Namibia Wildlife Resorts Limited (NWR)

07 May

Innovation carries day for NWR

ObserverUncategorisedCovid-19, Namibia Wildlife Resorts Limited (NWR)

Staff Writer Namibia Wildlife Resorts Limited (NWR) says COVID-19 negatively impacted its business for the 2019/20 financial year, but product innovation carried the day for its operations. According to the hospitality company’s Chairman Ambassador Leonard Iipumbu, "during the financial year 2019/20, we faced our greatest challenges as an organization. The significant milestone of our first-ever profit of N$ 22 million since the establishment of the organization and other financial gains made in 2018/2019 were wiped out due to Covid-19." He said to sustain its operations which resulted in it not retrenching or reducing its employees' salaries except for its Board's…

27 Oct

NWR gets N$40m boost

ObserverUncategorisedCovid-19, Government, Namibia Wildlife Resorts Limited (NWR)

Staff Writer Government has availed N$40 million in financial support to Namibia Wildlife Resorts Limited (NWR). The funds were allocated to the company in the FY2020/21 Mid-Year Budget Review and Medium-Term Budget Policy Statement. This comes as the tourism company’s board and management had engaged the Ministry of Public Enterprises) to find ways of mitigating the effects of COVID-19 on the business, ensuring the sustainability of the company. “The past six months have been the most challenging for most Namibian companies in Namibia. The Covid-19 pandemic has and is still having, an enormous impact on the tourism and aviation-dependent organisations…

20 Oct

NWR retrenches

ObserverUncategorisedNamibia Wildlife Resorts Limited (NWR), NWR CEO Dr Matthias Ngwangwama

Staff Writer Namibia Wildlife Resorts Limited (NWR) has announced that it has begun a voluntary separation exercise to align its staff numbers in light of the impact that Covid-19 has had on the tourism sector. This comes as the company has already informed employees of the exercise which begun on the 22 September 2020 up until 22 October 2020, with an opportunity to separate from the organisation voluntarily. On the table is two week’s salary for every year of uninterrupted service as a severance pay-out, any leave balances as at 30 September 2020, subject to a maximum of 60 days…

22 Sep

NWR cuts management salaries

ObserverUncategorisedDr Matthias Ngwangwama, Namibia Wildlife Resorts Limited (NWR), NWR, NWR Managing Director

Staff Writer Namibia Wildlife Resorts Limited (NWR) has resolved to slush salaries of its senior management by 25 percent as part of its cost containment measures, amid the negative impact of COVId-19 on the country’s tourism sector. “For the past six months, all tourism companies have been severely affected by Covid-19. Namibia Wildlife Resorts Limited (NWR) being one of the dominate players was not spared from the impacts of the pandemic. With the negative effect on the operations of the business, NWR has had to pursue extensive cost-cutting and revenue-enhancing measures that enabled it to continue as a going concern,”…