insert_link Local Cybersecurity in the Financial Sector: A Collective Responsibility The digital landscape presents both endless opportunities and growing threats to the financial sector as cybercriminals become increasingly sophisticated. With Cybersecurity Awareness Month ending this October, Letshego Holdings Namibia urges customers, as well as employees across government, private, and financial sectors, to remain vigilant. Cyberattacks including phishing emails, SMS scams (smishing), and social media impersonation are on the rise, targeting sensitive company or social media information to build […] todayOctober 31, 2024 4
insert_link Local PRESS RELEASE: FRESH FM Following the recent incident at the weekend's SYM Awards, we recognize the public interest and commentary regarding Fresh FM’s response, and we want to assure our listeners and partners that we are addressing the matter with the utmost seriousness. As part of our internal review, NSK was suspended from the Fresh FM morning show earlier this week, though he did appear on air Monday morning. Unfortunately, he was unavailable for […] todayOctober 31, 2024 10
insert_link 2 Namibia Auditor-General’s Report Flags Major Financial Issues at the Municipality of Windhoek The Auditor-General’s report on Windhoek Municipality’s 2022 and 2023 finances, highlights major concerns, resulting in a disclaimer of opinion. Key issues include missing accounting policies for public-private partnerships, unapproved salary increases, incomplete land records, and possible data manipulation. With liabilities exceeding assets by over 723 million dollars, the Municipality faces serious solvency risks. The report warns these issues could impact service delivery, urging stricter controls and a financial recovery plan. todayOctober 31, 2024 41 2
insert_link South Africa TLU SA Seeks Clarity on Medium Term Budget’s Impact on Agriculture The South African agricultural organisation TLU SA says it wants clarity on whether the plans announced in the Medium Term Budget Policy Statement will genuinely meet the real needs of the economy and agriculture. TLU SA’s, Bennie van Zyl, says the focus of the government of national unity on inclusive growth and job creation is valuable, but the concern is that real challenges, such as corruption and mismanagement, are […] todayOctober 31, 2024 16
insert_link World New Delhi sees air quality dip on Diwali A thick grey layer of smog has engulfed New Delhi with pollution levels making the Indian capital the world's most polluted city. Millions are also marking the Hindu festival of Diwali in India on Thursday. Forecasts show air quality will significantly worsen in the next 24 hours with many in Delhi defying a firecracker ban. Neha Poonia has more. todayOctober 31, 2024 8
insert_link Namibia Auditor-General Issues Qualified Opinion on Mariental Municipality’s Financial Statements The Auditor-General's report on the Municipality of Mariental for the financial year ending June 30, 2023, has issued a qualified opinion on its financial statements. The report identifies discrepancies in accounting for bulk purchases of water and electricity, resulting in misstatements of approximately 2.4 million Namibian dollars for water and 11.4 million for electricity due to reliance on payment-based rather than accrual-based accounting. Despite these issues, the Auditor-General affirms that […] todayOctober 31, 2024 6
insert_link World North Korea long-range ballistic missile test splashes down between Japan and Russia North Korea fired a long-range ballistic missile into the sea off its east coast on Thursday, South Korea and Japan said. It comes a day after Seoul reported the North was making preparations to test-launch an intercontinental ballistic missile. Laura Westbrook has more from Hong Kong. todayOctober 31, 2024 18
insert_link South Africa Cosatu Expresses Disappointment with S.A’s Treasury’s Economic Strategies S.A union, Cosatu says it remains underwhelmed and disappointed by the Treasury’s continued approach to tackling South Africa’s deep-seated economic and governance crises. The union federation was responding to the Medium-Term Budget Policy Statement. Cosatu’s, Matthew Parks, says the fundamental challenges facing the nation are a stagnant economy and a rising unemployment rate of 42.6-percent: todayOctober 31, 2024 15
insert_link Namibia Ondangwa Town Council Faces Compliance Issues and Performance Management Challenges The Auditor-General, Junias Etuna Kandjeke, found major compliance issues in the Ondangwa Town Council's financial statements for the year ending June 30, 2023. The council failed to adhere to the Local Authorities Act and improperly implemented a new travel policy without ministerial approval, leading to over N$ 1.2 million in improper payments. Additionally, the audit revealed weaknesses in measuring key performance indicators and a lack of individual performance […] todayOctober 31, 2024 7