this is the w.'s line from the alpha's is up next with business africa in just a moment some more news at the top of the hour in the meantime of course as always the website link up you don't go into. that you don't need to keep a date on the people both for the over the direction home the force and for the most news in that. the families are. called to hold. on. to the foot is the game here for detail the. complaints to talk about. this

coverage. 3 more cool. people we have. let's have a look at so many of them around the league you still shaking in their boots the green just fine for me so you don't want. to just go. w. . time is running out for south african airways flak areas crumbling on the $1900000000.00 of debt and the strikers crippling operations while the government any other choice and to back it with charts private payers money. is becoming africa's poster child for foreign direct investment i'll do it's causing with trade stalls those. and africa's oil exporters are relaxing legal rules to entice foreign investors

investors. but is it too little too late. this is business africa. south african airways is running out of caution could be liquidated if the government doesn't give it additional guarantees soon a board member said on wednesday trade unions are also threatening to escalate a crippling strike that started last week the wage talks turned sour and said it plans to cut almost 20 percent of its stock off state don't. stop losses of almost $2000000000.00 over the past 13 years. late last week thousands of south african airways workers embark on an open ended strike they want higher wages but the company has rejected their demands and threatened layoffs hundreds of flights had to be counselled as the strike got underway. passengers reacted with more or less empathy i will never fly fly again and i've got to get that

phone come back to me what i said to south africa. just being so inconvenient costing me a lot of money you know ok the company was pretty helpful you know. i didn't have a ticket but they putting me on another flight workers may have a point i don't know all the intricacies of it but i am very fearful for the economy because obviously to speak can't afford it in this country the ses news ing out the economy is musing out and it's not good for you this to confidence. the strike is compounding the crisis gripping s.a.a. the airline is deep in debt despite several government bailouts it's not posted a profit since 2011. the kashyap government says it can bail the carrier so its financial woes could see it grounded permanently. of the financial crisis as a as a key test of president's circle around the process pledged to fix bloated state

firms but the government has said this week it will not throw money at the failing company let's bring in our correspondent us from girl in capetown will remove those up in the end have no other choice then come to essays rescue with taxpayer money well that's has happened over and over again right these bailouts it's been so many many over the years and although you saw people in the teacher saying like ok we can't do south african airways there's also more and more people here in south africa that are actually saying or so i'll march taxpayer money going to south african airways and not is enough look what we know now is that they probably won't do another bill out this fiscal year south africa is over the under huge fiscal restraint. so what what hamas has done so far is is sending his minister of public enterprises who are the very capable minister and to you know suicide african airways as you try and folks sense into them saying to to strike us like this we

have to restructure our ways this company will survive that will mean job losses and we also call on the force the increase in salaries that you're asking for and see the asking understand it because otherwise this company may fall and all of you will lose your jobs that was what happens if indeed goes under what does it mean for the south african economy. well some african airways itself actually was quite hopeful still today they've been saying that they've been speaking to that accent that they've secured loans of one of them 20000000 not enough of course to cover that but at least they're saying it could keep us afloat a little bit longer though now of course the debt is in greece and which with this crisis will mean that at least $5000.00 jobs will get lost and that in a country where you are already looking at 29 percent of unemployment that of course is not just as the employees but also a lot of contractors so indeed it will be very severe for for the economy of south

africa and also to lose that branch i think that's also something that yet the government is not willing to. listen to other thank you very much. no the compacts with africa is an initiative aimed at bringing more private investment to african countries it's called compacts which is not for africa because it's all about building a real partnership this week the german government hosted african politicians to lots of smiles and encouraging talk but a closer look shows that germany isn't doing that well it's this close a look france a former colonial power is leading foreign investor with direct investments at 64000000000 dollars next is the u.s. with $50000000000.00 followed by china with investments worth around $43000000000.00 germany is lagging behind with only $10000000000.00 over the past 10 years german investment in africa has been stagnating while china's investment rose rapidly as the country has discovered the continent as

a lucrative market. awards also be thanks to a rising middle class that is projected to grow from 150000000 people today to 600000000 people in 2030 times the german investors to see the rising on the walls still some german companies are investing more in africa and there are good examples of progress as our next report shows. it's on the sidelines of the compact with. investors and policymakers from across the continent break the ice and lead the seeds for future economic cooperation deal you reform and capital will flow rwanda has led the way from civil war to economic. you can register your business within 6 hours you can file your taxes online and these are some of the services that really try to really make sure that

we improve on efficiency and that's what has made around and now the 2nd easiest country in africa to do business by the world bank rankings and investors agree folks walk in has opened the plant for electric vehicles siemens is building the charging network and a local startup has seized the chance to create a car sharing app it's win win and sustainable. you bring and build we're bringing education investment and infrastructure and actually we're not extracting too much raw material. with success comes self-confident and the prospect of a brighter future rwanda's economy is growing at 8 per cent per year and now that we have the continental free trade area women which has created the largest trading block in the world by stablish in yourself in rwanda you have access to the whole continent africa is on the door but german firms are still barely on the road there

the change is coming investment have increased in the last year by 10 percent. well the need for foreign investment is driving many african states to make it easier and cheaper for overseas companies to keep their oil and gas flowing from ghana to go beyond governments easing terms to lure investors the change in strategy follows decline in oil production and on golan cameroon and disappointing bid rounds for licenses in ghana which now plans to allow companies more leeway in where and when they can drill on goal is also revising laws and plans to privatized all assets these moves show that the era of $100.00 a barrel is over the prize for brant crude has fallen over the last 5 years to now 62 percent 62 dollars a barrel and as we knew a bulls and efforts to cut fossil fuel consumption gained ground concerns are also growing that the world will not need as much of africa's oil as it did in the past let's talk about this a bit more brain n.j.

are you he's the chairman of the africa energy chambres and also of multiple books on the africa's energy sector n j how dire is the situation for oil dependent economies in africa. it is it is troubling what is going on or depend in a common economies around africa they have basically relied on oil and gas to relief on the budgets of the economies and drive growth so when you put when your prices plunge and did no longer 100 we really take it we really take it big in the muley fresh structure in new social spending and they have to cut budgets and so it's very easy it's not a very good time it's picking up but it's not like where it was in 2014. we've had that some countries are trying to ease legal restrictions will that be enough to entice western investors. it is showing some signs that it is going

to be an easy going to entice with investors but we have to do more we here really have to create an inebriated environment to attract more people to put money in exploration you know a lot of people right now with energy translation and. climate change issues do not really want to for an exploration programs but this is a bit it's a good friend dynamic shift and you would see a lot of that in the upcoming african he chambre report that is coming up at the end of this month you just saw us last week a big big just covering gonna buy an african firm but also if you look at got blown you look at ghana you look at angola the are looking at is the i'm looking at to see how do we ensure that we can still i track those companies like before because the good old days have changed they we have to do something different we have to make it actually so that people can invest and people can really do and our

companies don't really develop that but we have to change that it has to be a focus of on gas and not crude because gas is really going to deal with icahn a means to create what i suspect are chemicals different kind of jobs and it would really create power plants because 650000000 people do not have power it's time for us to get world icon on the scene all africans and we need to really push governments and shrive governments to do that those changes and it's tough but you have to give something you get something you know it's business not charity and we have to continue pushing it. it's thank you very much. thank you so much thank you for having me. before we go a quick look at some other business stories making headlines today from satellite specialist hall as space is about to launch a geostationary satellite into orbit for european operate. the 3 and

a house on spacecraft will provide low cost high speed internet to most of africa as well as southern europe says they to package rates will be affordable on african average incomes. planned arbitration talks to help end the strike at lufthansa have been cancelled at the last minute germany's biggest airline has been facing the largest strike in its history a local but having proved. over several days unions demand better wages as well as improved conditions for temporary workers. and that's it for me and the business team here in berlin africa with christine is up next right after.

the talk show. strong. clear positions from international perspective. every week we get to the point on our current topic. england. is committed. to do more to. do you don't know because of. this you know i mean in your manners and going.

on in this unit i'm with what i'm organize you know i'm not going to sit there i'm . going to you. can only serve but i couric a number of the really fun to. this is africa coming up in the next 15 minutes the children forced into marriage we'll bring you the story of a child bride in nigeria who was locked up by her family after she refused to return to a husband. and zimbabwe's backstreet hurts doctors and nurses all striking so women are turning to unqualified mid why.