On 30 September this year, the Determination on the Conduct of Electronic Fund Transfers within the National Payment System, also known as PSD-9, will become effective. In addition, the directive on the speed and user fees and charges of the Common Monetary Area (CMA) transactions, also known as PSDIR-9 will become effective. In a statement...
Alarm has reverberated around the world following the adoption of the draft United Nations (UN) convention on cybercrime in early August 2024 by the Ad Hoc Committee of the UN General Assembly (UNGA) specifically created to draft such a treaty. What is fuelling the alarm within the global human rights community is the fact that the...
In a recent announcement, Bank of Namibia governor Johannes !Gawaxab reported a significant increase in capital outflow from Namibia, with N$14.2 billion leaving the country betweenJanuary and August 2024. This marks a sharp rise from the N$10.6 billion recorded during the same period in 2023, reflecting a N$3.6 billion increase in net outflows. The governor...
Definitionally, land reform entails and/or encompasses a purposeful drive championed by the State, through its machinery, in addressing historical injustices with restorative measures. This would, therefore, mean the land reform programme must have ingredients of restitution and statutory restoration of rights unto land. Central to this will be premised on the natural recognition of historical...
As we approach October 2024, Namibian farmers and farmworkers are gearing up for the start of the summer crop season. This period marks the beginning of land preparation and planting activities for staple crops such as maize, pearl millet (mahangu), sorghum, groundnuts and other legumes. Much like our neighbours in Southern Africa, the timing of...
It is not surprising that the BRICS+ formation will usher in a new economic order if the group of seven (G7) does not pull up its socks, as thegroup’s expansion presents new economic opportunities for developing countries. There is no doubt that the establishment of the BRICS (originally Brazil, Russia, India, China and South Africa)...
The annual Information and Communication Technology (ICT) Summit takes place from 9 to 11 September 2024 in Windhoek. This will be the eighth time the summit takes place. As always, it is a highly-anticipated event. As Green Enterprise Solutions (Green), a leading provider of CT, we have always supported the summit, and this edition is...
Preliminary findings of the NaMedia media monitoring project, how these findings were presented, and what the organisers chose to amplify would have left a bitter taste in the mouth of any sane individual. The Media Ombudsman undertook a study with the support of private media, foreign development agencies and a local research outfit. The ombudsman’s...
Lahja Nashuuta Since time immemorial, teachers have been central to every person’s development as they moulded and shaped individuals at different stages of their lives. Educators spend the greatest amount of time with other people’s children, implanting knowledge and grooming them for the future. One such teacher is Kaine Leeon Mubonenwa, a committed and...
Namibia Fin Exchange (Pty) Ltd v CEO of Namfisa and others (SA 23-2022) [2024]NASC (3 September 2024) What transpired? After consultations with various stakeholders from 2011 to 2012, it became apparent to the appellant that there was a need for a second Stock Exchange in Namibia. The founders of the appellant (Namibia Financial Exchange...