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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

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Business / Economics

Govan Mbeki Lecture Highlights Need for African Infrastructure Upgrades

In S.A, The annual Govan Mbeki Lecture at the Nelson Mandela University in Gqeberha emphasised the importance of African infrastructure upgrades for industrialisation. Speaking at the lecture, Volkswagen Group South Africa's managing director , Martina Biene said the African Free Trade Agreement is seen as a strategic move to boost intra-African trade and position Africa as an industrial hub:  

todayAugust 8, 2024 18

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Business / Economics

Finance Minister tables Income Tax Amendment Bill

The Minister of Finance and Public Enterprises, Iipumbu Shiimi has introduced the Income Tax Amendment Act of 2024 in the National Assembly. The Act provides tax relief to individuals and non-mining companies by amending Schedule 4 of the Income Tax Act of 1981, which addresses tax rates. Shiimi had announced in the February 2024 national budget that all taxpayers would receive relief by adjusting the tax tables by N$50,000, exempting […]

todayAugust 7, 2024 328 4 2

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Business / Economics

Mining expo focuses on expansion opportunities

The 11th edition of the Mining Expo & Conference 2024 is underway in Windhoek, bringing together industry experts in the mining sector. Speaking at the event, Zebra Kasete, Vice President of the Chamber of Mines and Managing Director of Dundee Precious Metals in Tsumeb, highlighted that the surge in the uranium sub-sector is driving expansion opportunities in the mining industry.     During the opening of the expo on Wednesday, […]

todayAugust 7, 2024 38

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Business / Economics

Workplace discrimination saps everyone’s motivation − even if it works in your favor

Brent Simpson, University of South Carolina When people work for discriminatory managers, they put in less effort. That’s true both when managers are biased against them and when they’re biased in their favor, according to a new paper that Nicholas Heiserman of Oklahoma State University and I have published in the journal Nature Human Behaviour. To demonstrate this, we placed nearly 1,200 research participants in several experiments designed to mimic […]

todayAugust 7, 2024 18

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Business / Economics

7 August 2024 Morning Biz News: Nedbank’s Avo SuperShop Growth, South Africa’s Refinery Deal, Nigeria’s Oil Production Surge, and Currency Updates

  Nedbank’s Avo SuperShop Sees Rapid Growth Since its launch in the latter half of 2023, Nedbank’s Avo SuperShop has made significant strides, registering over 1,800 users and featuring more than 3,000 products from 19 merchants. According to Nedbank Group’s unaudited interim results for the six months ending June 30, 2024, both user registration and merchant participation are expected to grow further. The Avo SuperShop offers a digital marketplace for […]

todayAugust 7, 2024 24

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Business / Economics

6 August 2024 Morning News:Business News Roundup: Ministry of Mines Charter, Pick n Pay Raises Funds, Oil Prices Surge, and U.S. Dollar Falls

Ministry of Mines and Energy Launches Customer Service Charter The Ministry of Mines and Energy has pledged to expedite processes within the extractive industry as part of its newly launched Customer Service Charter. Speaking at the launch on Monday, Executive Director Penda Ithindi outlined a series of measures aimed at improving efficiency and transparency in the sector. This initiative is expected to significantly enhance the Ministry's responsiveness and service delivery, […]

todayAugust 6, 2024 13

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