i don't know about south africans. i don't know about south africans.ca because we have the steinhardt scandal, where they've had to come to a commission to account, that's a private company. we have the issue of the banks. we've got a commission right now looking at state capture, and that has become the basis for actually going thejudicial has become the basis for actually going the judicial route. has become the basis for actually going thejudicial route. i think what the president has done is there must never be an opportunity for anyone to say i'm being targeted politically. this has to be a proper judicial... not a populist issue, so that everybody‘s rights are respected. thembisile majola, we have to end it there but i do thank you very much for being on hardtalk. thank you very much, hello there. if the cold weather isn't your thing, then you'll be glad to know by the end of the week, and certainly into the weekend, it'll be turning much milder, but also wetter and windier with it, too, so more on that injust a moment. this morning we're startin

>> he was very much respected when he led the south african reserve bank as governor. south helm african reserve bank for about a decade until 2009. wasbiggest achievement building the nation's foreign exchange reserve to almost $40 billion from less than $10 billion. it seems as though he could be a candidate -- we're seeing the rand strengthening. vonnie: what does it mean for credit ratings that the company? >> is comes at a very significant time because we know that the president has really come out strongly saying that a new government which he took over in february is going to be very hard on corruption. it is likely that ratings of this news quite well although it does seem that the individual at the helm of the treasury has become less significant because that institution in its self has been strengthened since he took over in february. guy: thank you very much for the reporting. the south african finance minister has resigned. this is bloomberg. ♪ vonnie: more breaking headlines from that meeting between the u.s. ambassador to the united nations who has now re

south african president ramaphosa is hailing the success of the nations investment drive.spoke exclusively to bloomberg's guy johnson in johannesburg. >> we are ahead of the track. we are way ahead. i am overwhelmed by the level of interest that continues to be in the south african economy. many potential investors are here. we have will over 1000 people here. of them are real investors, not just people who want to come and have a freebie at a conference. they are here because they want to put money on the ground and make money themselves. >> let's talk about where the economy is right now. numbers tou need the look good if you want to attract more investment. the midterm budget delivered in deliveredon wednesday tough news on the south african economy. the outlook is half what wasn't is abated? rosyebt outlook is less than anticipated. is it the legacy from the zuma era, even tougher than you thought it was going to be? is the job of fixing the south african economy even tougher than you thought it was going to be when you took this job? >> it is tougher because now in th

and mining produced one fifth of the south african gross domestic product and the rush to capture diamonds and gold this intra goal to the history of white colonialism in south africa now mining reportedly accounts for less than eight percent of south africa's g.d.p. today the wall street journal reports that the three largest south african gold mining firms lost a combined total of four hundred fifty three million dollars last year weighed down by a forty percent drop in the price of gold from a peak of over eight hundred dollars per ounce in august of twenty eleven the deep very deep mine shafts were mostly evacuated in the apartheid era and now bring materials up those shaft is really increasingly difficult and logistical challenge while wage and safety policies have failed to adapt making profits extremely elusive. time after a quick break but hang here because when we return we head to the e.u. to paris to take a look at efforts to move businesses including big banks and others from london to paris in light of brecht's it and later christiane counterpart tells us about her new novel a

sometimes despite being of well liked and respected specifically because he had according to many south african save the country from what would have been a disastrous nuclear deal that south africa couldn't afford it some are very sad to see the finance minister go but in his place president saw him up or so has brought in tito and bo any he is the former reserve bank governor he was the first black governor of the reserve bank and is a well respected within business and labor the south african chamber of commerce say that says that this is one of the finest appointments yet in the finance ministry. at least fifty people have been killed in a bus crash in western kenya police say the vehicles roof was ripped off when it overturned and fell into a ditch encourager county a fully loaded bus was taking passages from nairobi to the western town of kakamega . iraq's new leadership faces major challenges with a disgruntled iraqi public prime minister. the will have to deal with ongoing economic crises that lead to months of violent protests around the country's southern oil rich province that's home

sometimes despite being of well liked and respected specifically because he had according to many south african save the country from what would have been a disastrous nuclear deal that south africa couldn't afford it some are very sad to see the finance minister go but in his place president saw him up or so has brought in tito and bo any he is the former reserve bank governor he was the first black governor of the reserve bank and is a well respected within business and labor these are african chamber of commerce say that says that this is one of the finest appointments yet in the finance ministry. time for short break here on al-jazeera when we come back new revelations on one of the main suspects behind the poisoning of a russian double agent in the u.k. plus. i'm john hendren in chicago here and across the u.s. millennium goals are about to become the largest voting bloc i'll tell you what that means coming up. from dusky sunsets over the sprawling savannah. to sunrise atop an asian metropolis heller's rainy again quite extensively in china this could be the last gasp of what we're reachin

familiar with this man on the outside andrew feinstein international arms trade expert and former south african parliamentarian he's not allowed in fortunately my name is well known to be nice is off the obvious fact and so i've never grown to try to take a shine to come inside the sphere since he uncovered a huge arms scandal in his country has been operating from london for his own show . safety is research also focuses on german arms exports germany plays a role through the export of weapons especially into regions that are unstable where there is conflict where there is repression. most obviously to day the middle east and plays a role in ensuring that those conflicts are remarkably bloody. like the campaign in yemen it was originally touted as a short aerial intervention led by saudi arabia to defeat the militias who were allegedly terrorizing the country. more than a thousand days later there's been no sign of a let up the who thieves have put up stiffer resistance than expected and the saudis and their allies have responded by raising much of yemen to the ground they bomb schools hospita

in two thousand and eight two for middle forces joint south african and the now and germany's run matal defense efficiency and quality. mission was all there had been constant scandals. the whole. africa's military infrastructure is constantly embroiled in scandal so its origins. and its practices since then have remained criminal to be in partnership with a company that is a state owned enterprise in south africa means that you are effectively engaging in the corruption that is taking place in the south african state today. we are back in northern germany in a village of three thousand five hundred residents one to loose is the nerve center of rhyme a tough business with bombs and bullets it's also home to the biggest shooting range in europe this is where the subsidiary which owns the plants in sardinia and south africa is headquartered. people here don't like to talk about. dealings abroad as. much as the town mayor it's my job to look after the interests of the municipality of suit and we're very happy to have a company like ryan matel with so many jobs is to be here for. the econom

guy johnson to the south african president. pres.verwhelmed by the level of interest that continues to be in the south african economy. many corporate and many potential investors are here, well over 1000 people here and many are real investors. they are not just people who just want to come and have a freebie at a conference. they're here because they want to put money on the ground and make money. guy: let's talk about where the economy is now. clearly, you need the numbers if you're going to attract more investment. it is a circle. you need to improve things. the midterm budget your new finance minister delivered on wednesday delivered tough news on the south african economy. the outlook is half of what was anticipated and the trajectory that the debt is on is less rosy than was anticipated. the legacy from the zuma era tougher than you thought it was going to be? is the job of fixing the south african economy tougher than you thought? >> yes, because now in the full glare of the commission of inquiry, we're beginning to get into

around just what happened between himself and the group does of course opposition parties many south africans calling for his resignation while on the other hand they're also bodies of africans who who will still support the finance minister considering that this is the man who saved south africa from a potentially disastrous nuclear deal a few years ago and so the president of course a finding himself between a rock and a hard place in low in knowing that he either had to get rid of this minister or or accept his his resignation but of course wanting to appear decisive a firm hand and ultimately accepting. rizieq nation earlier today and kind of reaction has there been. well so far many south africans have reacted positively to his resignation saying it was the right thing to do of course immediately after his testimony at that commission of inquiry he apologized to south africans saying that it was an error of judgment he should never have met with the gupta brothers specifically outside of the ministry of finance and that he had acted poorly i mean is of african story of course to lose suc

who come off the john home and i was in a sharp us it's been called the biggest bank fraud in south african history more than one hundred thirty million dollars was stolen from the baby s. which will bank leading to its collapse and his maiden budget speech media say south africa's finance minister suggested the bank could they say but if it isn't it's the poor who end up paying the ultimate price for minimal or reports from a province. corrupt and beyond saving that's the final word in a reserve bank report on the theft of more than one hundred and thirty million dollars at south africa's v b s mutual bank the only black owned bank in limpopo province it was supposed to have been a vehicle for empowerment but instead it was looted being allegedly by more than fifty people from bank executives to politicians some from within the ruling african national congress nor out on the plus why is one of ninety four employees who's been laid off because the bank has no will money to them but. i'm still shocked i don't have a job now i'm very disappointed because they still haven't explained to us exa

down any despite being of well liked and respected specifically because he had according to many south african save the country from what would have been a disastrous nuclear deal that south africa couldn't afford it some of very sad to see the finance minister go but in his place president has brought in tito and bo any he is the former reserve bank governor he was the first black governor of the reserve bank and is a well respected within business and labor these are african chamber of commerce say that says that this is one of the finest appointments yet in the finance ministry. still to come on the program. aid groups warn that two million afghan children could suffer from severe malnutrition by the end of the year plus. i'm john hendren in chicago here and across the u.s. millennium goals are about to become the largest voting bloc i'll tell you what that means coming up. there's flooding in the west and hundreds of scotland on the norwegian coast that's cloud has been streaming rain for a couple of days and big showers in the western med has shown up for the morning rush hour was busy st

the resignation of the finance minister and continental has come as little surprise for many south africans that's after he testified at a commission of inquiry into state capture and corruption here in south africa where he admitted to meeting with members of the gupta family meeting them privately during his tenure as the finance minister now this family of course has been accused of using their political ties to gain financially specifically their relationship with former president jacob zuma now previously nearly had said that he hadn't met with the family and had perhaps met him in passing at public events now the issue for many south africans is that the minister had lied especially considering that he is in an important or was in an important portfolio while trusted and now till that point was credible now these revelations of course have brought into question his credibility integrity as well as his character and gotten in a did apologize soon after his testimony to south africa and saying that he shouldn't have met with that family it should have met with the good times and if he h

in it despite being of well liked and respected specifically because he had according to many south african save the country from what would have been a disastrous nuclear deal that south africa couldn't afford it some are very sad to see the finance minister go but in his place president has brought in tito and bo any he is the former reserve bank governor he was the first black governor of the reserve bank and is a well respected within business and labor these are african chamber of commerce say that says that this is one of the finest appointments yet in the finance ministry taiwan's president is vowing to be a national security and. warning her government will not give in to pressure from china sitting on the island's national day. and weighing and sister that she would not recklessly provoke china beijing considers taiwan part of its territory and has been pressuring other countries to cut ties free nations didn't access spend a magic relations with taiwan earlier this year so head on al-jazeera i'll tell you about a government decision in zimbabwe that has led to fuel and food shorta

sometimes despite being of well liked and respected specifically because he had according to many south african save the country from what would have been a disastrous nuclear deal that south africa couldn't afford it some are very sad to see the finance minister go but in his place president saw him up or so has brought in tito and bo any he is the former reserve bank governor he was the first black governor of the reserve bank and is a well respected within business and labor these are african chamber of commerce say that says that this is one of the finest appointments yet in the finance ministry taiwan's president has criticized china urging it to be or. sponsible country rather than a source of conflict that's a quote speaking on the island's national day saying when beijing's increased pressure is threatening the status quo across the taiwan strait insisted that her country would not recklessly provoke china have taken to build relations with a number of countries after several nations cut ties with it so lead on al jazeera accusations in the us of contact between the two thousand and six

in it despite being of well liked and respected specifically because he had according to many south african save the country from what would have been a disastrous nuclear deal that south africa couldn't afford it some are very sad to see the finance minister go but in his place president saw him up or so has brought in tito and bo any he is the former reserve bank governor he was the first black governor of the reserve bank and is a well respected within business and labor these are african chamber of commerce say that says that this is one of the finest appointments yet in the finance ministry zimbabwe a police say of all stop protests against a new tack. that's being blamed for pushing up the price of basic goods largest trade union has called for a strike against a levy on money transfers president emerson and the measure will help to revive the economy it has caused widespread fuel and food shortages reports from harare. it's perhaps another signs the economy may take a long time to recover some people have been lining up since saturday to fill up because the central bank governor says

it's called the biggest bank prod in south african history more than one hundred thirty million dollars was stolen from the b.b.s. which will bank leading to its collapse as finance minister has suggested the bank can we say if it isn't it's the poor who end up paying the ultimate price for minimal or has more from profits. corrupt and beyond saving that's the final word in a reserve bank report on the theft of more than one hundred and thirty million dollars at south africa's v b s mutual bank the only black owned bank in limpopo province it was supposed to have been a vehicle for empowerment but instead it was looted being allegedly by more than fifty people from bank executives to politicians some from within the ruling african national congress nor are on the plus why is one of ninety four employees who's been laid off because the bank has no war money for him but. i'm still shocked i don't have a job now i'm very disappointed because they still haven't explained to us exactly what happened but all we know is we don't have a job at least some would douses she deposited her life savi

sometimes despite being of well liked and respected specifically because he had according to many south african save the country from what would have been a disastrous nuclear deal that south africa couldn't afford it some are very sad to see the finance minister go but in his place president still remop or so has brought in tito and boy any he is the former reserve bank governor he was the first black governor of the reserve bank and he's a well respected within business and labor these are african chamber of commerce say that says that this is one of the finest appointments yet in the finance ministry time for a short break here not just iraq when we come back. a new generation of voters with the potential to make drastic changes to the u.s. political landscape. two countries one alphabet we look at efforts to gain a father language to north and south korea and sport we'll hear from the olympic legends passed on their expertise at the games in argentina more on the state. hello the indian summer continues in most of the eastern states in the u.s. and in east encounter sure markedly woman that

the resignation of the finance minister and continental has come as little surprise for many south africans that's after he testified at a commission of inquiry into state capture and corruption here in south africa where he admitted to meeting with members of the gupta family meeting them privately during his tenure as the finance minister now this family of course has been accused of using their political ties to gain financially specifically their relationship with former president jacob zuma now previously merely had said that he hadn't met with the family and had perhaps met them in passing at public events now the issue for many south africans is that the minister had lied especially considering that he is in an important or was in an important portfolio while trusted and out all that point was credible now these revelations of course have brought into question his credibility integrity as well as his character and gotten in a did apologize soon after his testimony to south african saying that he shouldn't have met with that family it should have met with the good times and if he had

on friday, guy johnson spoke exclusively with the south african president about the challenges facingomy. ♪ overwhelmed by the level beinterest that continues to in the south african economy. many countries and potential we haves are here, and well over 1000 people here, and many of them are real investors, not just people who want to come in and have a free conference. they are here because they want to put money on the ground and make money themselves. >> let's talk a little bit about where the economy is right now. clearly, you need the numbers to look better if you are going to attract more investment. it's a virtuous circle. is this a legacy of the zuma era, tougher than you thought it was going to be? is the job of fixing the south african economy even tougher than you thought it would be when you took the job? >> yes, it is tougher, because now the full glare of commissions of inquiry will be given to really fit into the depths of what has been happening. we can see the damage that was done to state institutions, to government departments, corruption has become endemic. the unf

it's been called the biggest bank fraud in south african history more than one hundred thirty million dollars was stolen from the v.b. s. mutual bank leading to its collapse south africa's finance minister has suggested the bank can be saved but if it isn't it is the poor who end up paying the ultimate price i mean a miller has more from limpopo province. corrupt and beyond saving that's the final word in a reserve bank report on the theft of more than one hundred and thirty million dollars at south africa's v b s mutual bank the only black owned bank in limpopo province it was supposed to have been a vehicle for empowerment but instead it was looted being allegedly by more than fifty people from bank executives to politicians some from within the ruling african national congress nor around the past why is one of ninety four employees who's been laid off because the bank has no war money remember. i'm still shocked i don't have a job now i'm very disappointed because they still haven't explained to us exactly what happened but all we know is we don't have a job at least some were dous

now it's being called the biggest bank heist in south african history more than a hundred and thirty million dollars will stolen from the as v b s new to a bank leading to its collapse in his maiden budget speech local media say south africa's finance minister suggested the embattled bank could be saved but he also made it clear the perpetrators of the heist must be locked up for me to miller has worn out for improper province corrupt and beyond saving that's the final word in a reserve bank report on the theft of more than one hundred and thirty million dollars at south africa's v b s mutual bank the only black owned bank in limpopo province it was supposed to have been a vehicle for empowerment but instead it was looted big allegedly by more than fifty people from bank executives to politicians some from within the ruling african national congress nor out on the plus why is one of ninety four employees who's been laid off because the bank has no will money. i'm still shocked i don't have a job now i'm very disappointed because they still haven't explained to us exactly what happened

the law society because of his culture and daily use of cannabis for twenty years he's fought south african courts to get cannabis decriminalised saying that equality laws should also protect his way of life the greater victory is for the people of south africa in the sense that because rest of our us always advocated that cannabis is for the yelling of not just the south african people but for all people in the world and our philosophy is that we must make use of what we have in order to get what we want and we have an abundance of cannabis. the rest of therion community in cape town says cannabis is a religious and cultural sacrament but people here say they were often victims of police raids in the past now they can smoke and grow what they call a religious herb while it will take up to two years for laws to be officially changed it's now legal to grow cannabis and consume it privately but still illegal to sell or buy it this is a long street in cape town it's known for its vibrant nightlife and as a place to buy cannabis and other drugs if you're found with cannabis on you police contra

plus exclusive interviews with , the south african president and dallas fed resident robert kaplan.nd up next, more highlights from the earnings report. could tesla's result be a turning point for the troubled company? >> they are profitable. first time they've been profitable since the third quarter of 2016. emma: this is bloomberg. ♪ emma: this is "bloomberg best." i'm emma chandra. plenty of earnings information to digest this week. let's continue our review of results with a profit beat from swiss banking giant ubs. >> ubs reported income for the third quarter that beat the highest analyst estimate coming in at 1.25 billion swiss francs. ceo sergio ermotti has hit key financial targets for the second time this year. >> we have to look at ways to become more efficient. we are doing that. the real story for us is how we free up resources for cost initiatives. to reinvest in our business. that is the reason why we expect our cost base to stay flat, excluding variable compensation. that is performance related and grow our top line. growing the top line is sustained by two secular tr

needs a growth rate of at least five percent a year to prevent more jobs from being lost but the south african reserve bank projects that the economy will grow by just zero point seven percent this year some economists say that south africa would have to adjust its entire education and economic strategy to realize its target of harboring unemployment by twenty thirty below zero janice berg. but more for you on our website any time the dress that is out is there a dot com. and one other top stories are now to syria western countries have united to accuse russia of running a global campaign of cyber attacks to undermine their democracies that your thirty's said they'd for old attempt by for russian men in april we tried to hack into the un chemical weapons watchdog while it was analyzing a russian poison used to attack a spy in the u.k. russia hit back and deny the claims. mass burials are being held in indonesia as the country continues its recovery efforts on the island of pseudo ways easy for the last friday's earthquake and tsunami at least one thousand four hundred twenty four people are kn

the law society because of his culture and daily use of cannabis for twenty years he's fought south african courts to get cannabis decriminalised saying that equality laws should also protect his way of life the greater victory is for the people of south africa in the sense that because rest of our us always advocated that cannabis is for the yelling of not just the south african people but for all people in the world and our philosophy is that we must make use of what we have in order to get what we want and we have an abundance of cannabis. the rest of therion community in cape town says cannabis is a religious and cultural sacrament the people here say they were often victims of police raids in the past now they can smoke and grow what they call a religious free while it will take up to two years for laws to be officially changed it's now legal to grow cannabis and consume it privately but still illegal to sell or buy it this is a long street in cape town it's known for its vibrant nightlife and as a place to buy cannabis and other drugs if you're found with cannabis on you police contra

the south african rand in focus for us because of the change in the finance minister. let's switch things up. the italian bond yields story, very much at the heart of things. higher.r yield going india and south africa featured on this radar. conflicting the forces pointing the oil forces around. president trump complaining about hyatt oil prices. hoping to sustain some strength in the oil prices. impact in the an gulf of mexico. let's talk about what is going on. stocks, shaking off some of the recent trade related malaise. some of those markets recovered into the close. yield on treasuries may be helping. came back down from a seven-year high. imf has warned investors may be ignoring the risk conditions could tighten sharply. new york fed president john will you him's said the central bank pays close attention to how the policy moves impact the rest of the world. developmentsnal affect the u.s. economy and our policy engine -- actions affect the rest of the world. devote efforts to monitoring developments around the world to understand how our actions affect the glob

is the job of fixing the south african economy tougher than you thought?> yes, because now in the full glare of the commissions of inquiry, we are beginning to get into the depth of what has been happening. we can see the damage that was done to state institutions, to government departments, and corruption has become endemic. the fortunate thing is that the wheels did not come off. we are beginning now to renew and roll back the bad purchases that had come into play. we are now, in a determined way, moving forward and making sure that we do indeed get rid of corruption, we do reposition our state owned enterprises, we improve levels of governance within our government department. withe: guy johnson there cyril ramaphosa. let us take a look at markets. minutes to than five the european close and almost two hours into a tough u.s. session. s&p 500 down. the dax down more than 1.5%. deutsche bank one of the poor performance. we will take a look. the stoxx 600 has improved. it is down 1.4%. let us take a look at stocks moving in the u.s. session. amazon and al

i have been in the south african government. not encountered a president,here the past or present, a minister of toance, has ever attempted impact this. we have not had politicians in with africa interfering the independence of the reserve bank. i cannot think of any politicians who would want to become exceptions to that rule. emerging-market turmoil, one of the big issues discussed over and over again this week. the people see when say the federal reserve has to be more cognizant of how it's actions affect other countries, especially emerging markets? embarks on fed quantitive easing, the same issues came to us. of the effectsd of your actions, so much so, the guidance is their of thehe policies advanced economies. account. they take understand, they are the federal reserve of the nine states. think -- but from where we are, what we are seeing playing out is what we had expected would play out. we expected that. there will be a repricing. especially in emerging markets. realignment of the exchange rate. we saw was this could b

welcome back you've been watching the south african president there obama pose a speaking at a german african a business summit that's taking place here in berlin about the compact with africa that's the name of this summit that we're seeing today. is with us to talk more about this with us christine what is in this compact for south africa we heard cyril ramaphosa really supporting it there essentially and i think south africa is in a very sort of unique and interesting position in the sense that it is a g twenty members self but also on the other side of things when it's not a compact with africa member would also like to benefit from the g. twenty investment into south africa you know that when sort of was the came into office nothing a long ago and he's messaging was i'm going to bring in more investment into the countries south africa is in recession as we speak a stab in the high unemployment rates these are some of the things that he has to tackle going into this there is an election coming up and the a.n.c. to get into so they have an honest little bit is in a very unique posi

yeah growing today the stream meets a living legend a south african music. i'm femi oke a. we'll hear from d.c. about his music activism and inspirations sinister comments and your questions through twitter and you too. to millions of music fans from see mother is a music icon he has chronicled the lives of people in the apartheid era south africa as well as his hopes for justice and reconciliation post apartheid known simply as the voice in south africa received has released a string the studio albums and thrives as a live artist his performance was one of the highlights of nelson mandela's inauguration in one thousand nine hundred four and musicians such as dave matthews band paul simon and sting have been inspired to work with em. bristly is now in a major talk or township it's a love letter to the music he heard in his grandmother's bar and the mamelodi township when he was starting out as an artist welcome lovely. i am looking here at the township tour dates october through the beginning of november what is this tour about what's the idea behind it. tall trees celebrat

grower today the strain meets a living legend a south african music. i'm femi oke a. we'll hear from d.c. about his music activism and inspirations sinister comments and your questions through twitter and you tube. to millions of music fans. is a music icon he has chronicled the lives of people in the apartheid era south africa as well as his hopes for justice and reconciliation post a pos hate known simply as the voice in south africa who see has released a string the studio albums and thrives as a live artist his performance was one of the highlights of nelson mandela's inauguration in one thousand nine hundred four and musicians such as dave matthews band paul simon and sting have been inspired to work with. bristly is now in a major talk or township it's a love letter to the music he heard in his grandmother's bar in the mamelodi township when he was starting out as an artist welcome lovely. i am looking here at the township tour dates october through the beginning of november what is this tour about what's the idea behind it. tall trees celebrating music from sou

is the job of fixing the south african economy even tougher than you thought it was going to be when? guest: yes, it is tougher because now president ramaphosa: yes, it is tougher because in the full glare we have been able to get into the full effects of what has been happening. we can see the damage that has been done to state institutions, government departments, and corruption has become endemic. heels did nothe w come off. we are beginning now to renew and roll back best practices that had come into play. therefore, we are now in a very determined way moving forward and making sure that we do indeed get rid of corruption, we do indeed reposition our state owned enterprises, we do

sometime in a despite being of well liked and respected specifically because he had according to many south african save the country from what would have been a disastrous nuclear deal that south africa couldn't afford it some are very sad to see the finance minister go but in his place president saw him up or so has brought in tito and bo any he is the former reserve bank governor he was the first black governor of the reserve bank and is a well respected within business and labor these are the african chamber of commerce say that says that this is one of the finest appointments yet in the finance ministry. zimbabwe's president amisom says a new tax on bank transactions is a painful but necessary measure to revive the economy levy has led to a public outcry and the reemergence of food and fuel queues amid fears of shortages how do we toss a has more from harare. it's perhaps another sign zimbabwe's economy may take a long time to recover some people have been lining up since saturday developed because the central bank governor says fuel shortages are because of the introduction of a two percent ta

needs a growth rate of at least four percent again to prevent more jobs from being lost but the south african reserve bank projects at the economy will grow by just zero point seven percent this year some economists say that south africa would have to adjust its entire education and economic strategy to realise its target of having unemployment by twenty thirty meter miller al-jazeera janice burg. peru's former president alberto fujimori has warned that if he is forced to go back to prison he will die for jean-marie recorded a dramatic call on a mobile phone while in hospital in lima peru supreme court on wednesday overturned a medical pardon the decision could force him to return to jail to serve a long sentence for human rights abuses here. today i would like to tell the of thora teasin politicians please do not use me as a political weapon because i no longer have the strength to resist it i would like to ask the president of the republican and the members of the judiciary one thing only please don't kill me if i go back to prison my heart will not be able to endure it it is far too weak i