Figures from the latest Private Sector Development Survey (PSDS) 2019/20 indicated that almost half of the businesses in which turnover was slumped experienced a decline of at least 81%. Some 90% of the survey respondents said they suffered a loss of turnover while 30% of businesses experienced a decline between 91% and 100%, while another...
The CEO of the Namibia Training Authority (NTA), Jerry Beukes, has tendered his resignation after four years at the helm of the authority. This was confirmed in a statement by NTA board chairperson Amon Ngavetene, who said the resignation would be effective as of 30 September 2020. Beukes, whose five-year contract would have ended on...
The NAMS/ISO 31000:2019 Risk Management Standard was officially gazetted as a Namibian Standard in January 2020. In response to this announcement that Namibia accepted ISO31000 as the Risk Management Standard, Capricorn Group supported the Namibian Standards Institution (NSI) to carry out Risk Management Training for their employees. The one-day training session, facilitated by Capricorn Group’s...
The Office of the President yesterday held a planning workshop for the Economic Advancement chapter for phase 2 of the Harambee Prosperity Plan (HPP). The workshop was attended by key government officials responsible for implementing this chapter of HPP, and the outcome will be incorporated into the new policy framework. According to the final report...
MTN Namibia and The GridOnline have taken the Namibian ICT sector a stride forward, as the parties signed their first commercial contract for bulk data transmission services. The GridOnline is a service offering by NamPower. This significant event demonstrates another example of corporates consolidating efforts to propel the national and Southern African ICT sector forward...
CAPE TOWN – Supermarket giant Pick n Pay on Tuesday said 1 400 staff had accepted voluntary retrenchment packages and launched a broadside at the government over its ongoing ban on tobacco and alcohol sales as part of efforts to combat the Covid-19 pandemic. The company said while the retrenchments had been in the pipeline...
Money in the time of Covid-19 is an anxiety-inducing topic. This is a challenging time and we have a “new normal” that we must adapt our lives and our finances to. When life gets this unpredictable, the best thing one can do is go back to basics. Here are some of my 2020 money management...
Have we seen the bottom? It appears so. The NSA (National Statistics Agency) has released a set of six sectoral indices with data to May 2020 for the following sectors: Beverages, Building Industry, Electricity, Livestock, Tourism and Transport. They all still show that, compared to the same time last year, economic activity is down massively. ...
As a task to expand its revenue optional pool to diversify its resources, the Environmental Investment Fund of Namibia (EIF) established a Resource Mobilisation Strategy as a framework for revenue generation through which it managed to mobilise about N$1.3 billion. This was confirmed in the Fund’s 2018/2019 annual report. CEO of EIF Benedict Libanda said...
The Namibia Competition Commission (NaCC) has blocked the acquisition of Schwenk Namibia (Pty) Ltd, which owns and operates the Ohorongo Cement factory, by West China Cement Limited for N$1.5 billion since it would result in coordination between Ohorongo Cement and Whale Rock Cement, which trades as Cheetah Cement. The proposed acquisition was deemed uncompetitive by...