Economic Growth

SA’s 2025 G20 Host Role a Key Business Opportunity According To Standard Bank

Standard Bank says South Africa’s role as host of the 2025 G20 Summit and its associated B20 Summit, presents a significant business opportunity. South Africa assumed the G20 Presidency in December 2024, becoming the first African country to hold the presidency of the world’s premier economic cooperation grouping. Standard Bank’s, Oscar Siziba, says the B20 Summit, the official business engagement forum of the G20, will provide a platform for private […]

13 February, 2025

Business / Economics

Bank of Namibia awards bursaries to ten outstanding students

The Bank of Namibia has awarded bursaries to ten outstanding students pursuing studies in key fields essential to the country’s development. The regulator's Sandra Garises says, through its long-standing bursary programme, the Bank continues to invest in the country's future by ensuring deserving students have access to quality education. Josefina Oskar from BON:

7 February, 2025

Business / Economics

30 January-6 February 2025 Weekly Economics Wrap: Tourism, Telecommunications, and Global Economic Trends

The local hospitality industry in Namibia is undergoing a significant shift as several major hotels transition from fixed rates to dynamic pricing. This move, influenced by international trends and increasing operational costs, has raised concerns about the impact on domestic tourism, already facing economic challenges. A recent survey by The Brief revealed that fluctuating rates could affect local tourism, making it difficult for many Namibians to access affordable accommodations. This […]

6 February, 2025

South Africa

Rise Mzansi Calls on Ramaphosa for Strong Leadership in SONA

Rise Mzansi urges president Cyril Ramaphosa to use his State of the Nation address to demonstrate strong leadership and set clear priorities. The party wants decisive action on job creation, crime prevention, and service delivery. They also propose a wealth tax to boost economic growth. Rise Mzansi spokesperson Mabine Seabe warned Ramaphosa that failure to tackle corruption decisively will erode public trust:

6 February, 2025

Namibia

Oil, trade, and tourism top agenda at Namibia-Nigeria talks

Namibia is set to host the Fifth Session of the Namibia–Nigeria Joint Permanent Commission of Cooperation in Windhoek from today until 7 February 2025. The high-level meeting aims to strengthen bilateral relations between the two nations, particularly in the sectors of health, education, agriculture, oil, and gas. Namibia previously called for the revival of the joint commission to cement collaboration in areas of mutual interest. Speaking ahead of the […]

5 February, 2025

Business / Economics

Corporate Borrowing Drives PSCE Growth

Private Sector Credit Extension accelerated to 4.0% year-on-year in December 2024, the highest level since early 2023. The increase was fueled by stronger corporate credit demand, while household borrowing remained stagnant. Simonis Storm economist Almandro Jansen:

5 February, 2025

Business / Economics

Strong finish for vehicle sales in December 2024

December 2024 wrapped up on a positive note for Namibia’s automotive sector, with local vehicle sales reaching 1,100 units. This represents an impressive 30.8% year-on-year increase from the 841 vehicles sold in December 2023. The market also demonstrated stability, with a slight 0.6% month-on-month rise from November 2024, showing consistent demand despite the seasonal fluctuations typically seen at year-end. Simonis and Storm economist Almandro Jansen provides further insight into […]

31 January, 2025

Business / Economics

In S.A, the ANC welcomes Reserve Bank’s decision to cut the repo rate

In S.A, the ANC has welcomed the South African Reserve Bank’s decision to cut the repo rate by 25 basis points, bringing the prime lending rate down to eleven-percent. The decision was split, with two of the six monetary policy committee members voting for an unchanged rate. The ANC’s spokesperson, Mahlengi Bhengu-Motsiri, says this much-needed adjustment provides relief to South African households and businesses struggling with high borrowing costs: […]

31 January, 2025

Business / Economics

Bannerman to invest over N$6 billion in Etango project

Bannerman Mining Resources Namibia Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars (N$6 billion) in the Etango Project, a uranium mining venture located in the Erongo region. The company has already spent more than one billion Namibia dollars (N$1 billion) on the project to date. The General Manager of Bannerman Resources Namibia, Werner Ewald shared that the company is on track to […]

30 January, 2025