News By Category Economics

Shiimi evades debt trap

1 day - 03 April 2020 | Economics

JEMIMA BEUKESWINDHOEKFinance minister Iipumbu Shiimi has allayed fears the government will have to borrow to finance its N$8 billion stimulus package announced this week to carry the country and its people through the devastating coronavirus...

Stimulus package nearly finalised

2 days ago - 02 April 2020 | Economics

Jo-Maré Duddy – Finance minister Iipumbu Shiimi met with prime minister Saara Kuugongelwa-Amadhila yesterday morning and briefed president Hage Geingob later the day on government’s proposed financial stimulus package to mitigate the impact of Covid-19...

Covid-19: Employment conundrum

2 days ago - 02 April 2020 | Economics

Jo-Maré Duddy – The Economic Social Justice Trust (ESJT) yesterday called on government to intervene to protect Namibians against the impact of Covid-19 on issues ranging from job security to home loans and price hikes.ESJT...

Capital projects abandoned in Opuwo

2 days ago - 02 April 2020 | Economics

Several capital projects in Opuwo - Kunene’s regional capital - are gathering dust, the parliamentary standing committee on economics and public administration has found.The information is contained in a dossier presented by the committee in...

Shiimi: ‘Combination of sources to fund Covid relief’

2 days ago - 01 April 2020 | Economics

Jo-Mare Duddy - Government will “partially” dip into its savings and reserves to fund the N$8.1-billion economic stimulus and relief package announced today by finance minister Iipumbu Shiimi.“Government has set aside up to N$8 billion...

Category

Billions roll to battle Covid

2 days ago - 01 April 2020 | Economics

Government will pump N$8.1 billion into the economy to alleviate the impact of Covid-19 on the recessionary economy.The economic stimulus and relief package, announced by...

N$3 bn to be paid in VAT refunds

2 days ago - 01 April 2020 | Economics

New finance minister Iipumbu Shiimi says government will “immediately speed up” the repayment of overdue or undisputed VAT refunds.Shiimi this afternoon at State House announced...

Labour expert calls for retrenchment intervention

2 days ago - 01 April 2020 | Economics

Government needs to pass additional regulations that explicitly prevent the retrenchment of workers during lockdown, the Economic and Social Justice Trust (ESJT) says.Labour expert and...

State coffers won’t be locked

3 days ago - 01 April 2020 | Economics

Jo-Maré Duddy – Government will have about N$22 billion in its coffers as Namibia starts its new fiscal year today in the absence of the...

Budget delayed 'until further notice'

3 days ago - 31 March 2020 | Economics

New finance minister Iipumbu Shiimi has announced that the tabling of the 2020/21 budget will be “delayed until further notice”.Shiimi issued a statement saying the...

Budget faces downward revision

4 days ago - 31 March 2020 | Economics

OGONE TLHAGEWINDHOEKHeavy knock expected on· VAT· Company tax· PAYE· ...

Rand/ Nam dollar crashes to all-time low

4 days ago - 30 March 2020 | Economics

South Africa's rand plunged to an all-time low this morning, falling below 18.00 to a US dollar after ratings firm Moody's cut the country's last...

Corona Watch

5 days ago - 30 March 2020 | Economics

South AfricaSouth Africa may approach the International Monetary Fund and World Bank for funding to fight the coronavirus that threatens to drag the country's economy...

Virus begins to bite in...

5 days ago - 30 March 2020 | Economics

Christophe Beaudufe - Europe may be the financial powerhouse of global football, but the economic impact from the coronavirus pandemic is already beginning to hit...

Viral shutdown hits N. Africa's...

1 week ago - 27 March 2020 | Economics

Sophie Pons - In Algeria, Tunisia and Morocco, workers in informal jobs fear not only the novel coronavirus, but how they will survive emergency measures...

Corona Watch

1 week ago - 27 March 2020 | Economics

South AfricaSouth Africa's main export terminals closed to mineral exports from midnight on Thursday when a nationwide 21-day lockdown over coronavirus begins, disrupting copper supply...

Global oil refiners to deepen...

1 week ago - 27 March 2020 | Economics

SINGAPORE - Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more countries lock down...

Corona Watch

1 week ago - 26 March 2020 | Economics

South AfricaSouth African officials sought to identify quarantine sites across the country yesterday, as the number of confirmed coronavirus cases rose to 709 from 554...