PWC audit firm grows physical presence in Walvis Bay market
While on a trip to address the coastal business community, the Minister of Finance, Hon Carl Heinz Schlettwein found time to attend the official opening of the new PriceWaterhouse Coopers offices in Walvis Bay.
Accompanied by PWC Chief Executive, Ms Nangula Uaandja, the minister joined PWC Walvis Bay directors, Stephen Viljoen and Ansie Rossouw, for a short ceremony to unveil a brass plaque marking the official opening.
Later in the day, the minister spoke to a large group of Walvis Bay and Swakopmund business leaders during a meeting at the Atlantic Hotel. This engagement was sponsored by PWC, Standard Bank and Namibia Media Holdings.
The minister explained in some detail his rationale behind the adjustments in the recently tabled mid-year budget review, and his strategy to take the fiscus through the medium term expenditure framework.
“The low growth spell for Angola and South Africa place a squeeze on Namibia stemming from weak trade and low external demand. We are already contending with the squeeze on the potential SACU revenue, which are anticipated to decline by about 10 percentage points next year, relative to this year,” Schlettwein said.
“These dynamics crystalizes the challenges of small, open economies such as Namibia in an increasingly integrated and globalized economy. A soft landing for large trading partners often lead to a hard landing for the small economy,” he said.
Pictured are, from the left, PWC directors Stephen Viljoen and Ansie Rossouw with the Minister of Finance, Hon Calle Schlettwein and the Chief Executive of PWC Namibia, Ms Nangula Uaandja.