Namibian President Hage Geingob said in an interview, “we have to consider all the options, but after having considered that we still think that backing one-on-one with the rand is the best option,” Geingob was attending the Horasis Global Meeting.
Most of Namibia’s trade is with South Africa and its companies, such as banks FirstRand Ltd. and Nedbank Group Ltd., are also listed on the Windhoek exchange. Prospects for Namibia’s economy are improving after a two-year slump — its first ever back-to-back annual contractions — despite signs South Africa’s acceleration from weak expansion may be delayed.
The government is seeking to diversify its energy sources, including by bringing in solar and wind plants, he said.
Surprised(not really), that the ANCorrupt, hasn't called RandrANC(i)d .
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