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Detailed text transcripts for TV channel - DW - 20180216:05:03:00

up the power of. china turns to factory style farms to boost production to squealing new heights. this is your business update on helena home free in berlin thanks for joining me south african stocks all suddenly in demand often nine years of jacob zuma his presidency punctuated by scandals policy uncertainty and stagnant economic growth this hope of a turnaround and local currency the rand has soared to a near three year high against the us dollar equities also searching and now parliament s elected a.n.c. party leader cyril ramaphosa as president. so it s africa s economy took a beating under x. president jacob zuma it s full mental recession the country s bonds are rated junk on its political elite is no longer trusted. and due to political mismanagement its second largest city cape town is running actually water fast growth has declined

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