China National Nuclear Corporation (CNNC) Rössing Uranium has cautioned that while global uranium prices are expected to recover in the medium to long-term, the gradual recovery may take another five years. In its latest report to stakeholders, the uranium miner noted that moderate demand growth and subdued supply will drive a gradual price appreciation. “The...
One of the biggest concerns the Construction Industries Federation of Namibia (CIF) has regarding the Namibian Equitable Economic Empowerment Bill (NEEEB) is if, indeed, it will bring about the desired results. In its current format and the latest draft of NEEEB, it is made clear that “empowerment beneficiaries” are to be recipients of the benefits...
JOHANNESBURG – South Africa’s government will work with social partners in the coming weeks to finalise an economic recovery programme whose key target will be to protect and create jobs as the economy is buffeted by the Covid-19 pandemic, President Cyril Ramaphosa said on Monday. In a weekly newsletter, Ramaphosa said the health crisis –...
PRETORIA – The coronavirus (Covid-19) loan guarantee scheme has been reviewed to make it easier to access, the National Treasury said yesterday. The scheme is set up to help ease the pressure on qualifying businesses affected by low economic activity following the lockdown imposed to curb the spread of the disease. Among other things, bank...
The reduction in physical shopping, coupled with social distancing and a heightened awareness of personal safety, have made online shopping the go-to place for retail therapy in recent months. Of course, fraudsters were quick to spot the opportunity and have increased their attempts to defraud consumers through Card Not Present shopping activity. ‘The latest modus...
The thorny subject of corporate corruption is pulling Namibia backwards; hence, it needs to be prioritised and addressed without fear or favour, warned Lameck Odada, an economics lecturer at the Namibia University of Science and Technology (NUST). Odada said entities entrusted with duties to investigate and prosecute corrupt individuals need financial support from the government...
The City of Windhoek has identified a master plan for the development of infrastructure for informal traders to upsurge the informal economy. Speaking at the handing over of a newly-built informal market in Okuryangava on Wednesday, City’s strategic executive for economic development and community services Fillemon Hambuda said due to the economic impact the Covid-19...
The local index of the Namibian Stock Exchange lost an astounding N$6.5 billion in market capitalisation one day of trading last week, which was, however, quickly regenerated in subsequent trading. Local stock brokers and economic analysts, who described last week’s major selloff of shares as a “bloodbath on the Namibia Stock Exchange”, pointed out the...
Keetmanshoop Mayor Gaudentia Kröhne says that in a sense informal housing is one of the most serious obstacles to democracy and sustainable development. The mayor made these remarks at the official site handover for the construction of 77 National Housing Enterprise (NHE) houses here on Wednesday. “I believe that allowing our people to continue dwelling...
The Government Institutions Pension Fund (GIPF) has confirmed Namibia’s first largescale commercial blueberry harvest, produced by the Mashare Berries project, which forms part of the Spitz Capital Fund anchored in the GIPF unlisted investment programme. The project is situated 50km east of Rundu on the banks of the Kavango River. Mashare aims to harvest an...