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PayPulse adds new venders
17 Sep

PayPulse adds new venders

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Staff Writer Standard Bank is proud to announce that it has added Liberty Life, Olusheno and MTC Data to its bouquet of partners on its Cardless Transaction Application, PayPulse, as part of the strategy to offer variety and enhance the mobile payment experience for our partners and customers. With the addition of the three partners, Standard Bank says customers are now able to pay their Liberty Life insurance premiums, as well as pay for the off-grid home lighting Olusheno kit and MTC Data using the convenience of PayPulse. “As the leading payment App in Namibia, PayPulse has been at the…
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MTC starts SIM upgrade campaign
17 Sep

MTC starts SIM upgrade campaign

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Staff Writer MTC in a drive to continue the acceleration of digital transformation, has announced that it will allow prepaid customers the opportunity for a one-time FREE sim (2G/3G) upgrade to a 4G sim card. MTC Manager Retail: Infrastructure and Development, Alan Krohne, said that "the campaign will run from 15 September - 15 December 2020, and customers who swaps their sim during this time will qualify for free 3G of Data, which will be awarded over a period of 3 months." Krohne said only prepaid customers are eligible and will qualify for free SIM Swop Campaign and that sim…
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Old Mutual Personal Cover: Funeral Insurance
16 Sep

Old Mutual Personal Cover: Funeral Insurance

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Ndangi Katoma 8 things you need to know about Old Mutual’s new funeral insurance If you are the breadwinner in your family, the day may come when your phone rings and you are called upon to open up your heart and your wallet simultaneously. How many of your family members would reach out to you first when there is not enough money to cover a funeral? If you happen to be the “go-to-guy” or “gal” in your family, forking out over N$200 000 for various family funerals over the course of your life, might not be an over-exaggeration at all.…
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12 Sep

Fish quotas’ auctioning bad omen for radical socio-economic transformation

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Kae Matundu-Tjiparuro Yours Truly Ideologically lately has been postulating that the independence of the country, achieved on March 21, 1990, was merely the Democratic Phase of the Namibian Revolution.. The Second Phase of the revolution, is the economic emancipation of the people. Meaning from an ideological perspective a situation ultimately where the people, foremost the workers, the real owners of the means of production of the country, would in real fact own the natural resources of their country. This is as opposed to being alienated from such, as was the case during the colonial era under a capitalist mode of…
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12 Sep

The word ‘corruption’ is being abused

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Jackie Wilson Asheeke SMS pages, letters to the editor and social media conversations give great insight into public points of view. Through these avenues, I have seen an alarming misuse of word ‘corruption.’ When people label everything as 'corrupt', it is like crying wolf. After a while, no one listens to the cry of alarm anymore – that powerful word loses value and impact. Look at how people have killed the impact of the terms ‘terrorist’ or ‘fake news.’ These loaded words had solid meanings once upon a time. But, now, they have been co-opted by people on the left…
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12 Sep

The Tour de France

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The Time Traveler: Hugh Ellis One sporting event that I’m delighted has not become a total casualty of the Covid-19 pandemic is the Tour de France. Imagine riding a bicycle up to 200 kilometers a day, every day, for three straight weeks, over mountain passes and along windswept coasts, clocking maximum speeds in excess of 60 kilometers an hour? That’s the kind of feat these athletes deliver, year on year. As someone who takes a bike out for a 10-kilometer spin on Saturdays and Sundays, I’ve always thought it completely out of this world. Of course, the reputation of the…
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A Special Tribute to Phillip Shiimi – A True Champion of our Time
12 Sep

A Special Tribute to Phillip Shiimi – A True Champion of our Time

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Ndangi Katoma I first met him at the yellow benches, in the present day NUST campus in Windhoek, while we were both queuing up for registration to commence our tertiary education at the University of Namibia, two years after Namibia’s independence. We immediately connected and bonded well, in a journey of solid friendship and camaraderie that lasted for a good solid twenty three years, when he departed from this earth, on that fateful day, 12 September 2015, in a tragic car accident, about 68 kilometres from Otjiwarongo to Otavi. Born on 21 November 1972 at Ondangwa in Oshikoto Region, the…
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FirstRand Namibia profit down 23.7 percent
12 Sep

FirstRand Namibia profit down 23.7 percent

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Staff Writer FirstRand Namibia released its financial results for the year ending 30 June 2020 where its profit before tax decreased by 23.7 percent to N$1.21 billion compared to N$1.58 billion recorded prior year. “FirstRand Namibia entered this crisis in a position of strength in terms of capital, liquidity, technology and, importantly, talent. Considering the repo rate and prime rate reduction during the reporting period of 275bps, net interest income remained flat, N$2 013.4 million (2019: N$2 012.2 million). Interest expense decreased by 0.4 percent while interest income decreased by 0.2 percent,” FirstRand Namibia Chief Financial Officer Oscar Capelao said.…
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The Sports Minister misses the point
11 Sep

The Sports Minister misses the point

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Jefta Mcgregor Gaoab The Minister of Sports, Youth and National Service (MSYNS), [Hon. Agnes Tjongarero] hijacked and postponed the initially planned media press conference by Namibia Sports Commission (NSC), which was slated for Monday, 31 August 2020. This was done because the Minister was not receptive nor in favour of the interventions by the very NSC that is entrusted with the administrative task of National Sports Federation and national sports umbrella bodies. The issue of the application of NPL’s federation status was not resolved as the Minister intervened and halted it. Mind you the reader, irrespective of which body you…
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NAMDIA declares N$80 million dividend
10 Sep

NAMDIA declares N$80 million dividend

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Clifton Movirongo Namib Desert Diamonds (Pty) Ltd (NAMDIA) has declared a N$80 million dividend payable to the Government of Namibia for the financial period 2019/2020. The company’s full year profit after tax amounted to N$95.2 million, down 41 percent from prior year’s N$161.9 million, with N$63 million paid in taxes to the Ministry of Finance. NAMDIA also paid export levy amounting to N$19 million for the period under review. “NAMDIA performed relatively well during 2019/2020, despite an extremely challenging year for the diamond industry. This positive financial performance is attributed to a well-executed strategy that focuses on revenue maximization for…
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