S.A Union Urges Reserve Bank for Bigger Repo Rate Cut

S.A Union Urges Reserve Bank for Bigger Repo Rate Cut

South African Union federation Cosatu urges the South African Reserve Bank to implement a larger-than-expected repo rate cut to help ease the financial strain on workers. Following the decrease in inflation to 2.8-percent in October, the federation believes a more significant rate reduction, beyond the anticipated 25 basis points, is needed to alleviate the burden on over-indebted households. Cosatu’s Zanele Sabela says high interest rates have forced workers to […]

November 21, 2024 2

South Africa

South Africa’s North West Committee Calls for Action on Stilfontein Illegal Mining Crisis

In S.A, North West's portfolio committee on Community Safety and Transport Management has expressed deep concern about recent illegal mining activities and illegal miners remaining underground in Stilfontein. The committee’s chairperson, Freddy Sonakile, is calling for a thorough reflection on systemic issues contributing to illegal mining in the country. He says this must include identifying and dismantling the criminal syndicates and kingpins orchestrating illegal mining operations:

November 21, 2024 5

Business / Economics

HyIron-Oshivela Secures Major Iron Supply Deal

Johannes Michels, co-founder of the HyIron-Oshivela project, has revealed a landmark agreement with German metal processor Benteler. The deal ensures the supply of 200,000 tons of Direct Reduced Iron, marking a significant milestone for the project.

November 21, 2024 1

World

Donald Trump pushes unconventional cabinet picks

US President-elect Donald Trump's cabinet choices continue to attract scrutiny after he made several more unconventional picks for top jobs, nominating a retired professional wrestling performer as his Secretary of Education. Meanwhile his selections for Defence Secretary and Attorney General are batting away sexual misconduct allegations as they face confirmation proceedings in Washington. From there, Benji Hyer reports.

November 21, 2024 5

Nam Elections 2024

SADC Election Observers Arrive in Namibia for November Polls

The Electoral Commissions Forum of SADC Countries has deployed a mission to Namibia to observe the Presidential and National Assembly elections on November 27. The 37-member delegation, led by Hon. Justice Priscilla Chigumba of Zimbabwe, includes representatives from nine SADC nations and two from West Africa for peer learning. Based in Windhoek’s Mercure Hotel, the mission will assess Namibia's electoral process, ensuring transparency and impartiality. A preliminary statement will follow […]

November 21, 2024 2

Local

Old Mutual Rewards Partners with MTC: Members Can Now Redeem Points for Airtime

Wednesday, 20 November 2024 - Old Mutual Namibia is pleased to announce a revolutionary partnership with MTC whereby members of the Old Mutual Rewards programme will be able to redeem their Rewards points for airtime. This is a significant step in Old Mutual Namibia’s drive to add value and convenience to their Rewards membership by integrating day-to-day needs seamlessly into the rewards experience. The Old Mutual Rewards programme is […]

November 21, 2024 3

Local

Namibia Securities Exchange (NSX) to Provide LEIs Africa-wide on pTools LEILex Platform

Dublin/London/Windhoek/Kuala Lumpur (20th November 2024) – Namibia Securities Exchange (NSX) has announced today, at the World Federation of Exchanges General Assembly and Annual Meeting in Kuala Lumpur, its initiative to provide Legal Entity Identifiers (LEIs) across Africa on the pTools LEILex platform. pTools LEILex platform is an LEI affiliate solution launched by pTools Software, the leading provider of Market Information AI automation solutions for Exchanges. Namibia Securities Exchange is one […]

November 21, 2024 1

Local

Letshego Holdings Namibia Welcomes Herwin Tsowaseb as Head of Credit

Letshego Holdings Namibia is delighted to announce the appointment of Herwin Tsowaseb as Head of Credit, effective 15 November 2024. Herwin brings a wealth of expertise in credit evaluation and financial management, with over a decade of experience in senior roles at some of Namibia’s leading financial institutions. Herwin’s academic credentials further underscore his capability. He holds a Master of Philosophy in Development Finance from the University of Stellenbosch […]

November 21, 2024 1

Opinion Pieces

AI offers hope for quantitative investing

Wednesday, 20 November 2024 - The future of quantitative investing is going to be shaped by Artificial Intelligence. Quantitative investment strategies can identify better opportunities and leverage into those using mathematical models with the use of sophisticated algorithms. Quantitative investing applies a mathematical model and algorithms to determine investment opportunities. About half of quantitative investors have implemented AI in their processes for investing. However, just 10% of those are actually […]

November 21, 2024 1