Page 897 – News Stand

03 Jun

Col’Cacchio reopens at The Grove

Staff Writer Col’Cacchio has once again opened its doors at the Grove Mall of Namibia, after a revamp and under new management. Col’Cacchio known for gourmet thin-based wood-fired pizzas, hearty pasta and crisp fresh salads, has a legacy of crafting artisanal meals out of the freshest sourced ingredients, with quality and innovation always at the heart of their dynamic offering. New owner, Melissa Du Plessis, a committed foodie and long-time Col’Cacchio fan said she jumped at the opportunity to bring the brand back to Windhoek. Sharing on returning customers should expect, Du Plessis said, “Customers can expect great service, the…

03 Jun

Genocide deal review urged

info_e12wt4csObserver MoneyGenocide

Tujoromajo Kasuto and Kandjemuni Kamuiiri Political commentators in Namibia and abroad have urged the German government to relook at its offer and how it handled negotiations that have led to a deal being announced between the country and the Namibian government. This comes as representatives of the descendants of the victims of the genocide have unanimously rejected the deal as well as an apology offered by German Foreign Affairs Minister, Heiko Maas. On the rejections of the deal in Namibia, President of the International Network of Genocide Scholars (INoGS) and German Historian, Jürgen Zimmerer, stated that “it is a missed…

03 Jun

Johnson & Johnson vaccines could cost millions annually

info_e12wt4csObserver MoneyCovid-19, Johnson and Johnson, Ministry of Health and Social Services (MOHSS)

Andrew Kathindi The Ministry of Health and Social Services (MoHSS)’s decision to acquire the Johnson and Johnson COVID-19 vaccine could cost the country N$34 million per year for an unspecified number of years after it emerged the vaccine has to be continuously taken annually. According to the MoHSS, Namibia is expected to receive 250,000 doses at a cost of US$2,500,000.00 (N$ 34,375,000.00) sometime in August. According to American media reports, the Chairman and Chief Executive Officer (CEO) of Johnson & Johnson, Alex Gorsky, has stated that people who are inoculated with Johnson & Johnson may have to received annual doses…

02 Jun

Value-Added Tax (VAT) Fraud

info_e12wt4csUncategorisedValue-Added Tax, VAT

Value-Added Tax Act 10 of 2000 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. Every registered entity that is liable for the payment of value added tax…

02 Jun

Definition of Act dominate procurement conference

info_e12wt4csUncategorisedNamibia Procurement Conference, Public Procurement Act

Staff Reporter Matters surrounding the interpretation of the Public Procurement Act in the procurement process dominated the Namibia Procurement Conference held in Windhoek last week. The conference was attended by more than 60 procurement officers drawn from State-owned companies and local authorities as well as suppliers who bid for Government contracts. Tenders awarded by State-owned institutions and local authorities have been subjected to many court disputes. “The conference was successful. Everyone was engaging throughout. That is the thing with procurement, its non-ending debate. I believe the participants walked away with a lot of insights,” said one of the speakers at…

02 Jun

Eos Capital acquires solar and refrigeration business

info_e12wt4csUncategorisedEnergy Partners, Eos Capital

Staff Writer Private equity firm, Eos Capital has announced that it will acquire Utility Energy Partners’ solar and refrigeration assets subject to regulatory approval. Energy Partners is an innovative energy infrastructure company that builds, operates, and maintains solar and refrigeration assets in Namibia. “Through their innovative business model, Energy Partners provides an energy solution to clients which reduces their grid energy consumption through its solar installations and optimisation of their freon/ammonia cooling systems combined with the use of world-leading monitoring technologies. Energy Partners additionally reduces their clients’ CAPEX burden by taking on all the construction costs and leasing the assets…

02 Jun

Gobabis municipality yet to pronounce itself on CEO

info_e12wt4csObserver MoneyGobabis Town Council, Ignatius Thundinyane

Staff Writer Gobabis Town Council is yet to pronounce itself on the future of the southern town’s Chief Executive Officer, Ignatius Thundinyane. The CEO stands accused of making irregular payments of N$6 million to Ewi Technical Civil Construction, a company that is alleged to have attained a fake bank guarantee to secure a tender at the town. Chairperson of the Gobabis management committee, Dewaal Louw, had in May stated he would seek clarity from the CEO on why payment of N$6 million were made to the company without council approval. Whether an explanation from the CEO had been offered and…

02 Jun

Billionaire’s special treatment rattles Ndeitunga … as Police ignore court orders

info_e12wt4csObserver MoneyBritish billionaire, Harvey Boulter, Lieutenant General Sebastian Ndeitunga, NAMPOL

Rose-Mary Haufiku Namibia Police Force (NamPol) head, Lieutenant General Sebastian Ndeitunga, says he is concerned about the continued special treatment being given to British billionaire, Harvey Boulter, who has evaded staying in prison since his arrest on murder charges more than three months ago. An irate Ndeitunga said he suspects there are individuals aiding his continued stay in hospital, amid claims he is “sick.” “I have a problem because he is always admitted. He does not want to go to the cells. I’m even suspecting that some people are favouring him to be a permanent patient in hospital. All suspects…

01 Jun

Old Mutual extends ALI agreement

info_e12wt4csUncategorisedAfrica Leadership Institute (ALI), Old Mutual

Staff Writer 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). The 3-year agreement is an extension of an existing 14-years partnership between Old Mutual and ALI, with the aim to equip school management with the necessary leadership knowledge and skills through the Transformational Leadership Certificate as endorsed by the Ministry of Basic Education and Culture, as well as the National Qualifications Authority (NQF level 5), in Namibia. Old Mutual’s investment will be channelled towards the learning material, class facilitation and…

01 Jun

Meatco directors resign

info_e12wt4csUncategorisedClara Bohitile, Johnnie Hamman, Kay Dieter Rumpf, Meatco

Staff Writer 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. Their resignations which are with immediate effect, came after the meat processor’s board meeting last Thursday. Public Enterprises Minister, Leon Jooste, appointed the current board of directors in terms of the Meat Corporation of Namibia Act of 2001 for a term of three years. Hamman and Bohitile were nominated by Meatco members in the category “Expert “in terms of Section 5(1) d and Rumpf in the category…