17
Apr
Martin Endjala With the prevalent high inflation, workers unions are now contemplating approaching employers for wage negotiations for their members. This is in light of the repo rate, expected to be at 25 basis points. This week, the Bank of Namibia will pronounce itself on the matter. According to a report by Simonis Storm issued last Friday, the Bank of Namibia is expected to hike the repo rate by 25 basis points each in their 19 April and 14 June 2023 meetings, translating to a repo rate of 7.5 percent by mid-2023. The Windhoek Observer has, in the meantime spoken…