insert_link Business / EconomicsInterview: High Unemployment Puts Pressure on Revenue, Says Sheehama Business and economics expert Josef Kefas Sheehama says the country’s rising unemployment rate is putting mounting pressure on tax collection, public finances, and overall economic stability. In an exclusive interview, Sheehama explained that while the official unemployment rate climbed from 33.4% in 2018 to 36.9% in 2023, the real figure could be much higher. “If we use what we call the standard mean, unemployment could actually stand at 60%,” he […] today14 July, 2025
insert_link Business / Economics07 March Biz News: Markets, Earnings, Oil Deals & Trade Policy Shifts Local Stock Market Update As of yesterday, the local stock market's free float market capitalization stands at N$16.71 billion, with 638,974 shares traded, amounting to N$16.41 million in value across 11 deals. For the month to date, 1,364,598 shares have been traded, totaling N$47.09 million, with 31 deals recorded. FirstRand Ltd Sees 10% Earnings Growth According to CNBC Africa, South Africa’s FirstRand Ltd reported a 10% rise in first-half […] today7 March, 2025
insert_link Business / Economics27 February Morning Biz News: Hyphen Expands Training, SA Inflation Rises, Tesla Stock Drops Hyphen Hydrogen Energy Expands Green Hydrogen TrainingHyphen Hydrogen Energy has signed a Memorandum of Understanding (MoU) with the Hardap Regional Council to address the skills gap and prepare local workers for employment in the green hydrogen industry. According to The Brief, this collaboration is part of Hyphen’s broader efforts with the Namibian government to develop specialized training and capacity-building programs. South Africa’s Inflation Rises to 3.2% in JanuaryConsumer inflation in […] today27 February, 2025
Business / EconomicsMorning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […] today26 February, 2025
insert_link Business / EconomicsMorning Biz News 25 February 2025: Market Trends, Global Investments, and Banking Updates Local Market Performance The Namibian stock market recorded a total of 1.57 million shares traded on Monday, amounting to a total value of N$41.77 million across 27 deals. According to the NSX report, the year-to-date traded volume has reached 9.67 million shares, with a cumulative value of N$579.69 million. The financial sector led the day's trading with transactions worth N$34.28 million, followed by the consumer staples sector, which saw activity […] today25 February, 2025
insert_link Business / EconomicsMorning Biz News – 20 February 2025 Toyota Leads Vehicle Market in January Toyota has maintained its dominance in Namibia’s vehicle market, recording 555 new vehicle sales in January 2025. According to Simonis Storm Junior Economist Almandro Jansen, Toyota accounted for a significant portion of total sales, with 306 light commercial vehicles, 242 passenger vehicles—including popular models like the Corolla Cross and Fortuner—and several medium commercial units. The brand’s strong performance reinforces its leadership in both passenger […] today20 February, 2025
