insert_link Opinion Pieces Understanding Preservation Funds A preservation fund is a savings vehicle into which you can transfer your retirement savings, from a retirement fund (pension or provident fund), with the aim of preserving funds for your financial well-being in retirement. This vehicle is primarily used when people resign or change jobs, which then becomes a tax-free transfer from your existing retirement fund into a preservation fund of your choice. Preservation can either be […] today22 July, 2024
insert_link Namibia June Commodity Prices Surge Across Namibia In June, the Namibia Statistics Agency reported significant price increases for basic commodities. Transport costs rose by 8.3%, coffee, tea, and cocoa by 14.4%, and fruit 13.4%. Other notable hikes included sugar and confectionery at 10.1%, and both mineral water and vegetables at 5.5%. Windhoek residents are paying more for pure sunflower oil compared to other regions, with Khomas region residents paying N$31.32 for 750ml, while other regions paid between […] today10 July, 2024
insert_link Namibia June Inflation Eases to 4.6%, Food Inflation at Lowest in a Year In June, Namibia experienced a decrease in overall inflation to 4.6%, down from 4.9 in May and marking the second lowest rate of the year. Food inflation specifically dropped to 4.0%, the lowest recorded in at least a year, based on newly released data from the Namibia Statistics Agency. However, transport inflation rose sharply to 8.3%, reaching its highest level in the past 12 months, compared to just 0.1% in […] today9 July, 2024
insert_link World New UK finance minister vows to power economy New UK finance minister Rachel Reeves vowed Monday to immediately "fix the foundations" of Britain's economy, fuelled by onshore wind power and house building, after her Labour party won power. In her first major speech since being appointed the UK's first woman chancellor of the exchequer by new Prime Minister Keir Starmer, Reeves said there was "no time to waste" on reversing "the legacy of fourteen years […] today8 July, 2024
insert_link Business / Economics FNB Namibia expects inflation to tick up slightly in June FNB Namibia expects headline inflation to rise by 0.1 to 5.0 percent year-on-year in June. The bank further anticipates a slight decrease in inflation on a month-on-month basis of 0.1 percentage points to 0.2% in June 2024, primarily influenced by a 0.7% reduction in transport costs compared to the previous month. FNB Namibia economist Helena Mboti. Mboti says the alcoholic beverages and tobacco category will significantly contribute to inflation, […] today2 July, 2024
insert_link Africa Ghana’s economic crisis was caused by government borrowing – the central bank did the best it could: economist By Emmanuel Ameyaw, Tohoku University Ghana is going through its worst economic crisis in a generation. The past two years have seen record high inflation in the country. Ghana’s central bank (the Bank of Ghana) has been criticised in some quarters for its role in the country’s economic malaise, which has hit the profitability of Ghanaian banks. The Conversation Africa’s Godfred Akoto Boafo speaks to […] today17 June, 2024
insert_link Business / Economics US inflation unchanged in May but remains higher than that of 2023 The latest US government data shows that inflation slowed last month. But the Labor Department report highlighted that prices are still higher than this time last year. Nick Harper reports for us from Washington. today13 June, 2024
insert_link Business / Economics US consumer inflation falls ahead of Fed interest rate decision By Daniel AVIS Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year. The annual consumer price index (CPI) came in at 3.3 percent in May, down 0.1 percentage point from April, the Labor Department said in a statement -- […] today12 June, 2024
insert_link Business / Economics NZ Budget 2024: tax cuts and borrowing don’t always fuel inflation – but Nicola Willis has to get the balance right LazingBee/Getty Images By Dennis Wesselbaum, University of Otago On the eve of the first budget from the National-ACT-New Zealand First coalition government, there is ongoing debate over whether borrowing while offering tax cuts could trigger a rise in inflation. Finance minister Nicola Willis has confirmed the budget will introduce “meaningful but modest” tax relief. But what impact will these cuts have on New Zealand’s economy? During the […] today5 June, 2024
