Economics

Junk here to stay

1 day - 16 August 2018 | Economics

Jo-Maré Duddy – Namibia’s creditworthiness is likely to remain junk for the foreseeable future, analysts have said in reaction to Fitch Ratings’ affirming the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at BB+.“The outlook for...

Consumer hurt more by recession

1 day - 16 August 2018 | Economics

Jo-Maré Duddy – The impact of the downtrodden economy on the consumer last year was worse than anticipated with the final official figures showing that wholesale and retail trade grew by -7.5% in 2017.Preliminary data...

Petrol, diesel hikes fuel inflation

1 day - 16 August 2018 | Economics

Annual transport inflation which rose from 7.2% in June to 8.9% last month, drove overall inflation up from 4% to 4.5% - the highest since the beginning of the year. Operation of personal transport equipment,...

Windhoek, Walvis swim in foreign money

1 day - 16 August 2018 | Economics

ELLANIE SMIT A global report has ranked Windhoek and Walvis Bay among the cities in Africa attracting the highest foreign direct investment (FDI), with the capital ranked 40th in...

BoN shows mercy … for now

1 day - 16 August 2018 | Economics

Denver Kisting - Namibians have again been spared an interest rate hike by the country’s central bank.However, this news competes against an announcement that the country’s international rating retains its junk status.Equally, the Namibia Statistics...

Africa Briefs

1 day - 16 August 2018 | Economics

SA's 2018 growth to be ‘much lower’South Africa's economic growth this year will be "much lower" than initial expectations, the central bank said in a...

Namibia still stuck in ‘junk’

2 days ago - 15 August 2018 | Economics

Fitch Ratings has affirmed Namibia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook. In layman’s terms, it means the government’s creditworthiness...

Recession slightly worse than expected

2 days ago - 15 August 2018 | Economics

Namibia’s economy grew by -0.9% in 2017, the Namibia Statistics Agency (NSA) said in its Annual National Accounts released today. In its preliminary report released...

Inflation at highest level this year

2 days ago - 15 August 2018 | Economics

Data released by the Namibia Statistics Agency (NSA) shows the annual inflation figure for July at 4.5% - up from 4% the previous month.The main...

BoN keeps interest rates steady

2 days ago - 15 August 2018 | Economics

The Bank of Namibia (BoN) has just announced that its monetary policy committee decided to keep the central bank’s repo rate unchanged at 6.75%.That means...

South Africa's rand rebounds

2 days ago - 15 August 2018 | Economics

South Africa's rand gained more than 2% on Tuesday, bouncing off a two-year low struck a day before, when investors dumped emerging market assets because...

Eskom faces fresh strike threat

2 days ago - 15 August 2018 | Economics

Tension remains over potential discipline of members who participated in an illegal strike. The two unions are yet to sign the latest wage offer of...

Economics

South Africa's central bank "nowhere...

2 days ago - 15 August 2018 | Economics

But forex market conditions where “nowhere near” requiring the bank to intervene, deputy governor Daniel Mminele told Reuters.The rand slid more than 10% to a...

New vehicle sales still on...

3 days ago - 14 August 2018 | Economics

In the year ended July, a total of 12 281 new vehicles were sold in Namibia, according to the latest figures released by IJG Securities....

No interest rate relief expected

3 days ago - 14 August 2018 | Economics

Jo-Maré Duddy - Analysts approached by Market Watch expect the Bank of Namibia (BoN) to keep its repo rate unchanged at 6.75% at its monetary...

Rand loses 4%

3 days ago - 14 August 2018 | Economics

The rand lost 4% to the dollar in early trade on Monday as it continued to be dragged lower by the Turkish lira and Russian...

Rand loses 4%

3 days ago - 14 August 2018 | Economics

The local currency opened at R14.13/US dollar and was changing hands at R14.65 to the greenback at 07:46. By 08:32 it had strengthened somewhat to...

Capital has rules

4 days ago - 13 August 2018 | Economics

NDAMA NAKASHOLEFirst Lady Monica Geingos said it is easier to make money, than to keep it. So for one to be able to keep money,...

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