Future Media Archives - Page 31 of 260

September Sees Global Interest Rate Cuts to Stimulate Economic Growth

September was a significant month in the global financial landscape, with major economies such as the United States, European Union, China, South Africa, and Namibia implementing interest rate reductions. These cuts came after a prolonged period of low economic growth and were largely anticipated by markets as a strategy to stimulate economic activity and lower borrowing costs. Almandro Jansen: Simonis Storm Economist.

24 October, 2024

South Africa

DA Welcomes Arrest of Louis Liebenberg and Associates in Multi-Billion Rand Diamond Scam

South Africa's DA has welcomed the arrest of Louis Liebenberg, his wife Dezzi, and seven associates for their alleged involvement in a four-billion-rand diamond investment scam. Liebenberg is known for funding Jacob Zuma’s legal battles. DA spokesperson Willie Aucamp praised former member of Parliament Veronica van Dyk’s role in exposing the scheme, despite facing intimidation and lawsuits:

24 October, 2024

Business / Economics

24 October 2024 Biz News: Coastal Tourism Thrives Amidst Global Economic Shifts: A Look at September 2024’s Key Developments in Namibia and Beyond

In September 2024, the coastal region witnessed a remarkable surge in tourism activity, achieving an impressive occupancy rate of 74.45%, the highest recorded in the country. This growth has been attributed to a variety of social, sporting, and leisure events, such as annual marathons and regional festivals, according to The Brief publication. The influx of visitors not only boosted local businesses but also underscored the region's potential as a vibrant […]

24 October, 2024

Africa

Nigerian President Tinubu Reshuffles Cabinet Amid Economic Challenges

Nigerian President Bola Tinubu has dismissed five ministers and appointed seven new ones in a major cabinet reshuffle aimed at improving government efficiency. Key appointments, according to Duetsche Welle, include new ministers for humanitarian affairs, trade, labor, and livestock development. Ten other ministers were reassigned to different portfolios, as the country grapples with worsening economic conditions and public discontent.

24 October, 2024

Science & Technology

Microsoft says Iranian hacking group targeting US election

Microsoft says Iranian hackers have conducted surveillance on US election-related websites and media outlets. The software company has warned that this could be a prelude to direct influence operations with just under two weeks to go until the presidential election. Ira Spitzer reports.

24 October, 2024

World

UN suspends polio vaccine drive in the north of Gaza

The United Nations has been forced to pause it's polio vaccination drive in the north of Gaza. More than 100 thousand children were to receive the second dose of the vaccine but due the escalating violence this is now not possible. Jody Jacobs has more from the United Nations Headquarters in New York.

24 October, 2024

South Africa

S.A’s Ramaphosa Calls for UN Security Council Reform at BRICS Summit

S.A's President Cyril Ramaphosa has called for stronger global cooperation and reform of the United Nations Security Council at the 16th BRICS summit in Kazan, Russia. During his address, he urged BRICS nations to promote peace and development, while expressing support for Palestinian rights. He stated that the current structure fails to represent the global community's interests and has been ineffective in maintaining international peace and security:

24 October, 2024

Namibia

Ren-Form Threatens Legal Action Over Alleged Links to Zimbabwean Businessman Wicknell Chivayo

Reports indicate that South African company Ren-Form CC has threatened legal action after being associated with controversial Zimbabwean businessman and ex-convict Wicknell Chivayo. Ren-Form, selected to print Namibia's ballot papers for the upcoming presidential and National Assembly elections, denies the accusations. Mathopo Attorneys, representing Ren-Form, labeled the claims as false, malicious, and unfounded.

24 October, 2024

Local

Fostering Growth and Prosperity for Farmers in Challenging Times

Bank Windhoek’s Executive Officer for Retail Banking Services and Specialist Finance, James Chapman, stated that the livestock and meat industry experienced a notable uptick in marketing activities during the first quarter of 2024, particularly in the cattle sector, which recorded a remarkable growth rate of 47.9 percent. However, he highlighted that this growth faces challenges due to limited rainfall and high input costs affecting the sustainability of the agricultural […]

24 October, 2024