Competition Commission Says Settlement Reached Over Unapproved Merger

The Competition Commission has reached a settlement with Fan Qingmei, Wang Zhongke, Hong Xiang Holdings, and Whale Rock Cement. The agreement follows an investigation revealing that these parties violated regulations by implementing a merger without the Commission's prior approval. Zhongke acquired shares in Hong Xiang Holdings from Qingmei, which holds a 70% stake in Whale Rock Cement and controls the company.The commission's, Dina //Gowases. t

August 2, 2024 40

World

Russia, West hold largest prisoner exchange since the Cold War

In the largest prisoner exchange since the Cold War, the US, Germany, Slovenia, and Russia agreed to swap 26 individuals in Ankara, Turkey. Moscow received 10 Russians accused of espionage and other crimes in the West, including two children of a convicted Russian couple in Slovenia. In return, Russia released 13 individuals with German, US, and Russian citizenship. Daria Bondarchuk reports from Moscow.

August 2, 2024 16

Namibia

Voter Registration in Kunene Region Exceeds Expectations Despite Challenges

Voter registration in the Kunene Region has proceeded smoothly, overcoming challenges such as displaced farmers seeking grazing for cattle in drought-affected areas, according to ECN's Kunene regional electoral officer, Mike Nganjone. As the registration deadline approached, a rush of people registered for the upcoming Presidential and National Assembly elections in November. Over the past two months, the region has achieved over 92% registration of eligible voters, with some constituencies exceeding […]

August 2, 2024 28

South Africa

Mbalula Dismisses Claims of ANC-DA Coalition in Government of National Unity

In S.A, ANC secretary-general, Fikile Mbalula has dismissed DA federal council chairperson Helen Zille's claims that the government of national unity is a coalition between the DA and the ANC. He briefed the media as the party convenes its three-day national executive committee meeting in Ekurhuleni. Mbalula says the ANC remains central to the government of national unity and no government decisions can occur without its involvement:

August 2, 2024 27

Business / Economics

25 July-1 2024 August Weekly Economics Wrap: Telecom Namibia’s Major Upgrade, Rand Strengthens, Shoprite Growth, and Global Financial Updates

Namibian Telecom Sector Gets a Boost UCOM and BDQ Mobile Network Solutions have launched a 10-year partnership to rejuvenate Namibia’s third mobile phone operator. According to The Brief, BDQ, in collaboration with American-based VANU Technology, will introduce cutting-edge telecommunications infrastructure to enhance service quality across the nation. Telecom Namibia has also made headlines by activating the Equiano subsea cable. This major development promises to significantly improve internet connectivity with […]

August 1, 2024 14

World

India China agree to advance border negotations

India and China say they will speed up negotiations to resolve their border dispute after the 30th round of talks on the issue. This comes just a week after foreign ministers from the two countries met in Laos. The Asian neighbors have been locked in a border standoff for over four years now. Ishan Garg has more from New Delhi.

August 1, 2024 24

Business / Economics

Weekly Economics Wrap: 25 July – 1 August 2024: Telecom Upgrades in Namibia, Rand Strengthens, and Global Market Highlights

Namibian Telecom and Connectivity Upgrades UCOM and BDQ Mobile Network Solutions have announced a significant 10-year partnership aimed at revitalizing Namibia’s third mobile phone operator. BDQ, in collaboration with American-based VANU Technology, will deploy advanced telecommunications infrastructure to enhance service quality. In related news, Telecom Namibia has successfully activated the Equiano subsea cable. This major development promises to greatly improve internet connectivity with 12 fiber pairs and a design […]

August 1, 2024 17

Namibia

Government Pledges Support at 14th Eenhana Expo

At the 14th Eenhana Trade and Business Expo, Minister Christine ||Hoebes reaffirmed government support for farmers, households, and livestock, urging those in need to seek assistance from regional offices. The expo, focused on economic development, aims to empower local businesses. Town Mayor Omri-Onn Kavandje emphasized its importance for introducing new business strategies and aligning with national goals. Main sponsor Ali Dharani announced job creation and investment plans in the Ohangwena […]

August 1, 2024 14

South Africa

S.A Union Calls for SALGA to Return to Negotiation Table with Improved Wage Offer for Municipal Workers

Municipal union Samwu says the South African Local Government Association must return to the negotiating table with a revised wage offer that truly benefits municipal workers. The union has rejected Salga’s 3.75-percent wage hike and is demanding an eight-percent increase. The association is representing the country’s municipalities. The third round of negotiations is scheduled for the 12th to the 16th of this month. Samwu’s Dumisane Magagula says workers are prepared […]

August 1, 2024 23

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