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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

1296 Results / Page 24 of 144

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Business / Economics

Passenger Rail Agency of South Africa has restored six of eight rail corridors in Durban after extensive vandalism

  The Passenger Rail Agency of South Africa has restored six of eight rail corridors in Durban after extensive vandalism during the Covid-19 period. PRASA’s Zipho Mlambo says the new trains are replacing older models, highlighting revamped stations, state-of-the-art technology, and improved safety features. She says the special trains will transport soccer fans to Saturday’s MTN 8 final at Moses Mabhida Stadium:  

todayOctober 4, 2024 28

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Business / Economics

4 October 2024 Morning Biz News: Cash Still King in Namibia, AgriSA Optimistic, and Oil Prices Surge Amid Tensions

Bank of Namibia: Cash Remains Vital in Financial System The Bank of Namibia has emphasized the enduring significance of cash in the financial landscape, with over N$5.2 billion in circulation for 2023. Despite the growing prevalence of digital payments, cash continues to play an essential role in everyday transactions such as groceries and transportation. AgriSA Optimistic Amid Challenges AgriSA remains hopeful about the agricultural sector's potential to adapt and drive […]

todayOctober 4, 2024 19

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Business / Economics

NAMCOR Partners with SLB to Enhance Energy Collaboration

The National Petroleum Corporation has signed a memorandum of understanding with global energy technology firm SLB. This partnership aims to strengthen collaboration in the energy sector, focusing on sustainability, decarbonization, and exploring new energy opportunities.Paulo Coelho: NamCor's Manager Of Marketing, Communications, and Public Relations.  

todayOctober 4, 2024 34

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Business / Economics

Household Credit Trends: Mixed Signals in August

Household credit data for August 2024 reveals a mixed trend, with total debt rising by N$125.94 million month-on-month and N$1.3 billion year-on-year, according to official figures. Despite this increase, says The Brief, a report from Simonis Storm Securities indicates that overall credit growth remains subdued. Notably, mortgage loans have declined by 1.1% year-on-year, reversing the 3.1% year-on-year growth seen in August 2023. This decline is largely attributed to the lingering […]

todayOctober 3, 2024 16

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Business / Economics

Regional Energy Regulators Association of Southern Africa Appoints Interim Executive Director

The Regional Energy Regulators Association of Southern Africa has appointed Francois Robinson, Manager for Regulatory Affairs at the Electricity Control Board of Namibia, as its interim Executive Director. According to The Brief, this decision follows the resignation of Elijah Sichone on August 15. RERA’s Executive Committee approved Robinson's appointment during a meeting on September 9, and it will remain in effect for six months or until a permanent Executive Director […]

todayOctober 3, 2024 16

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Business / Economics

26 September-3 October 2024 Weekly Economics Wrap

  This week’s economic highlights reflect a mixture of local and international developments impacting investment, currency stability, and market performance across various sectors. Namibia's Investment Reluctance A significant portion of Namibians are hesitant to invest, with the 2023 Old Mutual Financial Services Monitor revealing that 37% of the population is unwilling to accept any investment risks. This trend is particularly pronounced among younger consumers, indicating a broader reluctance to engage […]

todayOctober 3, 2024 16

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Business / Economics

3 October 2024 Morning Biz News: Key Updates from Namibia, South Africa, Zimbabwe, and the UK

  Namcor's Strategic Update The National Petroleum Corporation of Namibia (Namcor) has provided insights into its ongoing strategic efforts to emerge as a leading energy player in the region. Paulo Coelho, the Manager of Marketing, Communications, and Public Relations, emphasized that the company is concentrating on financial restructuring, improving operational efficiency, and enhancing accountability to elevate its performance. South Africa's Coffee Price Surge In South Africa, inflation has significantly impacted […]

todayOctober 3, 2024 25

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Business / Economics

Financial Institutions Supervisory Authority Designates October As Consumer Protection Month

The Namibia Financial Institutions Supervisory Authority has designated October as Consumer Protection Month to educate consumers about their financial rights and obligations. This initiative aims to raise awareness of the importance of protecting consumer rights, safeguarding against market misconduct, and ensuring consumers understand their responsibilities when interacting with financial institutions. NAMFISA spokesperson, Victoria Muranda.  

todayOctober 3, 2024 36

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