Observer Money

Staff Writer  Old Mutual Limited has reported strong new business growth and resilient underlying operating earnings for the six months ended 30 June 2026, although adjusted headline earnings were affected by weaker shareholder investment returns amid volatile financial markets. The financial services group said on Monday that Life APE (Annualised Premium Equivalent)) sales increased 21% to N$7.86 billion, compared with N$6.47 billion in the corresponding period in 2025. Gross flows also rose 21% to N$128.91 billion, from N$106.76 billion a year earlier, while net client cash flow improved to an outflow of N$3.13 billion from an outflow of N$10.13 billion…

LAIMI NDAPANDULA JOSEPH  Group risk insurance is one of the clearest ways employers show commitment to their employees. Yet in many organisations, it is also one of the most static parts of the benefits package.  Policies are often put in place and left unchanged for several years, even though workforce and business priorities shift. Over time, this means cover can quietly fall out of step with what employees need, which is why regular, structured reviews matter. Think about your Wi-Fi contract. When you first signed up, the data appeared sufficient to meet your needs.  Then your habits changed, streaming increased,…

CHAMWE KAIRA The total remuneration package for permanent and temporary employees on Namibia’s commercial farms increased to N$5,087.51 per month in the 2025/2026 wage survey, representing a 15.86% increase from the previous survey. The survey, conducted every two years by the Namibia Agricultural Union (NAU), found that the remuneration package increased from N$4,391.20 in 2024. On an hourly basis, the total remuneration package amounted to N$27.31, based on employees’ average weekly working hours. The remuneration package comprises weighted monetary remuneration, the value of free housing, employee livestock, and free transport for employees’ children to schools and sick employees to medical…

CHAMWE KAIRA Andrada Mining Limited, the technology metals mining company, increased its revenue by 34.4% to £30.1 million (N$658 million) for the financial year ended 28 February 2026, from £22.4 million (N$490 million) in the previous financial year. The company reported total consolidated net assets of £88.2 million at the end of February 2026, up from £69.6 million a year earlier. Despite the increase in revenue and net assets, Andrada recorded a total comprehensive loss of £8.29 million for the year, compared with a loss of £8.42 million in the 2025 financial year. The company's basic loss per share increased…

CHAMWE KAIRA  Paladin Energy, which owns the Langer Heinrich Mine (LHM) in Namibia’s Erongo Region, says the global uranium market is being supported by a favourable long-term supply-demand outlook as governments and industries increasingly recognise the role of nuclear energy in securing reliable, low-carbon electricity. The uranium producer said market fundamentals continue to strengthen as governments, utilities and large industrial and technology companies seek to improve energy security, meet rising electricity demand and achieve decarbonisation targets. Paladin said global uranium demand is underpinned by the existing and expanding nuclear reactor fleet, with approximately 440 reactors currently operating worldwide, nearly 80…

CHAMWE KAIRA The government is working with key stakeholders, including workers, to find a responsible solution to restart the Scorpion Zinc mine and refinery operation at Rosh Pinah, mines and energy minister Modestus Amutse has said. Speaking at the Mineworkers’ Union of Namibia (MUN) southern regional roundtable in Oranjemund, Amutse said stakeholders could not ignore the difficult realities faced by families following the closure of Scorpion Zinc in 2024, which resulted in the loss of around 500 jobs. His speech was delivered on his behalf by Justina Jonas, member of parliament.  Many households in Rosh Pinah continue to feel the…

Staff Writer  Instant Payments Namibia (IPN) has launched its official website as part of efforts to improve public awareness and stakeholder engagement around Namibia’s national instant payments programme. The website, www.ipn.com.na, will serve as a central source of information on the development of the country’s instant payments ecosystem, including the Namibia Instant Payment Solution (IPS) and its consumer-facing brand, WayaMe. IPN chief operating officer, Marsorry Ickua said the platform is intended to provide Namibians, participating financial institutions, businesses, the media and other stakeholders with accessible information on the programme and its development. IPN is a subsidiary of the Bank of…

Staff Writer  Letshego Holdings Namibia Limited has declared an interim dividend of 50.70 cents per ordinary share for the six-month period ended 30 June 2026. The dividend follows the publication of the company’s reviewed unaudited interim results for the period on 18 August 2026. According to a notice issued by Letshego Holdings Namibia, shareholders will need to hold the shares before the ex-dividend date to qualify for the distribution. The last day to trade cum dividend is Friday, 11 September 2026, while the shares will trade ex-dividend from Monday, 14 September 2026. The last date to register for the dividend…

Staff Writer  Namibia Securities Exchange (NSX)’s overall share index rose 2.06% over the week to 2,476.51 points, marking a 15.65% increase since December 2025, according to market data for the period 24 to 28 August. The index closed at 2,476.51 points, up from 2,426.60 points on the previous day, representing a gain of 49.91 points. The local index recorded a more modest increase of 0.13% to 852.60 points, up 5.55% from its December 2025 level of 807.75 points. Among the major sectors, Basic Materials recorded the strongest gain, rising 4.96% to 958.60 points. The sector has increased 33.98% since December…

CHAMWE KAIRA Deep Yellow has said that construction mobilisation at its Tumas uranium project in the Erongo region is expected to commence in August, with the civil and concrete works to be delivered sequentially. The company has already awarded two contracts worth a combined estimated N$389 million for civil and concrete works at the project as the company advances towards a Final Investment Decision (FID) expected in the fourth quarter of this year.  Following a competitive tender process, Namibia Construction Pty Ltd was awarded the first contract, valued at approximately N$212 million. The contract covers reinforced concrete construction within the…