Category: Observer Money
The importance of appointing a proxy and executor
“Most of us have probably faced death and thought about our own mortality more often, and however daunting the prospect may be the consequences of not preparing for this inevitability can be devastating for those left behind when a family member passes away, which is something that has unfortunately happened far too often over the last few months,” says Taswald July, FNB Group Legal Advisor
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Last will and testament of great importance in these times
“In the wake of the Covid-19 third wave we have seen numerous instances where couples have died, leaving children behind and families reeling with the aftermath,” says Anielle von Finckenstein, Head of FNB Fiduciary.
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The Rise of eCommerce – is Namibia ready?
eCommerce has become a buzz word as one of the key revelations of the 21st century economic realities. We have all witnessed the advent of the COVID-19 pandemic further reinforcing the importance of being able to buy and sell goods and services or transmitting funds or data over electronic networks.
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Pay for water and electricity with an eWallet
FNB Namibia has announced that its customers can pay for their water and electricity via its eWallet platform.
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Stimulus upbeat on outlook, despite slump in investee contribution
Stimulus Investments Limited has reported an operating profit of nearly N$1.32 million for the year ended 28 February 2021, compared to a loss of about N$5.95 million for the same period last year.
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Eos to acquire Mushara Collection
Private equity firm ,Eos Capital will acquire The Mushara Collection through its Allegrow Fund, pending approvals from the Namibian Competition Commission (NaCC) and land waiver application with the Ministry of Lands and Resettlement.
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Col’Cacchio reopens at The Grove
Col’Cacchio has once again opened its doors at the Grove Mall of Namibia, after a revamp and under new management.
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Value-Added Tax (VAT) Fraud
Value-Added Tax Act 10 of 2000 was brought into force on 27 November 2000, to provide for the imposition and collection of value-added tax and to provide for matters incidental thereto. Subject to this Act, there shall be levied and paid, for the benefit of the State Revenue Fund, a tax (to be known as the value-added tax) on every taxable supply by a registered person; and on every import of goods or import of services, other than an exempt import.
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Definition of Act dominate procurement conference
Matters surrounding the interpretation of the Public Procurement Act in the procurement process dominated the Namibia Procurement Conference held in Windhoek last week.
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Eos Capital acquires solar and refrigeration business
Private equity firm, Eos Capital has announced that it will acquire Utility Energy Partners’ solar and refrigeration assets subject to regulatory approval.
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Old Mutual extends ALI agreement
Old Mutual has announced that it will invests N$900 000 in total over three years to train government school principals and department heads through Africa Leadership Institute (ALI).
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Meatco directors resign
Material differences including issues to-do with the direction of the company have seen Chairperson of the Meatco board, Johnnie Hamman, his deputy Clara Bohitile and Kay Dieter Rumpf tendering their resignations.
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