Geingob's salary, Govt properties, Struggle Kids sabotage, China's Q3 growth

October 19, 2015, 7:09am

Geingob pledges some of his salary to the poor

Article and photo by the Namibian

President Hage Geingob has pledged 20% of his salary to set up a scholarship fund for impoverished children in an effort to alleviate poverty.

Geingob made this pledge during the Swapo Party's official launch of its 2015 Regional Council and Local Authority Elections campaign. The elections are scheduled for 27 November.

Addressing a large crowd of Swapo supporters here on Saturday, he said it is not too much to ask those who are fortunate enough to have employment to think about their brothers and sisters who have nothing.

“I understand the issue of creeping inflation and how it increases the cost of living; however there are those for who are struggling to survive,” he said. 

Struggle kids sabotage Swapo campaign launch

Article and photo by New Era

In an unprecedented move the group of close to 100 ‘struggle kids’ which is camping near the Swapo head office staged a brief demonstration to demand jobs – before President Hage Geingob could even take his seat after he officially launched the Swapo election campaign in Windhoek on Saturday.

In what seemed to be a calculated move to steal the limelight from the Head of State, the group embarked on a brief but peaceful demonstration marching from the stadium to the gate before they returned to their seats to continue listening to the leaders.

The group, which is currently camping near the Swapo headquarters surprised a fully packed Independence Stadium – suddenly stood up in the pavilion and started chanting liberation songs and demanding jobs.

Read more on New Era

Maintaining government properties a challenge… Works minister concedes

Article and photo by New Era

Minister of Works and Transport Alpheus !Naruseb says government is finding it hard to maintain State properties in the regions, citing a lack of funding and expertise as primary reasons.

!Naruseb was responding to questions in the National Assembly from Republican Party lawmaker Clara Gowases last Thursday. She wanted to know how of the money budgeted to maintain government properties is actually utilised.

“The maintenance of government property in the regions remains a challenge due to the fast deterioration of unattended existing facilities, largely as a result of inadequate funding,”!Naruseb said.

Read more on New Era

China set to disappoint with Q3 growth

Article and photo by the Namibian Sun

China probably grew at its slowest pace since the depths of the global financial crisis in the third quarter, an AFP survey of economists has found, confirming investor fears following stock market turmoil and a currency devaluation.

Signs the world’s second-largest economy - a key driver of global growth - is struggling will add to pressure on Beijing to do more to head off a hard landing.

Output rose an annual 6.8% in the July-September period, according to the median forecast in a poll of 19 analysts carried out this week.

The figure - to be officially announced today would be the worst since early 2009 and comes after a raft of weak data has fanned concerns Chinese growth is slowing sharply, sending shivers through international markets.

Those worries turned into a worldwide rout after a Chinese stock market bubble burst in June, wiping some 35% off Shanghai shares to date, and a surprise devaluation of the yuan currency in August stoked fears about stalling growth.

Read more at The Namibian Sun