FUTURE MEDIA NEWS Archives - Page 218 of 443

Trustco Converts Debt to Equity, Plans $100 Million US Capital Raise

Trustco Group Holdings Limited is converting 4.4 billion Namibian Dollars of debt into equity, setting the stage for a planned $100 million US capital raise. This involves exchanging debt owed to Next Capital and Dr. Quinton van Rooyen for new Trustco shares at a premium, anticipated to enhance Trustco's net asset value by approximately 1.5 billion Namibian Dollars. Deputy CEO, Quinton Van Rooyen Junior provided insights into the development.

12 June, 2024

South Africa

Democratic Alliance In SA Endorses Leadership in Coalition Negotiations

The DA's federal council has unanimously endorsed a resolution supporting leader John Steenhuisen and the party's negotiating team in the formation of national and provincial governments. According to News24, the resolution prioritizes upholding the Constitution, ensuring stability, and promoting economic growth. Final decisions regarding coalitions and government formations will rest with the federal executive. DA spokesperson Solly Malatsi reiterated the party's dedication to working with other parties to establish stable […]

12 June, 2024

Business / Economics

12 June 2024 Morning Biz News: “Market Dynamics Shift: Vitol Divests, Rand Strengthens, Nigeria Explores LNG, Dollar Steadies”

Fair Competition Ensured as Vitol Emerald Bidco Divests from Service Stations in Namibia In a move to uphold fair competition in Namibia's fuel market, Vitol Emerald Bidco (Pty) Ltd has announced its decision to divest from 58 Engen and Shell service stations. This decision comes in the wake of its acquisition of Engen Ltd and is in compliance with conditions set by the Namibian Competition Commission. The aim behind this […]

12 June, 2024

South Africa

UN Human Rights Office warns of possible war crime violations in Gaza

The United Nations Human Rights Office has expressed concern about possible war crime violations by Israeli forces over the weekend. IDF troops raided the Nuseirat refugee camp and freed at least four hostages being held captive. It also cautioned Palestinian armed groups holding hostages near densely populated urban areas. As Jody Jacobs reports.

12 June, 2024

Namibia

ICT Minister Urges SIM Card Registration to Prevent Number Loss

ICT Minister, Emma Theofelus, has urged mobile users to register their SIM cards by June 30, 2024, to avoid permanent cancellation and resale of their numbers. Despite a grace period following temporary disconnections, many users remain unregistered. The Communications Regulatory Authority of Namibia previously suspended close to 600 thousand unregistered SIM cards. Paratus Telecommunications and UCOM have fully registered their clients, while Telecom Namibia and Mobile Telecommunications Limited have reached […]

12 June, 2024

South Africa

Western Cape High Court Rejects EFF’s Bid to Invalidate National Assembly Rules

Western Cape's High Court has dismissed the EFF’s application to invalidate the National Assembly rules that saw the legislative body take action against six party members. Last year, the members, including leader Julius Malema and deputy president Floyd Shivambu, stormed the stage while president Cyril Ramaphosa delivered the State of the Nation Address. They were found guilty of contempt of Parliament and suspended for 30 days with no pay. The […]

11 June, 2024

World

India’s new Cabinet hold first meeting as Modi begins third term

India's new Cabinet held its first meeting on Monday evening as prime minister Narendra Modi began his third term in office. The allocation of ministries was announced. This follows a surprise election result in which Modi's party failed to secure an outright majority and had to lean on its coalition partners to form a government. Rebecca Bundhun reports.

11 June, 2024

Namibia

Debmarine Namibia Donates Haemodialysis Equipment to Oshakati Hospital

Debmarine Namibia contributed haemodialysis equipment worth N$1,764,069 to Oshakati Intermediate Hospital, easing the burden on resources. Health Minister, Kalumbi Shangula noted 133 new haemodialysis cases managed in 2023/24, with equipment aiding treatment. The donation includes machines, tables, chairs, and a reverse osmosis machine. Shangula emphasized the equipment's role in enhancing patient care. Debmarine CEO Willy Mertens highlighted the vital importance of haemodialysis machines in treating severe kidney failure and expressed […]

11 June, 2024

World

UN Security Council Adopts US-Backed Resolution for Permanent Hamas-Israel Ceasefire

The United Nations Security Council has adopted a US-drafted resolution for a permanent ceasefire between Hamas and Israel, and the release of the hostages in Gaza. Fourteen of the 15 Security Council members voted in favour of the resolution. Russia abstained. A three-part ceasefire plan was unveiled by U.S president, Joseph Biden last month. Israel has already accepted the deal. Palestine's ambassador to the UN, Riyad Mansour, has welcomed the […]

11 June, 2024