Observer – Page 737 – Windhoek Observer

02 Jun

Value-Added Tax (VAT) Fraud

ObserverUncategorisedValue-Added Tax, VAT

Value-Added Tax Act 10 of 2000 Value-Added Tax Act 10 of 2000 was brought into force on 27 November 2000, to provide for the imposition and collection of value-added tax and to provide for matters incidental thereto. Subject to this Act, there shall be levied and paid, for the benefit of the State Revenue Fund, a tax (to be known as the value-added tax) on every taxable supply by a registered person; and on every import of goods or import of services, other than an exempt import. Every registered entity that is liable for the payment of value added tax…

02 Jun

Definition of Act dominate procurement conference

ObserverUncategorisedNamibia Procurement Conference, Public Procurement Act

Staff Reporter Matters surrounding the interpretation of the Public Procurement Act in the procurement process dominated the Namibia Procurement Conference held in Windhoek last week. The conference was attended by more than 60 procurement officers drawn from State-owned companies and local authorities as well as suppliers who bid for Government contracts. Tenders awarded by State-owned institutions and local authorities have been subjected to many court disputes. “The conference was successful. Everyone was engaging throughout. That is the thing with procurement, its non-ending debate. I believe the participants walked away with a lot of insights,” said one of the speakers at…

02 Jun

Eos Capital acquires solar and refrigeration business

ObserverUncategorisedEnergy Partners, Eos Capital

Staff Writer Private equity firm, Eos Capital has announced that it will acquire Utility Energy Partners’ solar and refrigeration assets subject to regulatory approval. Energy Partners is an innovative energy infrastructure company that builds, operates, and maintains solar and refrigeration assets in Namibia. “Through their innovative business model, Energy Partners provides an energy solution to clients which reduces their grid energy consumption through its solar installations and optimisation of their freon/ammonia cooling systems combined with the use of world-leading monitoring technologies. Energy Partners additionally reduces their clients’ CAPEX burden by taking on all the construction costs and leasing the assets…

02 Jun

Gobabis municipality yet to pronounce itself on CEO

ObserverObserver MoneyGobabis Town Council, Ignatius Thundinyane

Staff Writer Gobabis Town Council is yet to pronounce itself on the future of the southern town’s Chief Executive Officer, Ignatius Thundinyane. The CEO stands accused of making irregular payments of N$6 million to Ewi Technical Civil Construction, a company that is alleged to have attained a fake bank guarantee to secure a tender at the town. Chairperson of the Gobabis management committee, Dewaal Louw, had in May stated he would seek clarity from the CEO on why payment of N$6 million were made to the company without council approval. Whether an explanation from the CEO had been offered and…

02 Jun

Billionaire’s special treatment rattles Ndeitunga … as Police ignore court orders

ObserverObserver MoneyBritish billionaire, Harvey Boulter, Lieutenant General Sebastian Ndeitunga, NAMPOL

Rose-Mary Haufiku Namibia Police Force (NamPol) head, Lieutenant General Sebastian Ndeitunga, says he is concerned about the continued special treatment being given to British billionaire, Harvey Boulter, who has evaded staying in prison since his arrest on murder charges more than three months ago. An irate Ndeitunga said he suspects there are individuals aiding his continued stay in hospital, amid claims he is “sick.” “I have a problem because he is always admitted. He does not want to go to the cells. I’m even suspecting that some people are favouring him to be a permanent patient in hospital. All suspects…

01 Jun

Old Mutual extends ALI agreement

ObserverUncategorisedAfrica Leadership Institute (ALI), Old Mutual

Staff Writer Old Mutual has announced that it will invests N$900 000 in total over three years to train government school principals and department heads through Africa Leadership Institute (ALI). The 3-year agreement is an extension of an existing 14-years partnership between Old Mutual and ALI, with the aim to equip school management with the necessary leadership knowledge and skills through the Transformational Leadership Certificate as endorsed by the Ministry of Basic Education and Culture, as well as the National Qualifications Authority (NQF level 5), in Namibia. Old Mutual’s investment will be channelled towards the learning material, class facilitation and…

01 Jun

Meatco directors resign

ObserverUncategorisedClara Bohitile, Johnnie Hamman, Kay Dieter Rumpf, Meatco

Staff Writer Material differences including issues to-do with the direction of the company have seen Chairperson of the Meatco board, Johnnie Hamman, his deputy Clara Bohitile and Kay Dieter Rumpf tendering their resignations. Their resignations which are with immediate effect, came after the meat processor’s board meeting last Thursday. Public Enterprises Minister, Leon Jooste, appointed the current board of directors in terms of the Meat Corporation of Namibia Act of 2001 for a term of three years. Hamman and Bohitile were nominated by Meatco members in the category “Expert “in terms of Section 5(1) d and Rumpf in the category…

01 Jun

FNB warns against eWallet scam

ObserverUncategorisedeWallet, FNB App, Head of Retail Transactional Banking, Jerome Namaseb

Staff Writer Jerome Namaseb, Head of Retail Transactional Banking, warns that a new scam has emerged where fraudsters access and manage customers’ eWallet accounts on the FNB App. “We have seen this new scam making the rounds and urge our customers to take note of how it works to protect themselves, he said. • first, fraudster will a select random cellphone number and attempt to link the eWallet of selected number to their own smartphone, which triggers a notification (with an OTP – one time pin) asking to confirm if customer is indeed the one attempting to link their wallet.…

01 Jun

Govt raises only N$189 million from hake auction

ObserverObserver MoneyDerek Klazen, Ministry of Finance

Andrew Kathindi Government has only raised N$189 million from a hake auction in which a potential N$462 million was targeted, the Ministry of Finance has revealed. The wet and frozen hake was auctioned off for Government’s quotas for its governmental objectives on 16 April. “Of these funds N$183.9 million have already been deposited into the State Revenue Fund at the Bank of Namibia, and the balance of N$6 million will be settled next week,” a joint statement by Finance Minister, Iipumbu Shiimi, and newly appointed Fisheries Minister, Derek Klazen, reads. This is the Government’s second auction of its fishing quotas…

01 Jun

Sodomy unacceptable – Swapo elders

ObserverObserver MoneyNamibia, SPEC Secretary Mukwaita Shanyengana, Swapo Party Elders' Council (SPEC, Swapo Party Youth League (SPYL)

Andrew Kathindi and Tujoromajo Kasuto The Swapo Party Elders' Council (SPEC) has condemned a proposed move by the Justice Ministry to repael a law that would make sodomy in Namibia legal. The ruling party elders’ position comes as the Swapo Party Youth League (SPYL) two weeks ago also condemned the planned move , calling the practice of homosexuality in Namibia demonic and satanic, with SPYL Secretary, Ephraim Nekongo, refusing to back down on the league’s position. “In Namibia we understand that some people are demanding a law that would protect the homosexual/gays and lesbians. In Namibia, by law, homosexuals (gays…