insert_link Business / EconomicsCourt overturns approval for TotalEnergies offshore drilling in South Africa Environmental group Green Connection has welcomed the Western Cape High Court’s decision to overturn the government’s approval of TotalEnergies’ Block offshore drilling plans. The exploration rights were granted in 2023 for an area between Cape Town and Cape Agulhas. The court found that the environmental impact assessment (EIA) submitted by the company was “deeply flawed” and failed to meet legal requirements. Green Connection’s Shahil Singh said the ruling was a […] today14 August, 2025
Business / EconomicsTotalEnergies plans to invest multi-billion dollar investment By: Envaalde Matheus President Netumbo Nandi-Ndaitwah has welcomed TotalEnergies’ plan to invest in the country’s energy sector. CEO Patrick Pouyanné asked Nandi-Ndaitwah to start formal discussions on large-scale oil, gas, and renewable energy projects. The President's State of the Nation Address on Thursday emphasised the importance of foreign investment in driving national progress. Nandi-Ndaitwah described the TotalEnergies plan as timely and aligned with the nation’s development goals. “The sector in […] today28 April, 2025
insert_link Business / Economics07 March Biz News: Markets, Earnings, Oil Deals & Trade Policy Shifts Local Stock Market Update As of yesterday, the local stock market's free float market capitalization stands at N$16.71 billion, with 638,974 shares traded, amounting to N$16.41 million in value across 11 deals. For the month to date, 1,364,598 shares have been traded, totaling N$47.09 million, with 31 deals recorded. FirstRand Ltd Sees 10% Earnings Growth According to CNBC Africa, South Africa’s FirstRand Ltd reported a 10% rise in first-half […] today7 March, 2025
insert_link Business / EconomicsMorning Biz News – 13 February 2025 Bank of Namibia Cuts Interest Rate Again The Bank of Namibia has reduced its key interest rate for the fourth consecutive monetary policy meeting, lowering the repo rate by 25 basis points to 6.75%. The central bank cited stable inflation projections and the need to support economic growth as the primary reasons for the cut. This follows similar reductions in its last three policy decisions, signaling a continued effort […] today13 February, 2025
