National

The Financial Literacy Initiative (FLI) says it remains concerned about the high indebtedness of Namibians, a position worsened by their attitude towards spending.

Electricity Control Board (ECB) Acting Chief Executive Officer,  Rojas Manyame, says the country’s new net metering rules, which were gazetted last month, are now at the implementation stage.
A bonus at the end of the year is a pleasant addition to one’s salary, during a time when one spends the most money.
Namibia’s current account deficit remains high, although improving both on a year-on-year and quarterly bases, attributed primarily to a declining merchandise trade deficit.

Money supply contracts - BoN

The Bank of Namibia (BoN) says the growth in the country’s money supply (M2) contracted both year-on-year and quarter-and-quarter at the end of the third quarter of 2016, which stemmed from a decline in corporate sector deposits, coupled with moderated growth in the credit extended to the private sector and households.
NamPost and the South African Post Office (SAPO) are due to terminate their agreement regarding the issuance of postal orders, starting early next year, citing a lack of viability of the service.
Pancontinental Namibia has received a demand for more than N$7 million from Tullow Oil, in connection with the costs it incurred during the time it operated Namibian licence PEL 37.
Pancontinental said on Monday that it had received the cash demand on 16 December.
business 23 DecemberrUncertainty continues to stalk the local uranium sector, as prices remain depressed, reaching a 13-year low at the beginning of this month, when the mineral resource traded at around US$17,75 per pound.

imf 19 decFrench judges found International Monetary Fund (IMF) chief Christine Lagarde guilty of negligence on Monday for failing to challenge a state arbitration payout to a businessperson in 2008 when she was French finance minister, but they did not punish her.

Xwama restaurant owner, Twapewa Kadhikwa, has been appointed as a director of Bannerman Mining Resources (Namibia) (Pty) Ltd.
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