Article: Counting the Cost of May Holidays.

Article from:
The Namibian
Article date:
May 20, 2009
Copyright

Byline: Jo-Mare Duddy

PUBLIC holidays in May will cost Namibia nearly N$1 billion. Based on the preliminary gross domestic product (GDP) figures for 2008 recently released by the National Planning Commission, the four public holidays this month will shrink national production by roughly N$800 million.

However, the damage to the GDP is likely to be much more as many Namibians have put in leave for two Fridays in order to enjoy long weekends: the one between Workers' Day and Cassinga Day, and this coming Friday between Ascension Day and Africa Day.

Overall Namibia's 12 annual public holidays will cost the country ...

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