15
May
Niël Terblanché The Namibian economy is set to feel severe negative effects of geopolitical tensions after the Namibian Dollar lost significant ground against the United States Dollar after rumours surfaced last week that South Africa sold weapons to Russia to aid the country in its special military operation in Ukraine. The Namibian Dollar which is pegged to the South African Rand weakened to over N$19 against the US Dollar after remarks made by Reuben Brigety, the American Ambassador to South Africa, about the purported weapons sale last week. Brigety in a widely broadcasted interview said he would bet his life…