Submitted by Sun Reporter2 on Tue, 2013-03-26 08:05
DURBAN - NAMPA/AP
Leaders from the emerging block of nations are expected to launch a joint development bank to rival westerndominated institutions.
The grouping of Brazil, Russia, India, China and hosts South Africa will meet in Durban this week to set up an infrastructure-focused lender that would challenge seven decades of dominance by the World Bank.
Submitted by Sun Reporter2 on Mon, 2013-03-25 08:45
Founding President Dr Sam Nujoma (center) has confirmed his acceptance to serve as patron of the Otavi Investment Expo and Festival, which takes place at the Otjozondjupa town between April 24 and 28. The event is among the Otavi Town Council’s efforts to aggressively market the town and its investment opportunities. It is set to become an annual expo. Nujoma is scheduled to deliver the keynote address at a fundraising gala dinner prior to the event on April 13, at the Paresis Sports Field in Otjiwarongo. Read more about Honoured
Submitted by Sun Reporter2 on Mon, 2013-03-25 08:42
WINDHOEK - DENVER ISAACS
A recent survey of 1200 Namibians found that citizens are generally happy with the state of the country’s economy and direction.
Namibians emerged as the most optimistic among their African peers about the performance of their national economy and the general direction of country, according to a recently released series of public attitude surveys.
According to the Afrobarometer, which covers up to 35 African countries and is locally coordinated by the Institute for Public Policy Research (IPPR), 62% of Namibian surveyed in 2012, believed the economy to be in ‘fairly good or very good’ shape. Another 71% of respondents felt the country is headed in the right direction. Read more about Namibians optimistic over economy’s performance
Submitted by Sun Reporter2 on Mon, 2013-03-25 08:40
JOHANNESBURG - NAMPA/ SAPA
The SA power utility sells 9% of its electricity to BHP Billiton’s two aluminium smelters at less than onefith of the tariff paid by other consumers, Beeld reported on Friday.
Preferential electricity tariffs for two smelters, Hillside in Richards Bay and Mozal in Maputo, have caused a stir in South Africa, where ordinary customers are forking out a fortune for electricity.
The reduced power cost has enabled the two loss-making smelters to be sustained, while the rest of the country’s consumers, both household and industrial, pay much higher electricity prices. Read more about Mines get cheap ride from Eskom
Submitted by Sun Reporter2 on Fri, 2013-03-22 08:07
JOHANNESBURG - NAMPA/SAPA
The company has been accused of being in contempt of court after refusing to pay out the former partner of a homosexual client.
The Allan Gray Retirement Annuity Fund has ignored a court order to transfer money from the pension fund of one of its clients to his homosexual former partner, a law firm claimed on Tuesday. Read more about Allan Gray accused of bigotry