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

South Africa’s Home Affairs Dismisses 18 Officials in Anti-Corruption Crackdown

S.A's department of Home Affairs has dismissed 18 officials for various offences including fraud, corruption, and sexual harassment. These officials were involved in issues like granting fake identity documents, illegal marriage registrations, and improper visa approvals. Four others received warnings. Minister Leon Schreiber says these actions reflect the department's ongoing crackdown on corruption, with criminal charges to follow where necessary:

November 21, 2024 19

Namibia

Competition commission achieves only 56% of performance target

The Auditor-General has provided an unqualified audit opinion on the Namibian Competition Commission's financial statements for the fiscal year ending March 31, 2024, confirming that the Commission's financial records accurately represent its status in line with International Financial Reporting Standards. Conducted in accordance with international auditing standards, the audit revealed no major issues with the Commission’s financial practices. The Auditor-General stated that he found ample audit evidence to support his […]

October 31, 2024 27

South Africa

South Africa’s amended Employment Bill targets foreign workers

South Africa’s Public Servants Association's acting deputy general manager, Claude Naiker, says the Employment Services Amendment Bill may reduce the number of foreign nationals employed in South Africa but does not address the country’s skills shortage. This follows the revelation that six-thousand-220 foreign nationals, including permanent residents and temporary employees, are working in the public sector.

September 12, 2024 15

Health / Medical

New law to reform health sector

The government is establishing a unified Health Professions Council to replace the existing five councils. The Namibia Press Agency reports that Health Minister Dr. Kalumbi Shangula introduced in parliament, saying that the Health Professions Council of Namibia Bill, will merge the Social Work and Psychology Council, Allied Health Professions Council, Nursing Council, Pharmacy Council, and Medical and Dental Council into one entity. The new law will also mandate health professionals […]

August 8, 2024 27

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 27

Local

GIPF Board of Trustees appoints new Chairperson and Vice-Chairperson.

The Government Institutions Pension Fund (GIPF) is proud to announce the appointment of Penda Ithindi as the GIPF Board of Trustees Chairperson and Evans Maswahu as Vice-Chairperson effective 01 January 2024 to 31 December 2024. The Fund heartily congratulates Ithindi and Maswahu on their new appointments and wish them well in their tenure of leadership. Penda Ithindi brings extensive experience in economics, capital markets/investments, with a substantial background in […]

December 15, 2023 7