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tv   Business  Deutsche Welle  September 5, 2019 7:15pm-7:31pm CEST

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american a jenny simons is coming down the mountain when things go a bit wrong and tumble off the tumble it looks like a hollywood stunt but somehow the 20 year old son 5 tough human avalanche routine without serious injury as he finished 8th on the day but gets top marks for just being able to walk away there's advocate with. next i'll be back at the top of the hour going to. subscribe to d w books or something more in the world but we may be back after 5. 3 books. closely. carefully. to begin.
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to discover who. subscribe to documentary to. pick up. 94 of the riots are keeping south africa. shadow on the world economic forum on africa in cape town south africa president's. council opening speech on. african businesses across the continent. missing
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out on making a tidy profit. because. business african. looting and attacks against foreigners are now sparking a reprisal attacks on south african businesses in nigeria the violence in south africa is also overshadowing the $28.00 world economic forum on africa today. african president. was set to open the meeting with the riots forced him to counseling speech and attend to the security situation. arrived at the world. where he. across the country. many african foreigners no longer feel safe in south africa these demonstrators want an end to the violence against women in the country. have stepped up security at the venue for the world economic forum the mood is tense but south african
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officials aren't taking part in the press conferences and some participants want to talk about the attacks i think i think it should it's really iconic now that we're having this meeting demonstrations about. the building i think it should be a focus point. to some participants the causes for south africa's problems are clear . it's inequality so i think it's inequality which has just in turn few the anger which is led to the protests but the inequality also rising from the unemployment so there's a real challenge of unemployment and inequality too many people feel that their lives are not been touched and they feel that is an issue of justice and fairness and some of them are taking it out of other people because those are the people that are rich the time will come when they can reach beyond people and be at the
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very structure of the global economy and people in this room where the decision makers structure the world have to recognize that that means politicians of the world economic forum may not be able to turn a blind eye to the attacks in south africa. spoke to our correspondent in cape town what kind of impact the riots are having on the mood there at the world economic forum. gad i would describe it a sort of an undercurrent a lot of people are speaking about it not necessarily during the main sessions but it's obviously a subject of conversation in fact the president us 3 of them of course of the south african president was supposed to deliver a speech today but unfortunately he was called to parliament to address this issue and his finance minister who ended up delivering that speech on his behalf ended it by saying that we are all african i suppose a note to mention you know that he understands that he is cognizant of what's happening outside the 4 walls of the conference center. where of course is not the
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only topic there at the world economic forum inclusive growth is one of the big ones what does it actually mean and is that any progress. actually inclusive growth is the subject of conversation this year and the irony is not lost on anyone that as we're in here discussing that that outside there people who are saying that they feel and represented they feel misrepresented and that people who were in this country who say that how can we talk about an inclusive africa if right now we're not addressing the problems and the challenges that are affecting it what does it mean for the continent it means a lot of things that we've had before investing in the youth making sure that the infrastructure is robust in order to support a 4th industrial revolution but what has been so exciting and i suppose new is a focus on data a lot of people are saying that there needs to be urgent investment in data on this continent if inclusive growth is going to be actualized well. we hear
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a lot of that that it needs to be on top of the agenda because african economies need to become a knowledge based economy is there any progress there though you can report. it's fairly new and the attitude that is being expressed right now with regard to data is a because it's so new there's a lot of stuff that we still don't know but that also means that there is a lot of potential when it comes to data how important is it on the continent well i was speaking to a panelist earlier who said that data is not just the new africa it is the oxygen it is what is essential and required in order to move this continent forward however we did recognize or rather the palace did recognize that there are lot of challenges in order for that to happen policies need to be implemented in order for cross data sharing cross border data sharing to happen infrastructure needs to be put up to support the kind of data management and collection that africa is hoping to get but there's a lot of excitement around data and understandably so of the world is moving
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towards the 4th industrial revolution and that's all it's about. it came out and the world economic forum on africa in cape town thank you very much. and there are some of the other global business stories making headlines today the u.s. and china have agreed to new trade talks in washington in october it will be the 1st high level meeting since the tariff dispute escalated in recent weeks the agreement came in a phone call between the heads of the 2 trade delegations. faces another scandal this time with c. the c.e.o. he wrote. he has admitted receiving inappropriate bonuses from the comical but denies knowing about the before. why we placed calls going last year after going was arrested on 4 charges which he too you know. iran's nuclear deal continues to fall apart on the united states reintroduce sanctions tehran threaten to crank up your am in richmond again that's exactly what they said to do this
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friday claiming it's for peaceful purposes meanwhile new sanctions target oil smuggling it's an economy that is already hurting. there's always a feeling of anticipation want to ship docks in iran's harbor it's the same in bandar and other rainy and ports in the persian gulf to ships unload food and household items particularly washing machines televisions and other electrical appliances. traders like abdullah safari have been among the 1st to feel the pain of fresh u.s. sanctions it's even become difficult to get goods through the united arab emirates which in previous rounds of sanctions was the gateway to the world for a rainy and trade. that's become a lot harder than before. it was always difficult but now much more so the ships used to take 2 hours to reach the port in dubai but now it is they take from
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2 days to a whole week to get to the port you have to wait for the inspection to be completed the officials from dubai have become much stricter. fewer goods being allowed into the country is a massive problem for rainy and tighter supplies lead to higher prices inflation is running high. iranians have to take any job they can just to get by. me i'm a university graduate. and. without sanctions the job market would be so much better. claudia. economic conditions have worsened but we still get by we still continue to work and to do our jobs. many things have become more expensive but we somehow get through and we're not completely
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unhappy. i've done a safari has a few hours off before he heads back to dubai with his boat during the past few years when sanctions eased the 43 year old father made initial contact with europe at the moment they are not of much help. after. to go to europe and do business there immigration from oddities need to get easier any visa applications take a long time and are very difficult. the next problem is foreign currency exchange i'm sure some people in iran manage to do this but it's problematic for the small trader. that many iranians feel let down by europe would like a dollar safari most do not want to give up hope that the situation will improve once more. 2 years ago tiny landlocked listen to became the 1st country in africa to legalize the farming of medical marianna one of the world's poorest
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nations the soon to hopes to benefit from one of the world's fastest growing markets so far so good bought iraq recy is now keeping small farmers out of that market listened to is known as the kingdom in the sky but the massive cannabis growing facilities here aren't about getting high the plant is stripped of its most psychoactive component t.h.c. it's the can of a dial or c.b.d. that's most medically desired then quite so the global market for medical marijuana is estimated at $150000000000.00 and projected to almost double by 2028 the suit to base medic ro hopes to right that boom it's invested almost $20000000.00 on production around the capital of muscle room. i think mr truth is great in the sense that it's very unfair to. review this i mean the mountain view is amazing we have streams and water year in abundance which is. and so the conditions all or
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most favorable for the brink and if. you can use that industry it ranks 159 out of 189 countries on the u.n. development guy unemployment is high and almost a quarter of the population infected with hiv but access to the legal world of cannabis is limited a license cost $33000.00 an impossible sum for small farmers and so many continue to grow illegally. most. people have been living from are you gonna buy illegality so. we were hoping that these we would be able to defy them to meet. and. so we've begun to get that word because often as i think they're not. fair for all 440 people for now small farmers will have to remain just on the other side of this growing
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industry. authorities in tanzania. $2000000.00 worth of ivory the illegal stockpile was found buried on the knees the house. and is said to have come from over $100.00 different of the posts around 7 accomplices have since been arrested comes of being up the fight against the illegal ivory trade. and that's it for me on the business team here the pope is on a 3 nation tour in africa starting in mozambique today. as all about that in just a few seconds on africa right after a quick look. join
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a well go to the girl next you tube channel. good line up students. with exclusive insights. and a must see concerning parts culture kimura. a place to be for curious minds. do it yourself networkers place so subscribe and don't miss out on. the facts. this is the news africa coming up on the program the pope is in town halls and some jubilant people welcome francis to mozambique was he begins his dream is in told africa so how significant is the pope's visit we'll talk to our where there's just a faster response also coming up. sieved by the t.v. he nearly joined on the sly missed a student school dance to me t.v.
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program he changed his mind now he hopes to use his story to discourage others from being right.

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