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Debt

9 Results / Page 1 of 1

Background

Interview Transcripts

EXCLUSIVE: Unveiling the City of Windhoek Mass Enquiry Protest: Katutura Central Resident’s Committee’s Shaun Gariseb Speaks Out

By Leonard Witbeen In a recent statement, Shaun Gariseb sheds light on the upcoming mass inquiry scheduled for February 7th, 2024, regarding the City of Windhoek's promises of debt relief. The protest arises from concerns raised by numerous pensioners who have been eagerly awaiting the fulfillment of commitments made by the City. Gariseb articulates the pressing questions that the pensioners, along with other residents, intend to pose during the mass […]

todayJanuary 29, 2024 4

Business / Economics

As equity deals continue to decline and volumes dry up worldwide, African startups are increasingly relying on venture debt to stay afloat.

By Conrad Onyango, bird story agency In 2022, when funding from venture capitalists began to dry up in Africa, Treepz, a shared mobility startup, was faced with a difficult decision... throw in the towel or grow the business without new investors. As part of their decision to keep going, they changed their core business model. “Towards the end of 2022, we knew the funding draught would happen in Africa. We […]

todayJanuary 24, 2024 1

Interview Transcripts

Shaun Gariseb Addresses Katima RedForce Protest: A Call for Municipal Accountability

Recently in a development, Shaun Gariseb, a prominent figure in the ongoing Katima RedForce protest, spoke out about the frustrations and concerns gripping the community of Katima Mulilo. Gariseb's remarks shed light on the issues that led to the protest and his stance on the city of Windhoek's role in addressing municipal grievances. Gariseb begins by acknowledging the frustrations visible in Katima Mulilo, emphasizing that the recent unrest didn't come […]

todayJanuary 18, 2024 57

South Africa

ANC debt standoff intensifies

In an update to yesterday’s story: the standoff between the ANC and events company Ezulweni Investments has heightened after they gave the ruling party until Wednesday to pay the R102 million or face liquidation. While Ezulweni's attorney, told News 24 that, should the ruling party fail to do so, they would institute liquidation proceedings, the ANC remains dead set on not repaying the money, pending the outcome of an appeal to […]

todayDecember 5, 2023 2

South Africa

ANC Headquarters raided by Sheriff of the High Court

The ANC’s headquarters in Johannesburg, Luthuli House, is under scrutiny after the sheriff of the High Court conducted a raid following Ezulwini Investments’ move to recover over 100-million-rand owed for 2019 election posters. News24 reports that, while a summons of execution was served, leading to the attachment of the ANC’s bank accounts and assets, the sheriff has not removed physical assets but instead meticulously catalogued items like laptops, couches, and […]

todayDecember 4, 2023

Opinion Pieces

Investing in Your Future – A Holiday Gift to Yourself

The holiday season, with its festive spirit and gift-giving traditions, prompts us to reflect on what truly matters in life. Amidst the joy and merriment, it's worth considering a gift to yourself that transcends the immediate pleasures of the season – the gift of financial security through long-term investments. As we approach the end of the year, there's no better time to contemplate the future and take steps to secure […]

todayNovember 29, 2023 14

Opinion Pieces

Boost your credit score understanding

By Bank Windhoek’s Executive Officer of Credit, Eddie King. By Bank Windhoek’s Executive Officer of Credit, Eddie King. Imagine John, a 35-year-old professional. In his 20s, he juggled multiple credit cards, often reaching their limits and only managing minimum payments. By 30, he faced mounting interest, a declining credit score, and challenges securing a car loan. However, after seeking financial counselling, consolidating his debts and adopting disciplined repayment habits, John's […]

todayOctober 25, 2023

Press Releases

Financial Easter eggs hiding in your budget basket

Easter is an excellent time to evaluate your spending and look for hidden financial "eggs" in your basket. Check out the following financial Easter eggs:  Review your unused monthly subscriptions, such as streaming services or miscellaneous spending on game add ons, online shopping and retail credit accounts. Are you using them all? If not, you might want to cancel the ones you do not need or attract unnecessary interest in […]

todayApril 3, 2023 1

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