May vehicle sales increase by 7.5%

May vehicle sales increase by 7.5%

Vehicle sales reached 966 units in May, marking a 7.5% month-on-month increase from the 899 units sold in April 2024. However, this figure represents a slight decline compared to the 982 units sold in May 2023. Commercial vehicles continue to drive sales in the market, according to Simonis Storm Economist, Halleluya Ndimulunde.

June 17, 2024 39

World

UK’s Sunak to unveil tax-cutting manifesto

By James PHEBY British Prime Minister Rishi Sunak will promise voters "financial security" and tax cuts when he unveils his Conservative party manifesto on Tuesday, following a disastrous week that even led to rumours he might quit. "We Conservatives have a plan to give you financial security," he will say, according to extracts of his speech released in advance. "We will enable working people […]

June 11, 2024 6

Local

Partnering for prosperity: Nedbank Namibia’s commitment to strengthening Namibia’s agriculture sector

Namibia's agricultural sector is a cornerstone of its economy, yet it faces a myriad of challenges that threaten its sustainability and growth. Agriculture contributes over 8% to Namibia’s gross domestic product (GDP), with about 70% of the population dependent on it for income and food security. Additionally, agriculture is the largest employer in the country, accounting for over a fifth of the local workforce. Despite its economic significance, the […]

June 10, 2024 6

Local

Small businesses big impact: Boosting SMEs to drive economic growth

In the face of a recovering economy, soaring inflation, and high interest rates, small business owners in Namibia are navigating challenging times. Now more than ever, supporting Small and Medium Enterprises (SMEs) is imperative, given their significant contribution to the Namibian economy. It is estimated that there are over 40 000 SMEs in Namibia, supporting the livelihoods of more than 200 000 people and contributing approximately […]

May 28, 2024 11

Namibia

The role of regulatory investigations in the ICT industry

As Namibia joins the Fourth Industrial Revolution (4IR), the Information and Communication Technology (ICT) industry starts to have a significant impact on the country’s economy, promoting equality of opportunity, industrial development, economic growth, and poverty eradication. The Namibian government has put laws in place to encourage the growth of ICT due to its importance to economic development. Through the Communications Regulatory Authority of Namibia (CRAN), the Ministry […]

May 22, 2024 22

South Africa

Over 26 million South Africans get a social grant. Fear of losing the payment used to be a reason to vote for the ANC, but no longer – study

By Leila Patel, University of Johannesburg and Yolanda Sadie, University of Johannesburg Social grants to reduce poverty feature prominently in the campaign promises of political parties in South Africa’s 2024 national and provincial general elections, set for 29 May. The country’s social grants system is one of the largest in Africa in terms of number of beneficiaries. Research shows that this has helped reduce poverty. […]

May 15, 2024 13

Namibia

Diamond industry growing, despite new industry players

https://youtu.be/F8LsNudVJcY By Josia Shigwedha, via News on One With emerging industries in the energy sector such as oil and gas, the diamond industry’s position as a key contributor towards the growth of the sector and economy could be at stake. But this may not be the case as the Namibia Diamond Trading Company (NDTC) Chief Executive Officer, Brent Eiseb, stated that the intake of the precious gemstones for […]

April 24, 2024 25

Africa

South Africa’s conservation model: why expanding the use of biodiversity to generate money is a good idea

By Hayley Clements, Stellenbosch University; Alta De Vos, Stellenbosch University, and Matthew Child, University of Pretoria South Africa’s government is calling for public comments on an updated version of its existing biodiversity economy plan. The National Biodiversity Economy Strategy aims to conserve biodiversity while also contributing to job creation and economic growth. It proposes to do this by promoting sustainable use of the country’s natural resources. The strategy […]

April 8, 2024 22

Entertainment

South Africa’s conservation model: why expanding the use of biodiversity to generate money is a good idea

By Hayley Clements, Stellenbosch University; Alta De Vos, Stellenbosch University, and Matthew Child, University of Pretoria South Africa’s government is calling for public comments on an updated version of its existing biodiversity economy plan. The National Biodiversity Economy Strategy aims to conserve biodiversity while also contributing to job creation and economic growth. It proposes to do this by promoting sustainable use of the country’s natural resources. The […]

April 5, 2024 16