South Africa

Morning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs

NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […]

26 February, 2025 19

South Africa

In S.A, ANC announced the party’s reconfigured KwaZulu-Natal leadership

In South Africa, ANC secretary-general Fikile Mbalula has announced the party's reconfigured KwaZulu-Natal leadership. The new top six leaders are Mike Mabuyakhulu, Jeff Radebe, Siboniso Duma, Weziwe Thusi, Nomagugu Simelane, and Nomusa Dube-Ncube. In a media briefing at the Moses Mabhida Stadium in eThekwini, Mbalula said the new leadership will succeed the previous provincial team which managed the party's performance during last year’s general elections when ANC support in the […]

26 February, 2025 50

Namibia

Namibia Lacks Laws to Compel Tech Giants to Pay Media

The Namibian Competition Commission has stated that the country does not have laws similar to South Africa’s, where tech giants have been ordered to compensate the media. This as South Africa’s Competition Commission recently ruled that Google must pay local media between R300 million and R500 million for using their content, as the platform benefits by an estimated R800 million to R900 million annually. Eric Mhunduru from NewsOnOne on One […]

26 February, 2025 40

Oshiwambo

Ovakwaita va 2 va SA ovo vali metumo ko DRC vaningilako omateelelo

Ehangano li lilepo etanga leameno lopashiwana la South Africa SANDU, olati omuvalu woilyo yetanga leameno oyo yaalukila moshilongo fiyo opapa okudja koshitopolwa shili moupyakadi wo makuyunguto oita moushilo wa DRC ovefike po 200. Ehangano olati mokati kovakwaita aavo va alukila moshilongo omwa kwatelwa ovakwaita va 2 ovakainhu ovo velihumbata. Eshi osha landula eshi nelomba lomushindi lanambela oshikando oshitivali pokapale komatukodila ka South Africa onghela komatango omo yoo mwakwatelwa ovakwaita ovo […]

26 February, 2025 24

Business / Economics

Google ordered to pay South African media up to R500 million annually

South Africa’s Competition Commission has ruled that tech giant Google must pay local news media between R300 million and R500 million annually to address lost advertising revenue and competition imbalances. The decision follows an inquiry that found Google benefits from South African news content by as much as R900 million per year, while local media houses suffer losses ranging from R300 million to R500 million. In addition to financial compensation, […]

25 February, 2025 44

South Africa

Loadshedding at stage two until further notice in South Africa

Loadshedding has been reduced to stage two until further notice in South Africa, following the successful recovery of eight out of ten generation units that tripped over the weekend. A total of three-thousand-808-megawatts has been restored from the units that tripped. Eskom’s spokesperson, Daphne Mokwena, says while the recovery of the emergency reserves is progressing well, further replenishment is required to reach sufficient levels:

25 February, 2025 40

Business / Economics

SA to Host G20 Finance Track Meetings in Cape Town

To South Africa, where the National Treasury and the South African Reserve Bank will host the G20 Finance Track meetings in Cape Town from today until Thursday, which will include Finance ministers, Central Bank Governors, and their deputies. The G20 Finance Track focuses on fostering global economic stability, enhancing international financial cooperation, and addressing pressing global challenges. SA Reserve Bank Governor, Lesetja Kganyago, says the Finance Track deals with strategic […]

24 February, 2025 47

Africa

In S.A, struggle stalwart calls for boycott of all goods to and from Israel

In S.A, struggle stalwart Frank Chikane has called for a boycott of all goods to and from Israel. Speaking at a Palestine Solidarity Campaign rally in Cape Town, he condemned US presidents Donald Trump's stance of forced relocation of Palestinians from Gaza, and called for accountability for what he termed genocide. Chikane urged global action to dismantle what he describes as Israel’s apartheid regime:

24 February, 2025 39

South Africa

In South Africa: Eskom CEO Blames Stage 6 Load-Shedding on Majuba Failures

In South Africa, Eskom CEO Dan Marokane says stage 6 load-shedding was triggered by multiple unit failures at Majuba power station in Mpumalanga after a transformer overload. He confirmed the issue is a structural and technical setback, but assured that isolation measures are in place. Despite further unit trips at Medupi and Camden, Eskom remains committed to its generation recovery plan. Marokane warns this week remains crucial in the recovery […]

24 February, 2025 35