An investigation by the Namibia Competition Commission (NaCC) has concluded that the Namibian Broadcasting Corporation (NBC) infringed on certain parts of the Competition Act by limiting or restricting market outlets or market access. However, despite NBC transgressing on Section 26(1), read with Section 26(2)(b) of the Competition Act, based on NBC’s unilateral conduct to remove...
President Mokgweetsi Masisi of Botswana has called for urgent action to address pending matters to speed up the implementation of the Trans-Kalahari Railway line link. During a three-day state visit to Namibia last week, he said the project must be fast-tracked as both countries are losing on its potential of the project. “It is imperative that...
WASHINGTON – Members of the US Federal Reserve’s rate-setting committee said last month that the bank’s employment and inflation goals were moving into “better balance,” with some calling for “patience” on interest rate cuts, according to minutes of the meeting published Wednesday. The US central bank has held interest rates at a two-decade high for...
HONG KONG – Equities rose and the dollar slipped further yesterday as investors welcomed more data pointing to a softening labour market that gives the Federal Reserve room to cut interest rates, with another key jobs report due. The advances saw Tokyo end at all-time highs following another record day on Wall Street, while national...
The O&L Group has appointed its chief experience officer Franziska Rueeck as a director of the Ohlthaver List Finance Trading (Pty) Ltd (OLFITRA) board, effective 26 June 2024. A statement from Ohlthaver and List, “Rueeck brings a wealth of knowledge and expertise in creating exceptional experiences that resonate deeply with O&L’s values. Her visionary leadership...
The Government Institutions Pension Fund (GIPF) is currently experiencing a significant number of unadmitted employees from participating employers, despite the requirement for all permanent employees to be admitted to the fund. The most affected employees are those working within the education ministry, accounting for approximately 75% of members not admitted to the fund, or those...
Maihapa Ndjavera & Edgar Brandt Responding to a massive public outcry on the persistent increase in electricity tariffs, government finally lent an ear and provided millions to ease the cost of living for struggling Namibians. While this subsidisation has been welcomed, some are, however, questioning its sustainability, questioning what the long-term solution for skyrocketing living...
JAKARTA – Indonesia launched its first electric vehicle battery plant yesterday, president Joko Widodo said, as Southeast Asian countries move to gain a foothold in the emerging industry. The country, which is the region’s largest economy and home to the largest nickel reserve in the world, has been seeking to position itself as a key...
The International Air Transport Association (IATA) has urged South Africa’s (SA’s) new government of national unity to continue prioritising the development of its aviation sector as a critical driver for economic growth and job creation. “South Africa’s aviation industry is poised for significant growth over the next 20 years, adding 345 million additional passenger journeys...
The populace of Otjinene has waved goodbye to days of travelling long distances to seek MTC services. This comes as the Mobile Telecommunications Ltd, (MTC), officially opened a new MTC dealer-shop in the town. Previously, MTC served its customers through Nampost, which providedlimited services. Such services included only the sale and replacement of sim cards. ...