TALKING POINTS 100 DAYS IN OFFICE: GOVERNOR OF THE BANK OF NAMIBIA – MR. JOHANNES !GAWAXA
PRESS RELEASE: Thursday, 17 September 2020 Windhoek Good morning, Firstly, I would like to thank you all for joining this media conference, organised to mark the first 100 days in office of the 6th Governor. The platform is created to allow me an opportunity to share the vision for my tenure as Governor of the central […]
DEVELOPMENT BANK SHOWCASES SKILLS-BASED FINANCE FOR YOUNG ARTISAN
MEKEMO TRADING FILLS AUTOMOTIVE ENGINEERING ENTERPRISE GAP Development Bank of Namibia (DBN) has unveiled Mekemo Trading, a mechanical and automotive services provider, as a recipient of skills-based finance for young artisans. The Bank’s skills-based facility for young artisans and professionals is designed to enable aspirant entrepreneurs with professional or artisan qualifications, but with limited or […]
FIRSTRAND NAMIBIA REMAINS STRONG, RESILIENT & WELL-POSITIONED
Oscar Capelao, FirstRand Namibia Chief Financial Officer MEDIA RELEASE: 10 September 2020 FirstRand Namibia Limited today announced its financial results for the year ending 30 June 2020, on the back of one of the greatest health threats of a generation – one that greatly impacts the global economy and all of its citizens. Despite this, […]
OLD MUTUAL LAUNCHES NEW CUSTOMISED INSURANCE PROPOSITION
The evolution of Old Mutual offerings and engagements with customers is centred around targeted solutions where the needs, aspirations and behaviour of customers take centre stage. This is why Old Mutual Namibia launched its new personal cover solution, which allows each customer to build their cover to suit their lifestyle and their budget. This is […]
LET NAMIBIA NOT BECOME A VICTIM OF COVID-19
Pieter van Niekerk Team Namibia Board Chairperson While Namibia can be credited for doing many things right in terms of combating COVID-19, Team Namibia has also highlighted that this crisis provides further opportunity to reset and refocus, relying on the Namibian sense of Community to pull everyone through. This was the sentiment expressed […]
WE ARE IN THE SAME BOAT – OR NOT…
It is probably quite normal to first move into a state of panic when threatening things catch you by surprise. A potential next step, when the dust has settled and we can think more clearly, is to focus on what we can do. Finally, we sometimes find comfort in realising that we are not alone […]
NAVIGATING THESE TRYING TIMES
The world has seen many crises before. While each crisis is different, Ray Dalio (founder of Bridgewater Associates) reminds us that history has a tendency to teach us patterns that we can use as templates to assist us in successfully navigating through the storm. Covid-19 has caught the world by surprise, and although there are […]
EMOTIONAL MARKETS
On 28 May 1962 the Dow Jones average of thirty leading industrial stocks dropped by 34.95 points. At the time this was a drop bigger than on any other day in history, with the exception of the crash on 28 October 1928. On Tuesday 29 May 1962 the market suddenly changed direction with the index […]
DO I BUY OR DO I RENT?
So, you don’t want to pay off someone else’s bond, right? Intuitively this thinking makes sense and it has been the reason for many people wanting to own a property. However, rental expense never goes away, even if you stay in the house you bought. “How can this be?”, you might ask. You first need […]
RUGBY RULES FOR PROTECTING YOUR CAPITAL
Sometimes it helps to start by focusing on what something is not. Leaving your cash under the mattress is one of the surest ways to cause a permanent loss of capital. No, not necessarily due to burglary on your premises, but rather the simple facts of economics. If one works with a long-term average inflation rate […]