23 October-7am news

The Bank of Namibia has raised the repo rate by 25 basis points to 7%. The move was expected as consumer prices rose by 0.3% in September this year, with inflation coming in at 5.4%, up from 5% in August 2026 and 3.5% in September 2025. The central bank uses the repo…

Former Finance Minister Calle Schlettwein has proposed biometric verification as a possible measure to strengthen controls within the Public Service Employees Medical Aid Scheme. The scheme faces mounting financial pressure, with annual costs of about N$3.9 billion and government seeking another N$535 million, as concerns grow over rising healthcare expenses and…

The Bank of Namibia’s Monetary Policy Committee is expected to announce its latest interest rate decision today, with the repo rate currently at 6.75%, compared with South Africa’s 7.25%. The decision is being closely watched for its potential impact on borrowing costs, inflation and the exchange rate. Simonis Storm Securities…

# Bank of Namibia’s Latest Rate Call Could Affect Consumers and Businesses.... # Schlettwein Backs Biometric Checks to Curb Medical Aid Abuse.... # Job Creation and Technology Transfer on President’s Moscow Agenda ..... # South Africa’s Local Government Association Urges Voters to Choose Accountable Leaders ......PLUS # Israel Election Leaves…

#Economist Shares Expectations Ahead of Repo Rate Announcement.... # PSEMAS Faces Growing Financial Pressure Amid Abuse Concerns.... # President Arrives in Moscow for Russia–Africa Summit ..... # South Africa’s Lamola Condemns Attacks on Migrants ......PLUS # Wall Street Rises as Technology Stocks Rally