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...
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-,...
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...
For far too long, low-income earners have been left out of the housing market in the country, for simple reasons of building materials’ price and labour and land being out of their financial reach.These were the remarks of Minister of Urban and Rural Development Erastus Uutoni on Thursday, during the signing ceremony of contractors tasked...
Governor of Bank of Namibia, Johannes !Gawaxab, said the country needs to dedicate time to dissect growth constraints to the domestic economy and then devise and implement the necessary strategies to overcome them. While delivering his maiden governors address last week at the 30th anniversary of the bank, he said the Namibian economy needs structural...
The Namibia Statistics Agency is commencing with the census mapping exercise, which was put on hold end of March 2020 due to Covid-19. It commences today and will run until mid-December 2020. The census mapping exercise, in simple terms, is a census of built up infrastructure in the country. What the NSA literally does is...
Bank Windhoek has become the first Namibian bank to introduce a mortgage loan that encompasses extended repayment terms for first-time home buyers. This means maiden buyers, who intend to purchase a residential property with a value of between N$500 000 and N$2 million, can now apply for a mortgage loan with an extended term of...
The National Petroleum Corporation of Namibia (Namcor) has confirmed that all four of its employees, who were recently quarantined on account of having contact with Covid-19 positive employee, have tested negative for the disease. Namcor resumed normal business on Monday, 13 July 2020. A company spokesman said Namcor remains committed to the safety of its...