insert_link Business / Economics Saving for retirement in South Africa? Four tips to navigate the new pension rules By Adrian Saville, University of Pretoria South Africa is changing its pension laws. The new system is designed to give individuals the opportunity to access only a portion of their retirement funds before they retire in the case of dire need – or even in case of desire. To an extent, this makes sense, given the low savings rate in the country. It forces individuals […] todayJuly 31, 2024 10
insert_link Africa Victims of Jammeh’s Barbaric Rule in Gambia Still Hope for Solace and Money Gambia, a tiny country of 2.6 million tightly knit people, located right in the middle of Senegal in West Africa, is still struggling to recover from the brutal 22-year authoritarian reign of Yahya Jammeh. He was the longtime former president who fled the country in 2016 to nearby Equatorial Guinea after he lost re-election and regional states forced him from power. A range of United Nations agencies and bodies […] todayMarch 28, 2024 18
insert_link Business / Economics Financial Planning for Namibia’s Millennials By Ashante Manetti, Group Marketing Manager, Old Mutual Namibia Financial freedom. It's a term that conjures up images of early retirement, dream vacations, and unshakeable security. But for Namibia's millennial generation, this dream can often feel shrouded in uncertainty. With student loan burdens, a competitive job market, and a rising cost of living, achieving financial stability can seem like an uphill battle. Financial planning for millennials isn't […] todayMarch 28, 2024 13
Local City of Windhoek’s clarity on the Debt Relief Programme approved by Council. The City of Windhoek responds to statements made by Benestus Kandundu, a former City of Windhoek Councillor and Chairperson of the Katutura Residents Committee, regarding the recently approved debt relief programme. Contrary to Mr. Kandundu's claims, the City of Windhoek has been diligently working on a debt relief plan for over a year, even before the Katutura Residents Committee approached the City with their request. The Windhoek Municipal Council […] todayDecember 15, 2023 17
insert_link Business / Economics Needing to borrow money? Four tips on what’s okay and what’s not By Bomikazi Zeka, University of Canberra It’s a financially challenging time for most households. With interest rates rising, many are spending even more money on debt repayments or taking out loans to help make ends meet. A report released recently in South Africa, compiled by one of the country’s biggest banks, found that 42% of South Africans, across various income levels, cannot manage their debt. This indebtedness has caused […] todayDecember 14, 2023 4
insert_link Namibia Shivute encourages consumers to know their rights The Oshikoto regional council chairperson, Samuel Shivute, is encouraging people to know their rights and stop taking unaffordable debt that can result in them experiencing financial distress. Shivute said at the Oshikoto regional consumer credit bill consultations held at Omuthiya on Thursday that many people find themselves burdened by expensive loans and insurance over the years due to a lack of information on how loans and insurance work. He further […] todayDecember 8, 2023 4
insert_link Namibia How to talk to your family about money By Mauriza Fredericks, Group Brand Manager, Old Mutual Namibia Money is a subject that often stirs unease, even within family circles. However, open and honest discussions about finances are indispensable for fostering trust and ensuring financial stability. In Namibia, where family bonds hold great significance, it's crucial to approach these conversations with sensitivity. This article delves into the art of conversing about money with three essential family groups: spouses, children, […] todayDecember 4, 2023 25
insert_link Business / Economics Thought Leadership: Plan your bonus to last the long run By Samuel Linyondi, Bank Windhoek’s Strategic Communication Manager In October, the Bank of Namibia (BoN) left the repo unchanged at 7.75%, the highest in the past 14 years. If a repo rate increases, borrowing becomes more expensive, and product and service prices increase for consumers. The repo rate is one of the monetary tools to either control inflation or stimulate demand. Conversely, inflation is the rate of price increase over […] todayNovember 23, 2023 16
