:00:00. > 3:59:59overthrew the government three years ago.
:00:00. > :00:15.Now it's time for World Business Report.
:00:16. > :00:18.Could a vote by secret ballot oust South Africa's president,
:00:19. > :00:26.We talk you through what's at stake.
:00:27. > :00:29.Plus formula milk is big business in Hong Kong.
:00:30. > :00:40.We assess the obstacles there to breast-feeding.
:00:41. > :00:47.China's appetite for stout beer is soaring.
:00:48. > :00:58.faces another vote of no confidence in parliament.
:00:59. > :01:01.This time it will be a secret ballot.
:01:02. > :01:03.Mr Zuma has been under constant pressure over everything
:01:04. > :01:10.from corruption allegations to a controversial cabinet reshuffle
:01:11. > :01:13.that saw his widely respected finance minister, Pravin Gordhan,
:01:14. > :01:18.That prompted two credit rating agencies, Standard Poor's
:01:19. > :01:20.and Fitch, to downgrade South Africa's credit worthiness
:01:21. > :01:28.to junk, hugely increasing borrowing costs.
:01:29. > :01:30.And in June, the economy, once the continent's largest,
:01:31. > :01:33.fell into a second recession in a decade.
:01:34. > :01:35.Figures out yesterday show the country's unemployment rate
:01:36. > :01:41.remained unchanged at close to 28% in the second quarter.
:01:42. > :01:48.That's about five million more than in 2009.
:01:49. > :01:51.With me is William Attwell, senior analyst, Sub-Saharan Africa
:01:52. > :02:04.Nice to see you again, William. Thanks for having me on. What do you
:02:05. > :02:09.think will be the outcome of this boat? He is known as the great
:02:10. > :02:16.survivor. Will he survive again? Yes, so essentially Jacob Zuma is
:02:17. > :02:20.fairly safe actually. He has had nine votes of no confidence before
:02:21. > :02:23.and survived all of them. This is of course different with the secret
:02:24. > :02:29.ballot, which the opposition says would protect those ANC MPs who
:02:30. > :02:33.might vote against him. Certainly there are several MPs who've come
:02:34. > :02:37.out very publicly, saying they would vote with the opposition, but
:02:38. > :02:41.ultimately, within the party, the majority of the MPs, the opposition
:02:42. > :02:44.would need 50 to vote with them, but they are not going to get those
:02:45. > :02:51.numbers, simply because of those MPs fearing a backlash through some sort
:02:52. > :02:56.of internal investigation later. So what will finally toppled Jacob Zuma
:02:57. > :03:01.then? I know he is stepping down as head of the ANC in September this
:03:02. > :03:09.year, but he remains president in theory since 2019. I suppose Zexit,
:03:10. > :03:16.as you could call it, will happen. It's a matter of when rather than
:03:17. > :03:19.if. Till 2019, he will hope to stay in power by having his former wife
:03:20. > :03:24.the head of the party, which he hopes will protect him, perhaps
:03:25. > :03:27.allow him to stay on Npower little longer, and hopefully avoid
:03:28. > :03:31.prosecution in his eyes. In the meantime, what will happen to the
:03:32. > :03:39.South African economy? It's taken quite a heavy hit. We mentioned the
:03:40. > :03:47.event, Pravid Gordan being shuffled out of his position. You mentioned
:03:48. > :03:52.the rand, just after the secret ballot was announced, it increased
:03:53. > :03:56.2% against the dollar. Essentially any meaningful reforms that can
:03:57. > :03:59.improve the economic situation, we are forecasting considerably less
:04:00. > :04:05.than 1% growth this year. Basically all reforms that would help redress
:04:06. > :04:08.the situation are off the table. Internal politicking will dominate
:04:09. > :04:13.the headlines for the next five months. Thank you very much. Of
:04:14. > :04:16.course we will give you the outcome of that secret ballot as an when it
:04:17. > :04:17.happens in South Africa. Apparently it is now eclipsing
:04:18. > :04:21.the American market. Rico Hizon is in our
:04:22. > :04:30.Asia Business Hub in Singapore. So nice to have you back.
:04:31. > :04:38.You've been missed. Great to be back! It's a lovefest here...
:04:39. > :04:44.Goodness me. Chinese drinkers will consume more than 216 million litres
:04:45. > :04:48.of stout beer this year, and that number will surpass the United
:04:49. > :04:58.States as the top market for this dark brew worldwide, and this is
:04:59. > :05:01.according to the latest report from Euromonitor International. For our
:05:02. > :05:05.viewers who don't know what stout beer is, it's a dark beer using
:05:06. > :05:09.roasted malts, barley, hops, water and yeast, so American drinkers had
:05:10. > :05:14.previously taken the crown from the British in 2013, but now both
:05:15. > :05:21.markets are just growing at a fraction of the pace in China, where
:05:22. > :05:28.brewers such as Diageo and Guinness have benefited from growth of more
:05:29. > :05:31.than tenfold over the last four years, so they are projecting
:05:32. > :05:38.Chinese demand will more than double to around 660 million litres by
:05:39. > :05:43.2021. I'm not a beer drinker, Sally, so for all stout beer drinkers,
:05:44. > :05:47.well, this is good news. That's a heck of a lot of beer, I
:05:48. > :05:49.have to say! It's good for the manufacturers...
:05:50. > :05:51.Thank you. And now it's time for the next
:05:52. > :05:53.instalment Today we focus on the great debate
:05:54. > :05:57.about breast-feeding In Hong Kong formula is proving
:05:58. > :06:01.to be a lucrative business and breast-feeding rates are among
:06:02. > :06:04.the lowest in the world. Juliana Liu has been
:06:05. > :06:16.finding out why. Sometimes, professional assistance
:06:17. > :06:26.is needed to help a new man achieve that perfect latch. Yes. Lactation
:06:27. > :06:29.consultant Christine Lam has been teaching breast-feeding for 20
:06:30. > :06:34.years. It's still an uphill battle. Quite a lot of mothers in hospital.
:06:35. > :06:39.The breast-feeding rate on discharge is very high that when they go home
:06:40. > :06:43.it will drop. Nearly all mothers are breast-feeding on discharge from
:06:44. > :06:47.hospital in Hong Kong but that rate falls to a third when their babies
:06:48. > :06:51.are four months old, one of the lowest rates in the world. Locally,
:06:52. > :06:57.this is the average for babies under six months old. One of the reasons
:06:58. > :07:03.for the low rates in Hong Kong is the ubiquitous advertising
:07:04. > :07:07.artificial baby milk. Two years ago, formula makers spent $370 million on
:07:08. > :07:11.advertising, nearly as much as the Health Department spent on disease
:07:12. > :07:16.prevention for all ages, according to a group funded by UNICEF. That
:07:17. > :07:19.amount is set to fall after the official launch this summer on a
:07:20. > :07:24.voluntary code that restrict the marketing of infant formula. The
:07:25. > :07:30.city's top health official says the goal is to protect breast-feeding.
:07:31. > :07:34.And, if there are problems in running this code, using this
:07:35. > :07:41.voluntary nature, then obviously we would consider whether or not that
:07:42. > :07:48.legislation should be in place. New man Sheena Shen uses the guidelines.
:07:49. > :07:53.She is breast-feeding her one-month-old baby but admits
:07:54. > :07:57.continuing will be a challenge. It's difficult to breastfeed as a mother
:07:58. > :08:03.because of short maternity leave. It's just ten weeks and I had to
:08:04. > :08:07.work six weeks after birth. At a pro breast-feeding event, mothers here
:08:08. > :08:10.agree that short maternity leave a long working hours and a lack of
:08:11. > :08:15.sleep are all obstacles. They say the government guidelines will help
:08:16. > :08:17.but, on their own, they are far from enough.
:08:18. > :08:21.Do you think it is fair that formula milk brands
:08:22. > :08:35.The Google employee who wrote a memo critical of the firm's diversity
:08:36. > :08:38.initiatives has been fired from the company.
:08:39. > :08:42.A male software engineer argued the lack of women in top tech jobs
:08:43. > :08:47.was due to biological differences between men and women.
:08:48. > :08:50.Google's chief executive responded by saying the contents of the memo
:08:51. > :08:57.However, portions of the memo crossed the line.
:08:58. > :09:00.The world's biggest hotel chain will partner with Alibaba to tap
:09:01. > :09:02.into the growing number of Chinese tourists.
:09:03. > :09:05.Marriott International says the joint venture will allow Chinese
:09:06. > :09:10.travellers to book rooms using Alibaba's travel website.
:09:11. > :09:13.They'll also be able to pay for their hotel bookings
:09:14. > :09:19.Chinese travellers are expected to take roughly 700 million trips
:09:20. > :09:29.Tesla plans to raise $1.5 billion to pay for production
:09:30. > :09:37.By the sounds of it, many will be drinking stout beer on their
:09:38. > :09:43.holidays as well! Let's look at the markets:
:09:44. > :09:50.Basically, these markets have been going up, up and up, so no
:09:51. > :09:56.surprises, a slight fall in Asia today, but look at the Dow, going
:09:57. > :09:59.higher and higher again. I'll see you again very soon.