People who have something to share. With all the time was kind of the salon i know good quality care when i see it and then good story when i hear it my name is Elizabeth Chong and i work at. The. Japanese Prime Minister shinzo obvious stepping down due to poor health plans of the country out of its economic slump was his calling card but resulted in a mixed bag well take a look at the legacy of auburn all makes. South africa probes its Pandemic Relief Fund for corruption reports of Fictitious Companies and political favors as the headaches for president Cyril Ramaphosa and his ruling party. Also on the show will take you to a resort in india. To turn to fish farming for the guests stop showing up. Welcome to the show im stephen beards of the lead its good to have you with us japanese Prime Minister shinzo auburn else his resignation on friday citing Health Reasons few leaders of developed countries have put their personal stamp on economic policies like the father of other nomics which called for Big Government stimulus to crank up the economy economy rather hope to pull japan out of its perennial deflation trap he leaves the country mired in one of the worst Economic Crises in decades. Sivan years 8 months thats how long it was in office longer than any other Prime Minister in japan when he announced his resignation citing Health Reasons be focused on the crippling effects of the pandemic on the countrys economy which shrank almost 28 percent in the 2nd quarter so how will things shape up without our big the markets reacted to the news of his resignation with pessimism initial report so the nikkei index dropped 2 point one percent by close of trading it was still 1. 4 percent down and the mood on the streets of tokyo. I know im surprised he looked really tired but i didnt think he would resign i wish he could work out or and stay on in office a bit longer. Ive been wanting him to resign for a long time that. He is a controversial figure in japan partly because of his emphasis on his public image in 2012 he introduced an ambitious Economic Program naming it unabashedly after himself christian fundamentalist sort of what weve been all makes i will increase jobs and revitalize the countryside while making citizens livelihoods better. Other nomics was about easing Monetary Policy the Japanese Central bank cranked up the money press flooding the market with fresh new notes they were also credit financed economic stimulus packages initially the program did increase confidence both in the economy and among the japanese population but the risks of average nomics soon became clear the program over leveraged the economy to the point of sovereign bankruptcy and led to a loss of confidence on Capital Markets and already struggling japanese economy was then hit with the effects of the coronavirus with abby out of the picture its up to someone else to pull japan out of the mess. So whats the final verdict on alba nomics professor geoffrey kingston as head of Asian Studies at Temple University japan he told the business earlier today that the approach some more failures than successes i think he was good in terms of the promote he treats trade deal with the he he also rescued the t. P. But what didnt work he never delivered odd structural rates which were the 3rd era about a nomics were supposed to improve productivity he never delivered a woman up he said he was going to help women shy but that hasnt happened. All right geoffrey kingston there Temple University japan over to africa or south african president cyril rather pose a has announced the probe into possible fraud involving the countrys Coronavirus Relief funds reports the politically connected companies to comb much of the money has driven public anger lately and south africas misfiring economy is not helping. But it rising public anger over reports of large scale plundering of the governments 26000000000. 00 coronavirus rescue package south africas ruling a. N. C. Party has called a meeting of its National Executive committee to probe corruption within its ranks. I have authorized the special investigating unit. To probe any allegations relating to the misuse of 19 funds across or spheres of the states. The allegations include the theft of food parcels for the poor and anomalies in awarding tenders for personal protective equipment the special investigating unit is to probe more than 600. 00 Corruption Cases linked to 294000000 dollars coronavirus procurement tenders the president took the unprecedented step this week of publishing a list of all companies that had won coronavirus related contracts response to accusations that tenders have been given to families and friends of the a. N. C. Of the recently established special Coordination Center which is called the Fusion Center which it brings together all. Criminal justice entities to strengthen the collective efforts among Law Enforcement agencies to prevent detect investigate and to prosecute corporate related corruption. The government temporary employer employee relief scheme which was to provide juggler South Africans with emergency Monthly Payments had already come under heavy scrutiny and had been reports of billions of rounds going to Bogus Companies created to receive payments on behalf of fictitious workers. Over to uganda now where the government there has plans for its coronavirus Coronavirus Relief funding namely building up a local domestic Manufacturing Base can you garden Companies Really compete with china which has a significant advantage in the country outside ugandas capital campolo these women and men have a taste deadline to produce half a 1000000 fists musts within 8 weeks they team leader at this government facility once to demonstrate that ugandans can make products that were previously imported. To the Hardware Store and you cant find a single i think that is. Even a ball. And on thing isnt a quote from the roof of a group things like. What is there in the persisting question. To end up in what the public. When moved to. Uganda wants to reduce dependence on imports. This electric bus for instance is made by a Ugandan Company this state has fully funded it as a way of showing how the countrys resources can be used instead of simply being exported as Raw Materials minium that is part of this fuss and if you just hear the bump on the floor this steel which is the biggest component on this bus we have an o. And is an outside contracting that and localizing the supply chain that fuels production in manufacturing less t. A uganda spent more than 880000000. 00 on importing goods from china alone research as see that uganda can keep that if locals produce the goods however the local economy could still lose out if the factories at home owned by the chinese who can rip profits some also argue that because china relies on africas Raw Materials and its market it might not be ready to lose its to the local. Whatever china wants too much of it they come and get here they pick it and grow much are they going process and they bring it back now youre telling them that you know you guys we are going to we want to start our own business entirely what you told them is please get out of here and you do things about so you break them. But that does not seem to deter professor from training up ugandans hes hope is that embracing technology will improve ugandas chances of becoming more selfreliant. Ok and over to india now where its no fish tail or resort in india need a new source of revenue once the guest shot away during the penn demick they look no further than a swimming pool. Carolynn sunshine is what normally attracts people from around the world to the evader resort but this year the pool isnt full of european tourists its full of fish theyve been helping the hotel to survive since the collapse of Global Travel back in march there was not. Very 24th of march there was a log on this we came up on the idea of fish farming because having one of the biggest swimming pools in this region. Splashing about in the 7000000 liters of water a 16000 spot fish there are popular food in Southern India and the middle east the resort owners are hoping to make enough money from them to cover their bills during the closure. The fish will be sold in november hopefully to be replaced in the pool by humans it will take us only a months time to reset the pull back to conditions so we plan to open the resort back by. December january. When the staff can go back to feeding hungry tourists instead. Well weve been reporting on social media sensation tech talk and its recent troubles a bear in india threaten bad and for sale in the u. S. Elsewhere in the world the app is doing better and seeing incredible growth but is it enough is a report from Southeast Asia. 1000 year old sandys of putra is kind of a big deal his fashionable features and ability to pick out of beat have helped him become one of indonesias most successful ticktock starts a year ago he had 30000 followers now he has 10000000 now but one thing we knew and that is that within one piece of content i created was a video in titled no hands it contained some hand motions that were mimicked by a lot of people and it hit 1000000 viewers in a week. Sandy is a member of a young population in indonesia the countrys average age is 30 this makes it a key target market for tic talk as is the rest of Southeast Asia from a mobile. People some of. Them are using one more ball for an up. Tick tocks presence in indonesia hasnt been problem free it was briefly banned in 2018 for hosting inappropriate content and Parent Company bites damns was accused of censoring its indonesian news up plus the control of a c. In the us and india has got stars like sam disappear tra worried theyre going to lose their main platform. But in Southeast Asia the reality is that tick tock like sandys fanbase is only growing. For me and the Business Team here below as always you can find out more about these and other business stories online dot com slash business also facebook and twitter im Stephen Beardsley thanks for watching. Literature invites us to see people in particular. As the kids. Grow up. To do the books on youtube. How does the virus spread. Why do we panic and when will this. Country just 3 of the topics covered and weekly radio show is called spectrum if you would like me information on the krona virus or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at dot com slash science. This is deemed up good use a show coming up to big and. In japan im. Sure jabes deprives longest continuous serving Prime Minister im know he intends to resign its Health Reasons that are forcing him to go but how will this impact japans relations with countries in the region. And infected with the cone of viruses despite our solution rather more indian tribe or just to work 50 members contract sokoto no virus on a Remote Island how did the violence get there
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