deal with its cash strapped national carrier south african airways and its beleaguered power company eskom in the budget the finance minister set aside 1000000000 euros to help south african airlines repay its debts over the next 3 years meanwhile utility eskom will receive 6800000000 euros to allow it to meet its short term financial obligations the 2 companies embody the worst of south africa's economy mismanagement debt and in the case of eskom power outages that crippled the entire country many south africans fear that aid will trigger higher taxes in the new budget and they will have to pay more for gasoline so-called sin taxes on tobacco wine and spirits will also be increased. but despite all the financial problems the finance minister announced employees will pay 5 percent less income tax on average in 2020 corporate taxes will also be lowered a bombshell as the country's debt burden grows at an alarming rate. instead of hitting him battled south africans with these taxes the government plans to slash public spending especially on civil servants salaries. public transport spending

and to south africa another setback for the cash strapped power utility eskom its bid for electricity price increases of over 16 percent was rejected by the potoroo high court on monday eskom said the increases were needed to compensate for what it called a calculation error by regulators state owned eskom supplies more than 90 percent of south africa's electricity but it is struggling with high debts and power station in need of urgent with clinton. and that's it for me and the business team here and we apologize for the technical difficulties and all show business news on our web site dot com slash business also do follow us on facebook and switches to the whole it is now stay tuned for news on calls as up right next after all quick update on global markets up is up thanks for watching. earth. home 2 minutes of species. a home worth saving. those are big changes and most start with small steps. to tell stories of creative people and innovative projects around the world. what is the key to the good news to great interest and shows and reforestation. interactive content teaching the n

fire pravin gordhan — the minister responsible for state—owned enterprises, including power utility eskoman airways. after all the chaos, the president finally spoke. our country is facing a stark reality. our economy has not grown at any meaningful rate for over a decade. even as jobs are created, the rate of unemployment continues to deepen. he pointed out the obvious — the lack of economic growth, unemployment, spiralling government debt and struggling state—owned enterprises. he mentioned setting up a foreign fund and a state bank but how this will work and where the money will come from is unclear. mr ramaphosa also spoke about the african continental free trade area which comes into effect this year. and described it as a moment to give effect to the dreams of the founding fathers of african unity. it remains to be seen if south africans who are already disillusioned will believe the promises made by the president. stay with us on bbc news. much more to come. still to come: the growing popularity of online dating in pakistan's conservative society. there's mr mandela. mr nelson mand

he's promised to veto including south african airways and the power company eskom, are in crisis.l pomp and ceremony ahead of president cyril ramaphosa's state of the nation speech. but as festivities didn't last long. we have a speaker in the house. proceedings were delayed by a chaotic hour—long disruption. the opposition economic freedom fighters called on fw clark, the last apartheid era president, to leave parliament after calling him an unrepentant rater racist. after that amount was rejected, they called on president ramaphosa to fire him. the minister responsible for state owned enterprises, including power utility eskom and the embattled south african airways. after all the chaos, the president finally spoke. our country is facing a stark reality. our economy has not grown at any meaningful rate for over a decade. even asjobs meaningful rate for over a decade. even as jobs are created, the rate of unemployment continues to deepen. he pointed out the obvious. the lack of economic growth and employment, sparring government that struggling state owned enterprises. he mention

year ago pose a promise a lot he pledged to restructure and clean up the state owned power utility eskom energy supplies i have africa is notoriously unreliable not much has changed and to boost the economy iraq pose a promised to attract investments of 100000000000 u.s. dollars but how exactly intended to achieve that he left unclear investment should have also helped run unemployment but that still stands as at a staggering 28 percent with no improvement inside a particularly tricky issue is land reform pose a promise to new laws to this process of land almost without compensation today many south africans are skeptical about the achievements of the president so far our correspondent adrian krishna took the temperature in cape town. tuesday afternoon in cape town the celebrations 30 years after the release of nelson mandela with the last big public appearance for presidents to iran of course are even here the celebrations were overshadowed by the mess of challenges off the country. this ain't over the corner i mean the high levels of unemployment the social norms wreaking come home in

opportunity compounding south africa's economic problems waves of power outages as stage energy company eskom fails to keep up with growing to mt. here to the 2 leaders see room for cooperation says africa still gets almost 90 percent of its electricity from coal. no surprise then that germany's pivot to renewables featured heavily in discussions. and speaking of germany and green credentials this next story takes us the german village of spock of birth and boasts the country's highest density of electric cars and it produces most of the energy needed in a local wind farm it's made a success of electric vehicles and car sharing putting paid to the perception that electro mobility only works in cities. and i deal with little village in the far north of germany. pocket near the danish borders bucolic but far from a sleepy place when it comes to new mobility concepts. we probably have the highest density of electric cars of anywhere in germany more than 20 electric cars for $250.00 residents that's quite special. in fact that's an e-card to people ratio that's 25 times higher than in the rest of

opportunity companding say africa's economic problems waves of power outages and state energy company eskom fails to keep up with growing to mount. here to the 2 leaders see room for cooperation says africa still gets almost 90 percent of its electricity from coal no surprise then that germany's pivot to renewables featured heavily in discussions. how would south africa. coal. at the moment it's. quite a lot of challenges including electricity prices we just. absolutely and i'm 40 something for right now in the dock but i'm liking that i'm right here in life with you but one important thing about this is that you know south africa does export coal to countries like india china korea japan and i foresee some of those countries also decided to eliminate the usage of coal which puts south african a very very tricky situation means that the have no choice but to radek a c. use of coal and one thing that they must you i think would be for great for them to you know incorporates the workers when the coming up with policies for them to decide what would work and another thing that would be also go

platform wiki leaks has been arrested after almost 7 years asylum in the ecuadorian embassy in london eskom in. other fish he'd been right that he would be arrested as soon as he set foot outside the embassy with the extradition order to the usa to quickly follow. their. path that. includes patani and would have been freed. he was placed before a judge straight after being arrested and convicted within just 15 minutes of the fog during the whole trial the only words he uttered what i plead not guilty what if but the judges in the south of him as a narcissist saying he was only concerned with his possible interests. under the sins in a son i didn't press. stockholm 2019 for 9 years julian assange had been threatened with prosecution by the swedish judiciary. shortly after his arrest in london the public prosecutor in stockholm closed the proceedings due to a lack of evidence. julian assange is now locked up in a high security prison in london the hurdles to prevent extradition from britain to the u.s. are not especially high. no evidence needs to be provided as long as there are grounds for

financial crisis and has had to suspend some domestic and international flights and power company eskom is $30000000000.00 in debt and struggling to maintain electricity supplies mining companies are warning that crisis could push the country into recession but we need to be fair here not everything in this country is dysfunctional. and we can pinpoint the reasons why this is one of the trial imploded and collapsed we do have a problem of corruption we do have. and the only way to deal with corruption is not to say that the state should never hold anything. against a nominee is a global phenomenon the. president under pressure by investor confidence and least economic growth but he has to balance 2 sides those who favor encouraging the growth of private businesses and many politicians in the ruling a.n.c. party who are calling for more black economic empowerment policies including taking landfill redistribution without compensating the owners. and with that so that is our show for this week if you'd like to comment on anything. of course treat me. please use the hash tag a j c t c or dr

slash interest rates again later this year and finally in south africa the all shares are down as the eskom crisis continues stage 2 no shouting will continue into the weekend as a cast he has warned of an increased likelihood of power cuts over the next 18 months now over the brow of the rest of america. so you so much kristie starting in europe markets are down across the board and we're going to start with the cac in paris that we started looking positive before dropping off at the end of the coronaviruses impact was still the main catalyst here one of the biggest losers was auto manufacturer know who lost 3 percent on friday alone which can be attributed to a supply chain issues due to the virus as well as a french probe into base use of funds now the dax in germany is also following a similar trend here looked like it was going to be even all week and then took a bit of a dive on friday losing nearly one percent the biggest losers in germany were in adidas who are hurting because of travel and supply chain issues respectively due to the virus the footsie in london it is in the same boa

this government a number of state owned enterprises are really on their knees south african airways eskomwhich is the are probably a power supply in this country the government has a lot to deal with when it comes to corruption mismanagement which the president has highlighted in his address this evening but as many have said before he says the right words but what really happens in terms of him coming forward with the right action and that just hasn't been enough in the past thank you very much in johannesburg. large areas of australia hit by the recent record bushfires and now experiencing heavy flooding with more wild weather forecast the town of nona glen around 600 kilometers north of sydney has been one of the worst hit areas but many residents still welcome the rain which has extinguished a large number of the most serious fire as a category 2 cycling is also heading towards the new south wales coast bringing with it more high winds and rain vice president emanuel has vowed to restrict access to more along the highest peak in the alps in an effort to protect its biodiversity but co