insert_link Business / EconomicsShafudah Announces Spending Adjustments in Mid-Term Budget Review Finance Minister Ericah Shafudah tabled the Mid-Term Budget Review before Parliament, providing an update on the local economic progress and key fiscal adjustments. The proposed changes to the 2025 Appropriation Act aim to realign government spending and ensure adequate funding for national priorities through the rest of the 2025/26 financial year. Simonis Storm economist Almandro Jansen: today22 October, 2025
insert_link NamibiaErongo governor pushes for permanent offices as utility plans new electricity credit system Erongo Regional Council (Photo: Isabel Bento) NAMPA Erongo governor Natalia |Goagoses has renewed calls for the construction of a permanent government office park, warning that the regional council’s reliance on rented facilities is draining public resources. Currently, the council spends about N$100,000 a month on office rentals. According to the Namibia Press Agency (NAMPA), in the proposed 2025/26 budget, |Goagoses said that figure is expected to more than double to […] today4 September, 2025
insert_link AfricaSACU revenue at risk as South Africa scrambles to renegotiate with U.S. Namibia is likely to feel the economic aftershocks of the 30% tariff imposed by the United States on South African goods, according to economist Dr. Omu Matundu, who says the move could contract South Africa’s export market and dent Namibia’s revenue from the regional customs pool. South Africa, Namibia’s largest trading partner and the continent’s most industrialised economy, has seen key sectors such as automotive and agriculture directly targeted by […] today1 August, 2025
insert_link Business / EconomicsJobless Rate Surge Poses Tax Threat A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found. today14 July, 2025
insert_link Business / EconomicsInterview: High Unemployment Puts Pressure on Revenue, Says Sheehama Business and economics expert Josef Kefas Sheehama says the country’s rising unemployment rate is putting mounting pressure on tax collection, public finances, and overall economic stability. In an exclusive interview, Sheehama explained that while the official unemployment rate climbed from 33.4% in 2018 to 36.9% in 2023, the real figure could be much higher. “If we use what we call the standard mean, unemployment could actually stand at 60%,” he […] today14 July, 2025
insert_link South AfricaIn South Africa, SARS Commissioner urges Strengthening Tax Collection, Not Hikes South African Revenue Service Commissioner, says raising tax revenue should start with strengthening collection capacity, and not hiking taxes. Edward Kieswetter addressed a panel discussion at a G20 Finance Trackside event in Cape Town on Wednesday. Last week, Godongwana was unable to table the national budget, over disagreements within the government of national unity on a proposed two-percent value-added tax hike. today27 February, 2025
insert_link Business / EconomicsIn S.A, COPE Urges Godongwana to Prioritize Economic Growth in Budget To South Africa now, where the Congress of the People is calling on Finance minister, Enoch Godongwana, to deliver a budget that prioritises heightened economic growth. COPE’s, Pake Dikgetsi, says they are warning that austerity measures targeting social services, while billions are lost to corruption will push the country further into a crisis Meanwhile, the GOOD Party Secretary-general, Brett Herron, says as things stand, around 18-million South Africans are poor […] today19 February, 2025
