Business (58)

  • 19
  • May
Treasury has released N$600 million towards settling unpaid Public Service Medical Aid Scheme (PSEMAS) service providers and other contractors’ bills that had been outstanding since the last financial year, Finance Minister, Calle Schlettwein, has said.
  • 19
  • May
The hefty cut in Government spending on new vehicles coupled with amendments to the Credit Agreement Act, which now makes a 10 percent deposit mandatory on new purchases, has hit car sales hard.
  • 19
  • May
Analysts have welcomed the N$3 billion African Development Bank (AfDB) loan facility secured by Government last week, while also advising Government to spend the money wisely.
  • 19
  • May
Total outstanding State-Owned Enterprises (SOEs) debt dropped slightly last year to N$6,2 billion mainly due to bonds that were repaid at maturity during the 2016 financial year.
According to the Bank of Namibia’s Financial Stability Report for April 2017, the total debt outstanding of SOEs decreased slightly in 2016 from N$6,5 billion the previous year, with the foreign and local debt portfolios of SOEs declining by 4,6 percent and 2,3 percent, respectively.
  • 19
  • May
Old Mutual, one of the leading financial services providers in Namibia, celebrated 172 years of existence on Wednesday.
With over 900 employees in Namibia, Old Mutual has been voted the best employer since 2012.
  • 19
  • May
Most retired people prefer to live quietly off their pensions, but that is not the case with Jacqueline Kandjiriomuini (46), who, when she saw retirement dawning on her, started a company that is in line with her former work.
  • 19
  • May
Only 566 and 76 building plans were approved and completed respectively in the first quarter of this year, marking the lowest number of plans approved and completed since 1991.
According to an IJG Securities report released this week, 143 building plans were approved in April with a value of N$112,9 million, while nine buildings with a value of N$26,7 million were completed.
  • 19
  • May
FNB Namibia has urged the public to exercise caution as a malware attack, called “WannaCry ransomware” that has been infecting computers and extorting money from its victims worldwide since Friday last week, causes havoc.
  • 19
  • May
Namibia Wildlife Resorts (NWR) is improving its Terrace Bay resort, in addition to modernising Okaukuejo’s restaurant, with the upgrades aimed at bringing the facilities up to the standard of its other renovated establishments and to ensure customer satisfaction.
  • 19
  • May
Government Institutions Pension Fund (GIPF) has received all regulatory approvals to acquire a 25 percent interest in Capricorn Investment Group Limited.
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WINDHOEK OBSERVER

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