insert_link Business / Economics S.A’s Home Affairs Department has officially gazetted the remote work visitor visa S.A's Home Affairs Department has officially gazetted the remote work visitor visa and a new points-based system for work visas. Minister Leon Schreiber praised the reforms as a major step toward attracting foreign talent, boosting investment, and creating jobs. He says these initiatives aim to streamline visa processes, cut red tape, and combat corruption within the immigration system: todayOctober 10, 2024 20
insert_link Business / Economics AB InBev Commences Local Production of Lion Lager in Okahandja AB InBev commenced local production of Lion Lager in Okahandja, coinciding with the 10th anniversary of its operations in the area. Minister of Industrialisation and Trade, Lucia Iipumbu, stated that this initiative will lessen the country’s reliance on imports and contribute to the creation of more local jobs. Spokesperson Francis Handili. todayOctober 10, 2024 25
insert_link Business / Economics Namib Mills’ recalled products are currently undergoing thorough testing at accredited laboratory in South Africa Namib Mills has issued a temporary recall of all variants of Top Score Instant Porridge in South Africa, Namibia, Lesotho, and Zambia following a tragic incident in Mdantsane, Eastern Cape. The company opted for this precautionary measure even though there is no evidence connecting the product to the incident, emphasizing its commitment to consumer safety and confidence. The recalled products are currently undergoing thorough testing at a SANAS-accredited laboratory in […] todayOctober 10, 2024 19
insert_link Business / Economics 10 October 2024 Morning Biz News: Domestic Debt Rises, South Africa’s LPG Sector Expands, and Kenya Seeks IMF Support Domestic Debt Surge Namibia's domestic debt has reached N$123.51 billion as of the end of September, reflecting a month-on-month increase of N$2.04 billion, according to data from The Brief. Research firm Simonis Storm reports that the growth is primarily driven by the issuance of fixed-rate bonds (GCs), which accounted for 63% of the increase, with N$1.27 billion issued in GCs. South Africa's LPG Sector Set for Growth South Africa’s liquefied […] todayOctober 10, 2024 10
insert_link Business / Economics Digital Expert sheds light on the growing challenges that young job seekers face in local tech sector Digital Expert Nrupesh Soni shed light on the growing challenges that young job seekers face in Namibia's tech sector, particularly regarding entry-level positions. Soni highlighted a concerning trend: many junior roles now require some form of experience, a shift that has become increasingly prevalent in the country. todayOctober 9, 2024 27
insert_link Business / Economics Brazil’s Supreme Court lifts ban on X after Musk backs down Brazil's Supreme Court has ruled that X can resume operations in the country, ending a five-week suspension over concerns about the content on the social media platform. X's owner Elon Musk agreed to several concessions in order to have the ban lifted. Ira Spitzer reports. todayOctober 9, 2024 18
insert_link Business / Economics 9 October 2024 Morning Biz News: Strategic Acquisitions and Financial Shifts Shape Southern Africa’s Economic Landscape” In a significant development within the Namibian economy, French waste management firm Séché Environnement has acquired 100% of Rent-A-Drum, aiming to enhance its product offerings and solidify its presence in Southern Africa. This strategic move highlights the region's economic potential and increasing environmental regulations, setting the stage for a more robust waste management landscape. In the financial sector, Standard Bank S.A has reported an impressive tenfold increase in instant payments, […] todayOctober 9, 2024 6
insert_link Business / Economics Bank of Namibia Confirms Financial Stability The Bank of Namibia's Financial System Stability Committee has confirmed that the domestic financial system is stable and resilient despite potential vulnerabilities. Following an assessment on October 3, the committee noted a projected decline in global GDP growth to 3.2% in 2024 due to tighter monetary conditions and inflation. Nevertheless, Namibia's financial system has shown resilience, and the Bank is confident in its ability to manage future risks. Sandra Garises, […] todayOctober 9, 2024 15
insert_link Business / Economics India says it can handle oil supply impact amid Middle East conflict India says it will be able to navigate its way through any hit to oil supplies as a result of the Middle East conflict. India depends on imports to meet most of its demand for the fossil fuel. With the details, Rebecca Bundhun from Mumbai. todayOctober 8, 2024 17