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tv   Business  Deutsche Welle  April 8, 2019 7:15pm-7:31pm CEST

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hundred fifty thousand dollars per year in addition to scholarships the challenge is to find investors and t.v. broadcasters by summer twenty twenty two attract the players. here watching it every year still to come. the worst blackouts in years plunged south africa into darkness just weeks before an election. that story coming right up with ben facility. i'm secure in the by work not hard and in the end this is a me you're not allowed to stay here in war we will send you back. are you familiar with this. with the smugglers would lie and say. what's your story. and what numbers and women especially in victims of violence. take part and send us
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your story we are trying in all with to understand this new culture. you are not even a turn of yet you want to become citizens. in full migrants your platform for reliable information. the south african court rules for the extradition of an ex finance minister from mozambique to the us where he is wanted on charges related to a two billion dollars debt scandal. zimbabwe takes another tack in getting its white farmers back by enticing them with a little compensation. and the worst blackouts in years down south africa into darkness just weeks before an election. been physical and let's do
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business it's one of the biggest financial scandals to hit the poor african state of mozambique billions of dollars worth of loans allegedly signed off by a former finance minister manual chang a south african court has paved the way for his extradition to the u.s. to face trial which could end up implicating other senior members of mozambique's ruling party. mozambique's former finance minister has been and detention since december twenty nine arrested during a stopover in south africa but a johannesburg court has decided that man will shine can be extradited to the united states the u.s. is just one jurisdiction seeking to prosecute him on fraud and money laundering charges his home country of mozambique has a warrant out to the charges relate to two billion dollars loan to government agencies from banks like credit suisse and russia is meeting people like the money was ostensibly for new tuna fishing boats and a coastal protection system but the government has said they were used to buy
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military vessels instead and millions of the original loan simply disappeared was in bits and seventeen million dollars landed in china's own pocket to make matters worse the government failed to disclose these loans neither to parliament nor the international monetary fund donor funding was cut as a result private investors pulled their money to that set off a financial crisis for the already poor country and the reckoning is far from over where chang is to face charges is still unclear the us and mozambique are both waiting for the decision that can only be made by south africa's justice minister. zimbabwe is to stop paying compensation to white farmers who lost their land under former president robert mugabe's land reforms president to m.s.n. money and god was set aside seventeen and a half million dollars for the payouts the funds intended for farmers in financial distress land reform policies or some four and a half. thousand white farmers evicted from their land which was distributed to
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some three hundred thousand black families well the scheme sought to redress colonial leave area imbalances but it also spots the country's worst economic crisis. it was once considered africa's breadbasket now unemployment according to some figures is as high as ninety percent the man in the house is graham brave originally from zimbabwe he came to zambia in two thousand and one after being driven out of his home country as part of the government's controversial land reform scheme the policy involves seizing land from white farmers and redistributing it to their black counterparts now it is about being government is hoping to encourage some of those exiled farmers to come back by offering them compensation i think it's ludicrous to to go back you know i would love to go back home as home and that i would love to go back to my own farm i would love to go back and redevelop that for my guide but i need money to do that and i haven't got
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anywhere with will to go and start again and zimbabwe zimbabwe has earmarked over seventeen million dollars to compensate former farmers if every quite far mr to their land were to be granted compensation they'd get about four thousand dollars each they have until the end of april to apply the money supposed to compensate farmers for the improvements they make to the land that could include laying elec pristine networks or building stables it's not meant to pay for the loss of the land itself zimbabwe's commercial farming union has welcomed the move as an acknowledgement of the hardship white farmers endured but it may not be enough to encourage dispossessed farmers like graham ray to come home privileged most fun here he joins us from harare now thousands of white farmers have long left zimbabwe as we've seen will they qualify for compensation.
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government has not really indicated if. there is and solely to plan to bring back the farmers and also to say that those that left the country will qualify for. and also to come back to the country on the land where that was taken from them so. it is not quite clear with these farmers that are now outside zimbabwe that are now in neighboring countries we will qualify for compensation for for them to be brought back to the land yes there may be given but if you look at the figure that the government has put on the table today like this statement that came out from the finance minister in the agriculture minister saying that they have set aside fifty three million are tedious dollars it's insignificant was this money is not enough to compensate the farmers because if you
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read to the u.s. dollar today it comes up more broadly to a board just eighteen million and you're looking at four thousand farmers that needs to be compensated so just briefly is the whole scheme realistic at all. speaking to some of the farmers that lost lend they are actually taking it as a drop in the ocean because they're saying that it may be government sure all propaganda is sure to try and lure international support and to try and do we need to address to say that they are trying to do something to redress what happened to the white commission farmers so yeah it may not be significant to say ok we'll have to leave it there privileged thank you very much for getting your take on the story. now if
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a warning pops up on your cell phone in your south african the lights could go out power cuts become a regular frustration and a national election is around the corner governments promise to ease the situation but experts warn it could get worse before it gets better. no business is immune to south africa's power outages even those dealing with the dead need electricity. so are you need to upgrade you want to know if the large scale rolling power outages have returned to the country they're aimed at preventing a complete national blackout load shedding as it's known is leaving businesses and households in the dark for up to six hours at a time. when you feel very good of them but on. the generator so. it's a critical need in the sensitive businesses like this one might produce can not be cheap yeah. if i don't keep my
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forty's full i don't know if. electricians are struggling to keep up with orders. all my customers are in a panic trying to get generators from me and however the suppliers can only supply me with generators in a month or two it is really affecting customers. the outages are proving profitable for manufacturers of electrical equipment. orders for installations and rentals are rising rapidly as these companies work around the clock to meet demand in an industry worth an estimated one billion euros per year. i think we probably would be looking at anywhere between thirty forty percent increase in sales what we have seen over the past few weeks it's a significant increase in terms of quotations in terms of or does in terms of cause for shoots and this is. the baby coping. and this growth could continue as
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state power utility eskom battles to keep the lights on with its network of aging and poorly maintained coal fired power stations so we've just been forced ten days of the worst power shedding through a trick an economy course primarily by poor coal. over stuff in your future that you have over thirty thousand people excess as well as governments try just last twenty years far as i can see this is going to carry on for at least another five years because they need to build new coal mines. like this funeral home the vast majority of small businesses are dependent on electricity for owners the prospect of waiting that long is a disastrous one. you see these kids on for more yeah it is. good for my kids. and not just his business is going out cape town correspondent allison get on the
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phone now. probably not by a skype because there are blackouts right now as well and that's causing problems. can you hear me first of all yes i can you tell me how frustrating is the situation for people working there people like you was well your you're working there as a journalist but also companies like like the ones we saw the take of there for example it must be an extremely frustrating and awful situation in some situations . it is extremely frustrating definitely also because a lot of time some of those warnings about the power doesn't go out actually still on now but that's also it's also the kind of insecurity you never kind of know when the power will be on know when the power will be off and it's easy to see all of this is that that's called a forty two to buy a generator even if they can find one and if they are available they just consequence can buy any and you know the restaurants cafes to preserve its bridges
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go out of that goes to waste so it's all kind of different sectors are definitely yes suffering from this can i can i but one more thing where we're talking about one of africa's key economies the one that stunted right now as far as growth figures go and in aid of household spending and investment both of which are tricky when the power is out yes no definite i mean here as well from foreign investors of action are saying that stuff exists south africa now because this is just too big of a risk going on top of that because as the power utility they need money to exist in buying. power plants we also see that the price hike in a victory city and that's not good for investors across also not good for the computer i think it will probably get worse not just because there there's just not enough capacity also not in the future but also when just coming up here so eskom has the warning today like the risk of very high that the power will be switched
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off again this week such that africa is very unhappy and that we have elections in the distant playlists i gather they keep your candles and they thank you very much . and just briefly the world bank has last its growth focused to sub-saharan africa this year to two point eight percent down from three point three africa post the low banks by annual report on african economies released today cited a volatile global economy amid rising trade tensions as a reason for the cut its mystic challenges in sub-saharan africa's biggest economies like oh production area has also added to the downgrade is joining us.
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with different languages we fight for different things that's fine let me also make up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for minds. i'm not going to think out of the gym i guess sometimes i am but i sound nothing which is not a reason to have them think steve interject my culture of looking at the
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stereotypes question in here think the future of the country that i'm not. needed to rethink for this drama there. it's all doubt. ok. i might go join me in the. post. this. coming up in the next fifteen minutes is drowning in plastic waste we speak to the woman who's trying to make a country's government plastics completely halfords by thousands also coming up. live for me that. rethinking life into the building its books and its reputation.


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