insert_link Business / Economics September Vehicle Sales Drop As Rental Purchases Plummet Vehicle sales in September reached 988 units, continuing a two-month decline. Out of these, 978 were sold to dealerships, 10 to rental agencies, and none to the government. Rental agency purchases saw a sharp drop, falling from 141 units in July to just 10 in September. The overall market was mainly sustained by sales in the commercial vehicle segment. Simonis Storm Economist: Almandro Jansen: todayOctober 17, 2024 16
insert_link Business / Economics 17 October 2024 Biz News Economic and Market Highlights: Bank of Namibia Cuts Rates, Oil Sector Concerns, and Global Chip Market Outlook Bank of Namibia Cuts Interest Rate for Second Consecutive Time The Bank of Namibia has reduced its main interest rate for the second month in a row, citing a faster-than-expected drop in inflation and the need to bolster economic growth. In a unanimous decision, the central bank's Monetary Policy Committee lowered the repo rate by 25 basis points to 7.25%. This follows a similar cut in August as part of […] todayOctober 17, 2024 12
insert_link World U.S Presidential election gets underway in the U.S. state of Georgia with record early voting A record number of people turned up on the first day of early voting for the U.S. Presidential election in the state of Georgia; 300 thousand voters had cast their ballot by the end of Tuesday - nearly double the number from the last election in 2020. It's a critical swing state that went to the Democrats and President Joseph Biden last time, despite complaints of miscounting by former President […] todayOctober 17, 2024 13
insert_link South Africa AfriForum Youth Demands Apology from University of Pretoria After Malema’s Lecture Amid Alleged Racist Chants South Africa's AfriForum Youth is demanding an apology from the University of Pretoria after EFF leader Julius Malema's lecture, where EFF Student Command members allegedly chanted violent and racist slogans. They criticised the university for allowing the event, saying it goes against its policy of inclusivity and non-discrimination. AfriForum Youth’s Maree van den Berg also called for the deregistration of the EFF Student Command, citing repeated campus safety violations: todayOctober 17, 2024 4
insert_link Business / Economics French companies are significantly boosting their investments in South Africa French companies are significantly boosting their investments in South Africa. Speaking at the French Business Forum in Johannesburg, French ambassador David Martinon noted that South Africa’s financial regulatory framework and political stability make it an attractive destination for international investors. He says the forum provides a platform for French companies to engage with local businesses, further strengthening economic ties between the two nations: todayOctober 17, 2024 12
insert_link Namibia Cuba Embassy to Host Press Conference on U.S. Blockade and Upcoming UN Resolution The Embassy of Cuba has requested support from the Ministry of International Relations and Cooperation, along with the Ministry of Information and Communication Technology, to organize a press conference with HE Sergio Vigoa de la Uz, Cuba's ambassador to Namibia. The conference will discuss the impacts of the over 60-year U.S. blockade against Cuba and the upcoming UN General Assembly resolution calling for its termination, which many regard as genocidal todayOctober 17, 2024 9
insert_link Environment JOINT PRESS RELEASE: Handover of vehicles and IT equipment for the Wildlife Protection Service (WPS) unit Handover of vehicles and IT equipment for the Wildlife Protection Service (WPS) unit The Integrated Wildlife Protection Project (IWPP), co-financed by the German Ministry for Economic Cooperation and Development (BMZ) through KfW Development Bank has handed over 22 vehicles (21 4x4 patrol vehicles and one sedan Corolla service vehicle) and IT equipment worth NAD 19.8 million (approx. EUR 1 million) to the Ministry of Environment Forestry and Tourism (MEFT). […] todayOctober 16, 2024 5
insert_link South Africa South Africa’s Police launch manhunt for four men they believe could be linked to the Lusikisiki massacre South Africa's Police have launched a manhunt for four men they believe could be linked to the Lusikisiki massacre that saw 18 people killed in the Eastern Cape last month. The suspects are Songezo Vuma, Bonga Hintsa, Aphiwe Ndende, and Lwando Anthony Shakes. On Tuesday, one of the men already arrested in connection with the murders, Siphosoxolo Myekethe, abandoned his bail application. National police spokesperson, Athlenda Mathe, says they believe […] todayOctober 16, 2024 17
insert_link Environment US disaster fund out of money amid avalanche of hurricane loan requests A key federal program that provides loans to disaster survivors has run out of money. The lack of funding could slow the recovery operations for millions of people devastated by Hurricanes Helene and Milton. Toni Waterman has more. todayOctober 16, 2024 10