production is up slightly but its famous gold mining industry is struggling to say what's behind the. story on more in just a moment and more world has lots of the top of the public to. earth. home. of species. a whole lot more significant. given those are big changes and most start with small steps but the ideas tell stories of crude induced people and innovative projects around the world. but news that could turn the good news to managers of shots and resources should. lead to interactive content teaching the next generation of

fundamental to cheshire. using the channels available to inspire people to take action and more determined to build something here for the next generation along with the environment series of global 3000 on t.w. and online. mining output and south africa has picked up slightly thanks to the surge and more production goal to mining however still lacks the rest of the industry wide. also coming up with a germany's flagship aakash oh faces an existential crisis perhaps this was the last time a sitting chancellor opened the fact that. i would is a very welcome to do business. africa want to jones of berlin good to have you with

us and we're starting with this the world bank has assured the sudanese government is willing to offer its support during the transition period so dance new prime minister abdullah ham dog met with the bank's regional director kerry turk at his office she said the organization was ready to encourage donors to invest in the country that meeting came just 2 days after the dance transitional cabinet met for the very 1st time following the military removal of long term leader omar al bashir . this heah. south africa's mining output rose for the 1st time in 9 month up 2.4 percent in july from a year earlier now while that is good news for the sector it can't hide the fact that gold mining has run into problems in africa's most developed economy and that's why gold fields a company that's headquartered in johannesburg and listed on the stock exchange there has long been focusing on ghana for profit. gold fields is mines in

ghana a poor ring with riches the firm draws more than half a 1000000 ounces of gold out of the ground here every year and it's turning those ounces into ever higher profits thanks to the rising price of the precious metal. over the past 12 months it's climbed from $1200.00 an ounce to more than $1500.00 that's a rise of 30 percent. but away from garner the south african company has deep lying problems in its hometown of jana's the production at the south deep mine has been declining significantly for almost 2 years despite a 1000000000 dollar reserve lying beneath the ground here recovering it is getting more and more complicated and costly with one in 3 jobs here thought to be at risk the speculation about the possible closure of what was once the biggest gold mine

in the world. for more i'm joined by our reporter in johannesburg stephanie good to have you with us stefan what exactly is causing the south african gold mining industry to struggle the way it does right now. some end of this to starting to cold a south african gold mining industry actually dead men walking you know we're is seen here in industry that is aging that is a very costly indeed mind us have to dig deeper and deeper into the grant to get to the precious metals and that is making that in the stream very capital intensive oil i think to biggest factor for answer to tease we need the policy uncertainty here in south africa so what does this may in for the economy f. south africa well the gold mining industry in to mining industry in general the is you know it's not any more the predominant into the sect it in the south african economy it's veld of us a fight we have sectors like to financial sector of the manufacturing sector which

of followed all the joke than the mining sector a poem ever to money sick to stew the close of hope a 1000000 of people and if mining companies decide tracks it's oh that fricken those people who lose their jobs as well the money an industry is a very crucial in terms of skills development here in south africa so off but if you say that mining as such is not that profitable anymore what and south africa clearly for the call them a it will have to move away from from gold mining at least our the any plans so what to do with with all the people that os said hurry then oh sure i guess there are 2 ways you can look at the gold industry here in south africa one way would be to see it as a sunset industry that is betting with rising costs and political hostility on the other hand i think you can also see it as an industry that is well positioned for another leave of life 50 percent that hover over the world gold deposits known here

in the south african soil and companies want to exploit that wealth so i believe if you know the political climate changes again. companies will come back to south africa and invest into the gold mining industry. move there reporting for us about the situation and the gold mining industry in south africa thank you so much that. all cartel opec has accused africa's largest oil producer nigeria of exceeding its production quotas saudi arabia has led calls for oil producers to comply with agreed cuts to their output at a committee of producers the saudi energy minister said every country should meet its commitments output reductions were agreed in an attempt to stabilize a slumping oil market and cheery and now plans to reduce production by more than 50000 barrels a day analysts have blamed the u.s.

china trade war for suppressing demand. the european central bank and this is not the bank that you see right behind me has unveiled a fresh stimulus plan aimed at boosting the eurozone economy among the measures it's just announced the reintroduction of a bond buying program and another cut in interest rates pushing borrowing costs further into negative territory the move is part of efforts to get inflation to just under 2 percent the little experts believe reflects the right amount of momentum in an economy. it's been a long way from the 8 car exhibit in berlin that was back in 1897 to the frankfurt motor show today one of the most important auto industry events in the world german chancellor angela merkel has officially opened this year's show theme to driving tomorrow and indeed it showcases all the shiny visions of the

future of mobility but the germany's car makers that's plenty of reason to doubt the future. outside the grounds of the frankfurt motor show protesters carry signs calling for the band of ins and petrol engines they're criticizing the car industry for their role in the climate crisis inside german chancellor angela merkel opened the show with a reminder to carmakers of the cost of past mistakes specifically the. emissions sheeting scandal that saw an entire industry sell cars they said were less polluting than they actually were. the problem of illegal defeat devices the one that led to a loss of trust weighs heavily amidst a period of great change. therefore it's only right and important for the sector to show it can be relied upon. that's why the cars shown to her and her traditional walkabout focus heavily on the emissions technology like

a lecture on delivery. but this giant multi-billion euro push into the future may be too little too late and the showcase of it obsolete. this could be the last time a sitting chancellor opens the frankfurt motor show at least in its current form the show is experiencing an existential crisis akin to the one the auto industry itself is facing automakers are called upon to justify their place in the world amid ever worsening environmental crises i made souring public opinion at a time where the economies of their key markets are spidering like say china or incidentally like germany bad news for a sector that produces the country's most lucrative export and employs more than 800000 people and these gleaming new offerings of germany's prized industry may find their way into fewer and fewer garages further slowing down a change of course for carmakers. and now to some of the other business stories

making news. then have matters the president of the german automobile industry association and short video has resigned the former 4 to manager only took over the job at one of germany's most influential lobbyist 18 months ago no reason was given for his resignation. germany's continental and france's mission in are planning a tie on making joint venture in asia according to documents filed with german authorities french software firm smack is also listed as a partner in trouble way which would be based in singapore. lawyers for most states and local governments suing a purge of pharma have agreed to a tentative settlement with the oxycontin make over the toll of us opioid crisis they say they are on board with a poet you offer to settle for about $12000000000.00 some states are still holding out. u.s. regulators are preparing to ban the flavored east cigarettes they paying has been

blamed for leaving hundreds sick and is suspected to be the cause of some deaths around $5000000.00 minus and an estimated $8000000.00 adults use the cigarettes in the u.s. . general motors is recalling more than 3000000 pickup trucks and s.u.v.s in the united states because of a braking problem the action involves some a 3400000 vehicles built between 20142018 after several complaints and drivers. cuba is implementing emergency measures to stave off an acute fuel shortage the u.s. has tightened its embargo on the caribbean island to get the communist government to reform and drop its support for venezuela's embattled president nicolas maduro of the islands resorting to war stereotypes which is hitting the people. the lines to get on a bus in cuba tend to be pretty long but these days things have got a whole lot worse. without transport you can't go to

work how are we going to get to work it's important to be able to you know. public transport is just one sector that's being affected by the shortage of fuel which the government's blaming on an intensification of u.s. sanctions. simpering and part of the mission to trying to prevent the arrival of fuel to cuba to stop tankers arriving in cuban ports to achieve that there brutally threatening the shipping companies as well as the governments where the ships that have business with cuba are registered. and they also can cool. the crisis has already disrupted the flow of goods potentially leading to more shortages in a country already used to them. compounding the problem is the fact that venezuela the country's main oil supplier is not only an enemy of the united states but also

itself grappling with the economic chaos. the cuban government has insured people that the current crisis does not represent a return to the economic depression that followed the collapse of the soviet union in the 1990 s. but with an american president who has shown himself determined to cripple the economies of his phone was venezuela in the middle of a financial meltdown and it's difficult to see just quasi wealth power think cuban economy. a message from me on the business africa team here in berlin thanks for giving us company.

w.'s talk show strong opinions clear positions from international perspectives beijing is taking a tougher stance on democracy approaches soon on its economic influence is growing dramatically and it's boosting its military to france so is china striving for global supremacy find out of the point sure floyd. to the point. of 60 minutes. every journey begins with the 1st step and

every language with the 1st word published in the. rico is in germany to learn german why not go with him simple online on your mobile and free apps a d w z e learning course nikos fake german made easy. as did i use africa coming up on the program touchdown 2 on sets in the future the fast nigerians are i've bought from south africa as the estates in a. box what. i have to offer that. also on the program where will god his body be buried while means about we maun be a former president has 5.