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Paratus expects headline earnings to reach 30%

Paratus expects headline earnings to reach 30%

CHAMWE KAIRA  Paratus Namibia Holdings Limited has advised shareholders in interim results for the period ended 31 December 2024 that headline earnings per ordinary share (HEPS) are anticipated to be substantially lower (greater than 30%) in relation to the 31 December 2023 comparative period. Paratus said basic earnings per ordinary share (BEPS) are anticipated to be substantially lower (greater than 30%) in relation to the 31 December 2023 comparative period. Revenue for the period is anticipated to be materially higher (between 10% and 30%) in relation to the 31 December 2023 comparative period; and earnings before interest, tax, depreciation and…
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JSE profit increase to R918m

JSE profit increase to R918m

The Johannesburg Stock Exchange (JSE) has announced notable earnings growth for its 2024 financial year during a period of heightened geopolitical tensions and muted economic growth in the first half of 2024. The robust performance for the bourse was supported by business resilience and stability as well as increased revenue diversification through its non-trading business segments. The group reported an increase in net profit after tax (NPAT) of 10.4% to R918 million with a return on equity (ROE) of 20.2%, up from 19.4% in the prior year. The JSE’s share price outperformed headline indices, delivering 30% year on year growth…
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NaCC approves Andrada deal

NaCC approves Andrada deal

CHAMWE KAIRA  Andrada Mining Limited, a critical raw materials producer with mining and exploration assets in Namibia, has announced that the Namibian Competition Commission (NaCC) has approved the company’s earn-in agreement with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (Pty) Ltd. The NaCC approval is the final outstanding condition precedent to implement the agreement. Under the agreement, SQM has the right to earn up to a 50% interest in Grace Simba Investments (Pty) Ltd. (GSI), a wholly owned subsidiary of Andrada Mining (Mauritius) Limited, which holds the Lithium Ridge licence.  This means that the company…
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Letshego’s profit to increase up to 20%

Letshego’s profit to increase up to 20%

CHAMWE KAIRA  Letshego Holdings Namibia has told shareholders that profit after tax for the year ending 31 December 2024 is expected to be materially higher, by between 15% and 20%, than what was reported for the comparative period. “Therefore, earnings per share and headline earnings per share for the year ending 31 December 2024 is expected to be materially higher, by between 15% and 20%, than what was reported for the comparative period,” the company said. Last year, the company said in interim results for the year ended 30 June 2024 that operating profit increased by 18% to N$219 million…
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‘Hage gave freely, so should we’ – Geingos

‘Hage gave freely, so should we’ – Geingos

Allexer Namundjembo Former First Lady Monica Geingos has called on the nation to honour her husband, the late President Hage Geingob, by sharing the new banknote with others.  She made these remarks during the launch of the N$60 commemorative banknote in honour of Geingob by the Bank of Namibia on Wednesday. “Geingob didn’t have the habit of keeping money. He always gave money to people. If you want to honour Geingob, give the note to as many people as possible,’’ Geingos said. She explained Geingob’s dedication to the country, noting the sacrifices he made for the nation.  “He spent his…
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Venaani accuse GRN of avoiding accountability over diamond heist

Venaani accuse GRN of avoiding accountability over diamond heist

Allexer Namundjembo The leader of the Popular Democratic Movement (PDM), McHenry Venaani, accused the government of avoiding accountability in the Namdia diamond heist that took place on 18 January by hiding behind the fact that the matter is “sub judice”. During the parliament session on Tuesday, Venaani demanded answers from Prime Minister Saara Kuugongelwa-Amadhila on the matter. “Government must come forward and tell us what is happening with the case. The government must tell us how far along the case is because they cannot be hiding behind “sub judice" when the resources of our country are being stolen in broad…
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Tsumeb Municipality donates 21 plots and houses to residents

Tsumeb Municipality donates 21 plots and houses to residents

Hertta-Maria Amutenja The Tsumeb Municipality announced the donation of 21 residential plots to selected individuals in the town through private transactions. This was revealed in a public notice issued under the Local Authorities Act. According to the notice placed in newspapers, the plots, each measuring 300 square meters, are located in Extension 8 and Extension 10 of Tsumeb. The properties are zoned for residential use and remain unimproved. The town’s mayor, Mathew Hangula, explained that the recipients of the houses are members of the Build Together Programme who had houses built at the old municipal dump site.  “It seems that…
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Walvis Bay residents drowning in uncollected garbage

Walvis Bay residents drowning in uncollected garbage

Niël Terblanché Walvis Bay residents are growing increasingly frustrated as waste piles up in the streets due to the near-collapse of the municipality’s refuse removal services. With only one operational refuse truck and four aging vehicles frequently out of service, the town's waste management division is struggling to cope, prompting calls for urgent intervention. Kaleinasho Maxuilili wrote a letter this week to the municipality expressing her concern about the environmental and sanitary conditions at the town.  “It is disheartening to see the increasing litter and sewage issues, which not only tarnish our town's beauty but also pose serious health risks.…
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​​No leads on missing St. George’s learner

​​No leads on missing St. George’s learner

Hertta-Maria Amutenja The Namibian Police have reported no new information regarding the disappearance of Joliane Kabwe (17), a Grade 11 learner from St. George’s Diocesan School in Windhoek, who has been missing since Monday. Deputy Commissioner Chrispin Mubebo on Wednesday confirmed that a missing person file has been opened and that patrols are ongoing. “The search is ongoing; however, we have no clues yet. We are doing patrols, but there are no concrete leads as to where she might have gone,’ said Mubebo. Mubebo has urged members of the public to be vigilant and report any sightings or information that…
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Payment for loss of cattle to wildlife conflict increased to N$ 8000

Payment for loss of cattle to wildlife conflict increased to N$ 8000

Erasmus Shalihaxwe Minister of Environment, Forestry and Tourism Pohamba Shifeta announced that starting 1 April 2025, the government will compensate farmers N$8 000 for cattle lost due to wildlife conflicts.  Shifeta made the announcement on Wednesday in the National Assembly while introducing the “Human Wildlife Conflict Self Reliance Scheme (HWC).”  The scheme aims to directly offset losses suffered by farmers due to wildlife damage to livestock and crops. Shifeta explained that although the compensation was previously increased from N$ 3000 to N$ 5000, it will now rise to N$8 000.  This adjustment aims to promote fair benefit distribution and ensure…
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