If one were to focus on the National Equitable Economic Empowerment Bill (NEEEB) in its latest format as an instrument to address poverty and inequality, one of the biggest concerns is that NEEEB has not allayed any fears and made people more appeased with government’s commitment that people’s ownership rights will not be affected, and...
FNB Namibia has confirmed that all their branches will revert to a rotational operations model for the foreseeable future. “This means that every branch will operate on a 50% staff capability only, in order to curb branch activities, thereby assisting government in containing the spread of the virus,” advised Rodney Forbes, FNB executive officer: points...
President Hage Geingob has paid glowing tribute to the indomitable nationalist leader and a founder member of Swanu Chief Hosea Kutako. In a statement marking the 50th anniversary since his death, the President reminded Namibians to honour the memory of the late chief by promoting unity as well as fighting against division, tribalism and racism. ...
Capricorn Group has launched the Capricorn Foundation as a non-profit association to act as a vehicle for corporate social responsibility (CSR) initiatives. The Group stated that the establishment of the foundation follows a thorough review of and research on the best practices on CSR and several stakeholder engagements over the past two years. The Capricorn...
FNB Namibia recently donated equipment to the Aroab Football Academy. The equipment, which amounts to N$10 000, was received by Kallen Brakes Esau, a community member and founder of the Aroab Football Academy. Esau said the academy provided masks, sanitisers and infrared temperature testers to local schools in Aroab to help fight the deadly Covid-19...
Bank Windhoek has become the first Namibian bank to introduce a mortgage loan that encompasses extended repayment terms for first-time home buyers. This means maiden buyers, who intend to purchase a residential property with a value of between N$500 000 and N$2 million, can now apply for a mortgage loan with an extended term of...
The National Petroleum Corporation of Namibia (Namcor) has confirmed that all four of its employees, who were recently quarantined on account of having contact with Covid-19 positive employee, have tested negative for the disease. Namcor resumed normal business on Monday, 13 July 2020. A company spokesman said Namcor remains committed to the safety of its...
South Africa’s Department of Public Enterprises (DPE) has welcomed the commitment by the country’s National Treasury that government will support and source funding for a business rescue plan for South African Airways (SAA), which will result in the emergence of a new viable, sustainable, competitive national airline. In terms of the business rescue plan that...
The Inspector-General of the Namibian police Sebastian Ndeitunga in a major re-organisation has appointed Commissioner Moritz Norres !Naruseb to head the Criminal Investigations Directorate (CID). !Naruseb takes over from seasoned police investigator, Commissioner Nelius Becker who headed the CID directorate for nearly a year. In a press statement, police spokesperson Deputy Commissioner Kaunapawa Shikwambi stated...
Pupkewitz Megabuild has introduced SpecTiles, a new subsidiary to the group. Through the new subsidiary, the group continues to expand its product and service offering in line with the Pupkewitz Group’s ethos of ‘Customer Satisfaction through Service Excellence’. SpecTiles by Pupkewitz Megabuild is now a one-stop interior and exterior living store, providing customers with a...