insert_link South Africa South Africa’s New Unity Government Sparks Cautious Optimism Amid Economic Concerns South Africa's new unity government, formed by President Cyril Ramaphosa with former opposition leader John Steenhuisen heading a key ministry, has garnered cautious optimism from industry and financial markets. Reuters reports that many citizens and political analysts express concerns about the coalition's ability to achieve economic growth and social reforms, marking the first coalition cabinet in three decades involving the Democratic Alliance and other parties. todayJuly 2, 2024 8
insert_link Africa Nigerian Customs Seize 800 Rifles in Container from Turkey Nigerian customs agents, led by Comptroller-General Bashir Adewale Adeniyi, intercepted over 800 rifles and 100,000 rounds of ammunition hidden within a shipping container on June 21. Reuters says, the weapons were concealed alongside furniture and other goods originating from Turkey, underscoring Nigeria's ongoing battle against firearm trafficking amid rising crime concerns. todayJuly 2, 2024 19
insert_link Business / Economics 2 July 2024 Morning Biz News: Namibian Stock Exchange Thrives, Dollar Strengthens Amid Global Financial Developments Namibian Stock Exchange Shows Strong Growth in Q1 2024 The Namibian Stock Exchange (NSX) has reported a robust performance in the first quarter of 2024, reflecting positive trends in market capitalization and trading volumes. According to The Brief, NSX's local board witnessed a notable increase in market capitalization, soaring to N$45 billion from N$38 billion in Q1 2023. This growth underscores a resilient market environment despite global economic uncertainties. The […] todayJuly 2, 2024 21
insert_link Business / Economics Namibia Sees Surge in Private Sector Credit Extension in May 2024 In May, private sector credit extension in Namibia rose to 3.2% year-on-year, up from 1.6% in April 2024 and 1.5% in May 2023, marking the highest increase this year and the highest since March 2023. Simonis Storm attributes this growth primarily to increased corporate demand, which surged to 4.7% year-on-year in May 2024, compared to 0.6% in April and a contraction of -3.4% in May 2023. Simonis Storm's Economist, Halleluya […] todayJuly 2, 2024 26
insert_link World Zelensky renews plea to use ATACMS inside Russian territory After a series of deadly attacks against Ukrainian cities over the weekend, Ukrainian president Volodymyr Zelensky reiterated calls to loosen restrictions on the use of long-range American missiles against targets inside Russian territory. Megumi Lim reports from Kyiv. todayJuly 2, 2024 28
insert_link Namibia Bank of Namibia Introduces Universal Instant Payment Programme for Enhanced Financial Access The Bank of Namibia hosted the industry kick-off for the Instant Payment Programme, a major initiative to improve financial inclusion and accessibility nationwide. The Instant Payment Solution, compatible with any device including non-smartphones, aims to ensure that vendors, taxi drivers, pensioners, and small business owners can use it easily. Sandra Garises, the Bank's principal communication officer. todayJuly 2, 2024 42
insert_link World Trump celebrates Supreme Court “big win” The US Supreme Court has granted former President Donald Trump limited immunity from prosecution for official acts taken while in office. The justices' landmark ruling on Monday, by a 6-3 margin, means a potential trial into his alleged attempts to overturn the 2020 election is further postponed. Benji Hyer reports from outside the Court in Washington. todayJuly 2, 2024 23
insert_link South Africa S.A’s Automobile Association Applauds Finalization of President Ramaphosa’s Cabinet for Certainty in Key Departments South Africa's Automobile Association has welcomed the finalisation of president Cyril Ramaphosa's cabinet stating that it brings certainty to key departments. Spokesperson Layton Beard emphasises the need for effective leadership from new Transport minister Barbara Creecy and re-appointed Mineral Resources and Energy minister Gwede Mantashe. Beard highlights the importance of improving public transport, road safety, and fuel pricing. He calls for collaboration with civil organisations to address these critical issues: […] todayJuly 2, 2024 11
insert_link Namibia City of Windhoek Accused of Concealing Faulty Billing System The City of Windhoek is facing allegations of concealing a malfunctioning billing system for more than two years, resulting in billing discrepancies, including a case where a client's water bill spiked to N$1 million within a month. The controversy, reportedly kept confidential by city officials, also involves the mysterious erasure of a N$90,000 municipal account bill. Despite a court ruling favoring the client with the N$1 million bill, residents continue […] todayJuly 2, 2024 77
