insert_link South Africa Seven people have died following heavy rains and localised flooding in the Eastern Cape Seven people have died while four are missing following heavy rains and localised flooding in the Nelson Mandela Bay metro in the Eastern Cape. More than 500 people have been relocated to areas including Korea, Qunu, Daku, and Moolerground. The destructive rains have affected the power supply to several areas within Gqeberha, including the Chief Dawid Stuurman International Airport. The metro says multiple rescue operations remain underway, with teams activated […] todayJune 3, 2024 8
insert_link World Biden outlines Israeli Gaza peace plan U.S President Joseph Biden says Israel has offered Hamas a "roadmap" proposal for a ceasefire in Gaza and the reconstruction of the enclave. The President outlined the three-part plan in a speech at the White House, just hours after the Israeli military said they had entered the center of Rafah. Nick Harper reports from Washington. todayJune 3, 2024 38
Namibia INTERVIEW: Katutura Residents Committee Member Shaun Gariseb on City of Windhoek Debt Write-Off Update In a recent address, Shaun Gariseb, a committee member of the Katutura Residents Committee, provided an update on the City of Windhoek's (CoW) debt write-off programme. The programme, which aimed to alleviate financial burdens for residents, officially concluded on Friday, May 31. However, Gariseb highlighted several critical issues and concerns regarding its implementation and impact. Debt Relief Programme's End and Resulting Challenges Gariseb began by noting the end of […] todayJune 3, 2024 13
insert_link Interview Transcripts INTERVIEW: Business and Economics Researcher Josef K. Sheehama on Investor Sentiment In a recent discussion, business and economics researcher Josef K. Sheehama delved into the complex dynamics of investor sentiment, particularly in the context of foreign investment in Namibia. The interview, held late on Sunday evening, highlighted the nuanced perspectives of investors as they navigate the uncertain political and economic landscape. Investor Hesitancy in Uncertain Times Sheehama pointed out that foreign investors are currently adopting a "wait and see" approach. […] todayJune 3, 2024 10
insert_link Business / Economics 3 June 2024 Morning Biz News: Market Insights: Choppies Leads Grocery Affordability, South Africa’s Political Landscape Sparks Market Jitters, Saudi Aramco’s Secondary Share Offering, and Dollar Softens Amid Stable U.S. Inflation 1. Grocery Supermarket Comparison: Choppies Leads Affordability Among the seven prominent grocery supermarkets in Windhoek, Choppies has consistently emerged as the most affordable option for standard groceries. According to recent data from The Brief, Choppies reaffirmed its position in May by offering the most cost-effective basket of standard groceries. The overall basket price decreased by 2.6% compared to the previous month, primarily attributed to a drop in vegetable prices per […] todayJune 3, 2024 18
Namibia Katutura Residents Committee Raises Concerns Over Windhoek’s Debt Write-Off Programme Shaun Gariseb, a member of the Katutura Residents Committee, provided an update on the City of Windhoek's debt write-off programme. The initiative, designed to alleviate financial burdens for residents, officially concluded on Friday, May 31. However, Gariseb highlighted several critical issues and concerns regarding its implementation and impact. todayJune 3, 2024 29
insert_link South Africa South Africa’s Electoral Commission has declared the 2024 general elections as free and fair South Africa's Electoral Commission has declared the 2024 general elections as free and fair. The voter turnout for these elections was 58.61-percent, much lower than the 66-percent in 2019. Over 16-million votes were cast. Speaking at the result announcement in Midrand yesterday evening, IEC CEO, Sy Mamabolo, says in an election the choice of the voter is sovereign and may not be negated. He adds that the voters who cast […] todayJune 3, 2024 24
insert_link Namibia Investor Concerns Rise Over South African Elections and Potential Impact on Namibia The change in South African leadership following the recent elections has left investors apprehensive about the stability of its democracy. Business and Economics expert Josef Kefas Sheehama has weighed in on the potential effects this could have on Namibia, given that the Namibian Dollar is pegged to the South African Rand on a 1:1 basis. todayJune 3, 2024 36
insert_link Namibia Fuel Prices for Diesel and Petrol to Remain Unchanged The Mines and Energy ministry has announced that fuel prices for both Diesel and Petrol shall remain unchanged. The organization's Economist- Taramaris Amadhila. todayJune 3, 2024 42
