Business

NBL concludes wage agreement

11 hours ago | Business

Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group - successfully concluded its wage negotiations with the Shop Steward Committee members for the next two years. The two-year substantive agreement...

Company news in brief

11 hours ago | Business

Old Mutual to sell Nedbank sharesSouth Africa’s Old Mutual Ltd said on Wednesday it would sell around 5.5 million shares in Nedbank Group Ltd to select institutional investors, following the spin-off of the unit.Old Mutual,...

Ghana positive about Air Namibia Accra-London route

1 day - 18 October 2018 | Business

Air Namibia could introduce a scheduled flight from Accra, Ghana to London as from early 2019 once an agreement between the two countries has been signed.The national airline’s board chairperson, Gerson Tjihenuna together with a...

Otjikoto remains a B2Gold heavyweight

2 days ago - 17 October 2018 | Business

Jo-Maré Duddy – The Otjikoto gold mine, majority-owned by B2Gold Corp, was the third biggest contributor to the Vancouver-based miner’s total production for the first nine months of 2018.Production results released on the Namibian Stock...

Company news in brief

2 days ago - 17 October 2018 | Business

Pick n Pay H1 profit jumpsSouth African supermarket chain Pick n Pay Stores yesterday said half-year profit before tax jumped 19.1% as price cuts attracted more shoppers to its stores.The country's second-biggest grocery store chain...

Mutorwa reinstates Gawanas-Vugs

2 days ago - 16 October 2018 | Business

Transport minister John Mutorwa has back-flipped on his decision to fire Beverly Gawanas-Vugs from the Namibia Airports Company (NAC) board.Mutorwa fired the entire NAC board...

Company news in brief

3 days ago - 16 October 2018 | Business

B2Gold keen on any African assetsCanada's B2Gold Corp is “definitely interested” in any West African assets that Barrick Gold Corp may put up for sale...

New MD for Rössing

3 days ago - 15 October 2018 | Business

Richard Storrie has been appointed as the new managing director of Rössing Uranium Limited, effective 29 October 2018. He joins Rössing from Rio Tinto Serbia...

Otjikoto’s gold production above budget

4 days ago - 15 October 2018 | Business

B2Gold’s Otjikoto Mine in Namibia delivered another quarter of solid production in the past quarter, producing 42 403 ounces of gold, the company said...

The taxability of rental deposits received

4 days ago - 15 October 2018 | Business

A general pitfall we see being applied in practice is that landlords argue the fact that because they have an unconditional liability to repay the...

Namibia Red Cross appoints SG

1 week ago - 12 October 2018 | Business

Staff ReporterThe Namibia Red Cross Society has announced the appointment of Bernadette Bock as secretary-general, effective 1 October 2018. Bock brings to the National Society...

Schlettwein seeks private sector advice

1 week ago - 12 October 2018 | Business

Businessman Leake Hangala has said that tough decisions will have to be made if Namibia is to weather the economic storm she currently finds herself...

Business

Company news in brief

1 week ago - 11 October 2018 | Business

Google challenges record US$5 billion EU antitrust fineAlphabet unit Google) on Tuesday challenged a record 4.34-billion euro (US$5 billion) fine imposed by European Union antitrust...

Company news in brief

1 week ago - 10 October 2018 | Business

Microsoft's US$7.5 billion GitHub deal set for EU approval US software giant Microsoft is set to win unconditional EU antitrust approval for its US$7.5 billion...

Focus on balance in energy...

1 week ago - 09 October 2018 | Business

Yanna Smith - The second annual Russian Energy Week (REW) opened in Moscow on Wednesday last week and ended on Saturday. The event is used...

Company news in brief

1 week ago - 09 October 2018 | Business

Nigeria may reduce MTN repatriation demandThe Nigerian central bank may reduce the amount it has ordered South African telecoms firm MTN to repatriate as part...

Van Rooyen in huge loan...

1 week ago - 08 October 2018 | Business

Quinton van Rooyen, managing director of Trustco Group, and his investment vehicle, Nexus Investments, have entered into a loan agreement to provide a loan of...

Company news in brief

2 weeks ago - 05 October 2018 | Business

Ebay alleges Amazon poached sellersEbay Inc on Wednesday accused Amazon.com Inc of trying to poach sellers for its own platform through Ebay’s internal messaging system.“We...

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