2020-07-23Edgar Brandt Advising the public to be cautious of where they put their hard-earned money, a bank statement noted that its investigation determined Elamant’s activities contravene Namibia’s Banking Institutions Act of 1998. View more
2020-07-24Edgar Brandt The local index of the Namibian Stock Exchange lost an astounding N$6.5 billion in market capitalisation one day of trading last week, which was, however, quickly regenerated in subsequent trading. View more
2020-07-28Edgar Brandt China National Nuclear Corporation (CNNC) Rössing Uranium has cautioned that while global uranium prices are expected to recover in the medium to long-term, the gradual recovery may take another five years. In its latest report to stakeholders, the uranium miner noted that moderate demand growth and subdued supply will drive a gradual price appreciation. View more
2020-07-30Edgar Brandt The finance ministry yesterday confirmed that Namibia has applied to the International Monetary Fund (IMF) for a N$4.5 billion loan, through the institution’s Rapid Financing Instrument (RFI). View more
2020-07-30Edgar Brandt The voluntary retrenchment exercise at the Pupkewitz Group, offered to all its 1 860 employees, has been concluded, with most of the employees opting to take early retirement to use the proceeds to start up their own business or invest in livestock. View more
2020-07-30Edgar Brandt Industrialisation and trade minister Lucia Iipumbu yesterday said the ministry was investigating allegations of corruption and mismanagement made against senior officials of the Namibia Industrial Development Agency (Nida). View more
2020-07-30Edgar Brandt A deplorable state of affairs regarding the completion of infrastructure and capital development projects throughout the country has surfaced through a report requested by President Hage Geingob and commissioned by works and transport minister John Mutorwa. View more
2020-07-31Edgar Brandt Namibia’s N$4.5 billion loan application to the International Monetary Fund (IMF), through that institution’s Rapid Financing Instrument (RFI). could risk locking the country into a perpetual debt trap for many years. View more
2020-08-04Edgar Brandt The main opposition party, the Popular Democratic Movement (PDM), has labelled government’s N$4.5 billion loan application from the International Monetary Fund (IMF) as nothing but a veiled attempt of rent-seeking, which is defined as the practice of manipulating public policy or economic conditions as a strategy for increasing profits. View more
2020-08-05Edgar Brandt The Namibia Competition Commission (NaCC) has blocked the acquisition of Schwenk Namibia (Pty) Ltd, which owns and operates the Ohorongo Cement factory, by West China Cement Limited for N$1.5 billion since it would result in coordination between Ohorongo Cement and Whale Rock Cement, which trades as Cheetah Cement. View more
2020-08-07Edgar Brandt The increasing number of reported retrenchments all over the country as a result of the Covid-19 pandemic are but the tip the iceberg. View more
2020-08-11Edgar Brandt There is no doubt that the economic impact of Covid-19 has negatively affected the Social Security Commission’s (SSC’s) funds due to a significant decrease in contributions brought about by increased unemployment and unprecedented business closures View more
2020-08-14Edgar Brandt The man at the helm of the biggest local listing on the Namibia Stock Exchange (NSX), Vetumbuavi Mungunda, has confirmed his resignation and will leave Standard Bank Namibia (SBN) Holdings Group with effect from 1 May 2021. View more
2020-08-14Edgar Brandt The Minister of Fisheries and Marine Resources, Albert Kawana, Wednesday lashed out at critics of the new fish quota auctioning policy, saying allegations that this course of action could result in another ‘fishrot’ scandal should be outright rejected. View more
2020-08-20Edgar Brandt “With the current budget deficit, government will be left with no choice but to seek more bailout loans and further send the finance position of the country on a downward path. View more
2020-08-21Edgar Brandt The Public Service Employee Medical Aid Scheme (Psemas) now covers the majority of the cost of a Covid-19 test, in fact up to 95% of the tariff, if a member is booked for surgery. View more
2020-09-09Edgar Brandt The Namibia Cabin Crew Union (NCCU) has accused Air Namibia’s interim CEO and his management team of having declared war with the airline’s workers following a notice of 50% salary reduction for staff who have been grounded due to the Covid-19 pandemic. View more
2020-09-10Edgar Brandt An astronomical N$10 billion in Fishrot-linked funds have been red-flagged by one of the country’s top financial watchdogs as suspected proceeds of illegal activities. View more
2020-09-10Edgar Brandt FNB’s second-quarter Residential Property Report states that although property market sentiments may appear to point to a further decline in house prices due to expected distressed sales, the bank nonetheless believes the downward trend has seemingly reached its pinnacle for two reasons. View more
2020-09-11Edgar Brandt The time is now for governments and aviation industry stakeholders around the world to start planning for the massive task of distributing a Covid-19 vaccine for if and when it becomes available. View more
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