polls in israel. election this year. minister benjamin netanyahu faces a strong challenge. from a centrist poll results from assume. busy clock on our website. with the business stuff. to.

cut. thank you thank. you. anti for on the violence in south africa is not only hurting people it hurts business as well one time township business owners on street franco's and now to steady open their shops we take a look at the damage the violence does to the south african economy. and how small

businesses survive the terrible suffering and war torn syria we have an exclusive report from damascus. and despite the trouble in recent weeks a vote of confidence in hong kong as a good place to do business brewing john and investors passed a floating asian business that for $6600000000.00 u.s. dollars. first this is business africa welcome. foreign 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 mob neighing 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 and rejuvenated the formal slum area on the serious threat. that john is big in the city has been rocked by 2 youths of violence hanging mobs

looting and destroying anything in the pub with foreign owned businesses feeling the brunt of this and that there is nothing that just about. any form of this conflict between south africans and the foreign nationals should. get what give with criminality. it was a moment when whatever it is fixed has been due. estate on mother nature. in a city hub for tourism culture 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 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 read within a shops it doesn't like it or it doesn't spread at all at the areas we would be remaining in the hot spots or in our the areas that we effect up 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 eat on sidewalks to restaurants and go out in the town and this definitely is a psychological barrier to continuing the reintegration of class and race in our

awfully divided cities it's a tragedy. and it's not only restaurants hostels bars and hotels feeling the pinch in a city commerce is taking a serious hit i just have this feeling they might come back my customers as they've been calling me they cannot comment collect the eggs they have some of their stuff has been damaged so. it's never going to be the same again. although authorities claim the situation is slowly normalizing the unrest has already cost $12.00 lives in the city of gold remains on age. i'm 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.

on the streets everything has pretty much calmed down of course diplomatic diplomatically we would have seen the fallout president saddam up was are seen envoys in 2 different african countries which included among others nigerian the d r c to come and almost address the issue of xenophobia even though they haven't quite called it in a phobia but of course you would have seen that president sort of i'm opposed to was initially booed in zimbabwe when he was addressing the late president robert mugabe zimbabwean president robert mugabe's moral service but the crowd cheered him off to 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 well a lot of the. yukon completely coated approaches. and of course like in 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 their small businesses small businesses are massive like it's a mess of focus in terms of policy in itself. in terms of what they have done in the often math of this and 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 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 law enforcement to do its job it does indeed help business climb out of it from business to 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 because the price of oil just 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 traders are still selling off stocks and alan sent out a fuel dependent industries. that spike in crude prices is rising inflation 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 untouched 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 with conditions the deal would see take control of green power unit energy as part of a complex as asses the european commission has concluded it would not lead to

higher choice or higher prices for consumers but the approval depends on selling solve its business in hungary and the czech republic. now it could be the world's 2nd largest i.p.o. this year when brewing giant on the shores of bush in bed kicks off a 2nd attempt to spin off its asian business in 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 still lay the listing worth up to $15000000000.00 amid the on rest. 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 invest wants to take its asian brand e.p.a. seed public their. use and the man overseeing the i.p.o.

is confident despite the turbulence of recent weeks yeah i mean theoretically of course it is possible. conditions. market conditions but we are quite cold fronts so you just 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 becks remain solid. worldwide sales are also up 2 point one percent the highest mark in recent years. the broom ice or is it a b. in bed 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 syrian pounds for one us dollars a day the official rate is above $200.00 syrian pounds to a dollar but money is scarce pushing up prices on the black market crash against major currencies has made doing business in the water own country a big challenge surrounded by the scent of his spices mohammad's are koa 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. to belittle 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 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 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 who are dollars hoping to shield themselves if their pound falls even further. that's it from me and the business. for lymphoma war stories called a website called specialists.

the song. holds the 1st $600.00 suspects are going to comment plenty of emotion. in. the past post

again next week on in 60 minutes on clueless. co-chairmen. joining us from africa. your link to exception stories and discussion from the town where i would say deep down below come smash the truth come join us on facebook. for. this is the news africa that's coming up in the next 15 minutes the nigerian back home from libya. one of them is gloria deep thought she could help a family from abroad to abandon that plan to a horrible here and if you will hear from the organizations working to ensure good and others don't try to meet again. and why is no piece on your wall at the

central to twichell between kenyans and nigerians we'll get the lowdown from our correspondents in play costs.