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

Business / Economics

1232 Results / Page 45 of 137

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Business / Economics

10 July 2024 Morning Biz News: Economic Insights: Namibia’s Inflation Trends, Currency Movements, and Market Dynamics

Namibia's Inflation Rates Vary Across Regions Amid Nationwide Slowdown The Namibia Statistics Agency recently reported a nationwide slowdown in inflation for June 2024, revealing a varied landscape across the country's three designated zones. While the national average reflects a general easing of inflationary pressures, Zone 1, comprising the Northern regions, and Zone 2, which includes only the Khomas region, experienced slightly higher inflation rates at 4.8%, surpassing the national average. […]

todayJuly 10, 2024 24

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Business / Economics

Transnet Suspends Operations at Several South African Ports Due to Severe Weather

South Africa's logistics firm Transnet announced on Tuesday that it had suspended operations at some ports due to strong winds and waves affecting parts of the country. According to Reuters, the coastal regions, particularly the Western Cape, have faced disruptive rains and violent winds since Sunday. Transnet, already dealing with port backlogs from under-investment in equipment and maintenance, said operations at four of its seven ports—Cape Town, Saldanha, Port Elizabeth, […]

todayJuly 10, 2024 9

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Business / Economics

9 July 2024 Afternoon Biz News: Economic Update: Aquaculture Project Cleared, Rand Stable Amid Global Market Uncertainty

  Blue Ridge Aquaculture Africa (Pty)’s Aquaculture Project: Blue Ridge Aquaculture Africa (Pty)’s local associate has received Environmental Clearance for a 25-hectare aquaculture project near Henties Bay. The project will use Recirculating Aquaculture Systems for Tilapia farming and is expected to cost under N$1.4 billion. South African Rand Stability: The South African rand remained stable, trading at 18.13 against the dollar. Market focus is on the Federal Reserve chair's testimony […]

todayJuly 9, 2024 16

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Business / Economics

Shell Seeks Approval for Offshore Drilling off South Africa’s West Coast

Reuters reports that Shell is seeking government authorization to drill up to five offshore wells off the west coast of South Africa, according to a draft scoping report from environmental consultancy SLR. Shell Offshore Upstream South Africa B.V. and its joint venture partners require environmental approval to operate in the Northern Cape Ultra Deep Block in the Orange Basin.

todayJuly 9, 2024 20

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Business / Economics

Theo Baloyi: From Humble Beginnings to CEO of Bathu Shoes, Inspiring Africa

 Theo Baloyi, the dynamic CEO of Bathu Shoes, recently visited Namibia, sharing his inspiring journey and vision for his company and the African continent. Baloyi's story is one of perseverance, vision, and a deep commitment to creating opportunities and igniting hope. A Journey of Opportunity and Vision "I am the first employee of Bathu," Baloyi began, highlighting his recent promotion to Group CEO. Born in the impoverished Alexander Township in […]

todayJuly 8, 2024 55

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Business / Economics

8 July 2024 Morning Biz News: Namibia’s Agricultural Land Prices Surge 21.1%; TotalEnergies Commits to South African Gas Amid Euro Weakness and Stable Oil Prices

 Namibia’s Agricultural Land Prices Surge by 21.1% in Eight Years Namibia's commercial agricultural land market has experienced a significant uptick, with prices soaring by 21.1% over the past eight years. According to the Namibia Statistics Agency, this surge has propelled the national index to 121.1 basis points in 2023, marking a sustained upward trajectory in land values across the country. TotalEnergies Commits to South African Gas Investments Despite Initial Exit […]

todayJuly 8, 2024 40

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