insert_link Business / Economics 20-27 June 2024 Weekly Economics Wrap: Global and African Markets in Focus This week in economic news, several key developments have shaped financial landscapes across Africa and globally. Namibian Market Highlights: Savanna Beef Secures N$150 Million for Export Abattoir: Savanna Beef has successfully secured a N$150 million loan to construct an advanced export abattoir. This initiative, spearheaded by the Beef Value Chain Forum and facilitated by Cirrus Capital, aims to enhance Namibia's beef export capabilities, as reported in The Brief. Trustco […] todayJune 27, 2024 17
insert_link Namibia Windhoek Gears Up for Third Annual Multiple Sclerosis Run at SKW Sports Ground The eagerly anticipated annual Multiple Sclerosis Run returns for its third consecutive year, promising a morning of camaraderie and community spirit at the SKW Sports Ground in Olympia, Windhoek. Scheduled for Saturday, June 29 at 7 a.m., this event invites participants of all ages and abilities to join in and make a difference. Here's the MS's Bianca Ozcan. todayJune 27, 2024 29
insert_link World US Supreme Court Accidentally Posts Abortion Opinion According Bloomberg Another "oops" moment for the US's top court. The Supreme Court appears to have accidentally published its ruling on an abortion case out of Idaho. According to Bloomberg Law, the opinion was up briefly before being taken down. Toni Waterman has more. todayJune 27, 2024 16
insert_link Namibia Russian Official Commends Namibia’s Independent Foreign Policy Yelena Perminova, Chairperson of Russia’s Federal Council Committee on Social Policy, praised Namibia for maintaining an independent foreign policy, resisting Western pressure to join anti-Russia campaigns. During her visit, Perminova highlighted stable bilateral relations and expressed readiness to enhance cooperation across various sectors, emphasizing the importance of inter-parliamentary exchanges and Namibian observers' contributions to Russia's presidential elections. todayJune 27, 2024 11
insert_link South Africa S.A’s Saftu Advocates for Free Basic Electricity Amidst Eskom’s Proposed Tariff Increase South Africa's Union federation Saftu is advocating for free basic electricity amidst Eskom's proposed 36.15-percent electricity tariff increase for next year. The federation opposes the hike, outlined in a confidential draft to the National Energy Regulator of South Africa, which also includes subsequent increases in 2026, 2027, and 2028. Saftu’s, Mogoshadi Maserumule says these hikes, compounded with recent increases, pose a severe financial burden on consumers, especially millions of working-class […] todayJune 27, 2024 18
insert_link Africa Rapid Support Forces Advances on Sennar Amid Ongoing Conflict Paramilitaries from Sudan's Rapid Support Forces have advanced on the southeastern trading hub of Sennar, aiming to expand their territorial gains more than 14 months into a war with the army, residents and officials reported on Wednesday. Reuters reports that families fled the city on the banks of the Blue Nile after hearing the sound of fighting on Tuesday evening. todayJune 27, 2024 8
insert_link South Africa Steinhoff’s former Chief Financial Officer released on 150-thousand-rand bail In South Africa, Steinhoff's former Chief Financial Officer, Ben la Grange, has been released on 150-thousand-rand bail. He appeared in the Pretoria Specialised Commercial Crimes Court following his involvement in the company's accounting scandal. News24 reports, La Grange, associated with Steinhoff's late CEO Markus Jooste, faces charges including racketeering, fraud, corruption, and Financial Markets Act violations. La Grange and co-accused Stéhan Grobler will return to court on 4 October. todayJune 27, 2024 13
insert_link World Southern Pakistan is in the grips of extreme heatwave Pakistan's weather bureau is warning that the intense heat wave currently gripping Karachi - is set to continue in coming days. Hospitals in the city are on high alert to treat heatstroke victims. After extreme heat in southern Pakistan has already claimed over two dozen lives. Hira Mustafa has more for us. todayJune 27, 2024 12
insert_link South Africa Grant beneficiaries in rural Eastern Cape are calling for the return of local pay points In S.A, SASSA grant beneficiaries in rural Eastern Cape are calling for the return of local pay points. The closure of these pay points has left many without easy access to their grants, forcing them to spend money on travel to nearby towns or rely on relatives to withdraw funds. SASSA closed the pay points due to the declining number of users and to enhance security. Social Development minister Lindiwe […] todayJune 27, 2024 12