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Economic growth slows to 3.5% year on year

The Namibia Statistics Agency (NSA) released its gross domestic product (GDP) report for Quarter 3 of 2015. Real economic growth slowed to just 3.5% year-on-year during the period from an upwardly revised estimate of 6% year-on-year for the second quarter the GDP numbers showed. Commenting on the results, analysts PSG …

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De Beers to Cut 2016 production amid Anglo American overhaul

De Beers expects diamond production to fall to between 26 and 28 million carats in 2016 from 29 million carats this year as the mining giant outlined its view of the ‘stock crisis’ affecting the industry. The decline in rough and polished diamond prices has stemmed from a build-up of …

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Up down copper prices not the same as stop start factories

Copper, the commodity, is fondly known by economists, market analysts, traders and investors alike as doctor copper. It is the one commodity that is ubiquitous in its use, and pervasive in its manifold industrial applications from heavy industry to sophisticated electronics. Copper reflects the well-being of any industrialised economy. In …

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