insert_link Business / Economics 27 June-4 July 2024 Weekly Economics Wrap In this week's economic highlights, several key developments have shaped the financial landscape across Southern Africa and beyond. Namibia OK Foods reported the largest overall year-on-year decrease in basket cost among the seven stores surveyed by The Brief. The basket cost close to N$1100 in June last year, compared to N$984.11 this past June, marking a significant drop of 11.65%. In a move that could bolster regional fuel supply chains, […] todayJuly 4, 2024 15
insert_link Business / Economics 1st July 2024 Morning Biz News: OK Foods Cuts Costs, Rand Rallies, Oil Prices Rise, and Euro Gains Amid Political Shifts OK Foods Leads with Significant Basket Cost Reduction OK Foods has demonstrated remarkable cost management, recording the largest year-on-year decrease in basket cost among the seven stores surveyed by The Brief. The basket cost, which was close to N$1100 in June last year, has dropped by 11.65% to N$984.11 this past June. This reduction highlights OK Foods' commitment to providing value to its customers amidst challenging economic conditions. South African […] todayJuly 1, 2024 13
Namibia OK Foods Strike Ends with Salary Increase Agreement After a strike that began on May 13, due to dissatisfaction over low wages, over 100 employees of OK Foods in Rundu and workers in Nkurenkuru are set to return to work. Namibia Food and Allied Workers Union representative, Paulus Mushongo, confirmed a settlement agreement had been reached, including a salary increase of N$300 and an additional N$90 for transport allowance. Negotiations had stalled over OK Foods' initial offer of […] todayMay 24, 2024 16
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
