Economics

‘We have a plan for our parastatals’

9 hours ago | Economics

The minister of public enterprises, Leon Jooste, says there are several interventions and strategies at government’s disposal to turn some of the now cash-stripped parastatals into fully-fledged profitable enterprises. Jooste rebuffed the perception that, according...

South African cities short of cemetery space

9 hours ago | Economics

Susan Njanji - In the middle of the vast Avalon cemetery in Johannesburg's Soweto township, two gravediggers shovelled soil out of an old grave containing remains buried years ago.They were preparing the grave to be...

Nam remains in junk grip

1 day - 11 December 2018 | Economics

Moody’s on Friday keep Namibia’s credit rating at junk and maintained its negative outlook for the sovereign.“The negative outlook reflects Namibia's persistent vulnerability to a range of shocks that would weigh on revenue, increase financing...

Africa Briefs

1 day - 11 December 2018 | Economics

Fitch keeps SA's rating unchangedRatings firm Fitch on Thursday kept South Africa sub-investment grade credit rating steady at subinvestment and maintained its stable outlook, but warned that low growth and the rising debt of state-owned...

World food prices fall to lowest in more than...

1 day - 11 December 2018 | Economics

World food prices declined in November to their lowest level in more than two years, led by declines in vegetable oils, dairy and cereal, the United Nations food agency said.The Food and Agriculture Organisation's (FAO)...

Africa Briefs

6 days ago - 06 December 2018 | Economics

SA exits recession as govt eyes 2019 pollsSouth Africa broke free of recession on Tuesday when it reported GDP growth of 2.2% for the third...

BoN leaves rate unchanged

6 days ago - 05 December 2018 | Economics

The Bank of Namibia (BoN) has left its repo unchanged at 6.75%.That means local commercial banks’ prime lending rates will remain 10.5%.Namibia's repo rate has...

All eyes on Shiimi

1 week ago - 05 December 2018 | Economics

Jo-Maré Duddy - Namibians are waiting with bated breath this morning to hear whether the Bank of Namibia (BoN) will follow in the footsteps of...

Fuel price relief ‘more generous’ than expected

1 week ago - 04 December 2018 | Economics

Petrol becomes cheaper tomorrow for the first time since September 2017, while the lower diesel price will be the first relief since July last year....

Ruacana boosts power supply in July

1 week ago - 03 December 2018 | Economics

Namibia generated 110 380 MWh of electricity from its own sources in July 2018, the Namibia Statistics Agency (NSA) said in its latest sectoral report....

Accident-prone Intelligence costs taxpayer

1 week ago - 03 December 2018 | Economics

Jo-Maré Duddy – The Namibia Central Intelligence Service (NCIS) paid nearly half a million dollars in excess insurance payments for 90 vehicle accidents which happened...

Tough weekend for G20

1 week ago - 30 November 2018 | Economics

Members of social groups yesterday gathered to protest against the Group 20 summit in Buenos Aires, Argentina. The weekend summit is confronted with increasingly dire...

Economics

Africa Briefs

2 weeks ago - 28 November 2018 | Economics

Ramaphosa signs minimum wage bill into lawSouth Africa's president Cyril Ramaphosa has signed into law the national minimum wage bill, his office said on Monday,...

Land purchase budget cut in...

2 weeks ago - 27 November 2018 | Economics

Jo-Maré Duddy – Nearly 52% less money is available in 2018/19 to buy farms as part of government’s land reform process.The mid-year budget review tabled...

Namibia needs innovation

2 weeks ago - 26 November 2018 | Economics

NDAMA NAKASHOLEBecause of a lack of innovation, there are few new and unique businesses being created in Namibia, says First Lady Monica Geingos.Young Namibians tend...

Africa news in brief

2 weeks ago - 26 November 2018 | Economics

SA raises rates for first time in nearly 3 yearsSouth Africa’s central bank increased its benchmark lending rate for the first time in nearly three...

Crypto losses near US$700bn in...

2 weeks ago - 26 November 2018 | Economics

Bitcoin sank toward US$4 000 and most of its peers tumbled on Friday, extending the Bloomberg Galaxy Crypto Index’s weekly decline to 25%. That’s the...

Africa news in brief

2 weeks ago - 23 November 2018 | Economics

IMF approves disbursement of US$15.4 mln to MalawiThe International Monetary Fund (IMF) has approved the disbursement of US$15.4 million to Malawi as part of a...

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