The main opposition party, the Popular Democratic Movement (PDM), has labelled government’s N$4.5 billion loan application from the International Monetary Fund (IMF) as nothing but a veiled attempt of rent-seeking, which is defined as the practice of manipulating public policy or economic conditions as a strategy for increasing profits. Government last week applied for assistance...
Work-life integration means intertwining what you consider “life” or “personal” areas with “work”. It is not the same as work-life balance, where an unrealistic expectation exists to work out an allocation balance of time which separates work from personal life demands. Often when asked the question of ‘how do you balance work and life?’. I...
JOHANNESBURG – Africa’s largest food retailer Shoprite said on Monday it had decided to initiate a formal process to consider the potential sale of all, or a majority stake, in its subsidiary Retail Supermarkets Nigeria Limited. In a trading update, Shoprite said it had made the decision following approaches from various potential investors, and in...
Kenya Airways (KQ) resumed its international passenger services on Saturday, 1 August, following the easing of movement restrictions as directed by President Uhuru Kenyatta. The first international flights on 1 August departed to London, Dubai, Addis Ababa, Kigali, Dar es Salaam and Lusaka. During August a gradual increase is expected in the network with flights...
HONG KONG – HSBC on Monday reported a 69% slump in net profit, joining a number of major banks whose earnings have been slammed by the coronavirus fallout. HSBC announced earnings of $3.1 billion (2.6 billion euros) compared with almost $10 billion in the first six months of 2019, as spiralling China-US tensions also hurt...
The Communications Regulatory Authority of Namibia (CRAN) last week held a public consultative meeting on the proposed Market Study on the determination of dominant position in the telecommunications sector, and the regulations prescribing fees for spectrum licences, certificates and examinations. Speaking at the public consultative meeting acting CEO of the Authority Jochen Traut said the...
WASHINGTON – Ratings agency Fitch on Friday downgraded the outlook for the United States to negative from stable, warning of high debt and deficits made worse by the coronavirus downturn. “The outlook has been revised to negative to reflect the ongoing deterioration in the US public finances and the absence of a credible fiscal consolidation...
NEW YORK – European stocks fell Friday following dismal economic data that chronicled the hit from coronavirus shutdowns, while Wall Street indices gained following blowout earnings from tech giants. A day after the US reported an historically bad plunge in second-quarter growth, European authorities released the tally for the bloc and for individual countries. “It...
Fuel prices will increase as of midnight on Wednesday when petrol will increase by N$1 per litre (p/l) and diesel by 70 cents p/l. This increase means the fuel pump prices at the port of entry of Walvis Bay will become N$11.35 p/l on petrol and N$11.83 p/l on diesel. A Ministry of Mines and...
Thembi Kandanga We have all been there before – some worse than others. We get our first job after university and banks start offering us credit cards, personal loans, overdrafts and revolving loans; we don’t need and certainly cannot afford. Having fallen prey to a few of these tactics myself, I know how things can...