Windhoek Observer – Page 593 – Windhoek Observer

20 Jun

Dippenaar convicted on six counts of murder

Main

Niël Terblanché “I have been waiting for a long time. Justice was served.” These were the words of Antonia Joschko on the steps of the Swakopmund Magistrate’s Court after Jandre Dippenaar was found guilty of, amongst others, six counts of murder. Besides Dippenaar, she is the only other survivor of a horrific car crash between a Ford Ranger and a Toyota FJ Cruiser near Henties Bay on 29 December 2014. The crash claimed the lives of her father, mother and sister, along with the lives of three young Namibians. The people who died in the horrific crash were German nationals…

20 Jun

Not much in South African GNU given colonial project of capitalism

Opinions

CAN any one coming from the background of the colonial project of the West put any premium on the much vaunted developments in South Africa, which are very much still work in progress if not very much fantasies of white liberalism as well as opportunists and liberation pretenders running out of ideas and their grands schemes being shown for what they really are and have been. Very much a neo-colonial project that it is and has been, which is part of the grand colonial project which is part of the global capitalist imperial project, which has seen the South being…

20 Jun

Shifeta to appoint environmental officers

Latest

The minister of Environment, Forestry, and Tourism, Pohamba Shifeta, is expected to appoint environmental officers on Friday at the ministry's headquarters in Windhoek.This is in accordance with the Environmental Management Act (EMA), Act no. 7 of 2007, which promotes the sustainable management of the environment and the use of natural resources.“Given the growing number of environmental crimes regulated under Section 27 of the EMA and the limited staff complement of the Directorate of Environmental Affairs (DEA), the is activating Section 18 of EMA which gives the minister powers to appoint Environmental Officers as he or she considers necessary to carry…

20 Jun

GIPF debt swap, a possibility

Observer MoneyGIPF debt swap

CHAMWE KAIRA Moody’s Investment Services expect the government to meet the upcoming Eurobond maturity without significantly drawing down the economy's foreign reserves, including by partially refinancing the bond in international capital market by resorting to a debt-for-asset swap operation with the Government Institutions Pension Fund (GIPF) akin to the transaction performed with the US$500 million in November 2021 Eurobond maturity in the face of disrupted international capital markets. The stock of international reserves stood higher at N$55,6 billion as at 31 May, up from N$54,3 billion on 31 March supported by higher SACU receipts. According to a document shared with…

20 Jun

Demand for SA maize grows

Observer Money

CHAMWE KAIRA Namibia is on list of countries that are expected to depend on maize imports from South Africa due to the impact of the El Nino on other Southern African countries including Zimbabwe, Zambia Botswana, Namibia and Mozambique. The Namibian Agronomic Board said in March that Namibia expects to import 162 000 tonnes of white maize in the 2023/24 season, given that the country expects to produce about 38 000 tonnes in locally. Equity analyst, Vikhyat Sharma said in a report he prepared for the Rainbow Chicken Limited that although the current year’s expected maize crop is estimated to…

20 Jun

Nyambe appointed AIEN president

Latest

Shakwa Nyambe Managing Partner of SNC Incorporated, has been appointed as the President-Elect of the Association of International Energy Negotiators (AIEN) for the period of 2024 -2025.His appointment was confirmed at the AIEN Board of Directors meeting held on the 10th of June 2024 in Bangkok, Thailand. This will pave the way for him to become the Substantive President of the AIEN for the period 2025-2026.Nyambe said his appointment acknowledges his exceptional leadership and extensive expertise within the global energy sector, and his contributions to educational and networking programs as well as the development of model contracts for the energy…

20 Jun

Rössing plans 15MWe PV solar power plant

Observer Money

CHAMWE KAIRA The Rössing Uranium has allocated funds for upgrades of the Rössing infrastructure and processing plant. These include construction of a 15MWe PV solar power plant, as well as expansion of the tailings storage facility (TSF) to accommodate ten years’ additional tailings from the processing of phase 4 ore. Rössing Uranium’s Managing Director Johan Coetzee announced that contracts were awarded for both projects by the end of 2023, with target completion by the end of 2024 and 2025 respectively. The plant will be built on a 70-hectare site adjacent to the access road between Arandis and the Mine. The…

20 Jun

Fish landings reach 97 077 metric tons

Observer Money

The total of quota species landed during the first quarter of 2024 amounted to 97 077 metric tons, a decline of 16,7% when compared to 116 471 metric tons recorded in the first quarter of 2023. Horse Mackerel recorded the highest landings of 49 592 metric tons, followed by Hake in second place recording 44 630 metric tons. In third place was Monk that recorded 2 119 metric tons, the Namibia Statistics Agency announced. Export earnings for ‘fish and crustaceans, molluscs and other aquatic invertebrates’ for the quarter under review was valued at N$4,1 billion, an increase when compared to…

20 Jun

Paratus Namibia raises N$175m on NSX

Observer Money

Paratus Namibia Holdings Limited has continued raising money on the stock exchange for the expansion of its operation. The Windhoek based company has announced the listing of a new debt instrument with the successful issuing of a N$175 million five-year senior unsecured note. The bond is under Paratus Namibia’s N1 billion approved Domestic Medium Term Note Programme on the Namibian Stock Exchange (NSX). This is the fifth note issued under this programme. The company said bids to the value of U$557 million were received from nine bidders. Paratus Namibia is currently undergoing a righs issue to expand its existing offerings…

20 Jun

Livestock sales reach four-year high

Observer Money

The total number of livestock marketed was 146 841 in April this year, reflecting a 6,4% year on year increase compared to April last year which recorded 137 979. This is also the highest record of livestock marketed since June 2019. From January 2024 to April 2024, there was a general upward trend in total livestock marketed, despite some fluctuations, according to a report by Simonis Storm Securities. Breaking down by livestock type, 32 795 cattle were marketed in April 2024, up 31,2% year on year from 25 004 in April 2023. Sheep numbers rose marginally by 0,5% year on…