and anchor at business day t v welcome bronwyn bronwyn can you tell us unemployment is sitting at a record high in south africa what it has contributed to this. so as you mentioned a little earlier record high for us is 29 percent and just to put that into perspective that means that 6650000 people are sitting with work they are a couple of reasons why but the main reason comes down to a lack of investment in the economy 1st seen not only by the private sic to confidence levels but also by government because government is so fiscally construct and they just don't have the money to invest it back into the economy because they're supporting all struggling state owned enterprises. and do you see the situation raising the potential for social unrest. absolutely there is definitely the raised risk of social unrest and for example banks have been planning for the 4th industrial revolution and that means that they're going to be closing a lot of branches and that's going to come with a lot of job losses and all main banking union which is. they're planning strike action for this coming fri

bronwyn cmon joins us now from johannesburg bronwyn some say interest rates need to go down to boost the economy why did the central bank decided to sit still this time. absolutely if you look at our growth picture it would seem that we should definitely have cut today but i was speaking to an analyst after the announcement and she said that it's launch day because we have the medium term budget policy statement being presented at the end of october and that is unlikely to draw a very pretty picture of the currency of the country's finances because of how we are having to support state owned enterprises and because of that we're going to have a lot of currency risk where we could see that impact inflation so she believes that we just needed that little bit extra breathing room so that's why the south african reserve bank kept rates on hold today there was some hope that. this meeting what seems to been taken off the table. up until the announcement to the off to noon a lot of analysts had expected that rates would be cut at the november meeting and certainly a lot of what was see tod

thank you very much bronwyn seaborne news editor and anchor at business day t.v. . to the brave new world of crypto currencies now to say the least it's a new challenge for regulators money that goes into traditional banks the might just be a bunch of ones and zeros on a digital ledger but it has the benefit of being backed by government guarantee crypto currency is like a big coin and facebook's lever on the other hand could eventually give a fee up money or run for well that's money and governments around the world have to figure out what that will mean for the future of transacting now here in germany lawmakers met this afternoon to discuss crypto currencies and their potential effect on existing financial systems with a group of chosen experts one of those experts joins me today in the studio katerina garo she is the c. immutable insights a block chain analyst analytics services a firm now fresh from speaking to those german m.p.'s what is your impression of where they are with regard to crypto currencies well in comparison to the other hearings that i've been t

at 12:30pm, i'll be joined by bronwyn maddox from the institute for government.ions, you can — details are on the screen. joining me now isjoe moor, former director of legislative affairs at numberio. just left downing street at the same time as theresa may. shami saying we are not dealing with normal people who respect the normal rules of law. what is your view on watching how things are unfolding in what you anticipate? it is very difficult to anticipate? it is very difficult to anticipate anything at the moment. the whole movement of parliament will move quickly over the next few days. no one really knows how it will pan out. what we do know today is that parliament comes back at 2:30pm, first of all, before that, there will be a speaker's conference, where he will assess urgent question requests and be notified of any statements the government wants to do, and shortly after that we expect the labour whips' official twitter feed to outline that. we are expecting to state m e nts outline that. we are expecting to statements today. one of the g7 and one on no de