insert_link Business / Economics Letshego Holdings Namibia Appoints New Head of Credit Letshego Holdings Namibia has announced the appointment of Herwin Tsowaseb as its new Head of Credit, effective 15 November 2024. With over a decade of experience in credit evaluation and financial management, Herwin will contribute to advancing financial inclusion and sustainable growth. His appointment strengthens the company’s efforts to empower customers and enhance its market position. todayNovember 21, 2024 2
insert_link Business / Economics Potential Global and Namibian Economic Impacts of a Trump 2.0 Presidency Theo Klein, an economist from Oxford Economics Africa in South Africa, warns that a second Trump presidency may negatively affect global markets, leading to higher inflation, interest rates, a stronger US dollar, and suppressed oil prices. For Namibia, the potential impacts include a slower interest rate cutting cycle and rising inflation as discussed by Klein alongside factors that could affect Namibia's economy. todayNovember 21, 2024 3
insert_link Business / Economics S.A Union Urges Reserve Bank for Bigger Repo Rate Cut South African Union federation Cosatu urges the South African Reserve Bank to implement a larger-than-expected repo rate cut to help ease the financial strain on workers. Following the decrease in inflation to 2.8-percent in October, the federation believes a more significant rate reduction, beyond the anticipated 25 basis points, is needed to alleviate the burden on over-indebted households. Cosatu’s Zanele Sabela says high interest rates have forced workers to […] todayNovember 21, 2024 2
insert_link Business / Economics HyIron-Oshivela Secures Major Iron Supply Deal Johannes Michels, co-founder of the HyIron-Oshivela project, has revealed a landmark agreement with German metal processor Benteler. The deal ensures the supply of 200,000 tons of Direct Reduced Iron, marking a significant milestone for the project. todayNovember 21, 2024 1
insert_link Business / Economics Telecom Upgrades Infrastructure with N$35.5 Million FTTx Projects Telecom has successfully completed eight Fibre-to-the-X projects, investing around N$35.5 million to enhance the country’s communication infrastructure. CEO Stanley Shanapinda highlighted that these 2023-2024 projects aim to replace outdated copper infrastructure, which has been vulnerable to theft and damage, with more reliable and efficient fibre technology. todayNovember 20, 2024 6
insert_link Business / Economics In S.A, plans are underway to expand the port of Mossel Bay in the Western Cape In S.A, plans are underway to expand the port of Mossel Bay in the Western Cape to accommodate larger cruise ships of up to 300 metres. The current setup requires vessels to anchor offshore, limiting tourist access during rough weather. A key stakeholder meeting this week is set to finalise long-term development strategies for the port. Minister of Transport, Barbara Creecy says the upgrades are part of broader efforts […] todayNovember 19, 2024 8
insert_link Business / Economics CRAN Hosts Public Hearing on QoS Standards and Spectrum Strategy The Communications Regulatory Authority of Namibia held a public hearing in Windhoek on 14 November, focusing on two important issues: the Quality of Service standards for telecommunications and broadcasting, and the Spectrum Assignment Strategy for 2025 to 2027. The organizations's Mufaro Nesongano expands: todayNovember 19, 2024 8
insert_link Business / Economics Bank of Namibia Hosts CMA Central Bank Governors Meeting The Bank of Namibia organized a high-level meeting of the Common Monetary Area Central Bank Governors, led by Governor Johannes !Gawaxab. The meeting included Governor Lesetja Kganyago from the South African Reserve Bank, Governor Emmanuel Letete from the Central Bank of Lesotho, and Governor Phil Mnisi from the Central Bank of Eswatini. Here's BoN'S Communications Practitioner: Josefina Oskar: todayNovember 19, 2024 14
insert_link Business / Economics South Africa’s Telkom completes first phase of retrenchment process South Africa's Telkom has completed the first phase of its retrenchment process, affecting one-thousand-800 jobs. The telecoms giant reported a 1.9-percent revenue growth to 21-billion-rand, driven by strong revenue performance. CEO Serame Taukobong says the focus is on cutting operational costs and improving revenue mix to build a resilient company: todayNovember 19, 2024 9