insert_link Uncategorized Inflation again to dominate in week ahead on Wall Street Inflation will be in focus on Wall Street again this week with therelease of personal consumption expenditures data due out on Thursday. A number of Federal Reserve members are also expected to speak and traders will be looking for clues on when the Central Bank plans to start lowering interest rates. From New York William Denselow reports. todayNovember 27, 2023 9
insert_link Namibia Dalton Ashikoto eyes new Namibian-produced movies An intellectual billionaire and two other men struggled to band together and survive after getting stranded in the Alaskan wilderness with a blood-thirsty Kodiak Bear hunting them down. Sounds like a movie? Well, yes, it's the American movie by the name "The Edge" from 1997. Local Film producer Dalton Ashikoto visited Future Media Studios and gave us a brief on the Namibian-produced movie called "The Edge". todayNovember 27, 2023 25
insert_link World Multiple fatal crashes over the Thanksgiving holidays in the U.S U.S. first responders dealt with at least 14 road deaths in the state of Georgia on Thursday, and another involving four fatalities in California. The crashes happened as people were travelling to see loved ones over the holidays. From Washington Caroline Malone reports. todayNovember 27, 2023
insert_link South Africa SA’s Electricty Minister says generation units that led to stage 6 rolling blackouts have been returned to service Electricity minister Kgosientsho Ramokgopa says generation units that led to stage six rolling blackouts have returned to service and Eskom is expecting more units to return tomorrow. Ramokgopa provided an update on electricity generation performance following the earlier implementation of stage six load-shedding by Eskom, which has now been reduced to stage 4. He says the high unplanned capability loss factor due to recent breakdowns, which resulted in low dam […] todayNovember 27, 2023 5
insert_link Namibia Ministry of Public Enterprises intends to implement a new game plan for State-owned enterprises The Finance and Public Enterprises ministry intends to implement what it calls a new game plan aimed at enhancing the effectiveness of State-owned enterprises, with a particular focus on boards’ performance. Minister Iipumbu Shiimi revealed the plan during the public enterprises conference held at Gross Barmen this past week, saying it will include the recruitment of experienced individuals to serve as board members of SOEs and measuring their performance. todayNovember 27, 2023 17
insert_link Business / Economics SA’s Minister of Labour talks five-billion-rand Unemployment Insurance Fund jobs deal with Thuja Holdings SA's Minister of Labour and Employment Thulas Nxesi says he will file court papers to set aside the controversial five-billion-rand Unemployment Insurance Fund jobs deal with Thuja Holdings. Thuja Holdings CEO and former Productivity SA chairperson, Mthunzi Mdwaba, has alleged that minister Nxesi and two other cabinet ministers solicited a 500-million-rand bribe to allow a dubious job creation scheme by the UIF to proceed. Nxesi has strongly denied the allegations, […] todayNovember 24, 2023 4
insert_link Business / Economics Chairperson of the Konrad-Adenauer-Stiftung pays courtesy visit to the National Council of Namibia Norbert Lammert, Chairperson of the Konrad-Adenauer-Stiftung, paid a courtesy visit to the National Council of Namibia. During the discussions, the delegation explored the organisational structures of their respective federal systems. Lukas Sinimbo Muha, Chairperson of the National Council, emphasised the importance of the working relationship between KAS and the National Council. Muha highlighted, with gratitude, KAS’s sponsorship of the five-year strategic plan, which will run until the 2027/28 financial year. […] todayNovember 24, 2023 10
insert_link South Africa Western Cape MEC of Finance says they continue to see job creation Western Cape MEC of Finance and Economic Opportunities, Mireille Wenger, says in spite of a challenged post-COVID-19 global economy, they continue to see job creation and economic growth improve. She tabled the Municipal Economic Review and Outlook 2023/2024 in the Western Cape Provincial Parliament this week. Wenger says the outlook reflects the province’s adaptability and resilience in the face of changing economic paradigms. todayNovember 24, 2023 12
insert_link Namibia Water scarcity in Northern Namibia has been caused by the revamping of the water system NamWater Chief Executive Officer Abraham Nehemia said the water scarcity in Northern Namibia has been caused by the revamping of the water system from Calueque to the Oshakati canal, the treatment plants and the pipelines. Nehemia said the water systems in place from Calueque to Omuthiya were built in the 1970s and 80s and the systems are now insufficient for the increased population. Water is transported in raw form from […] todayNovember 24, 2023 4