Author: Edgar Brandt (Edgar Brandt )

Home Edgar Brandt
Dundee, Chinese firm marriage approved
Post

Dundee, Chinese firm marriage approved

The Namibian Competition Commission (NaCC) has approved the proposed merger between Hong Kong-based Sinomine Rare Metals Resources Co. Limited and Dundee Precious Metals (DPM) Tsumeb Holding (Pty) Limited, with conditions.  Sinomine Resource Group recently concluded deals to purchase controlling interests in a copper mine in Zambia, and earlier this year purchased Dundee’s copper smelter in...

CBD sees revival with new 13-storey building
Post

CBD sees revival with new 13-storey building

The skyline in Windhoek’s central business district (CBD) is set for a major makeover, as construction has officially commenced on the Capricorn Group’s new 13-storey landmark building. The groundbreaking ceremony on the corner of Independence Avenue and Kasino Street took place on Tuesday morning in what the group called a “historic milestone” for what will...

FNB’s enterprise banking lifts industrial value chain
Post

FNB’s enterprise banking lifts industrial value chain

First National Bank (FNB) Namibia’s Commercial Enterprise banking segment, which caters to medium corporate clients with turnovers from N$60 million to N$800 million, is integral in enabling local businesses.  This is true for a range of industries in which the segment specialises – from tourism and agriculture – to construction, logistics and energy head of...

Small businesses crucial for economic growth
Post

Small businesses crucial for economic growth

Small and Medium Enterprises hold the key to Namibia’s economic growth. The sector does this by addressing unemployment, significantly contributing to the gross domestic product. More importantly, it sustains the livelihoods of many Namibians. Government has emphasised that it is crucial to recognise the crucial role SMEs play. Recent research indicates that SMEs provide employment...

Woermann Brock construction given the nod
Post

Woermann Brock construction given the nod

Construction work has resumed at the Woermann Brock (WB) supermarket in Hochland Park, where activities were stopped late on Wednesday due to unsafe working conditions.  A WB official yesterday told New Era the branch is being revamped to become the latest Woermann Fresh. Moreover, a statement from an occupational health and safety inspector in the...

Rogue merger cops cement companies N$5m fine
Post

Rogue merger cops cement companies N$5m fine

The Namibian Competition Commission imposed a N$5 million fine on four entities in the cement industry for merging without notifying the Commission, and implementing the merger without approval. The entities fined are Fan Qingmei, Wang Zhongke, Hong Xiang Holdings LTD and Whale Rock Cement Pty (Ltd). The Commission noted that it is concerned about mergers...

Kia’s facelifted Seltos and Picanto make local debut
Post

Kia’s facelifted Seltos and Picanto make local debut

Kia’s facelifted 2024 Seltos and Picanto models have arrived at Namibian showrooms, and are sure to spark the curiosity of prospective owners with a host of new features and gadgets.  The entry-level Kia Seltos, sporting a manual gearbox, starts off at N$473 000, while the top of the range 1.5 litre turbo GT version goes...

Tiggo 7 Pro Max 2024 the top Chery
Post

Tiggo 7 Pro Max 2024 the top Chery

Chery’s new Tiggo 7 Pro Max AWD offers a robust 1.6 litre turbo-petrol engine under the bonnet that produces a very impressive 145kW and 290Nm of torque. The performance of this remarkable engine is second to none, and easily gives vehicles with larger engines a good run for their money. Taking the Pro Max 7...

No plans to close stores – Thieme … O&L committed to job security
Post

No plans to close stores – Thieme … O&L committed to job security

The Ohlthaver and List (O&L) Group does not intend on closing any retail outlets, and operations will continue as usual despite the group terminating a 27-year franchise agreement with massive South African retailer, Pick n Pay. This is according to the O&L Group’s executive chairman, Sven Thieme. “We remain committed to maintaining our presence in...

No job losses expected …as O&L pulls out of Pick n Pay 
Post

No job losses expected …as O&L pulls out of Pick n Pay 

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...