Director of SME Compete wants increased support for SMEs

Director of SME Compete wants increased support for SMEs

The Director of SME Compete, Danny Meyer says SMEs need support to enable them to help with the country’s economic recovery efforts. INSERT: ENG Danny Meyer SME's

November 28, 2023 31 2

Business / Economics

The DA in SA petitions Eskom over alleged misleading load-shedding schedules

The DA in South Africa has petitioned the Eskom system operator over alleged misleading load-shedding schedules. The party questions Eskom’s adherence to the national code of practice for load-shedding, citing concerns of potential violations. They call for an investigation into whether the power utility is intentionally deviating from regulations and if such actions have an impact on consumers. The DA’s Samantha Graham-Maré says industry experts suggest some areas experienced 12 […]

November 28, 2023 9

Business / Economics

US stocks down following weak China economic data

US stocks closed lower on Monday following weak economic data from China. Investors were also digesting a report showing new home sales fell last month due to soaring mortgage rates. Sally Patterson has more.

November 28, 2023 7

Business / Economics

Geingob to attend COP28 in Dubai

President Hage Geingob on Monday departed for Dubai in the United Arab Emirates to participate in the 28th Conference of the Parties to the UN Framework Convention on Climate Change and High-Level Events of the Global Stocktake. The meeting is scheduled to start on Thursday. The presidency said in a statement that President Geingob has been invited by Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates. This […]

November 28, 2023 6

Business / Economics

Eskom has announced that stage 4 load-shedding will persist throughout the week until Saturday

Eskom has announced that stage 4 load-shedding will persist throughout the week until Saturday. Eskom’s spokesperson, Daphne Mokoena, says this is due to higher-than-anticipated demand and strained emergency reserves. She says 22-thousand-244 megawatts of generation capacity is not available, forecasting a peak evening demand exceeding 28-thousand megawatts. Mokoena’s announcement comes after the country was subjected to stage 6 load-shedding last week.

November 28, 2023 7

Business / Economics

Trade Unions served reminder on their annual returns to the Labour Commissioner

The Acting Labour Commissioner Kyllikki Sihlahla says all Trade Unions and employers are sternly reminded to submit their annual returns to the Labour Commissioner within six months after the end of their financial year.

November 28, 2023 35

Business / Economics

Technical Advisory Committee carries out public consultations in relation to the Fima legislation

Appointed by the Minister of Finance Ipumbu Shiimi, the Technical Advisory Committee is carrying out public consultations in relation to the Fima legislation. Its objectives include consolidation and harmonisation the laws regulating financial institutions, financial intermediaries, and financial markets in Namibia and to provide for incidental matters. Chairperson of the Comittee Dr Manfred Zamuee.

November 28, 2023 17

Business / Economics

U.S. retail sales expected to exceed last year’s numbers during Cyber Monday

U.S. consumers are poised for another day of record online shopping on Cyber Monday; when retailers traditionally offer big discounts. That is off the back of a surge in deals from Black Friday, just before the weekend. Our U.S correspondent Caroline Malone reports.

November 28, 2023 10

Business / Economics

Germany faces increase in business bankruptcies

A new report released in Germany shows Europe's biggest economy is experiencing a sharp rise in businesses declaring bankruptcies. The findings underscore concerns about the health of the European economy as it battles record inflation and high energy costs.

November 27, 2023 21