To any credible. Welcome to a. W. Business owners lose patience. On the countrys energy crisis. Boris johnson. Says. At home and abroad. Is business Africa Africa business. As well and we start in south africa where the government has made it urgent call to the Energy Industry to help find extra capacity. Crisis states of eskom was the main subject South Africans have been dealing with the worst power for a decade this week paralyzing business across the country. How do you run a cafe in a blackout no lights no coffee machine no electricity. Businesswoman mike spear speaks from experience when she says you cant. Coffees and t. s are afflicted review the boxes of 2000 rand if we morning if it happens in the mornings even afternoons people want they want ever just because make toast to cheeses we cant use any of those devices either mike his business is a victim of the rolling blackouts that this week reached a new level of severity made worse by flooding there were enough to force president Cyril Ramaphosa to cut short a trip to egypt on wednesday back then he blames state Energy Workers for part of the problem so there has been a measure of each sub. That has led to the loss of during this period of 2000. Merkle whats. South africas debt laden Energy Supplier eskom has been dealing with its hopeless lack of capacity through a process called load shedding South Africans are regularly seeing their power being switched off because theres not enough to go around and this is the basic me we needed to see it. Economists fear its effects on south africas finances floated in the dampening effect could will cause the economy to reduce to an official recession but is not cool with the economy to collapse. What is concerning is the fact that this stage of low trading was not anticipated. Now the South African government is appealing to the Energy Industry to help it find an extra 2. 00 to 3000. 00 megawatts of new capacity without it the lights will continue to go off and the cafes will continue to be shut. Our correspondent from go is in as we saw there in the report how owners of Small Businesses are making the best of a bad situation an economist actually talked about a looming recession is the Business Community in south africa losing patience. Well definitely and as you say its meaning to the Small Businesses its the cafes its the small retailer that constitute any payments when when the power goes off i think in a store myself this week as well and wants to buy something and they just shut the door they say look sorry we just need to crochet shop so this is definitely you did eventually suffering on the bad figure businesses have generated so so do you keep the business open and the dismissal businesses sconce and so far what the government has says that they at least need for the end of march to sort this out so people are definitely losing its spacious and its Holiday Season coming up its the big Summer Holiday coming up now so theres also a lot of local Tourism Industry hotels small b. M. D. Is that say what do we tell to all these foreign visitors coming here that we comp make them a coffee or we call and yet keep the lights on its becoming a bit of a National Embarrassment that theyre on the desk almost as a and its all the states Railway Operator all need government cash now is this going to be a Bottomless Pit yet its indeed a big problem and its basically its years of mismanagement and corruption name the former president jacob zuma a lot of the state dont answer prizes for just used to give his friends management positions they were used as a. T. M. s basically so yeah from across has a lot to sort out their guarding ask um theyve now said that state wants to try and increase the tariff so they apply its at the National Energy regulates a suit to increase the prices which will probably be an increase of 17 percent so thats also makes South Africans a very upset they say we dont have power and now you want us to pay for more for it as well business definitely not happy about that either ellis bungled or in cape town thank you very much. Maybe us economy is continuing to shrink during the 3rd quarter off this year g. D. P. Fell by 0. 8 percent compared with the earlier its the 4th quarter lead contraction in a row slumps in mining and korean contributed most to the latest from libya has also been suffering the effects of its was drought for 90 years problems with its stricken main Energy Supplier south africa believing to regular black ounces. The decisive results of the u. K. General election move european markets of friday british voters handed the conservative party a large victory making breaks it all but after years of uncertainty the value of the pound surged to its highest point since 2016 and u. K. Stock markets also gained the conservative solid majority in parliament paves the way for britain to officially exit the e. U. At the end of january the pound rose sharply on the news hitting its highest level since 2016 equity markets welcomed the outcome but i think this very shortsighted because in the longer run there are still lots of uncertainty there will be long negotiations between the u. K. And the e. U. On the future trade agreement so i think there is this cheerfulness today could very easily disappear but now its at least clear that britain will finally move forward with brics it. Will the German Economy its important that there is a decision concerning brics its 3 years the companies are unsure when and how breaks that will happen now is the time to make sure that the companies have something which they can plan of and therefore the new government should decide quickly how to proceed with tax that the u. K. Is departure will start a new phase of trade negotiations between london and the 27. 00 remaining e. U. Members if it is a free trade agree. Meant as may be possible the damage to both european German Companies and to British Companies will be limited because free trade means there will be low tariffs or no terrorists regulatory alignment however if there is no Free Trade Agreement then there could be substantially bigger cost particular to britain but also to the German Economy with the lack of clarity about future economic ties with britain many German Companies have been hesitant to make new investments since the brics it referendum. Lets bring in christiane blue hes an economist at the battles on Foundation Foundation a think tank and joins us now from. Johnson wants to leave the u. N. General. Trade deal with in the year how realistic do you think that is and well its a realistic that Great Britain will leave the European Union on january 31st but where there are a trade deal can be done until the end of the year is much less certain the only thing that could be done in such a short time is really a trade deal thats very superficial and only deals with tariffs and quotas but that wouldnt really make trade very easy in order to do that you need regulatory alignment and thats not possible in such a short time. What about the Financial Sector will will be better off the british Financial Sector that this will be better off outside of the. Of the you. Look at deregulation. I dont think so because the british Financial Sector is losing the access to the European Union that it previously had and that makes it much less easy to access this large market where possible deregulation even if it is possible can compensate for that im very skeptical we want to British Business is there on the other hand expect from the johnson government will he diverged much from her and the e. U. Legislation using. Thats indeed the interesting question the large majority has given Boris Johnson an opportunity for pragmatism my that i mean that he can actually strike deep trade agreement with the European Union that would minimize disruption for businesses. But for that he needs to kill the electoral promise that he wants to do a quick trade deal within a year which is unrealistic what is British Business now wants from jobs they should really put all the pressure that they can on the government to negotiate the best rate deal possible with the European Union it is by far the most important trading partner for the european for the United Kingdom a trade deal with the United States could not compensate for this in its entirety. A deep trade deal in the sense maintaining a large regulatory alignment staying as close to the Single Market as possible that is what really would help British Businesses in order to carry on their business as they can. From the Bertelsmann Foundation thank you. The u. S. And china agreed on a partial trade deal it will hold new tariffs on beijing that would you take effect on sunday president on the trump tweeted that the 2 sides had agreed on many structural changes and massive purchases of Agricultural Products energy and manufactured goods by china beijing has confront the tariff rollback deal though farm purchases remain unclear. Now to some of the other Global Business stories making headlines today makers of popular weedkiller glad to say pushing for its use within the e. U. To be allowed beyond 2022 firms asking for its approval to be extended is German Chemical Company by several e. U. Countries have said they plan to ban bluff say because of controversial claims it causes cast. Member states have given the green light to a new climate deal to make the e. U. Carbon neutral by 2050 all states voted in favor with the exception of poland which has until june to decide poland still relies heavily on coal as an energy source. And thats it from me and the Business Team here in the states soon news africa with a michael jr is up next. A quick update on Global Markets at this hour. It was the speech of his life perhaps his best certainly his most difficult. The speech by calling dresden on december 19th 1989. Shortly after the fall of the net the chancellor addresses the people of east germany. The mid east tense the crowd clamors for the german unity journalist peter lim borg was at the scene. 30 years later he looks back on the time interest and starts to simmer 19 d w y subscribe to g. W. Books you meet your favorite writer sometimes the story calls me and you have to respond to the ebooks. This is the that new news africa coming up on the program to know and insights to Zimbabwes Health crisis as the public dr strikes dr song best fried piece sans overrun chez hospital. On the while a leak in mali springs dramatically villages dependent on it for the out live little to try to save it from drying up completely