insert_link Business / Economics FNB launches real-time cross-border payments FNB has teamed with BankservAfrica to offer near real-time cross-border payments within the Common Monetary Area, covering Namibia, South Africa, Lesotho, and Eswatini. FNB clients can now transfer up to N$ 25 thousand instantly, 24 hours per day, across borders with enhanced security and lower costs. The move aligns with regulatory compliance under Namibia’s grey-listing status. todayNovember 7, 2024 112
insert_link Business / Economics PSG to launch ‘Best Bank Award’ PSG Wealth Namibia will release its Annual PSG Banking Review Report on Thursday, 14 November 2024. It will also present an award for the Best Bank in Namibia. PSG analyst Anja Steyn explains the criteria for selecting the winning bank. todayNovember 7, 2024 36
insert_link South Africa Dali Mpofu becomes latest EFF member to join uMkhonto weSizwe Former EFF national chairperson Dali Mpofu has joined uMkhonto weSizwe. He forms part of the exodus of EFF leaders who have jumped ship in recent months to join Jacob Zuma's party, including former deputy president Floyd Shivambu, Mzwanele Manyi, and Busisiwe Mkhwebane. Mpofu, a long-standing Zuma ally, told the SABC this move to the MK Party had been in the works for a year. EFF leader Julius Malema remains unmoved by […] todayNovember 7, 2024 35
insert_link Africa Namibian truck torched amid Mozambique post-election violence Post-election unrest in Mozambique has closed the Maputo port, a chrome export hub, and led to deadly clashes in several cities. The Namibian Revolutionary Transport Union reported that a Namibian truck was set on fire, urging a swift resolution to protect truck drivers facing serious risks. The union’s Secretary General, Petersen Kambinda. todayNovember 7, 2024 32
insert_link Business / Economics Khomas region sees highest inflation at 4.2% The Namibia Statistics Agency has reported that the headline inflation for October was 3%. Among the zonal inflation rates, Zone 2 (Khomas region) recorded the highest at 4.2%. Spokesperson Mirjam Shihepo has more. todayNovember 7, 2024 20
insert_link Environment Hardap Dam irrigation water supply shuts down tonight The Hardap Dam has reached its lowest level ever at 6.3%. Starting tonight, irrigation water will no longer be available, a first since the dam was completed in 1963. Water for household use and livestock will still be supplied until February 2026. Here is the Minister of Agriculture, Water, and Land Reform Calle Schlettwein. Namibia Wildlife Resort Spokesperson Nelson Ashipala says the situation at Hardap also affects […] todayOctober 31, 2024 31
insert_link Namibia Competition commission achieves only 56% of performance target The Auditor-General has provided an unqualified audit opinion on the Namibian Competition Commission's financial statements for the fiscal year ending March 31, 2024, confirming that the Commission's financial records accurately represent its status in line with International Financial Reporting Standards. Conducted in accordance with international auditing standards, the audit revealed no major issues with the Commission’s financial practices. The Auditor-General stated that he found ample audit evidence to support his […] todayOctober 31, 2024 27
insert_link Business / Economics ActionSA criticizes 2024 mid-term budget promises ActionSA says the 2024 mid-term budget fails to meet the government of National Unity’s promises. Party representative Alan Beesley welcomed increased SARS funding but criticised the 1.1-percent economic growth projection, saying it falls short of the needed three-percent. Beesley argues that government neglects economic stability, keeping a bloated cabinet while essential services like policing, healthcare, and education suffer. He labels the budget’s priorities as misplaced, calling for urgent focus on […] todayOctober 31, 2024 13
insert_link World UN report accuses Israel of targeting Gaza’s healthcare The Chairperson of the UN Independent International Commission of Inquiry on the Occupied Palestinian Territory, including East Jerusalem and Israel, presented the commission's latest investigative report to the UN General Assembly on Wednesday, 31 October 2024. Navi Pillay and her team, appointed by the UN Human Rights Council, determined that Israel has implemented a policy aimed at destroying Gaza's healthcare system as part of a larger offensive, committing war crimes, […] todayOctober 31, 2024 30