insert_link South Africa ActionSA Demands Transparency on Ithala Bank Loans ActionSA is demanding transparency from KwaZulu-Natal's Ithala bank over outstanding loans granted to politically exposed individuals. The party is concerned that taxpayer funds may have been misused to benefit politicians and their associates, including the chairperson of Parliament’s portfolio committee on Cooperative Governance and Traditional Affairs, Zweli Mkhize, and his family. ActionSA’s Alan Beesley says reports indicate that Ithala is commercially and technically insolvent, with 2.2-billion-rand in loans, but only […] today7 March, 2025
insert_link Business / Economics 27 February-6 March 2025 Weekly Economics Wrap: Insights from Global to Local Markets Offshore Ecosystem and the Risks of Overexploitation U.S.-based marine scientist, Dr. Vincent Pieribone, has sounded the alarm over the increasing risk of pollution and overexploitation of Namibia's offshore ecosystem. The marine expert raised concerns that ongoing activities such as oil and gas exploration, fishing, and diamond mining threaten the delicate marine environment. Dr. Pieribone warned that these industries, while economically beneficial, could lead to irreversible damage to the country’s rich […] today6 March, 2025
insert_link Business / Economics 06 March Morning Biz News Roundup: Banking Fees, Rand Strengthens, Coffee Price Surge, Canada vs. US Tariffs Parliament Debates Investigation Into Unethical Banking Fees and Overcharging Parliament is currently engaged in a discussion over a potential investigation into unethical banking fees and overcharging practices in Namibia. Some Members of Parliament (MPs) have voiced concerns about the negative impact high banking fees have on consumers and small businesses, urging for more financial transparency and possible regulatory reforms to address the issue. The proposed motion aims to ensure that […] today6 March, 2025
insert_link Local Namibia Securities Exchange (NSX) to Provide LEIs Africa-wide on pTools LEILex Platform Dublin/London/Windhoek/Kuala Lumpur (20th November 2024) – Namibia Securities Exchange (NSX) has announced today, at the World Federation of Exchanges General Assembly and Annual Meeting in Kuala Lumpur, its initiative to provide Legal Entity Identifiers (LEIs) across Africa on the pTools LEILex platform. pTools LEILex platform is an LEI affiliate solution launched by pTools Software, the leading provider of Market Information AI automation solutions for Exchanges. Namibia Securities Exchange is one […] today21 November, 2024
