24/08/2012 World Business Report

believes its readers have a right Welcome to the programme. This is

your chance to catch up on all of the latest Business News. The Greek

Prime Minister will meet with the French President and German

Chancellor. The big question is, will he be able to convince them to

give him more time? Jacob Zuma sets out terms for an inquiry into the

killing at the mine. A South Korean court reaches its ruling on the

Apple and Samsung case. Let's talk eurozone first. Antonis Samaras

will visit the German Chancellor later today in Berlin. He is

expected to repeat his request for more time to honour the spending

cuts that his country has promised to make. One Saturday, as he will

make the same plea to Francois Hollande. Germany and France have

put up a united front, stressing that grey smudge of -- must honour

its commitment. Let starred -- let's start with the story behind

all of this. At the news to come up with 11.5 billion euros worth of

savings. -- Athens needs. This is the huge amount. This has been

repeated. Antonis Samaras wants European leaders to stop talking

about Greece lead in the euro. It is making it harder for him to push

through plans. It was always going to be difficult. He has got a point.

If people think Greece will leave, they will sell assets that might be

valuable. On the other hand, this could be a bargaining tactic. Maybe

he wants to buy time. I think he wants more time to have a chance to

put his cuts and place. This is a time when a negative economy impact

is affecting Germany. There is an element of bargaining, I believe.

Ultimately, I think what Angela Merkel and Francois Hollande have

in mind is the fact that they do not know if they are ready for a

containment policy for Spain and Italy if Greece believes. We know

that the Spanish plan is not in place yet. Clearly the issues have

been put in the background with Italy. It is a very tricky

situation in terms of time. In the next couple of weeks, there will be

a lot of discussions. You mentioned the words tricky. How tricky does

it become when we see numbers like we saw yesterday? The eurozone is

shrinking. The big worry, this rot that started in the peripheral is

starting to take hold in the likes of Germany and France. If the

eurozone slips back into a second recession in three years, does that

change the appetite for help and the likes of Greece?

They have the problem is reaching Germany, Germany might be willing

to negotiate. -- if the problem. This is all good in theory. If it

is applied to strongly, the medicine will not kill the patient

but it will be difficult to swallow. This is an issue that has a time

when it. We are running out of time. -- limit. This is the result of a

lack of swift decision-making and dramatic approaches. This is what

we have seen in the US. There is the complication of having so many

different countries. Different nationalistic outlooks. It is time

to promote structural reforms and move on.

We will be talking to you again in about ten minutes. Now let's take a

look at newspapers. We always appreciate you on the shore.

South Africa is a morning instead miners. They were victims of a

crackdown by the security forces. President Jacob Zuma has set up

terms for an inquiry. The dispute claimed the lives of 44 people. It

began as a protest for wage increases for miners doing

dangerous work. It has become something of a tug-of-war. The

country is ill at ease with itself. This is 18 years after the end of

apartheid. Miners come here in the northern

province from all the country. It is simply because there is work

here. There are complaints about conditions and wages. The men who

won at the mine -- run the mindset that 4,000 people live in these

hostels. Thousands of others leave end -- live in informal settlements.

It depends on their pay grade. The conditions are basic, putting it

mildly. I was shown around the area by this man, one of the striking

miners. He said families here only had one rule for.

Everything is here. Sometimes the water is not coming out. It is very

difficult. Meetings are being arranged by striking miners and the

management. This man is sympathetic to the problems of the miners. He

is a German offer foundation which monitors the conditions of the

workers. -- chairman. The living allowances are not sufficient. The

workers are living in appalling conditions. This is not right, any

employer must provide facilities for the workers. They must do

better for the people. This has become far more than a dispute

about wages. The ANC has been in power for 18 years. They are

increasingly criticised for not delivering what jobs are public

services. Its leaders are seen as elite and removed from ordinary

people. They want to make more money.

Politicians are not doing as much as they promised to do. The poor

must be looked after. That is what they promised. Wealth must be

shared. It has been an extraordinary and frightening week.

It started with the killings at the mine and has ended with soul-

searching over problems which affect the entire country.

Our correspondent is an our Singapore office. Lots to talk

about. Good to see you. We have got the biggest technology battle in

history taking place. We are waiting for the verdict from the

Judy in the US to do with Apple and Samsung. -- the jury. There is news

from Korea already about the cases. That is right.

The Seoul caps central -- Central Court has ruled on the patterned

case. They ruled that Apple has infringed two patterns held by

Samsung and Samsung has infringed on one held by Apple. Products held

by both companies have been suspended from silt. This includes

the iPad 4, the iPad 1. These infringed telecommunications

patterns held by Samsung. Also, one of Apple's patterns has been

infringed on, relating to screens and a bounce back ability. This

includes various models of the cap galaxy. This story has captured

headlines for several months. The penalties have been relatively

small on both sides. Apple has paid Samsung just over $20,000. Samsung

has paid a, just there were $35,000. Shares in Samsung are down. -- paid

Apple. We are waiting for a decision from California. The jury