Business / Economics Archives - Page 48 of 184

Young Generations Redefine Life Insurance According To Old Mutual

Ndadhi Ndoroma, General Manager of Personal Financial Advice at Old Mutual Namibia, notes that Millennials and Gen Z are reshaping life insurance by prioritizing financial flexibility, wealth-building, and digital accessibility. Unlike older generations, they seek adaptable, tailored solutions to fit their evolving lifestyles and economic challenges. With rising living costs and student debt, they view life cover as a safety net rather than just family protection.

5 February, 2025

Business / Economics

B2Gold plans $7 million exploration to expand Antelope Deposit

B2Gold Corp. has announced a positive preliminary economic assessment (PEA) for the Antelope deposit at its Otjikoto Mine in Namibia, forecasting an after-tax net present value of $131 million and an internal rate of return of 35%. The Antelope deposit, located approximately four kilometers southwest of the existing Otjikoto open pit, comprises the Springbok and Oryx Zones, with a potential third structure, Impala, pending further drilling confirmation. B2Gold’s assessment indicates […]

5 February, 2025

Business / Economics

Bank Windhoek Warns Against Poor Financial Planning

Bank Windhoek's Credit Executive Officer, Eddie King, identifies poor financial planning, unexpected expenses, economic downturns, and over-reliance on credit as major causes of financial default. He stresses the importance of budgeting, emergency funds, and strong financial planning to navigate economic challenges and avoid high-interest debt traps. King urges individuals and businesses to stay informed about economic trends to make better financial decisions.

5 February, 2025

Business / Economics

Solidarity Warns SA Could Lose AGOA Trade Benefits

Trade union Solidarity says South Africa risks losing its African Growth and Opportunities Act trade benefits with the United States due to poor diplomatic relations. The union blames the government’s ties with China, Russia, and Iran, along with policies like the Expropriation Act, for straining US relations. Solidarity’s Jaco Kleynhans vows to continue lobbying for AGOA’s renewal this year to safeguard over 500-thousand jobs:

5 February, 2025

Business / Economics

Corporate Borrowing Drives PSCE Growth

Private Sector Credit Extension accelerated to 4.0% year-on-year in December 2024, the highest level since early 2023. The increase was fueled by stronger corporate credit demand, while household borrowing remained stagnant. Simonis Storm economist Almandro Jansen:

5 February, 2025

Business / Economics

Statistics Agency Reports Major Drop in Trade Deficit

The Statistics Agency reports that Namibia’s trade deficit declined drastically from N$5.5 billion in December 2024 to N$119 million in January 2025. These figures are outlined in the latest International Merchandise Trade Statistics Bulletin. Our correspondent is One Africa TV NewsOnOne's Ellen Shihepo: Watch NewsOnOne weeknights on One Africa TV on GoTv channel 84, DSTv 284 or stream on oneafrica.tv

5 February, 2025

Business / Economics

05 February: Morning Business News Update

Here are the key financial developments making waves in the markets: Namibia Repo Rate Prediction: A local economic analyst predicts a decrease of 75 basis points in Namibia's repo rate during the 2025 financial period. Max Rix, a senior analyst at Simonis Storm Securities, shared his outlook with NewsOnOne, forecasting a 3.8% GDP growth for the same period. The forecasted rate cut reflects expectations of a more accommodative monetary […]

5 February, 2025

Business / Economics

TLU SA Warns Expropriation Act Could Deter Investment

Agricultural organisation TLU SA says a centrally regulated land ownership model, as envisioned in the Expropriation Act, will deter investment and undermine South Africans' property rights. US president Donald Trump has stated that America will cut future funding to South Africa until a full investigation into the country’s land expropriation policies is complete. TLU SA’s, Bennie van Zyl, says they believe that Trump has grown tired of the way African […]

4 February, 2025

Business / Economics

New Website Connects Larger Enterprises with Informal Microenterprises

A brand marketing expert has created a website aimed at supporting the informal micro-enterprise sector in promoting their access to goods, services, and financing. Corresponding for us is One Africa TV's NewsOnOne reporter, Selma Taapopi who reported on Pierre Mare, the specialist behind the platform's design. Mare explains that it will facilitate connections between larger businesses and informal and microenterprises.

4 February, 2025