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EDITORIAL: It’s time to reclaim our country

Both the 2019 and 2020 elections were preceded by big talks of reviving the economy and creating jobs. Ahead of the 2024 general election, this chorus is even louder.

People may crave land and other things promised during electioneering, but unless we have a healthy and growing economy, nothing else will matter.

The average Namibian wants a job first before owning land – naturally, because people need to eat first, and that requires financial resources.

Land is important to have, but without the means to make it productive, it's as good as not having a speck.

Sloganeering and political lies aside, it’s time we bounce back from this quandary of economic mess and place the economy on a proper trajectory of progress. Numerous projections that the economy will grow by this or that percent have proven to be way over the top and, simply put, fake news.

The economy has been in the doldrums since 2016 and the current administration has reached its expiration date – with only five months left on its lifespan. The focus now is on the incoming government, whomever will lead it. A task of monumental proportions awaits them.

Frankly, it has become very depressing for a rating agency to consistently downgrade our economic outlook – and they have been spot on every single time.

When elections are over, politicking should be too. Let’s discard the pretentious, vote-seeking, fake-smile antics and roll up our sleeves to do the actual work necessary to save the country from further ruin.

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Namibian Sun 2024-10-19

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LaLiga: Deportivo Alaves 2 vs 3 Real Valladolid European Championships Qualifying: Leeds United 2 vs 0 Sheffield United English Championship: Leeds United 2 vs 0 Sheffield United Katima Mulilo: 22° | 41° Rundu: 20° | 40° Eenhana: 20° | 37° Oshakati: 19° | 36° Ruacana: 20° | 36° Tsumeb: 20° | 35° Otjiwarongo: 15° | 32° Omaruru: 15° | 32° Windhoek: 14° | 28° Gobabis: 14° | 32° Henties Bay: 12° | 17° Wind speed: 25km/h, Wind direction: S, Low tide: 10:12, High tide: 04:24, Low Tide: 22:40, High tide: 16:38 Swakopmund: 12° | 15° Wind speed: 26km/h, Wind direction: SW, Low tide: 10:10, High tide: 04:22, Low Tide: 22:38, High tide: 16:36 Walvis Bay: 12° | 20° Wind speed: 34km/h, Wind direction: SW, Low tide: 10:10, High tide: 04:21, Low Tide: 22:38, High tide: 16:35 Rehoboth: 13° | 30° Mariental: 14° | 31° Keetmanshoop: 11° | 25° Aranos: 14° | 31° Lüderitz: 12° | 23° Ariamsvlei: 12° | 26° Oranjemund: 12° | 17° Luanda: 24° | 25° Gaborone: 20° | 35° Lubumbashi: 18° | 37° Mbabane: 13° | 25° Maseru: 12° | 28° Antananarivo: 15° | 26° Lilongwe: 21° | 33° Maputo: 19° | 28° Windhoek: 14° | 28° Cape Town: 13° | 18° Durban: 18° | 19° Johannesburg: 17° | 29° Dar es Salaam: 25° | 31° Lusaka: 22° | 36° Harare: 19° | 33° Currency: GBP to NAD 22.92 | EUR to NAD 19.11 | CNY to NAD 2.48 | USD to NAD 17.6 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | 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 3.08 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.06 | USD to AOA 909.05 | USD to BWP 13.35 | USD to EGP 48.58 | USD to KES 129.1 | USD to NGN 1651.73 | USD to ZAR 17.59 | USD to ZMW 26.6 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1885.58 Up +0.89% | Casablanca Stock Exchange (CSE) MASI 14080.57 Down -0.32% | Egyptian Exchange (EGX) 30 Index 30143.86 Down -1.31% | Botswana Stock Exchange (BSE) DCI 9834.64 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$ 2 721.90/OZ UP +1.04% | Copper US$ 4.37/lb UP +1.26% | Zinc US$ 3 104.30/T UP 0.01% | Brent Crude Oil US$ 73.44/BBP DOWN -0.0171 | Platinum US$ 1 014.04/OZ UP +1.97% Sport results: LaLiga: Deportivo Alaves 2 vs 3 Real Valladolid European Championships Qualifying: Leeds United 2 vs 0 Sheffield United English Championship: Leeds United 2 vs 0 Sheffield United Weather: Katima Mulilo: 22° | 41° Rundu: 20° | 40° Eenhana: 20° | 37° Oshakati: 19° | 36° Ruacana: 20° | 36° Tsumeb: 20° | 35° Otjiwarongo: 15° | 32° Omaruru: 15° | 32° Windhoek: 14° | 28° Gobabis: 14° | 32° Henties Bay: 12° | 17° Wind speed: 25km/h, Wind direction: S, Low tide: 10:12, High tide: 04:24, Low Tide: 22:40, High tide: 16:38 Swakopmund: 12° | 15° Wind speed: 26km/h, Wind direction: SW, Low tide: 10:10, High tide: 04:22, Low Tide: 22:38, High tide: 16:36 Walvis Bay: 12° | 20° Wind speed: 34km/h, Wind direction: SW, Low tide: 10:10, High tide: 04:21, Low Tide: 22:38, High tide: 16:35 Rehoboth: 13° | 30° Mariental: 14° | 31° Keetmanshoop: 11° | 25° Aranos: 14° | 31° Lüderitz: 12° | 23° Ariamsvlei: 12° | 26° Oranjemund: 12° | 17° Luanda: 24° | 25° Gaborone: 20° | 35° Lubumbashi: 18° | 37° Mbabane: 13° | 25° Maseru: 12° | 28° Antananarivo: 15° | 26° Lilongwe: 21° | 33° Maputo: 19° | 28° Windhoek: 14° | 28° Cape Town: 13° | 18° Durban: 18° | 19° Johannesburg: 17° | 29° Dar es Salaam: 25° | 31° Lusaka: 22° | 36° Harare: 19° | 33° Economic Indicators: Currency: GBP to NAD 22.92 | EUR to NAD 19.11 | CNY to NAD 2.48 | USD to NAD 17.6 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | 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 3.08 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.06 | USD to AOA 909.05 | USD to BWP 13.35 | USD to EGP 48.58 | USD to KES 129.1 | USD to NGN 1651.73 | USD to ZAR 17.59 | USD to ZMW 26.6 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1885.58 Up +0.89% | Casablanca Stock Exchange (CSE) MASI 14080.57 Down -0.32% | Egyptian Exchange (EGX) 30 Index 30143.86 Down -1.31% | Botswana Stock Exchange (BSE) DCI 9834.64 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$ 2 721.90/OZ UP +1.04% | Copper US$ 4.37/lb UP +1.26% | Zinc US$ 3 104.30/T UP 0.01% | Brent Crude Oil US$ 73.44/BBP DOWN -0.0171 | Platinum US$ 1 014.04/OZ UP +1.97%