Business / Economics Archives - Page 39 of 184

Google ordered to pay South African media up to R500 million annually

South Africa’s Competition Commission has ruled that tech giant Google must pay local news media between R300 million and R500 million annually to address lost advertising revenue and competition imbalances. The decision follows an inquiry that found Google benefits from South African news content by as much as R900 million per year, while local media houses suffer losses ranging from R300 million to R500 million. In addition to financial compensation, […]

25 February, 2025

Business / Economics

India-UK continue free trade negotiations in New Delhi

India and the UK are continuing their free trade agreement negotiations in New Delhi. British Business and Trade Secretary Jonathan Reynolds kickstarted talks this week after an eight week hiatus. Though the two countries say they have much to gain from an agreement - they're in no rush to finalise a deal. Ishan Garg tells us more from New Delhi.

25 February, 2025

Business / Economics

Apple announces big investment in US

Apple has announced a huge $500bn investment in the United States as it shifts more business to the US amid the Trump administration's new tariff regime. The tech giant announced it's hiring 20,000 Americans and building a manufacturing factory to produce servers for artificial intelligence. It comes as President Donald Trump imposes a 10% tariff on all products from China, where most iPhones are made. Benji Hyer reports.

25 February, 2025

Business / Economics

Trigon Metals, Union Secure Deal for Retrenched Workers

Trigon Metals’ Kombat Mine and the Mineworkers Union have reached an agreement benefiting 533 retrenched employees. According to a media statement, the deal includes severance pay, leave compensation, relocation support, and employer-covered medical exams. Retrenchment packages are set to be paid today, with a recall list ensuring priority rehiring if operations resume

25 February, 2025

Business / Economics

January Vehicle Sales Up Year-on-Year but Drop Monthly

Records indicate 966 new vehicle sales in January, a 1.7% increase from January 2024 but a 12.2% decline from December 2024. Economist Almandro Jansen attributes the drop to seasonal trends and post-holiday financial constraints.

25 February, 2025

Business / Economics

Morning Biz News 25 February 2025: Market Trends, Global Investments, and Banking Updates

Local Market Performance The Namibian stock market recorded a total of 1.57 million shares traded on Monday, amounting to a total value of N$41.77 million across 27 deals. According to the NSX report, the year-to-date traded volume has reached 9.67 million shares, with a cumulative value of N$579.69 million. The financial sector led the day's trading with transactions worth N$34.28 million, followed by the consumer staples sector, which saw activity […]

25 February, 2025

Business / Economics

NIDA Reports N$3 Billion in Assets in First-Ever Annual Report

The Industrial Development Agency released its first annual report since its establishment in 2018, revealing asset management worth N$3 billion. NIDA Board Chairperson Sebulon Kankondi shared the figures, while Finance Minister Iipumbu Shiimi urged the agency to adopt a high-performance culture. NIDA CEO Richwell Lukonga :

25 February, 2025

Business / Economics

In S.A, BOSA says Lesufi to Spin Success in Gauteng SOPA

In S.A, Build One South Africa in Gauteng says premier Panyaza Lesufi will attempt to paint a picture of progress and success, when he delivers the state of the province address today. The party’s Ayanda Allie says Lesufi's 2024 address was filled with bold commitments, yet many remain unfulfilled, exposing a government failing to deliver on its promises. She says the premier will not address the failures in education, the […]

24 February, 2025

Business / Economics

SA to Host G20 Finance Track Meetings in Cape Town

To South Africa, where the National Treasury and the South African Reserve Bank will host the G20 Finance Track meetings in Cape Town from today until Thursday, which will include Finance ministers, Central Bank Governors, and their deputies. The G20 Finance Track focuses on fostering global economic stability, enhancing international financial cooperation, and addressing pressing global challenges. SA Reserve Bank Governor, Lesetja Kganyago, says the Finance Track deals with strategic […]

24 February, 2025