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Moody’s Investor Services is scheduled to release its credit rating review for South Africa, the first of three rating decisions expected in the coming weeks, says Nedbank.

The Bank of Namibia (BoN) has declared a N$413.7 million dividend for the financial year ended 31 December 2021 to the State Revenue Fund, up from N$278.2 million declared in 2020.

Namibia’s trade within the Southern African Customs Union (SACU) has declined from a high of 53.1% of the country’s total trade in 2017 to 43% in 2021, latest figures show.

Namibia Breweries Limited (NBL)’s after-tax profit surged by 70.9% to N$292 million for the six months ended 31 December 2021 due to increased beer sales in South Africa.

Namibia’s economy rebounded from a negative growth of 7.9% recorded in 2020 to register a growth of 2.4% in 2021, the country’s Statistics Agency announced on Thursday.

The government has been urged to scrap levies and taxes on fuel products to provide relief to motorists.

South Africa’s official death toll from the coronavirus has passed the 100,000 mark, a week after the country relaxed almost all restrictions in response to a decline in new infections.

The Government Institutions Pension Fund (GIPF) has announced a 4.62% pension benefit increase, effective 1 April 2022 for all GIPF pensioners.

Namibian Breweries Limited (NBL) has shelved its barley-growing venture in the Kavango region due to problems faced by its partner, the Agricultural Business Development Agency (AgriBusDev).

Leon Jooste has resigned as Minister of Public Enterprises and Member of Parliament with effect from 31 March 2022 after handing in his resignation to President Hage Geingob on Wednesday.

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