Business

Standard Bank has cautioned the public to be vigilant as incidents of vishing are becoming more prevalent, resulting in many clients losing their hard-earned money at the hands of criminal syndicates.

Some relief for motorists and consumers is expected on Wednesday, 4 March, as the Ministry of Mines and Energy has confirmed that Diesel 50 PPM will decrease 30 cents per litre, while 95 Octane Unleaded Petrol will remain unchanged

The just-released 2019 Fraser Institute survey of Mining Companies indicates a slight improvement in Namibia as an attractive mining jurisdiction.

The Bank of Namibia (BoN) has predicted economic growth of 1.5% this year; however, a key sector such as agriculture is expected to remain in contraction.

The Government Institutions Pension Fund (GIPF) is a statutory pension fund that was created by the Namibian government to provide pension and other related benefits to civil servants as well as employees of participating institutions established by Acts of Parliament. GIPF is a defined pension fund that provides guaranteed pension benefits to its large membership base, and the benefits are defined in terms of the Rules of the Fund.

Popular Democratic Movement (PDM) parliamentarian Nico Smit said the loopholes created by the tax concessions for Export Processing Zone (EPZ) companies and certain manufacturing firms have long been a direct and substantial source of revenue loss for the government.

Telecommunications giant MTC has set its sights on providing low-cost houses to the homeless and targets to hand over close to 270 houses in the next two years, said Tim Ekandjo, chief human capital and corporate affairs officer at MTC.

Minister of Information and Communication Technology Stanley Simataa this week motivated the Communications Amendment Bill in the National Assembly.

MTC executive Tim Ekandjo yesterday announced the completion of phase one of the 081Every1 network project, which was worth N$232 million. He said the 081Every1 network project is well on track.

Minister of Finance Calle Schlettwein says Public-Private Partnerships (PPPs) are an excellent opportunity for the development of the Namibian economy.