Business

Agra recovers from dry profit spell

1 day - 30 October 2020 | Business

A N$56-million increase in revenue from contracts with customers helped to boost Agra Limited's operating profit for its past financial year by nearly 7% to about N$61.7 million.“Comparing our growth in operating profit to that...

Company news in brief

1 day - 30 October 2020 | Business

SAA gets bail-out billionsThe South African government on Wednesday announced the release of R10.5 billion needed to fund a rescue plan for struggling state-owned South African Airways.The payment is funded through cuts in spending elsewhere...

Good profit harvest for Agra

2 days ago - 29 October 2020 | Business

Jo-Maré Duddy – Agra Limited reported a profit after tax of about N$26.8 million for the year ended 31 July 2020, up nearly 11.7% from the previous 12 months.Agra’s latest results were released on the...

Construction industry coughing blood

2 days ago - 29 October 2020 | Business

JEMIMA BEUKESWINDHOEKAfter taking massive body blows over the last five years, the construction industry is now profusely bleeding jobs and on the verge of collapse, a report released yesterday indicates.The report – by the Construction...

Airline revenues to drop by half

2 days ago - 29 October 2020 | Business

Airline industry revenues are expected to remain 46% lower in 2021 than the US$838 billion booked in the last pre-coronavirus year of 2019, industry body IATA said in a marked worsening of its forecasts.Its previous...

Company news in brief

2 days ago - 29 October 2020 | Business

Microsoft beats sales estimatesMicrosoft Corp beat Wall Street estimates for quarterly revenue and profit, powered by a slight uptick in growth in its flagship cloud...

VAT and Namibian tour operators

3 days ago - 28 October 2020 | Business

The VAT Act defines a “tour operator” as any person whose supply mainly consists of packaged holiday tours with all arrangements made at an inclusive...

Company news in brief

3 days ago - 28 October 2020 | Business

IDC’s investments take big hitSouth Africa's state-owned Industrial Development Corporation (IDC) said it would diversify its equity investments after reporting on Monday a sharp decline...

Africa's miners face new TB threat

3 days ago - 28 October 2020 | Business

Kim Harrisberg - Vama Jele's heart dropped every time he heard that another migrant miner home from South Africa had died from tuberculosis (TB) due...

Thousands register for phosphate jobs

4 days ago - 27 October 2020 | Business

ELLANIE SMITWINDHOEKNamibian Marine Phosphate has received more than 4 000 registrations within the first two weeks of its job registration drive in preparation for its...

Shifeta: Tourism revival ongoing

4 days ago - 27 October 2020 | Business

The latest relaxation of travel controls does not mean the end of the International Tourist Revival Initiative (TRI). This is according to tourism minister Pohamba...

Am Weinberg owner to oppose liquidation

4 days ago - 27 October 2020 | Business

OGONE TLHAGE - Property owner Archie Graham is opposing the liquidation of the Am Weinberg Boutique Hotel and various other businesses owned by him. Bank...

Business

Company news in brief

5 days ago - 26 October 2020 | Business

Barrick Gold plans to expand in TanzaniaBarrick Gold Corp said on Friday Tanzania has awarded 10 new exploration licenses to the Canadian miner and it...

Data breaches becoming more common

1 week ago - 23 October 2020 | Business

John Mc LoughlinSouth African businesses are becoming more susceptible to cyberattacks and seem to be easy targets for criminals. Data breaches are now a common...

Maize meal products prices...

1 week ago - 23 October 2020 | Business

PHILLEPUS UUSIKUNamib Mills announced that that there will be a price decrease on all maize meal products effective, 1 November 2020.The Namibian maize industry is...

It’s a small world after...

1 week ago - 23 October 2020 | Business

Gerine Hoff There is almost no industry in the country that has not borne the brunt of Covid-19, but along with the hospitality industry, the...

COMPANY NEWS IN BRIEF

1 week ago - 23 October 2020 | Business

Apollo seeks to tame investor concerns Apollo Global Management Inc said on Wednesday it would launch an independent review of chief executive Leon Black's ties...

'Many won't survive pandemic'

1 week ago - 22 October 2020 | Business

More than a quarter of businesses surveyed between May and July had to retrench employees, while a further 8% planned to follow suit within the...

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