financial strain

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Namibia

Amushelelo Demands Fair Hiring Practices

Namibia Economic Freedom Fighters' People’s General, Saddam Amushelelo, is calling for urgent reforms in the government’s hiring process, particularly in education and healthcare. In a social media posting, Amushelelo condemns the financial and emotional strain on job seekers who travel long distances—often with borrowed money—only to interview for positions already internally filled. Amushelelo advocates for virtual or regional-based interviews to ease costs and improve accessibility. He also highlights the inhumane […]

today13 February, 2025

Business / Economics

S.A Union Urges Reserve Bank for Bigger Repo Rate Cut

  South African Union federation Cosatu urges the South African Reserve Bank to implement a larger-than-expected repo rate cut to help ease the financial strain on workers. Following the decrease in inflation to 2.8-percent in October, the federation believes a more significant rate reduction, beyond the anticipated 25 basis points, is needed to alleviate the burden on over-indebted households. Cosatu’s Zanele Sabela says high interest rates have forced workers to […]

today21 November, 2024

Business / Economics

How to detect and prevent financial strain

    By Bank Windhoek’s Executive Officer of Credit, Eddie King   For many, credit is the go-to financial resource for financial management. Grasping its far-reaching implications and mastering prudent management is crucial for safeguarding long-term financial wellness. Recognising the early signs of financial strain and adopting strategies to prevent sliding into a debt trap is paramount for maintaining financial stability. Before you take up any form of credit, keep […]

today9 April, 2024