FUTURE MEDIA NEWS Archives - Page 66 of 443

Household Credit Trends: Mixed Signals in August

Household credit data for August 2024 reveals a mixed trend, with total debt rising by N$125.94 million month-on-month and N$1.3 billion year-on-year, according to official figures. Despite this increase, says The Brief, a report from Simonis Storm Securities indicates that overall credit growth remains subdued. Notably, mortgage loans have declined by 1.1% year-on-year, reversing the 3.1% year-on-year growth seen in August 2023. This decline is largely attributed to the lingering […]

3 October, 2024

South Africa

DA in Tshwane says it is prepared to go to court to defend the metro’s administration against attacks

To S.A, where the DA in Tshwane says it is prepared to go to court to defend the metro’s administration against attacks. This comes after the ANC and the EFF criticised City manager Johann Mettler for reprimanding staff for the way they treated former mayor Cilliers Brink when he left the building after his removal last Thursday. The DA’s, Kwena Moloto, claims the ANC/EFF coalition will replace independent senior managers […]

3 October, 2024

Business / Economics

Regional Energy Regulators Association of Southern Africa Appoints Interim Executive Director

The Regional Energy Regulators Association of Southern Africa has appointed Francois Robinson, Manager for Regulatory Affairs at the Electricity Control Board of Namibia, as its interim Executive Director. According to The Brief, this decision follows the resignation of Elijah Sichone on August 15. RERA’s Executive Committee approved Robinson's appointment during a meeting on September 9, and it will remain in effect for six months or until a permanent Executive Director […]

3 October, 2024

Business / Economics

Omaruru’s Town Council Chief Executive says the town is making progress with regards to road infrastructure

Omaruru's Town Council Chief Executive says the town is making progress with regards to road infrastructure. In a recent interview, Valentinus Sindongo provided this update.

3 October, 2024

Business / Economics

26 September-3 October 2024 Weekly Economics Wrap

This week’s economic highlights reflect a mixture of local and international developments impacting investment, currency stability, and market performance across various sectors. Namibia's Investment Reluctance A significant portion of Namibians are hesitant to invest, with the 2023 Old Mutual Financial Services Monitor revealing that 37% of the population is unwilling to accept any investment risks. This trend is particularly pronounced among younger consumers, indicating a broader reluctance to engage […]

3 October, 2024

World

Iranian ambassador to the United Nations says his country’s missile strike was a necessity

Iranian ambassador to the United Nations, Amir Saeed Iravani, says his country’s missile strike was a necessity and a proportionate response to Israel's continuous aggressive terrorist acts of the past two months. Iran launched high-speed missile barrages at Israel on Tuesday night, Tehran’s largest-ever attack on its regional foe. Iravani told the UN Security Council that the only way to prevent further escalation is for Israel to immediately cease […]

3 October, 2024

Namibia

Safland to Develop Five New Retail Centers, Including Goreangab Mall

Safland Property Group plans to develop five new retail shopping centers across Namibia, with construction on three set to begin next year. The Brief reports that the N$260 million Goreangab Mall in Windhoek, in partnership with Oryx Properties Limited, is one of the key projects, expected to open in May 2026. Bulk earthworks started on 2 September, with phase one scheduled for completion by November 2024. The 14,500-square-meter mall, anchored […]

3 October, 2024

South Africa

Former EFF MP Khanyisile Litchfield-Tshabalala Joins MK

To South Africa, where former EFF member of Parliament and human rights activist Khanyisile Litchfield-Tshabalala has officially joined the MK Party. She announced her decision during an interview with fellow activist Ntsiki Mazwai on the Moya podcast. The former ANC uMkhonto we Sizwe operative and South African Navy's first female rear admiral expressed concerns over the current direction of parliament and the government's policies:

3 October, 2024

World

Thousands of US dock workers continue to strike

Thousands of us dock workers are on strike for a second day, over better pay and automation. The International Longshoremen's Association told its members at 36 ports across the East and Gulf Coasts to stop working from Tuesday. Economists fear the disruption could impact the US economy and even global supply chains. President Joseph Biden is backing the workers, saying they should be offered a "strong and fair contract". […]

3 October, 2024