26
Oct
I understand that government cannot simply wish away the realities of international markets. Namibia imports virtually all of its petroleum products, and we therefore remain exposed to movements in international oil prices, shipping costs, geopolitical tensions and the exchange rate. But I also understand something else: when the operating environment becomes exceptionally difficult, government has a responsibility to create breathing space for the economy. That is why the decision by South Africa to temporarily reduce its fuel levy deserves serious consideration in Namibia. South Africa is not pretending that it can control the international price of oil. It is recognising that…
