Month: August 2018

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Upward pressure expected to remain as inflation continues to rise

WINDHOEK - Continuous upward pressure is expected on inflation, mostly owing to the rising fuel prices, the most recent of which was a 25 cents per litre increase in August, attributed to the adjustment of the fuel tax in August. Although international oil prices have eased slightly, the prevailing sentiment is that the depreciation of the Namibia Dollar will increase the cost of oil in domestic currency which could result in further under-recoveries, meaning the actual costs of fuel are still higher than the pump price.

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Jail terms and fines for Oranjemund pyramid schemers

WINDHOEK – Tears of joy and sorrows, along with hugs and kisses, were the order of the day when three people convicted of 513 counts of fraud, contravening the Banking Institutions Act and Contravening the Companies Act were sentenced to different terms of imprisonment and fines yesterday by Windhoek High Court Judge Alfred Siboleka.

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Namibian problems require young brilliant minds

KEETMANSHOOP - The challenges facing Namibia requires brilliant young minds to solve and it is up to young people to come up with solutions to these problems, said Sea Flower’s General Manager of Operations Inocencio Verde. Verde pointed to the current economic situation, saying as bad as it may be, this is supposed to bring the best crops of individuals to the front, individuals that will come up with solutions to the current situation instead of waiting on government to bring about solutions.

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Education explains new school curriculum

WINDHOEK - As of next year, the new school curriculum for junior and senior secondary schools would have pupils who pass Grade 8 this year entering Grade 9 where they would from now on sit for the Junior Secondary school examinations. The new curriculum makes Grade 9 certificates equivalent to the current Grade 10 certificate.

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Balanced policies needed to improve Namibia’s rating

WINDHOEK - Namibia needs smart policies that balance the need to address the major social challenges of poverty, inequality and unemployment, coupled with having to remain attractive to domestic and foreign investors, analysts and economists said this week. Such policies require a continuation of the close cooperation between the public and private sectors, which if implemented effectively will eventually boost the country’s international credit rating.

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Namibia welcomes SADC presidents

WINDHOEK – Heads of state and government of the Southern African Development Community (SADC) arrived yesterday for the 38th SADC Summit. The President of Seychelles, Danny Faure, was one of the first presidents to touch down at Hosea Kutako International Airport, followed by South African President and outgoing SADC Chairperson, Cyril Ramaphosa, two hours later. Soon after Ramaphosa, Lesotho Prime Minister Tom Thabane also touched down. He was followed by Botswana’s President Mokgweetsi Masisi.