Business

The greatest health threat of a generation that has impacted every single economy in the world, the global Covid-19 pandemic, was the main reason that FirstRand Namibia’s profit before tax decreased by almost a quarter (23.7%), from N$1.58 billion in 2019 to N$1.21 billion this year.

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.

The ministry of finance yesterday announced that about 96% of applicants benefited from the emergency income grant (EIG) that government initiated in April to assist the less privileged and vulnerable members of society from the devastating economic impact of Covid-19. 

The Roads Authority (RA) has rubbished a photograph making the rounds on social media depicting an old bridge near Henties Bay currently undergoing rehabilitation.

The Ministry of Finance has reminded all importers, manufacturers and distributors that Ethyl Alcohol (ethanol) must be classified under the Harmonised System Code Heading or Tariff Item and that payment of excise duty on the substance must be made.

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.

Taxi drivers in Windhoek are concerned that their daily income dropped by as much as 60% during the past months due to the Covid-19 pandemic.

Despite the rejection by the Namibian Competition Commission (NACC) of the proposed acquisition of Schwenk Namibia, which owns the majority shares in Ohorongo Cement, by West China Cement, Schwenk International in Germany has confirmed further interest to sell its Namibian subsidiary SCHWENK Namibia (PTY) Ltd.

According to the International Monetary Fund (IMF), public infrastructure investment will play a key role in the ability for countries to recover from the pandemic. 

Old Mutual delivered food parcels valued at over N$95 000 that will benefit 155 households in the Kavango East region.