insert_link Business / Economics 9 August 2024 Morning Biz News: Namibia Urged on Borrowing Strategies, South Africa Implements VAT on Imports, Dollar Gains on Jobless Data, Yuan Strengthens Amid Market Volatility In recent financial developments, the African Development Bank (AfDB) has advised Namibia to implement conservative borrowing strategies and harness the potential of the Namibian Stock Exchange (NSX) and the Government Institutions Pension Fund (GIPF) to bolster developmental capital. This recommendation aims to tackle the country's increasing public debt and enhance financial stability, according to The Brief. In South Africa, a new policy is set to impact the clothing industry significantly. […] todayAugust 9, 2024 14
insert_link Uncategorized US Political Rallies Canceled Amid Tropical Storm Debby Democratic and Republican political rallies are being canceled due to severe weather from Tropical Storm Debby, which is barreling across the east coast of the United States. It follows large turnouts for Kamala Harris in recent days in Pennsylvania, Wisconsin, and Michigan. Reporting for us is Mitch McCann reports: todayAugust 9, 2024 6
insert_link South Africa ActionSA Questions National Prosecuting Authority’s Effectiveness After Estina Case Dropped South Africa's ActionSA in the Free State says it remains concerned about the evident lack of successful state capture prosecutions and convictions. ActionSA’s, Patricia Kopane says this raises questions about whether the National Prosecuting Authority, under its current leadership, is capable of delivering the justice demanded by South Africans. The party expressed outrage following the High Court in Bloemfontein's decision to strike the 280-million-rand Estina Dairy case off the roll: […] todayAugust 9, 2024 7
insert_link Namibia Otjozondjupa Regional Council Office Park Inaugurated The Otjozondjupa Regional Council office park in Otjiwarongo was officially inaugurated by Minister of Urban and Rural Development Erastus Uutoni. The government-funded project, costing nearly N$163 million, was completed over two phases from 2014 to 2023. Uutoni emphasized the government's commitment to infrastructure development in the region and launched the council's customer service charter, urging staff to serve the community with dedication and efficiency. todayAugust 9, 2024 7
insert_link South Africa In S.A, Seven Suspects to Appear in Court Over R350 Million Precious Metals Theft Seven suspects are expected to appear in the Brits and Rustenburg Magistrates' Courts today for alleged theft of precious metals worth 350-million-rand. The alleged stolen platinum was kept for sale in Rustenburg and Brits. Hawks spokesperson, Tinyiko Mathebula, says the suspects face charges of illegal possession of precious metals and dealing in precious metals: todayAugust 8, 2024 89
insert_link World Indian wrestler Vinesh Phogat announces retirement after surprise disqualification at Olympics Indian wrestler Vinesh Phogat (Veenay-sh Fo-gaat) has announced her retirement from the sport after being disqualified from the finals in the Paris Olympics. She was set to compete for the gold in the women's 53 kilogram category but could not make weight on the day of the fight - leading to her disqualification. Ishan Garg tells us more. todayAugust 8, 2024 12
insert_link Namibia Mining Sector Boosts Revenue and Employment Vice President, Netumbo Nandi-Ndaitwah announced at the mining expo in Windhoek that the mining industry’s contribution to government revenue surged from N$ 4.4 billion in 2022 to N$ 6.8 billion in 2023. Mining remains the top sector for job creation in Namibia. She emphasized the benefits of refining domestic oil to lower costs and highlighted Namibia's significant uranium production, which is driving new projects. Nandi-Ndaitwah also noted progress in local […] todayAugust 8, 2024 13
insert_link South Africa Evidence Suggests Miss SA Contestant’s Mother Involved in Fraud and Identity Theft The Department of Home Affairs in S.A says it has found prima facie evidence that Miss SA contestant Chidimma Adetshina's mother may have committed fraud and identity theft. The department believes her mother may have stolen the identity of a South African woman when registering the birth. Adetshina's participation in the pageant was met with backlash when it was revealed that her father was Nigerian and her mother Mozambican. Minister […] todayAugust 8, 2024 15
insert_link World UK officials will remain on alert for further disorder UK officials will remain on alert for further disorder, despite Wednesday seeing counter-demonstrators outnumbering expected far right gatherings. Home Secretary Yvette Cooper's thanked the thousands of police officers on duty across parts of the UK. Thousands of anti-racism demonstrators were on the streets of English towns and cities despite fears of dozens of flashpoint far right protests. Former head of the National Counter Terrorism Security Office Chris Phillips believes the […] todayAugust 8, 2024 8
