Economics

South Africa boosts vaccine spending

2 days ago - 26 February 2021 | Economics

Olivia Kumwenda-Mtambo and Mfuneko ToyanaSouth Africa could spend up to R 19.3 billion (US$1.33 billion) over the next three years to vaccinate most of its population, the Treasury said on Wednesday, in a "difficult balancing...

GIPF's massive kitty safe from broke government

2 days ago - 26 February 2021 | Economics

OGONE TLHAGEWINDHOEKThe Government Institutions Pension Fund says the cash-strapped government is keeping its hands off the over N$120 billion kitty the Fund currently manages.Its CEO, David Nuyoma, says the government is respectful towards the...

Namibia’s organic growth looks bleak

2 days ago - 26 February 2021 | Economics

PHILLEPUS UUSIKUEven before the outbreak of the Covid-19 pandemic, Namibia was already faced with various macro-economic challenges ranging from high unemployment, negative growth rates, inequality and reduction in investments.The Economic Association of Namibia held a...

Tax haven objectives are conflicting

3 days ago - 25 February 2021 | Economics

PHILLEPUS UUSIKUThe main purpose for a country to establish a tax haven is to attract foreign investors with the view and expectation that it will help them solve their economic problems by providing much needed...

US consumer confidence improves

3 days ago - 25 February 2021 | Economics

LUCIA MUTIKANIUS consumer confidence increased in February, with households slightly more upbeat about the labour market amid declining new Covid-19 infections and expectations for additional money from the government to help the economy's recovery from...

South Africa expected to cut wage bill

3 days ago - 25 February 2021 | Economics

South Africa were expected to unveil government spending plans for the 2021 financial year yesterday, as the continent's most industrialised economy grapples with recovering from...

Workers turning up the heat

4 days ago - 24 February 2021 | Economics

Jo-Maré Duddy – Fourteen unions last year applied to the ministry of labour, industrial relations and employment to be registered, nearly five times more than...

Rescued vegetables allay South Africa's hunger

4 days ago - 24 February 2021 | Economics

SOFIA CHRISTENSENLeft jobless by the pandemic and a fire that destroyed her sewing machine, Nomaqhawe Dlomo polished off a hefty portion of maize meal and...

Zambia achieves record high copper production

4 days ago - 24 February 2021 | Economics

Zambia produced 882 061 tonnes of copper in 2020, up 10.8% from 796,430 tonnes produced in 2019, Mines Minister Richard Musukwa said yesterday, calling it...

Consumers spend millions to fight Covid

5 days ago - 23 February 2021 | Economics

Namibia last year more than double its imports of disinfectants, face masks, oxygen and respiration apparatus in its fight against the Covid-19 pandemic.Data supplied by...

SA's economic rebound to trim budget deficits

5 days ago - 23 February 2021 | Economics

South Africa's consolidated fiscal deficit is expected to narrow this year because of an economic rebound, although the long-term trend of higher debt remains unchanged...

IMF dismisses stimulus inflation concerns

5 days ago - 23 February 2021 | Economics

HEATHER SCOTTFears that inflation could spiral out of control due to a massive US stimulus package are overblown, IMF chief economist Gita Gopinath said.Her argument...

Economics

African Union to set up...

6 days ago - 22 February 2021 | Economics

DUNCAN MIRIRIThe African Union is setting up a fund to finance the construction of much-needed roads, railways and power plants on the continent, its infrastructure...

Former Senegal finance minister to...

6 days ago - 22 February 2021 | Economics

The World Bank on Thursday announced that it has selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance...

Nigeria unexpectedly exits recession

6 days ago - 22 February 2021 | Economics

Nigeria is no longer in recession, official figures revealed Thursday, as the economy of Africa's most populous country grew at the end of 2020.Hit by...

Empowering SME’s vital to boost...

1 week ago - 19 February 2021 | Economics

PHILLEPUS UUSIKUEmpowering Small and Medium Enterprises (SME’s) which are regarded as the back bone of the economy is of critical importance if Namibia wishes to...

Mango growers look to sun...

1 week ago - 19 February 2021 | Economics

Lungelo Ndhlovu - Before agronomist Peter Sena retired, he planted a variety of mango trees on his rural homestead in Zimbabwe's Midlands province, aiming to...

Bitcoin surges to new highs,...

1 week ago - 19 February 2021 | Economics

Gertrude Chavez-Dreyfuss and Tom Wilson – Bitcoin yesterday morning traded close to the new record high of US$52 640 it reached overnight, with its roughly...

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