2018-09-07Edgar Brandt WINDHOEK – Local economic analysts have cautioned that South Africa’s technical recession could have serious implications for Namibia’s sovereign credit ratings recovery efforts, will in all likelihood exert increased pressure on already declining disposable incomes and is expected to result in decreased Southern African Customs Union (SACU) revenue which will mean more domestic fiscal constraints View more
2018-09-06Staff Report 2 I would like to first thank the organisers of this event for their invitation for me to speak at this event this morning, where the topic of discussion is inequality in society. We all know that of late the issue of inequality has become topical globally. View more
2018-09-06Staff Reporter WINDHOEK - The Roads Authority’s (RA) Board of Directors has confirmed the re-appointment of Conrad Mutonga Lutombi as the authority’s chief executive officer for a second term. The re-appointment, which is effective from October 1, 2018, for a 5-year period, was announced in a statement by RA Board Chairperson Brian Katjaerua. View more
2018-09-06Staff Reporter WINDHOEK - FNB Namibia has released the housing index based on figures obtained from June 2018. According to FNB analyst Josephat Nambashu, although house prices increased by 0.8 percent y/y in June, property prices remain under pressure, after a series of annual falls over the last nine months, to bring the average house price to just over N$1.2 million. “The continued drop in the economy and the View more
2018-09-05Edgar Brandt WINDHOEK - The City of Windhoek (CoW) recently announced the implementation of the Sectional Title Act of 2009 that requires owners of sectional titles to submit title deeds and related documents to the city by no later than September 30, 2018. A recent advertisement by the CoW in local newspapers warned that “failure to provide the required information by the due date will result in levying the v View more
2018-09-05Edgar Brandt WINDHOEK – At one minute past midnight last night motorists started forking out 40 cents a litre more on all petroleum products, bringing the price of petrol at Walvis Bay to NS12.95 per litre, diesel 500ppm to NS13.28 per litre and diesel 50ppm to NS 13.33 per litre. While the new fuel prices are astronomical for Namibians, these figures are still below but are fast approaching the current averag View more
2018-09-04Staff Reporter WINDHOEK - FNB Namibia held a breakfast celebration at the end August and Women’s Month under the theme ‘Grit and Perseverance.’ Elzita Beukes, Communications Manager at FNB Namibia said the purpose of the event was to celebrate female employees at FNB and to inspire them to be resilient even when times get tough. Speaking at the event, Nangula Kauluma, FNB Executive Officer: Premium Banking highl View more
2018-09-04Staff Reporter WINDHOEK – A Walvis Bay native spent two years in the United Kingdom on a working holiday, John Weber started out cleaning construction sites in the UK but always knew he would come back home. On his return, he held several jobs and eventually walked away from his last position to start his own business. View more
2018-09-04Staff Reporter WINDHOEK - The Bank of Namibia (BoN) recently released selected statistical data for July 2018 that indicates that accumulated private sector credit extension (PSCE) to businesses and individuals now amounts to over N$93 billion. View more
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