FNB Namibia temporarily closed its Swakopmund branch starting on Friday 19 June as a health and safety precaution to protect staff and customers from possible Covid-19 infection.
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2020-06-192024-05-06Business
NTA provides employers with reprieve on VET levy
The National Training Authority (NTA) this week informed stakeholders that, subject to finalisation of the requisite statutory processes, registered employers will not be required to pay the Vocational Education and Training (VET) Levy for the months of July and August.
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2020-06-192024-05-06Business
Bank of Namibia reverts to stage 1
The Bank of Namibia said it has become aware of a leaked internal memo whereby it advised its staff of the decision to revert to stage 1 lockdown.
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2020-06-192024-05-06Business
Keetmans Municipality provides relief measures for businesses and residents
The Keetmanshoop Municipality took note of the impact the Covid-19 pandemic has on residents and local businesses and has resolved to put in place temporary relief measures aiming to compensate for financial difficulties experienced by the citizenry.
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2020-06-192024-05-06Business
Olafika SME Mentorship Programme seeks 150 entrepreneurs
The Olafika SME Development and Mentorship 2020 Programme seeks to mentor 150 Namibian entrepreneurship over 10 months.
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2020-06-182024-05-06Business
Repo rate reduced to historic low as Covid-19 hammers economy
The Bank of Namibia’s Monetary Policy Committee (MPC) yesterday further reduced the Repo rate from 4.25% to a historic low of 4.00%. This latest reduction translates into a cumulative 2.50%-point reduction in the Repo rate since the beginning of 2020.
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2020-06-182024-05-06Business
Individual income tax deadline extended to 30 September
Due to public demand and the effects of Covid-19, the Ministry of Finance has extended the deadline of submitting the annual Individual Income tax returns from 30 June to 30 September 2020.
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2020-06-182024-05-06Business
Your small business can adapt to Covid-19 hindrance
The International Monetary Fund’s latest Global Financial Stability Report indicates that financial systems have already felt a dramatic impact during the Covid-19 crisis.
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2020-06-172024-05-06Business
NamPost secures N$235 million loan to grow microfinance
Namibia Post Limited (NamPost) and the French Development Agency (Agence Française de Développement (AFD) yesterday finalised a N$235 million loan facility to finance the growth of NamPost’s microfinance business through its PostFin subsidiary.
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2020-06-172024-05-06Business
Retrenched Hilton workers received full severance pay – GM
Despite more than 100 retrenched Hilton Hotel workers claiming they were frustrated by the refusal of the hotel to pay their final pay and severance packages, general manager Martin Voskamp yesterday said all workers have received what is due to them.