Observer – Page 533 – Windhoek Observer

02 Mar

NHE Supplicates for Striking Employees’ Return

ObserverFeaturedGisbertus Mukulu, National Housing Enterprises (NHE), NHE Supplicates for Striking Employees’ Return

Steve Nashama Yesterday, the National Housing Enterprises (NHE) announced that it values all its employees, and if conditions were normal, it would have done all in its power to find a middle-ground to meet some of the monetary demands. The strike officially commenced last week Friday, the 24th of February at all NHE offices countrywide, in which employees are demanding for seven per cent salary increment. “However, we must bear in mind that, given the current challenging economic climate, a salary increase of 7% is just not financially possible. NHE staff members are still gainfully employed with full benefits despite…

02 Mar

Outapi slated for Independence celebrations.

ObserverFeaturedAudrin Mathe, Ministry of Information and Communication Technology, Outapi slated for Independence celebrations.

Steve Nashama All roads lead to Outapi in the Omusati Region for the Independence celebrations on 21 March, under the theme “A people United for Prosperity.” This was announced today by the Ministry of Information and Communication Technology in a media release. President Hage Geingob will be the keynote speaker at the event, according to Audrin Mathe, Executive Director in the MICT. The ministry indicated that preparations are well underway for this year’s celebration and the Government wishes to invite Namibians from all parts of the country to come together and celebrate the selfless acts of sacrifice whilst reaffirming unity…

02 Mar

Trustco Group’s net asset value increases.

ObserverNational NewsInternational Financial Reporting Standards (IFRS 10), Quinton van Rooyen, Trustco Group’s net asset value increases.

Martin Endjala The Trustco Group Holding’s net asset value has increased by 362 percent to N$1,8 billion and the group’s after tax profit increased by 257 percent to a profit of N$1,4 billion as per the group’s latest financial results. Basic earnings per share increased by 268 percent to 145.89 cents compared to a loss per share of 86.66 cents last year. The group announced its 2022 financial year results yesterday, and has reported strong financial results for the 12 months ended 31 August 2022, along with its 30th consecutive unmodified audit report. The group has achieved a compounded annual…

28 Feb

Are unions still relevant in the country?

ObserverMainAre unions still relevant in the country?, Namibia Economic Freedom Fighters (NEFF)

Martin Endjala The recent events of exploitation of workers by employers and the downing of tools by workers has put workers unions on the spot, with many questioning the relevance of unions. Many claim that unions are absent of and no longer represent workers fairly. Unions are now under immense pressure to up their game or risk losing members as some feel that it is pointless to belong to a union and not benefit. Kalimbo Iipumbu, Vice President of the Namibia Economic Freedom Fighters (NEFF) said today that unions are useless, in that they are only pocketing money from workers.…

28 Feb

Eight students benefit from BoN

ObserverNational NewsCorporate Social Responsibility (CSR), Eight students benefit from BoN, Sandra Garises

Hertta-Maria Amutenja The Bank of Namibia, through its Corporate Social Responsibility (CSR) initiatives awarded eight students with bursaries to pursue their tertiary education in various fields of studies at SADC institutions of higher learning. The students were accepted to pursue their studies in accounting, mathematics, economics, statistics and IT (artificial intelligence) for undergraduate and postgraduate studies at the University of Namibia, Namibia University of Science and Technology, University of Stellenbosch and at the University of Cape Town. “The Bank awards bursaries based on merit after a thorough search and interviews with selected individuals. To date, the Bank has availed 183…

28 Feb

Taxi union pushes for N$26 per trip despite backlash

ObserverFeatured, National NewsMinistry of Mines and Energy, Taxi union pushes for N$26 per trip despite backlash, Werner Januarie

Steve Nashama The Namibia Transport and Taxi Union(NTTU) says it will not be discouraged by public opinions on its intention to increase taxi fare by 100 percent, which would mean N$26 per trip. The union’s President, Werner Januarie says the increment is more than justified, since they put in the request about three years ago. The current taxi fare stands at N$13. The union’s request follows an announcement made by the Ministry of Mines and Energy about the increase of petrol prices. Diesel prices remain unchanged, the ministry said. Januarie said It has been about two to three years since…

28 Feb

Labour Minister wants SSC workers to improve performance

ObserverNational NewsLabour Minister wants SSC workers to improve performance, Utoni Nujoma, “Promotion of the Welfare of the People”

Martin Endjala The Minister of Labour, Industrial Relations and Employment Creation Utoni Nujoma has appealed to the Social Security Commission (SSC) employees to embrace their duties and deliver services to the masses as mandated in a timely manner. He said this during the SSC 28th-anniversary celebration last week under the theme “We are because of others’’, where he said that social security is both a human right and a socioeconomic necessity, that the right to social security is recognized in the Universal Declaration of Human Rights and many other international instruments. “I, therefore, appeal to each of you to execute…

28 Feb

SA greylisting a wake up call for Namibia

ObserverFeatured, National NewsFinancial Action Task Force (FATF), local Economist Theo Klein, SA greylisting a wake up call for Namibia

Martin Endjala The Institute for Public Policy Research (IPPR) Director Graham Hopwood has cautioned the Namibian government to use South Africa’s greylisting by the Financial Action Task Force (FATF) as a warning to relook its anti-money laundering systems, to align it with international laws and international standards. The FATF is the global money laundering and terrorist financial watchdog. “Namibia also has to meet the same standards in terms of tackling anti-money laundering,while introducing effective systems and if we don’t we will also be grey-listed by the FATF”, said Hopwood in an interview. He added that this is a warning sign…

28 Feb

Is Windhoek officially a dysfunctional city?

ObserverNational NewsErastus Uutoni., Is Windhoek officially a dysfunctional city?, Robert Kahimis

Hertta-Maria Amutenja The City of Windhoek(CoW) Council has yet again failed to elect two additional members to the Management Committee, at a special meeting that was scheduled to take place this evening. The meeting has since been postponed to 2 March 2023, a day before the deadline set by Minister of Rural and Urban Development, Erastus Uutoni. The city has been labeled dysfunctional due to internal disputes, ranging from the City’s three-year absence of a substantive Chief Executive Officer and disagreements between Council members. Since the resignation of Robert Kahimise as Chief Executive officer at the end of October 2020,…

28 Feb

NALOBA lauds DBN’s interest-free recovery loans

ObserverNational NewsNALOBA lauds DBN’s interest-free recovery loans, Peter Amadhila

Martin Endjala The Namibia Local Business Association (NALOBA) Vice President, Peter Amadhila commended the Development Bank of Namibia (DBN) and the German Development Bank’s (KfW) initiative to introduce a 12-months free interest loan for businesses in the county. “As an association of native businessmen and women in Namibia, NALOBA would like to applaud the greatest initiatives taken by the Development Bank of Namibia and KfW to give recovery loans six percent interest-free on the first 12 months”, Amadhila said during an interview with the Windhoek Observer. He says this demonstrates the bank’s trust in the Namibian business community and a…