Business / Economics Archives - Page 22 of 184

South Africa’s beef industry under pressure due to FMD outbreak

Photo: The Herald South Africa’s Department of Agriculture has confirmed a new outbreak of foot-and-mouth disease (FMD) on a commercial farm in Moqhaka Local Municipality, near Kroonstad in the Free State. The farm was placed under quarantine on 8 July after livestock exhibited clinical symptoms and positive test results were confirmed. As of July 2025, a staggering 270 outbreaks across five provinces have been recorded, with 249 still unresolved. KwaZulu-Natal […]

15 July, 2025

Business / Economics

Inflation inches up to 3.7% in June 2025

Inflation has climbed to 3.7% year-on-year in June, up from 3.5% in May, but still below the 4.6% reported in June last year. The increase marks a pause in the two-month slowdown trend observed earlier in the year. According to Simonis Storm economist Almandro Jansen, the uptick was driven by modest price rises across food and non-alcoholic beverages (6.4%), alcoholic drinks and tobacco (6.9%), and housing and utilities (4.1%)—while transport […]

15 July, 2025

Business / Economics

Petroleum Fraud Case Expands to 71 Charges

The National Petroleum Corporation corruption saga has deepened, with the number of charges now standing at 71. NewsOnOne’s Envaalde Matheus reports that the state is firmly opposing bail for nine accused, citing risks they might abscond, tamper with evidence or derail further arrests. The alleged fraud has rocked the sector, involving a staggering N$480 million.

15 July, 2025

Business / Economics

PETROFUND Backs Youth Oil & Gas Summit in Walvis Bay.

The Petroleum Training and Education Fund has thrown its weight behind the upcoming Youth in Oil and Gas Summit, happening from 24 to 25 July in Walvis Bay. Under the banner “Drilling into the Future: Empowering Youth in the Oil and Gas Revolution,” the gathering aims to equip young people with key skills and industry knowledge. PETROFUND spokesperson Shoki Kandjimi:

15 July, 2025

Business / Economics

Development Bank of Namibia secures direct access to Green Climate Fund

By: Vitalio Angula In what economists describe as a win for the country, the Development Bank of Namibia (DBN) recently announced its accreditation by the Green Climate Fund (GCF) as a Direct Access Entity under its medium-sized project category. This milestone makes DBN the first institution in Namibia to acquire this status, qualifying the bank for funding between USD 50 million and USD 250 million. The accreditation allows DBN […]

14 July, 2025

Africa

Standard Bank South Africa CEO pushes back against Moody’s credit risk concerns

Standard Bank SA CEO Sim Tshabalala Speaking at the Africa Unlocked Conference 2025 held in Cape Town, Standard Bank Group CEO Sim Tshabalala dismissed a recent Moody’s report flagging the bank’s exposure to South African government debt as a credit risk. He questioned the accuracy of the data, remarking, “We respectfully wonder what data they were using.” Moody’s had raised concerns over Standard Bank’s approximately R272 billion exposure—around 13% of its total assets […]

14 July, 2025

Business / Economics

Pupkewitz Group marks 100 years of business

Group Strategy Director at the Pupkewitz Group of Companies, Andrea Barry The Pupkewitz Group is marking a historic milestone this week as it celebrates its 100th anniversary, cementing its place as one of Namibia’s most respected and enduring business institutions. Founded in 1925 by Max and Anna Pupkewitz, what began as a modest trading business in Windhoek has evolved into a diversified enterprise with interests across automotive, construction, technology, and […]

14 July, 2025

Business / Economics

EU prepares $24.5 billion in tariffs on U.S. goods amid trade standoff

The European Union has drawn up a retaliatory list of tariffs worth $24.52 billion on American goods, according to Italy’s Foreign Minister Antonio Tajani, who confirmed the move during a high-level meeting of EU trade ministers in Brussels. The potential sanctions come in response to the United States' decision to impose a 30% tariff on select European imports—an action that has sparked concern across EU capitals and revived fears of […]

14 July, 2025

Business / Economics

Brand Africa unveils Namibia’s best brands 2025

Brand Africa, together with Paragon Investment, has published Brand Africa 100 | Namibia’s Best Brands 2025—a comprehensive ranking of the most admired brands in Namibia. Drawing from a broader pan-African survey reaching 31 countries and covering over 85% of the continent’s population and economic activity, the rankings reflect consumer admiration across generations and sectors. Key Findings Only 11% of the Top 100 most admired brands are Namibian or African—one […]

14 July, 2025