the markets are boarding school is leading the way run like a small business. it is self sufficient and economically successful. in 60 minutes on d w. they want to know with love and banning thing that's away from it, but i'm not even know how to work my own god and everyone with later holes in every day getting are you ready to meet the german can join me right? just do it on d. w. 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. i asked nigerians how they are coping through and economic prices. and in lagos, 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, your cost of living has increased, but your income remains the same. that's inflation and it's rising all around a wild south africa is not left out. so many people are turning to the informal

economy to survive. for example, to avoid taxes which makes prizes of goods cheaper by the so called black market that fails, stolen or counterfeit googe is also booming. and that is dangerous. has why? ah, inflation has hit a 3rd junior 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 the 10 times the taxi 1st just to run from this a carton of cigarettes and only makes overruns, are put up the no credit burner because people resort to buy a new credit for 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 in formal sector. businesses here provide about $850000.00 pay jobs, almost double 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 bud done by having a person in the money general position seldom to you, cheap. and also that is hijacking of trucks carrying the goods by criminals. water 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, the vault, 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 formal 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. there 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, one of the governments to create more jobs for them or needs to create that conducive environment for business. now 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 debates, mike lee flows throughout spoke to young entrepreneurs, trying to build their lives and businesses against offs. a

welcome to a buddha named jericho capitol. 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 a 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 dorian cove eat in 2020. anybody just eat. and it was due to the ojo seen so many d and graduates doing nothing at the end of dia and waste. yes, as i said,

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 as a group 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 of unprecedented and inflation rates. ah, but that being said, i, we are witnessing um, and after myself, you know, all the i'm economic activities that happened during co village. 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 will corn. 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 happens is a in 2015 ah, during the company promises want to promises was what was that, that they are going to create massive job for the, for the youth. so in a program,

how to get out of lisa properties you out of up to get out of these on unemployment issue recruited ski opposition programs. on one of these, these are good. i got rent. what i get you got there. oh no. to get it there. we go if you want, if you are quiet skills, maybe as a carpenter, in masonry, a plumber, electrical engineer, automobile and julia all in the hospital, it treats all of this. we give you a 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 200000000. the 80 percent of the name jump operations are youths . and you're talking about training, just 1500000 this is, is, is very unfair and there's no way i can sure would drive with such kind of numbers

. so i'm a humanitarian and i walk in times of eradicating hunger on foot in 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. miss alcorn, you are not in you agree with that? i quite agree with him because 1.5 milan is jaws a like a little dropped in the ocean. so, but i don't know if i tell you how much you are spending on this program on monday business. if you have one belonged, a beneficiaries. i did 2000, that's how much does that belong? narrow every month. thank you, mr. alcohol. as i admitted that the government needs to do more sci fi, i your to respond to that. who are the people that actually by taking a dispute? because you that really needed to be honest, i don't think you're aware because, but of already not their book, he was supposed to look at it, i sense. so they'll kill as one, but nobody got mensray to give voice these nuclear. i saw that he said,

the trained so that we can give them access to markets business. we have the information i got was that is based on who knows room. so somebody will bring 50 people from joe, bring them together, train them, other train, and send them back to just. and then after we seen, you kind of going to raise the people that hadn't been trained. okay, cynthia, i was raised in about serious issues. mr. alcoa, do you want to respond to that respond to the better, right? we are 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 got off is now you have not so good. i'm going to give you specific numbers . i'll direct you. 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 sorely rest on the government, or is there a way that we can all come together to solve the problem?

erica. okay, so do you responsibility for sustainable development and growth in our society relies not only on the government but also the private sector also, or the non governmental d and jewels and the csr. but it's really crucial. i will look into us over there. as i said, was our value system, what do we ask? people who are very suckers are, are recording accounts of those people who are receiving much forms to do the right thing. or we are just a reminder. so i think it's also bolt antoine, videos, people. okay, thank you very much for that. i want to come to you think yeah, your hand was up before. my hope is that after 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 product actually. so the 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 more a better relationship so that i couldn't become get better. i think that's why we would, because today thank you so much to pine, at least for joining us. and maybe you watching. you might not be from nigeria, but you might be facing the court on time. tell us how you're coping, and what do you think can be done to make things better. i would like to hear from you. thank you so much for watching. bye. thank you. flores for that informative debate. now, if you want more of our street 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 talent had online treat as, as lenin de, moves of for extruding. hold on. i've got you,

folks 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 1000000 in coast 21. when i took and i crossed and for found the us with turner $40000.00 and $6.00 met 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, is it some people still think maybe that causes 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 in 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 a lot of houses having a lot of cars and he's not alone. researchers estimate that the nigerians involved in the forest street now number in the hundreds of 1000, but soft pointed 20 to one. we have what we had of what 300000 to with the forest tree doesn't lend you. 70 percent of them are, it's about 4 to 6 percent of them are we make many new traders land academies like this one this job soon for lack of give sure freedom kind of lifestyle can you can actually get in manchuria while sharing his cute,

freely on youtube is what made geoffrey famous. he often drops in full hands on lessons with the young people, pay to take the trading skills to the next level. i kimberly the maya said a month or 2 caution 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 here in about happy and jeff, you know, 9 john guys that do 4 x. and because i say for him while you're watching the video and i said, believing anything. and because prior to that, i was thinking, i don't know any niger and i the for extra so i will, skeptical while few have made fortunes in the business. it's not without risks. why we knew that the gin knew for a trade out. there also fick investment, trade 1st investment through the will use the opportunity of the online marketing mechanisms to law, also specs in subscriber zone. so spectrum and you're investing in one and end. it goes down the green many, many last year,

life savings on the business of fake investment portfolio. even jeffrey himself sees reporting 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. the, i don't think, i think as risk that you can control is not high risk in a sense die just like having a lumber, guinea for id, so fast car. there, nobody. right? people crush in time. yes. or like hardness a par bike. we have are people is crushing on the double part by cars. gord, yes. solution. i also go the break. so if you know when to apply a break noise player, so there isn't, i don't think that's a risk. so it's one q is greeted uti personnel. you're driving speed. so if you're greedy with money, when you're supposed to, exec marquez used to keep holding. then that's when q, well, you know, they say being greedy with money is dangerous,

but of course money in itself is not a problem. if i make just the right amount of it, i would love to higher multiple. i was when i contact romantic, i talk 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 and above 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 quote one is the brainchild of romantic atoll keith. bucking 2013 . the young architect found at his own firm inquiry. in 2017 rumors moved back to his hometown could renew, impending, a master of his craft. he's forced to find details that most people would miss. papa always ought to her as on to lines cover the entire extent of the house. these

very clean lines mark the peculiarity of what we have as an architectural work. remarks agency tries to focus on sustainable construction while keeping to assign, but it's not always easy in the architectural weld, his aim, building, and africa for the 21st century. but he says, there are still a few aesthetic handles to overcome bazemore in all god, there is o 4. 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. reza, fellow, citizen, governor sam denovia, again remarked 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. 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 in urban sprawl. but despite all perhaps because of these challenges, remarried is clearly proud of his profession hold. we are talking to her 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, enough to talk you. i bond overs world and so then agree on then. so to room, i took it well together when his clients to create division, his services don't come cheap. for me, i did not choose remarried out. okay,

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 beneath that article. i think one of them will look anamosa 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 could. so notice at the end of the day remarked let the finish products speak for themselves. oh that some really cool stuff, 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 jangle 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 come a ruin indesign ellison grannie to make clothes that would never drift unloved and unwanted. the textile industry contravir took her to 4 per cent of michael plastics and i think it is a big issue is one of them was polluted industries. and oh, i think the 2nd industry after 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 revert for sustainability or environmental best practice, since becoming a full time fashion designer and putting all her efforts into models mode. granite aims 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 and every day it's a culture brow which is my was flawed. our mission is to use partial as a tool for social and environmental change. and now i also just found that this initiative then, always fracture which is to cut down with our we have started with text i with the no waste factory, literally uses textile off cats from other tailors, sondra 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 pick it on day one, pulling lives in the environment. our trying to set up or gentlemen just ever made up of nissan. so that's one more to be to me via volunteer. we always factory. so we can use the weird, i'll transfer me through your typical doctor got, i'm you stuck on stuck on shore kiss or african materials i forgot to run you short on. i've come from them. but what would recycled? classic textiles be without some super stylish new designs. based on bespoke art that's in touch with traditional couture. i enter serge zoe. just one of a number of artists with whom my girls mode collaborates to different one is creations, a truly communion touch. my odds are usually people buy a new damper to on the walls, so it's

a new on pitiful philly to see someone who actually when it's gone and oh, the perfect dress. oh rap is more than just a garment. it tells a story and includes something in tangibly important to each new customer, fresh and language. so i think the story lines are the most important thing you could do to make traditional of enjoyable. again, with any luck limby 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 part 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 and see you soon. i'm done with everybody

wants money, money, a life and for me for me, cuz i don't need that much money with everybody was money with me cuz i don't need that much money. i think i did everybody with blue ah, ah

ah, ah. mm. with who ico africa, walla. we care focusing on energy nutrition and education. denisia aims to make his schools more sustainable and better equipped the market. our boarding school is

leading the way run like a small business. it is self sufficient and economically successful. for 30 minutes on d. w. with guardians of truth. my name is john dinner 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 asked activists, journalists and politicians living and exiled 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 with people. i need to know what is happening there. you know, were series guardians of truth watch know on youtube, d. w documentary, especially hot spots in germany, a. d, w, travel tree mean we're in not just another day. so much is happening all at once. we take time to understand this is the day an in depth look at the current news events analyzed by experts and critical thinkers. and this is the weekdays on d w ah

ah ah, this is d w. news coming to live from berlin. sold for more than $3000000000.00. swiss bank u. b. s. acquires it's rival credit suisse in a deal backed by the country central bank. it's designed to avert a potential banking crisis, but stock market suggest.