JOHANNESBURG – South Africa’s Financial Sector Conduct Authority said it was concerned that some insurers were using the country’s lockdown in response to Covid-19, to avoid paying business interruption claims. It said the lockdown imposed from March 27 in a bid to slow down transmissions of the coronavirus — which initially grounded most economic activity...
PORT ELIZABETH – The Minerals Council of South Africa on Thursday has announced that it has invested in fundamental research, which it says is critical to support the mining industry and others in dealing with the impact of Covid-19. “Taking this into consideration, the CEO Zero Harm Forum re-allocated research funding to focus on three...
RUSTENBURG – Botswana President Mokgweetsi Masisi on Thursday imposed strict measure to control the sale of fuel in the country following two weeks of shortages. He said a car would only be allowed to fill about US$21 (250 Pula) fuel at a time and buying fuel using jerry cans would only be allowed on Thursdays....
Pupkewitz Megabuild has introduced SpecTiles, a new subsidiary to the group. Through the new subsidiary, the group continues to expand its product and service offering in line with the Pupkewitz Group’s ethos of ‘Customer Satisfaction through Service Excellence’. SpecTiles by Pupkewitz Megabuild is now a one-stop interior and exterior living store, providing customers with a...
A major concern for the Construction Industries Federation (CIF) is the timing of possible implementation of the Namibian Equitable Economic Empowerment Bill (NEEEB). The CIF leadership feels that by considering the current economic environment, coupled with a four-year running recession and the further impact of Covid-19 on the domestic economy, effort should be made to...
Local generation of electricity increased, both year-on-year and quarter-on-quarter, in the first quarter (Q1) of 2020, mostly due to high rainfall. The local generation of electricity increased significantly by 82%, year-on-year, to 778.2 million kilowatt-hours. According to the Bank of Namibia’s Q1 quarterly bulletin, the significant increase was due to an adequate inflow of water...
Lavinia Shikongo As a responsible corporate citizen, MultiChoice Namibia (MCN) is adhering to the government’s national safety precautions and Covid-19 measures. Now, because we always put our customers and your needs at the heart of everything we do, we’re making it easier for you to adhere to those measures. We’re encouraging all our customers...
Following concerns expressed by the public about the state of pension funds, pension fund expert Marthinuz Fabianus, Managing Director of Retirement Fund Solutions (RFS) and a trustee of Benchmark Retirement Fund, has reassured the public about the health of pension funds under their administration. He explained that funds use a mix of investments, including international...
The Namibian Manufacturers Association (NMA) has condemned the decision by the government to repeal current manufacturing incentives, saying it will be a crippling blow to the industry. In a statement on Monday, NMA said by repealing these incentives, the already struggling manufacturing sector and the economy at large would be dealt a crippling blow.“The NMA...
GROOTFONTEIN – Hundreds of street vendors in Grootfontein are defiant on moving into the recently constructed open market. They argue the place is not strategically located and there is limited space to accommodate all. Showing their disapproval, over 200 street vendors staged a protest on Monday, petitioning the municipality to relook at the decision, while...