Regering

Rand delinking talks discouraged

Delinking a pipe dream for now

Despite standing on the cusp of major oil discoveries, Namibia has been advised to pause any thoughts of delinking from the South African rand.

Ogone Tlhage

4 Weke Gelede - 2024-04-12 00:00:00

Banking experts have poured cold water on suggestions that Namibia delink its currency from the South African rand, saying that while oil and gas discoveries may propel the economy ...

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Katima Mulilo: 13° | 33° Rundu: 13° | 33° Eenhana: 14° | 34° Oshakati: 16° | 33° Ruacana: 17° | 34° Tsumeb: 17° | 31° Otjiwarongo: 15° | 31° Omaruru: 18° | 32° Windhoek: 16° | 28° Gobabis: 16° | 30° Henties Bay: 14° | 20° Wind speed: 24km/h, Wind direction: S, Low tide: 10:44, High tide: 04:42, Low Tide: 22:59, High tide: 17:11 Swakopmund: 15° | 17° Wind speed: 31km/h, Wind direction: SW, Low tide: 10:42, High tide: 04:40, Low Tide: 22:57, High tide: 17:09 Walvis Bay: 16° | 23° Wind speed: 36km/h, Wind direction: S, Low tide: 10:42, High tide: 04:39, Low Tide: 22:57, High tide: 17:08 Rehoboth: 16° | 29° Mariental: 18° | 30° Keetmanshoop: 13° | 29° Aranos: 18° | 30° Lüderitz: 13° | 27° Ariamsvlei: 10° | 25° Oranjemund: 13° | 20° Luanda: 25° | 28° Gaborone: 15° | 31° Lubumbashi: 14° | 30° Mbabane: 16° | 25° Maseru: 11° | 25° Antananarivo: 13° | 23° Lilongwe: 16° | 28° Maputo: 18° | 29° Windhoek: 16° | 28° Cape Town: 13° | 17° Durban: 19° | 24° Johannesburg: 17° | 26° Dar es Salaam: 23° | 31° Lusaka: 17° | 30° Harare: 14° | 28° Currency: GBP to NAD 23.01 | EUR to NAD 19.83 | CNY to NAD 2.55 | USD to NAD 18.4 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3.58 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.96 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1429.05 | USD to ZAR 18.4 | USD to ZMW 27.25 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77539.13 Up +0.47% | Namibian Stock Exchange (NSX) Overall Index 1733.43 Up +1.10% | Casablanca Stock Exchange (CSE) MASI 13478.23 Up +0.44% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 366.97/OZ UP +0.87% | Copper US$ 4.68/lb UP +2.53% | Zinc US$ 2 957.90/T UP 1.34% | Brent Crude Oil US$ 84.59/BBP DOWN -0.0009 | Platinum US$ 988.92/OZ UP +0.37% Sport results: Weather: Katima Mulilo: 13° | 33° Rundu: 13° | 33° Eenhana: 14° | 34° Oshakati: 16° | 33° Ruacana: 17° | 34° Tsumeb: 17° | 31° Otjiwarongo: 15° | 31° Omaruru: 18° | 32° Windhoek: 16° | 28° Gobabis: 16° | 30° Henties Bay: 14° | 20° Wind speed: 24km/h, Wind direction: S, Low tide: 10:44, High tide: 04:42, Low Tide: 22:59, High tide: 17:11 Swakopmund: 15° | 17° Wind speed: 31km/h, Wind direction: SW, Low tide: 10:42, High tide: 04:40, Low Tide: 22:57, High tide: 17:09 Walvis Bay: 16° | 23° Wind speed: 36km/h, Wind direction: S, Low tide: 10:42, High tide: 04:39, Low Tide: 22:57, High tide: 17:08 Rehoboth: 16° | 29° Mariental: 18° | 30° Keetmanshoop: 13° | 29° Aranos: 18° | 30° Lüderitz: 13° | 27° Ariamsvlei: 10° | 25° Oranjemund: 13° | 20° Luanda: 25° | 28° Gaborone: 15° | 31° Lubumbashi: 14° | 30° Mbabane: 16° | 25° Maseru: 11° | 25° Antananarivo: 13° | 23° Lilongwe: 16° | 28° Maputo: 18° | 29° Windhoek: 16° | 28° Cape Town: 13° | 17° Durban: 19° | 24° Johannesburg: 17° | 26° Dar es Salaam: 23° | 31° Lusaka: 17° | 30° Harare: 14° | 28° Economic Indicators: Currency: GBP to NAD 23.01 | EUR to NAD 19.83 | CNY to NAD 2.55 | USD to NAD 18.4 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3.58 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.96 | USD to AOA 834.06 | USD to BWP 13.6 | USD to EGP 47.35 | USD to KES 130.98 | USD to NGN 1429.05 | USD to ZAR 18.4 | USD to ZMW 27.25 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77539.13 Up +0.47% | Namibian Stock Exchange (NSX) Overall Index 1733.43 Up +1.10% | Casablanca Stock Exchange (CSE) MASI 13478.23 Up +0.44% | Egyptian Exchange (EGX) 30 Index 26003.16 Up +0.05% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 366.97/OZ UP +0.87% | Copper US$ 4.68/lb UP +2.53% | Zinc US$ 2 957.90/T UP 1.34% | Brent Crude Oil US$ 84.59/BBP DOWN -0.0009 | Platinum US$ 988.92/OZ UP +0.37%