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

Economic Impact

41 Results / Page 1 of 5

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Business / Economics

FNB South Africa warns that today’s fuel price hike is a blow to holidaymakers

  FNB South Africa warns that today’s fuel price hike, with 95-octane and 93-octane petrol increasing by 17-cents per litre and diesel by over 50-cents, is a blow to holidaymakers. The bank attributes the rise to a weaker rand, driven by global factors like the United States elections and higher international diesel prices. FNB senior economist Koketso Mano advises citizens to revise their fuel budgets:  

todayDecember 4, 2024 14

Business / Economics

“No one will win a trade war,” Says China

Neither the US nor China would win a trade war, the Chinese embassy in Washington said on Monday, after president-elect Donald Trump vowed additional tariffs on China as well as US neighbors Canada and Mexico. Trump said he would impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada in posts to his Truth Social network on Monday. Laura Westbrook has more.

todayNovember 26, 2024 13

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Business / Economics

Potential Global and Namibian Economic Impacts of a Trump 2.0 Presidency

    Theo Klein, an economist from Oxford Economics Africa in South Africa, warns that a second Trump presidency may negatively affect global markets, leading to higher inflation, interest rates, a stronger US dollar, and suppressed oil prices. For Namibia, the potential impacts include a slower interest rate cutting cycle and rising inflation as discussed by Klein alongside factors that could affect Namibia's economy.

todayNovember 21, 2024 15

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South Africa

Build One South Africa Warns Eskom’s 36% Tariff Hike Could Endanger Low-Income Households

  Build One South Africa says Eskom’s proposed 36-percent electricity tariff increase could force low-income households to turn to unsafe energy alternatives, putting their health and safety at risk. The party has deployed representatives to energy regulator, Nersa’s public hearings nationwide to express their opposition to the increase. BOSA spokesperson, Roger Solomons, argues the tariff increase will exacerbate inequality and threaten the survival of small businesses:  

todayNovember 20, 2024 19

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World

US Fed chair won’t resign if Trump demands

  US Federal Reserve Chairman Jerome Powell has said he will not resign if asked to by incoming President Donald Trump. He was speaking after the Fed dropped interest rates by another quarter of a percentage point. As Nick Harper reports from Washington.  

todayNovember 8, 2024 22

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Africa

Ghana’s Consumer Inflation Climbs to 22.1% in October

  Ghana's consumer inflation rose for the second consecutive month in October, reaching 22.1% year-on-year, up from 21.5% in September, according to the country's statistics service. Reuters says, a government statistician shared that both food and non-food inflation had increased during the month. He highlighted that three sectors—food and non-alcoholic beverages, housing, water and fuel, and transport—accounted for about two-thirds of the overall inflation rate for October.

todayNovember 7, 2024 4

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South Africa

OUTA Opposes Eskom’s Proposed 66% Electricity Price Hike

  The Organisation Undoing Tax Abuse opposes Eskom's proposed 66-percent electricity price hike over three years, calling it unaffordable and harmful to the economy. They urge the power utility to focus on cutting costs and improving efficiency and focus on clean energy. OUTA’s Estienne Ruthnam urges the National Energy Regulator of South Africa to reject the increases to prevent further economic hardship for consumers and businesses alike:  

todayNovember 6, 2024 26

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