SA’s Kganyago praises late Mboweni’s policy contributions

SA’s Kganyago praises late Mboweni’s policy contributions

South Africa’s Reserve Bank Governor Lesetja Kganyago has praised former Finance Minister Tito Mboweni for his contribution to policy-making. Mboweni, who was the first black central bank governor of South Africa, died over the weekend after a short illness and served as the Reserve Bank governor between 1999 and 2009. He gained a reputation for being principled and ready to debate issues openly. More recently, as finance minister […]

October 15, 2024 26

Entertainment

Sean ‘Diddy’ Combs hit with six new lawsuits

Sean 'Diddy' Combs has been hit with a series of new lawsuits alleging sexual assault, abuse and rape, including from a person who was a minor at the time of the alleged incident. The music mogul remains behind bars after being arrested in September and charged with sex trafficking and racketeering.

October 15, 2024 69

Africa

World Bank cuts Africa growth forecast

The World Bank has downgraded its economic growth forecast for sub-Saharan Africa. Bloomberg reports that Sub-Saharan Africa will likely grow 3% this year, somewhat lower than an April forecast of 3.4%, the Washington-based lender said in its Africa Pulse report published Monday. The slower growth rate was largely blamed on the conflict in Sudan which started 18 months ago and has continued to escalate.

October 15, 2024 13

South Africa

ActionSA launches government of national unity performance tracker

ActionSA has launched the Government of National Unity's performance tracker to monitor the coalition government. At a media briefing, ActionSA's national chairperson Michael Beaumont says the tracker will empower citizens to assess the government's progress and failures and push for the necessary reforms.

October 15, 2024 16

Business / Economics

Trustco increases stake in Legal Shield

Trustco Group Holdings Limited has announced progress in its plan to acquire an additional 11.35% stake in Legal Shield Holdings from Riskowitz Value Fund LP. This acquisition will raise Trustco’s total ownership of LSH to 91.35%. The transaction, valued at approximately $468 million, includes two insurance companies, covering both short-term and life insurance, as well as real estate assets from the Otrusco Group. These assets include notable developments such as […]

October 15, 2024 28

Namibia

Seven convicted for Caprivi secession attempt

Seven men convicted in Namibia’s longest-running Caprivi treason trial were sentenced to prison terms of five to 16 years on Monday for attempting to secede from the Zambezi region. The trial involved 132 people charged with 278 offenses, including high treason and murder, related to the Caprivi conflict between 1992 and 2002. A local newspaper reported that the men had already been in custody for more than 20 years.

October 14, 2024 13

Namibia

SWAPO commits to women empowerment

SWAPO Party Women's Council Secretary, Fransina Kahungu, maintains that the ruling party has made progress in turning women's empowerment into a tangible reality. She adds that the party has proven the critics who doubted its 50/50 gender policy wrong.

October 14, 2024 25

Africa

DRC and Rwanda to implement M23 ceasefire plan

The Democratic Republic of Congo and Rwanda have agreed to implement activities aimed at ending an armed conflict led by the M23 rebels in the east of the DRC. The foreign ministers of both countries met in the Angolan capital of Luanda and agreed to end the conflict which started in 2021. Chris Ocamringa has more from Kinshasa.

October 14, 2024 19

World

Israeli air strikes kill at least 13 children in Gaza

Israeli bombardments in Gaza killed at least 41 people, including 13 children. Five of the children were killed by a drone strike while playing on a street corner in northern Gaza. This comes as the Israeli Defence Forces renewed its evacuation orders for Palestinians still living in the northern half of Gaza at the weekend. Over the past nine days, Israeli bombardments on Gaza’s biggest refugee camp, Jabalya, have killed […]

October 14, 2024 6