Trustco Group Holdings yesterday stated it will formally appeal both the public censure and a N$5 million fine imposed on it by the Johannesburg Stick Exchange (JSE). The JSE imposed the penalties on Trustco after accusing the Namibian company of selling off shareholding in its mining subsidiary, Meya Mining, without shareholder approval. A censure by...
The Nictus Group intends expanding its retail footprint in Namibia with the opening of a new Build It store in Rehoboth. Expected to open its doors next year, the new Build It will mark a significant milestone in the group’s ongoing commitment to empowering communities through accessible building solutions. Pending final preparations, the Build It...
TotalEnergies yesterday announced the appointment of Nicola Mavilla as senior vice president for exploration with effect from 1 November 2025. Mavilla is replacing Kevin McLachlan, who held this position since 2015. Recent TotalEnergies exploration activities have led to major discoveries over the past three years, notably in Suriname and Namibia. TotalEnergies invests around US$1 billion...
In a bold demonstration of commitment to community development and sustainable impact, Nedbank Namibia launched the 2025 Nedbank Team Challenge. This is an annual employee volunteerism initiative that empowers bank employees to actively support non-governmental organisations (NGOs) in Namibia. The initiative, which kicked off in September, saw four selected employee teams take on projects in...
Pascal Haingura has assumed the role of Executive for Engineering and Technical Services at the Communications Regulatory Authority of Namibia (Cran). Haingura’s responsibilities in his new role include overseeing all technical resources, facilitating infrastructure sharing, managing the radio frequency spectrum, managing technology and standards and numbering resources to ensure optimal and efficient service delivery. The...
The creation of a competition compliance culture within Namibia’s various economic sectors is of utmost importance. This is because compliance with competition regulations not only creates a level playing field for businesses but ensures all businesses are held to the same standards, regardless of their location, and helps prevent unfair competition practices. This was part...
Moneyweb editor and RSG Geldsake radio news presenter, Ryk van Niekerk, recently received the 2024 Sanlam Group Financial Journalist of the Year Award at a gala celebrating the 50th anniversary of the awards in Johannesburg. With over 25 years’ experience in economic, political, business and consumer financial reporting, Van Niekerk was recognised by the independent...
USAKOS – Navachab Gold Mine is set to empower entrepreneurs and small- and medium-sized enterprises (SMEs) in Usakos by constructing a dedicated SME park at the town. This is according to managing director of the mine, George Botshiwe. Botshiwe revealed this during the rotational annual trade fair held by the towns Usakos, Karibib and Omaruru. ...
Namibia reaffirmed its commitment to the Chicago Convention when works and transport minister Veikko Nekundi, attended the 42nd session of the International Civil Aviation Organisation (ICAO) Assembly last week. The session was hosted at organisation’s headquarters in Montréal, Canada from 23 September to 3 October 2025. The Chicago Convention, previously known as the Convention On...
The registration deadline is fast approaching for the Infrastructure Development Forum organised by the Construction Industries Federation of Namibia (CIF). It is scheduled for Lüderitz from 14 to 16 October 2025. The forum is expected to offer a unique opportunity for contractors, small and medium enterprises, building material suppliers and financiers to gain upfront knowledge...