SA Works Minister says government needs to reform expanded public works programme

SA Works Minister says government needs to reform expanded public works programme

South Africa’s Public Works and Infrastructure Minister Dean Macpherson says the government needs to reform the Expanded Public Works Programme to ensure recipients are better paid through permanent jobs.

October 29, 2024 5

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Business / Economics

Financial Intelligence Center updates progress to avoid greylisting

Namibia has partially addressed nine of the thirteen recommended actions to avoid greylisting, as the Financial Intelligence Center reported during a recent plenary meeting. The country will enter a compulsory reporting phase from November 2024 to May 2026. Financial Intelligence Centre director, Bryan Eiseb.

October 29, 2024 27 2

Environment

Agriculture Minister supports Bank of Namibia’s drought relief policy

The Bank of Namibia has introduced a financial relief policy for farmers affected by ongoing drought, which includes loan restructuring, debt moratoriums, and emergency funding at preferential terms. Agriculture Minister Calle Schlettwein expressed support for the policy in an interview with Future Media, emphasising the need for financial products tailored to the agricultural sector's unique challenges. Minister Schlettwein, discussing Namibia's response to climate change, further highlighted the importance […]

October 29, 2024 11

Environment

Bank of Namibia launches drought relief policy

The Bank of Namibia has introduced a new policy, effective from 23 October 2024 to October 2026, to address economic and financial challenges from the ongoing drought following the state of emergency declared by President Nangolo Mbumba in May. The central bank’s principal communications team leader, Sandra Garises.

October 28, 2024 18

Namibia

Swapo presidential candidate rebounds after collapse at Otjiwarongo rally

After collapsing at a rally over the weekend, Swapo’s presidential candidate, Netumbo Nandi-Ndaitwah, faced public doubts about her leadership ability. However, she appeared resilient today while speaking at the Swapo Party manifesto discussions in the capital.

October 28, 2024 54

Namibia

National Assembly postpones Mid-Year Budget Review

Finance Minister Iipumbu Shiimi could not deliver the 2024/25 Mid-Year Budget Review this afternoon as the National Assembly lacked the required quorum. The session was postponed to Tuesday, 29 October 2024. The mid-year review seeks to evaluate the country's economic progress and fiscal strategies, with a focus on debt management and economic recovery.

October 28, 2024 14

Entertainment

French actor Gerard Depardieu goes on trial

French screen legend Gerard Depardieu went on trial on Monday charged with sexual assault. The 75-year-old denies assaulting two women on a film set in 2021. His legal team said he was not well enough to be physically present in court on the opening day.

October 28, 2024 27

Africa

SA’s Competition Commission recommends blocking Sun International’s purchase of Peermont

South Africa’s Competition Commission has recommended that the Competition Tribunal stop Sun International Limited from buying Peermont Holdings, as both companies operate casinos. According to spokesperson Siyabulela Makunga, the merger could reduce competition for casino services in central Gauteng and across South Africa.

October 28, 2024 13

Business / Economics

Nvidia dethrones Apple as the world’s most valuable company

Nvidia has dethroned Apple as the world's most valuable company following a record-setting rally in the stock, powered by insatiable demand for its specialised artificial intelligence chips. Nvidia's stock market value briefly touched 3.53 trillion US dollars, slightly above Apple's 3.52 trillion, according to data from the London Stock Exchange Group.

October 28, 2024 19