A preservation fund is a savings vehicle into which you can transfer your retirement savings from a retirement fund (pension or provident fund) to preserve funds for your financial well-being in retirement. This vehicle is primarily used when people resign or change jobs, which then becomes a tax-free transfer from your existing retirement fund into a...
Lupita Nyong’o, the global ambassador for the world’s leading diamond company De Beers, was in Namibia last week to witness the impact that natural diamonds have on the country and its people. A De Beers ambassador since 2022, Nyong’o has sought to learn more about the untold stories of natural diamonds. Together with joint venture...
OSHAKATI – Notoriously known as ‘street kids’, most Namibian street children are either orphans, or victims of extreme poverty and outright abuse, while a few have turned to the sex industry to make ends meet. This is according to 35-year-old Ullah Nghifimule, the founder and CEO of Ullah Investment Group CC. Through her newlyestablished foundation,she...
Women in Media handed over school shoes to Tsumkwe Secondary School onFriday. They also provided sanitary items and maize meal to some community members in Tsumkwe. Founders Limba Mupetami and Jemima Beukes expressed gratitude to the sponsors, emphasising that collaboration is key to successful projects. Mupetami highlighted their successful outreach in January, where they distributed...
Limba Mupetami Leon Tsamkgao, the son of Tsamkxao #Oma Bobo, chief of the Ju/‘hoan Traditional Authority, has expressed serious concerns regarding the Nyae Nyae conservancy’s modus operandi in Tsumkwe. He claims rampant exploitationof the marginalised community,land grabbing, overgrazing andnon-members accessing resources, which has been going on for years, as thorns in their flesh. In an...
NKURENKURU – Not far from the site where Vice President Netumbo Nandi-Ndaitwah last Thursday refused to preside over a planned groundbreaking ceremony, an even bigger delivery question stared officials and politicians in the face. Before the VP took to the podium, Kavango West governor Sirkka Ausiku made the audience aware that the location where the civic...
OKAHANDJA – Academic Mutjinde Katjiua has threatened to mobilise his subjects against voting for the National Unity Democratic Organisation or its candidate in November. This is if the Nudo leadership does not change its political posture towards his chieftainship, he said, threatening to strategically disarm the party at the polls come November’s watershed elections, where...
WALVIS BAY – The Walvis Bay municipal council has nullified the motion to terminate the services of RedForce. Consequently, RedForce will continue to operate as the town’s debt-collector. The motion was passed unopposed by the council in June after it was tabled by councillor Ephraim Shozi. However, a statement issued by the Walvis Bay municipality...
Union leadership representing most Pick n Pay Namibia employees does not expect any retrenchments emanating from the Ohlthaver and List’s (O&L) Group’s termination of its franchise agreement with the South African retailer. Penda Jakob, the secretary general of the Namibia Food and Allied Workers Union (Nafau) yesterday said official engagement will be guided by the...
RUACANA – Over 100 Okonyota location inhabitants who have lived there for over 40 years are refusing compensation from the local authority to vacate their land. They say the compensation offered by the Ruacana Town Council is not commensurate to the value of their land. They also accuse the council of being corrupt. “We are...