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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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

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Business / Economics

30 January-6 February 2025 Weekly Economics Wrap: Tourism, Telecommunications, and Global Economic Trends

The local hospitality industry in Namibia is undergoing a significant shift as several major hotels transition from fixed rates to dynamic pricing. This move, influenced by international trends and increasing operational costs, has raised concerns about the impact on domestic tourism, already facing economic challenges. A recent survey by The Brief revealed that fluctuating rates could affect local tourism, making it difficult for many Namibians to access affordable accommodations. This […]

today6 February, 2025 24

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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 17

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South Africa

South Africa’s says it cannot yet determine its stance on a common BRICS currency

  South Africa's Deputy president Paul Mashatile says his country cannot yet determine its stance on a common BRICS currency. Highlighting the country’s reliance on the US dollar, Mashatile emphasised the need for caution in trade decisions. He noted that while discussions continue, South Africa must prioritise its economic stability before committing to such significant shifts:  

today22 January, 2025 39

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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 23

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Business / Economics

SA’s Ramaphosa responds to Donald Trump’s threats

South Africa’s President, Cyril Ramaphosa says the country will facilitate diplomatic talks with US president-elect Donald Trump, rather than engage in social media clashes over bilateral matters. This comes after Trump threatened to impose 100 percent tariffs on BRICS countries if they were to create a currency rival to the US dollar. Ramaphosa says the G20 presidency will see South Africa work closely with the US.    

today2 December, 2024 26

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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 23

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Business / Economics

Potential Global and Namibian Economic Impacts of a Trump 2.0 Presidency

    Theo Klein, an economist from Oxford Economics Africa in South Africa, warns that a second Trump presidency may negatively affect global markets, leading to higher inflation, interest rates, a stronger US dollar, and suppressed oil prices. For Namibia, the potential impacts include a slower interest rate cutting cycle and rising inflation as discussed by Klein alongside factors that could affect Namibia's economy.

today21 November, 2024 27

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Business / Economics

7 October 2024 Morning Biz News: Economic Activity Slows in Namibia Amid Currency Adjustments and Global Concerns

Business Registrations Decline in Namibia Economic activity in Namibia experienced a slowdown in the second quarter of 2024, with business registrations falling by 34% compared to the same period in 2023, according to data from the Bank of Namibia, as reported by The Brief. This downturn was evident in both close corporations, which saw a significant drop of 37.7%, and private companies, which recorded an 8.4% year-on-year decrease. The decline […]

today7 October, 2024 27

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Business / Economics

29 August 2024 Morning Biz News: Namibian Oil Reserves Boost Local Bonds; MTN’s New Appointments; Dollar Steady; Nvidia Surges

  Namibian Oil Reserves Drive Local Bond Index Surge The discovery of substantial crude oil reserves in Namibia has ignited interest in Namibian assets, notably boosting an index fund tracking local government bonds. The Exchange Traded Fund, listed on both the Namibian and South African stock exchanges, has surged over 20% in U.S. dollar terms since Galp's announcement in April of the Mopane field potentially holding at least 10 billion […]

today29 August, 2024 27