insert_link Africa Nigerian Unions Strike Over Minimum Wage, Disrupting National Grid and Flights Reuters reports that Nigeria's main labor unions, the Nigerian Labour Congress and the Trade Union Congress, initiated an indefinite strike on Monday, shutting down the national grid and disrupting flights nationwide. The strike began after negotiations with the government over a new minimum wage failed. This marks the fourth strike since President Bola Tinubu assumed office last year. todayJune 4, 2024 13
insert_link World Tech issue resolved in New York Stock Exchange The New York Stock Exchange says a technical issue which saw some stock prices swing wildly on Monday has been resolved Trading of certain shares was paused while the problem was addressed. Sally Patterson has more. todayJune 4, 2024 25
insert_link South Africa ANC Considers Confidence-and-Supply Agreement Amid Coalition Talks The African National Congress faces a pivotal moment as its national executive committee convenes today to explore potential coalitions following a disappointing election outcome, securing only 40.2% of the national votes. Senior ANC leaders are reportedly leaning towards a confidence-and-supply agreement, favoring a scenario where the ANC forms a minority government. Under this arrangement, opposition partners would align with the ANC on critical decisions such as confidence motions and budgets, […] todayJune 4, 2024 38
insert_link Business / Economics Airlines’ Profit Projections Improve for 2024 The International Air Transport Association has upgraded its profitability forecasts for airlines in 2024, surpassing its June and December 2023 projections. Despite this positive outlook, the global airline industry still struggles to achieve returns above the cost of capital. Net profits are expected to rise to $30.5 billion in 2024. IATA's Public and Media Relations Advisor, Linden Birns. todayJune 4, 2024 37
insert_link Business / Economics Private Sector Credit Growth Remains Modest in April In April, private sector credit extension grew by 1.6% year-on-year, showing a slight improvement from the 1.3% growth recorded in March. However, this figure represents a significant decline from the 2.5% year-on-year growth seen in April 2023. The PSCE growth rate remains below the six-month moving average and is the second-lowest rate recorded in 2024. Simonis Storm Economist- Halleluya Ndimulunde. todayJune 4, 2024 67
insert_link Namibia Namibian Leaders Praise South Africa’s Peaceful Elections as ANC Loses Majority President, Nangolo Mbumba congratulated South Africa for the peaceful conduct of their recent national elections, highlighting the importance of maintaining order during such processes. Despite the ruling African National Congress losing its parliamentary majority with only 40% of the vote, Mbumba emphasized elections should renew mandates without causing harm. Elsie Nghikembua, Chairperson of the Electoral Commission, also lauded South Africa's electoral process and noted valuable lessons for Namibia's upcoming elections, […] todayJune 4, 2024 16
insert_link World U.S Congress investigates Covid-19 origins Anthony Fauci is being grilled in the United States Congress, facing unfounded allegations from lawmakers that he attempted to cover up the origins of Covid-19. The 83-year-old US government scientist was Joseph Biden's chief medical advisor, but before that he served under Donald Trump's administration at the height of the pandemic, famously correcting many of the former President's false comments about the deadly virus. Our correspondent Benji Hyer has been […] todayJune 4, 2024 16
insert_link South Africa Significant Cold Front Brings Rain, Snow, and Strong Winds to South Africa Following a dry and warm May, South Africa will experience a significant drop in daytime temperatures with showers, thundershowers, and snow in elevated areas due to a developing cut-off low-pressure system. In a press statement, The S.A Weather Service says rain and strong winds will impact the Eastern Cape, extending over the province by Saturday, with heavy rainfall and rough sea conditions. Cold temperatures will spread across the country, bringing […] todayJune 4, 2024 43
insert_link World India’s opposition parties reject exit polls predicting a landslide Modi win India's opposition parties are calling pollsters predicting a third Modi term biased. After voting ended on Saturday in India's general elections, a vast majority of exit polls are predicting a landslide victory for Prime Minister Narendra Modi. But critics say Mr Modi and the pollsters are in for a surprise when the votes are counted on Tuesday. Ishan Garg tells us more from New Delhi. todayJune 3, 2024 19