With significant portion of the government debt is due for repayment, government is edging closer to its largest maturity, the US$750 (N$14.3 billion) Eurobond due on 29 October 2025 which will be the largest single day debt maturity in the history of the country. According to Simonis Storm, debt servicing metrics, although stabilizing, remain above...
The inflation rate for September was 0.8%, up from 0.4% observed in the preceding month, the statistics agency announced on Tuesday. According to the country’s main gauge of inflation, the consumer price index (NCPI) analysis of the average retail prices of selected products for September revealed that consumers in Zone 1 (Kavango East, Kavango West,...
The South African rand edged lower in early trade, after tumbling as much as 2% on Tuesday. This as risk-off sentiment increased on concerns about global economic growth and a credit rating agency downgraded the U.S. This morning the rand traded at 18.3475 against the dollar , about 0.2% weaker than its previous close. Reuters...