According to Bruce Hansen, managing director at Simonis Storm, after eleven quarters of negative GDP growth since 2016 in the second quarter of 2020, the Namibian economy contracted by 11.1% and is estimated to contract by 7.8% by the end of 2020.
Business
PERSONAL FINANCE COLUMN – The fire movement
A few months ago I came across the FIRE movement and I’ve been fascinated ever since.
OPINION – Making a big career move during the pandemic?
Significant changes on the work front are one of the many knock-on effects of Covid-19.
All mineral rights applications temporarily suspended
The Ministry of Mines and Energy will suspend the consideration and processing of all new applications for mineral rights for nine months as of 18 November 2020 to 17 August 2021.
Namibia must be ready for Africa’s free trade …domestic capacity required for implementation
Namibia needs to be prepared well ahead of time to mitigate against the unintended consequences for the ambitious African Continental Free Trade Area (AfCFTA) by exploiting opportunities in the agreement.
Poiyah Media celebrates over 1 000 days in office
Poiyah Media recently celebrated 1 000 days in business; it welcomed its sixth group of interns to its public relations agency.
Staying financially fit during a global pandemic
Covid-19 has forced many of us to adjust to an unfamiliar order while simultaneously maintaining a rigorous work schedule.
Namibians urged to stay alert of cybercrime
Cybercriminals are not easy to detect and they present a real risk to their victims. The best way to avoid becoming a victim is to be aware
Insurance in times of a pandemic
Despite dealing with the effects of a global pandemic, Stears feels Namibia’s long-term insurance industry is a stable and a fairly mature industry with growth potential
Agra retail and wholesale revenue increase, auctions drop
“Although the reduction of the low margin goods materially affected sales, this was overcome by venturing into alternative higher margin lines.