Over 90% of Namibians u2018socially protectedu2019
Over 90% of Namibians u2018socially protectedu2019

Over 90% of Namibians ‘socially protected’

Cindy Van Wyk
ELLANIE SMIT



WINDHOEK

More than 90% of the Namibian population is covered by emergency social protection responses.

According to an Oxam report conducted with Development Pathway, this is the third highest coverage in over 150 countries researched.

The report said nine months since the start of the coronavirus, as many as 2.7 billion people, equivalent to over a third of the world’s population, have no publicly funded safety nets to fall back on to cope with its effects.

While wealthy countries have pumped massive amounts of money into their economies, including significant measures to support workers and the general population, the majority of low-and middle-income countries have not applied the same approach to protect their people and economies, it said.

Government schemes were reviewed that used to support people through the pandemic in 126 low-and medium countries including unemployment, disability child and elderly benefits. This data was compared to spending in 28 rich countries. It found that 97% of the support provided for low-and middle-income countries was inadequate to meet basic needs.

‘Hundreds of millions’ affected

Prior to the pandemic, up to four billion people lacked social protection, with the World Bank estimating that only 1.3 billion of them have been reached during the crisis.

“Hundreds of millions of people have lost their jobs and income. People have fallen into debt, are skipping meals and are being forced to sell their assets. Unless action is taken now, the number of people living in poverty is set to increase sharply for the first time in decades,” said Ana Arendar, the Oxfam head of inequality campaign.

The analysis showed that the proportion of each country’s population covered by emergency social protection programmes range from less than 0.01% in Angola to around 95% in Bolivia, the Philippines and Namibia.

In Namibia, 94.08% of the population is covered by emergency social protection responses, the third highest of the countries researched.

Namibia better prepared

According to the report, some countries like South Africa, Namibia and Bolivia were better prepared - with near-universal social benefits in place prior to the pandemic.

Most other countries could achieve this with better policies and more support, the report further said.

Many developing countries have been able to mobilise non-financial help, like food aid, but this is often insufficient to make up the overall gap in formal social protection schemes, it said.

“Social safety nets are both a lifeline in difficult times and a human right - they are one of the most powerful and affordable investments governments can make to reduce inequality, vulnerability and poverty. There is still time for developing countries to step up their support for people who need it, by increasing taxes on the richest to pay for decent social protection. Rich nations should increase their aid and currency reserves and cancel the debts of low- and middle-income countries, to help support them,” Arendar said.

Oxfam is calling for a global fund for social protection to avert a huge increase in global inequality and poverty, as a keystone toward a more equal and resilient post-coronavirus economy.

It said governments should commit an additional 2% of their gross domestic products into social protection programmes and ensure minimum income security for children, the elderly, mothers, and people living with disabilities.

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Namibian Sun 2024-05-19

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LaLiga: Deportivo Alaves 1 vs 0 Getafe | Real Sociedad 1 vs 0 Valencia | Almería 0 vs 2 Barcelona | Las Palmas 2 vs 2 Real Betis SerieA: Torino 3 vs 1 AC Milan | Lecce 0 vs 2 Atalanta | Fiorentina 2 vs 2 Napoli European Championships Qualifying: Southampton 3 vs 1 West Bromwich Albion | Leeds United 4 vs 0 Norwich City English Championship: Southampton 3 vs 1 West Bromwich Albion | Leeds United 4 vs 0 Norwich City Katima Mulilo: 11° | 31° Rundu: 9° | 30° Eenhana: 11° | 31° Oshakati: 12° | 31° Ruacana: 12° | 31° Tsumeb: 13° | 29° Otjiwarongo: 12° | 27° Omaruru: 14° | 29° Windhoek: 12° | 26° Gobabis: 13° | 27° Henties Bay: 20° | 36° Wind speed: 27km/h, Wind direction: E, Low tide: 07:06, High tide: 13:28, Low Tide: 19:06, High tide: 01:31 Swakopmund: 20° | 26° Wind speed: 25km/h, Wind direction: S, Low tide: 07:04, High tide: 13:26, Low Tide: 19:04, High tide: 01:29 Walvis Bay: 22° | 33° Wind speed: 25km/h, Wind direction: SE, Low tide: 07:04, High tide: 13:25, Low Tide: 19:04, High tide: 01:28 Rehoboth: 12° | 27° Mariental: 15° | 29° Keetmanshoop: 18° | 30° Aranos: 15° | 29° Lüderitz: 16° | 35° Ariamsvlei: 18° | 32° Oranjemund: 13° | 33° Luanda: 24° | 26° Gaborone: 14° | 27° Lubumbashi: 11° | 26° Mbabane: 12° | 25° Maseru: 8° | 24° Antananarivo: 15° | 22° Lilongwe: 13° | 26° Maputo: 20° | 27° Windhoek: 12° | 26° Cape Town: 14° | 21° Durban: 17° | 28° Johannesburg: 15° | 24° Dar es Salaam: 24° | 32° Lusaka: 13° | 25° Harare: 12° | 26° Currency: GBP to NAD 23.01 | EUR to NAD 19.73 | CNY to NAD 2.51 | USD to NAD 18.15 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.35 | USD to AOA 847.42 | USD to BWP 13.49 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1467 | USD to ZAR 18.15 | USD to ZMW 25.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79530.63 Up +0.03% | Namibian Stock Exchange (NSX) Overall Index 1754.58 Up +0.81% | Casablanca Stock Exchange (CSE) MASI 13426.13 Up +0.11% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 414.72/OZ UP +1.55% | Copper US$ 5.04/lb UP +4.12% | Zinc US$ 3 059.30/T UP 0.11% | Brent Crude Oil US$ 84.28/BBP UP +0.60% | Platinum US$ 1 084.88/OZ UP +2.19% Sport results: LaLiga: Deportivo Alaves 1 vs 0 Getafe | Real Sociedad 1 vs 0 Valencia | Almería 0 vs 2 Barcelona | Las Palmas 2 vs 2 Real Betis SerieA: Torino 3 vs 1 AC Milan | Lecce 0 vs 2 Atalanta | Fiorentina 2 vs 2 Napoli European Championships Qualifying: Southampton 3 vs 1 West Bromwich Albion | Leeds United 4 vs 0 Norwich City English Championship: Southampton 3 vs 1 West Bromwich Albion | Leeds United 4 vs 0 Norwich City Weather: Katima Mulilo: 11° | 31° Rundu: 9° | 30° Eenhana: 11° | 31° Oshakati: 12° | 31° Ruacana: 12° | 31° Tsumeb: 13° | 29° Otjiwarongo: 12° | 27° Omaruru: 14° | 29° Windhoek: 12° | 26° Gobabis: 13° | 27° Henties Bay: 20° | 36° Wind speed: 27km/h, Wind direction: E, Low tide: 07:06, High tide: 13:28, Low Tide: 19:06, High tide: 01:31 Swakopmund: 20° | 26° Wind speed: 25km/h, Wind direction: S, Low tide: 07:04, High tide: 13:26, Low Tide: 19:04, High tide: 01:29 Walvis Bay: 22° | 33° Wind speed: 25km/h, Wind direction: SE, Low tide: 07:04, High tide: 13:25, Low Tide: 19:04, High tide: 01:28 Rehoboth: 12° | 27° Mariental: 15° | 29° Keetmanshoop: 18° | 30° Aranos: 15° | 29° Lüderitz: 16° | 35° Ariamsvlei: 18° | 32° Oranjemund: 13° | 33° Luanda: 24° | 26° Gaborone: 14° | 27° Lubumbashi: 11° | 26° Mbabane: 12° | 25° Maseru: 8° | 24° Antananarivo: 15° | 22° Lilongwe: 13° | 26° Maputo: 20° | 27° Windhoek: 12° | 26° Cape Town: 14° | 21° Durban: 17° | 28° Johannesburg: 15° | 24° Dar es Salaam: 24° | 32° Lusaka: 13° | 25° Harare: 12° | 26° Economic Indicators: Currency: GBP to NAD 23.01 | EUR to NAD 19.73 | CNY to NAD 2.51 | USD to NAD 18.15 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.55 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.35 | USD to AOA 847.42 | USD to BWP 13.49 | USD to EGP 46.86 | USD to KES 130.48 | USD to NGN 1467 | USD to ZAR 18.15 | USD to ZMW 25.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 79530.63 Up +0.03% | Namibian Stock Exchange (NSX) Overall Index 1754.58 Up +0.81% | Casablanca Stock Exchange (CSE) MASI 13426.13 Up +0.11% | Egyptian Exchange (EGX) 30 Index 26142.84 Up +3.27% | Botswana Stock Exchange (BSE) DCI 9151.06 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 414.72/OZ UP +1.55% | Copper US$ 5.04/lb UP +4.12% | Zinc US$ 3 059.30/T UP 0.11% | Brent Crude Oil US$ 84.28/BBP UP +0.60% | Platinum US$ 1 084.88/OZ UP +2.19%