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Chamwe Kaira Koryx Copper Inc. has released new drilling results from its Haib Copper project in southern Namibia. The company reported test results from 13 drill holes covering nearly 5,000 metres. The work forms part of Phase 2 and Phase 3 of its 2026 exploration and development programme at Haib, which Koryx fully owns. Haib is planned as a large open-pit copper mine. Koryx aims to produce an average of 88,000 tonnes of copper per year over a projected 24-year mine life. The process would involve crushing and milling the ore before using flotation to produce copper concentrate. A preliminary…

Chamwe Kaira As the 2025/26 maize marketing year approaches its close in April 2026, South Africa’s maize exports continue, but at a slower pace than expected. Economist Wandile Sihlobo said recent trade data shows exports have not moved as quickly as anticipated. “I was looking at South Africa’s grain trade data and thought I’d make a few remarks about the slow pace of exports based on recent trends,” Sihlobo said in his February analysis on South African maize trade. More than two-thirds of maize exports this season have gone to countries in the Southern African region. Zimbabwe, Botswana, Namibia and…

Mally Likukela Minister of Finance, Hon. Erica Shafuda announced last week that she will present the national Budget 2026-27 on Thursday, February 26.  Understanding the budget speech First and foremost, citizens must understand that the budget statement is not “The Budget” as is commonly known, but it is just one of the documents in a set of several other documents that the Minister presents (or tables) to Parliament. The Budget Speech together with other documents is aimed to explain the Government’s plan for revenue, spending, borrowing and taxation down to the last dollar.  Structure of the budget speech To be…

Staff Writer Old Mutual has appointed Pieter Moller as head of broker distribution within its personal finance business. His appointment takes effect on 1 March 2026. Moller has experience across the financial services sector. His career includes roles in distribution leadership, business development, strategic partnerships and operations.  He previously held senior positions at Old Mutual, including head of distribution: retail mass market, chief operating officer and head of business development at Old Mutual Investment Group Namibia, and retail advice centre manager. He holds a BA (Law), an LLB and an MBA. He has also completed executive programmes in management and…

Staff Writer SPAR Group Limited has confirmed it has been served with a summons linked to alleged claims arising from the SAP implementation at its KwaZulu-Natal distribution centre. The amount claimed now exceeds the initial R5 million. The group said most affected KZN retailers have reached amicable settlements, and service levels at the distribution centre have stabilised. SPAR has revised its SAP rollout strategy. It will now focus on capability enablement instead of distribution centre integration. During the current financial year, the finance function will move to a single SAP environment with one unified chart of accounts. For the 18…