IN a fashion similar to the removal of the Managing Director (MD) of Air Namibia Theo Namases, the new board of TransNamib appears to have adopted the same strategies to oust MD Sara Naanda.Barely four months after resuming office, the new board has already started stripping the incumbent MD of certain powers, such as the signing rights to major contracts.
FURTHER investigations into the alleged loss of jobs by Namsov workers due to quota cuts have revealed that the company appears to have provided misleading information in order to depict a bogus crisis. Last week the company claimed that it had to lay off 120 workers from Trachurus Fishing, a subsidiary of Namsov Fishing, because of the way the Minister of Fisheries and Marine Resources Bernard Esau allocated horse mackerel quotas.
The late Governor of Omaheke Region and former Mayor of Grootfontein, Rapama Rehabeam Kamehozu left an estate worth N$5,795,790. Kamehozu passed away last year after succumbing to cancer.
THE increasing number of micro-lender companies in the country is a sign that not only is borrowing on the increase, but that quick, high-interest lending of cash is still a lucrative business.
THE official countdown to the biggest rock festival in the country kicked off last week with the announcement of acts that will take part in the Tafel Lager Namrock Festival 2014. Now in its 10th year, the rock festival has become one of the biggest music festivals on the Namibian music scene.