50 companies retrench in last quarter

11 February 2019 | Economics

According to the ministry of labour, industrial relations and employment creation 50 companies retrenched more than 1 600 employees in total in the last quarter of 2018.
The companies cited the economy and restructuring as the reasons for the huge lay-offs.
Full report tomorrow in Market Watch.

Similar News

 

ACC: Budget not enough to fight graft

13 hours ago | Economics

CATHERINE SASMAN The Anti-Corruption Commission (ACC) says the N$61.6 million budget proposed for its operations is woefully inadequate.The...

E-tax rollout postponed again

13 hours ago | Economics

The finance ministry introduced a new electronic income-tax filing system in January, but deadlines are repeatedly being postponed.The date when the new system must become...

Anger at poor public services 25 years into SA...

13 hours ago | Economics

Susan Njanji - Inside the conical brick tower looming over Walter Sisulu Square in Kliptown, Soweto, Busi Hlatshwayo thoughtfully studies 10 giant bronze slabs announcing...

Inflation nightmare returns to haunt Zimbabwe

13 hours ago | Economics

Fanuel Jongwe - The price of bread almost doubled for Zimbabweans last week, as the inflation nightmare that marked the rule of long-time authoritarian leader...

Chinese N$10bn loan still on the table

1 day - 23 April 2019 | Economics

OGONE TLHAGE The Namibian government is under no obligation to take up any loan offered to as part of a memorandum of...

China 'taking advantage' of Nam

1 day - 23 April 2019 | Economics

The minister of international relations and cooperation, Netumbo Nandi-Ndaitwah, recently advised a hall full of young Namibians to familiarise themselves with the content and implications...

BoN expects economic growth of 0.3%

1 week ago - 15 April 2019 | Economics

The Bank of Namibia (BoN) expects the economy to grow by 0.3% this year, according to its latest Economic Outlook released today.The Namibian economy was...

Recession butchers jobs

2 weeks ago - 10 April 2019 | Economics

Jo-Maré Duddy – From 2016 to 2018, Namibia’s total population increased by 3.8%, its population of working age expanded by 3.6%, the economically active population...

On tax-free allowances and inequality

2 weeks ago - 10 April 2019 | Economics

Sometimes, well-meant interventions have unintended consequences.One case in point are tax-free allowances, such as tax-free housing allowances, tax-free car allowances, tax-free pension fund contributions, etc....

Sub-Saharan economic growth recovery to take longer

2 weeks ago - 10 April 2019 | Economics

Omar Mohammed - The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8% from an initial 3.3%.The commodity price slump...

Latest News

Warning of dire food shortages

13 hours ago | Disasters

The latest Crop Prospects, Food Security and Drought Situation Report has predicted massive reductions for all crop-producing areas in the expected harvest season, including cereal...

Solving your challenges with remuneration

13 hours ago | Business

We live in an environment of continued cost-constraints, skills shortage and labour mobility. At the same time, there is pressure to improve productivity, and improve...

ACC: Budget not enough to...

13 hours ago | Economics

CATHERINE SASMAN The Anti-Corruption Commission (ACC) says the N$61.6 million budget proposed for its operations is woefully inadequate.The...

Do good for others

13 hours ago | Opinion

Human rights are needed to protect and preserve every individual's humanity. The Universal Declaration of Human Rights is clear in highlighting the basic rights and...

Violent Easter weekend

13 hours ago | Crime

The four-day Easter weekend was marred by a spate of violent crimes including a dozen reported sexual assaults and armed robberies, in addition to a...

Watch your mouth

13 hours ago | Politics

Only half of Namibians believe that they have the right of freedom of association, says an Afrobarometer policy paper titled 'Are Africans' freedoms slipping away?'...

E-tax rollout postponed again

13 hours ago | Economics

The finance ministry introduced a new electronic income-tax filing system in January, but deadlines are repeatedly being postponed.The date when the new system must become...

Managing fall armyworm

13 hours ago | Agriculture

The Food and Agriculture Organisation (FAO) has formulated a framework for partnerships for the sustainable management of fall armyworm in Africa which will focus on...

Meat Board sub-committees meet

13 hours ago | Agriculture

The Livestock Producers' Organisation (LPO) is represented on various sub-committees of the Meat Board and these committees met to discuss issues affecting the sector. The...

Load More