insert_link Business / Economics Shafudah Announces Spending Adjustments in Mid-Term Budget Review Finance Minister Ericah Shafudah tabled the Mid-Term Budget Review before Parliament, providing an update on the local economic progress and key fiscal adjustments. The proposed changes to the 2025 Appropriation Act aim to realign government spending and ensure adequate funding for national priorities through the rest of the 2025/26 financial year. Simonis Storm economist Almandro Jansen: today22 October, 2025
insert_link South Africa In South Africa, GOOD Party supports basic income grant as priority The GOOD Party says implementing a basic income grant should be priority number one in Finance minister Enoch Godogwana’s budget speech on Wednesday. Economic research the party conducted nearly two years ago, pointed to the country being able to afford a 999-rand basic income grant if it changed its approach to budgeting. GOOD’s secretary-general, Brett Herron, says South Africa is constitutionally obliged and can no longer afford not to implement […] today18 February, 2025
insert_link Namibia India to Unveil Annual Budget Amid Growth Concerns The Indian government will present its annual spending plan to the parliament this week amid concerns about slowing growth and high inflation. The finance minister will kick off the proceedings on Friday by unveiling the annual economic survey which highlights the state of the country's economy. Ishan Garg tells us more from New Delhi. today31 January, 2025
insert_link South Africa South Africa Aims to Regain Investment-Grade Credit Rating in Two Years South Africa's Finance minister Enoch Godongwana says the country could be able to regain its investment-grade credit rating within two years. The country obtained a full house of junk ratings in 2020, when Moody's Ratings downgraded its debt assessment, leaving it without an investment-grade evaluation for the first time in 25 years. In an interview with the SABC at the World Economic Forum in Davos, Godongwana says the government […] today21 January, 2025
insert_link Namibia National Assembly postpones Mid-Year Budget Review Finance Minister Iipumbu Shiimi could not deliver the 2024/25 Mid-Year Budget Review this afternoon as the National Assembly lacked the required quorum. The session was postponed to Tuesday, 29 October 2024. The mid-year review seeks to evaluate the country's economic progress and fiscal strategies, with a focus on debt management and economic recovery. today28 October, 2024
insert_link South Africa SA’s Kganyago praises late Mboweni’s policy contributions South Africa’s Reserve Bank Governor Lesetja Kganyago has praised former Finance Minister Tito Mboweni for his contribution to policy-making. Mboweni, who was the first black central bank governor of South Africa, died over the weekend after a short illness and served as the Reserve Bank governor between 1999 and 2009. He gained a reputation for being principled and ready to debate issues openly. More recently, as finance minister […] today15 October, 2024
insert_link Business / Economics 2 August 2024 Morning Biz News: Namibia Lifts Vehicle Acquisition Ban, Tiger Brands Expands in South Africa, Currency Fluctuations Impact Global Markets Government Lifts Ban on Vehicle Acquisitions Finance Minister Iipumbu Shiimi announced that the Namibian government has lifted the five-year ban on acquiring new vehicles for ministers and government employees. This moratorium, initially imposed by the late President Hage Geingob in 2020, follows a previous halt in 2015 by former Finance Minister Calle Schlettwein as part of austerity measures. The move marks a significant policy shift and could lead to increased […] today2 August, 2024
insert_link World Netanyahu says Israel ‘prepared for very intense operation’ on Lebanon border Prime Minister Benjamin Netanyahu said Wednesday that Israel was "prepared for a very intense operation" along the border with Lebanon, where Israeli troops have exchanged near-daily fire with Hezbollah fighters. Exchanges between Israel and the Iran-backed Hezbollah movement, a Hamas ally, have intensified over the past week, with repeated Israeli strikes deeper into Lebanese territory. "We are prepared for a very intense operation in the north. One way […] today5 June, 2024
insert_link Namibia Tax Relief Fra Ahead: Namibia’s Minister Shiimi Promises Benefits for Taxpayers Finance Minister, Iipumbu Shiimi has announced forthcoming tax relief measures, including raising the tax threshold to N$100,000, which will exempt individuals earning up to this amount from income tax. The amendment, part of the national budget for 2024/25, is currently undergoing legal review and is expected to be finalized by October. Shiimi highlighted the importance of providing relief to households amidst economic challenges like high interest rates and inflation, reassuring […] today21 May, 2024
