23
Jan
CHAMWE KAIRA South Africa’s improved trade balance and economic stability in 2024 carry significant implications for Namibia, given the strong economic linkages between the two countries. The N$150 billion trade surplus achieved by South Africa, driven by lower imports and declining oil prices, enhances its purchasing power, potentially increasing demand for Namibian exports, a Simonis Storm Securities report has said. South Africa’s reduced imports of minerals, metals, and machinery could limit Namibia’s import-driven growth, although declining oil prices may alleviate input costs for Namibia’s imported goods, the firm stated. Simonis said the strengthening of the rand, driven by improved market…