insert_link South Africa Gauteng Legislature Calls for Stability and Swift Election Following Tshwane Mayor’s Removal The Gauteng legislature’s portfolio committee on Co-operative Governance and Traditional Affairs has urged for stability in Tshwane following the removal of Mayor Cilliers Brink. Chairperson Mzi Khumalo emphasized the need for a quick mayoral election to maintain smooth municipal operations and uninterrupted service delivery. Spokesperson Pfano Bulasigobo stated the committee will remain engaged to ensure a transparent process prioritizing residents' needs. todayOctober 1, 2024 5
insert_link Business / Economics 1 October 2024 Morning Biz News: Investment Reluctance, Amazon’s New Initiative, and Market Updates A recent report from the 2023 Old Mutual Financial Services Monitor highlights a concerning trend among Namibians regarding investment habits. A significant portion of the population is hesitant to invest, with 37% unwilling to take on any investment risks. This reluctance is particularly pronounced among younger consumers, indicating a potential barrier to wealth accumulation and economic growth. In positive business news, Amazon has launched 'Shop Mzansi,' a new platform showcasing […] todayOctober 1, 2024 6
insert_link Africa Afreximbank to Partner with Africa Collective at Davos 2025 Afreximbank has been announced as the Host Partner for Africa Collective and the AfCFTA Secretariat at Davos 2025, alongside the World Economic Forum reports CNBCAfrica. This strategic partnership aims to highlight African trade and investment opportunities on a global stage, promoting collaborations for Africa’s development. Africa Collective, a platform for pan-African and international stakeholders, encourages the exchange of ideas and collaboration on opportunities across the continent. todayOctober 1, 2024 9
insert_link Business / Economics Experian Index Shows Slight Improvement in South African Consumer Credit Defaults The latest Experian Consumer Default of South Africa Index has recorded a slight improvement in the credit defaulting behaviour of South African consumers. The improvement is across various loan types such as personal loans, home loans, vehicle loans and credit cards in the three months that ended in June. The index indicates how consumers appear to have marginally improved in their debt management. Experian's Jaco van Jaarsveldt told SABC News […] todayOctober 1, 2024 8
insert_link Business / Economics NIPDB to Implement New Governance Structure After Initial Operational Strategy The Namibia Investment Promotion and Development Board will adopt a new governance structure following the conclusion of its 24-month operational strategy. This change coincides with the impending end of the Advisory Board's term, which has been in place since the institution's inception and will conclude on October 31st: The organization's Catherine Shipushu: todayOctober 1, 2024 9
insert_link Namibia Namibians Unite to Tackle Local Authorities and Banking Issues Namibians are banding together to confront local authorities, councilors, technocrats, and lawyers they feel are compromising the interests of citizens. Activist Shaun Gariseb has stated that they intend to petition Parliament to address concerns within the banking sector, emphasizing the need for long-term solutions instead of short-term political benefits. Initial groundwork has already been laid to address the challenges presented by the existing banking system. The LPM's Lifalaza Simataa on […] todayOctober 1, 2024 55
insert_link World Biden to visit Hurricane Helene areas US President Joseph Biden says he plans to visit areas hit by Hurricane Helene in the coming days but does not want his visit to delay getting supplies to the affected areas. More than 110 people are known to have died and at least 600 people are still missing across multiple states. Biden spoke about the effects of the storm from the White House on Monday. todayOctober 1, 2024 4
insert_link Namibia Religious Leaders Urge Next Namibian President to Prioritize Anti-Corruption Religious leaders, including James Fredericks, Secretary General of the Council of Churches in Namibia, are calling for the next president to adopt a zero-tolerance stance on corruption. Speaking at a socio-economic justice workshop, Fredericks emphasized the importance of transparency, accountability, and strengthening the Anti-Corruption Commission. He also urged leaders to focus on equitable growth and job creation to benefit all Namibians, particularly the marginalized. todayOctober 1, 2024 9
insert_link World Ryan Routh pleads not guilty to attempting to assassinate Donald Trump The man accused of plotting to kill former U.S president Donald Trump at his Florida golf course has pleaded not guilty to five counts including attempting to assassinate a major presidential candidate. Prosecutors allege Ryan Routh stalked Donald Trump before setting up what they called a "sniper's nest" at the edge of his golf course in west Palm Beach, Florida. Our US correspondent Kate Fisher reports. todayOctober 1, 2024 3
