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

Consumer Protection

6 Results / Page 1 of 1

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Business / Economics

Bank of Namibia Issues Warning on Fraudulent Investment Schemes

The Bank of Namibia has raised alarms about an increase in fraudulent investment schemes that falsely promise financial support for the nation’s development initiatives. These scams primarily target high-ranking government officials and traditional leaders, exploiting their reputations to gain credibility. The Bank has also observed that religious and traditional leaders are being approached to promote these deceptive schemes within their communities, further misleading the public. The regulator's Josefina Oskar:  

todayOctober 23, 2024 22

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Business / Economics

Auto industry faces new guidelines

The Namibian Competition Commission is developing industry guidelines to address anti-competitive practices in the automotive sector. The proposed guidelines will, according to the Commission, improve market conditions by promoting fair competition, transparency, and consumer protection. The development follows an investigation launched in 2018 into the conduct of original equipment manufacturers, vehicle dealerships, and panel beaters. NaCC spokesperson Dina //Gowases.  

todayJuly 30, 2024 33

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Lifestyle

Websites deceive users by deliberately hiding the extent of data collection and sharing

Within the first three seconds of opening a web page, over 80 third parties on average have accessed your information. (Shutterstock)     By Raymond A. Patterson, University of Calgary; Ashkan Eshghi, Warwick Business School, University of Warwick; Hooman Hidaji, University of Calgary, and Ram Gopal, Warwick Business School, University of Warwick   Websites sometimes hide how widely they share our personal information, and can go to great lengths to […]

todayApril 17, 2024 28

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Namibia

Shivute encourages consumers to know their rights

The Oshikoto regional council chairperson, Samuel Shivute, is encouraging people to know their rights and stop taking unaffordable debt that can result in them experiencing financial distress. Shivute said at the Oshikoto regional consumer credit bill consultations held at Omuthiya on Thursday that many people find themselves burdened by expensive loans and insurance over the years due to a lack of information on how loans and insurance work. He further […]

todayDecember 8, 2023 8

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Business / Economics

TransUnion report reveals surge in e-commerce fraud during 2023 festive shopping season

TransUnion (NYSE: TRU) released new findings today highlighting e-commerce fraud that occurred during the start of the 2023 holiday shopping season, from the Thursday before Black Friday to Cyber Monday. Based on proprietary insights from TransUnion’s global device risk consortium, the average number of suspected digital fraud attempts on any given day during that holiday period where the consumer was located in Namibia during the transaction, was 87.5% higher than the same period […]

todayDecember 8, 2023 5

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