Windhoek 'cheap' for expats

A new report indicates that Windhoek is one of the cheapest cities in Africa and the world.

05 July 2019 | Local News

Windhoek was ranked as one of the world's least expensive cities for expats working abroad, according to Mercer's 25th annual Cost of Living Survey.

Ranked 204 among 209 cities globally, Windhoek is not only one of the least expensive cities for expats in the world, but also in Africa.

The capital has moved 'down' eight points from 196 since last year's survey.

The survey found that a number of factors, including currency fluctuations, cost of inflation for goods and services, and volatility in accommodation prices, contribute to the overall cost of expatriate packages for employees on international assignments.

According to the report, N'Djamena, Chad takes the lead as the most expensive city in Africa.

Kinshasa in the Democratic Republic of Congo (22) is in second place in Africa, while Libreville in Gabon (24) is the next African city on the list, followed by Lagos in Nigeria (25).

Luanda in Angola (26) still remains in fifth place.

Meanwhile, the top 10 least expensive cities in Africa are Algiers in Algeria (184), Johannesburg in South Africa (185), Harare in Zimbabwe (188), and Gaborone in Botswana (189).

Also among the top 10 are Nouakchott in Mauritania (192), Blantyre in Malawi (193), Lusaka in Zambia (196), Windhoek in Namibia (204), Banjul in Gambia (204) and Tunis in Tunisia (209). “Contrary to the perception that the African market is very volatile, certain factors like currency fluctuations and housing costs contribute to varying Cost of Living differentials in developed economies,” said Yolanda Sedlmaier, the principal of Africa Mobility at Mercer.

“Each African country has its own unique economy and this is why multinationals need not approach their expatriate packages for Africa with one single strategy. Let's look at it this way, a city like N'Djamena in Chad has been listed as the 11th most expensive city in the world, whereas Mali comes in at the 124th position in terms of cost of living,” Sedlmaier, added.

According to the survey, eight out of the top 10 of the world's most expensive cities for expatriates are Asian cities, resulting from high costs for expatriate consumer goods and a dynamic housing market.

Tokyo (2), Singapore (3) and Seoul (4) top the list, while the costliest city in the world for the second consecutive year is Hong Kong (1).

Other cities appearing in the top 10 are Zurich (5), Shanghai (6), Ashgabat in Turkmenistan (7), Beijing (8), New York City (9), and Shenzhen (10). The world's least expensive cities for expatriates are Tunis (209), Tashkent in Uzbekistan (208), and Karachi (207).

Mercer's widely recognised survey is one of the world's most comprehensive, and is designed to help multinational companies and governments determine compensation allowances for their expatriate employees.

New York City is used as the base city for all comparisons, and currency movements are measured against the US dollar.

The survey includes over 500 cities throughout the world; this year's ranking includes 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment.

The figures for Mercer's cost of living and rental accommodation cost comparisons are derived from a survey conducted in March 2019.

Exchange rates from that time and Mercer's international basket of goods and services from its Cost of Living Survey were used as base measurements.

ELLANIE SMIT

Similar News

 

Hyena killed after chasing residents

9 hours ago | Local News

A hyena was shot dead by police officers yesterday at Ekolyanaambo village in the Oshana Region.According to Oshana police spokesperson, Warrant Officer Frieda Shikole-Ashiyana, the...

NIDA to clean up 'mess'

9 hours ago | Local News

The board of the Namibia Industrial Development Agency (NIDA) says it is unfairly portrayed in negative media reporting because it is in the process of...

Mashare villagers desperate

9 hours ago | Local News

A struggling family of 13 in Kavango East, who survive solely on the pension of the head of the household, is pleading for support.Namibian Sun...

San 'are slaves'

1 day - 21 August 2019 | Local News

Village secretary of the Onamatanga community Mpepo Festus says they are being marginalised by the previously disadvantaged, who are representing the San on decision-making bodies...

APP pins its hopes on Electoral Tribunal

1 day - 21 August 2019 | Local News

On Friday the Oshakati Electoral Tribunal will decide whether the Oshakati East by-election will go ahead on Saturday without the APP candidate.The Electoral Tribunal has...

Frustration, anger at Hoachanas

1 day - 21 August 2019 | Local News

Hoachanas residents are fed up with the Hardap regional council and have broken the locks of the half-completed toilets at the settlement.They said a dozen...

Aayelele ‘oye li aapika’

1 day - 21 August 2019 | Local News

ILENI NANDJATOOkwa popi kutya ngashiingeyi oya ninga aapika yaamboka ya kala inaya talika nale, mboka taye yakutu miilonga koohambo dhawo.Festus ngoka a li ina pewa...

Domestic workers struggle on

2 days ago - 20 August 2019 | Local News

Nearly 80% of domestic workers surveyed in a new study have seen little improvement in working conditions since the implementation of a minimum wage and...

Aaniilonga yomomagumbo taya hupu shokadhila

2 days ago - 20 August 2019 | Local News

Nonando aaniilonga yomomagumbo ye li po 72 000 ohaya mono ondjambi yopetameko yooN$1 502 komwedhi, ya thika poopresenda 80 otaya popi kutya otaya hupu nuudhigu...

MPs to grill asset-rich NIDA

3 days ago - 19 August 2019 | Local News

This afternoon the spotlight falls on the finances of the massive new Namibia Industrial Development Agency (NIDA), which controls assets of about N$2 billion.In particular,...

Latest News

Power cut at education offices

9 hours ago | Energy

The Ohangwena education directorate's offices at Eenhana have been left without electricity, after Nored cut the power due to non-payment on Tuesday.According to sources, the...

N$600m down the drain

9 hours ago | Justice

Any hopes of Namibia recovering the over N$600 million lost in the Government Institutions Pension Fund (GIPF) scandal have been dashed. Prosecutor-General Martha Imalwa confirmed...

Solar-irrigated farms face hungry elephants

9 hours ago | Economics

Lungelo Ndhlovu - When one of Zimbabwe's first solar mini-grid systems was installed in this drought-prone village near the Botswana border in 2016, residents thought...

Infighting hinders progress

9 hours ago | Columns

Our traditional leaders, with all due respect, have been hogging the headlines for some time now, and mostly for the wrong reasons. Unnecessary infighting among...

First vegan investment fund coming...

9 hours ago | Business

Sebastien Malo – An investment fund designed for animal rights advocates and environmentalists, the first of its kind according to financial experts, is set to...

SA inflation dips as growth...

9 hours ago | Economics

South Africa's inflation last month dipped to 4.0%, its lowest level since January, the statistics agency said yesterday. In June, inflation was 4.5%.The decline was...

OATF attracts 25 international exhibitors

9 hours ago | Business

ONGWEDIVA – The 2019 Ongwediva Annual Trade Fair (OATF), which starts tomorrow, has attracted 451 exhibitors, 5.5% of which are international.A total of 450 exhibitors...

Water pollution an 'invisible threat'...

9 hours ago | Economics

Kim Harrisberg – Water pollution threatens nearly all the globally agreed development goals to end environmental destruction, poverty and suffering by 2030, economists warned in...

Companies fail on health, safety

9 hours ago | Health

The majority of companies inspected by the labour ministry in the first quarter of this year were not in compliance with occupational health and safety...

Load More