After more than 20 years, Namibia Wildlife Resorts (NWR) managed to record a profit for the first time since it was created in 1999. According to NWR chairman Ambassador Leonard Iipumbu, the institution recorded a profit of N$22 million this past financial year, which he noted is a N$41 million improvement on the 2018 financial...
The annual percentage change in the producer price index (PPI) for manufacturing of cement, lime and plaster was stagnant during the first quarter of 2020, compared to the 9.2% deflation recorded during the same period last year. The PPI measures the rate of change in the prices of goods and services bought and sold by...
London – Two studies offered new hope of a potential vaccine for the novel coronavirus on Monday, as the World Health Organisation warned about a possible acceleration of the disease in Africa. Seven months after Covid-19 was first identified in China and has since killed more than 600 000 people worldwide and battered economies, there...
Brussels – European leaders yesterday agreed on a massive aid package for their pandemic-ravaged economies, as President Donald Trump changed his tune in favour of face masks as a tool against the coronavirus in the United States. The virus has infected more than 14.6 million people and killed over 600 000 of them since it...
CAPE TOWN – South African Finance minister Tito Mboweni, and public enterprises minister Pravin Gordhan have committed the government to making available funding to South African Airways (SAA) for its immediate and longer-term needs as it implements a business rescue plan. “A letter of support that commits the government to ‘mobilise funding for the short-,...
If one were to focus on the National Equitable Economic Empowerment Bill (NEEEB) in its latest format as an instrument to address poverty and inequality, one of the biggest concerns is that NEEEB has not allayed any fears and made people more appeased with government’s commitment that people’s ownership rights will not be affected, and...
FNB Namibia has confirmed that all their branches will revert to a rotational operations model for the foreseeable future. “This means that every branch will operate on a 50% staff capability only, in order to curb branch activities, thereby assisting government in containing the spread of the virus,” advised Rodney Forbes, FNB executive officer: points...
Shoki Kandjimi RUNDU – The Pupkewitz Foundation donated food parcels to the San community valued at N$55 000 in Rundu’s Ndama location last week. This is part of the foundation’s Covid-19 food relief scheme, which aims to assist marginalised communities in the Kavango East region who have been adversely affected by the pandemic. In...
JOHANNESBURG – The South African Airways Pilots’ Association (SAAPA) said on Wednesday it welcomed the first step towards a revitalised national carrier after creditors voted in favour of a business rescue plan for the airline. Tuesday’s vote saw 86% of creditors support the plan for loss-making South African Airways (SAA), which the government placed under...
Capricorn Group has launched the Capricorn Foundation as a non-profit association to act as a vehicle for corporate social responsibility (CSR) initiatives. The Group stated that the establishment of the foundation follows a thorough review of and research on the best practices on CSR and several stakeholder engagements over the past two years. The Capricorn...