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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Global Economy

21 Results / Page 1 of 3

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Africa

BRICS nations would suffer under a 100 percent tariff from Trump

The economies of BRICS nations would be damaged should US president-elect Donald Trump impose a 100-percent tariff on the countries. This is according to Future Forex CEO, Harry Scherzer.     Trump has threatened to impose the tariff if BRICS countries were to create a rival currency to the US dollar. Scherzer says the possibility that Trump sticks to his guns and does impose tariffs, would hamstring South Africa in […]

todayDecember 3, 2024 18

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Business / Economics

Donald Trump threatens 100% tariffs on BRICS

US President-elect Donald Trump has warned BRICS nations against creating a new currency to replace the US dollar, demanding commitments to maintain the dollar's dominance. He also repeated threats to levy a 100% tariff. Bloomberg reports that Saturday’s threat on Truth Social took on new relevance as the president-elect prepares to retake power in January. In response, South Africa’s former Public Protector Thuli Madonsela criticized Trump’s position on X, saying […]

todayDecember 2, 2024 18

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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 […]

todayNovember 6, 2024 10

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Business / Economics

September Sees Global Interest Rate Cuts to Stimulate Economic Growth

September was a significant month in the global financial landscape, with major economies such as the United States, European Union, China, South Africa, and Namibia implementing interest rate reductions. These cuts came after a prolonged period of low economic growth and were largely anticipated by markets as a strategy to stimulate economic activity and lower borrowing costs. Almandro Jansen: Simonis Storm Economist.  

todayOctober 24, 2024 19

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Africa

World Bank cuts Africa growth forecast

The World Bank has downgraded its economic growth forecast for sub-Saharan Africa. Bloomberg reports that Sub-Saharan Africa will likely grow 3% this year, somewhat lower than an April forecast of 3.4%, the Washington-based lender said in its Africa Pulse report published Monday.  The slower growth rate was largely blamed on the conflict in Sudan which started 18 months ago and has continued to escalate.

todayOctober 15, 2024 15

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Business / Economics

IMF projects Namibia’s GDP growth to slow to 3.6% in 2024

The International Monetary Fund forecasts that real GDP growth in Namibia will slow to 3.6% in 2024, owing to global macroeconomic headwinds and tight monetary conditions. The fund released its World Economic Outlook Update on 16 July 2024. Similarly, the African Development Bank forecasts a decline in GDP to 3.3% for both 2024 and 2025, driven by weak global demand and a contraction in agriculture.

todayJuly 17, 2024 39

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South Africa

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

      By Danny Bradlow, University of Pretoria     South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global economy, 75% of world trade and 67% of global population. The G20 defines itself as the premier multilateral forum […]

todayMay 15, 2024 24

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Business / Economics

Japan and the United Kingdom enter recession

Two of the world's leading economies - Japan and the United Kingdom - recently entered into recession, highlighting the financial struggles that countries have been facing after the COVID-19 pandemic. We asked Salomei Hei the Managing Director at High Economic Intelligence for his take on global economic development.

todayFebruary 19, 2024 20

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