insert_link Business / Economics Domestic Growth Slows Amid Manufacturing and Mining Weakness The domestic economy is forecast to slow to 3.0% for this year before recovering to 3.9% in 2026, hindered by a 4.6% contraction in manufacturing and a 0.1% decline in primary industries. Persistent drought, reduced livestock and diamond output, and falling SACU and diamond revenues pose additional risks, according to Josefina Oskar from the Bank of Namibia. Adding that, on the global front, growth is slowing: advanced economies remain stagnant at 1.6%, emerging markets show slight moderation, while Sub-Saharan […] today1 December, 2025
insert_link Business / Economics GDP growth slows to 1.6% in second quarter Photo: Adobe stock Namibia’s economy grew by 1.6 percent year-on-year in the second quarter of 2025, down from 2.8 percent in the first quarter and 3.3 percent in the same period of 2024, according to a new report by the First National Bank of Namibia (FNB). FNB economist Helena Mboti said the data indicates the strain on consumers.“Private consumption collapsed to negative 7.2 percent year-on-year in the second quarter of […] today1 October, 2025
insert_link South Africa South Africa loses 74,000 formal jobs in Q1 2025—Stats SA Labour market challenges. Photo: Statistics South Africa Statistics South Africa has revealed that the country lost 74,000 formal sector jobs in the first quarter of 2025. According to Eyewitness News, employment dropped from 10.65 million in December 2024 to 10.58 million by March—a decline of 0.7%. Full-time positions fell by 55,000, while part-time roles declined by 19,000. The trade industry was hit hardest, accounting for approximately 70% of overall losses—around […] today25 June, 2025
insert_link Business / Economics U.S inflation eased slightly in January U.S inflation eased slightly in January according to new figures — raising questions about possible rate cuts in the coming months. At the same time, figures revealed Americans spending slowed more than what was forecast for January. Mitch McCann reports today1 March, 2025
insert_link Business / Economics United States has released its monthly jobs growth data The United States has released its monthly jobs growth data, with some analysts arguing it's another sign of a softening job market in the world's strongest economy. The President has criticized his predecessor, Joseph Biden, for the weaker-than-expected numbers. Mitch McCann reports from New York: today10 February, 2025
insert_link Business / Economics 09 January 2025 Morning Biz News: Namibian Stock Performance, South Africa’s Economic Challenges, and Global Financial Updates In the latest financial news, Letshego Holdings Namibia has emerged as the leader on the Namibian Stock Exchange for 2024, posting an impressive total return of 49.2%. This performance, based on the most recent figures, showcases Letshego’s strong position in the market. Nictus Holdings secured second place with a return of 30.4%, while Capricorn Group followed closely with a return of 24.7%. Meanwhile, in neighboring South Africa, the manufacturing […] today9 January, 2025
