tv Business Deutsche Welle September 17, 2019 7:15pm-7:31pm CEST
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president trump told us he's toast with the timing of. this is that date of music live from the budget do you get over the new stuff latest news information on the web site a w a dump to come talk about the top of the hour and get hot pokers 1st business i pick up mix of the. earth a home worth saving googling to those tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by jobling to those being by a series of global 3000 on d. w. and online you know that 77 percent. are younger than 6 hot. spots me and me and you. and you know what it's time all
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voices. longest 77 besides be talk about the issues. this is where you. know 77 percent this weekend on d w. county fire on the violence in south africa is not only hurting people it hurts business as well. for the township business owners on street found out and now to stare open their shops we take a look at the damage the violence does to the south african economy. small businesses survive the terrible suffering and warts on syria we have an exclusive report from damascus. and despite the troubling recent weeks
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a vote of confidence in hong kong as a good place to do business brewing john i'm in bed with pastor focused asian business that for 6600000000 u.s. dollars. first this is business africa welcome to. the far end of violence rocks in a city johannesburg businesses are struggling to keep the doors open and economic downturn africa's most developed economy is making things difficult anyway popular culture a model name for example is feeling the pinch visitors there are counselling plan trips and many business owners are too scared to trade the toxic mix that puts a decade of work in rejuvenated the former slum area and a serious threat. that john is big in the city has been rocked by cheeks of violence angry mobs looting and destroying anything in the park with foreign owned businesses feeling the brunt of this and that there is nothing
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that just about. any form of this conflict between south africans. before and this yes should. it what did it with. the present whatever it is the effect has been devastating on my printing in the city have put tourism cult. cuisine and entrepreneurship. this is what the damage looks like and there's a big crowd of. people just throwing stones bricks businesses have seen a significant drop in visitors since the unrest began putting serious pressure on the hospitality and tourism sector is which rely on the city's estimated 5000000 annual visit is. how are we going to sustain this to investors with the sort of the
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chaos that always worries me that will always stresses me out police have increased their numbers on the ground conducting raids and patrols across johannesburg we want to make sure that their parent and last time their people with routing a short stay it doesn't. or it doesn't spread to at the areas we will be remaining in their hearts ports or in our the areas that we affect it until we are sure that everything is there to not know my analysts argue the damage is already done this city is the most unequal in the world and it took a long time to begin to get people in the middle class to go and say it on sidewalks restaurants and go out in the town and this definitely is a psychological barrier to continuing the reintegration of class and race you know our awfully divided cities it's a tragedy and it's not only restaurants hostels bars and hotels
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feeling the pinch in a city commerce is taking a serious hit i just have this feeling they might come back my customers ask it they've been calling me they cannot come and collect the as stuff some of the our stuff has been damaged so bubbling is never going to be the same again. although authorities claim the situation is slowly normalizing and wrist has already cost $12.00 lives and the city of gold remains on age. i'm all joined in johannesburg by a cloudy mile of it from business day cloudy you've been following these developments closely what's the mood these days. well on the streets everything has pretty much calmed down of course diplomatic diplomatically we would have seen the fallout president saddam up was a saint envoys in 2 different african countries which included among others nigeria
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and the r.c.d. to come in almost grace the issue of xenophobia even though they haven't quite called it in a phobia but of course you would have seen that president that i'm opposed to was initially booed in zimbabwe when he was addressing the late president robert mugabe zimbabwean president robert mugabe's morial service but the crowd cheered him off today he apologized for what had happened in south africa so that's been the most of it. so how do you reckon is this for the south african economy on the whole. well look if you look at it on a micro level you will definitely see an impact especially in like this with regards to the small businesses which were looted and the informal economy in central business district such as johannesburg where a lot of the protests will a lot of that back you can't completely coated approaches. and of course like in
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terms of foreign. truck driver trucks trucks who own who are driven by foreigners had been attacked so that industry itself would have been impacted but on a macro level well in all probability we won't see much of an impact on this. but you reckon the government is doing enough to help businesses especially small businesses who have been directly affected. well if you look at small businesses which have been directly affected if you look at a policy level south africa in terms of these small businesses small businesses i have or mess of like it's a mess of focus in terms of policy in itself. in terms of what they have done in the often most of this in that specifically in terms of this there's not been well of course you would have seen people going on the streets going to speak to people but in terms of the policy level the policies are they to help small businesses the
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problem is implementation in general but ensues of helping business in general in south africa right now. i think by focusing on law enforcement for the most of it it does help business business needs a stable environment to be able to function in and by getting the enforcement to do its job it does indeed help business carmela that from business day in south africa thank you investors around the world are keeping their eyes peeled on developments in saudi arabia after last weekend's attack on an oil refinery slashed the country's output in half the time claimed by hooty rebels in yemen cause the price of oil to so surged 20 percent the biggest one day rise since the $9091.00 gulf war the prices since dropped again on reports that saudi output is expected to recover but it's still higher than normal trade as a still selling off stocks and allied scent of a fuel dependent industries. that spike in crude prices is rising inflation
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concerns in south africa where traders had expected cotton benchmark interest rates when central bank officials meet on thursday traders now put the odds of a rate cut at about even south africa imports some 40 percent of its oil from saudi arabia another reason the central bank might leave lending rates on touched recent cuts haven't done much to help the country's sluggish economy. the e.u. is competition regulator has approved a major deal between utilities r w e and on with conditions the deal would see take control of the green poly unit energy part of a complex s asses the european commission has concluded it would not lead to higher choice or higher prices for consumers but the approval depends on air and selling some of its business in hungary and the czech republic. now it could be the world's
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2nd largest i.p.o. this year when brewing giant was a bush in bed kicks off a 2nd attempt to spin off its asian business and hong kong the i.p.o. on wednesday will be worth up to $6600000000.00 u.s. dollars and a test of investor appetite following anti-government protests that have roiled hong kong and for nearly 4 months china's ali baba group holding last month to lay the listing worth up to $15000000000.00 amid the armrest. hong kong hasn't exactly been bubbling over with good news for investors as of late. but that may be about to change. the world's largest brewer aby imbeds wants to take its asian branch e.p.a. seed public their. use and the man overseeing the ideal was confident despite the turbulence of recent weeks yeah i mean theoretically of course it is possible. conditional to toronto valuation market conditions but we are quite confident just
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her interest is there but investors' confidence in hong kong has started to go flat . trade volumes are down over fears recent protests could further escalate. but so far as business hasn't been affected. and sales of its core brands budweiser corona and facts remain solid. white sales are also up 2 point one percent the highest mark in recent years. to brew meisters it ab embed hope to raise around $5000000000.00 in the i.p.o. a sovereign wealth fund from singapore is reportedly looking to pick up around $1000000000.00 of the stock which could help put some fizz back into the hong kong market. 8 years of civil war have crushed the syrian economy and its currency back in 2011 you paid 50 pounds for one us dollars a day the official rate is above $200.00 syrian pounds to
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a dollar but money is scarce pushing up prices on the black market crash against major currencies has made its doing business in the war torn country a big challenge surrounded by the scent of his spices mohammed's arco is growing more desperate by the day he knows when he lies down to sleep in the evening that prices will have changed by the time he wakes up. a. little bit little or all in the variation of the exchange rate means that when i want to buy 50 kilograms of this or that product i lose 10 kilograms and i'm only able to buy 40 kilograms for the same price there's no stability so it's smart to wait a bit to buy but if you wait your store slowly empties out. the syrian pound has also been hammered by the relentless years of war the same sions in place against the assad regime and civilians transferring money out of the country on mass throughout the conflict on the black market
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a dollar now costs around $650.00 syrian pounds 13 times its price 8 years ago. the value of the dollar is increasing all the time prices change every hour or so the customer who came yesterday and bought something at such and such a price can come back today and have to pay more for the same thing so everything is growing more expensive including necessities like food many syrians now hoard dollars hoping to shield themselves if their pound falls even further. that's it from me and the business office in pen for lymphoma more stories check out our website e.w. dot com suspects. every
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turning to the roots. of the. family from somalia around the world. urgent assistance of. the family starts october any. this is the deputy is africa coming up in the next 15 minutes the nigerians back home from living. one of family is gloria thought she could help a family from abroad abandoned the best plan after a horrible year in defeat will hear from the organization working to ensure her and others don't try to leave again. and why is no piece on your school at the center of the twitchel war between kenyans and nigerians we'll get the lowdown from our correspondents in lagos.
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