insert_link Business / Economics Relief for motorists as the Ministry of Mines and Energy announces fuel reduction The Ministry of Mines and Energy has announced that petrol prices will decrease by 80 cents per litre, diesel with 50ppm will decrease by 60 cents per litre and diesel 10ppm will decrease by 70 cents per litre. The changes come into effect on Wednesday 3 July 2024. Cirrus Capital economist Robert McGregor says despite the decreases we face for July, the fuel prices for both diesel and petrol are […] todayJuly 1, 2024 24
insert_link Business / Economics Anglo American rejects BHP offer, again Anglo-American has rejected a third takeover proposal from BHP Group that valued the company at $49.18 billion but agreed to a one-week extension for its rival to table a binding offer. Cirrus Capital Economist Robert McGregor helps make sense of the deal. todayMay 23, 2024 37
insert_link Business / Economics Paratus Namibia Holdings doubles market capital with N$ 600 million raise Paratus Namibia Holdings Limited (PNH) has successfully raised over N$600 million through its recent Rights Issue and investment drive. The capital infusion has effectively doubled the company's market capital on the NSX. The company says the raised capital was sourced from a diverse group of investors, including the Paratus Group (61,9%), Paratus employees (2,6%), institutional investors (34%), and retail investors (1,5%). Paratus Namibia Managing Director Andrew Hall adds that the […] todayMay 16, 2024 56
insert_link Business / Economics Economists break down revised tax reforms and national budget With Finance and Public Enterprises Minister Ipumbu Shiimi having announced in yesterday’s National budget that the government has revised tax reforms that will put N$646 million back in the pockets of taxpayers by exempting all individual taxpayers from paying tax on the first N$100,000 of their income, starting 1 March 2024, we asked Cirrus Capital Economist Robert McGregor for a breakdown of the numbers. Namibia's largest-ever annual budget on Wednesday […] todayFebruary 29, 2024 34
insert_link Namibia Von Bach dam hits lowest level since 2017 The Von Bach dam is currently standing at 12.6%, the lowest since January 2017 while the Swakoppoort levels continue to decline. NamWater has meanwhile faced challenges transferring water from Swakoppoort to Von Bach, leaving Windhoek reliant on aquifers, should the rainy season disappoint. Cirrus Capital economist Robert McGregor comments on the implications. todayFebruary 5, 2024 28
insert_link Business / Economics Economist weighs in on Bank of Namibia’s policy alignment Following calls for increased inclusivity in the Monetary Policy Committee of the South African Reserve Bank, we reached out to Cirrus Capital Economist, Robert McGregor for his take. todayFebruary 1, 2024 12
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
