News By Category Economics

UK to seek 'temporary customs union' after Brexit

22 minutes ago | Economics

Britain said on Tuesday that it would seek a “temporary customs union” with the European Union after Brexit, in an opening gambit for trade negotiations that received a cool response from Brussels.The government proposed to...

Politics drags down SA growth

22 minutes ago | Economics

Political tensions in the ruling African National Congress will weigh on South Africa's growth, ratings agency Moody's said yesterday. President Jacob Zuma survived a no-confidence vote in parliament last week but a few dozen...

Untangling the Moody's decision

1 day - 16 August 2017 | Economics

Following last week's decision by ratings agency Moody's to downgrade Namibia's unsecured long-term debt stock from Baa3 to Ba1, stockbroking firm IJG has analysed the move. According to IJG, Moody's was justified in its...

What a Moody's downgrade means

2 days ago - 15 August 2017 | Economics

Economists are in general agreement that the recent downgrade by Moody's is not expected to immediately affect the average Joe but have sounded a caution that government's obligations to its lenders will now become pricier....

Pound remains resilient

2 days ago - 15 August 2017 | Economics

The Sterling inched down against a broadly stronger dollar yesterday, holding close to the US$1.30 level that has proved an anchor for the past month despite a series of negative headlines from the first weeks...

Category

Moody's downgrade slammed

3 days ago - 14 August 2017 | Economics

Finance minister Calle Schlettwein said the Moody's Investors Service Friday downgrade of the Namibian government's debt rating was highly regrettable as there was no thorough...

United States businessman to invest in Namibia

3 days ago - 14 August 2017 | Economics

American businessman Christopher Cox has expressed interest in possible investments in Namibia.Cox was speaking to the media after he paid a closed-door courtesy visit to...

South Africa sees credit extension drop

3 days ago - 14 August 2017 | Economics

South Africa has also seen a seasonal slowdown in credit extension, according to the latest Consumer Credit Market Report (CCMR) and Credit Bureau Monitor (CBM)...

Government blasts junk status downgrade

4 days ago - 12 August 2017 | Economics

Moody's Investors Service yesterday downgraded the government of Namibia's debt rating to Ba1 from Baa3-, while maintaining a negative outlook. The agency attributed the downgrade...

BoN rate cut expected

6 days ago - 11 August 2017 | Economics

While the highest inflation rate was recorded in January 2017, the Namibia Statistics Agency is of the opinion that prices have been softening for much...

SA rating intact on Zuma vote

1 week ago - 10 August 2017 | Economics

South African President Jacob Zuma's survival in a parliamentary no-confidence vote will not impact the country's downgrade-threatened credit rating, the S&P Global agency said yesterday.Zuma...

Debt stock stabilises

1 week ago - 09 August 2017 | Economics

Stockbrokers Simonis Storm have noted a reduction in the debt undertaken by government following the release of the money and banking statistics by the Bank...

Economy on the mend

2 weeks ago - 01 August 2017 | Economics

President Hage Geingob believes that the economy is showing signs of recovery.He was speaking at an information-sharing session held at State House yesterday. According to...

No extension on tax arrears

2 weeks ago - 01 August 2017 | Economics

Finance minister Calle Schlettwein yesterday said that there would be no extension of the tax arrears incentive programme. The incentive programme was introduced on 1...

Economic rebound bypasses Spain's poorest...

2 weeks ago - 01 August 2017 | Economics

Elvira Montadas pushes her neighbour in a wheelchair along a badly paved sidewalk, past crumbling buildings, in return for some pocket change.This is one of...

A million jobs to go...

2 weeks ago - 31 July 2017 | Economics

A million more South Africans could be unemployed by the end of 2018, and that's a conservative estimate, according to Momentum and Unisa.The latest Unisa...

IMF to launch new form...

2 weeks ago - 28 July 2017 | Economics

The International Monetary Fund announced on Wednesday that it would launch a new tool to support governments in financial trouble - but one that involves...

ECB stimulus encouraged

3 weeks ago - 27 July 2017 | Economics

The European Central Bank should maintain a “firmly accommodative” monetary policy for an “extended period”, the International Monetary Fund said on Tuesday, as it forecast...