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"

Shares galore as Letshego lists on the Stock Exchange

WINDHOEK-Letshego Holdings Namibia (LHN) is now offering its shares for sale to Namibians through a planned Initial Public Offering (IPO), enabling locals to be part of Letshego Namibia’s history of improving life. Letshego’s purpose is to provide simple, appropriate and accessible solutions to the financially under-served and excluded in a sustainable manner, including, but not limited to, Government employees. In line with this, the planned IPO will include people who are typically financially excluded, and…

"Shares galore as Letshego lists on the Stock Exchange"

Benchmark Retirement Fund passes N$2 billion in assets  

  WINDHOEK- Local pension umbrella fund, Benchmark Retirement Fund has announced its 2016 results where Principal Officer Kai Friedrich said investments held by the Fund’s members grew by N$164 million during 2016, and assets  under management of its 8,778 members, hit N$2,155 billion Of the 8,778, Friedrich said, 657 were individual members and the remaining 8121 were members under participating employer groups. The Fund also provides umbrella fund Alex van Wyk solutions to employer groups…

"Benchmark Retirement Fund passes N$2 billion in assets  "

Govt Bungles New Procurement Supplier Eligibility

By Yvonne Boois (Former Hardap Region Chief Regional Officer) WINDHOEK-As from June 2017, while reading the daily newspapers I picked up the call for the submission of company profiles for the creation of a supplier eligibility list of companies for the provision of goods and services to the different Ministries; SOE’s; Regional Councils; Municipalities; Town Councils and Village Councils. I would have think that a public announcement and sensitizing of the public on the new…

"Govt Bungles New Procurement Supplier Eligibility"