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Newspaper articles on EAN events and activities.

Reckoning and Recalling – The Namibian

The state of Namibian SOEs was the topic of discussion last Thursday, at an event organised and hosted by the Economic Association of Namibia (EAN). According to public enterprise minister Leon Jooste, Namibia has more than 70 SOEs of which 22 can be regarded as hardcore commercial. The ones delivering in terms of jobs and a financial contribution can be counted on the fingers of one hand.

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Namibia’s rand quandary – Windhoek Observer

Economic Association of Namibia (EAN) Executive Director, Klaus Schade, said although he was not aware of the Government’s alternatives, it would more likely be a basket of currencies.
Schade, however, cautioned that any planned delink has to be strategic. “I’m not sure what Government alludes to, but an alternative to the one-to-one link to the ZAR could be basing the NAD on a basket of currencies, which would make it less vulnerable to one currency,” he said.

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Policy interventions place economy on credible recovery path – Schlettwein

Executive director for the Economic Association of Namibia, Klaus Schade, warned that the downgrading is expected to increase the future costs of borrowing, which will increase the allocation to statutory expenditure and reduce the funds available for other vital expenditure. However, he emphasised that borrowing costs are most likely not affected in the short-term, since the financial markets have to some extent factored in the possible downgrading. Schade also noted that the downgrading could result in foreign direct investors reviewing their investment decisions and expecting a higher return that compensates for the increased risks.

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Annual inflation lowest since 2015 – New Era

Commenting on the latest figures the Executive Director of the Economic Association of Namibia, Klaus Schade, said that price increases for services clearly remained the main driver of inflation accounting for 3.2 percentage points of the inflation of 5.2 percent. The category of ‘housing, water, electricity, etc.’ again recorded the highest inflation rate of the main twelve categories although price increases slowed down from 8.9 percent in September to 8.6 percent in October. It is the second lowest inflation rate for housing this year after 8.3 percent in August.

You can access the full article here Annual-inflation-lowest-since-2015

Calle asks we hang on tight, things to get better soon – New Era

“The budget deficit is up and we expect the public debt-to-budget ratio to remain at 44 percent, which is much higher than what was anticipated in the original budget of 42 percent in 2016 and 38 percent in 2017,” commented the executive director of the Economic Association of Namibia, Klaus Schade.

You can access the full article here Calle asks we hang on tight, things to get better soon