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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

FUTURE MEDIA NAMIBIA

4363 Results / Page 183 of 485

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South Africa

Ramaphosa’s New Cabinet Announcement Sparks Rally in South African Markets

In S.A, President Cyril Ramaphosa's new cabinet announcement has sparked a significant rally in South African shares and bonds, easing investor concerns. Key positions were given to business-friendly opposition politicians, with Enoch Godongwana retained as Finance minister. This move signals a continued commitment to prudent fiscal policy. Economist Dawie Roodt says bond yields fell, and the Johannesburg Stock Exchange's all-share index rose:  

todayJuly 2, 2024 13

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Africa

Tearfund Aid Workers Killed in Attack on Convoy in Eastern DRC

Two employees of the Britain-based aid agency Tearfund were tragically killed in an attack on their convoy in eastern Democratic Republic of Congo, the charity confirmed on Monday to Reuters. The workers had traveled from Lubero to Butembo city in conflict-ridden North Kivu province when the incident occurred on Sunday. Details of the attack were not disclosed, but the region has long been plagued by conflict involving multiple armed groups […]

todayJuly 2, 2024 72

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South Africa

South Africa’s Rural Development Organisation Warns of Increased Evictions Under New Agriculture Minister

South Africa's Rural and Farmworkers Development Organisation has raised concerns over potential increased evictions and exploitation of farm workers under newly appointed Agriculture Minister John Steenhuisen. Criticizing the Democratic Alliance's historical stance towards labor unions and perceived lack of empathy for farm workers, the organisation's executive director, Billy Claasen, has called for urgent government intervention to safeguard the rights of farm workers amidst fears of neglect and heightened vulnerability under […]

todayJuly 2, 2024 20

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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 11

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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 25

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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 25

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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 35

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