the boss of south african airways, vuyani jarana, talking south african airways, vuyani jara na, talking vuyani jarana, talking to aaron heslehurst. now let's brief you some other business stories. argentina has reached a deal with the international monetary fund for a $50 billion three—year loan subject to approval by the imf board. argentina went to the imf for help on may 8th after a slump in its currency the peso amid a broader investor exodus from emerging markets. it's a controversial move in the country, where many people blame austerity measures imposed by the fund for a devastating financial crisis in 2001. french property giant unibail—rodamco, europe's biggest commercial property company, has completed its takeover of australian shopping mall operator westfield. the $24.7 billion deal is the biggest corporate takeover in australian history. mall operators are being forced to consolidate amid growing competition from online retail. up next: newsbriefing. we'll take you through the stories making headlines in the global media today including. but for me, it is goodbye. negative

we meet the former telecoms boss now battling to turn around south african airways.

and he is the new boss at south african airways. investment management company nutmeg joins us again to discuss. cannabis legalisation in canada, another step closer? yelling yes, they have approved the recreational use of marijuana, and that has —— yes, they have approved that but it has gone back to the other chamber. they are moving quite fast. 0f course some states in the usa avoided on this but this is a more holistic legalisation. do you think they are scrambling to try to get a piece of that market to make sure they are positioned well to dig advantage? yes, if you look at the usa, big shops and empires growing up really quickly in anticipation of the law changed. 0f course, this has been promised in canada for some time but, yes, the same thing is happening in canada. let's move on and talk about mobile phones. because we have had so many democrat this. the french government looking to ban mobile phones in schools. yes, iam looking to ban mobile phones in schools. yes, i am surprised how many schools are allowed them and all

talking to south african airways as they pay $4 millto stay in the air. on the way. ♪ are with bloomberg markets. we will head to the airline industry as it holds its annual meeting in sydney. this is all against the backdrop of gentle prices and what about profits. is here with us. let's look at south african airways. it has had a tough -- tough couple of years. you know the men who knows about the prospects. take it away. he has his own skin in the game. we w out why in just a moment. the ceo is joining us here. but you ve here with us. on thisyour own money time running successful. absolutely. we are looking at the prospect of change. we have had many strategies in the past and when we come in with a new board to implement the strategy, there is a great significance. i want to put my own skin in the game. since i came in in -- came in in november, we may hard and tough decisions. >> how much do you stand to lose if this doesn't work? >> 100,000 brand of my own money sales.n't break the it is not about money. it is that commitment to the country and wha