Observer Money

Staff Writer  Anglo American’s long-anticipated merger with Teck Resources moved closer to completion after shareholders overwhelmingly approved key resolutions at a general meeting on 9 December 2025.  The vote gives strong backing to the formation of Anglo Teck, which is set to become one of the most influential companies in the global critical minerals sector. Anglo American has a significant presence in Namibia through its 50/50 partnership with the government in De Beers, operating Namdeb on land and Debmarine offshore, as well as the Namibian Diamond Trading Company. Both resolutions needed to implement the merger of equals passed with large…

Staff Writer The International Air Transport Association (IATA) says governments are blocking US$1.2 billion in airline funds from repatriation as of the end of October.  The figure shows a small improvement of US$100 million since April, but 93% of the trapped funds remain in Africa and the Middle East. IATA has urged governments to remove all restrictions on currency repatriation and allow airlines access to their revenues in US dollars. These revenues come from ticket sales, cargo sales and other activities and are protected under bilateral air service agreements and treaty commitments. Restrictions affecting airlines include delays in approval, inconsistent…

STAFF WRITER The Industrial Development Corporation of South Africa (IDC) has taken another step in its drive to finance industrial growth after receiving approval from the Johannesburg Stock Exchange (JSE) Limited to list a new financial instrument under its Domestic Medium Term Note Programme. The listing signals investor confidence in IDC and supports the organisation’s continued focus on development funding. The programme has an authorised size of N$50 billion, with more than N$36 billion already issued. The IDC’s latest note, designated IDC01, carries a nominal value of N$500 million. It was issued at par and structured as a floating-rate note.…

Emda Fourie  Financial security is no longer just about retirement; it’s about resilience throughout life. Rising living costs, evolving family structures, and longer lifespans mean that financial planning must address both the present and the future. What happens during a person’s working years is just as important as what happens after retirement. Employee benefits are central to this conversation. Too often underestimated or misunderstood, they provide practical protection for working Namibians and their families. When well-designed and clearly communicated, these benefits help individuals navigate both expected and unexpected events without falling into financial distress. Globally, pooled retirement arrangements improve access…

Chamwe Kaira The Bank of Namibia (BoN) is preparing to sign agreements with local gold producers as it moves to implement its gold accumulation strategy.  BoN outgoing governor Johannes !Gawaxab revealed progress at his farewell dinner. !Gawaxab said the central bank is now ready to proceed with the long-delayed plan and admitted that he did not provide enough leadership when the strategy was introduced in 2023.  “We needed to diversify our reserves. The price of gold at that time was US$1 800 per ounce. We were so risk-averse. Now the price is US$4 400 per ounce, and by year-end it…

Chamwe Kaira Savanna Beef Processors Limited has moved the issuance of slaughter rights to mid-February 2026 as it continues its controlled operational ramp-up and waits for key export audit outcomes. The company began slaughtering 10 to 15 cattle per day on 1 October as part of a measured start-up aimed at generating processing data and training staff on the slaughter floor and deboning lines.  Savanna Beef took ownership of its abattoir on 27 October after receiving the taking-over certificate from the construction contractor, confirming the facility met all contractual requirements. From 12 to 15 November 2025, the company hosted the…

Chamwe Kaira Mobile Telecommunications Company (MTC) says the long-running complaints about data disappearing are mostly linked to how customers use their mobile devices and apps, not to incorrect billing by the company. MTC managing director Licky Erastus told Observer Money that customers have raised these concerns for years, but MTC’s investigations indicate that most cases relate to customer education.  He said the company has tools that track usage and billing.  “We can demonstrate where the usage happened. We need to do customer education,” he said. Erastus added that in all cases where MTC provided feedback, customers were satisfied. MTC's chief…

Chamwe Kaira The Chamber of Mines of Namibia has begun the search for a new chief executive officer following the retirement of long-serving CEO Veston Malango on 30 November.  Malango will remain with the organisation for at least a year to allow for a smooth handover.  He is also expected to continue serving the mining industry, possibly through roles on boards or regulatory bodies. The chamber has advertised the CEO position on a five-year renewable contract and appointed Visions Consulting to manage the recruitment process in line with its governance policies. The mining industry contributed 13.3% to GDP in 2024,…

Staff Writer  TotalEnergies has expanded its presence in Namibia’s oil sector after reaching a major agreement with Galp Energia to take over operatorship of petroleum exploration license 83 (PEL 83), the block that hosts the Mopane discovery.  The transaction gives TotalEnergies a 40% operated stake in the licence, strengthening its role in Namibia’s fast-growing deepwater basin. Under the deal announced this week, Galp will acquire a 10% interest in PEL 56, which includes the Venus discovery, and a 9.39% stake in PEL 91.  The agreement positions TotalEnergies as operator of both Venus and Mopane, the country’s two biggest oil discoveries,…

Chamwe Kaira MultiChoice Group’s time as a publicly listed company is ending after Groupe Canal+ completed a takeover process that has been unfolding throughout the year. In October 2025, Canal+ announced through the Stock Exchange News Service that it would use its legal right under section 124(1) of South Africa’s Companies Act to compulsorily acquire all remaining MultiChoice shares it did not own.  The squeeze-out marked the final step in a takeover closely watched by investors and regulators across Africa. The October notice set out the timetable for the process, stating that once the acquisition was completed, MultiChoice’s ordinary shares…