insert_link Business / Economics Elon Musk’s Tesla pay package – now worth over $100b – blocked again by judge Elon Musk has lost his bid to get his record-breaking Tesla pay package reinstated. A Delaware judge blocked it in January saying Musk essentially controlled the board that approved it. At the time, the stock-option based package was worth $56billion - but now it would be worth over $100b. Toni Waterman has more. today4 December, 2024
insert_link Nam Elections 2024 IPC Calls for Citizen Action to Expose Election Irregularities The Independent Patriots for Change is urging citizens to document any irregularities they witness during the 2024 elections, sharing evidence with the party to help restore the integrity of Namibia's democracy. In a statement, IPC highlighted multiple issues, including the unreported total number of ballots cast and the fact that only 160,000 votes have been counted so far. The party claims that thousands of ballots remain locked away as polling […] today4 December, 2024
insert_link Business / Economics S.A’s Tourism Council CEO Optimistic as G20 Presidency Boosts Tourism Growth S.A's Tourism Business Council CEO Tshifhiwa Tshivhengwa says South Africa is poised to shine after it accepted the G20 presidency for 2025. Strengthened market positioning is boosting international conventions, including the 2025 G20 Summit, driving growth in business and leisure tourism. He calls for improved safety to attract more visitors and sustain the nation’s tourism momentum: today4 December, 2024
insert_link Business / Economics Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3% In S.A, North-West University Business School economist, Raymond Parsons, has called for urgent economic reforms following the disappointing gross domestic product growth figures for the third quarter, when it decreased by 0.3-percent. Parsons calls for more investment and faster reforms from both the public and private sectors to drive job-rich growth and improve the economy: today4 December, 2024
insert_link World US commits to more aid to Ukraine before Trump’s term The United States has announced a new $725 million military aid package for Ukraine to help in its fight against Russia. The shipment of landmines and ammunition is the latest from the Biden administration as it works to provide extra assistance to the war-torn nation before President-elect Donald Trump takes office. Benji Hyer reports. today4 December, 2024
insert_link Africa Nigeria’s Financial Crimes Commission Seizes Largest Ever Asset Cache Nigeria's Economic and Financial Crimes Commission has announced its largest-ever seizure of assets, confiscating a housing estate of over 750 properties in Abuja. BBC Africa has it that the properties are suspected to have been purchased with funds from corruption, though the EFCC did not disclose the former government official behind the assets. Established in 2003, the EFCC aims to combat widespread corruption in the country. today4 December, 2024
insert_link Africa Biden Expresses Pride In Visit to Angola US President Joseph Biden expressed pride in being the first American president to visit Angola as he began talks with President João Lourenço. And according to BBC Africa, the discussions at the presidential palace in Luanda focused on security and trade, with the US government backing a new 1,300km railway project linking an Angolan port to mining regions in the Democratic Republic of Congo and Zambia. today4 December, 2024
insert_link Nam Elections 2024 Swapo Secures Majority as Nandi-Ndaitwah Wins Presidency The Electoral Commission officially declared the results of the this year's Presidential and National Assembly elections, with Swapo clinching 51 out of 96 seats. In the presidential race, Swapo’s Netumbo Nandi-Ndaitwah emerged victorious with 57.31%, while IPC's Dr. Panduleni Itula received 25.50%. Future Media News' Angie Scholtz sat down for an exclusive interview with President Nangolo Mbumba: Notable Swapo ministers losing their seats include Peya Mushelenga, Tom Alweendo, Itah Kandjii-Murangi, […] today4 December, 2024
insert_link Business / Economics Cirrus Capital’s Groenewald Offers Insight on Central Bank’s Interest Rate Decision The Bank of Namibia In October lowered its main interest rate, citing a faster-than-anticipated decline in inflation and the need for economic support. At that point in time, the Monetary Policy Committee unanimously agreed to reduce the repo rate by 25 basis points, bringing it to 7.25%. Cirrus Capital economist Tannan Groenewald shares his outlook on what the Bank might do next. ENG Tannan Groenewald repo today4 December, 2024
