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

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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 […]

todaySeptember 16, 2024 110

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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 […]

todayJune 19, 2024 64

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