Author: Staff Reporter

A cargo of bulk salt departed the Port of Walvis Bay early in August and is expected to reach its destination in the United States before the end of the month. Although bulk salt volumes are relatively small, the exporting company feels their new method of loading will grow the export of salt. The carge of some 25,000 tonnes of salt, exported by Gecko Namibia, is the first to be loaded using skips that are transported on the back of a low-bed. Gecko’s Managing Director, Pine van Wyk said they decided on skip bulk loading as it proved to...

The month of June marked the sixth consecutive month during which inflation moderated and marked the first time that the headline inflation rate has been below 6% since January 2016, according to research agency, PSG Namibia. In a report PSG said inflation fell to 5.4% year on year in July, from 6.1% year on year in June 2017. Transport sub-indices and food and non-alcoholic beverages were the major drivers of lower inflation in July. Meanwhile, the headline rate is expected to decline gradually during the rest of 2017, as food inflation edges lower thanks to base effects. “We forecast...