Business

Russian billionaire commits to corona fight

1 day - 02 April 2020 | Business

ELLANIE SMITRussian billionaire Rashid Sardarov, who owns the Marula Game Ranch near Dordabis, has committed to contributing to the fight against the coronavirus pandemic in Namibia. The total value of the pledged donation is N$405...

Watchdog wants input on bank fees

2 days ago - 02 April 2020 | Business

The Namibian Competition Commission (naCC) is seeking input on an exemption application relating to interchange fees by banks, an exemption sought for a period of three years.The Payment Association of Namibia (PAN) has in terms...

Company news in brief

2 days ago - 02 April 2020 | Business

SA banks downgraded to junkMoody’s and Fitch have downgraded big South African banks' credit ratings to junk, a move expected after the country's sovereign rating suffered the same fate last week from Moody's - the...

Covid headache for NamBrew

3 days ago - 01 April 2020 | Business

Namibia Breweries, the heavyweight on the Local Index of the Namibia Stock Exchange (NSX), has warned that the lockdown locally and in South Africa might have a financial impact on the company. In a trading...

Company news in brief

3 days ago - 01 April 2020 | Business

Standard Bank withdraws guidanceStandard Bank yesterday withdrew its financial guidance citing uncertainty caused by the coronavirus which has forced South Africa into a 21-day lockdown expected to take a toll on an already sputtering economy.Africa's...

Skorpion, MUN at loggerheads

4 days ago - 31 March 2020 | Business

Jo-Maré Duddy – The Mineworkers Union of Namibia (MUN) yesterday called for the urgent intervention of president Hage Geingob after Skorpion Zinc Mine and Refinery...

Booze sellers in trouble for defying lockdown

4 days ago - 31 March 2020 | Business

ILENI NANDJATOPolice in the north have arrested five people who refused to close their informal busi­nesses. One of them is a teacher who owns a...

NAC closes most airports

4 days ago - 31 March 2020 | Business

ELLANIE SMIT WINDHOEKWhile several regional airports in Namibia have been closed, Hosea Kutako International Airport will remain open as a diversion airport for overflight operations....

Company news in brief

4 days ago - 31 March 2020 | Business

Anglo cancels diamond sales eventAnglo American said yesterday its diamond unit De Beers Group will not hold its third sales event because of lockdowns in...

Skorpion in care and maintenance

4 days ago - 30 March 2020 | Business

Skorpion Zinc Mine and Refinery will be placed in care and maintenance during April, the company said in a statement this morning.The move will affect...

Mining faces Covid crunch

5 days ago - 30 March 2020 | Business

Jo-Maré Duddy – Mining and quarrying last year grew by -11.1% and hopes that it would be one of the main drivers of economy recovery...

Selling, buying a business as going concern

5 days ago - 30 March 2020 | Business

Many entrepreneurs at one stage consider buying or selling a business, especially in these challenging economic times. One should consider the VAT implications when deciding...

Business

Govt bails out ‘unproductive’ Kalimbeza

1 week ago - 27 March 2020 | Business

Edward Mumbuu – The Kalimbeza Rice Project in the Zambezi Region - which was on the verge of collapse - has been thrown a N$7.1-million...

Keetmans makes U-turn on street...

1 week ago - 27 March 2020 | Business

The Keetmanshoop municipality has agreed to allow street vendors to continue operating amid the Covid-19 outbreak, as it is unable to make up for the...

Company news in brief

1 week ago - 27 March 2020 | Business

Rand Refinery shuts smelterRand Refinery will shut its smelter and significantly scale down its gold refining during South Africa's 21-day lockdown over coronavirus, the gold...

Watchdog acts on price hikes

1 week ago - 26 March 2020 | Business

The average price of hand sanitiser and masks in Namibia have skyrocketed by up to 275% and 633% respectively since the outbreak of Covid-19 locally.On...

Keetmans’ vendors fume over shutdown

1 week ago - 26 March 2020 | Business

Vendors at Keetmanshoop are upset because the municipality closed them down while retailers, banks, bars and taxis in the town may continue doing business.“Will people...

Company news in brief

1 week ago - 26 March 2020 | Business

Sasol to bid to supply Eskom with powerSouth Africa's Sasol will bid to provide struggling state-owned utility Eskom with temporary supplies of power, the petrochemical...

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