No word on economic advisory council
No word on economic advisory council

No word on economic advisory council

Ogone Tlhage
The Presidency said it will only announce the composition of a new Presidential Economic Advisory Council when it is ready to do so.

This is according to its press secretary Albertus Aochamub who responded to Namibian Sun's questions on matters related to the council, which is tasked with advising the Head of State on economic challenges facing the country.

According to Aochamub, the work of the council was well served by a member of President Hage Geingob's A-team, John Steytler.

Steytler currently serves as Geingob's economic advisor.

“On the council, we will advise when we are ready to make any announcements on future relevance, form, structure, composition and purpose. For now the president and the administration are both very well served by [presidential economic advisor] John Steytler who is doing a sterling job in that portfolio,” said Aochamub.

Aochamub also defended Steytler's position by pointing out that previous economic advisors had always been utilised in conjunction with advisory councils that served on previous administrations.

“State House and the previous presidents have always had the services of an economic advisor since independence. The advisory council existed side-by-side with those economic advisors in place. In that sense your question of Dr Steytler's position as the president's economic advisor is irrelevant,” said Aochamub, providing context to Steytler's position.

He also did not provide an update into the workings of the economic advisory council established by former president Hifikepunye Pohamba in 2013.

President Geingob has not composed an advisory council of his own yet, apart from his A-team which he assembled after taking office.

Geingob also established a presidential advisory council comprising of former presidents Pohamba and Nujoma.

Pohamba's economic advisory council was ironically headed by Steytler and included business heavyweights such as Koos Brandt, now First Lady Monica Kalondo, Ebson Uanguta (Bank of Namibia), Osmund Mwandemele (University of Namibia), Raimar von Hase (Karakul Board of Namibia), Herbert Jauch (labour consultant), Audrin Mathe (New Era Publications) and Seretta Lombaard (PriceWaterhouseCoopers).



OGONE TLHAGE

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Namibian Sun 2024-09-21

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LaLiga: Deportivo Alaves 2 vs 1 Sevilla | Leganés 0 vs 2 Athletic Club | Real Betis 2 vs 1 Getafe SerieA: Hellas Verona 2 vs 3 Torino | Cagliari 0 vs 2 Empoli European Championships Qualifying: Stoke City 1 vs 3 Hull City English Championship: Stoke City 1 vs 3 Hull City Katima Mulilo: 20° | 36° Rundu: 22° | 37° Eenhana: 18° | 38° Oshakati: 18° | 37° Ruacana: 18° | 36° Tsumeb: 22° | 35° Otjiwarongo: 15° | 33° Omaruru: 15° | 35° Windhoek: 15° | 31° Gobabis: 12° | 32° Henties Bay: 11° | 21° Wind speed: 18km/h, Wind direction: NW, Low tide: 07:11, High tide: 13:35, Low Tide: 19:41, High tide: 01:54 Swakopmund: 13° | 15° Wind speed: 21km/h, Wind direction: N, Low tide: 07:09, High tide: 13:33, Low Tide: 19:39, High tide: 01:52 Walvis Bay: 11° | 20° Wind speed: 21km/h, Wind direction: N, Low tide: 07:09, High tide: 13:32, Low Tide: 19:39, High tide: 01:51 Rehoboth: 11° | 32° Mariental: 12° | 34° Keetmanshoop: 11° | 31° Aranos: 11° | 33° Lüderitz: 13° | 21° Ariamsvlei: 10° | 30° Oranjemund: 14° | 30° Luanda: 22° | 24° Gaborone: 12° | 25° Lubumbashi: 19° | 35° Mbabane: 8° | 12° Maseru: 4° | 17° Antananarivo: 11° | 32° Lilongwe: 19° | 30° Maputo: 14° | 22° Windhoek: 15° | 31° Cape Town: 11° | 24° Durban: 13° | 18° Johannesburg: 6° | 19° Dar es Salaam: 23° | 30° Lusaka: 19° | 29° Harare: 13° | 28° Currency: GBP to NAD 23.26 | EUR to NAD 19.53 | CNY to NAD 2.48 | USD to NAD 17.5 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.16 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.91 | USD to AOA 927.77 | USD to BWP 13.17 | USD to EGP 48.46 | USD to KES 128.48 | USD to NGN 1593.37 | USD to ZAR 17.41 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1831.97 Down -0.38% | Casablanca Stock Exchange (CSE) MASI 14246.86 Up +0.44% | Egyptian Exchange (EGX) 30 Index 30937.69 Up +1.96% | Botswana Stock Exchange (BSE) DCI 9651.25 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 622.23/OZ UP +1.35% | Copper US$ 4.31/lb DOWN -0.0032 | Zinc US$ 2 884.80/T DOWN -0.23% | Brent Crude Oil US$ 74.74/BBP DOWN -0.0019 | Platinum US$ 976.09/OZ DOWN -0.0067 Sport results: LaLiga: Deportivo Alaves 2 vs 1 Sevilla | Leganés 0 vs 2 Athletic Club | Real Betis 2 vs 1 Getafe SerieA: Hellas Verona 2 vs 3 Torino | Cagliari 0 vs 2 Empoli European Championships Qualifying: Stoke City 1 vs 3 Hull City English Championship: Stoke City 1 vs 3 Hull City Weather: Katima Mulilo: 20° | 36° Rundu: 22° | 37° Eenhana: 18° | 38° Oshakati: 18° | 37° Ruacana: 18° | 36° Tsumeb: 22° | 35° Otjiwarongo: 15° | 33° Omaruru: 15° | 35° Windhoek: 15° | 31° Gobabis: 12° | 32° Henties Bay: 11° | 21° Wind speed: 18km/h, Wind direction: NW, Low tide: 07:11, High tide: 13:35, Low Tide: 19:41, High tide: 01:54 Swakopmund: 13° | 15° Wind speed: 21km/h, Wind direction: N, Low tide: 07:09, High tide: 13:33, Low Tide: 19:39, High tide: 01:52 Walvis Bay: 11° | 20° Wind speed: 21km/h, Wind direction: N, Low tide: 07:09, High tide: 13:32, Low Tide: 19:39, High tide: 01:51 Rehoboth: 11° | 32° Mariental: 12° | 34° Keetmanshoop: 11° | 31° Aranos: 11° | 33° Lüderitz: 13° | 21° Ariamsvlei: 10° | 30° Oranjemund: 14° | 30° Luanda: 22° | 24° Gaborone: 12° | 25° Lubumbashi: 19° | 35° Mbabane: 8° | 12° Maseru: 4° | 17° Antananarivo: 11° | 32° Lilongwe: 19° | 30° Maputo: 14° | 22° Windhoek: 15° | 31° Cape Town: 11° | 24° Durban: 13° | 18° Johannesburg: 6° | 19° Dar es Salaam: 23° | 30° Lusaka: 19° | 29° Harare: 13° | 28° Economic Indicators: Currency: GBP to NAD 23.26 | EUR to NAD 19.53 | CNY to NAD 2.48 | USD to NAD 17.5 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.16 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.91 | USD to AOA 927.77 | USD to BWP 13.17 | USD to EGP 48.46 | USD to KES 128.48 | USD to NGN 1593.37 | USD to ZAR 17.41 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1831.97 Down -0.38% | Casablanca Stock Exchange (CSE) MASI 14246.86 Up +0.44% | Egyptian Exchange (EGX) 30 Index 30937.69 Up +1.96% | Botswana Stock Exchange (BSE) DCI 9651.25 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 622.23/OZ UP +1.35% | Copper US$ 4.31/lb DOWN -0.0032 | Zinc US$ 2 884.80/T DOWN -0.23% | Brent Crude Oil US$ 74.74/BBP DOWN -0.0019 | Platinum US$ 976.09/OZ DOWN -0.0067