insert_link Business / Economics FNB South Africa warns that today’s fuel price hike is a blow to holidaymakers FNB South Africa warns that today’s fuel price hike, with 95-octane and 93-octane petrol increasing by 17-cents per litre and diesel by over 50-cents, is a blow to holidaymakers. The bank attributes the rise to a weaker rand, driven by global factors like the United States elections and higher international diesel prices. FNB senior economist Koketso Mano advises citizens to revise their fuel budgets: today4 December, 2024
insert_link Business / Economics Trump vows to stop Nippon takeover of U.S. steel U.S. President-elect Donald Trump says he will block a deal for a Japanese company to acquire U.S. steel. Instead, he insists, his tax and tariff plans will make the U.S. manufacturer strong again by being American-owned. Caroline Malone reports from Washington. today4 December, 2024
insert_link Business / Economics Bank of Namibia Set to Announce New Repo Rate With the Bank of Namibia’s repo rate decision set for later today, consumers are preparing for potential changes to borrowing costs and savings. The central bank maintained the repo rate at 7.25% during its last monetary policy update. Cirrus Capital economist Robert McGregor noted that while GDP growth is positive, private sector credit extension continues to lag. today4 December, 2024
insert_link South Africa Ramaphosa Highlights G20 Presidency as Platform for Africa and Global South S.A's President Cyril Ramaphosa says South Africa’s G20 presidency is a chance to advance global economic growth, sustainable development, and the needs of Africa and the Global South. The G20 leaders' summit will be hosted in Johannesburg in November next year, further solidifying South Africa's leadership role. Ramaphosa says the presidency aims to bring African priorities to the forefront while strengthening global partnerships for a better future: today4 December, 2024
insert_link Nam Elections 2024 Opposition Leaders Boycott Election Results Announcement As Swapo’s Majority Shrinks The Swapo Party retained its majority in the National Assembly with 51 seats, a decline from 63 in 2019. The Independent Patriots for Change surged to 20 seats, marking significant gains. Opposition leaders boycotted the election results announcement, except Affirmative Repositioning leader Job Amupanda, who accused the Electoral Commission of election theft. Meanwhile, the National Democratic Party secured one seat, with its leader Lukato Lukato entering parliament. today4 December, 2024
insert_link World US expresses concern over South Korea The United States has expressed confidence that the political dispute in South Korea is resolved peacefully and within the rule of law. This follows President Yoon Suk Yeol's declaration of emergency martial law, citing security concerns over North Korea. However, South Korean lawmakers voted to block the president's power after protests outside Parliament. From Washington, Benji Hyer reports. today4 December, 2024
insert_link South Africa South Africa’s Transport Minister Launches Festive Season Road Safety Campaign S.A's Minister of Transport Barbara Creecy says last year, road crashes cost the economy 205-billion-rand, translating into a 2.74-percent of gross domestic product. She launched the department's festive season road safety campaign in Pretoria yesterday. So far, ten-thousand-154 people have died on the country's roads this year. Creecy says the campaign is based on four pillars that include responsible driving, pedestrian safety, enforcement and education as well as […] today2 December, 2024
insert_link World Japan to provide defense equipment to Asia partners Japan is planning to provide defense equipment to partners in Asia under its Official Security Assistance scheme. The program provides grants to the armed forces of like minded countries. Chris Gilbert has more from Tokyo. today2 December, 2024
insert_link Namibia Toska Sem Elected Vice-President of AFCAC Southern Region The Civil Aviation Authority is celebrating the election of its Executive Director, Ms. Toska Sem, as Vice-President for the Southern Region of the African Civil Aviation Commission . This prestigious role within AFCAC will see Ms. Sem serve a three-year term, contributing to the governance of civil aviation across Africa and advancing key initiatives like the Single African Air Transport Market. today2 December, 2024
