insert_link Namibia Gobabis Municipality Councillors in Arrears with Residents’ Services Suspended Five councillors of the Gobabis municipality collectively owe the town over N$650,000, while services for residents with overdue accounts are being suspended concurrently. Gobabis Chief Executive Sophia Eises confirmed the municipality's practice of cutting off services to residents in arrears, stating that this is a routine measure unless payment arrangements are made. However, Eises declined to comment on the councillors' outstanding debts. Reports indicate the mayor, her deputy, and three […] todayApril 19, 2024 16
insert_link World Nippon Steel faces presidential opposition to U.S Steel takeover Nippon steel’s $14 billion acquisition of U.S Steel is coming under increased scrutiny as U.S President Joseph Biden vows to block the deal. The Japanese company has responded to opposition from both Biden and Republican presidential candidate Donald Trump by saying the purchase would benefit US workers. Chris Gilbert reports from Tokyo. todayApril 18, 2024 17
insert_link Uncategorized S.A’s UDM says government needs to urgently implement full strategies for disaster preparedness and response S.A's UDM says government needs to urgently implement full strategies for disaster preparedness and response, and make South Africans more aware of the implications of natural disasters. This comes as heavy rains battered KwaZulu-Natal leaving five dead in Margate earlier this week. UDM’s secretary-general, Yongama Zigebe, says the government must also increase investment in infrastructure to withstand the growing threat of extreme weather events linked to climate change: todayApril 18, 2024 3
Namibia Bannerman Mining Resources Begins Construction at Etango Uranium Project Bannerman Mining Resources Namibia has initiated construction at its flagship project, the Etango Uranium Project, following the issuance of a mining license by the Ministry of Mines and Energy in December 2023. Bannerman Managing Director Werner Ewald announced that construction activities have commenced, with mining operations slated to begin in 2027. The company has awarded contracts for essential infrastructure, including a pipeline and access road, and aims to secure funding […] todayApril 18, 2024 39
insert_link World U.S reimposes sanctions on Venezuelan oil industry The U.S government is reimposing sanctions against Venezuela's oil industry that it eased 6 months ago. It comes after Caracas put restrictions on opposition candidates trying to run in this year's presidential election. Nick Harper reports from Washington. todayApril 18, 2024 17
insert_link South Africa City of Johannesburg says it is pleased that the rule of law has been maintained especially against big businesses The City of Johannesburg says it is pleased that the rule of law has been maintained especially against big businesses and massive residential estates that want to avoid paying municipal services. The Johannesburg High Court ruled in favour of the city against Malakite Body Corporate and Greenstone Crest Body Corporate. The city’s spokesperson, Nkosana Lekotjolo, says the two appellants appealed an earlier judgment which found the metro was correct to […] todayApril 18, 2024 27
insert_link South Africa Former South African President Jacob Zuma to Present Private Prosecution Case Against Cyril Ramaphosa in High Court Appearance S.A Former President Jacob Zuma will appear at the High Court in Johannesburg in his capacity as the Private Prosecutor in his bid against President Cyril Ramaphosa. The Zuma Foundation states that the purpose of the appearance is to provide an update to the criminal court on the ongoing appeals in the Supreme Court of Appeal regarding the review and setting aside of the summons served on the accused. todayApril 18, 2024 11
insert_link World U.S president Joseph Biden wants to triple US tariffs on Chinese steel and aluminum, increasing the import tax to 25%. U.S president Joseph Biden wants to triple US tariffs on Chinese steel and aluminum, increasing the import tax to 25%. Biden is visiting steelworkers in the battleground state of Pennsylvania as he looks to win over unions as part of reelection bid. Nick Harper reports from Washington. todayApril 18, 2024 12
insert_link Business / Economics 11-18 April 2024 Weekly Economics Wrap: Insights from Around the Globe Namibian Financial Landscape: The Bank of Namibia has decided to maintain the repo rate at 7.75 percent, signaling a cautious approach to monetary policy amid economic uncertainties. Sanlam Namibia reported significant growth in assets, reaching N$4.6 billion in 2023. CEO Tertius Stears expressed confidence in the company's performance, anticipating further growth in policy liabilities. Developments in South Africa: The South African rand experienced depreciation against the U.S. dollar amidst escalating […] todayApril 18, 2024 12
