Business

The Export Processing Zone (EPZ) Act (Namibia) was implemented to meet the country’s industrialization goals. The policy is currently in the process to be phased out and replaced by the Special Economic Zone Act (SEZ) which might take another year before being fully implemented.

The International Air Transport Association (IATA) released data for global airfreight markets showing that African carriers posted the fastest growth of any region in January 2020. 

African governments still need to do far more to strengthen their cultures of governance, ethical and professional leadership.

Businesses that thrive during uncertainty are those that have eagle eyes to identify critical opportunities within their macro-economic environments. Internal positioning is one of the core critical elements that help organisations create competitive capabilities in order to navigate all economic volatilities.

The national rail services operator, TransNamib, recently successfully hosted its first annual general meeting (AGM) in seven years where it presented the government, as its sole shareholder, with an unqualified audit for the past financial year.

The prolonged recession that has gripped the domestic economy for the better part of the last three to four years is expected to be something of the past, as the International Monetary Fund (IMF) on Monday projected that Namibia will see positive growth in 2020 as the drought fades and mining production picks ramps up.

Air Namibia on Sunday confirmed the suspension of three of its senior managers with immediate effect. The suspensions, which took effect on Friday, 28 February were of Wimpie van Vuuren, senior manager: sales and  marketing; Johannes Blaauw, manager: cargo sales, and Abraham Nasab, manager: cargo operations.

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.