south african economy. well south african airways itself actually was quite hopeful still today they've been saying that they've been speaking to that accent that they've secured loans of one of them 20000000 not enough of course to cover that but at least they're saying it could keep us afloat a little bit longer out although now of course the debt is in greece and which with this crisis will mean that at least $5000.00 jobs will get lost and that in a country where you are already looking at 29 percent of unemployment and of course is not just as the employees but also a lot of contractors so indeed it will be very severe for for the economy of south africa and also to lose that brand i think that's also something that yeah the government is not willing to. listen to them thank you very much. no the compacts with africa is an initiative aimed at bringing more private investment to african countries is called compact which is not for africa because it's all about building a real partnership this week the german government hosted african politicians to lots of smiles and encouraging talk but a closer look shows

south african airways is grounded the airline has to cancel all its flights today as well to stage a strike it is unclear when a flights will resume the go live to cape town for more also coming up african countries invest some $100000000000.00 in building new cities to cope with a growing population and critics say those smart cities just for the country's elite. and how iceland biggest fishing firm managed to get the corning right in and then devious motives. hello i'm going to jones and this is a business africa good to have you with us and we're starting with beleaguered south african airways went on strike today to demand higher wages and protest plan to job cuts forcing the state old carrier to cancel all flights south african airways which is africa's 2nd largest carrier has warned that the strike and dangerous the company's future. south african airways check in counters of cape town are deserted and right across the country passengers are beseeching the airline's information counters with one question in mind where does it go to from here stephanie to cut this motion and the

of hong kong what's the impact on airlines well obviously it's not good because hong kong for not just focusing cathay pacific but also for south african airways malaysia's an asia group all the big airlines of the regions for them hong kong is the major destination and they've all had to come to flights due to the drop in passenger numbers in fact the hong kong airport authority reported for auto but i 13 percent drop in passenger numbers and a more than 6 percent drop in flights coming in and out and that's the steepest falls since those undress the political turmoil in hong kong began the good news is because there's a downside to cutting flights the good news is that all those airlines won't immediately news the air slots which normally would happen if you don't use them and i will be a problem because a it's very difficult to get an astronaut in hong kong airports because they lack capacity they're building a 3rd runway but that won't go into operation until 2024 so the hong kong civil aviation department said they'll suspend the so-called usage or roosted rule until march which is the end of the winter season that gives the airlines a li

well passengers here are severely affected just behind us there is a queue of people waiting to get some sort of relief from south african airways their flights have been canceled they traveling many of them domestically and regionally and now they have no way to get to their destinations they say that the airline is offering to reschedule their flights but the issue is they don't know how long that will take not one of the passengers who's at the airport and stranded is darrell holden he's traveling he's traveled from islands to south africa plans to go to durban but now he's stuck at the airport just how frustrating is the sterile. insists surfer straighted spends at least 2 hours in the queue as of now and i'm not sure when i'll get to the front and if i'm going to take it or not but i just hope that i get home today oh as i'm sure i'm screwed for a. for durham you know i don't know what i'm going to have your travel plans been completely thrown out the window own well i had plans for when i'm from the time that i get home so that's kind of going out but hopefully my family can reschedule with me because. they've got a busy s