Business / Economics Archives - Page 50 of 184

Fuel Prices Set to Rise This Month

The Energy Ministry has revealed a fuel price hike for February 2025, citing under-recoveries in fuel pricing. The ministry's Anna Salkeus announced that petrol will increase by 42 cents per litre, while both 50ppm and 10ppm diesel will see a rise of 120 cents per litre.

3 February, 2025

Business / Economics

MUN Involves Labor Ministry Over Trigon Metals Separation Packages

The Mine Workers Union successfully intervened to stop an alleged illegal retrenchment at Kombat Mine, where over 500 employees were expected to sign unilateral separation packages from Trigon Metals. According to One Africa TV's NewsOneOne report by Eric Mhunduru, MUN General Secretary George Ampweya confirmed that the union has also engaged the Labour ministry for a meeting today. Watch NewsOnOne weeknight on One Africa TV on GoTv channel 84 , […]

3 February, 2025

Business / Economics

03 February 2025 Biz News Update

1. Dynamic Pricing and Domestic Tourism Concerns The shift in Namibia's hospitality industry from traditional fixed rates to dynamic pricing has raised concerns about the future of domestic tourism, already burdened by economic pressures. According to a recent survey by The Brief, a number of the country's major hotels have adopted fluctuating rates, driven by international trends and increasing operational costs. This new approach could impact local tourism as […]

3 February, 2025

Business / Economics

Strong finish for vehicle sales in December 2024

December 2024 wrapped up on a positive note for Namibia’s automotive sector, with local vehicle sales reaching 1,100 units. This represents an impressive 30.8% year-on-year increase from the 841 vehicles sold in December 2023. The market also demonstrated stability, with a slight 0.6% month-on-month rise from November 2024, showing consistent demand despite the seasonal fluctuations typically seen at year-end. Simonis and Storm economist Almandro Jansen provides further insight into […]

31 January, 2025

Business / Economics

Market Moves: Key Stats & Trends From NSX

The local market recorded a total of 1,585,996 shares traded across 17 deals, with a total value of N$9.49 million. The financial sector led the market with 1,096,462 shares traded, amounting to N$9.4 million. The telecommunications sector saw a modest 2,496 shares exchanged, valued at N$19,740. Meanwhile, the consumer discretionary sector recorded 376 shares traded, while basic materials had 59 shares valued at N$32,078.

31 January, 2025

Business / Economics

In S.A, the ANC welcomes Reserve Bank’s decision to cut the repo rate

In S.A, the ANC has welcomed the South African Reserve Bank’s decision to cut the repo rate by 25 basis points, bringing the prime lending rate down to eleven-percent. The decision was split, with two of the six monetary policy committee members voting for an unchanged rate. The ANC’s spokesperson, Mahlengi Bhengu-Motsiri, says this much-needed adjustment provides relief to South African households and businesses struggling with high borrowing costs: […]

31 January, 2025

Business / Economics

Speaking to One Africa TV, Experts Question Accuracy of New Unemployment Figures

One Africa TV NewsOnOne spoke with experts pertaining to this week's unemployment stats released by the Statistics Agency. In this report , voiced by Willem Snyman and compiled by OATV's journalist Envaalde Matheus, they have expressed doubts about the accuracy of the latest unemployment statistics, raising concerns over whether the Agency maintained consistency in its methodology. Find last night's full bulletin on oneafrica.tv

31 January, 2025

Business / Economics

31 January Biz News: Key Financial Updates and Market Movements

Bannerman Mining Resources Namibia Invests in Etango Project Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars in the Etango Project. The company has already allocated more than one billion Namibia dollars towards the uranium project in Erongo, signaling a major commitment to the sector. This move will likely boost Namibia's mining industry and contribute to the nation's economic growth. South Africa's Reserve Bank […]

31 January, 2025

Business / Economics

Bannerman to invest over N$6 billion in Etango project

Bannerman Mining Resources Namibia Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars (N$6 billion) in the Etango Project, a uranium mining venture located in the Erongo region. The company has already spent more than one billion Namibia dollars (N$1 billion) on the project to date. The General Manager of Bannerman Resources Namibia, Werner Ewald shared that the company is on track to […]

30 January, 2025