Financial crimes are mostly associated with money laundering and illegally acquired assets that help one receive proceeds that can be made to appear legitimate.

Financial instability, compounded by low economic growth, is the biggest challenge facing municipalities in southern Africa. 

The South African Local Governance Association President, Stofile Bheke, said this while addressing attendees at the Local Economic Development Indaba held at Luderitz. 

President Hage Geingob has urged the Pan African Youth Union to seek an audience with the African Union for its recognition.

Lüderitz-based Seaflower Whitefish Corporation, a subsidiary of state-owned enterprise Fishcor, is improving its operational efficiency despite financial challenges.