tv Business Deutsche Welle September 25, 2019 8:15pm-8:31pm CEST
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was addressing parliament for the 1st time since the supreme court ruled the suspension of parliament earlier this month was unlawful search plus fresh evidence has emerged that u.s. president donald trump fraud at the leader of ukraine for damaging information on the political rival to a transcript of a phone call between the 2 leaders shows john urging the ukrainian president to open a corruption probe that does it 1st things watch. stories from the people home world over the information provided to the fenians they want to express g w on facebook and twitter and up to date and in touch follow us. and.
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* the. was. job seekers in south africa are all prayed for jobs scammers adding insult to injury in a country it would record high unemployment. also coming up a german lawmakers try to do with themselves in on cryptocurrency to talk to someone who brought in a road to send to parliament. and the residents of her race facing a crippling water shortage amid a lot of foreign currency authorities had to scramble to secure to secure chemicals to treat water. welcome to. on in berlin we begin in
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south africa where record high unemployment is seeing another related spike and false job advertisements job seekers are falling into traps laid out by scammers sometimes with severe consequences. learned to be cautious the 30 year old from cape town now reached her e-mail very carefully she became the victim of an online scam while looking for employment. applied to one of the biggest companies in south africa. petro and it's a great company i was very excited to get their contracts but then i had to pay you know the 550 we made me a bit skeptical about it but i said you never know if you don't do it what if i don't do. you. the job offer wasn't real piggy paid the scammer the
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equivalent of about $40.00 for a fake police clearance certificate when she didn't get any further response she contacted the actual company so i had to send him an email to complain and they said sorry about there we are investigating and please know that this is the game but they never got back to me out until today. pick this experience is not unique the patrons in this internet cafe all have similar stories to tell with an unemployment rate at a record high of 29 percent south african job seekers are the perfect prey for online scammers fraud and identity theft are common motives scams but it can get even more serious especially for women. this can potentially also lead to human trafficking when people suspecting job seekers are lured to thinking that they were good job outside of our borders sometimes even within our borders across provinces
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when they reach their destination they are made to do it with. other things other than being given the initially promised reputable job boards now issue warnings about fake ads posted on the internet industry expert or deal pardon horsed knows what to look out for the 1st and most important thing is to realize that no company can ever charge you to be placed in a job if a job is making a lot of promises you know i think stating things like a big salary for minimal work you should be suspicious. peggy is happy that she came out of this experience fairly unscathed she now looks out for her younger sister i've told her a lesson that she needs to fess confirm it check with me also because now i'm very vigilant and very careful but with a large number of job seekers it's unlikely the scammers will retreat anytime soon . here to give us more insight into unemployment in south africa is bronwyn
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seaborne she is a news editor and anchor at business day t v welcome bronwyn bronwyn can you tell us unemployment is sitting at a record high in south africa what it has contributed to this. so as you mentioned a little earlier record high for us is 29 percent and just to put that into perspective that means that 6650000 people are sitting with work they are a couple of reasons why but the main reason comes down to a lack of investment in the economy 1st seen not only by the private sic to confidence levels but also by government because government is so fiscally construct and they just don't have the money to invest it back into the economy because they're supporting all struggling state owned enterprises. and do you see the situation raising the potential for social unrest.
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absolutely there is definitely the raised risk of social unrest and for example banks have been planning for the 4th industrial revolution and that means that they're going to be closing a lot of branches and that's going to come with a lot of job losses and all main banking union which is. they're planning strike action for this coming friday which will see over 40000 workers stay away from work their intention is to bring the whole sector to a standstill because they believe that these job losses are just unacceptable as well as the wages that they're being paid they believe are just too low when home page pate that most getting at the moment in this tough economic climate. thank you very much bronwyn seaborne news editor and anchor at the state t.v. . to the brave new world of cryptocurrency is now out to say the least it's a new challenge for regulators money that goes into traditional banks the might
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just be a bunch of ones and zeros on a digital ledger but it has the benefit of being backed by government guarantee cryptocurrency is like a big coin and facebook's lever on the other hand could eventually give a fee up money or run for well that's money and governments around the world have to figure out what that will mean for the future of transacting now here in germany lawmakers met this afternoon to discuss crypto currencies and their potential effect on existing financial systems with a group of chosen experts one of those experts joins me today in the studio katerina garros she is the sea immutable insights a block chain analyst analytics services a firm now fresh from speaking to those german m.p.'s what is your impression of where they are with regard to crypto currencies well in comparison to the other hearings that asked. i was astonished of today's quality of discussion i could tell
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that also through all the discussion of the block chain strategy that the german government now proposed actually there has been a significant increase in the level of knowledge and understanding of the technology and to me the striking new prime year if you want was that there was actually the recognition that it's about opportunities and that you know in the broad is proposed example but there could be others and why don't think about a european alternative so i follow that spirit and that momentum as a native and i think that will change the discussion from now on. these their homework is definitely good news but when you talk about opportunities i guess you also have to talk about risks i can also they i can also imagine that they asked you about the risks associated around crypto currencies like terrorism financing investor protection money laundering did you have anything to say about that when you were in parliament today. as
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a matter of fact i did because it's one of my core competencies i think that money laundering and block change is associated is an early and urban myth in the end it's to be quite honest the most the most stupid idea to along the money on block because you'll be for ever documented on exactly what you did and companies like ours who specialize in analyzing the box and will be able to prove for ever what you did in when you did it so i think in the end if you twisted around it's about the opportunities also for a state to be more effective tax evasion it's a big topic corruption big topic money laundering terrorist financing but as a bad effect the block is the much better source than the current system because all those things happening in the current system not on the block so i do think that they're also understood that if you wanted to become more effect. as a government then you know we should also look into the opportunities it has for
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the state itself now yesterday we saw a bit of a tumble from the cryptocurrency is like a fairy and bitcoin. drops of more than 15 percent now what those of that kind of volatility do to the potential mass adoption of crypto currencies is that then in the cards. i think we should differentiate between the current crypt occurrences like bitcoin and if human the others and the whole category of stable coins lead right now suggests that a stable coin and i think the underlying principle is that you don't use speculation like bitcoin but you actually do use the value of existing bonds and existing currencies so in libra it will be 50 percent bonds and it would be 50 percent actual you know currencies so that is perceived more stable than bitcoin any theory is i think overall let's not forget that the current monetary system is
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also one of volatility and i think it's the question of how sensibly we manage a basket that would provide more stability than bitcoin an ether and how it builds on existing systems then i mean that's what i'm getting from what you're saying thank you very much that was very interesting katrina the c.e.o. of immutable insight there for us thank you very much interim much now to some of the other global business stories making news. the former head of the bank and estonia i've already has been found dead initial reports point to suicide it was part of the ongoing investigation into an alleged money laundering scheme and investigators allege that donz that funneled some 200000000000 euros in illicit funds through its tiny a stone and branch during re is 10 year. germany has had its biggest tech i.p.o. in 2 decades team viewer which makes a video conferencing and rim or remote working software went public in frankfurt earning investors billions in the process the company raised over 2200000000 euros
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. at the start of this week a major treatment plant in harare was shut down leaving 2000000 people without a water supply authorities and the zimbabwean capital have been left scrambling to secure a supply of the chemicals needed to run the facility the taps running dry is another tangible symptom of the country's worst economic crisis in a decade. the queues started before dawn broke after domestic supplies were shut off this bore hole in the kuwait sauna township became one of the only places the locals could get water tempers frayed as each tried to secure their share let them or anybody out when nothing is working in this country how supposed to survive after this we have to wait for the electricity which doesn't come until midnight. the lack of treated water is raising new fears about disease in communities already
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recovering from a cholera outbreak what's more a drought is causing reservoirs to evaporate it's the water here that needs purifying before it's sent to taps in harare both are to say they lack the foreign currency needed to buy the chemicals what does it. is a desperate situation. cancer now says it secured a week supply of chemicals from another town the long term solution is still urgently needed. thank you very much for watching.
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enjoy the conflict zone confronting the powerful. cold so mean abuse as a champion of human rights for those one in particular close quarters essentially the likes of bush's sorry focus this week is some combo solicitations emotional the flu just freedom to stall of sean trying to hijack some political purposes conflict so for 60 minutes the film. coming.
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from the adventures of the famous naturalist and explorer. too soon to bring to comics i know from the books from 250 the morning of the aforementioned discovery. expedition homeboys on. the phone. this is the deputies africa coming up in the next 15 minutes when it's offbeat all tenet. if nobel prizes have been announced and an activist campaigning for waste and started independents is among them one of the judges will tell us why i mean those 2 tied up was deserving. and to take it to a nursery school teaching children eco friendly practices in kenya. today and how the sport dancing ezri have been escaping young prison is in senegal .
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