Additional primary school planned for Groot AubRepo rate remains unchanged at 8.25%

GROOT AUB: The Ministry of Education, Arts and Culture has approved plans for the construction of an additional primary school at the Groot Aub settlement in the Khomas Region. The Director of Education in the region, Paulus Nghikembua, told Nampa in a recent interview that the primary school is expected to be operational by 2030. The rapidly expanding settlement, situated about 60 kilometres south of Windhoek, currently has only one primary school and one secondary school, catering to a population exceeding 24 000 residents. The surge in population has led to the overcrowding of classrooms at both Groot Aub Primary School and Groot Aub Secondary School. Isak de Groot, the principal of Groot Aub Secondary School, told Nampa in a recent interview that last year, the school had three Grade 8 classes, and there is a possibility of that number increasing in the current academic year. 'We have admitted 181 Grade 8 learners this year, and there is a possibility that that number will increase, so we might need an additional class,' De Groot stated. Additionally, the school accommodates learners from Farm Primary School in Dordabis, Nicolas Witbooi Memorial School, and Bloukrans Primary School. Last year, De Groot said, the school made use of a church building and library on the premises as additional classrooms. 'We have asked the Directorate of Education to provide us with extra classrooms and we now have four newly built classrooms. We are also privileged this year to have two extra teaching posts allocated to our school. I want to commend our regional directorate in that regard. When we ask, they provide,' he added. He also said that to curb the high failure rate at the secondary school, the ministry has constructed a hostel to accommodate learners. The facility, although complete, has no running water and electricity and learners have not moved in yet. Nghikembua confirmed that the hostel was constructed to mitigate issues such as failure rates. 'The structure is already approved in terms of personnel. Th e issue now is electricity. We paid NamPower for the connection. As soon as they're ready, they will put a transformer. We are also busy with water connection through the City of Windhoek. Some of these issues are not in our hands, but the hostel needs its water connection or a pipe from the reservoir,' Nghikembua explained. He said once the new primary school is complete, they will start working on plans for another secondary school. Source: The Namibia Press Agency South African Reserve Bank (SARB) Governor Lesetja Kganyago has announced that the bank's Monetary Policy Committee (MPC) has unanimously agreed to keep repurchase rate (repo rate) at 8.25%. Kganyago announced this at a press briefing on Thursday afternoon. 'At the current repurchase rate level, policy is restrictive, consistent with the inflation outlook and the need to address rising inflation expectations. Serious upside risks to the inflation trajectory from global and domestic sources are evident and… the economic outlook is highly uncertain. 'The inflation and repo rate projections from the updated QPM [Quarterly Projection Model] remain a broad policy guide, changing from meeting to meeting in response to new data. Future committee decisions will be data dependent and sensitive to the balance of risks to the outlook,' he said. Kganyago said that 'guiding the inflation rate to the mid-point' of about 3 to 6% is imperative. The current inflation rate stands at 5.1%. 'Guiding inflation back towards the mid-point of the target band will improve the economic outlook and reduce borrowing costs. 'Since early 2020, the committee has recommended additional means of strengthening economic conditions, including achieving a prudent public debt level, increasing the supply of energy, keeping administered price inflation low and real wage growth in line with productivity gains. Such steps would also strengthen monetary policy effectiveness and its transmission to the broader economy. Source: South African Government News Agency