insert_link World Tech issue resolved in New York Stock Exchange The New York Stock Exchange says a technical issue which saw some stock prices swing wildly on Monday has been resolved Trading of certain shares was paused while the problem was addressed. Sally Patterson has more. todayJune 4, 2024 15
insert_link South Africa ANC Considers Confidence-and-Supply Agreement Amid Coalition Talks The African National Congress faces a pivotal moment as its national executive committee convenes today to explore potential coalitions following a disappointing election outcome, securing only 40.2% of the national votes. Senior ANC leaders are reportedly leaning towards a confidence-and-supply agreement, favoring a scenario where the ANC forms a minority government. Under this arrangement, opposition partners would align with the ANC on critical decisions such as confidence motions and budgets, […] todayJune 4, 2024 30
insert_link Business / Economics Private Sector Credit Growth Remains Modest in April In April, private sector credit extension grew by 1.6% year-on-year, showing a slight improvement from the 1.3% growth recorded in March. However, this figure represents a significant decline from the 2.5% year-on-year growth seen in April 2023. The PSCE growth rate remains below the six-month moving average and is the second-lowest rate recorded in 2024. Simonis Storm Economist- Halleluya Ndimulunde. todayJune 4, 2024 59
insert_link Namibia Namibian Leaders Praise South Africa’s Peaceful Elections as ANC Loses Majority President, Nangolo Mbumba congratulated South Africa for the peaceful conduct of their recent national elections, highlighting the importance of maintaining order during such processes. Despite the ruling African National Congress losing its parliamentary majority with only 40% of the vote, Mbumba emphasized elections should renew mandates without causing harm. Elsie Nghikembua, Chairperson of the Electoral Commission, also lauded South Africa's electoral process and noted valuable lessons for Namibia's upcoming elections, […] todayJune 4, 2024 14
insert_link World U.S Congress investigates Covid-19 origins Anthony Fauci is being grilled in the United States Congress, facing unfounded allegations from lawmakers that he attempted to cover up the origins of Covid-19. The 83-year-old US government scientist was Joseph Biden's chief medical advisor, but before that he served under Donald Trump's administration at the height of the pandemic, famously correcting many of the former President's false comments about the deadly virus. Our correspondent Benji Hyer has been […] todayJune 4, 2024 11
insert_link South Africa Significant Cold Front Brings Rain, Snow, and Strong Winds to South Africa Following a dry and warm May, South Africa will experience a significant drop in daytime temperatures with showers, thundershowers, and snow in elevated areas due to a developing cut-off low-pressure system. In a press statement, The S.A Weather Service says rain and strong winds will impact the Eastern Cape, extending over the province by Saturday, with heavy rainfall and rough sea conditions. Cold temperatures will spread across the country, bringing […] todayJune 4, 2024 32
insert_link World India’s opposition parties reject exit polls predicting a landslide Modi win India's opposition parties are calling pollsters predicting a third Modi term biased. After voting ended on Saturday in India's general elections, a vast majority of exit polls are predicting a landslide victory for Prime Minister Narendra Modi. But critics say Mr Modi and the pollsters are in for a surprise when the votes are counted on Tuesday. Ishan Garg tells us more from New Delhi. todayJune 3, 2024 14
insert_link South Africa South African Government Deploys Disaster Team to Aid Eastern Cape Relief S.A's Minister in the Presidency, Khumbudzo Ntshavheni says the government has deployed a disaster management team to the Eastern Cape to help with relief and rescue efforts. This comes as heavy rains have battered parts of the province over the weekend, leaving seven dead in the Nelson Mandela Bay Municipality. More than one-thousand people have been displaced. Ntshavheni says the South African National Defence Force has also deployed a helicopter […] todayJune 3, 2024 19
insert_link Namibia Government Rejects Commercial Cannabis Cultivation for Medicinal Use As South Africa Legalizes Private Consumption The Health and Social Services minister has decided against legalizing commercial cannabis cultivation for medicinal purposes, citing the effectiveness of current treatments. According to The Brief, Minister Dr. Kalumbi Shangula stated that existing medications delivered through intramuscular or intravenous methods are adequate for pain management. This decision follows a directive from the Cabinet in 2022 to investigate the demand and health risks associated with medicinal cannabis. Meanwhile, South African President […] todayJune 3, 2024 16