different options come explored resettlement to european countries could be one of them return to 1st country of asylum could be another one family reunification we have this many solutions to offer as we are offered ourselves so the more slots we get for resettlement the more refugees who come benefit from that solution how about you know from the united sharing with you thank you thank you so much. of this is day w business africa with monica jones is on the way for the day. he takes it personally are you ready with a little wonderful lunch to make the game so special. for all true for. more than football on line. i'm not going to think out of the gym well

i guess sometimes i am but i'm standing up in which to meet the german think stevens or german culture of looking at the stereotype square in here thinks he's a country guy not. needed so you can take his grandmother there. it's all about a new i'm rachel join me to meet the gentleman from d.w. . post. what's wrong with africa's most developed economy south africa grapples with its cash strapped state owned enterprises i mean to rampant xenophobia we go live to johannesburg. also coming up one of those a motorcycle taxi market has seen a flurry of tech investment now it's ready to switch from gasoline to electric.

welcome to your business africa i'm going to johnson berlin good to have you with us. a wave of retaliatory attacks of hate south african owned businesses in nigeria apparently in reprisal for center phobic attacks that have been taking place on foreign owned businesses in south africa a chrysler attacks in the nigerian capital abuja have been intensifying with a south african supermarket chain shoprite heavily targeted telecommunications been empty and has also been hit the attacks come in response to a wave of xenophobia violence that has beset south africa hundreds of nigerians there are reportedly to be flown home free of charge by private nigerian airline peace. meanwhile the ratings agency moody's just trimmed its forecast for south africa down to north point 7 percent in 2019 citing fiscal risks and political constraints to economic reform and the risks are huge south african state

and energy provider eskimo alone is drowning in debt and needs state money to keep the lights on it's only one of many public enterprises relying on government bailouts to stay afloat. dark times at its combs headquarters. were already. widespread. tests or. in the midst of a suppose a turnaround south africa's national power utility needs another government bailout . with national debt to g.d.p. of over 55 percent this threatens the country's future and we have severe fiscal constraints. so this idea that you can just pick up

a phone and say i need that 100000000000 of the 20000000000 that i'm very loud or 200000000 bailout. that you know needs to disappear faster then then we have gotten to be doing ok i think we're in for the shock pretty soon we're in for a shock because there isn't going to be government money supplying 95 percent of not only the country but entire southern african regions energy eskom received 4000000000 euros from the government to keep the lights on in 2019 alone leaving analysts worried that planned reforms that eskom are nothing more then talk . to synonymous with the treatment that has been given to the other failing state owned enterprises where they've also been given. the sort of kick the can down the road and not address the urgent issues that need to be addressed in terms of corruption mismanagement and gross inefficiency the power utility is just one of

many public enterprises that cannot sustain itself the south african broadcasting corporation needed a 200000000 euros government cash injection in july to keep the national broadcaster on air south african airways is technically insolvent and has swallowed over 2000000000 euros in state bailouts in the past 2 decades government warns that attempts to clean up state owned enterprise finances are being stifled. so you have a whole lot of people who are afraid of going straight. up in the fall and yet. from. populism elsewhere in the world. is not good for south africa and investors don't believe the government is doing enough with moody's the last ratings agency to keep sub africa at investment grade recently changing its outlook

to negative for more let's bring in phil advance in johannesburg where he is associate editor of business insider south africa philip what's holding south africa the continent's most developed economy back at this point just about everything was still suffering from the hangover of rampant corruption which is being investigated at this time that template the electricity sector one of the reasons it's come is not performing is because millions billions of euros possibly was siphoned out is there that meant that electricity became much more expensive in south africa that affected the manufacturing sector and that's just one example of the kind of knock on effect that we've had south africa after many years of mismanagement compression is not reached the point which something has to give there's the national treasury keeps telling us and the choices that we have to face of politically unpalatable and that's a big part for the political trouble that the ruling alliance finds itself in of

the moment yeah i mean the in this report we heard the public enterprises minister say that he thinks we are in for a shock pretty soon because there's no more money now if that is the case went to privatized. well that's one of the political problems that the ruling alliance faces the a.n.c. is no alliance with the trade union federation cosatu adds well as the south african communist party both of those organizations a militant leader opposed to any form of privatizing action and has previously over the decades many each discussed by any plans at privatization that notwithstanding things have gotten so bad now that the a.n.c. is pretty openly talking about defying those alliance partners and saying that there is no other routes there is no other way to to find the money the a.n.c. seems to be quite serious this time around talking about privatization when it does it will have to face up to protests which will almost certainly erupt within the government sector and we've already had certain say tis of government employees

promising that they will be rolling mass action the moment there is any attempt at privatizing and of course if you want to privatizing the investments how do that is sent off i think a tax on migrant drawn shops and businesses impact private and foreign investors. it certainly doesn't help south africa is not a great investment destination at the moment just looking at the volatility of the currency looking at labor legislation looking at the prospects for growth into the future looking at the ability to get hard currency out of the country so on top of all of these issues you now have international headlines on a daily basis about rampaging mobs through the streets of the commercial capital of the political capital and you've got potential foreign investors looking at some foreign companies in south africa who at the moment are not allowing gay people to travel they saying to their employees please don't travel across the city to go to meetings that's not the kind of environment that really attracts foreign investors

indeed going to divest of their reporting from johannes that thank you so much. fox wagon has long touted itself as the one car company that can mainstream the electric vehicle putting its massive production scale to lower costs and improve battery life and off to make electric attractive now v.w. has unveiled its 1st all of a compact timed with the opening of the frankfurt motor show the id sri question well the average person i eat. for europe's biggest automaker the id 3 isn't just a car it represents an idea of what flex 5 and wants to be in the eyes of environmental regulators and increasingly climate conscious consumers. now this is the car that fox falcon is hoping to make an icon the way for example the beetle was its big bet an electro mobility amid what's become a battle for relevance. running up to 500 kilometers on a single charge

a tent for every day mainstream use but as many electric vehicle makers know just because it was built doesn't mean it will sell for its one is counting on low prices and high volumes to make a profit until 202815 1000000 cars and the most of our new rules will be built on this platform with this platform we are generating scales and this case we can use to give our custom us a prize below 30 cells and euros and of course we're such a huge amount of volume you can't afford to make the process now concerns are growing about whether electro mobility is indeed the way forward towards a carbon neutral transport people are worried about what happens to the batteries at the end of its life people are worried about mineral extraction what do you say about those concerns we think that electoral believe the earth at the moment the right technology because we are committed to perris 2050 years we wants to be on to 2050 climate new truth and today electrification is the best

choice to realize a short notice. c o 2 reductions until 2025 we want to produce more than $1000000.00 electric cars with this we can reduce the c o 2 emissions 4 feet by 30 percent the id 3 represents one of the 1st challenge of all result of that effort but whether it's paid off is something consumers get to decide following its market released next summer. how to get it right with climate friendly mobility it's not just a challenge for german comic in rwanda the government is keen to speed up the switch from dirty to clean mobility it's issued national policy guidelines to eliminate gas motorcycles in its taxi sector in favor of him. like thousands in the rwandan capital kigali james musi she makes his living as a motorcycle taxi driver. at the start of the year he switched to another trick

motorcycle a move he says has made him an extra $5000.00 rwandan francs per day the equivalent of 5 us dollars from this new if you come up to a benefit to match your horse. before you see if i was using the day but not it by creatures a few it is not a 5 year try to get 50000 or 620052 put this one i get criticized by day time about practices and it is so sad. with rwanda's government setting the wheels of the mobility in motion companies like local startup ampersand spot an opportunity they've been developing emo toes as they're known here for 4 years now they're selling them to motorbike taxi drivers for $1500.00 us dollars amberson says the motors are easier to operate and cheaper than gasoline motorbikes. so i'll vehicle has more power than the current motorcycles that are used in rwanda so more climbing power there is no gears do you

have to shift especially in traffic juggling. a clutch and a foot break and i don't have to worry about any of that like so it's much easier to drive you can even go in reverse if you need it to which is unique for motorcycles. and it's cheap it's a buy cheap it's operate. air pollution is responsible for thousands of deaths a year in rwanda. motivation enough for james move c.c. to buy his the moto. he says the switch has dramatically improved his respiratory health. but it's the promise of a higher income based on cheaper running costs that's prompted many other a london moto taxi drivers to get on board. and that is you business update here indy w. thanks for watching kick

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