Page 578 – News Stand

22 Aug

Chinese company denied relief forN$33 million worth of income tax

info_e12wt4csNational NewsChinese company denied relief forN$33 million worth of income tax, Eileen Rakow

Hertta-Maria Amutenja The High Court of Namibia rejected an interim relief request from a Chinese construction company for N$33 million in income tax. According to a judgement delivered last week Friday in High Court by Judge Eileen Rakow, said the concept of ‘pay now, argue later’ should be applicable in this case. “I find no reason to conclude that the ‘pay now argue later’ concept should not be applicable in this matter and thus find that the monies attached by the first respondent should remain with them for now as it is in the public interest,” said Rakow. The money…

22 Aug

Drought necessitates small-scale import of grains and beans

info_e12wt4csNational NewsDrought necessitates small-scale import of grains and beans, Ndiyakupi Nghituwamata

Niël Terblanché Mahangu grains and beans purchased from Angola for own consumption within a radius of 60 kilometres from border posts will for the time being be exempted from the rules that verify agricultural products have been inspected and are pest and disease free. In a statement, Ndiyakupi Nghituwamata, the Executive Director of the Ministry of Agriculture, Water and Land Reform said the looming drought has necessitated the lifting of stricter Phytosanitary measures. At the same time, the ministry is initiating awareness about the importation of grains and beans and the effect such material might have on the health of…

22 Aug

Rising Against Giants: The Essential Disruption in Namibia’s Business Landscape

info_e12wt4csFeatured, OpinionsHosea Kutako International Airport, Menzies, Paragon Aviation, Rising Against Giants: The Essential Disruption in Namibia's Business Landscape

Nrupesh Soni, Facilit8 Namibia The unfolding saga at Hosea Kutako International Airport is more than a mere corporate dispute—it encapsulates a broader issue that reverberates throughout Namibia and indeed, the wider African continent. The tension between Paragon Aviation, a local entity, and Menzies, an international behemoth, over the airport's ground handling tender , goes beyond a mere contractual disagreement. Instead, it sheds light on the uphill battle local businesses face when striving to navigate the labyrinth of corporate colonialism. A persistent, if paradoxical, sentiment exists in parts of Africa, including Namibia: the belief that local firms, by virtue of their…

21 Aug

Inside the Mind of a Black Child

info_e12wt4csFeaturedInside the Mind of a Black Child, Johanna Swartbooi

Johanna Swartbooi, a creative entrepreneur was born and raised in the ||Karas, region and attended public schools in Windhoek. She received three years of training in Social Work before changing fields and acquiring a Higher Certificate in Business and Marketing Management in 2021. She is currently in her final year of studies in Business Administration majoring in Entrepreneurship and Innovation Management. Johanna’s professional career in fashion began with modelling in 2016. Since then she received various awards including Miss Namibia 2019 2nd Runner Up and Female Model of the Year in 2020 from the Simply You Magazine Lifestyle and Fashion…

21 Aug

Keeping repo rate unchanged a positive sign: analyst

info_e12wt4csObserver MoneyKeeping repo rate unchanged a positive sign: analyst, Sheehama

Martin Endjala Economic analyst Joseph Sheehama has praised the Bank of Namibia for keeping the repo rate unchanged, saying it will benefit those with bank loans, especially home mortgages. In an interview with Windhoek Observer last week, Sheehama said, that the Bank of Namibia's decision to keep the repo rate unchanged at 7.75 per cent was unexpected, but maintaining the status quo is a positive sign and will provide moderately needed support to the homeowners, especially those with mortgage loans. A further reduction in interest rates would have been the preferred course of action to bolster overall market confidence, and…

21 Aug

Butchery will improve value addition for Outapi farmers

info_e12wt4csObserver MoneyAmarika Farmers’ Cooperative near Outapi in the Omusati Region, Butchery will improve value addition for Outapi farmers

Niël Terblanché A new butchery at the Amarika Farmers’ Cooperative near Outapi in the Omusati Region will focus on adding value to the produce of rural farmers. The butchery was officially opened by the Minister of Agriculture, Water and Land Reform Calle Schlettwein last week. During the official opening of the new facility, the agriculture minister called on all the local farmers and residents in the region to support the efforts of the Amarika Farmers’ Cooperative in their quest to increase livestock production and in maximizing their profits. Schlettwien also called on the Amarika Farmers’ Cooperative to gain better knowledge…

21 Aug

Strong workforce provides smooth ground handling service at HKIA

info_e12wt4csNational NewsParagon Aviation Services (PAS), Strong workforce provides smooth ground handling service at HKIA

Niël Terblanché For a second consecutive day, Paragon Aviation Services (PAS) provided seamless ground handling service at the Hosea Kutako International Airport (HKIA). Shortly after Menzies Aviation Namibia were evicted from the premises of the Namibia Airports Company (NAC) on Saturday morning flights by Eurowings Discover and Qatar Airways flights were redirected to other international airports in the southern African region because of insurance issues. On Sunday, some of the issues were resolved and Qatar Airways flights landed without any disruption or delay. Eurowings, however, chose not to change their stance because Menzies Aviation Namibia filed yet another urgent application…

21 Aug

Menzies evicted from HKIA

info_e12wt4csMainBisey /Uirab the Chief Executive Officer of the Namibia Airports Company (NAC)

Niël Terblanché Over the past weekend, Paragon Aviation Services has been providing ground handling services at the Hosea Kutako International Airport (HKIA) after a seamless transition from services previously rendered by Menzies Aviation Namibia. Bisey /Uirab the Chief Executive Officer of the Namibia Airports Company (NAC), in a statement, said Paragon’s commencement of ground handling services at HKIA heeds the Supreme Court’s assertion to the effect that Menzies Aviation Namibia relied on unlawful self-help to stay put and it occupied the premises of the NAC unlawfully for about a year, despite the fact that Paragon presently has the right in…

21 Aug

Trustco Bank’s license temporarily suspended

info_e12wt4csFeatured, National NewsBank of Namibia (BoN), Johannes !Gawaxab

Martin Endjala The Bank of Namibia (BoN) has temporarily suspended Trustco Bank Namibia’s license for a period of six months to rectify certain stipulated and communicated instances of non-compliance. This comes after BoN issued a statement last week Friday stating that the suspension is in accordance with Section 15(5) of the banking institutions Act no 13 of 2023, and it was done after consultations with the Ministry of Finance and Public Enterprise, which resolved to halt the authorisation of the Trustco Bank Namibia to operate as a banking institution with immediate effect. According to Johannes !Gawaxab, the BoN’s Governor, the…

21 Aug

Uutoni to attend an urgent meeting withKarasburg Town Council amid employment chaos

info_e12wt4csNational NewsUutoni to attend an urgent meeting withKarasburg Town Council amid employment chaos

Martin Endjala Urban and Rural Development Minister Erastus Uutoni, is set to hold an urgent meeting today with Karasburg Town Council, which has been accused of employing some staff members illegitimately. Last week, Uutoni wrote a letter to the Mayor of Karasburg, Maria Veldskoen, requesting for an urgent meeting to look into the state of affairs at the Town Council. The minister demanded that all councillors be present in the meeting. “This letter serves to inform your good office that I would like to further engage all councillors regarding the state of affairs at the Karasburg Town Council as a…