The Finance & Insurance community of Namibia

Lesotho Highlands scheme gets the nod

Fri, 17 May 2013 12:29:00 +0200

The R12bn phase two of the Lesotho Highlands Water Project (LHWP), which will secure a continued supply of water for SA and hydroelectric power for Lesotho, was approved in principle by the two countries this week.
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Hilton plans to boost African presence

Thu, 16 May 2013 08:38:00 +0200

Hilton Worldwide has expanded its product offering in SA over the past six months and the US-based group intends to increase its presence in Africa‚ according to vice-president of operations for Africa and the Indian Ocean‚ Jan van der Putten.
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AngloGold's focus on cutting costs

Tue, 14 May 2013 12:30:00 +0200

AngloGold Ashanti is gearing up to sell a second mine as the company deepens its focus on delivering value to shareholders in a difficult gold market‚ new chief executive Srinivasan Venkatakrishnan said on Monday (13 May).
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Time to unlock Africa's travel potential

Tue, 14 May 2013 11:56:00 +0200

The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May).
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State should own 50% of all Africa's mines

Mon, 13 May 2013 14:21:00 +0200

African governments should own at least a 50% of any new mining venture in order to ensure that the country gets more of the revenue from mining projects.
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MTN now has 195m subscribers

Fri, 26 Apr 2013 07:25:00 +0200

Mobile phone operator MTN has increased its subscriber numbers by 3.2% in the first quarter 2013 and now has 195.4m users of its service in 22 countries across Africa and the Middle East.
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Sharp drop in Pick n Pay's earnings

Wed, 24 Apr 2013 06:48:00 +0200

Pick n Pay has reported a 21.7% drop in diluted headline earnings per share to 109.61c despite a 7.1% rise in turnover to R59.3bn. Dividends fell by 35.8% to just 84 cents a share.
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Agriculture offers real growth potential

Mon, 22 Apr 2013 13:24:00 +0200

Although structural impediments such as poor logistics render the search for new avenues of deeper intra-African trade challenging‚ there is an immediate and compelling growth potential in the trade of agricultural products‚ Standard Bank research analyst Simon Freemantle said last week.
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Shipping vital for international trade

Mon, 22 Apr 2013 10:00:00 +0200

Two conferences held in Cape Town last week highlighted the fact that about 90% of all trade between countries is shipped by sea.
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Taxes hammering Africa's aviation

Mon, 22 Apr 2013 07:51:00 +0200

Government policies towards aviation in Africa tend to see it as an "elite" product‚ rather than as a critical component of the continent's economic infrastructure.
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