insert_link South Africa SAP to Pay 500-Million-Rand Settlement to SIU Over Corrupt Eskom Contracts German software giant SAP has agreed to pay the Special Investigating Unit 500 million rand within seven days concerning corrupt contracts at Eskom. The SIU states that the settlement arises from two Eskom contracts, valued at around 1.1 billion rand, awarded to SAP between 2013 and 2016. The Special Tribunal has declared the contracts constitutionally invalid, following an investigation that revealed they were entered into illegally. The SIU emphasizes that […] todayMarch 26, 2024 7
insert_link World UK Sanctions Chinese Company and Two Individuals Over Cyber Attacks The UK government has unveiled new sanctions in response to cyber attacks it says were carried out by hackers linked to the Chinese State. A company and two individuals said to be connected to a Chinese state-affiliated group have been sanctioned, over hacking campaigns targeting British lawmakers. The Chinese Embassy has rejected the claims. Simon Gaitán reports. todayMarch 26, 2024 14
insert_link Business / Economics 26 March 2024 Morning Biz News: Financial Updates: Insights into Market Developments 1. Capricorn Group to Increase Stake in Paratus Telecom Capricorn Group, a prominent entity listed on the Namibian Stock Exchange, has announced its intention to elevate its ownership share in Paratus Telecom. Currently holding a 31% stake in the telecommunications company, Capricorn Group aims to bolster its position to 36% by the conclusion of the year. This move underscores Capricorn's confidence in Paratus Telecom's robust growth potential within the […] todayMarch 26, 2024 18
insert_link Namibia Expert Emphasizes Transparency as Key in State-Owned Enterprises Independent business researcher Josef Sheehama has underscored the paramount significance of transparency in state-owned enterprises, commonly referred to as parastatals. Addressing the matter, Sheehama pointed out the clear connection between the absence of transparency and the widespread occurrence of corruption within these organizations. todayMarch 26, 2024 15
insert_link World UNSC finally approves a ceasefire resolution The United Nations Security Council has adopted a Gaza ceasefire resolution on Monday. The resolution was drafted by the elective members of the council and calls for an immediate ceasefire for Ramadan. Jody Jacobs reports from the United Nations in New York. todayMarch 26, 2024 5
insert_link Namibia Senegal’s Next President Emerges as Opposition Candidate and Secures Victory as local analyst weighs in Opposition candidate Bassirou Diomaye Faye is on track to become Senegal's next president after his rival from the ruling coalition conceded defeat. Initial results suggest that Faye, aged 44, may have won an outright majority in the delayed presidential election. Despite initially suggesting a runoff, ruling coalition candidate Amadou Ba, aged 62, later congratulated Faye, indicating a peaceful transition of power. Local public policy analyst Dr. Marius Kudumo provides insights […] todayMarch 26, 2024 14
insert_link Business / Economics EXCLUSIVE INTERVIEW: Independent Business and Economics Researcher Josef Kefas Sheehama Advocates for Parastatal Transparency In a recent statement, Josef Sheehama emphasized the critical importance of transparency within state-owned enterprises, also known as parastatals. Speaking on the issue, Sheehama highlighted the direct correlation between the lack of transparency and the prevalence of corruption within these entities. Sheehama asserted that without adequate transparency and accountability measures in place, corruption becomes an enticing prospect for individuals seeking personal enrichment at the expense of public resources. He underscored […] todayMarch 26, 2024 16
insert_link Namibia ICT Minister Sets Firm Deadline for SIM Card Registration and Warns of Suspension Information and Communication Technology minister, Emma Theofelus, announced that no further extensions will be granted to SIM card users beyond the approaching deadline of March 31, 2024. Those not registered by this date will face a three-month suspension, with users encountering warning messages and service restrictions. Minister Theofelus urged all SIM card users to utilize the grace period to complete their registration promptly. todayMarch 26, 2024 9
insert_link South Africa High Court in Pretoria Sets Date for Ruling on SA’s National Assembly Speaker’s Urgent Court Bid The High Court in Pretoria has scheduled the ruling on an urgent court bid by SA's National Assembly Speaker Nosiviwe Mapisa-Nqakula for the second of next month. Judge Sulet Potterill expressed dissatisfaction with Mapisa-Nqakula's request to inspect evidence before the ruling. The State has pledged not to arrest Mapisa-Nqakula until the court's decision. On special leave, she seeks to prevent arrest over alleged bribery while serving as Defence Minister. National […] todayMarch 26, 2024 10
