a survivors united in a portrait on the search for happiness in 45 minutes on d w. but she's got it all say, well, great able to work with . hello and welcome to your favorite program that 77 percent. i am your host, eddie, my god junior, with now this episode is all about inflation. what happens when your money is worth less and less every day? the up? a lot of us are feeling it in our pockets. in south africa,

we find out how inflation impacts informal markets in our street debate flourish. drucquer asks nigerians how the coping do in the canonical crisis. and in lakewood, we get up to speed with a risky trend of currency trading with. now let's jump straight into it. what exactly is inflation? let me break it down for you. now imagine you often get a bag of rice foresee to dallas, but now you have to pay for dallas. well, the same bag of rice, the cost of living has increased, but your income remains the same. that's inflation and it's rising all around a wild and south africa is not left out. so many people are turning to the informal economy to so live, for example, to avoid taxes,

which makes prizes of goods cheaper by the so called black market that sells stolen or counterfeit googe is also booming. and that is dangerous. here's why. ah, inflation has it a 13 year high in south africa. price shocks and a crippling energy disaster have left south africans battling a cost of living crisis. surging prices have outgrown fixed incomes. fuel prices increase a 10 times, but taxi 1st just to run from this a carton of cigarettes and only mix overruns are put up the no credit burner because people resort to buy a new credit. so from all cleaners to security guards, if they don't get that much of pay, a lot of them face a lot of inflation issues with price changes from time to time to get by more south

africans are turning to the informal economy, which is neither taxed nor monitored by government, south africa's informal economy is estimated to comprise over 28 percent of the nation's g, d p. it supports about 2500000 workers and business owners. one in every 6 south african workers works in the informal sector. businesses here provide about $850000.00 pay jobs, almost doubled the direct employment as mining still it's a legal gray area. the also booming black markets, however, is regarded as illegal, but way of black market. good sourced goods are mostly assessed through the but don't by having a person in the money general position, sell them to you cheap. and also that is hijacking of trucks carrying the goods by criminals. what a like a boat the boys is that they are not greedy. when they steal the call, the community legal and elicit businesses often operate side by side, alongside fuel, food and electronics. another possibly more dangerous product is easy credit. which

traps desperate people in a cycle of dead blue. we take your license said tiffy kate, we keep it here. and then we default your loan doesn't matter whether you blacklisted or what we have the session to take the car if you're unable to pay at the end of the month. but while elicit goods are in demand, the trade can do serious harm to legitimate businesses imported counterfeit clothes, for instance, under cut products from the local clothing and manufacturing industries threatening global jobs look illegal and counterfeit good. i extremely harmful to the clothing and manufacturing industry. the prices artificially deflated clothing is expensive everywhere. the problem is not the price, but the must be as and the syndicate, even among people who might actually take part in the black market. they are mixed

feelings towards it. ok my take on the black market is it's not good. it's good. i see bunky la would walk in the black market because i know my situation rebuilding south africa is economy is a tough task and for now, experts believe the informal sector will continue to boom. many people want the government to create more jobs for them or at least to create that conducive environment for business. for a long time and narrative of growing middle class painted a hopeful picture. but do young nigerians have a chance of truly attaining financial stability? on the 77 percent st debate, mike lee flows throughout spoke to young entrepreneurs, trying to build their lives and businesses against all offs. a welcome to

a buddha named jerry s capital. now nigeria is africa's biggest economy. there's so many young people here who are vibrant, innovative, working hard every day to build their lives. what recent times have been hard, they do as economy has been plagued with unemployment rising cost of goods and even a failing currency. so how are these young people coping? that's the topic of discussion today and i'm going to start with a bio me about me now. you want a small business here. now boucher kind of explain to us what you do and how you started business. a, i started a corner business, i saw it copa. there was during college in 2020, anybody saw state. and it was due to the origin seen so many di and graduates doing nothing at the end of dia and waste years. as i stood, i decided to dublin to a business that will sustain mean and i'm going to depression. by the way, i kara,

is been kick is a common snap carry nigeria and use that has to go to that because of unemployment . now how come to you? i name, how is business been for you, especially the past few years? you run a kick business. you make pastries aren't kick. what exactly has made business difficult for you? first of all, inflation has really made it difficult for us because the cost of production has almost tripled in the past one year. our profit margin keeps shrinking, and so we are, we are earning lower than we used to. we can't employ as many hands as we need, so we are not able to kitta for the masses as much as we're supposed to. all right, so i'm going to go to martha. now, you are an economist on a researcher. can you explain to us why things i like this in nigeria? i think 1st things 1st. it's not necessarily niger and problem. the world old. all of our we're seeing economic downturn and the u. s. is also facing unprecedented.

and inflation rates. ah, but that being said, that we are witnessing um, an aftermath of you know, all the academic activities that happened during cove it so now that the world has opened back up where seen people going back to work and, you know, trying to go back to the things they used to do before, however, nigeria has been facing economic downtown, even before the covey crisis. so i'm just going to you miss that, alcorn, now you walk with the humanitarian ministry now. um, why, maybe you can start by explaining to us why the problem seems to die right now. what opposes a in 2015 ah, during the campaign promises mom to promises was what was that, that they are going to create massive job for the, for the youth. so in our program, how to get up of nissan. of these you out of up to get out of these on implement

issue recruited ski oppositional programs on one of these, these are good. i got rent what i yeah, you get the road, you get it there. we do. if you want, if you are class gills, maybe as a carpenter, in masonry, a plumber, electrical engineer, automobile and julia, all the hospitality traits, all of this we give you set up that way enable you to start off on your own. okay, mr. alcorn, you're talking about what the government is doing to help young people. i'm going to come back to that point, but i want to speak with okay, you have something to say. we can give some credit to the government, but i think the, i don't dream enough in a concho for over 200 median the 80 percent of the men jump operations are youths. and you're talking about training, just 1500000. this is, it is very unfair and there's no way a control would drive me such kind of numbers. so i'm a humanity when i walk in times of eradicating longer food security and the type of

hong godaddy's in this country right now. it's not, it's on a much nipple fiano doing. they know of an issue rise up to that responsibility. we sal calling you or no. do you agree with that? i quite agree with him because 1.5 milan is jaws a like a little drop in the ocean. so better, i don't know if i tell you how much you are spending on this program on monday business. if you have one yolanda beneficiaries at 202-0000, that how much does that belong era? every month? thank you mr. alcohol. as admitted that the government needs to do more sci fi, i your to respond to that? who are the people the actually by taking a dispute around because you that really needed to be honest. i don't think you're aware because but of what were denied their book he wants support to look at it. i sense to local as one partner with the government right. to give voice these nuclear i saw that he said the trained so that we can give them access to market business. we have the information i got was that is based on who knows. so somebody

will bring 50 people from joe, bring them together, train them, other train him, send them back to just and then after have we seen you kind of going to raise the people that hadn't been trained. okay, cynthia, i was raised in about serious issues. miss alca, and do you want to respond to that? it went to the very right vertical or it is what has been happening before. i give you 1500000. we have a database, what is one point? 5? we don't just come to office now you have non just local. i'm going to give you specific numbers. our director, we have the database, we have your phone numbers, i'll tell you. call it is one. god is one. anyway, it throughout the country. you can see after we're done with the debate, but whose responsibility is it to help you solve this economic problem? is it does is solely rest on the government, or is there a way that we can all come together to solve the problem? erica. okay, so do you responsibly see,

for sustainable development and growth in our society relies not only on the government, but also the private sector also, or the non governmental audience jewels. and the cecil's but it's really crucial that i would look, it was over there, access, it was our value system. what do we ask for people who are very suckers are, are recording account of those people who are receiving much forms to do the right thing or we are just add minder typing. it also bolts on to our video people. ok, thank you very much for that. i want to come to you think, yeah, your hand was up before my hope is that i've had this conversation. we have representatives from each industry right. that we go back and implement some of the ideas that we've mentioned from changing value systems to found as do the products actually solve real problems to the government. actually focusing on partners with the private sector so that they can extend the impact of their work and to,

to more a better relationship. so that i can come get better. i think that's why we will join the call today. thank you so much to panda at least for joining us. and maybe you watching. you might not be from nigeria, but you might be facing the economy time. tell us how you're coping and what you think can be done to make things better. i would like to hear from you. thank you so much for watching by the thank you flores for that informative debate. now, if you want more about st debates, you can visit our youtube channel. you get more that i was, i was good to hear from young people with themselves on what can be done to better their situation. for example, a new generation of talented online treat as, as lenin de moves of for extruding. hold on. i've got you barks, trading is the process where a tradeoff exchanges one currency for another. what

a hope of making profit when the value of one currency rises or falls against the other. now you find out why this business model can give hope to young nigerians. i can also be risky. ah, 25 year old jeffrey benson is a forex millionaire coast $21.00. when i took and i crossed on for a founder as to what's $140000.00 in 6 months, the nigerian law school dropout has made a career out of the risky business of buying and selling foreign currencies online . and by sharing videos of his enviable lifestyle on social media. oh degree says it, some people still think maybe that he calls his came or some, it's a get rich, quick pain. and i'm like, no, this is a business symbol. you treat your quotes business,

same way you treat your oil and gas business, sim, will you treat your engineering business? does war for a student is now my routine. everything i just flipped from someone who could even barely buy a on a time and a foreigner now now i'm there now for a lot of projects, we hardly lot of houses having a lot of cars and he's not alone. researchers estimate that the nigerians involved in the forest trade now number in the hundreds of thousands of soft 20 to 20 to one . we have what we had over 300000 to with the forest tre. doesn't ranger 70 percent of them are youths? if up what 6 percent of them are women? many new traders land academies like this one, this job. so for a flock of to shoot for freedom kind of flesh that you can actually get in manchuria was sharing his cute, freely on youtube, is what made geoffrey famous. he often drops in full hands on lessons with the young people who pay to take the trading skills to the next level. i kimberly the

maya said a month or 2 caching out making money. and realistically, it's not like that. you need to study, you need to learn in the middle of last year. i say hannibal hobby and jeff, you know, 9 john guys that do 4 x m. just as a selena more, you see what's in their videos and i say, believe in him, it again cause prior to that i was thinking, i don't know any manager and as for extra so i was skeptical, while few have made fortunes in the business. it's not without risks. while we look at the gen new forest trade us, they are also fick investment tree does for us and with me through them. we'll use the opportunity of the online marketing mechanisms to law, also specs in subscribers on suspecting that you have to invest in there at, in one and end. it goes down the drain. many, many of you lost the lie civvies on the business of fick investment portfolio. even jeffrey himself seized reportings cameras and impersonators in the common sections

of his videos is a daily chore. but he insists that the risks of legitimate for ex trading are ultimately manageable. i don't think for it's high risk. i think risk that you can control is not high risk in the sense that i just like having a lamborghini for out of pocket 1st cause the nobody. right? people crush in time. yes or like having is a par bike. we hear about people leave crushing on a double par, bye, cause god, the oscillation. i also go the break. so if you know when to apply a break, no, once i apply our salary, sure. i don't think that's a risk. so it's what queues is greed. you to personnel your driving speed. so if you're greedy with money, when you're supposed succeeded, marquis i used to keep holding. then that's when schools well, you know, or they say being greedy with money. that's dangerous, but of course money in itself is not a problem. if i make just the right amount of it,

i'd love to higher multiple. i was when architect romantic, i to okay to design my future house. now, he is trying to build the africa of the 21st century with a focus on sustainable design. but push him back against increase in about sprawl. is proven to be his biggest challenge. smooth lines, open spaces, and purely minimalist. this modern piece of architecture in the good woman neighbourhood of kootenai is the brainchild of romantic atoll. keep bucking 2013. the young architect found at his own firm in perry, in 2017 room arik moved back to his home town. could to noon, inventing a master of his craft, he's forced to find details that most people would miss up at the wheels on the 2 horizontal lines covered the entire extent of the house. these very clean lines marked the peculiarity of what we have as an architectural work. remarks agency

tries to focus on sustainable construction while keeping to assign budgets. not always easy in the architectural world, his aim, building and africa for the 21st century. but he says, there are still a few, a static hurdles to overcome with more and all god, there is all is, well unfortunately we still have visible phone and electricity lines yet not ones which run under ground. you can see behind me that there are lots of poles that make the building a little ugly. so we don't see its full architectural beauty. we have no choice and we have to live with it to many level, but that's what also makes our african cities so charming as opposed to the south africa, some the movie love. again. romero reluctantly admits he's not a fan of local architecture, but he's also quick to point out to the african continent diversity in building style one. i'm not too keen on the architecture you find in africa. it's not an easy thing to say. but the architecture that you find in as

a hellion country like molly, is not the same architecture that you will find in the country like beneath which is on the coast. another challenge you face this is pushing back against increase and urban sprawl. but despite all, perhaps because of these challenges, remarried is clearly proud of his profession. although we are talking to on us in with them, i would say being an architect in africa today and particularly and benign, is a noble professional. it's a job that keeps a man alive because being an architect is something else. having an intellectual background allows you to offer something that meets the needs of a certain clientele, not the job. why don't you i bond or dissolved and said in class then. so to room i, i took a weeks together when his clients to create their vision. his services don't come cheap. lucy, for me. i did not choose romero at ok for nothing. i already know that romera got

okay. knows what he's doing and that he's good with this in this is where all the action happens here. remark is built in the family villa. he believes a handsome attitude is vital to see his vision through. but that's not so common in benny. last article, i think one of them were look at most i grew up about do nuclear. most of our clients do not understand what an architect is for them. the architect draws the plans, but he does not come to the site. the engineer is the builder. they fail to see the value of the architect, because an architect, he thinks he creates, but he is an artist. he came so knocking at the end of the day, remarried lest the finished products speak for themselves. oh, that's some really cool stop, isn't it? talking about what's cool, how about sustainable fashion in come, who lives in guanine 1st worked in the oil industry before becoming an award

winning fashion designer. a method is authentic and made with love or style. and the environment ah said against the lush green jungle limby in cameroon could be a beach paradise. but the fine dark sand is hardly visible under a sea of trash, even after a clean up. it takes just a few days for plastics, textiles and other rubbish to pile up the trashy look of limby speech inspired award winning cameroon, in design. allison grannie, to make clothes that would never drift unloved and unwanted. the textile industry all contributor to 4 per cent of michael plastics and i think it is a big issue. it's one of the most polluted industries. and oh, i think the 2nd industry aka patrol saw is how we started looking at cuts in tao. this pollution penguin actually used to work in cameron's oil industry,

a sector not exactly reverse for sustainability or environmental best practice, since becoming a full time fashion designer and putting all her efforts into models mode gwanae ames for sustainable fashion. from 1st thread to the catwalk. i actually started in mesa and you go in and very passionate in price shine. i decided to look how this tool could merge together. so i found that my brand i'd ever did, it's a culture brow, which is my was flawed. our mission is to use partial us a tool for social and environmental change. and now i also just found that this initiative didn't always function which is to cut tao with our we have started with text i with the no waste factory literally uses textile off cats from other tailors, sandra m o volunteers. so i just want picking up the wrist for the $10.00

a year at the remaining farm is sent out by the read them. so the count transformed the whizzes so useful materials this with people ticket indeed pulling, pulling literally a roman. i was trying to set up all since we just edelman couple rashawn. so that's one more to be a day. me be a one until august factory. so we can use the we is transforming realty footnote got from you stuck on stuck on short keys. i found myself, i forgot to run you short on them for them. but what would recycled classic textiles be without some super stylish new designs. based on bespoke art that's in touch with traditional could tour into search. zoe, just one of a number of artists with whom my bos mode collaborates to different one is creations. a truly communion touch. my odds are usually people buying it and put you on the walls. so it's a new and beautiful family to someone who actually when it's gone. and also the

perfect dress or wrap is more than just a garment. it tells a story and includes something in tangibly important to each new customer freshness and language. so i think the story lines are the most important thing you could do to make traditional art enjoyable. again, with any luck, linda speech will soon be known as a site for showcasing sustainable style, rather than forgotten textile racks. good job, limby, sustainable fashion is indeed the way to go. i should all do our parts to protect the environment we live in. and that is how we wrap up the show. hope you enjoyed every part of it because i said singly, did i am eddie micah junior. thanks for sharing your time with me on. see you soon . i'm done with a everybody was money. money. with

that much money with . i don't need that much money. money, money, money, and i think that everybody with a ah, with

find some dig today, which in my family because you from a family i'm here where others see a desert. they see hope survivors united in portrait on the search

for happiness in 15 minutes on dw. yes, i understand what's behind them. d, w, news, africa. the show that the issues have been the continent. life is slowly getting back to normal. yeah. where on the streets to give you enough reports on the inside of our cars find that was on the ground reporting from across the continent. all the trends doesn't matter to you 90 minutes on d. w. o. o many push it out in the world right now. the climate change. if any, off the story, this is my plan,

the way from just one week. how much was going to really get we still have time to go. i'm going all in with his subscriber. all morning, like guardians of truth. my name is john kinda and i have paid almost every price of being a journalist in a country like turkey taking all the powers that be they risk everything john, don't dar, asks activists, journalists and politicians living in exile to with too much on my shoulders. but i have to hold this weight because i'm responsible for the future fall country for the people who are behind the bus. they live for their mission. people need to

know what is happening there in our series guardians of truth, watch know on youtube, d. w documentary ah, ah ah, this is dw news live from berlin. donald trump says he expects to be arrested next week in a clear reference to him still trump posted data quite leading republican candidate and former president will be arrested on tuesday. it's understood to be in connection with an alleged hush money payment made to an adult entertainment actress.