Page 967 – News Stand

21 May

Dempsey takes over as FirstRand Namibia Group CEO

info_e12wt4csUncategorisedConrad Dempsey, FirstRand Namibia, RMB Namibia

Staff Writer RMB Namibia Chief Executive Officer, Conrad Dempsey has been appointed FirstRand Namibia Group CEO Designate effective 1 July 2020 and will officially takeover reigns from Sarel van Zyl who retires on 30 September 2020. “He brings a wealth of work experience from around the world as well as Africa and successfully has led and developed RMB into the most successful Corporate and Investment Bank in Namibia. He has an incredibly deep understanding of the group’s businesses and our culture and I know he will take FirstRand to even greater heights”, said Van Zyl. “We have developed a strong…

20 May

Labour issue in court case signals doom

info_e12wt4csNational Newscourt, labour

In general, we tend to support the lawsuit by several companies challenging the government. The cherry-picking of existing national labour laws, will destroy their businesses. Other laws that could overlap this situation are being side-stepped. The precedent is frightening. Others will credibly argue that the prevention of mass terminations and precipitously firing thousands of workers during a state of emergency is not a political agenda, but a national security consideration. At worst, it is a humanitarian imperative. The courts will have their hands full sorting the matter. Many are watching this ruling. This decision could break the Namibian economy, either…

20 May

Rental prices rebound

info_e12wt4csUncategorisedCovid-19, FNB, FNB Rental Index, Frans Uusiku

Staff Writer The FNB Rental Index for the first quarter of 2020 shows that overall residential rent prices rebounded from a two-year negative growth territory. Frans Uusiku, FNB Market Research Manager said the Covid-19 lockdown is bound to paint a different picture when looking at quarter two of 2020. “Although we reached a 12-month average growth of 0.0 percent at the end of March, bringing the national monthly average rent price to N$ 7465, we know that the pandemic has disrupted business activity, resulting in job losses and reduced income for the most part of the labour force. This is…

19 May

Debmarine employees aid communities

info_e12wt4csUncategorisedCoFeed Namibia Project, Debmarine Namibia, Okahandja, Oranjemund, Windhoek

Staff Writer Debmarine Namibia employees took an initiative to reach-out to those less fortunate by raising funds to purchase food parcels that will feed hundreds of destitute families in Oranjemund, Okahandja and Windhoek informal settlements. The employees raised more than N$40 000 which was matched by the Company. A total of N$ 80 000 was therefore committed to the initiative. In the true spirit of Show We Care, last week, 70 families from Otjomuise, 8Ste Laan benefited from the drive through the Cheerful Givers, a youth charity organisation which was started to provide struggling families with food during the lockdown…

19 May

Bank Windhoek brings water closer to the community

info_e12wt4csUncategorisedBank Windhoek, Covid-19, Jacquiline Pack

Staff Writer A team from Bank Windhoek led by the bank’s Executive Officer of Marketing and Corporate Communication Services, Jacquiline Pack, visited the Moses ǁGaroëb Constituency in Windhoek to assess the impact of water tanks donated to informal settlements around Windhoek. Capricorn Group and Bank Windhoek collaborated in donating 13 tanks, each with a capacity of 10 000 litres, to provide safe and clean water to residents. “As a connector of positive change, we believe that it is essential for us to take care of our community in which we operate. And with the COVID-19 pandemic, we thought it necessary…

19 May

Niikondo appointed NUST acting VC

info_e12wt4csObserver MoneyDr Andrew Niikondo, Namibia University of Science and Technology, NUST

Staff writer The Namibia University of Science and Technology (NUST) Council has appointed Dr Andrew Niikondo as the university’s new Acting Vice-Chancellor, effective 19 May 2020. Niikondo’s appointment follows the expiry of the acting term of Morné Du Toit, who now reverts to his substantive position of Deputy Vice-Chancellor: Finance and Administration. Dr Niikondo is expected to serve for a period of six (6) months, or until the position is substantially filled, which ever date is earlier. “It is envisaged that the recruitment of the Vice-Chancellor will be concluded in the second half of the year. The Council is confident…

19 May

Artists on lockdown: Jyz Yorke

info_e12wt4csUncategorisedJyz Yorke, State of Emergency

Thandi Kawerama The State of Emergency has brought drastic changes to various industries in our country, and the music industry is no exception. Concerts, festivals and other forms of promotion have been cancelled in light of the global pandemic. Entertainers are facing challenges during the lockdown to get the exposure they need to reach their audiences. Local artist Jyz Yorke recently chatted with us, over the phone of course, about what he’s been up to during the State of Emergency, his future plans, and how he realized that creating your own community as an artist will keep you afloat even…

19 May

Learning during lockdown

info_e12wt4csUncategorisedLearning, lockdown, TikTok

Albin Jacobs With Stage 2 of the phased State of Emergency set to run for another few weeks, life really has transformed in Namibia. Life as we know it across the globe has changed forever. We have all been trying to keep busy, some still just trying to work from home, others baking, learning to paint, catching up on sleep or rehearsing the ever-important TikTok dances. We all cope in different ways. Some are picking up studies that fell by the wayside, or finally finding the time to sit and think how to develop themselves academically. This is where distance…

19 May

If you need help, ask for it

info_e12wt4csNational NewsAfrican Union, Eurobond, United Nations

Namibia faces a serious problem of re-paying the Eurobonds that will come due in October 2021. The time for outside professional, experienced professionals to address the problem has come. This cannot be done on the cheap. We are loathed to make this admission. We have always criticized government ministries about their dependence on foreign consultants. Since independence, Namibia has spent hundreds of millions in hard currency for consultants. Ministries have paid consultants to do their jobs for them over 30 years. Consultants contracted for a month to help write one document, were given every assignment under the sun. Consultants paid…

16 May

Get out of your head and get into something new

info_e12wt4csUncategorisedNational Art Gallery, WhatsOn Namibia

Jackie Wilson Asheeke Check out WhatsOn Namibia - delia@whatsonnamibia.com It is time to get back into the saddle…at least a little bit. Get on to the mailing list of WhatsonNamibia noted above. They will send you notices of different events that are happening virtually and after this cup passes, they will send events that you can attend. I think this is a part of the new normal! I rarely have time after a long day at work to go to Song Night, but I always have wanted to go. Now, because it is online on Wednesdays, I’ll be able to…