National News – Page 430 – Windhoek Observer

30 Mar

Banks dodge loan relief

ObserverNational NewsBAN, Bank of Namibia, Banks, Covid-19, Namibia Chamber of Commerce and Industry, Standard Bank

Staff Writer Namibian banks are reluctant to offer relief packages to their clients in the wake of the coronavirus pandemic as the country battles to contain any possible transmission from the 11 confirmed cases, despite banks in other countries including South Africa having done so. This comes amid calls for banks operating in Namibia, which have been recording multimillion-dollar profits over the many years, to assist their clients during this period. In South Africa, Standard Bank announced that it will offer a three-month payment holiday for students with loans and small businesses with a turnover of less than N$20 million…

Africans vs social distancing

ObserverNational NewsAfricans, Covid-19, social distancing, World Health Organization

As we reach day 3-4 in our national lockdown, one of the logistical ‘gaps’ to emerge is the Namibian understanding of social spacing vs that of the world health officials who have made the global call for it. While our government has been exposed as lacking in pre-planning, situational needs anticipation and implementation capacity to properly enforce the lockdown, at least they are trying. Though, protecting against a virus that can stay alive on surfaces for days and hang in the air for minutes, our kind of ‘trying’ is a weak link in the chain. What sense does it make…

What happens the day after?

ObserverNational NewsCovid-19

The CEO of the Government Insurance Pension Fund (GIPF), David Nuyoma made a comment this week that needs to be repeated. He said, “The GIPF will not be making any rushed investment decisions [due to the virus].” This wisdom needs to be injected into our Covid-19 mitigation ideas and plans right now. Programs must not be entered in a rush of ‘doing something’ about Covid-19. When the virus emergency passes, as it eventually will, the after crisis recovery could be worse for the already-stressed Namibian economy. When the Titanic hit the iceberg, the crew, in its haste to ‘save as…