insert_link Business / Economics 19 July 2024 Morning Biz News: Financial News Roundup: Meatco’s Turnaround Concerns, South African Repo Rate Unchanged, Naira Depreciates, and Dollar Steady Amid Fed Speculation 1. Meat Corporation Turnaround Strategy Under Scrutiny Finance and Public Enterprises Minister Iipumbu Shiimi has voiced concerns over the Meat Corporation's (Meatco) turnaround strategy, according to The Brief. Despite the government injecting N$1 billion in subsidies over the past three years, Shiimi is dissatisfied with the company's lack of substantial progress. The effectiveness of the turnaround plan remains a key issue, with expectations for better performance and return on investment […] todayJuly 19, 2024 14
insert_link South Africa Progressive Caucus in South Africa Outlines Charter for Seventh Parliament The Progressive Caucus in South Africa, consisting of the MK Party, the EFF, ATM, and other smaller parties, has outlined its charter for the seventh Parliament. MK's parliamentary leader, John Hlophe, told the media the aim is to strengthen South Africa's democracy, holding government accountable for a corrupt-free society. He also emphasises fighting for free quality education, healthcare, housing, water, and sanitation: todayJuly 19, 2024 46
insert_link World US takes down floating pier in Gaza The United States is breaking down its temporary floating pier in Gaza. The pier constructed by the US Military was envisaged to deliver more aid to the Gaza Strip but its operations were beset by weather, technical and security problems. Jody Jacobs reports. todayJuly 19, 2024 8
insert_link Namibia Vice President Leads Groundbreaking Ceremony for N$70 Million Civic Affairs Office in Nkurenkuru The Home Affairs, Immigration, Safety and Security ministry held a groundbreaking ceremony for the construction of a Civic Affairs regional office in Nkurenkuru, Kavango West. Led by Vice President, Netumbo Nandi-Ndaitwah, the N$70 million project is set to begin construction by August 13, and complete in two years. Nandi-Ndaitwah highlighted the office's role in improving service efficiency, including birth and death registrations, identity cards, passports, and immigration matters, while […] todayJuly 19, 2024 13
South Africa City of Tshwane says it will honour its commitment to pay employees a salary increase To South Africa, where the City of Tshwane says it will honour its commitment to pay employees a salary increase. On Monday, the Metro began wage talks with the South African Local Government Association, South African Municipal Workers' Union, and the Independent Municipal and Allied Trade Union at the South African Local Government Bargaining Council. City Manager, Johann Mettler, says provision has been made to pay staff a 5.1-percent salary […] todayJuly 18, 2024 139
insert_link World Protesting students announce nationwide shutdown in Bangladesh Protesters in Bangladesh are enforcing a nationwide shutdown on Thursday, saying only hospitals and emergency services will be allowed to run. Six students have been killed in clashes with police and pro-government groups this week. Protesting students want an end to a controversial quota system for families of veterans who fought in Bangladesh's war of independence in 1971, saying jobs should be given on merit. Our South Asia correspondent Neha […] todayJuly 18, 2024 33
insert_link Namibia Khorixas Town Council is set to have a public meeting this afternoon The Khorixas Town Council is set to have a public meeting this afternoon. The council's Simson Mario //Ochurub spoke with Future Media News: todayJuly 18, 2024 19
insert_link World Trump’s VP pick Vance promises to restore American dream JD Vance, the millennial face of the 'MAGA' movement, has pledged to help return Donald Trump to the White House in his first speech since being named Trump's 2024 running mate. The U.S. Senator, who once compared Trump to Hitler, has joined the ranks of former critics now supporting the party's nominee. At the Republican National Convention, Vance delivered a prime-time address to an enthusiastic crowd, promoting an America-first agenda, […] todayJuly 18, 2024 14
insert_link South Africa UDM Calls for Urgency in President Ramaphosa’s Upcoming Address In South Africa, The UDM party says president Cyril Ramaphosa’s address this evening should not be business as usual, as he must outline the next steps for South Africa’s immediate future. The president will deliver his opening of Parliament address at the Cape Town City Hall. UDM’s secretary general, Yongama Zigebe, says while political emancipation of citizens has been achieved, they remain shackled by the bonds of poverty, joblessness, and […] todayJuly 18, 2024 10
