Observer – Page 777 – Windhoek Observer

12 Dec

High Court dismisses Gideon’s application

ObserverObserver MoneyDr Erold Naomab, High Court dismisses Gideon’s application, Professor Frednard Gideon

Staff Writer The High Court on Friday delivered its judgement dismissing Professor Frednard Gideon’s application with costs. Gideon had challenged the appointment of Dr Erold Naomab as the Vice-Chancellor (VC) of Namibia University of Science and Technology (NUST). In the ruling, Judge Miller refused to grant the interim interdict sought by Gideon through his lawyer, Sisa Namandje as “all requirements for granting of the interim interdict have not been met.” Professor Frednard Gideon was seeking to set aside the NUST Council decision made on the 12th of November 2020 to select Naomab as their preferred candidate to be appointed into…

10 Dec

Whatever your festive, with DStv, you and your family can share the best moments together

ObserverUncategorisedDStv, KykNet, MultiChoice Namibia

DStv is overflowing with excitement and an abundance of premium content this festive season. You’re invited to connect with your family and friends and feast on a festive delight of shows and sport to suit any moment. “DStv keeps all customers at the heart of everything we do. keeping customers engaged with amazing content and high anticipation of what lies ahead is key. It is with this in mind that the brand has altered its CI to reflect the hearts of customers, to showcase the vibrancy of the brand while highlighting that it is indeed a local brand that nourishes…

10 Dec

Civil servants need to perform or be cut

ObserverUncategorisedCivil servants need to perform, civil service wage bill

Do the people employed in the civil service who treat the public so poorly understand that jobs are scarce and precious? Right now, a job is a valuable commodity. Many people who have endured salary cuts or retrenchments or bankruptcy of their employers are desperate for jobs. Some of those sitting at home unemployed have more skills than many standing behind ministry counters or sitting at agency desks. People who need work would give a lot to replace them. Civil servants need to know that they must do their jobs or be retrenched to save money. The civil service wage…

10 Dec

BoN maintains Repo rate at 3.75 percent

ObserverUncategorisedJohannes Gawaxab, Monetary Policy Committee (MPC), Repo rate

Staff Writer The Monetary Policy Committee (MPC) of the Bank of Namibia has decided to keep the Repo rate unchanged at 3.75 percent. “This decision was taken following a review of global, regional and domestic economic and financial developments. The MPC is of the view that the rate remains appropriate to continue supporting domestic economic activity, while at the same time safeguarding the one-to-one link between the Namibia Dollar and the South African Rand,” BON Governor, Johannes !Gawaxab announced on Wednesday. !Gawaxab said the domestic economic activity declined during the first ten months of 2020 and is forecasted to register…

10 Dec

RFA faces resistance over tolling plans

ObserverUncategorisedMcHenry Venaani, Road Fund Administration (RFA), toll booths

Staff Writer A mooted plan by the Road Fund Administration (RFA) to introduce toll booths on certain national roads in Namibia already faces resistance from political parties and national unions. This comes as RFA stated that a feasibility study finalised a few months ago found charging tolls on certain road sections in Namibia is feasible and viable. It claims that these new revenues would generate approximately N$3.9 billion over a five-year period. This supposed finding is a direct contradiction the 2019 finding by former Minister of Finance and current Minister of Agriculture, Water and Land Reform, Calle Schlettwein who said…

09 Dec

Bank of Namibia watches our wallets

ObserverNational NewsBank of Namibia (BoN), Mufhiwa Building Projects

The Bank of Namibia (BoN) has come to the rescue. They have classified the activities of Mufhiwa Building Projects as a pyramid scheme. Those involved are conning people out of their hard-earned money and pocketing the proceeds. BoN has cautioned the public to beware and avoid any transactions with Mufhiwa Building Projects or similar entities that may be doing the exact same thing. BoN has ordered promoters of Mufhiwa Building Projects and those who are already caught in its web as ‘members’ to stop doing any kind of business. A nod must be given to BoN for watching our wallets.…

09 Dec

Careful planning remains key to ensure emotional and financial readiness

ObserverUncategorisedManager: Communications and Social Responsibility, Mauriza Fredericks, Old Mutual Namibia

Growing numbers of millennial women — who are between 23 and 39 years old in 2020 — are choosing to start having children later in their lives. The average age of first-time mothers in many developed countries has risen to just over 30 this year. Furthermore, according to the Guttmacher Institute, more than 40 percent of women in the United States of America have reported delaying having children due to the outbreak of Covid-19. Research reveals that pandemic-related worries about finances and job stability as well as general unease about the future may be shifting how women feel about having…

09 Dec

MPs call for debt waiver

ObserverObserver MoneyCovid-19, SADC Parliamentary Forum

Moses Magadza WINDHOEK – The 48th Plenary Assembly Session of the SADC Parliamentary Forum has adopted a motion exhorting the regional body to support an initiative by Speakers and heads of African national parliaments to call for total cancellation of the continent’s foreign debt. Many African countries are heavily indebted to industrialised countries and financial bodies that include the International Monetary Fund (IMF) and the World Bank. Consequently, some countries have been failing to meet the human needs of their citizens. Against this backdrop, the Speaker of the Parliament of South Africa, Honourable Thandi Modise, tabled the motion through South…

09 Dec

Govt faces borrowing headache

ObserverObserver MoneyNico Smit, PDM Treasurer General, Popular Democratic Movement (PDM)

Staff Writer The Popular Democratic Movement (PDM) has warned that the country’s indebtedness is reaching precarious levels, a position which could one day hamper its ability to pay the interest on what is owed. This comes as ratings agency, Moody’s downgraded Namibia’s government debt on Friday from the previous Ba2 rating to Ba3. “The government has become so completely dependent on borrowing, that just one more small external shock will put it in a position where it cannot pay the interest on its debt. This will lead to an automatic downgrade to the ‘C’ category according to Moody’s system, which…

09 Dec

Kapere to get official funeral

ObserverObserver MoneyMandela Kapere

Staff Writer President Hage Geingob has conferred an Official Funeral on the late Mandela Kapere, Chief Public Relations Officer in the Office of the President, Dennis Shikwambi, confirmed to Windhoek Observer. Kapere, a former Executive Chairperson National Youth Council, served as SWAPO Member of Parliament and Chairperson of Human Resources committee. “Our nation and the Swapo Party lost a talented and dynamic Parliamentarian who played a vital role in shaping the trajectory of youth leadership and the development of young people,” President Geingob said. Kapere died yesterday 7 December, aged 38 of COVID-19.