insert_link Business / Economics Oil giant Chevron slashing up to 20% of its global workforce Mass layoffs coming to Chevron. The oil major says it's slashing up to 20% of its global workforce as part of a cost-cutting effort. It's the last oil and gas company to cut headcount among lower prices. Toni Waterman has more. today13 February, 2025
insert_link Business / Economics Morning Biz News Update – 27 January 2025 Namibian Stock Exchange (NSX) Activity On 27 January 2025, the NSX recorded a total volume of 1,575,316 shares traded, valued at N$44.9 million across 34 deals. Financials and Basic Materials were the standout sectors, driving significant trade volumes and values. Year-to-date market activity has reached 4.54 million shares, totaling N$280.17 million across 334 deals. South African Rand Weakens The South African rand weakened yesterday, trading at 18.72 to […] today28 January, 2025
insert_link Business / Economics Prosus Group eyes artificial intelligence to revolutionise e-commerce World Economic Forum in Davos, Switzerland 2025 As world leaders and business entrepreneurs meet in Davos, Switzerland for the 2025 Annual Meeting of the World Economic Forum, global decision-makers are gathered under the theme “Collaboration for the Intelligent Age.” From 20-24 January 2025, the event will bring together nearly 3,000 participants from over 130 countries, including more than 1,600 business leaders, 900 top CEOs, and over 350 governmental […] today22 January, 2025
insert_link Opinion Pieces World Bank Economic Initiatives Propel Namibia to Prosperity Josef Kefas Sheehama The implementation of key long-term strategies, such as the National Development Plans (NDPs) and Harambee Prosperity Plans (HPPs), to advance Vision 2030 as a vehicle to industrialise the nation, as well as the country's growing poverty, insecurity, and fragility developmental goals and the increasing risks associated with climate change, have made it imperative to accelerate Namibia's development. Namibia's New Country Partnership Framework (CPF) which is part of […] today20 January, 2025
insert_link Business / Economics Inflation drops to 3.4% in December 2024, driven by lower food and transport prices Inflation in December 2024 decreased to 3.4% year-on-year, down from 5.3% in December 2023. The decline was primarily driven by lower food and transport prices, although higher housing and utility costs partially offset the reduction. On a month-on-month basis, inflation rose slightly from 3.0% in November to 3.4% in December, largely due to higher food prices and mild transport deflation. FNB Economist Helena Mboti explained the factors behind the inflation […] today14 January, 2025
insert_link 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 […] today3 December, 2024
insert_link 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 […] today2 December, 2024
insert_link 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 […] today6 November, 2024
insert_link 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. today24 October, 2024
