Salary increment and back-pay of public servants might contribute to GDP | Africa Newswire

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Salary increment and back-pay of public servants might contribute to GDP

WINDHOEK; The salary increment and back-pay of public servants might contribute to Namibia’s annual gross domestic product (GDP) in 2013.

Independent economist and research associate at the Institute for Public Policy Research (IPPR), Klaus Schade said this today during the release of the Namibia Statistics Agency (NSA)’s report on the GDP in the third quarter of 2012, as well as the Namibia Consumer Price Index of November this year.

‘The annual GDP growth will be in the range of three per cent due to the salary increase for all public servants,’ he said.

Following recent strikes by teachers country-wide, Government agreed to an 8 per cent salary increase across the board for all public servants backdated to 01 April this year, and a 10 per cent adjustment during the 2014/15 financial year.

Schade said ‘wildcat strikes’ in the southern African region, and in Namibia particular, have reduced the output in the mining and transport sectors, and also reduced investor confidence.

He warned all those involved in these actions to be aware that it may affect the country’s economy in the long run.

WINDHOEK; The sixth Federation of Africa Sports University (Fasu) Games kick off here on Monday.

Tertiary Institutes Sports Association of Namibia (Tisan) president Werner Jeffrey said while speaking at a media conference held here yesterday the association is ‘ready’ for the arriving teams.

Countries participating in the Games will include host Namibia, Algeria, Benin, Botswana, Cameroon, Central African Republic, Comoros, Congo, Democratic Republic of Congo (DRC), Egypt, Ethiopia, Ghana, Nigeria, Senegal, Tanzania, Uganda, Zambia and Zimbabwe.

Team Namibia will have 87 participants in all sports codes, while South Africa, Angola and Swaziland have indicated that they will not be competing this year.

Sports codes that will form part of the Games are athletics, volleyball, basketball, tennis, table tennis and karate.

The official opening for the Fasu Games will be held at the Sam Nujoma Stadium on Monday, but the Games kick off with volleyball at the University of Namibia (Unam) gymnasium on Sunday.