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beethoven is for cars. beethoven is for the most. beethoven 202250th anniversary here on display here. germany's blue chip index welcomes a newcomer so why is a home delivery rather home food delivery service now rubbing shoulders with adi das and b.m.w. to bring you up to speed. also on the show south africa is rich in sunlight and poor in solar infrastructure local startup wants to change that by drawing in small investors around the world. and turkey's tourism sector is cautiously optimistic as visitor numbers rise many businesses say they're running out of time. welcome to

the show i'm stephen beardsley in berlin deliver hero is the newest member of germany's blue chip dax index a place in the insolvent and scandal hit wire card the food delivery firm boast broad reach and growing revenues but it has yet to turn a profit let's take a look. delivery hero paint itself as the disruptive dynamic new player in the global food delivery market 9 years after it was founded in berlin it owns apps in 40 countries and it's just driven its way on to frankfurt dax i feel this is a very good step for for tech companies in general in europe and especially in germany and we hope to be followed by a lot of tech companies in the future and to prove that they're actually the right place to be for tech companies and to have its own foreign giants like what you see in the u.s. and in china delivery here replaces a company that was also once lauded as the hip new kid on the block online payments

firm why a card but that german success story ended with a scandal driven fall from grace delivery hero is keen to avoid any comparisons. different business model different industry. compliance compliance departments back to 2016 already been generous so we take compliance extremely seriously. think the only thing we have in common is very german company because in germany. despite an established global footprint delivery hero is yet to deliver a profit it says its focus is on growth and will be for the next year or so simple . over the after now where new figures show that in nigeria the coronavirus pandemic has taken a heavy toll on the country's economy new figures show that the country entered negative g.d.p. growth in the 1st half of the year a nationwide curfew bans on international and domestic travel and closure of

markets each contributed to a 6 point one percent contraction compared to the 2nd half of last year brings an end to a 3 year run of positive growth in the country. well today in south africa 95 percent of energy is produced in large coal fired power plants but by 2030 the government envisions that a chunk of the country's energy will come from renewable sources like wind solar and hydro power a some smaller companies are already getting an early start on the transition. one year ago the protea heights academy school in cape town when solar without having to pay for installation this system was financed by a crowd funding platform the idea small investors buy panels and earn an income from selling the electricity to the school that is using them. like this is a mess so far abraham cambridge is crowdfunding platform quipped over 30 schools and companies these lines within 5 years they plan to have more than $200.00

additional systems installed. so if you want to put money in solar panels for an environmental reason put them in south africa you're offsetting $8.00 times the carbon emissions by the side of an hour here it's africa than it would do in germany for example and you're getting twice as much electricity out of it so it just makes more sense to put a solar power away you create more social environmental and economic impact and for the school solar energy is cheaper than power from the grid with investments as little as 4 euros senates change is also open to people with less income in fact many of the pupils and protea heights invested in the solar cells themselves wendy horne the school's former principal says that the project also brings another benefit besides clean cheap energy so we need always that yeah kids are so excited aliveness to actually get evolved into pinero things and actually buy still sells them selves and see how the money would increase or decrease or whatever i mean it was it created

a huge interest in nearly excitement and then just what do you want to teach our children for the features into premier or skills innovative models to fund and produce green energy are urgently needed in south africa the government aims to produce a quarter of all electricity from renewables by 2030. and i'm joined now by abraham cambridge was featured in that piece and is founder of sun exchange abraham welcome to the show you said in that piece that you get more bang for your buck basically investing in solar when it comes to clean energy i take it that energy production right now in south africa is very very dirty yet the energy mix in south africa is one of the toughest in the world in fact the. soccer is about 1.3 kilograms in germany it's about less than point $3.00 so you're looking at a huge. carbon in who are the investors for sun exchange walk us through the.

crowdfunding platform when you can donate money to projects and get things kick started a new way of opening the panels if you will sat in an apartment and you might want to be generating solar power for economic environmental reasons. to put solar panels on through some exchange the click of a button you could have a tunnel deployed on top and one of the sunniest places on earth so the people who use something to change all of the areas from all walks of life from many countries our latest project was to our wine cellar here in south africa 500 kilowatt system about people about 85 countries around the world. to power projects it really is a very diverse. from around the globe so a diverse group of investors why are local utilities making this investment. well the projects we deploy are on the smaller smaller scale and utilities generally

care about big scale generation you know centralized power stations the future we believe is embedded generation solar panels deployed at the point of use and those projects tend to be too small for major project finances to care about but at the same time these are the kinds of high social impact projects that many people around the world want to see deployed so people who want to see schools and education powered by solar energy and then make an income as well this is the kind of product which is ideal. impact investment orientated mindset we see that south africa has a plan to go to more renewables in its energy mix what does that mean for companies like yours in terms of scaling up and selling back to the grid is that something that's possible right now or in the future yeah in cape town specifically we are now already exporting power during times when the producing so so school for example the school energy consumption has dropped so this is being sold to the grid which is i'm being used as we go forward i can imagine

a future where the utility and decentralized energy producers so edge produces will work together so when the grid is under strain they can the door energy from solar power produces smart grid which is especially to be revolutionized when things like batteries and batteries are deployed into grid roads mccreight of smart grid whether we can work together to make a strong dynamic grid all right abraham cambridge founder of sun exchange thanks for joining us there from think scarse. or i was to look now at some of the other other global business stories making headlines. technology firm v n g. is suing popular short form video app tick tock saying it does not have adequate licenses for the songs being used in its videos of says the chinese own companies using audio tracks owned by using its v a g subsidiary without the company's consent. american social media giant facebook

has reached an agreement with the french government to pay $106000000.00 euros it's around $125000000.00 u.s. dollars in back taxes going back to 2009 the tech giant also agreed to begin paying taxes on advertising sales to french companies significantly raising its tax burden in the country. britain's biggest retail grocery chain tesco is creating $16000.00 permanent jobs to be surging online grocery demand due to the coronavirus pandemic most of the jobs will be taken by temporary staff recruited during the pandemic test goes online sales have doubled in the crisis to around $7000000000.00. well tourism hotspots around the world have been devastated by the krona virus pandemic and turkey is certainly no exception however tourism leaders believe the industry could still generate a healthy 15000000000 dollars this year they see a slow recovery despite the pandemic the rising number of international arrivals.

at 1st glance the stumble looks as lively as it did before the coronavirus crisis. but if you talk to shopkeepers in the touristy areas you'll only he complains there are still hardly any foreign visitors and the frustration is growing by the day. we hear from morning till evening but we sell very little sometimes just one severe a day sure. all of us have debts we aren't selling anything we can't pay our rent so it's a low season ottilie lost because even luxury hotels like the parapet are in crisis mode because of the pandemic and into. the building is one of. us and manager john proudly shows me how beautiful it is. the hotel was billed 130 years ago for the passengers of the legendary orient express today

guests are staying in rooms once graced by emperor presidents and movie stars. or agatha christie who wrote crime novels here. at the moment though most of the $115.00 rooms are disinfected and abandoned. $21000.00 was a very successful year for a pair of us out there the occupants are right there was the changing between selling the person to a 95 per cent about at the start of 2000 with the run to. the rise of the epidemic pandemic. first. around the person 10 percent to 0. since early august holiday makers have been returning mainly from russia because the government there is allowing flights to techie again and. some action has returned to antalya as pools and towel owners now hope they can extend the

summer season far into autumn. at the para palace they also hope for better times the hotel survived 2 world wars it might also a survivor pandemic. but everyone here knows it will take time before tourists come back in large numbers and marvel at the sunset over east on board from the terrace of the pair up palace. and that's it for me in the business to hear yourself a lie d.w. dot com slash business also facebook and twitter i'm seeing there's a bitch watching.

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and explore this amazing world heritage sites. w world heritage 316 get enough snow. this is africa on the program today the storm in a twist of post south africa's finance minister has been reprimanded for calling all exempt is president on twitter to its own poll when you trace him to mobilize the president and google didn't explain why he fired the country's sinful bank governor when he has since backtracked but what is to be made off this development in zambia. and have big health milestone the death you say to decay africa polio.