Managing Director

28 Jan

Namcor attains a vaccination rate of 82 percent

ObserverObserver MoneyImmanuel Mulunga, Managing Director, Namcor attains a vaccination rate of 82 percent

Tujoromajo Kasuto The National Petroleum Corporation of Namibia (Namcor) has overall vaccination status has reached 82 percent. The company has implemented a number of initiatives to combat and contain the spread of COVID-19. Immanuel Mulunga, Managing Director (MD) states: “Namcor continues to relentlessly implement its vaccination directive throughout the company to have as many Namcor staff members vaccinated to maintain a healthy and productive workforce.“ The current vaccination status of Namcor is as follows: 84 percent at the Head Office in Windhoek, 80 percent at the National Oil Storage Facility in Walvis Bay, and 55 percent at its depots in…

Rössing records N$503 million profit

ObserverUncategorisedJohan Coetzee, Managing Director, Rössing Uranium Limited

Staff Writer CNNC Rössing Uranium recorded a N$503 million net profit for period January 2019 to December 2019, an increase from N$166 million recorded in 2018, the company’s latest Report to Stakeholders shows. This comes as the uranium miner’s revenue was in line with those of prior year at N$2.82 billion during the period under review. “Lower sales volumes were largely offset by a more favorable exchange rate. However, a 15 percent reduction in operating costs had a positive impact on profits before tax. The reduced costs largely contributed to an improved net profit after tax from normal operations of…