insert_link World India approves $5 billion package to support exporters hit by U.S. tariffs India's Minister for Information Technology Ashwini Vaishnaw (Photo by: REUTERS/Amit Dave) India has approved a $5 billion support package for exporters affected by tariffs imposed by the United States. In August, President Donald Trump raised tariffs on Indian goods to 50%, prompting concerns among businesses reliant on the US markets. The package aims to cushion exporters from the impact of the increased duties and ensure continued trade stability. Rebecca Bundhun […] today13 November, 2025
insert_link Interview Transcripts Interview: Business Expert Josef Sheehama Backs Pension Access to Ease Government worker Debt Business expert Josef Sheehama has highlighted the urgent need for government employees to access their pension funds to settle mounting debt, citing the pressures of the current economic climate and rising financial distress among public servants. Speaking in an interview, Sheehama noted that excessive debt has been linked to mental health challenges and, in some cases, even suicides. Sheehama expressed support for government initiatives such as the pension-backed home loan scheme, […] today13 October, 2025
insert_link Interview Transcripts Interview: Ben Schernick Urges Government to Implement Universal Basic Income Grant By: Leonard Witbeen The Director of the Nutrition Alliance of Namibia, Ben Schernick, has called on the government to reconsider its approach to social protection, arguing that targeted grants are inefficient and fragmented. His remarks come in response to Finance Minister Iipumbu Shiimi’s commitment to increasing social protection investments. Schernick highlighted that Namibia’s current social grant system requires significant administrative effort and is prone to corruption. He advocates for a […] today17 February, 2025
insert_link Business / Economics DA Optimistic as S.A. Food Inflation Hits 14-Year Low In S.A, the DA says it is optimistic after the latest Consumer Price Index statistics, which highlight a significant drop in food inflation to a 14-year low. Annual inflation for food and non-alcoholic beverages retreated sharply to 2.3-percent in November from 3.6-percent the previous month, the lowest rate for the category since December 2010, when it stood at 1.6-percent. The DA’s, Wendy Alexander, says they reiterate their call for the […] today13 December, 2024
insert_link Business / Economics The Bank of Namibia reduces the repo rate Consumers can expect some relief as the Bank of Namibia has lowered the repo rate by 25 basis points, bringing it down to 7%. This marks the central bank’s final rate decision for the year. Here is BoN Governor Johannes !Gawaxab speaking at today’s monetary policy announcement. Cirrus Capital economist, Robert McGregor reacts to the development. today4 December, 2024
insert_link South Africa In S.A The GOOD Party Welcomes Inflation Drop, Highlights Need for Long-Term Economic Solutions In S.A, the GOOD Party welcomes the cooling of inflation, saying this brings some relief to all South Africans. Consumer inflation dropped to 2.8-percent in October, the lowest level since June 2020. This marks a significant decrease from the 3.8-percent in September, driven primarily by a sharp month-on-month decline in fuel prices. GOOD’s secretary-general, Brett Herron, says citizens urgently need an economy that will create long-term jobs, and […] today21 November, 2024
insert_link Business / Economics S.A Union Urges Reserve Bank for Bigger Repo Rate Cut South African Union federation Cosatu urges the South African Reserve Bank to implement a larger-than-expected repo rate cut to help ease the financial strain on workers. Following the decrease in inflation to 2.8-percent in October, the federation believes a more significant rate reduction, beyond the anticipated 25 basis points, is needed to alleviate the burden on over-indebted households. Cosatu’s Zanele Sabela says high interest rates have forced workers to […] today21 November, 2024
