Anthony Viljoen, Chief Executive Officer of Andrada Mining has said that the continuation of significant high-grade tin, tungsten and copper intersections at the Brandberg West project endorses their strategic outlook for this area and is demonstrative of the untapped value at this asset. The miner last week provided the finalContinue Reading
September 2024 vehicle sales reached 988 units, marking a continued decline in the units sold for the past two months, a report by Simonis Storm reveals. Out of the 988 units sold inSeptember2024,978 were sold to dealerships, 10 to rental agencies and none to government. Vehicle purchases by rental agenciesContinue Reading
About 32 years ago, Namibia Post Limited (NamPost) had assets of roughly N$69million and has now grown these assets to N$8.1 billion, Festus Hangula, Chief Executive Officer of NamPost said this week on the occasion of the launch of NamPost’s digital channels. “In 2009, the assets were N$1.5 billion, soContinue Reading
By Mignon du Preez The most important change introduced by the gazetting of the Income Tax Amendment Act (No. 8442) on 16 September 2024 was that the tax threshold for individual taxpayers increased from N$50 000 to N$100 000, with effect from 1 March 2024. With this, many Namibians willContinue Reading
The Bank of Namibia, the Ministry of Finance, the Namibia Financial Institutions Supervisory Authority (NAMFISA), and the entire financial sector have taken initial steps to establish a coordinated forum to speak with one voice and advocate for sustainability within the financial sector and the economy. This was announced earlier todayContinue Reading
The Namibia Revenue Agency (NamRA) has announced that 50,804 taxpayers have been identified as beneficiaries of refunds, totalling N$75.1 million in the current cycle of mass tax refunds. Included in this amount are refunds below N$3,000, a deliberate step by NamRA to reduce audit backlogs and speed up the refundContinue Reading
The Namibia Revenue Agency (NamRA) has reported that from 1 April 2024 to 30 September 2024, the Authority collected a net amount of N$45.1 billion representing an increase of N$7.1 billion compared to the same period last year, where N$38 billion had been collected by September 2023. This was announcedContinue Reading
Sisedi Investment Group, a wholly 100% black Namibian owned asset management company, has announced the appointment of Arney Tjaronda as its new Research Analyst. With a background in finance and investment analysis, Arney brings a wealth of knowledge and enthusiasm to the team. Tjaronda’s journey in the finance sector beganContinue Reading
By Roberta Da Costa A legacy is more than just passing on money or belongings; it’s about making sure your loved ones are cared for when you’re no longer here. One important part of this is arranging funeral cover, which is often overlooked. By understanding and taking these steps, youContinue Reading
The stock of international reserves stood at N$57.1 billion as at the 30th of September 2024 compared to N$60.8 billion at the end of July 2024, the Bank of Namibia said in a statement last week. The decline was mainly driven by net commercial bank outflows, customer foreign currency withdrawals,Continue Reading
