The Waking Crew 2.0

Catch Jarret and Deon for their early morning antics: 06:00 - 09:00

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The Coffee Break

Get that morning buzz you need, from 09:00 - 12:00

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The Hard Drive

with Karlien, for your lunch time entertainment 12:00 - 15:00

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The Headrush

End your busy day with Chops, 15:00 - 18:00

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Contact Us

Address: #28 and 30 Simpson Street, Windhoek West, Namibia
Tel: (061) 242350
Fax: (061) 242322
Whatsapp: 0818856452
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PMR Africa Award Winners
2 Diamond Arrow
5 Gold Arrow

 
 

Week in Review - 09 December 2017

This week we learnt that Namibia is a tax haven, which came as a shock to many people, not least those of us who have tax deducted from our salaries each month. The Minister of Finance was also understandably upset by the development. It turns out that it was all semantics though and the EU doesn't actually see us as a tax haven but rather as a non-tax compliant country due to us not having signed off on four agreements that Minister Schlettwein stressed were unilaterally created by the EU. The head of the European Delegation later in the week stressed that they would do everything they could to resolve the issue and have Namibia de-listed. Still with that story, the Finance Minister from South Korea, which is also on the list, also criticized the EU saying that they may be infringing on countries' tax sovereignty.
 
Still in Namibia, the country signed two loans of N$ 1 billion each with the African Development Bank for education and agricultural projects, following a weekend of horror on Namibia's roads police were calling on the public to assist in the identification of 10 people who died in one accident and whose bodies were burnt beyond recognition, and in slightly better though not quite the news many were hoping for in time for the festive season, the Bank of Namibia chose to keep the Repo rate unchanged at 6.75%.
 
In South Africa some of the biggest news was the collapse of retail giant Steinhof amid allegations of “accounting irregularities” and the resignation of long-time CEO Marcus Jooste. Also in South Africa, the so-called 'Sugar Tax' was passed and is planned to come into effect on 1 April 2018 imposing a tax of 2.1 cents per gram of sugar on all sweetened drinks. Sticking with taxes it was reported that Cape Town household could soon be paying between R45 and R60 a month as part of a drought levy to shore up the city's finances and pay for planned drought relief measures, Johannesburg was battling an outbreak of Listeriosis – a severe form of food poisoning, and the country found out just how bad the literacy crisis is when it was revealed that 78% of grade 4 learners cannot read for meaning. About the only good news for the country was that the economy was said to have recorded growth of 2% in the third quarter of the year.
 
Looking to Africa the secessionist crisis in Cameroon is deepening, angry aids activists urged Western and Central Africa to step up the fight against the disease, and activists expressed their dismay that despite the “mega-crisis” of forced migration in the DRC international aid has been slow to materialize. In some good news Switzerland announced that it will return US$321 million is assets seized from the family of former military ruler Sani Abacha, and Zimbabwe unveiled a new budget that contained a raft of cost cutting measures as well as many business and investor friendly proposals including the removal of the Mugabe-era indigenisation  law.
 
Internationally there was outrage at US President Donald Trump's decision to recognise Jerusalem as the capital of Israel and his announcement that the US Embassy in the country would be moved to that city, the ex-President of Yemen was killed in the capital, further complicating and already complex war, Venezuela announced the creation of a new virtual currency, Honduras' President finally said that he was open to a review of the contested recent election, and Britain the the EU were said to have reached a breakthrough in Brexit negotiations.
 
In other news TIME magazine named The Silence Breakers, the individuals that helped give traction to the #MeToo campaign as its 'Person of the Year' for 2017, and Australia's parliament voted overwhelmingly to legalize same-sex marriage.