insert_link Business / Economics 04 March 2024 Morning Biz News: Financial Highlights: Schwenk Zement, Rand Stability, CBN Forex Crackdown, and Oil Price Surge 1. Schwenk Zement International Terminates Purchase Agreement In a recent development, Schwenk Zement International GmbH has officially terminated its purchase agreement with RWCo GmbH concerning shares in Schwenk Namibia (Pty) Ltd. The stumbling block cited by RWCo is the Namibian Competition Commission conditions linked to the deal's approval. RWCo argues that these conditions lack a legal basis under Namibian competition law. The termination brings an end to what was expected […] todayMarch 4, 2024 12
insert_link World Biden approves funding to prevent govt shutdown US President Joseph Biden has signed a bill that prevents a partial government shutdown taking effect on Saturday. The House and Senate both passed a measure on Thursday which extends the deadlines, with the aim of getting longer-term deals done in the coming weeks. Nick Harper reports from Washington. todayMarch 4, 2024 18
insert_link Namibia Minister Kawana Addresses Investigative Challenges: Over 4,000 Cases Pending Nationwide Minister of Home Affairs, Immigration, Safety, and Security, Albert Kawana, disclosed that 4,377 cases are currently under investigation by the Namibian Police nationwide. Speaking in parliament, Kawana attributed the delays in solving these cases to a lack of resources and manpower. Financial constraints, shortage of personnel, and logistical challenges were highlighted as the primary obstacles. The highest number of unsolved cases is in Khomas, totaling 2,736, followed by Oshana with […] todayMarch 4, 2024 26
insert_link South Africa UDM Leader Bantu Holomisa Declares Upcoming Elections Pivotal for South Africa’s History During the United Democratic Movement of SA's manifesto launch in Midrand, Johannesburg, party leader Bantu Holomisa underscored the significance of this year's elections as a pivotal moment in South Africa's history. Holomisa asserts that these elections could mark the end of the ANC's three-decade-long one-party dominance, accompanied by the eradication of the corruption tolerated during this period. He envisions this upcoming electoral milestone as an opportunity for the people of […] todayMarch 4, 2024 42
insert_link Namibia Persistent Withdrawal of Gender-Based Violence Cases Raises Alarm for Namibian Police Chief Inspector Ileni Shapumba, the Unit Commander for Community Policing in Erongo, Namibia, expresses deep concern over the ongoing trend of complainants withdrawing gender-based violence cases. Despite repeated police advisories that such cases should only be withdrawn in court, Shapumba highlights the disconcerting occurrence. The worry intensifies as two repeat offenders, previously involved in murder and attempted murder cases in Okombahe and Swakopmund, are reportedly released from custody following the […] todayMarch 4, 2024 20
insert_link Sport ‘World class’ Foden reaches new heights as Man City inflict more misery on Man Utd Pep Guardiola said Phil Foden has become a "world class" talent capable of deciding big games after the 23-year-old scored twice in Manchester City's 3-1 win over Manchester United on Sunday. Marcus Rashford's wonder strike had fired United into a shock lead at the Etihad. Erling Haaland was then guilty of a miss that will go down in Premier League folklore when he fired over an open goal […] todayMarch 4, 2024 2
insert_link Sport French blank Britain to capture LA Sevens rugby title France beat Great Britain 21-0 in Sunday's championship match to capture the World Rugby SVNS Series title at Los Angeles, completing a stellar debut for Antoine Dupont. Antoine Zeghdar's try and a conversion by Stephen Parez-Edo Martin in the seventh minute lifted France ahead 7-0 at half-time. Martin converted his own try in the ninth minute for a 14-0 French lead and Theo Fornier added a try in the 13th […] todayMarch 4, 2024 3
insert_link APO International Africa defies odds to become the world’s second fastest growing region, African Development Bank’s Adesina tells ambassadors in Abidjan Africa’s economies continue to grow faster than the global average of 3% demonstrating resilience against several challenges including climate change, geopolitical tensions, rising inflation, food insecurity and rising debt. The President of the African Development Bank Group, Dr Akinwumi Adesina said, “It is forecasted that Africa will account for 11 out of the 20 fastest-growing economies in the world in 2024,” adding, “15 African countries have posted output expansions of more […] todayMarch 3, 2024 1
insert_link Business / Economics Looking for your ‘calling’? What people get wrong when chasing meaningful work Searching for your ‘calling’ can be a source of joy – but also stress and distraction. Tom Werner/Stone via Getty Images Garrett Potts, University of South Florida As a professor, I’m fortunate to teach a course called World Religions for Healthcare Professionals that prepares students for the spiritual and ethical issues they may encounter in their careers. But the class often boils down to life’s big questions: What makes life […] todayMarch 3, 2024 7