Business

RCC defends Kwane tender

20 hours ago | Business

The board chairperson of the Roads Contractor Company (RCC), Fritz Jacobs, has slammed any suggestion that the parastatal has enlisted alleged briefcase companies for multimillion-dollar tenders for the supply and delivery of heavy equipment.Jacobs suggested...

Vehicle sales under pressure

20 hours ago | Business

Amendments made to the Credit Agreement Act are biting hard into vehicle sales. The amendments make provision for potential owners to pay a 10% deposit and to pay off their vehicles within 54 months while...

2016 a bad year for car sales

20 hours ago | Business

A total of 1 066 vehicles were sold in December, a 19.1% month-on-month drop from the 1 317 vehicles sold in November, and 32.7% lower than December 2015 when 1 583 vehicles were sold.For the...

S8 launch delayed

20 hours ago | Business

Samsung Electronics indicated yesterday that its latest flagship Galaxy S smartphone could be delayed as it pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices.Wrapping...

Opec shrugs off Trump threat

20 hours ago | Business

The Organisation of Petroleum Exporting Countries' (Opec) two biggest suppliers to the US shrugged off a vow by President Donald Trump to end dependence on the group's oil, saying the world's biggest economy would continue...

Reduce civil service – DTA

20 hours ago | Business

With a possible downgrade by ratings agencies Fitch and Moody's a possibility, DTA of Namibia secretary-general Nico Smit recently expressed his dissatisfaction with government's spending...

Skorpion lays off 278 workers

1 day - 23 January 2017 | Business

STAFF REPORTERThe Skorpion Zinc mine will retrench 278 employees as part of its restructuring process.Its general manager, Irvin Simataa made the announcement.This is the second...

Pushes for Consumer Protection Act

1 day - 23 January 2017 | Business

The leadership of the Namibia Chamber of Commerce & Industry (NCCI) Northern Branch last week welcomed a tax amnesty announced by the government and urged...

House price growth expected to slow down

1 day - 23 January 2017 | Business

Property prices rebounded in the third quarter of 2016 as the FNB National Price Index recorded a 27% increase compared to the same quarter in...

Gondwana welcomes new MD

1 day - 23 January 2017 | Business

Having steered the Gondwana ship for 21 years, Manni Goldbeck recently stepped down, leading to the appointment of new managing director Gys Joubert. He...

Nedbank finances Dunes Mall

1 day - 23 January 2017 | Business

Nedbank Namibia has secured yet another milestone deal, financing the Dunes Mall in Walvis Bay. The Dunes Mall development is located on the main...

Naspers seeks partnerships

4 days ago - 20 January 2017 | Business

Naspers Limited, the biggest company by market capitalisation on the JSE, is seeking partnerships with mobile-phone operators on the continent to boost its video-on-demand business...

Business

Langer Heinrich production declines

5 days ago - 19 January 2017 | Business

Uranium miner Paladin Energy has reported a 7% decline in uranium oxide production at its Langer Heinrich mine during the three months to December. ...

Team Namibia project to assist...

5 days ago - 19 January 2017 | Business

Team Namibia will soon embark on an 18-month business development project to increase the production and trade capacities of small and medium enterprises (SMEs). ...

Deep cut in construction spending

5 days ago - 19 January 2017 | Business

STAFF REPORTER A total of 131 building plans were approved in Windhoek in December, with a value of N$108.2 million.For...

Call for collaboration in diamond...

5 days ago - 19 January 2017 | Business

Speaking at a reception for customers of its Global Sightholder Sales business during the first Sight of 2017, Bruce Cleaver, De Beers' group chief executive...

Shoprite shows exceptional growth

5 days ago - 19 January 2017 | Business

The Shoprite Group reported excellent growth for the six months to December 2016, increasing turnover by 14% from N$62.5 billion to N$71.3 billion unaudited results...

Schlettwein leads delegation to Africa-France...

6 days ago - 18 January 2017 | Business

Finance minister Calle Schlettwein was recently in Bamako, Mali, to attend the 27th session of the Africa-French summit which ended on Saturday. Schlettwein was...

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