The whole time change thing has caught the attention of many in Namibia and I suppose that is a good thing. But, my goodness, with the walls crumbling down around us on so many bread-and-butter, life-and-death issues, why in the world are we wasting so much energy on time change?
When we talk about corruption, the land issue and mismanagement problems in Namibia, these accusations are always focused on black people in political office, local Government or businesses. We reject this limited scope. Failure to fully identify a problem means failure to come up with viable solutions.
The cost of servicing Namibia’s foreign debt has jumped from N$875 million to N$916 million over the past 10 days as the weakening of the local currency pegged to the rand continues to be felt following the downgrade of South Africa to junk status by international ratings agencies. The country’s exchange rate has weakened from N$/US$13,09 during the budget speech in February to N$/US$ 13,70.
Lately, the issue of abortion is being openly and reasonably debated in Namibia. The recent horrifying statistic of over 7,335 abortions recorded at hospitals countrywide between 1 January and 31 December last year, provoked this reaction. What a sad note on which to start an important national debate.
Local economists say that Namibia has been in recession since the third quarter of last year, as confirmed by the release of the 2016 preliminary national accounts this week, which show that the domestic economy recorded a marginal growth of 0,2 percent last year, compared to 6,1 percent in 2015. The statistics released by the Namibia Statistics Agency (NSA), showed that the drop in growth was led by a 10,4 percent contraction in secondary industries and a -2,4 percent growth in primary industries, which implied that the recession intensified over the last quarter of 2016.