• September 29th, 2020

POSTS BY Edgar Brandt

To contact the author and editorial staff send an email to newsroom@nepc.com.na

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BIG could cost up to N$13 billion

A proposed universal Basic Income Grant (BIG) for every Namibian can only be sustainably implemented if government finds the funds for the initiative from existing sources, as the country cannot afford to increase either the budget deficit or its public debt. 

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ITAS portal still a headache for employers

The Namibian Employers’ Federation (NEF) yesterday said the Integrated Tax Administration System (ITAS) portal lacked guidelines for employers, which makes the system particularly unfriendly for users.

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Consumers must be protected from predatory lending

Research conducted by Usuta Kavari, a Namibian economist currently furthering his studies in the United Kingdom, found that while microlending and payroll deductions improved the institutional environment that engendered financial deepening in Namibia, a need exists to improve compliance standards to ensure that consumers are protected and not put at risk of unscrupulous and predatory lending practices.

Kutokwa masheleni hakilibaka lakusupala kwamiyaho

WINDOKO – Likwambuyu wa Misebezi ni Linzila John Mutorwa, ufile mamela kuli nihakuna ni tokwahalo ya masheleñi mwakueza mapurojekiti abutokwa, sina naha haitalimana ni kakokwani ka Korona, hakuna libaka hala kusupala kwa miyaho. 

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FirstRand profit before tax down to N$1.21 billion

The greatest health threat of a generation that has impacted every single economy in the world, the global Covid-19 pandemic, was the main reason that FirstRand Namibia’s profit before tax decreased by almost a quarter (23.7%), from N$1.58 billion in 2019 to N$1.21 billion this year.

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Downward spiral in house prices seemingly over

FNB’s second-quarter Residential Property Report states that although property market sentiments may appear to point to a further decline in house prices due to expected distressed sales, the bank nonetheless believes the downward trend has seemingly reached its pinnacle for two reasons.

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Grounded Air Namibia staff reject 50% pay cut

The Namibia Cabin Crew Union (NCCU) has accused Air Namibia’s interim CEO and his management team of having declared war with the airline’s workers following a notice of 50% salary reduction for staff who have been grounded due to the Covid-19 pandemic. 

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Growth engines losing steam

“With the current budget deficit, government will be left with no choice but to seek more bailout loans and further send the finance position of the country on a downward path.

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Standard Bank searches for new CEO 

The man at the helm of the biggest local listing on the Namibia Stock Exchange (NSX), Vetumbuavi Mungunda, has confirmed his resignation and will leave Standard Bank Namibia (SBN) Holdings Group with effect from 1 May 2021.