Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

In S.A, North-West University Business School economist, Raymond Parsons, has called for urgent economic reforms following the disappointing gross domestic product growth figures for the third quarter, when it decreased by 0.3-percent. Parsons calls for more investment and faster reforms from both the public and private sectors to drive job-rich growth and improve the economy:

December 4, 2024 13

South Africa

Cosatu Welcomes Dip in Unemployment Rate in South Africa

S A. Union Cosatu says the slight dip in the unemployment rate is a welcome reprieve, coming on the back of three consecutive quarters of job losses. About 294-thousand more people were employed in the third quarter of this year. Cosatu’s, Matthew Parks, says unemployment remains dangerously high among young people. He says the private sector needs to come to the party by halting the flood of retrenchments […]

November 13, 2024 22

Africa

Africa’s off-grid solar sector is electrifying global investors

By Bonface Orucho, bird story agency Africa’s off-grid solar sector continues to be a magnet for investment, with recent analysis from Africa: the Big Deal emphasizing its growing appeal to investors. Despite a general decline in start-up funding across the continent over the last two years, the industry remains a clear priority for both the social impact and regular investment community. According to Laura Fortes, the senior […]

August 22, 2024 29

Local

Letshego Namibia Welcomes João Bismarck as Customer Experience Manager

In a financial industry where customer needs evolve and a seamless customer journey is paramount, Letshego Holdings Namibia is pleased to welcome João Bismarck as its new Customer Experience Manager. Bismarck is a dynamic individual who stays abreast of recent news and industry trends. He enjoys challenges that require creative thinking and constant stimulation. In his spare time, Bismarck likes to spend time with his closest friends […]

July 12, 2024 20

South Africa

South Africa: coalition government won’t fix past failures – expect the private sector to play a bigger role in delivering power, transport and security

By Lawrence Hamilton, University of the Witwatersrand To help save the planet, governments across the globe are choosing to adopt sustainable policies and encourage (or coerce) the private sector to do likewise. Given the climate crisis, most responsible governments are focusing on finding every possible means to meet existing needs without sacrificing the planet to meet the needs of future generations. In South Africa things […]

June 4, 2024 24

Africa

Nigeria’s minimum wage has never protected workers from poverty: here’s why

By Stephen Onyeiwu, Allegheny College Wages have become the top issue for Nigeria’s organised labour movements in the past year. Reacting to recent increases in the cost of living, the labour movement has been calling for an upward review of the national minimum wage, currently N30,000 (US$24) a month. The Conversation’s Adejuwon Soyinka asks economics professor Stephen Onyeiwu if Nigeria’s minimum wage truly protects workers from poverty. […]

May 6, 2024 25

Science & Technology

Is TikTok’s parent company an agent of the Chinese state? In China Inc., it’s a little more complicated

Some U.S. lawmakers have grown concerned about TikTok. Greg Baker/AFP via Getty Images. By Shaomin Li, Old Dominion University Does the Chinese government have officials inside TikTok’s parent company, ByteDance, pulling the strings? And does the storing of data from the popular social media app outside of China protect Americans? These questions appear to dominate the current thinking in the U.S. over whether to ban TikTok if its […]

March 18, 2024 17

Namibia

New school required at Lüderitz: Ndjaleka

!Nami#Nus Constituency Councillor, Susan Ndjaleka has called on government to prioritise building a new school at Lüderitz ahead of the much-anticipated developments earmarked for the town. Ndjeleka made the call in a recent interview with Nampa, saying people have started migrating to Lüderitz because of the developments around the town such as the green hydrogen and oil. The current schools, she said might therefore, not be able to accommodate […]

January 22, 2024 12

Health / Medical

MoHSS working towards PPP in renovation of nurses’ homes

Executive Director in the Ministry of Health and Social Services (MoHSS), Ben Nangombe, on Monday said that the government is working towards a Private Public Partnership (PPP) in the renovation process of the Windhoek Central nurses' home. Nangombe, in a recent interview with Nampa, said the commencement of the possible collaboration with the private sector for the renovations has begun, and could however not further disclose the possible private partner’s […]

December 19, 2023 13