much. well this is d. w. news live from berlin coming up african countries hope to capitalize on account of this as a global trade sassed for the drug gets underway in cape town has has more on that in business africa in just a moment's time of course you can always get the latest news on our web site that is d.w. dot com i have been home free in balance thanks for your company and. welcome to the what is he doing here or do you still believe we're trying to talk about something. that's.

not nothing out of the gym well i guess sometimes i am but i'm standing up in which we germans digs deep into the german culture looking at the stereotype the question but if you're thinking see the countries that i'm playing. piano music scene ridiculous drama there you go it's all that. new i'm rachel join me to meet the germans on the w. . post. looking for the next economic high why not try count of this countries like that. perfect conditions will bring a drug that's been legalized in many markets and has many uses beyond just getting stoned. and leave with. the baes tiffany for

$16000000000.00 us dollars bling bling match made in heaven. south africa's credit amendment bill mc to solve the country's credit crisis providing personal debt relief on a large scale would drive millions of people into the arms of a loan shark. this is business africa as well come against a backdrop of growing african interest in medical marianna cultivation to supply a booming global market the global cannabis trade fair can attack kicked off in cape town on sunday hundreds of researchers and businesses tending the fed to discuss therapies cultivation methods and profit outlook africa could become one of the biggest growers in the global market for legal cannabis. both countries in north america and europe taking a more liberal approach to the drug nations with the right growing climate know the potential for

a booming market is high the southern africa is leading the way and industrialized marianna production this sort is ahead in acting reforms to enable exports of the drugs that are expected to start this year south africa. also handed out the 1st licenses for legal kind of us farms this year so experts expect commercial production of cannabis in africa to grow rapidly over the next few years british market research group prohibition partners as soon as the value of africa made cannabis and related products could top $7000000000.00 u.s. dollars within just 4 years. but our correspondent in cape town for us ellis it could africa become the wheat grow for the world. yes you said that the climate is i do not. mean the situation out in the kind of just to do it said it will be key not. just say hi there and solicit to

decide a couple of years. to cultivate and medical and more and the city and boston. new conditions and now one more piece is. best in the soup to me from canada from the us and following are as you said south africa now and then also and there's other african countries looking at me in that. what kind of potential is there economically for cannabis products both recreational and medicine. well domestically i mean if you look at south africa and south africa basically what they've said that it is not just for medical use them for research use which is a case of soup to and in some but here as well people will be able to use it privately

it's not a lot yet these things are meant a lot but i don't mean that there is a big domestic market just in south africa and particularly for both of you and of course more of our people are somehow discourage the use of cannabis not for medical reasons and so part of it will be used properly in africa but a big part of the set will be export to countries that are interested like like canada and us and other western countries briefly how important is the the local market for cannabis. and soon a little longer takes its customer to see how big i share with you because it's a set up so far i can't it's has been used here but made eagerly so that it's hard to estimate how distance the what is needed is so important to see as well is if you look at growing up habits there is also a little bit of an if say not me feel ok suit you and that is that and licenses to

grow are her extensively about 30000 euros yearly and so there's a little bit of a debate on when you're slow are people in the city don't profit of course will be actually jobs but what about this business men need also want to cultivate and have us how how easy is that going to be for them so is it just going to take you know what i wish the companies large our business here is our local businesses in the region and that henry and. ellison go there thank you very much ali baba and the a philippine government have announced plans to establish one of ali baba's electronic world trade platforms in ethiopia the platform is designed to bring the benefits of globalization to small and medium sized companies facilitating cross border trade and just takes services this is the 2nd electronic world trade

platform in africa and it becomes part of a public private network now active and reserve europe and africa. friends luxury goods giant a f.e.m.a. has clinched the takeover of u.s. jeweler tiffany takeover is a win for both companies many analysts say tiffany has been trailing rivals in sales growth in recent years and the mh hopes the deal will boost its presence in the u.s. the mh is owned by francis richest man. its fashion division includes prestigious brad scythe with tall christiane the awe and consult its watches and jewelry section comprises bulgaria and todd high out of a have ages also represented in wines and spirits buying wish on the all that's also active in the hotel business the $16200000000.00 deal will be made his biggest acquisition to date a luxury brand as american as skyscrapers now to be taken over by l b m h

a luxury group so european that most people have trouble pronouncing its full name u.s. jeweler tiffany is one of america's few luxury brands it's a bit old fashion and is looking to gain some credibility with a new generation of customers paris based l d and h. believes it is just the owner to manage the transformation it owns a portfolio of $75.00 fashion houses and upmarket brands it tightly control the image and distribution of a range of products to keep them profitable and aspirational now the mh had revenues of nearly 47000000000 euros last year. most of it from it's leather in fashion division with brands like louis vitol and the your it's luxury department store holdings are nearly as big tiffany will fit into its watches and jewelry division currently one of its smaller units. the mh says acquiring tiffany will

transform its jewelry business and strengthen its presence in the united states as luxury shoppers in asia are hit by the global slowdown. that is of all the other global business stories making headlines today has been refused a new license to operate in london transport regulators say that decision is based on safety concerns by tailing services faced allegations it's being put been putting passengers of risk as well as opposition from drivers of the iconic london texas. has received nearly 200000 orders for its new electric pickup truck to sponsor the barest loss last week the much hyped unveil it went off script when the cyber trucks windows planted twice as wide in the bus bragging about the strength of the class tesla's share fell 6 percent after the launch. south africans are being crushed under the weight of

personal debt national amendment bill is meant to ease their plight but offering writeoffs the banks are against the bill saying it will make it harder for low income workers to find credit in the future. private lending in soweto is dominated by a network of illegal known shocks known as smash and he says they challenge interest rates as high as 50 percent. mountain mcgeady suffers from a chronic lung disease and urgently needs money to see a doctor. the 42 year old racked up substantial credit card debts and then lost her job so. now whenever she needs extra cash she has to come here. having to go into this like blowing money like 1st we know it's illegal but. you don't have a choice and things don't always work out doing one thing to. do had made them to

do the different. most mashonee says are not evil criminals preying on the vulnerable they often live on the same street as their customers and provide easy access to credit when cash is needed without the lengthy application process required by formal lenders. sisters and places are business partners who usually of 1st small loans ranging from 10 to 100 euros. they say lending money is a risky business. it sometimes calls for tough action if the loan is not paid back . over you take the t.v. something that will. make them and that will believe them and big that they will. then if still the money is not. in you then i say whatever it took to recover maybe . their business may see more clients in future now that the controversial national

credit amendment bill has been signed into law it will provide debt relief to those on a low income. but managing director of the south african banking association cask believes the bill will do anything but bring relief he fears it could cost banks up to a $1000000000.00 euros and ultimately deny the poor access to formal credit channels. if either expand it obviously there is a cost to the banks and the banks pay that and that's what brings a risk into the system that is what brings uncertainty into the system as a result of that bank for a contract that ended in that particular market so. the brand is a truly borne by the low income borrowers more than anyone else. credit institutes have already announced that they will toughen credit regulations for the income

customers. however while the legislation may push many into the arms of motion he says marvin the good he hopes it will be implemented soon. so we could be in case but it can be such a relief. because the state for the beings in one. is tough really tough for most of. the national credit amendment bill is set to be fully effective by january 2021 which gives banks plenty of time to negotiate with the government and potentially make it palatable. that's the funny of the business james story. starts. right off this.

earth. home of species kohan worth saving. given those are big changes and must start with small steps. dio's tell stories of creative people and innovative projects around the world.

news that created the climate goosed shots and resources should be. interactive content teaching the next generation of women took such action. channels available to inspire people to take action. and were determined to build something here for the next generation the idea is for the environment series of global 3000 on d w on. africa coming up on the program it's alarming and it's time to take a. spent a troubling that only toward discoveries not in asia not in that tsunami a car enough recalled in new york to help victims of sexual violence and i can say is up to most of them so i'm leaving the inside those undecided months is a way to really keep them.