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Posts by Edgar Brandt:
WINDHOEK – Standard Bank Namibia Holdings, a subsidiary of the Standard Bank Group, yesterday commenced with its Namibia Stock Exchange (NSX) listing roadshow with corporate listing breakfast in WINDHOEK – A statement sent yesterday from Trustco Group Holdings indicated that Next Capital Limited, which is an investment vehicle for Quinton van Rooyen and family, intends to write off a N$1 billion loan made WINDHOEK – There is a saying that goes: If it is too good to be true, it probably is. Serious investors, both institutional and private, generally abide by this principle to minimise risk and maximise profit for WINDHOEK – “The reason for suspension is because our accounts are in arrears. We owe them money however we made a partial payment today”, was part of the blatantly honest and direct response from Air WINDHOEK – The Bank of Namibia on Friday afternoon clearly pronounced itself on the issue of foreign exchange (forex) trading, reminding Namibian residents 18 years of age and older that they are entitled to WINDHOEK - Finance Minister Calle Schlettwein, faces the daunting task of presenting the Mid-Term Budget review in Parliament today for the N$66.5 billion national budget tabled in March. WINDHOEK - Finance minister Calle Schlettwein, yesterday told the nation that a total of N$1.18 billion has been freed up through expenditure cuts during the mid-year budget review process. WINDHOEK – As Namibians grapple with one of the worst droughts in recent history, coupled with an economic recession going on three years now, there has been increased interest from consumers and businesses in installing waste water treatment facilities that can convert grey or black water into a useable product. WINDHOEK - In some parts of the world, tailoring is regarded as pastime. Conversely, Fiina Malulu, considers tailoring to be an activity which may positively impact Namibia’s economy if her business concept is supported locally. Malulu, who is self-employed in the tailoring industry, is the owner of Fojarat Investment cc, a local business that designs, produces and repairs clothing for all Namibia WINDHOEK – During a post-mid-term budget breakfast yesterday Finance Minister Calle Schlettwein reiterated a comment from his mid-term budget statement that Namibia still has significant discrepancies between the ‘haves’ and the ‘have nots’. WINDHOEK – The risks to Namibia’s credit rating outlook are bound to increase considering last year’s fiscal developments coupled with the fact that government is unlikely to be able to consolidate this year’s budget deficit. WINDHOEK – The Namibia Institute of Corporate Governance (NICG) is set to host the first-ever national corporate governance summit tomorrow, at Safari Hotel. WINDHOEK – The quality of corporate governance in public enterprises (PEs) is directly correlated to the performance of these entities. This was confirmed by Minister of Public Enterprises Leon Jooste yesterday at the first-ever National Corporate Governance Summit, which took place in Windhoek. WINDHOEK - Taxpayers were yesterday informed that all penalties on their tax accounts will be waived as part of an incentive programme to encourage registration as e-filers on the Integrated Tax Administration System (ITAS) and to promote the continuous use of the online service. WINDHOEK – Three straight years of negative growth of the Namibian economy is not making any positive contributions to the unemployment rate as businesses are more likely to retrench staff in the current economic climate than actually recruit new employees. WINDHOEK – The finance ministry as well as that of sport, youth and national service, in conjunction with the Development Bank of Namibia (DBN) on Wednesday unveiled a N$138.5 million small and medium enterprise (SME) financing strategy, to commence on 1 December, specifically aimed at enabling the youth to start or expand their businesses. WINDHOEK - Government, through the Ministry of Finance, is actively seeking options to reinvigorate the role of financial sectors in supporting long-term productive investment that can enhance the ability of trade, technology and transnational companies to work for inclusive growth and development. WINDHOEK – Following an announcement last week that government has shelved the Kudu Gas Power Plant project to consider cheaper sources such as renewable energy, the operator of the Kudu license BW Kudu has come out in defence of the development, saying the project “is alive and well”. WINDHOEK – Close to 300 people who willingly gave their money to self-proclaimed forex trader Michael Amushelelo and his associate Gregory Cloete (who were arrested on October 10, 2019) are now asking the Bank of Namibia to refund their ‘investments’. WINDHOEK – The acting Minister of Fisheries and Marine Resources Albert Kawana has called upon all stakeholders in the fishing industry to work with him to ensure confidence is re-instilled in the industry and that jobs are created.