Minister of Public Enterprises, Leon Jooste has confirmed the appointment of the new board of directors for the National Petroleum Corporation of Namibia (Namcor). The board appointments were made in line with Section 9 of the Public Enterprises Governance Act and their term is effective from 10 August 2020 to 9 August 2023, constituting a...
Jurgen Isaacs Namibia often gets accused of being a backwater … the phrase; “We can’t have nice things because we live in Namibia,” well that is simply not true. There’s very little you can think of that you will not be able to purchase, rent or acquire in Namibia. The only difference is, you won’t...
The Construction Industries Federation of Namibia (CIF) considers the establishment of a national construction council a most critical and crucial step towards maintaining and further developing the local construction sector. While similar legislation was already tabled in Parliament in 2010, this was however not passed by the legislature. Since then the CIF says, it not...
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. This was according to Minister of Labour, Industrial Relations and Employment Creation, Utoni Nujoma, who spoke yesterday at the SSC...
Insurance giant Sanlam on Friday announced they are now able to pay funeral and savings claims within only seven working hours. This the company says has been a long-term goal lined with one of the company’s strategic objective of putting their clients first. Speaking through a press statement this morning, Sanlam General Manager for Brand...
When is the best time to purchase a home? Early in our career or when your finances stabilise? What are the benefits of being a homeowner? This article explores these questions and more. Buying versus renting: Buying a house allows you to control the asset as there are no annual rental increases. When you buy...
The Eros Airport Runway Holding Action, remedial works project kicked off this week and will last for about three months to improve the runway, which has outlived its lifespan. Otesa/Roadmark was appointed for the remedial works at a cost of N$23 million. The remedial work is intended as a short-term solution, which will carry the...
Ninety One, formerly Investec Asset Management, has confirmed the appointment of Eino Emvula as managing director for Namibia and the rest of Africa, outside South Africa. Emvula will join Ninety One from Namibia Asset Management (NAM), where he was CEO and now replaces former Investec Asset Management CEO, James Hatuikulipi, who has been implicated in...
One of Namibia’s development objectives is to reduce the costs of cross-border trade and to create a more conducive investment environment. However, international competitiveness rankings suggest the country still has some way to go in this respect. Namibia ranks 138 out of 190 countries in the Doing Business (DB) 2020 report, which is the third...
Last week Thursday, Capricorn Group has informed its shareholders through a voluntary announcement on the Namibian Stock Exchange that its Zambian subsidiary, Cavmont Capital Holdings Zambia PLC (CCHZ), has signed a Share Purchase Agreement with Access Bank (Zambia) Limited, a subsidiary of Access Bank Plc. The agreement is for the proposed merger of Access Bank...