insert_link Business / Economics 14 March 2024 Morning Biz News: Strategic Expansion: Namib Desert Diamonds Targets Far East Markets Namib Desert Diamonds (NAMDIA) has set its sights on the Far East, with a strategic push into markets in Vietnam and Hong Kong. This move, spearheaded by Alisa Amupolo, the Chief Executive Officer of NAMDIA, aims to leverage emerging opportunities and position the company for substantial revenue growth in the region. The announcement of this expansion underscores the growing significance of Far East markets in the global diamond trade. With […] todayMarch 14, 2024 10
insert_link Namibia Activist Rosa Namises Discusses High Youth Unemployment and Parents’ Pension reliance Activist Rosa Namises comments on the situation where, according to the Namibia Statistics Agency's initial findings, over 71.1% of the population under 35 years of age, out of the total population exceeding 3 million, are predominantly unemployed. This alarming rate of youth unemployment contributes to a greater reliance on their parents' Old Age Pension, currently set at N$1600 per month. todayMarch 14, 2024 8
insert_link South Africa National Union of Metalworkers of South Africa Prepares for National Strike Amidst Disputes in Bus Passenger Sector The National Union of Metalworkers of South Africa has accused employers in the bus passenger sector of instigating a potential national strike by insisting that workers absorb contract penalties and establishing a two-tier labor market. Following unsuccessful negotiations and a minimal wage increase offer, the union has rejected these demands and is gearing up for industrial action. Numsa is advocating for adjustments to allowances, medical insurance, and working hours, alleging […] todayMarch 14, 2024 7
insert_link World Trump expected to attend Florida hearing over classified documents Donald Trump is expected to attend a hearing in the federal case over his handling of classified documents after leaving office. The former president's lawyers are seeking to have the criminal charges dismissed ahead of a trial. Ira Spitzer reports. todayMarch 14, 2024 15
insert_link South Africa City of Tshwane’s Audit Outcome Reflects Governance Progress The audit outcome of the City of Tshwane has demonstrated notable improvement, transitioning from an adverse result in 2022 to a qualified outcome in 2023. This shift signifies advancements in governance within the municipality. Mayor Cilliers Brink has acknowledged the significant strides made, crediting the improvement to heightened oversight and the dedicated efforts of Chief Financial Officer Gareth Mnisi. Brink has expressed the municipality's commitment to achieving an unqualified audit […] todayMarch 14, 2024 45
insert_link Namibia Namibia’s Youthful Demographic Challenges: Population Hits Three Million Alex Shimuafeni, the statistician general of the Namibia Statistics Agency, has disclosed that Namibia's population has reached three million, with a significant portion of 2.1 million being young individuals. This demographic trend is anticipated to perpetuate issues such as youth unemployment, poverty, and inequality, according to experts. The data unveiled an increase in the country's population from 2.1 million in 2011 to three million in 2023. Statistics indicate that 71.1% […] todayMarch 14, 2024 13
insert_link South Africa City of Cape Town Takes Legal Action Against Extortionists Delaying MyCiTi Bus Service Expansion The City of Cape Town has revealed that internal procedures are in progress to file an interdict application against extortionists responsible for obstructing the construction of the MyCiTi bus service in Mitchells Plain. This 340-million-rand initiative is a crucial component of the broader rollout of the MyCiTi service to Mitchells Plain, Khayelitsha, Claremont, and Wynberg. Rob Quintas, Mayoral Committee Member for Urban Mobility, has indicated that the interdict is anticipated […] todayMarch 13, 2024 26
insert_link Namibia Minister Uutoni Stresses Collaboration for Local Development Erastus Uutoni, the Urban and Rural Development minister, emphasized the importance of collaboration among municipalities, regional councils, and traditional authorities, stating that local authorities must not operate independently. Speaking at the Association of Local Authorities in Namibia local economic development conference in Lüderitz, Uutoni urged local authorities to share success stories, exchange insights on overcoming challenges, and combine resources for effective development initiatives. todayMarch 13, 2024 19
insert_link World Millions in Haiti face starvation as violence increases in Port au Prince The World Food Programme says if the security situation in Haiti is not resolved soon it will run out of food in the coming weeks. Briefing reporters in New York on Tuesday, the WFP's Jean-Martin Bauer said that four million people in the Caribbean state remain food insecure. Haiti's Prime Minister Ariel Henry has meanwhile announced he will step down from his position as violence intensifies. Jody Jacobs reports from […] todayMarch 13, 2024 30