Richard Branson in Namibia

Sir Richard Branson is arriving in Windhoek for more investment opportunities. The billionaire business magnate, investor and philanthropist is scheduled to meet with Namibian President Dr. Hage Geingob on Tuesday to discuss investment opportunities in the country. With over 200 companies in more than 30 countries, Branson’s visit becomes the second-high profile billionaire mapping Namibia investment opportunities after Chinese billionaire Jack Ma. This is not Branson’s first to Namibia, having been to the southern African country before…

"Richard Branson in Namibia"

Networking Dinner for Northern Entrepreneurs

WINDHOEK—Northern Radio station, Shipi FM will this month host a networking dinner for entrepreneurs at the Ondangwa Trade Fair Centre on November 11, 2017. Minister of Urban and Rural Development, Sophia Shaningwa will lead the proceedings and Shipi FM Executive Director Martin Shipanga says over 500 delegates have confirmed attendance thus far. “It’s a network session which will provide a platform for business people in the North to share ideas and form lasting relationships into…

"Networking Dinner for Northern Entrepreneurs"

MyLifeChange 247: Is BoN protecting the richer or the poorer?

WINDHOEK—The Bank of Namibia recently cautioned the public against what it termed, ‘a potential fraudulent financial scheme’, -MyLife Change 247 (also known as “MLC247”) Oshili24 followed the media-storm that ensued with the key question, has anyone been ripped off by the MLC247. As a central bank, it is only fair that the Bank of Namibia keeps the public informed of any potential activity that may negatively impact our financial system because of its “supervisory role…

"MyLifeChange 247: Is BoN protecting the richer or the poorer?"

Ranga Haikali-VARIETY

  Background Safland was founded in Pretoria, South Africa in June 1992. In the early years Safland focussed on commercial property leasing and later on started to focus on retail property leasing. Safland started with the development of mainly motor related property and completed its first “in-house” development, the Centurion Auto City (South Africa) in 1999. The first decade of the new millennium saw the company develop properties in Witbank, Centurion and Pretoria North. In January…

"Ranga Haikali-VARIETY"

Lesley Rukoro-TRACTION CONTROL

PROFESSIONAL BRIEF Born in Otjiwarongo, Lesley Rukoro studied in Namibia, South Africa and England before working in the investment industry for 12 years, seven of which he spent in his current position at Momentum Asset Management. He has also worked with the Government and the Bank of Namibia. Click here to view The Executive Namibia 2017 Vol. As one of the youngest subsidiaries of MMI Holdings Namibia, what are Momentum Asset Managements’ key milestones over the last decade? MAMN…

"Lesley Rukoro-TRACTION CONTROL"

MMI Holdings Namibia acquires Quanta Insurance

WINDHOEK—MMI Holdings Namibia Limited (MMI Holdings Namibia) and Quanta Insurance Limited (Quanta Insurance) have entered into an agreement where MMI Holdings Namibia will acquire a 70% equity stake in Quanta Insurance.   The transaction is subject to regulatory approvals from the Namibian Competition Commission and the Namibia Financial Institutions Supervisory Authority. Commenting on the transaction, Group CEO of MMI Holdings Namibia, Jason Nandago stated that, “We are pleased to enter this agreement with Quanta Insurance,…

"MMI Holdings Namibia acquires Quanta Insurance"

Bidfish profits slide 80%

Bidvest Namibia’s fishing operations—grouped under the name ‘Bidfish’—continued to face “severe adverse external market factors and environmental conditions”, as well as a shortage of own quota allocations, in its financial year ended June 30, 2017. Revenue dipped marginally to N$ 1.08 billion (US$82.8 million), but trading profit dived by 80% to N$39.5m. – “All the other divisions experienced pressure on revenue due to the recession in Namibia,” Bidvest noted of its entire Namibian operations. –…

"Bidfish profits slide 80%"

Banks face R60bn claim for selling defaulters’ homes too cheaply

By Prinesha Naidoo More than 200 people want courts to refuse execution orders if loans can be rescheduled. South Africa’s largest banks could be facing a R60 billion claim related to their conduct in attaching and selling the homes of defaulting debtors at prices below market value. About 100 000 homes have been repossessed by banks and sold in execution since 1994. It is estimated that 10% of these homes were sold for close to…

"Banks face R60bn claim for selling defaulters’ homes too cheaply"

Why Namibia has reduced Repo Rate & how you benefit from it

Story Highlights: Low food inflation AfDB’s N$3 billion rescue The Angolan N$5 billion plan WINDHOEK—The Monetary Policy Committee (MPC) of the Bank of Namibia has cut the Repo rate by 25 basis points to 6.75 percent, with effect from today, August 16, 2017. Deputy Central Bank Governor Ebson Uanguta says the Bank of Namibia (BON) was mindful of the lower inflation rate realized, and projected for the Namibian economy, the strong fiscal consolidation drive as…

"Why Namibia has reduced Repo Rate & how you benefit from it"