Financial News

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 […]

9 January, 2025

Business / Economics

European Central Bank cuts interest rates

The European Central Bank has cut interest rates again suggesting that efforts taken to curb inflation remain on track. It's the fourth time the ECB has cut rates this year with the deposit rate now set at three percent. William Denselow is in Brussels for us.

13 December, 2024

Business / Economics

Namra Pays N$75.1 Million in Tax Refunds

The Namibia Revenue Agency recently disbursed N$75.1 million in tax refunds to over 50,000 taxpayers, with individual refunds ranging from N$100 to N$3,000. Namra spokesperson Tonateni Shidhudhu confirmed a third batch of refunds, between N$101 and N$100,000, is set for release prior to the end of this month.

14 November, 2024

Business / Economics

6 November 2024 Morning Biz News: Strengthening Trade Relations: Key Developments from Namibia, South Africa, Kenya, and China

This week, the global economic landscape has seen notable developments, with high-level talks aimed at boosting trade relations, promising improvements in economic indicators, and significant policy shifts in key international markets. Below are some of the latest highlights that matter for businesses and investors: 1. Strengthening Namibia-EU Trade Relations In Windhoek this week, a high-level conference will take place with a focus on deepening trade relations between […]

6 November, 2024

Namibia

Business Confidence Climbs Amid Improved Credit Access

The latest Standard Bank Afrotrade barometer indicates a rise in local business confidence, with the index score increasing from 58 to 59 out of 100 since May 2023. As per The Brief, this boost is largely due to improved access to credit, as only 39% of surveyed businesses reported challenges in securing credit, a slight improvement from 42% reported in May 2023.

29 October, 2024

Business / Economics

21st February 2024 Morning Biz News: Global Financial Snapshot: Namibia Faces Grey Listing, South Africa’s Unemployment Rises, Oil Prices Recover, and Currency Markets Shift

In the realm of global finance, Namibia finds itself on the brink of grey listing due to non-compliance with international anti-money laundering standards. Despite Finance Minister Iipumbu Shiimi's reassurance that Namibia passed the technical compliance test, progress in five out of 11 effectiveness test outcomes signals a potential challenge. Out of 72 action items, 59 have been successfully addressed, leaving 13 unresolved. South Africa, on the other hand, experiences […]

21 February, 2024