Levy kerosene to boost National Energy Fund – New Era
A local economic analyst has called for kerosene to be included in the petroleum levy, arguing that the exclusion of the highly combustible fuel basically means the government is inadvertently subsidising the cost of air travel. (…) However, a research associate at the Economic Association of Namibia, Klaus Schade, noted in his recent commentary on […]
Motorists spared full impact of fuel price increase – The Namibian
THE Ministry of Mines and Energy announced a fuel price increase of N$0,25 per litre for petrol and diesel countrywide, effective from 1 August 2018. The fuel price increase is a result of an increase by the same amount in fuel tax announced by finance minister Calle Schlettwein in his budget statement on 7 March […]
Namibia has chance to take lead on electric – New Era
WINDHOEK – Despite the continuation of increases in fuel prices, the latest of which came into effect on Wednesday last week, Namibia’s fuel prices remain below prices in neighbouring countries such as South Africa, Zambia and Zimbabwe…
Fuel price increase – Motorists spared the full impact
The Ministry of Mines and Energy announced a fuel price increase of NAD0,25 per litre for petrol and diesel country-wide with effect of 1 August 2018. The fuel price increase is caused by the increase in the fuel tax by the same amount as announced by the Minister of Finance in his budget statement on […]
UP, UP & AWAY The Namibian
ANALYSTS have said the fuel price hike of 25 cents a litre today will lead to increases in the prices of basic goods and services, forcing consumers to dig deeper into their pockets. (…) Economic Association of Namibia (EAN) research associate, Klaus Schade said in an interview with The Namibia that the fuel price hikes […]
Not the source, but the level of income matters
Benjamin Franklin reportedly said that there were only two things certain in life: death and taxes. Taxes have been with us for many thousand years dating back to ancient civilisations including in Africa. Taxes have been collected to finance public services ranging from safety and security (police, military) to health, education and other vital infrastructure, […]
Economy easing out of negative growth – The Namibian
FINANCE minister Calle Schlettwein is optimistic that the country’s economy will improve in the second quarter of the year, and move out of the current contraction. Speaking at a press conference on Monday, Schlettwein attributed this to the fact that the economy had recorded growth of -0,1% during the first quarter of 2018, up from […]
Extent of the public sector not fully known
Health Minister, Hon. Bernhard Haufiku, introduced amendments to the health professions laws in Parliament in order to reduce the number of council members. The announcement has shed light on an area of the public sector that is often overlooked, when talking about a leaner public service. There are not only five different health profession councils […]
Escalating fuel prices push inflation rate on upward trajectory – New Era
WINDHOEK – The Namibia Statistics Agency released Consumer Price Index (CPI) for June 2018, indicating that the inflation rate continued its upward trajectory, increasing from 3.8 percent in May to 4.0 percent in June 2018 compared to a year ago. This upward tick reflects the strongest price increases so far this year, but the inflation […]
Focus on tax evaders and not the informal economy – PDM Youth League New Era
WINDHOEK – The Popular Democratic Movement (PDM) Youth League (YL) has condemned government’s intention to step up efforts to tax the informal sector. The youth wing of PDM has called the directive “worrisome and misguided’’. “It is our view that the Namibian informal sector has not developed at the economic and technical level required to […]