The slight interest rate relief from the 25-basis points repo rate cut by the central bank in mid-August might lead to an increase in the number of building plans submitted and completed, as individuals and developers take advantage of the moreaffordable credit environment. This is according to stock brokerage Simonis Storm (SS)in its take on...
For the end of the financial year ended 30 June 2024, Oryx Properties reported a total comprehensive profit of N$384.8 million, which is a significant increase from N$190.9 million in 2023. Oryx’s total portfolio value increased by N$1.072 billion or 35% to N$ 4.167 billion – up from N$3.095 billion in 2023. These figures financially...
Hangana Seafood has concluded wage negotiations with its Workers’ Council. This marks the first time these negotiations have been conducted with representation from a Workers’ Council, a significant shift from previous years when a union led the negotiations. Both the company and the Workers’ Council acknowledge that the process has been a valuable learning experience...
Kraatz, a subsidiary of the Ohlthaver & List (O&L) Group, has started its first apprenticeship intake for the year 2024. This intake sees 10 promising young Namibians embark on a six-month apprenticeship journey as part of Kraatz’s ongoing commitment to developing skilled professionals and future leaders. The apprenticeship programme, now in its 12th year, aligns...
The green hydrogen project of Namibia comprises various exceptional individuals with impressive credentials. Theopolina Kapani makes up part of the team as head of technical construction at the Namibia Green Hydrogen Programme. Born and raised in Dordabis, a small town on the outskirts of Windhoek, she has excelled in one of the world’s leading emerging...
BW Kudu, in collaboration with the National Petroleum Corporation of Namibia (Namcor), has expanded the scholarship programme supporting underprivileged school students under the care of the Physically Active Youth (PAY). PAY is a renowned non-profit organisation, dedicated to supporting disadvantaged children in Katutura. This initiative continues a successful collaboration that began in 2023, aimed at...
The Namibia Revenue Agency (NamRA) this week launched a Whistleblower Hotline in partnership with Deloitte Namibia, a private company that provides accounting, auditing, taxation and consultancy services. The hotline is designed to provide a secure and confidential platform for reporting a range of concerns. The initiative, which follows approval by the NamRa board of directors,...
“The first thing I thought of doing was to commit suicide. I saw that as the only option to escape the pain of having my HIV status exposed.” These are the words of 28-year-old Dessy (not her real name), who hit rock bottom when someone she trusted revealed her HIV status to her community during...
Clarisa Chipfupa and Glenville Dantu were crowned winners of round 10 of the 2024 Nedbank for Good Series, held at the Windhoek Golf and Country Club on Saturday. The event lived up to its expectations, with 99 amateur golfers participating in the tournament. Of the 99, 11 were women, the biggest number of female participants...
The Namibia Correctional Service (NCS), defending champions of the MTC Netball Namibia Premier League (NNPL), solidified their position as league leaders this past weekend by overcoming their closest rivals. NCS secured maximum points, defeating Mighty Gunners 47-27 on Saturday, followed by a hard-fought 41-39 victory against second-placed Namibia Navy. These wins placed NCS firmly at...