The End Of The Buchter?
The Buchter News is a legacy, it is a long standing, 22-year-old, ever developing pillar of the local community. It has been run by volunteers for the people of Lüderitz for over two decades, initially providing the only source of news to the town and adapting to fit the community following the introduction of television, [...]
Credit Crunch Causes Diamond Industry To Slide Causing Problems For Namdeb
Ever since the credit crunch crossed the globe in October of last year countries around the world have been waiting with baited breath to see how they will be affected; across the western world Iceland has gone bankrupt, England is officially in recession and one million people in North America have lost their jobs and [...]
NovaNam Strike Ends Abruptly
On the 8th of December workers at NovaNam/ Pescanova went on strike following a disagreement about an increase in wages. Since then a total of 955 people have stopped work in favour of picketing outside the factory gates in an attempt to get their demands met. In mid-December members of the police force in Keetmanshoop [...]
A Dummies Guide To The Credit Crunch
What happened and why?
It is believed that the financial crisis has been building since early August of this year when the USA market suffered a loss of confidence in investors causing a substantial amount of credit to be injected into the economy causing the market to become volatile. However it could also be argued [...]
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