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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 […]

Fuel increases hit consumer pockets hard – The Namibian

THE increase in fuel prices is driving up the prices of basic goods and services at a time Namibians are also being confronted by increased municipal rates and taxes, straining already stretched incomes even further.  According to the latest figures of the Namibia Statistics Agency (NSA), annual inflation stood at 4% in June 2018, up […]

June 2018 inflation rate continues upward trajectory

The Namibia Statistics Agency has released the Consumer Price Index (CPI) for June 2018 on 12 July 2018. The CPI is being used to calculate the monthly (compared to the previous month) and year-on-year (compared to the same month last year) inflation rates. The inflation rate continued its upward trajectory increasing from 3.8% in May […]