The case in which investment scheme operator turned social activist Michael Amushelelo and a co-accused, Gregory Cloete, are charged with multiple counts of fraud has been postponed to September in the wake of a constitutional challenge of a section of the Criminal Procedure Act that was used to collect evidence in their matter. The judgement...
December 28, 2024
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December 20, 2023December 20, 2023Uncategorized
Charcoal exports contributed N$4.1 billion to forex reserves since 2009
By Freeman Ya Ngulu. The Namibian economy is benefiting greatly from biomass utilisation. The production of charcoal in particular has increased significantly and resulted in much-needed direct and indirect job opportunities as well as foreign exchange earnings. This is according to a policy brief is based on a research paper by Klaus Schade, an independent...
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August 16, 2023August 16, 2023Uncategorized
Forex traders prepare for rand swings ahead of next year’s elections
Rand traders are starting to look to next year’s South African election, betting that it will bring with it whipsaws in the currency. News24 reports that the currency’s one-year implied volatility — the options market’s estimates of price swings over the life of the contract — has shot up from three-year lows reached last month....