NEWS

19 09, 2018

NAMPOWER 175 TONNE TRANSFORMER HEADING TO SOUTH AFRICA

2018-09-19T08:22:41+00:00 September 19th, 2018|NEWS|

NamPower would like to inform the public that a 315 MVA transformer, with the voltage ratings of 400/220/22kV is being transported via road from Gerus substation near Otjiwarongo to Johannesburg, South Africa. The transformer, one of the four that were commissioned with the Zambezi Link Interconnector (ZLI) in 2010, is enroute to Eskom-Rotek Industries [...]

18 09, 2018

NASPERS TO SEPARATELY LIST ITS VIDEO ENTERTAINMENT BUSINESS AS MULTICHOICE GROUP ON THE JSE

2018-09-18T08:49:43+00:00 September 18th, 2018|NEWS|

Naspers today announced its intention to list its Video Entertainment business separately on the Johannesburg Stock Exchange (JSE) and simultaneously to unbundle the shares in this business to its shareholders. The new company will be named MultiChoice Group and will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. Commenting on the transaction, [...]

17 09, 2018

NWR INCREASES AWARENESS IN THE NORTH AMERICAN MARKET

2018-09-17T09:53:25+00:00 September 17th, 2018|NEWS|

Namibia Wildlife Resorts (NWR) and Namibia Tourism Board (NTB) have just returned from the South African Airways (SAA) Africa Showcase. The showcase is the largest travel trade event in North America featuring exclusively African suppliers that represent hotels, safari lodges, destination tourism organisations and other attractions that are popular with North American travellers. This [...]

17 09, 2018

NBL FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2018

2018-09-17T08:21:01+00:00 September 17th, 2018|NEWS|

PERFORMANCE HIGHLIGHTS  Revenue N$ 2.6 billion, down by 0.8%  Operating profit N$ 613 million, up by 0.34%  Profit after tax N$398 million, up by 25%  Earnings per share 192.6 cents, up by 25%  Final dividend per ordinary share 46 cents, up by 9.5%  Special dividend per ordinary share [...]

12 09, 2018

BANK WINDHOEK APPROVES 7% ANNUAL SALARY INCREASES

2018-09-12T10:45:46+00:00 September 12th, 2018|NEWS|

Bank Windhoek is pleased to announce an average of 7% in salary increases for the 2018 remuneration period. “We are happy to have reached a mutual agreement on the percentage salary increases and additional employee benefits for the 2018 financial year,” said Baronice Hans ManagingDirector. She further emphasised that the adjustments are performance based and [...]

11 09, 2018

OHORONGO PRODUCED CEMENT POWER WITH SOLAR ENERGY

2018-09-11T13:22:29+00:00 September 11th, 2018|NEWS|

The Minister of Mines and Energy Hon. Tom Alweendo, today (07 September) inaugurated Namibia’s first privately owned Independent Power Producer (IPP) solar PV plant that will supply power directly to an industrial customer without going through the national transmission grid. The plant, located next Ohorongo Cement, is a close to N$100 million investment solar [...]

7 09, 2018

DEVELOPMENT BANK OF NAMIBIA CEO MARTIN INKUMBI HAS BEEN APPOINTED CEO OF THE BANK FOR ANOTHER FIVE YEARS

2018-09-07T08:41:00+00:00 September 7th, 2018|NEWS|

The Board of the Development Bank of Namibia has extended the tenure of CEO Martin Inkumbi for another five years. Inkumbi was initially appointed as CEO in 2013 following a period as Acting CEO in the wake of the departure of founding CEO David Nujoma. During the five years since Inkumbi’s appointment, the Bank’s [...]

6 09, 2018

NEDBANK NAMIBIA LAUNCHES PRIVATE WEALTH OFFERING

2018-09-06T10:12:52+00:00 September 6th, 2018|NEWS|

Nedbank Namibia launched its Private Wealth offering on Monday, 3 September. The offering will provide clients with personalised financial advice to always maintain financial stability, accumulate and grow their assets and wealth during challenging and often turbulent global economic times. Nedbank Namibia is cognisant of the fact that in order to help clients attain [...]

4 09, 2018

SAVE IN FOREIGN CURRENCY WITH AN FNB GLOBAL ACCOUNT

2018-09-04T13:02:23+00:00 September 4th, 2018|NEWS|

Have you dreamt of putting aside a little extra in a foreign currency for that once-in-a-lifetime holiday abroad? Or just simply being able to save and transact in foreign currency to avoid having all your ‘eggs in one basket’? “Now is your chance”, says Neville Ntema. FNB Namibia proudly offers the exciting GLOBAL ACCOUNT. [...]