insert_link Business / Economics UNam expert talks Rising Cost of Living Challenges The escalating cost of living, both locally in Namibia and worldwide, has presented enduring challenges, making essentials like food and water unaffordable for many. Governments are grappling with aiding citizens in meeting these basic needs on a daily basis. Dr. Basilius Kasera, a faculty member in Human Sciences at UNam, provides his perspective on one possible solution. todayApril 16, 2024 28
insert_link Business / Economics TransNamib Names Desmond Ernst van Jaarsveld as New CEO TransNamib has declared the selection of Desmond Ernst van Jaarsveld as its incoming Chief Executive Officer, commencing tomorrow April 17. Formerly holding the position of managing director at DP World, van Jaarsveld succeeds Webster Gonzo, who has served as the interim CEO since the past year. TransNamib spokesperson Abigail Raubenheimer provided the announcement. todayApril 16, 2024 103
insert_link World U.S urges restraint following Iran’s attack on Israel U.S President Joseph Biden is meeting Iraq's Prime Minister in Washington, as countries urge restraint in the Middle East. Israel is weighing up how to respond to Iran's unprecedented attack over the weekend, when it launched 100s of drones and missiles, which were nearly all intercepted. US Secretary of State Antony Blinken spoke to reporters in Washington and reiterated the US request to Israel for de-escalation, not retaliation. todayApril 16, 2024 12
insert_link Business / Economics 16 April 2024 Morning Biz News: Sanlam Namibia Assets Soar to N$4.6 Billion in 2023 Amidst Positive Growth Projections Sanlam Namibia, a leading insurance provider, has reported substantial growth in its assets, reaching N$4.6 billion in 2023, representing a N$500 million increase compared to the previous year's figures. This notable expansion underscores the company's resilience and strategic positioning in the market. Moreover, Sanlam Namibia anticipates further growth, with expectations to disburse nearly N$22 billion in policy liabilities in the near future, reflecting confidence in its operational capabilities and market […] todayApril 16, 2024 30
insert_link Interview Transcripts EXCLUSIVE INTERVIEW: Expert Analysis on Rising Cost of Living: A Conversation with Professor Basilius Kasera In a recent discussion, Professor Basilius Kasera from the University of Namibia sheds light on the pressing issue of rising prices and its implications on the lives of ordinary citizens. The conversation delves into various aspects of the current economic landscape, providing valuable insights into the challenges faced by individuals and families in meeting their basic needs amidst increasing costs. Professor Kasera begins by highlighting the lack of effective […] todayApril 16, 2024 12
insert_link Business / Economics S.A’s Central Energy Fund’s mid-month data predicts petrol prices to increase for the fourth consecutive month in May S.A's Central Energy Fund's mid-month data predicts petrol prices to increase for the fourth consecutive month in May, with an anticipated under-recovery of around 30-cents-per-litre. However, diesel prices are expected to decrease, with an over-recovery of approximately 28-cents-per-litre. The anticipated increase sees 93 octane petrol rising by 30-cents-per-litre and 95 octane by 31-cents-per-litre. Meanwhile, diesel wholesale is expected to have a decrease of 26 to 31-cents-per-litre todayApril 16, 2024 9
insert_link South Africa Congress of Traditional Leaders of South Africa says initiation schools will not operate before the elections on 29 May The Congress of Traditional Leaders of South Africa has announced initiation schools will not operate before the elections on 29 May. CONTRALESA’s president, Kgoshi Lameck Mokoena, told the media initiates will have time to vote, as there are no special provisions for them. Mokoena also said law enforcement officials are on high alert to prevent any schools from operating prematurely. He urges parents to seek permits for initiation schools and […] todayApril 16, 2024 29
insert_link Namibia Housing Project by Former Businessman-Turned-Activist Faces Scrutiny Over Delays and Refund Demands Former businessman turned activist Michael Amushelelo has acknowledged that several clients of his 'affordable housing project' are now seeking refunds due to significant delays. Amushelelo had launched a housing initiative in Brakwater back in 2021, aiming to provide 150 unserviced plots and affordable homes for middle-income earners struggling to secure home loans. However, what was initially a promising endeavor has evolved into a disappointment for many, as the project has […] todayApril 16, 2024 16
insert_link World IAEA concerned about a nuclear disaster in Ukraine The International Atomic Energy Agency says the world is getting dangerously close to a nuclear accident. The warning comes after several drone attacks on the Zaporizhzhia Nuclear Power Plant in southeastern Ukraine. Speaking at the UN Security Council on Monday, Rafael Mariano Grossi, the Director General of the IAEA said everything must be done to minimize the risk of an accident. He says these "reckless attacks" must cease immediately. todayApril 16, 2024 13
