Business (558)

  • 28
  • Apr

Rössing Uranium’s plans to build a N$200 million desalination plant at the coast has hit another snag after the Rio Tinto-owned business announced this week that Government has been dragging its feet in issuing the miner with the required water permits.

  • 28
  • Apr

Namibia Breweries Limited (NBL), a unit of the Ohlthaver and List (O&L) Group, has not ruled out introducing flavoured beer products either onto the Namibian or South African market.

  • 28
  • Apr

The Road Fund Administration (RFA) has laid out plans to automate Mass Distance Charges (MDC), in a bid to improve revenue collection. The envisioned technology will track the distance covered by vehicles exceeding a Gross Vehicle Mass of 3,5 tonnes, and automatically report kilometres travelled to a central system.

  • 28
  • Apr

Uranium miner, Rössing Uranium, this week called on the crafters of the New Equitable Economic Empowerment Framework (NEEEF) to carefully consider making the proposed 25 percent ownership transfer, sector specific instead of blanket legislation due to the varying capital requirements for the various economic sectors.

  • 28
  • Apr

B2Gold’s Otjikoto Mine is this year expected to produce between 165,000 and 175,000 ounces of gold at cash operating costs of between US$510 and US$550 per ounce. The mine produced 166,285 ounces of gold in 2016.

  • 28
  • Apr

Ebenecia Tjiveta of Onyose Trust was recently named as one of Standard Bank’s Woman of Excellence in 2016 for her work with mentally and physically disabled people. Standard Bank supports the development, empowerment and recognition of women in all sectors of society by contributing financially towards the Namibian Women of Excellence project through the Miss Namibia Pageant.

  • 28
  • Apr

Air Namibia Executive Committee (Exco) members have signed performance agreements, as a commitment to attain strategic objectives outlined in the national airline’s five-year strategic plan for the period 2016/17-2020/21.

  • 21
  • Apr

Stanlib Namibia says it is in the process of developing its local unlisted capability that will see the asset management firm invest in private equity or infrastructure in the near future. The investment management services provider, with over N$6 billion worth of assets under management, says it stands ready to comply with the proposed amendments to Regulation 28, Regulation 15 and Regulation 29 among others, that will be amended to gradually lift the domestic asset requirement threshold from the current 35 percent of total assets to 45 percent.

  • 21
  • Apr

The Namibia Chamber of Commerce and Industry (NCCI) has claimed that its members are owed in excess of N$500 million by Government in unpaid invoices for services rendered or goods supplied.

NCCI Chief Executive Officer, Tarah Shaanika, this week appealed to the Government to prioritise the payment of all outstanding debt owed to businesses or risk company closures and further job losses. Shaanika claimed that some of their members were either being liquidated or were at risk of being liquidated because of Government’s delay in payment, while some members were finding it difficult to continue operating at the same level as before because of Government’s budget cuts.

  • 21
  • Apr

FNB Namibia Holdings subsidiary, Ashburton Fund Managers Namibia, is expected to be operational by June, after the asset management firm secured a licence from regulators in December. FNB Chief Marketing Officer: Strategic Marketing and Communications, Tracey Eagles, told the Windhoek Observer this week that Ashburton Namibia’s licence was given the regulatory green light well before the Pointbreak acquisition approval came through last month.

WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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