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Nuyoma cautions against early withdrawal
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Nuyoma cautions against early withdrawal

Government Institutions Pension Fund (GIPF) CEO David Nuyoma has highlighted some of the negative impacts of early pension withdrawals, saying the money on average lasts for a mere 18 months after individuals elect to resign before their retirement age. 

No relief for consumers
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No relief for consumers

Consumers who tightened their belts during the last couple of years due to the impact of Covid-19, coupled with a persistent recession, recent fuel and food price hikes, were hammered again yesterday as the Bank of Namibia increased the repo rate with 25 basis points from 4% to 4.25%.