insert_link Business / Economics 06 March 2024 Morning Biz News: Financial Highlights: Nedbank Namibia’s Commitment, South Africa’s Modest Growth, and Aliko Dangote’s Strategic Move In a dynamic economic landscape, recent developments highlight the commitment of financial institutions, economic shifts, and strategic decisions by prominent figures. From Nedbank Namibia's substantial pledge towards Sustainable Development Goals to South Africa's modest economic growth, and Aliko Dangote's potential oil trading venture, the financial world is witnessing noteworthy changes. Additionally, we'll delve into the latest financial indicators to provide a comprehensive overview. Nedbank Namibia's Pledge towards Sustainable Development Goals: […] todayMarch 6, 2024 8
insert_link World Super Tuesday could decide California Senate seat Super Tuesday is underway in California, one of fifteen states voting in primary elections to determine the presidential nominees as well as other statewide races .One of the most closely-watched races is to see who will take over the Senate seat vacated by Dianne Feinstein who held the position for three decades. Ira Spitzer reports from Berkeley, California. todayMarch 6, 2024 19
insert_link South Africa FNB SA Analyst Urges Spending Caution as Fuel Costs Rise, Forecasts Post-Election Economic Improvements Ester Ochse, an analyst at FNB SA, has advised consumers to exercise financial restraint in the face of escalating fuel costs. The bank expresses concern that heightened fuel expenses may strain budgets, impacting both vehicle owners and public transport users. Anticipating potential repercussions, FNB warns of potential increases in product prices, contributing to consumer inflation and diminishing purchasing power. Despite these challenges, FNB remains optimistic about post-election economic improvements, anticipating […] todayMarch 6, 2024 5
insert_link Namibia Namibia Grapples with Urbanization Challenges as Demand for Housing and Sanitation Surges As urbanization gradually takes hold in Namibia, driven by individuals seeking improved job opportunities and lifestyles beyond villages, local authorities find themselves grappling with the escalating demands for housing and sanitation. Lifalaza, from the Landless People's Movement, shared his insights on the challenges posed by this trend, shedding light on the pressing need for sustainable solutions to address the evolving dynamics of urbanization in the country. todayMarch 6, 2024 23
insert_link Namibia Namibia’s Export Earnings Surge in January 2024 as Import Bill Raises Concerns Namibia witnessed a significant 9.4% increase in export earnings during January 2024, soaring from N$10.9 billion in December 2023 to N$12 billion. In comparison, January 2023 reported exports at N$7.8 billion, indicating positive economic growth. However, the import bill for the same period rose sharply by 16.3%, reaching N$11.8 billion, resulting in a widened trade deficit of N$1.8 billion. Namibian Statistics Agency spokesperson, Mirjam Shihepo, offers insights into the trade […] todayMarch 6, 2024 61
insert_link World Italian lawmakers approve Red Sea shipping mission Italian lawmakers have given the green light to the country's involvement in Operation Aspides. The joint EU mission will see naval vessels deployed in the Red Sea, protecting commercial shipping from attacks by Houthi rebels in Yemen. Giles Gibson has more from Rome. todayMarch 6, 2024 11
insert_link Namibia Tax Exemption Windfall: Namibians Set to Benefit in 90 Days Namibians earning N$100,000 or less annually are poised to experience the benefits of the tax exemption recently announced by Finance and Public Enterprises Minister Iipumbu Shiimi within approximately 90 days. The tax breaks encompass the first N$100,000 of employees' earnings, rendering it tax-free. This development comes in the wake of Shiimi's budget speech in parliament, where he elevated the tax threshold from N$50,000 to N$100,000, signifying a positive shift in […] todayMarch 6, 2024 27
insert_link World China’s annual political gathering to focus on reviving the economy China's Premier Li Qiang will not hold a press conference at the end of the country's 'two sessions' conclave this week. The yearly gathering sees the country's Parliament and top political advisory body come together to hold parallel conclaves. But the move to cancel the press conference comes amid increasing pressure on China to fix its economic problems, as Patrick Fok reports. todayMarch 5, 2024 28
insert_link South Africa The Azanian People’s Organisation in SA calls on voters to exercise vigilance and discernment The Azanian People's Organisation in SA calls on voters to exercise vigilance and discernment as they navigate the political landscape. They criticise the lack of thought leadership, moral values, and rampant corruption, leading to an uninspiring vision for the future. Azapo’s spokesperson Jabu Rakwena challenges the narrative that there is no future beyond the current ANC government. Rakwena urges voters to look beyond and consider their long-term prosperity, when choosing […] todayMarch 5, 2024 23
