to run a more formal. with prime chairman carl hines rumi go also nearing the end of his tenure only through his retirement heralds the closing of a chapter but by munich you're watching it every new year's life from bro and coming right up monica joe's with business africa i'll see you again at the top of the hour for now thank you for spending this part of the difference. because again now look at me affectionately asian but as affectionately as you can . hear putin in the middle of his election campaign in the you 2000 the documentary was filmed for russian television. to turn the camera back on of course the film secretly chronicled a power grab that actually everything was precisely planned instruction. featuring a top supporting role. to the freedom of russia. and

featuring a lead role like you've never seen before. for the mere 7 year old which did the ends justify the means. to jin's witnesses starts december 13th on t.w. . did you get a bit of. south african airways is grounded the airline has to cancel all its flights today as well to stage a strike it is unclear when a flights will resume the go live to cape town for more also coming up african countries invest some $100000000000.00 in building new cities to cope with a growing population and critics say those smart cities just for the country's elite. and how iceland biggest fishing firm managed to get the corning right in and then devious motives. hello i'm going to jones and this is

a business africa good to have you with us and we're starting with beleaguered south african airways went on strike today to demand higher wages and protest plan to job cuts forcing the state old carrier to cancel all flights south african airways which is africa's 2nd largest carrier has warned that the strike and dangerous the company's future. south african airways check in counters of cape town are deserted and right across the country passengers are beseeching the airline's information counters with one question in mind where does it go to from here stephanie to cut this motion and then have men take this lead you have. no no information at all nothing. i just landed. about half an hour but i had no idea they're there for life work out of or anything like that. the airlines cabin staff are responding to

a call by 2 unions to walk out the protest is aimed especially at swindling job cuts announced by management $1000.00 of the company's $5100.00 jobs are to be axed just under 20 percent south african airways will begin resuming international flights on sunday but says domestic and regional cancellations will carry over into monday. for the latest let's cross over to our correspondent in capetown there how big a problem is this walkout for south african airways. well it can become a massive problem because we're not sure yet how long this strike is going to go out because basically the unions are saying we're not going to give in so that african hours of service say that they are losing about 3000000 euros each day and that state constant your floats if this continues for a long time you also need to realize that for almost

a decade south african airways has not been making any profits they're basically surviving because the government keeps on bailing them out so the financial situation is already terrible they're technically insolvent just staying afloat because of the new government they are ready except for to strike the need 120000000 euro still the sheer to survive so on top this strike is quite a disaster well one way to solve the situation of course would be to give in to the strikers demand how likely is that well the restructuring is necessary if they don't need to to make cut somewhere also to survive and then there's also demands that they want their wages increase they want to 8 percent increase in wages that african airways assess we can offer you fight what $0.09 at the same percentage highlights earlier this year provisions of the unions are saying look our members are earning that far less already and pilots so we want more some economists here

in political analysts in south africa saying it is reasonable that the months because basically there is no money and this week the state on company might not survive at all and that of course is far more jobs being lost and date it looks like south african airways sits between a rock and a hard place right now ellis reporting from cape town thank you so much. the world population is growing and so are urban areas across the globe by 2050 they'll be 2 and a half 1000000000 more people living in cities than there are today how can existing infrastructure cope you may wonder well one solution would be to build new cities from scratch and one of the most extreme examples is neon which is located in the northwest of saudi arabia right now it's a desert landscape but the plan is to turn it into a futuristic commercial and super high take up by 25th $25.00 the

cost of the development is about $500000000000.00 that's a lot of money and plant cities are up and coming all over the world including in africa. lagos is home to more than 20000000 people it's one of the world's largest cities overfilled and chaotic it's nigeria's economic hub but it's not the capital that's a blue jacket with around 3000000 inhabitants the city was designed around 4 decades ago it's considered one of the few successful planned cities in africa it has highways modern buildings and a well developed infrastructure with plumbing and electricity if urbanization continues at the same pace is forecast then the world can expect to see a mass of new cities being built during the 21st century in africa $100000000000.00

us dollars are being invested in building new cities nigeria the continent's most populous country is investing the most with 5 mega city projects gone or into kenya as well as other african states also want to build new cities to take care of their growing populations. biko atlantic city in $1000.00 is one such multi-billion dollar project a modern showcase city designed to ease the load in lagos but it's causing other problems the costs are astronomical most people won't be able to afford to live here critics fear that small cities like this one will become residences for the country's elite. of a more i'm dropping acid tasini a country economist and manager of the cities that work initiative at the international press center in kampala good to have you with us so we hear that the science cities are quite expensive if they're that expensive to be developed who

are the investors. so i think there's 3 main sources of investors particular when you talk about sort of african and new cities one is very much the state model or the state to state funding model here for example china is playing a very large role the 2nd are public private partnerships between private companies in the state but the 3rd and the most most of the cities are being financed privately and actually hear the big questions coming from real estate investors and and technology companies so if it's if it's mostly private money then certainly they're interested in seeing a healthy return who then can afford to live in those cities. so from from africa actually it is sort of a lack of empirical data because many of these cities are yet to be completed or even be started there and they're sort of conceived in plans but if we take sort of examples from the rest of the world along which these cities are designed as you

point out very correctly you know particularly since there's this private sector push the private sector also want to be able to make a healthy return on their investment and so we have state prices are are priced accordingly and in addition a lot of these cities are conceived to sort of leapfrog technological development to provide a hub for for high tech firms to attract high tech investment and in that sense they are also designed to to attract a highly educated elite. you equally atlantic example i think is a great one even though sort of it's not can not compete at a town somewhere in 2015 a 3 bedroom apartment was already going for a $1000000.00 or more over $1000000.00 and summer. and so if you know a large question urbanization in africa is actually a state new world poverty many of those coming to cities won't be able to afford. well what about half a minute left any alternatives to those planning cities those small cities

especially for africa. definitely so i think you know those where as you noted urbanizing enter a very rapid rate and i think harnessing the potential of urbanization and managing it well and that sort of getting ahead of the current that's planning to the cities that are to come many of our biggest cities are the ones that don't even exist yet they'll be the 2nd receive these are the towns we see today and so do you know following the model of the bigger that you mentioned sort of laying out infrastructure before people settle is a lot cheaper it can help you manage your growth and show people where cities are going to come and finally it can build the cities that people want and can afford. for the large part of the population and in a sense to help plan so that you know i've asked what hostis you new country columnist and manager of these cities that work initiative at the international press center income policy q. so much for your time thank you. yesterday we told you about

a huge corruption scandal in the libya fishing industry that already led to the resignation of 2 ministers today we look at the other side of the story we look to iceland and its biggest fishing for some harry in it because it is accused of bribing the namibian government to for the permission to troll its waters. iceland's fishing industry is in choppy waters the country's biggest fishing farm some harry is accused of bribing the namibian government for the permission to troll its waters. postmen a minnow it reminded me in a uncomfortable way of old fashioned colonizers to exploit the weaknesses of a country's government the allegations were made by former employee turned whistleblower johana stefan son who leaked thousands of corporate documents to a team of investigative reporters iceland's minister of fisheries says the blame likely needs to be shared. there's never only one person who's

responsible in this kind of situation. authorities in iceland say they'll work together with their namibian counterparts to investigate the allegations in the meantime some harry's boss has stepped down pending an internal company probe. and. hong kong has entered its 1st recession in a decade as months of violent clashes between pro-democracy protesters and police are taking their toll on the financial and trading hub of tourists accounts and books bookings retailers are reeling from a shop drop in sales and the stock market is faltering. the european investment bank will stop funding fossil fuels by the end of 2021 to help fight climate change that includes natural gas projects many europeans still rely heavily on gas to power electricity grids the bank says a policy change is needed to strike the right balance between protecting the environment and keeping the lights on across the continent. australian l.-i quantas

has completed a trial flight from london to sydney nonstop the boeing 707 dreamliner touched down after a journey of more than 1000 alice just over 50 people were on board the flight around the world including quanto c.e.o. alan joyce the journey aimed to test the effects of ultra long haul air travel of passengers and crew is the ally of the past to launch regular services linking australia with london and nagel. as your business update your own d w for me on the business africa to human berlin thanks for watching.

good to be. my 1st vice like mosul sewing machine. where i come from women are bound by this notion for. something as simple as learning how to write a bicep those isn't. since i was a little girl i wanted to have both eyes i'd lost my home and it took me years to the place there's. finally the game bob invented by me and i said those but returns because sewing machine sewing i suppose was more apt procreates for girls than rising i'm biased as no i want to meet those women back home who are boned by the

internet and social rooms and informed of old dead basic rights my name is the about of people and i work at z. them. this is state of the news after that coming up in the next 15 minutes britain's obliged team will meet but kenyans forced to make way for british cheap on tape since they've taken vacates to the un. and how significant that dating back to the 19th thirties will look why some of the books have been good in recent times. also coming up on the show. full sierra leone's as soldiers.