News By Category Business

New vehicle sales moving in reverse gear

21 hours ago | Business

PHILLEPUS UUSIKUVehicle sales contracted by 2.0% year-on-year in December 2020, compared to a contraction of 2.2% year-on-year in December 2019, with 714 units sold in December 2019.According to Cirrus Capital (CC), total sales for 2020...

Trustco scrambles to meet JSE deadline

21 hours ago | Business

PHILLEPUS UUSIKUTrustco Holdings Limited is scrambling to finalize and submit its financials as a Johannesburg Stock Exchange’s deadline, less than two weeks away, looms. JSE announced earlier this month that the financial services company did...

COMPANY NEWS IN BRIEF

21 hours ago | Business

Amazon to open two new hubs in Italy Amazon will open two new logistics centres in Italy this year, investing over 230 million euros (US$278 million), the world’s largest online retailer said on Monday.With the...

South African Breweries cancels US$165 mln investment

1 day - 19 January 2021 | Business

South African Breweries, part of Anheuser-Busch InBev, has cancelled a further 2.5 billion rand (US$165 million) of investment earmarked for 2021 following a third local ban on alcohol sales in the country, it said on...

COMPANY NEWS IN BRIEF

1 day - 19 January 2021 | Business

Twitter locks account of Marjorie GreeneTwitter Inc, on Sunday, locked the account of Republican US Representative Marjorie Taylor Greene, a political newcomer known for promoting the baseless QAnon conspiracy theory.The social media platform suspended her...

Category

DBN keen to fast track loan payments SME's

2 days ago - 18 January 2021 | Business

PHILLEPUS UUSIKUTo avoid delays in loan payments as previously experienced in other relief packages, the Development Bank of Namibia (DBN) has a plan to ensure...

Bank Windhoek ranked as the best bank in Namibia

2 days ago - 18 January 2021 | Business

PHILLEPUS UUSIKUPSG Namibia’s 2020 Banking Review has again ranked Bank Windhoek as the best bank in the country for the second consecutive year.The ranking system...

COMPANY NEWS IN BRIEF

2 days ago - 18 January 2021 | Business

GM to invest C$1 bln in Canada plant General Motors Co and labour union Unifor said they have reached a tentative deal for the automaker...

Shoprite Tsumeb closed by community members

5 days ago - 15 January 2021 | Business

Trading at Shoprite’s Tsumeb branch was halted by community members Tuesday morning when they joined the striking employees of the shop in their demands for...

Shoprite Tsumeb closed by community members

5 days ago - 15 January 2021 | Business

Trading at Shoprite’s Tsumeb branch was halted by community members Tuesday morning when they joined the striking employees of the shop in their demands for...

Namibia’s very own Geneva Events

5 days ago - 15 January 2021 | Business

Monique AdamsFrom brand management to events, marketing and promotion, Geneva Events does it all. Besides their main areas of focus they also create promotional items...

COMPANY NEWS IN BRIEF

5 days ago - 15 January 2021 | Business

AB InBev completes Vietnam merger Anheuser-Busch InBev, the world's largest beer maker, has completed its merger in Vietnam with SAB Beer after securing approval from...

Manica pumping massive funds into...

6 days ago - 14 January 2021 | Business

PHILLEPUS UUSIKU Manica Group Namibia has recently invested in an advanced mobile hopper and bagging system, the first of its kind in Namibia and a...

GWM launches impressive P-Series

6 days ago - 14 January 2021 | Business

PHILLEPUS UUSIKUPupkewitz Motor Division recently launched the impressive new GWM P-Series at their showroom in Windhoek’s Independence Avenue. Opening the door of this vehicle, prospective...

COMPANY NEWS IN BRIEF

6 days ago - 14 January 2021 | Business

Walmart suspends contributions to USWalmart Inc, the world's biggest retailer, joined other major companies in indefinitely suspending donations to US lawmakers who voted against President-elect...

UK consumer spending slides in...

1 week ago - 13 January 2021 | Business

ANDY BRUCEBritish consumer spending fell in December at the fastest rate in six months, with pubs and restaurants especially hard hit by a resurgence of...

COMPANY NEWS IN BRIEF

1 week ago - 13 January 2021 | Business

Ford to close three plants in Brazil Ford Motor Co said it will close its three plants in Brazil this year and take pre-tax charges...

Jaguar Land Rover retail sales...

1 week ago - 13 January 2021 | Business

Jaguar Land Rover marked the end of 2020 with a second successive quarter-on-quarter recovery in sales, despite the continuing impact of Covid-19. Retail sales...