Affect a lot of solution Climate Change the return. Pollution shut down. Blackout off the blackout sought out because you too that the conch give its act together will the fresh fall of 1000000000. 00 in taxpayer cash put it into our lives just a bunch of coal fired plants. And the feet end of an era as mario draghi hence the helm of the European Central bank supposed to love god is failed as the savior of the euro buzz saw but many are saying is hes leaving behind a weak. Currencies are born survive the next crisis this is business africa on the health as well. South africas government is forking out the equivalent of another 4000000000. 00 u. S. Dollars to save the countrys oldest and Largest Power Company has come from financial disaster funds are intended to help pay off its enormous debt burden currently valued it well over 30000000000. 00 some so large that Goldman Sachs now describes the state own entity as the single biggest risk to the countrys economy so whats gone wrong its a show on a lot outdated infrastructure corruption and mismanagement as well as rising costs left the company unable to meet soaring demand an over reliance on coal is another problem the result has been an ever increasing number of large scale blackouts strain the economy further angering South Africans the most recent of them just happened last week up in the pressure on South African president a sarong opposer to take Decisive Action to find a solution to the crisis at the company now to find out more about how eskom with his comms woes are going down in south africa joined by alice fungo then johannesburg ellis this is not the 1st time you and i are talking about eskom why is this crisis not going away. And probably the last numbers well im afraid because the problems are just too big and too many to mention already as some of us also mismanagement there. And as you said as well that there is lack of infrastructure and very old infrastructure and then the infrastructure that has been built thats also one of the immediate problems that africa builds to of their kind of biggest cool fire its generating plants in the world and basically theyre not functioning well and that wasnt the reason for the last last blackouts that we have here the past week and basically that design is wrong and in the 6 is not going well and the reason i was that someone to convey the bells to transport a call to electricity kronstadt were not working trucks needed to do the work and well thats just one reason in the long list of things that are not going off as governance is not happening. Another 4000000000. 00 us dollars worth of taxpayer money to South African say is that money well spent of course im not happy with the situation at esko but they do want the lights on and mainly Small Businesses are hard hit of course when there is no chang Small Businesses that dont have the money to have generators i mean they use clients they conquered use the concept payments so they want the lights on and i think that south africa is more worried by price increases weve already seen a couple of folk price increases of electricity this year and ask them has said to keep on going to have to have more price increases in future and i think that hits people more directly in that pocket so what im more worried about that for me would does this as calm saga have the potential to at some stage great grandpa says back. I think it will break him but people do want to see some decisiveness from him in february he actually said that they were going to restructure eskom that right going to to meet 3 divisions one thats generating of the electricity one division as it does the transmission and another that does the distribution and the reason for that he said is that that way he could have more transparency to have more efficiency and also competitiveness so that should be good for the company but so far almost at the end of the year we havent heard anything about that and also. There is an acting c. E. O. What in july. C. E. O. Resigned he said the job was to mung and you can imagine with all these problems so there has not been any c. E. O. Ever sent an acting c. E. O. So minister of finance it said this week that they are actually looking for somebody and that somebody competent going to take over so that africa really hopes that the cas yet they dont mind this to continue and they really need somebody good feelings that come. Its not such a call its hard to see how are you going to get out of. This fungal or thank you very much. Counting is underway in botswanas elections and its going to be a nail biter thats one a seen as a big can of stability and democracy across Southern Africa the diamond rich country is facing serious economic challenges one of those is high unemployment which official numbers pegged 70 percent but opposition parties believe it is much higher economists say the challenge for the new government will be to move from diamond led growth to diversify the exports. The balance has been cast the counting already underway this is said to be the tightest election botswana has seen since gaining independence from britain in 1966. The countrys current president sisi who is b d p party has been in power for 53 years campaigned on the promise to transform the countrys economy. With only part of the stroke in the knowledge economy were the only party thats a market in policies and programs to migrate in that direction were digitizing and heres why it calls for Economic Diversification are growing across the board but one is rich in minerals and Natural Resources but critics say that the solid growth of the past few years has relied too heavily on the highly volatile diamond industry now the limits of that model are becoming apparent projections for this year suggest that while growth will remain solid it will fail to keep pace with lost. The biggest challenge by far to the ruling comes from this man to mup oco who leads the opposition umbrella for Democratic Change or u d c he accuses the government of quote terminal passivity. Known as a beacon of stability and lauded for its tourism attracting wildlife complacency could indeed be the biggest threat to botswana as economy. The countrys grown relatively rich from diamonds but in unpredictable markets along with high inequality and low job creation have taken away their sparkle. For some good news on the topic of pan african trade the continents tourist industry is now more from a local tourist than from foreigners it was travel and Tourism Council says domestic holidaymakers contributes 56 percent of africas tourism revenue the continents growing middle class travels more often though as incomes rise in some countries and better roads and low Cost Airlines make it easier to get around. Some of the other Global Business stories making headlines today russia africa summit egypt and ethiopia agreed to restart technical talks on ethiopias nile river dam project the 2 parties have been at loggerheads egypt is downstream from the dam and relies almost completely on the free flowing water russias president Vladimir Putin has also spoken with the 2 sides but its not clear if they accepted his mediation. Garbage is piling up in greece after collectors went on strike against plans to outsource Public Services fearing job losses they protested outside parliament raft of labor labor reforms for debate greeces exited its 3rd Bailout Program a year ago but is still supervised by foreign lenders who want more labor market flexibility. After 8 years at the helm of the European CentralBank President mario draghi has held his final policy meeting today is handing over the reins to former i. M. F. Chief Christine Lagarde later this year is famous 2012 statement whatever it takes to preserve the euro at the height of the currency zones financial crisis will go down in history fall is the drug. Behind the divided governing council last month of its members opposed his move to restart quantitative easing thats printing money to buy bonds from governments and companies as a way of stabilizing the euro zone in his final press conference that ended just minutes ago he was asked by a reporter what kind of advice he has for his successor Christine Lagarde heres what he had to say no advice is the she knows perfectly well what she has to do and by the way she has a long period of time ahead you know we should have 2 floor pair on view to get that we can go in council about what to do but the stop here really. So lets bring in Chelsea Delaney a financial correspondent in a frank 1st who is listening to this full statement he leaves an empty us know that for his successor Christine Lagarde kemi expected change of direction from. Christine lagarde and all of her public statements so far has sort of mirrored drive these policies she said this sort of highly accommodative policy is warranted if you look at the european economy at the same time there are sort of these of these bigger questions of what does Christine Legarde have at her disposal now you know mario draghi has really taken Monetary Policy to the edge of whats possible and there are definitely questions about that there are a lot of discussions about things like raising the limit of bonds that. The e. C. B. Could by cutting rates even lower but even in the press Conference Today march or he was sort of discussing how theres a diminishing return as you get lower and lower and policy here she is also going to focus much like druggy has on the capacity for fiscal easing or for fiscal policy and countries like germany weve heard her speak about that many times. Over there in front food in the flooded financial circles so whats the overall verdict about the drug use to india. Its certainly a mixed mixed assessment here as you sort of mentioned hes widely credited with saving the euro 1st sort of bringing the european project back from the thing brink of collapse hes mentioned making creating 11000000 jobs over the course of these 8 years of the same time has has he met his mandate i think most people would agree no the e. C. B. Still has not been able to reach 2 Percent Inflation theres a lot of concern about the negative side effects of of these policies as well shows the dilemma thank you very much. And thats from me and the Business Team here and for more Business News background stories check out our website thats w dot com slash business and also follow us media were on facebook and on twitter stay tuned to d. W. News africa is next right after this quick look. At this hour thanks watch. Through the point strong opinions clear positions International Perspectives this was supposed to be the decisive week for exit but when how impossible even whether the u. K. Will leave the e. U. Remains unclear now the timetables partly after brussels can westminster seal a deal that are topic on to the point join us. In 60 minutes b. T. W. Im not laughing at the germans because im gonna plan but mostly im nothing with a budget and i think deep into the german culture of. Nudity ridiculous grandma day ill give you. Its cold out there no time rachel join me for me to go from the gulf coast. This is news africa coming up in the next 15 minutes a Technology Pioneer making the world safe for kenya is juliana wrote it has been awarded the 2019 german africa prize shes also the founder of the biggest public why 5 provider in Subsaharan Africa but in her words she. Elaborate or i guess problems. A bit of an urge. And will tell you about the guns on display at the russia africas