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South Africa faces a 45% chance of slipping into recession this year as South Africa’s electricity crisis deepens, according to a survey of economists by Bloomberg this month. 

The Brief (TB) caught up with MTC’s Chief Commercial Officer Melvin Angula (MA) to get some insights on developments in the company in 2022 and what to expect in 2023, including its planned foray into the fintech space. Below is an extract from the interview. 

Golden Deeps (GED), a mining company focused on the exploration and development of vanadium, lead, and zinc projects, has announced a significant breakthrough at its Abenab project in Namibia.

Zambia, where Namibia imports some of its electricity, has ordered electricity producers to cut exports by 100MW as a way to mitigate power cuts in that country. 

The Namibia Revenue Agency (NamRA) says it may contract third-party agents, including employers, to help it recover over N$68.8 billion it is owed by taxpayers.

Zambia plans to import fuel from its oil-producing neighbour Angola in the government’s push to lower pump prices and stem supply shocks.

National power utility NamPower maintains Zambia will continue to supply uninterrupted electricity to Namibia despite the neighbouring country enduring excessive load-shedding.

The Namibia Correctional Service (NCS) is taking steps to address food insecurity in the country by expanding green initiatives at its various facilities.

Namibia’s annual inflation rate accelerated to 6.9% in December 2022, compared to 4.5% in December 2021 driven primarily by increases in the prices of transport, food, and non-alcoholic beverages, latest official figures show.

With news of a new coronavirus variant making headlines, one can only hope that we will not go into a lockdown again.