Monthly Archives: October 2017

October 2017

Interest rates to stay put – repo rate maintained at 6.75%

By |2018-03-12T21:25:16+00:0025th October 2017|

by Intern   The Bank of Namibia maintained the repo rate unchanged at 6.75%, Governor of the Bank, Iipumbu Shiimi said on Wednesday.   The Monetary Policy Committee took the decision following a review of global, regional and domestic economic and financial developments.   “This level is deemed appropriate to continue supporting domestic economic growth, while maintaining [...]

Headline inflation sends disturbing signal of underlying inflationary pressures continuing

By |2018-03-13T08:17:54+00:0012th October 2017|

by Daniel Steinmann   Although one month is too short a period to determine a trend, headline inflation for September 2017 surprised on the upside rising by twenty basis points to 5.6% compared to August and July when monthly inflation, measured year on year, in both months stabilised at 5.4%. However, compared to September 2016 when headline [...]

SAFLAND RUGBY SEVENS TOURNAMENT LAUNCHED

By |2018-03-13T08:18:51+00:0011th October 2017|

by Kavii Vezemburuka   The third edition of the country’s premier rugby sevens tournament - the Safland Sevens - was launched in Windhoek yesterday and has been slated for the weekend of the 10th and 11th November 2017 in Swakopmund The tournament, which is in its third year, will once again see African sevens outfits in [...]

DUNES MALL TO OPEN NOVEMBER 2017

By |2018-03-13T08:19:44+00:009th October 2017|

by Madelaine Laubscher   The construction of the Dunes Mall development will comence shortly, after the development site handover yesterday between Safland Property Group and Afrideca Construction.