Uncategorised

Company registrations decline in Q3

In the third quarter of 2023, there was a notable decline in company registrations, indicating a potential slowdown in future economic activity. The year-on-year and quarter-on-quarter registration of new businesses both decreased. The overall number of new business registrations, a key gauge of business confidence, saw a substantial 17.6 percent year-on-year decrease. The decline was more pronounced in the close corporation category, which fell by 19.1 percent, while private companies (Pty) Ltd experienced a marginal 4.2 percent decrease over the same period. Quarter-on-quarter, the total registrations of new businesses dropped by 15.7 percent in the third quarter. During the same…
Read More
Just Saying with Matts Haikali

Just Saying with Matts Haikali

Namibia, as a country stands at a cross road as far as sports is concerned. In a world where sports have transcended boundaries and become a global spectacle, the need for countries to invest in sports facilities and their maintenance has never been more critical. The recent hosting of an international rated Four Nation Squash tournament by Wanderers Sports Club, says a lot about what potential the country has, if we put our money in ensuring that our sports facilities are of international standard. Am just saying, we must start thing not only about nurturing local talent and promoting a…
Read More

Mid-week review DEBMARINE PREMIERSHIP

African Stars 3-1 Orlando Pirates With a star studded lineup minus the 2022 League winning coach, African Stars continued where they stopped last season. With the advantage of having being active though out the year, it gave them the edge against hastily assembled Ali Akhan Orlando Pirates. With Orlando Pirates calling in the experience of Riaan Cloete, it was a close call, and match fitness played a big role in the matchup between the two team. Young African 0-2 FC Ongos A dream start for FC Ongos away from home to the Cattle country kings, was a good motivation for…
Read More
Karasburg Town Council instructedto ignore minister’s demands

Karasburg Town Council instructedto ignore minister’s demands

Martin Endjala Karasburg Mayor, Maria Veldskoen and her political colleagues in the town council were allegedly instructed by their political party not to respond to a letter from Urban and Rural Development Minister, Erastus Uutoni. Last week, Uutoni penned a letter to Veldskoen, requesting her and other members of the council to reverse various decisions they took without due process and report back to him on 8 September 2023. However, a source inside the council who chose anonymity, told the Windhoek Observer that the Landless Peoples Movement-dominated council was instructed by their party not to respond to the Minister’s letter…
Read More
Kavango region to host NFA C Licence Coaching Course

Kavango region to host NFA C Licence Coaching Course

Staff Writer THE Nambia Football Association (NFA) as part of its Strategic Development goals will be hosting the NFA C Licence Coaching Course in Rundu from August 15 –24. Participants attending this course will be provided with the necessary knowledge, techniques, and strategies to excel in coaching and enhance their effectiveness in working with athletes. The course is a significant step in advancing a coaching career in both the Kavango East and West Regions, and the NFA believes it will greatly contribute to the professional development and enhance skills. The NFA C License Coaching Course, is organised by the Namibia…
Read More

NBL will remain a Namibian business

Chamwe Kaira Namibia Breweries will remain a Namibian business despite the recent takeover by Heineken N.V. Peter Simons, managing director, Namibia Breweries Limited (NBL), has said the company is proud to have completed the deal with Heineken, which he said is a vote of confidence in the long-term prospects of Namibia and its people. “Heineken followed all competition and regulatory processes in Namibia and put forward an ambitious package of commitments which will ensure NBL remains a proudly Namibian business. The company will still be called NBL, will continue to be headquartered in Windhoek, and will remain listed on the…
Read More
MVA Fund targets Ohangwena region’s worrying road crashes

MVA Fund targets Ohangwena region’s worrying road crashes

Martin Endjala THE Motor Vehicle Accident Fund (MVA) has expressed concern over the number of accident related fatalities recorded in the Ohangwena region. The MVA Fund highlighted that the region is ranked third in the number of road crash-related fatalities, and pointed out that a large proportion of incomplete claims result from the region lacking the required documents or incomplete documentation. In a media statement, MVA Fund, Corporate Communications and Stakeholder Relations Manager, Hilaria Graig noted that in addition to the high number of accidents in the region, they want to address incomplete claims and the lack of required paperwork,…
Read More
Eating dog meat poses public health risk: SPCA

Eating dog meat poses public health risk: SPCA

Martin Endjala The Society for the Prevention of Cruelty to Animals (SPCA) has warned that eating dog meat can result in the spread of zoonotic diseases such as trichinellosis (intestinal parasites larvae that sit in the muscles of the dogs), cholera, and rabies to humans. According to a media statement published by SPCA Director of Operations, Sylvia Breitenstein on Wednesday, dogs are one of the only species fed by people who are omnivores, meaning they eat other animals, animal carcasses, humans, and excrement. This distinguishes dogs from other land animals such as widely consumed livestock. Breitenstein was responding to recent…
Read More
Home Affairs tables bill to reduce ID age requirement

Home Affairs tables bill to reduce ID age requirement

Hertta-Maria Amutenja The Deputy Minister of Home Affairs, immigration, Safety and Security, Daniel Kashikola has tabled a bill that would allow Namibians at the age of 14 to legally obtain National Identity documents. The bill proposes that the minimum age for obtaining an ID should be lowered from 16 to 14 years. “At age 14, a person’s biometrics are well developed and therefore fingerprints may be taken at this age. This is also done with the foresight that other biometrics such as iris and facial recognition, which are possible at a younger age, will be integrated into our identity management…
Read More

Stimulus Investments declares N$3.5m dividend

Chamwe Kaira Stimulus Investments Limited has declared N$3.5 million (2022: N$ 9.3 million) as a final dividend to the preference shareholders. This translates into a dividend of N$ 0.76 (2022: N$2) per preference share based on 4,650,786 preference shares in issue. “The preference dividend amount represents the total realised cash returns of Stimulus, after adjusting for fair value gains, for the financial year ended 28 February 2023,” in financial results for the year ended 28 February. Stimulus total assets under management amounted to N$651.1 million (N$648.8 million) which included the sale of investments to the value of N$75.2 million during…
Read More