insert_link Business / Economics 16 April 2024 Morning Biz News: Sanlam Namibia Assets Soar to N$4.6 Billion in 2023 Amidst Positive Growth Projections Sanlam Namibia, a leading insurance provider, has reported substantial growth in its assets, reaching N$4.6 billion in 2023, representing a N$500 million increase compared to the previous year's figures. This notable expansion underscores the company's resilience and strategic positioning in the market. Moreover, Sanlam Namibia anticipates further growth, with expectations to disburse nearly N$22 billion in policy liabilities in the near future, reflecting confidence in its operational capabilities and market […] todayApril 16, 2024 30
insert_link Interview Transcripts EXCLUSIVE INTERVIEW: Expert Analysis on Rising Cost of Living: A Conversation with Professor Basilius Kasera In a recent discussion, Professor Basilius Kasera from the University of Namibia sheds light on the pressing issue of rising prices and its implications on the lives of ordinary citizens. The conversation delves into various aspects of the current economic landscape, providing valuable insights into the challenges faced by individuals and families in meeting their basic needs amidst increasing costs. Professor Kasera begins by highlighting the lack of effective […] todayApril 16, 2024 12
insert_link Business / Economics S.A’s Central Energy Fund’s mid-month data predicts petrol prices to increase for the fourth consecutive month in May S.A's Central Energy Fund's mid-month data predicts petrol prices to increase for the fourth consecutive month in May, with an anticipated under-recovery of around 30-cents-per-litre. However, diesel prices are expected to decrease, with an over-recovery of approximately 28-cents-per-litre. The anticipated increase sees 93 octane petrol rising by 30-cents-per-litre and 95 octane by 31-cents-per-litre. Meanwhile, diesel wholesale is expected to have a decrease of 26 to 31-cents-per-litre todayApril 16, 2024 9
insert_link South Africa Congress of Traditional Leaders of South Africa says initiation schools will not operate before the elections on 29 May The Congress of Traditional Leaders of South Africa has announced initiation schools will not operate before the elections on 29 May. CONTRALESA’s president, Kgoshi Lameck Mokoena, told the media initiates will have time to vote, as there are no special provisions for them. Mokoena also said law enforcement officials are on high alert to prevent any schools from operating prematurely. He urges parents to seek permits for initiation schools and […] todayApril 16, 2024 29
insert_link Namibia Housing Project by Former Businessman-Turned-Activist Faces Scrutiny Over Delays and Refund Demands Former businessman turned activist Michael Amushelelo has acknowledged that several clients of his 'affordable housing project' are now seeking refunds due to significant delays. Amushelelo had launched a housing initiative in Brakwater back in 2021, aiming to provide 150 unserviced plots and affordable homes for middle-income earners struggling to secure home loans. However, what was initially a promising endeavor has evolved into a disappointment for many, as the project has […] todayApril 16, 2024 16
insert_link World IAEA concerned about a nuclear disaster in Ukraine The International Atomic Energy Agency says the world is getting dangerously close to a nuclear accident. The warning comes after several drone attacks on the Zaporizhzhia Nuclear Power Plant in southeastern Ukraine. Speaking at the UN Security Council on Monday, Rafael Mariano Grossi, the Director General of the IAEA said everything must be done to minimize the risk of an accident. He says these "reckless attacks" must cease immediately. todayApril 16, 2024 13
insert_link South Africa ANC president Cyril Ramaphosa says government is addressing electricity challenges in Orange Farm ANC president Cyril Ramaphosa says government is addressing electricity challenges in Orange Farm, south of Johannesburg. He was campaigning in the area yesterday. Last year, the provincial government launched its multimillion-rand power transformer replacement programme as an important service delivery initiative. Transformers in some of the townships explode or malfunction due to illegal connections and overload flowing from high demand. Ramaphosa says progress has been made in installing or replacing […] todayApril 15, 2024 16
insert_link World Hong Kong marks first National Security Education Day since passing domestic security law Hong Kong held its first National Security Education Day since the city enacted its domestic security legislation. The day was launched in the city after the Beijing-imposed security law in 2020 to raise public awareness of national security. Laura Westbrook has more. todayApril 15, 2024 19
insert_link Namibia Fatal Accident Claims Life of 62-Year-Old Namibian Man in Olukonda Constituency A tragic incident occurred at Omanoakambungu village in the Oshikoto region's Olukonda constituency, resulting in the immediate death of a 62-year-old Namibian man who lost control of the vehicle he was driving. Deputy Commissioner Titus Ekandjo, the Namibian Police Force Oshikoto Regional Crime Investigation Coordinator says the deceased, identified as Uukelo Tomas from Onakandi village in the Oshipala area, was driving a white Toyota double cab pick-up with a WIndhoek […] todayApril 15, 2024 17
