Eskom Justifies Power Station Shutdown Delays to S.A’s Climate Commission

Eskom has reassured the South African Presidential Climate Commission that delaying the shutdown of several power stations is necessary. CEO, Dan Marokane told the commission that postponing the decommissioning of Camden, Hendrina, and Grootvlei coal-fired stations until 2030 will cost the utility between 85 and 90 billion rand. Despite the substantial costs, Marokane insists the delays are essential to maintain energy supply.

June 10, 2024 6

World

Open AI launch new safety team despite calls for external review

Progressive tech company Open AI has formed its own safety team led by CEO Sam Altman. It comes as debate heats up over whether AI companies should be left to regulate themselves, or if governments need to get involved. As Caroline Malone reports.

May 29, 2024 24

Namibia

Communications Regulatory Authority Pursues Tax Reductions for Cheaper Telecom Services

Emilia Nghikembua, CEO of the Communications Regulatory Authority , announces a taxation study aimed at engaging the government to reduce taxes in the telecom sector. The goal is to make data and phone calls more affordable. Cran is also conducting a pricing study for voice clips, SMSes, and data to determine mobile service prices, with regulations to follow once completed. Stakeholder engagements have begun, with some licensees already reducing prices. […]

April 26, 2024 12

Namibia

Otjiwarongo Municipality Faces Leadership Vacuum as Top Executives Resign

The Otjiwarongo Municipality is set to operate without key strategic executives, including a chief executive officer, effective Friday, following the resignation or early retirement of all its top five executives. This information was disclosed by Godhardt Hoko, chairperson of the management committee. The departures of these executives occurred between March 2023 and April 2024, leaving critical positions such as CEO, strategic executive for finance, human resources, technical, and community and […]

April 23, 2024 40

Local

Celebrating legal excellence: Trustco insurance empowers namibian law students

In the spirit of championing legal brilliance, Trustco Insurance proudly upholds its tradition of over 22 years by continuing to bolster the dreams of aspiring legal minds in Namibia. Through its flagship Legal Shield product, Trustco Insurance reaffirms its commitment to nurturing future legal luminaries. For the academic year of 2024, Trustco Insurance is proud to announce its bursaries for two deserving law students from the University of Namibia. […]

March 14, 2024 25

South Africa

Transnet Welcomes Michelle Phillips as New CEO and Nosipho Maphumulo as CFO

South Africa's Public Enterprises Minister, Pravin Gordhan, has appointed Michelle Phillips as the new CEO of Transnet. With over 20 years of experience at the state-owned entity, Phillips previously served as the acting CEO following high-level resignations last year. Additionally, has been appointed as Transnet's Chief Financial Officer. Minister Gordhan expresses confidence that these appointments will steer the entity strategically and facilitate the execution of ongoing reforms, according to department […]

February 29, 2024 11

Namibia

Grootfontein Municipality Under Fire for Controversial N$2.9 Million Payout to Former CEO

The Grootfontein Municipality has come under scrutiny as it faced criticism for its decision to pay its former Chief Executive Officer, Kisco Sinvula, a substantial amount of N$2.9 million. A council member in the north-eastern town condemned the move, labeling it as a wasteful expenditure of public funds. This settlement is part of a series of negotiated deals, totaling approximately N$9 million, that the municipality has been entangled in since […]

January 30, 2024 42

Local

Agra annual general meeting highlights resilience amid challenges, records 22.8% increase in profit

The Agra Annual General Meeting (AGM) was held on Friday, 24 November 2023 at the Agra/ Bank Windhoek Ring. The meeting was attended by Agra shareholders, the Agra Board of Directors and Management. Mr. Ryno van der Merwe, Chairman of the Board, acclaimed the past year as another remarkable financial success for the company. Mr. Van Der Merwe acknowledged the challenges faced particularly in production, the economy and the environment. […]

November 27, 2023 17

Namibia

Omaruru Municipality CEO Addresses Housing Challenges and Land Allocation

By Dilia Mazula CEO Valentinus Sindongo Reveals Plans to Resolve Land Issues and Improve Housing Delivery In an exclusive interview with Future Media News, the CEO of the Omaruru Municipality, Valentinus Sindongo, unveiled a strategic roadmap to tackle Namibia's urgent housing and land allocation challenges. He acknowledged, "As the municipality, we understand the challenges that the people are having. And one of the most critical countrywide challenges is backlog for […]

November 3, 2023 27

CEO