By Johnny Truter International law states that any illegal act involving deception to obtain money from a financial institution or a bank’s depositors is categorised as bank fraud. Like other fraud offences, bank fraud involves using a trick to obtain money illegally. Nowadays, fraudsters are continuously coming up with differentContinue Reading
Your retirement can be an exciting and fulfilling time in your life. A time to do the things you always dreamed of doing. Things you did not have the time to do before. Like spending more time with family and friends, seeing the world, helping others, taking up a newContinue Reading
The ongoing digital transformation has sparked several trends that have influenced the way Nedbank Namibia’s Corporate and Investing Banking (CIB) division revolutionises its solutions for businesses, corporations, and other large entities. CIB recognises the pivotal role of technology in transforming transactional banking services to enhance the overall client experience. ‘TheContinue Reading
By Audrey Chanakira By now all of us have heard of Artificial Intelligence (AI) and of the wonders of ChatGPT. There’s a lot of excitement, but also a lot of unknowns and wild rumors, especially when it comes to educational aspects and leveraging AI in the academic space. Critics andContinue Reading
China-based Yintai Gold is set to acquire Canadian gold exploration firm Osino Resources in an all-cash deal for N$5.3 billion. In essence, Osino will end its N$4 billion deal with Canadian gold miner Dundee Precious Metals, which was announced in December, and Yintai Gold also will pay a N$140 millionContinue Reading
…growing tally now at 32 and counting Jon Howell, CEO of AviaDev has revealed that 32 airlines and counting are already registered for AviaDev Africa 2024, the premier platform dedicated to growing connectivity to, from, and within the African continent. Last week, Business Express reported that 26 airlines had beenContinue Reading
…looks to create 1000 direct jobs After having been stalled for seven years, the Omitiomire copper project of Namibian copper explorer and developer Omico Mining has now completed phases 1, 2 and 3 of metallurgical testwork, with Phase 4 of the metallurgical testwork to be completed in the second quarterContinue Reading
To increase the net present value (NPV) of Namibia’s marine diamond mining sector, four strategies – economies of scale, economies of scope, productivity and efficiency improvements, and improvements to the quality of the resource – can be assessed as potential options. This is according to a joint report created byContinue Reading
Toronto-listed junior ReconAfrica has pinpointed what is set to be the target of its first exploration well onshore Namibia as part of a multi-probe campaign planned for 2024. To date, all surveying activity has been completed, with demining activities complete on the Damara Fold Belt Prospect L, which is expectedContinue Reading
Chief Economist at Capricorn Asset Management Floris Bergh has advised the government to consider capping the public sector wage bill, which currently stands at an astronomical N$33 billion and use part of the savings to invest in social welfare spending, with the ultimate view to creating micro-economies. Bergh was speakingContinue Reading
