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

south africa has major headaches to 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 serva

at the moment some state owned companies essential to the economy are in trouble south african airways is in 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 f

massive issue for this government a number of state owned enterprises are really on their knees south african airwayseskom which 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

office and they're also a calling into question the handling of state owned enterprises like south african airways and primarily which is the electricity provider here in south africa now these are very important issues for south africa but what happened tonight is that the economic freedom fighters has taken control of proceedings much of the attention is on this particular party and the politics at play rather than dealing with these issues at the forefront of our south africans attention here is the president going to be able to deliver the state of the address tonight. we're waiting to see if that happens following that suspension of the parliamentary house it's been more than an hour of that the president was supposed to have delivered that address things have been disrupted so badly that south africans are still waiting we are hearing to about an hour and a half way up or so as not managed to get a word out essentially the if there face it they will leave the chamber and now we're waiting to see if indeed that happens and if the president will deal with these very important issues that south