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

SARB

7 Results / Page 1 of 1

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Business / Economics

24 April Morning Biz News: Namibia’s Exchange Control Policies Pose Challenges to Oil and Gas Sector Expansion

The Brief reports that Higino Mutemba, Head of Oilfield Services at RMB, has raised concerns about Namibia's stringent exchange control policies potentially hindering the country's ambitious plans for its burgeoning oil and gas sector. Despite Namibia's efforts to regulate foreign currency flows, Mutemba warns that these policies could deter international investors, drawing attention to the difficulties encountered in repatriating funds from other African nations. Namibia has been actively seeking to […]

todayApril 24, 2024 37

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Business / Economics

Bank of Namibia Monetary Policy Committee Announcement Set for April 17

The upcoming Bank of Namibia Monetary Policy Committee announcement is slated for April 17. Notably, the Bank of Namibia's most recent interest rate decision maintained the Repo Rate at 7.75 percent. In comparison, the South African Reserve Bank's repo rate presently sits at 8.25 percent. Economist Robert McGregor from Cirrus Capital provided insights into the matter.  

todayApril 16, 2024 41

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South Africa

South African Federation of Trade Unions is not surprised by the Reserve Bank’s Monetary Policy Committee’s decision to leave the repo rate unchanged

The South African Federation of Trade Unions is not surprised by the Reserve Bank’s Monetary Policy Committee’s decision to leave the repo rate unchanged at 8.25-percent. This is the fourth hold since May last year. Saftu’s spokesperson, Trevor Shaku, says it was clear that the committee was going to leave the repo rate unchanged, precisely because they operate by incentivising those who trade in money to hold onto Rands, to […]

todayJanuary 26, 2024 22

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Business / Economics

South African Reserve Bank Keeps Repo Rate Unchanged, BoN Likely to Follow Suit

The South African Reserve Bank has decided to maintain the repo rate at 8.25%, with the prime lending rate at 11.75%. The Bank of Namibia, usually aligned with the SARB to uphold the currency peg, is expected to follow suit. Currently, Namibia's repo rate is at 7.75%. The BoN's upcoming monetary policy meeting on 14 February will provide further insights. Insights from Salomo Hei, Managing Director of High Economic Intelligence.

todayJanuary 26, 2024 17

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South Africa

S.Africa inflation drops for second consecutive month

The monthly inflation rate in South Africa eased again in December, dropping 0.4 percentage points to 5.1 percent as food price hikes slowed, official data showed Wednesday. The average inflation rate for 2023 was 6.0 percent, 0.9 percentage points lower in 2022 and matching the upper limit of the central bank's official target range, national statistics agency StatsSA said. "Inflation was relatively hot in the first five months of 2023 […]

todayJanuary 24, 2024 24

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Business / Economics

South Africa’s consumer inflation increases to 5.9-percent in October

South Africa’s annual consumer inflation increased for a third consecutive month in October, bordering on the upper limit of the South African Reserve Bank’s inflation target range. The headline rate was 5.9 percent, up from 5.4 percent in September. The consensus among economists before the inflation number was that the Reserve Bank will keep rates on hold when it announces its decision tomorrow.

todayNovember 22, 2023 6

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