insert_link Business / Economics Food and Allied Workers Union Accuses Kavango Supermarket of Labour Act Violations Jacob Penda, the general secretary of the Namibia Food and Allied Workers Union, has accused the management of Kavango Supermarket and Bottlestore (Kavango OK Foods) of violating the Labour Act. Penda condemned the recent suspension of 103 workers, stating that the management intimidated employees who had participated in a legal strike earlier this year. The suspensions were reportedly linked to their involvement in an unprotected strike. today3 October, 2024
insert_link Business / Economics 5 August 2024 Morning Biz News: July Retail Basket Costs Drop, Rand Strengthens, and Markets React to Economic Uncertainty In July, OK Foods saw a notable decrease in basket costs, dropping by 9.9%, as reported by The Brief. Conversely, Choppies experienced a rise of 4.7% in basket costs. Other major retailers also reported price reductions, with Spar offering the lowest price for Top Score 5kg. Among hypermarkets, Woermann Brock emerged as the most affordable, while Metro saw the highest increase in basket costs. On Friday, the South African […] today5 August, 2024
insert_link Business / Economics 27 June-4 July 2024 Weekly Economics Wrap In this week's economic highlights, several key developments have shaped the financial landscape across Southern Africa and beyond. Namibia OK Foods reported the largest overall year-on-year decrease in basket cost among the seven stores surveyed by The Brief. The basket cost close to N$1100 in June last year, compared to N$984.11 this past June, marking a significant drop of 11.65%. In a move that could bolster regional fuel supply chains, […] today4 July, 2024
insert_link Business / Economics 1st July 2024 Morning Biz News: OK Foods Cuts Costs, Rand Rallies, Oil Prices Rise, and Euro Gains Amid Political Shifts OK Foods Leads with Significant Basket Cost Reduction OK Foods has demonstrated remarkable cost management, recording the largest year-on-year decrease in basket cost among the seven stores surveyed by The Brief. The basket cost, which was close to N$1100 in June last year, has dropped by 11.65% to N$984.11 this past June. This reduction highlights OK Foods' commitment to providing value to its customers amidst challenging economic conditions. South African […] today1 July, 2024
Namibia OK Foods Strike Ends with Salary Increase Agreement After a strike that began on May 13, due to dissatisfaction over low wages, over 100 employees of OK Foods in Rundu and workers in Nkurenkuru are set to return to work. Namibia Food and Allied Workers Union representative, Paulus Mushongo, confirmed a settlement agreement had been reached, including a salary increase of N$300 and an additional N$90 for transport allowance. Negotiations had stalled over OK Foods' initial offer of […] today24 May, 2024
