European Central Bank cuts interest rates

European Central Bank cuts interest rates

The European Central Bank has cut interest rates again suggesting that efforts taken to curb inflation remain on track. It's the fourth time the ECB has cut rates this year with the deposit rate now set at three percent. William Denselow is in Brussels for us.

December 13, 2024 14

South Africa

In S.A, GOOD Party Demands Probe into Drug Raid at DA Mayor’s Home

The GOOD Party in the Western Cape is demanding accountability after Bergrivier municipal mayor Ray van Rooy was questioned by police following a raid on his home, where a substantial quantity of drugs was allegedly found. The DA member was released without charge after 12-hours. Police reportedly discovered 700 grams of cocaine and ammunition at his residence in Piketberg. GOOD’s Evert Manuel calls for a fair investigation into the […]

December 13, 2024 20

Namibia

Thousands Of Drivers Face Arrest Over Unpaid Traffic Fines

As the festive season approaches, Namibian Police warn that approximately 148,000 drivers nationwide face arrest for outstanding traffic violations totaling N$170.8 million. Traffic Commissioner Petrus Swartz advises motorists to clear fines at local traffic units to avoid arrest at checkpoints. Regions with the highest warrants include Khomas, Otjozondjupa, Oshana, Omusati, and Erongo.

December 13, 2024 15

World

U.S Retailers clamp down on CEO shooting suspect merch

Online retailers are clamping down on merchandise celebrating the suspect accused of murdering a healthcare insurance company CEO last week. Mugs and sweaters with Luigi Mangione's face on them have been taken down from websites including Etsy. The 26-year-old was arrested earlier this week after Brian Thompson was shot dead last Wednesday. Mangione's lawyer says his client will plead not guilty to the charges. Sally Patterson has more.

December 13, 2024 18

South Africa

In South Africa, DA Criticizes Gauteng Roads Department Over Mismanaged Bus Subsidy System

In S.A, the DA in Gauteng says the provincial Department of Roads and Logistics has not been implementing the bus subsidy system correctly for 2016/2017 and 2017/2018. The party’s, Evert Du Plessis, says the subsidies were not properly processed, and the companies contracted to the department to provide transport for residents were paid every month without due process being followed. He says the result of not following the prescribed formula […]

December 12, 2024 11

Business / Economics

Inflation-cutting stalls in US as prices rise

Progress on cutting inflation in the US has stalled as prices rise, according to the latest data from the US government's key metric for tracking inflation levels. The Consumer Price Index shows the monthly inflation rate and annual inflation rate each rose by 0.1 percentage points from their October levels. Kate Fisher reports

December 12, 2024 18

Namibia

OtjikaTjamuaha Shrine Restoration Nears Completion

The restoration of the OtjikaTjamuaha Holy Shrine in Okahandja, a significant cultural site for the OvaHerero community, is nearing completion. Funded by a 130,000 EUR (about 2.6 million NAD) grant from the German Embassy through its Cultural Preservation Fund, the project began in February 2023 to address years of neglect. Key works include constructing a new perimeter fence, removing lightning-damaged palm trees, dismantling a dilapidated swimming pool, and cleaning the […]

December 12, 2024 9

Namibia

Omusati Governor Endjala Warns Against Disability Grant Misuse

Omusati Governor Erginus Endjala has urged caretakers to stop misusing disability grants meant for beneficiaries. He condemned reports of guardians exploiting the funds for personal gain and emphasized that the grants are designed to support vulnerable individuals. Endjala called for the public to report any abuse, warning that offenders will face action.

December 12, 2024 16

South Africa

Mashatile Urges Chinese Enterprises to Boost Investment in South Africa

South Africa's Deputy president Paul Mashatile has encouraged Chinese-funded enterprises in his country to increase their investments in crucial sectors of the economy. Total bilateral trade increased from 614-billion-rand in 2022 to 692-billion-rand in 2023, while China’s 146-billion-rand deficits remained the highest among any of the country’s trading partners. Speaking at the South Africa-China Economic Trade and Association event in Johannesburg yesterday, Mashatile said China as one of the world’s […]

December 12, 2024 17