South African Rand

With no money, choices are limited

There is no doubt that auctioning fishing quotas is a step backwards in the government’s stated commitment since independence to Namibianise utilization of natural resources. Selling fishing quotas to the highest bidder regardless of where that bidder comes from, is not the optimal solution, but right now, it might be one of the only solutions left. With no money, choices are limited. Aspirations of complete black empowerment and national self-sufficiency have been overtaken by realities. Money is needed now. One can point to many causes that have led the country to this point. Drought, recession, the falling South African Rand,…
Read More