insert_link South Africa S.A. Deputy Finance Minister: High Unemployment Delays Retirement for Many S.A's deputy minister of Finance David Masondo warns that high unemployment rates prevent many South Africans from entering retirement. Speaking at the Old Mutual Thought Leaders Forum in Johannesburg, Masondo emphasised the need for security in retirement savings, calling for transformation within the retirement system. He calls for ongoing dialogue and improved retirement outcomes for all South Africans: todayAugust 15, 2024 14
insert_link Africa Sudan’s Nuba Mountains Faces Hunger Crisis Amid Civil War The Sudan People's Liberation Movement-North reported a severe hunger crisis in Sudan's Nuba Mountains and parts of Blue Nile state on Wednesday says Reuters. The group stated that 20% of families are experiencing critical food shortages, with 30% of children suffering from malnutrition. They described the situation as a famine in their Arabic statement, attributing the crisis to the ongoing civil war and a poor harvest. todayAugust 15, 2024 5
insert_link South Africa In South Africa, the DA renewed its call for justice in the VBS Mutual Bank looting scandal In South Africa, the DA renewed its call for justice in the VBS Mutual Bank looting scandal during a media briefing at the High Court in Pretoria, where the pre-trial in a VBS case is taking place. The DA’s Baxolile Nodada says six years after the scandal broke, the party demands that it is time for those responsible to be held accountable, including politicians who allegedly benefited from this crime: […] todayAugust 15, 2024 13
insert_link Africa WHO Declares Mpox a Global Public Health Emergency Amid Congo Outbreak The World Health Organization declared mpox a global public health emergency on Wednesday, marking the second such declaration in two years reports Reuters. This decision follows an outbreak in the Democratic Republic of Congo, which has spread to neighboring countries. An emergency committee convened earlier in the day to advise WHO Director-General Tedros Adhanom Ghebreyesus on the severity of the situation, leading to the classification of the outbreak as a […] todayAugust 15, 2024 10
insert_link Business / Economics Moratorium on Petroleum Licenses to Be Lifted The Mines and Energy ministry has announced that the moratorium on issuing wholesale petroleum licenses, in place since August 2022, will be lifted on Friday. The pause was intended to enhance the ministry's licensing system. Since 2018, the ministry has issued 87 new retail licenses, raising the total to over 500 nationwide. The ministry's Eshioshange Ten Hasheela. todayAugust 15, 2024 28
insert_link Business / Economics Revenue Agency to Suspend Unlicensed Clearing Agents The Namibia Revenue Agency has announced that clearing agents who do not renew their licenses for 2024 will face suspension. A 30-day grace period will be provided, from August 14 to September 13, for agents to complete their renewal. Failure to renew by the deadline will result in license termination. The agency's Tonateni Shidhudhu. todayAugust 15, 2024 34
insert_link Namibia Deputy Education Minister Caley Addresses Decline in Learner Promotion Rates in Hardap Region During her visit to the Hardap Region, Deputy Minister of Education, Arts and Culture, Faustina Caley, addressed the issue of declining learner promotion rates in secondary education. At Mariental, she urged school managers to implement strategies for improving student advancement. The review of semester results showed a notable drop in promotion rates, especially in Grade 11, where only 19.9% of students advanced. Discussions with stakeholders focused on overcoming challenges in […] todayAugust 15, 2024 19
insert_link World Walz says he’s agreed to debate Vance in October U.S Democratic Vice Presidential candidate, Tim Walz says he's accepted an offer to debate his Republican opponent JD Vance in October. It's still unclear whether Vance has agreed to participate. With the report for us, here's Ira Spitzer. todayAugust 15, 2024 10
insert_link Business / Economics 15 August 2024 Morning Biz News: Welwitschia Sovereign Wealth Fund Doubles in Value; Rand Gains on U.S. Data; Oil Prices Rebound Welwitschia Sovereign Wealth Fund Sees Remarkable Growth The Welwitschia Sovereign Wealth Fund, launched in 2022, has nearly doubled its value, rising from N$260 million to N$440 million. Central Bank Governor Johannes !Gawaxab noted that the Fund has consistently outperformed its benchmark, the Norwegian Government Pension Fund Global, demonstrating strong performance and growth. South African Rand Strengthens On Wednesday, the South African rand appreciated to 18.05 against the US dollar, marking […] todayAugust 15, 2024 14