insert_link Namibia Finance Ministry calls for employee PAYE refunds after tax changes The Ministry of Finance and Public Enterprises has instructed employers to reimburse employees once the new statutory tax rates are gazetted, according to a media release issued on Saturday. The Ministry's spokesperson, Wilson Shikoto, explains. Cirrus Capital economist Robert McGregor said that the amendment will provide consumers with additional relief over and above the 25 basis points repo rate reduction seen last month. Meanwhile, business owner […] today16 September, 2024
insert_link Business / Economics Bank of Namibia keeps repo rate at 7.75% The Monetary Policy Committee of the Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, with the prime lending rate holding steady at 11.50 percent. Governor of the Bank Johannes !Gawaxab says this policy stance will continue to safeguard the one-to-one link between the Namibia Dollar and the South African Rand and support domestic economic activity. UNAM economics lecturer, Dr. Omu Kakujaha-Matundu, believes that consumers […] today19 June, 2024
