insert_link Business / EconomicsNamibia Welcomes South Africa’s Lower Inflation Target The Bank of Namibia's Naufiku Hamunime, Deputy Director of Corporate Communications and Sustainability, welcomed South Africa’s decision to lower its inflation target to 3 percent, saying it will bring long-term benefits for Namibia through the Common Monetary Area. With Namibia’s dollar pegged to the rand, aligning key monetary indicators like interest rates helps maintain stability, while membership in the bloc continues to provide price stability, lower transaction costs, and […] today18 November, 2025
insert_link Business / EconomicsBanking Sector Strengthens Economic Footing Local banking assets have climbed to N$180 billion, representing 70% of the Gross Domestic Product and confirming the industry’s role as the third-largest contributor to the economy. Our correspondent Hertha Ekandjo reports that PSG Wealth Namibia says the sector contributed 8.1% to GDP for this year, maintaining a steady 5% year-on-year growth despite wider economic challenges. today14 November, 2025
insert_link Business / EconomicsSA to Host G20 Finance Track Meetings in Cape Town To South Africa, where the National Treasury and the South African Reserve Bank will host the G20 Finance Track meetings in Cape Town from today until Thursday, which will include Finance ministers, Central Bank Governors, and their deputies. The G20 Finance Track focuses on fostering global economic stability, enhancing international financial cooperation, and addressing pressing global challenges. SA Reserve Bank Governor, Lesetja Kganyago, says the Finance Track deals with strategic […] today24 February, 2025
insert_link Business / EconomicsMorning Biz News – 20 February 2025 Toyota Leads Vehicle Market in January Toyota has maintained its dominance in Namibia’s vehicle market, recording 555 new vehicle sales in January 2025. According to Simonis Storm Junior Economist Almandro Jansen, Toyota accounted for a significant portion of total sales, with 306 light commercial vehicles, 242 passenger vehicles—including popular models like the Corolla Cross and Fortuner—and several medium commercial units. The brand’s strong performance reinforces its leadership in both passenger […] today20 February, 2025
