Observer Money

Chamwe Kaira PSG Financial Services has announced that some of its non-executive directors and their associates received PSG Financial Services shares following the implementation of a scheme of arrangement involving Curro Holdings Limited. In a notice issued on Wednesday, shareholders were referred to Curro’s announcement published on the JSE Stock Exchange News Service on 23 December 2025.  The announcement confirmed that the Jannie Mouton Stigting acquired the remaining Curro shares through a scheme of arrangement. Under the scheme, Curro shareholders received a mix of cash and shares held by the trust in two listed companies, including PSG Financial Services. The…

Staff Writer The Namibia Financial Institutions Supervisory Authority (Namfisa) has cautioned the public to use only registered microlenders when accessing short-term credit and related financial services. Namfisa said dealing with unregistered microlenders exposes consumers to unlawful practices, excessive charges and the loss of legal protection. Under Namibia’s Microlending Act, all microlenders must be registered and supervised to operate legally.  The Act aims to protect consumers by regulating lending practices and promoting transparency, fairness, and accountability in the microlending sector. Namfisa said registered microlenders must be formally authorised and are required to clearly disclose interest rates, fees, and repayment terms before…

Petra Diamonds has recovered a blue diamond weighing 41.82 carats from its Cullinan mine in South Africa. The stone, a type IIb of “exceptional quality”, is the first of its colour and magnitude the deposit has yielded in the past five years, Petra said Tuesday. The previous one was a 39.34-carat diamond it found at the site in April 2021. The company sold that gem for US$40.2 million. The miner is in the process of analysing the stone and deciding the best method of sale. The Cullinan mine is known for the recovery of rare, high-value blue diamonds. The stone…

Staff Writer Zaria Court Kigali has officially opened under Tapestry Collection by Hilton, marking a new chapter for Rwanda’s first urban lifestyle hotel and strengthening the country’s presence in the global hospitality market. The 80-room hotel, located in Kigali Sports City, now operates as part of Hilton’s Tapestry Collection. The portfolio features independent hotels with distinct design and local character, supported by Hilton’s global standards and the Hilton Honours programme. Zaria Court Kigali sits next to major sports and entertainment venues, including the BK Arena and Amahoro Stadium. The hotel forms part of a mixed-use development with retail, event, and…

Herle Otto  It is tempting to frame well‑being as a calendar item: a month of activities, a visiting speaker, a set of posters and a mindfulness app. But well‑being that works is not an event. It is a way of designing work so people do not need to recover from it. The real levers are in the everyday. Workload that fits the hours available. Managers who ask how you are and mean it. Flexibility that treats adults like adults. Clear priorities that let people switch off without guilt. The truth is most employees know what would help them feel well,…

Kristalina Georgieva The rapid advancement of artificial intelligence (AI) and digital technologies is reshaping the global labour market, creating both opportunities and challenges for workers worldwide. While technological change has historically altered job markets, the current transformation is occurring at an unprecedented pace and scale, affecting even those at the forefront of innovation.  Recent job cuts at major technology companies illustrate that no sector is immune to disruption. At the same time, new roles and occupations are emerging as automation changes the nature of work.  According to a recent analysis of millions of online job postings, one in ten positions…

Staff Writer Trustco Group Holdings Limited has issued a further cautionary announcement on the possible delisting of its securities. In a statement released this week, the company referred shareholders to earlier notices published on the Johannesburg Stock Exchange (JSE) News Service, including its most recent update dated 26 November 2025, which outlined the potential delisting of Trustco. The board said it is considering whether a delisting of the company’s securities would be appropriate.  As part of this process, the board has taken note of the Simplified Listings Requirements, which are expected to come into effect on 16 February 2026. Trustco…

Staff Writer Africa is playing a crucial role in providing the necessary minerals for the global transition from fossil fuels to clean energy.  The African Energy Chamber, in its State of African Energy 2026 Outlook, says Africa’s large reserves of cobalt, lithium, copper and platinum group metals place the continent at the core of global supply chains for renewable energy and electric vehicles. The move toward clean energy is driving sharp growth in demand for these minerals. Solar panels, wind turbines, electric vehicle batteries and energy storage systems require far more mineral inputs than traditional energy systems.  Forecasts show global…

Chamwe Kaira The JSE All Share Index closed higher on Monday, gaining 2,038 points, or 1.73%, to end at 120,148.00 points from 118,110.00 the previous trading day.  The index is up 3.73% since December 2025 and reached its highest level for 2026 during the session. The year’s low stands at 116,092.00 points. The Overall Index closed slightly lower on Monday, slipping by 3.95 points, or 0.18%, to 2 180.60 points. Despite the decline, the index remains up 1.83% since December 2025 and carries an actual dividend yield of 3.66%. Its 2026 high is 2 184.55, while the low is 2…

Staff Writer Namibia will host the fifth Canada-Africa Business Conference on 5 February in Windhoek.  The Canada-Africa Chamber of Business convenes the event, positioning Namibia at the forefront of trade and investment engagement between Canada and Africa. The conference will bring together senior executives, investors, policymakers, and institutional partners from Namibia, Canada, and across Africa.  Discussions will focus on mining, energy, infrastructure, and sustainable economic development. Namibia’s stable regulatory environment and long-term policy approach have helped attract growing international interest and partnerships.  The programme includes senior-level panels, sector discussions, and private roundtables aimed at boosting investment, supporting responsible project development,…