Governor of Bank of Namibia, Johannes !Gawaxab, said the country needs to dedicate time to dissect growth constraints to the domestic economy and then devise and implement the necessary strategies to overcome them. While delivering his maiden governors address last week at the 30th anniversary of the bank, he said the Namibian economy needs structural...
JOHANNESBURG – The South African Airways Pilots’ Association (SAAPA) said on Wednesday it welcomed the first step towards a revitalised national carrier after creditors voted in favour of a business rescue plan for the airline. Tuesday’s vote saw 86% of creditors support the plan for loss-making South African Airways (SAA), which the government placed under...
The Namibia Statistics Agency is commencing with the census mapping exercise, which was put on hold end of March 2020 due to Covid-19. It commences today and will run until mid-December 2020. The census mapping exercise, in simple terms, is a census of built up infrastructure in the country. What the NSA literally does is...
Bank Windhoek has become the first Namibian bank to introduce a mortgage loan that encompasses extended repayment terms for first-time home buyers. This means maiden buyers, who intend to purchase a residential property with a value of between N$500 000 and N$2 million, can now apply for a mortgage loan with an extended term of...
The National Petroleum Corporation of Namibia (Namcor) has confirmed that all four of its employees, who were recently quarantined on account of having contact with Covid-19 positive employee, have tested negative for the disease. Namcor resumed normal business on Monday, 13 July 2020. A company spokesman said Namcor remains committed to the safety of its...
South Africa’s Department of Public Enterprises (DPE) has welcomed the commitment by the country’s National Treasury that government will support and source funding for a business rescue plan for South African Airways (SAA), which will result in the emergence of a new viable, sustainable, competitive national airline. In terms of the business rescue plan that...
Economic analysts in the country believe the agricultural sector will be the most suitable platform for transformation to fight the adverse financial impact of the Covid-19 pandemic. Speaking to New Era, Omu Kakujaha-Matundu, a senior lecturer at the University of Namibia (Unam) said the country needs to set agricultural and industrial production goals and work...
JOHANNESBURG – South Africa’s Financial Sector Conduct Authority said it was concerned that some insurers were using the country’s lockdown in response to Covid-19, to avoid paying business interruption claims. It said the lockdown imposed from March 27 in a bid to slow down transmissions of the coronavirus — which initially grounded most economic activity...
PORT ELIZABETH – The Minerals Council of South Africa on Thursday has announced that it has invested in fundamental research, which it says is critical to support the mining industry and others in dealing with the impact of Covid-19. “Taking this into consideration, the CEO Zero Harm Forum re-allocated research funding to focus on three...
RUSTENBURG – Botswana President Mokgweetsi Masisi on Thursday imposed strict measure to control the sale of fuel in the country following two weeks of shortages. He said a car would only be allowed to fill about US$21 (250 Pula) fuel at a time and buying fuel using jerry cans would only be allowed on Thursdays....