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  • Egypt knocks SA from top investment spot in Africa

    September 18, 2017 6:00 PM 165

    Cape Town - Egypt has knocked South Africa from its long-standing top spot regarding investments in Africa, according to Rand Merchant Bank’s latest Where to Invest in Africa report for 2018, released on Monday. This is the first time SA has not been in top spot since the report was initiated seven years ago. Nigeria, on the other hand, has for the first

  • Team Namibia runs with vigour, starts new training programme for Katutura SMEs

    September 18, 2017 1:00 PM 169

    Twenty five SME owners from Windhoek’s Katutura suburbs completed their first module in business training during the first week of September as part of a five-module programme offered by Team Namibia, supported by the Embassy of Finland. Team Namibia’s new account director, Bärber Kirchner said their focus is on supporting the development of entrepreneurship

  • Pick n Pay gambles with Bitcoin

    September 18, 2017 9:48 AM 151

    Although Bitcoin is facing severe pressure, local grocery retailer Pick n Pay has moved to accept payment using the cryptocurrency at one of its Cape Town stores. In a statement issued yesterday, local payments technology company Electrum said in what is potentially a world first for a major grocery retailer, Electrum has enabled Pick n Pay to accept

  • Namibia weary of Bitcoin but acknowledges Blockchain

    September 18, 2017 8:21 AM 172

    The Bank of Namibia does not consider cryptocurrencies like Bitcoin as legal tender – although it recognises the underlying Blockchain technology as innovative. This is according to a position paper released by the Bank, introduced as Blockchain continues to gain traction across the Nigeria and South Africa markets. Namibia's apex bank distinguishes

  • Diamond miners encouraged by new sources of high-end stones

    September 17, 2017 2:32 PM 222

    Drought of large diamonds ends in Lesotho, as Canadian firms ponders developing fancy yellow mines, and Namibia’s offshore searches now paying off For years Letseng was the only mine in the tiny southern African kingdom of Lesotho, where yield is low but stones are large and of incredible quality. Due to the tough terrain – the whole country is above

  • Curro's STADIO heading to JSE

    September 15, 2017 5:22 PM 142

    Cape Town - Curro announced on Friday that the board of has resolved to unbundle 410 561 153 ordinary shares in STADIO to Curro shareholders. The JSE has granted STADIO a listing by way of introduction of all its issued ordinary shares on the main board of the JSE with effect from the commencement of trade on Tuesday, 3 October 2017. STADIO will be listed

  • Windhoek Beer appoints Techsys Digital

    September 15, 2017 8:31 AM 154

    After a recent pitch process, Techsys Digital was chosen as Windhoek Beer's new digital partner. Techsys Digital has worked with Windhoek Beer on a number of digital campaigns over the last five years. The new partnership is a decision that aims to ensure ongoing innovation and strong brand growth through digital. Andrew Walmsley, founder and managing

  • SAA to cut fleet in bid to return to profitability

    September 13, 2017 9:13 AM 144

    The airline runs one of Africa’s biggest fleets but is loss-making. CAPE TOWN - South Africa’s struggling national airline SAA said on Wednesday five narrow-body aircraft would be retired from its fleet by December, causing an overall flights reduction of 23%, in a bid to return to profitability. “One narrow-body aircraft has left the fleet, with four more expected

  • CRAN warns IT vendors to ensure Type Approval is in place to avoid import difficulties

    September 12, 2017 4:05 PM 156

    Despite several vendors of IT and telecommunication equipment, lodging complaints against the Type Approval process, the Communications Regulatory Authority of Namibia (CRAN) yet again informed importers, vendors, patent owners and equipment manufacturers of telecommunication equipment to obtain a Type Approval Certificate before their goods to be allowed

  • Publish mines tariffs, ZCM challenged

    September 11, 2017 10:56 PM 143

    In a press response last week, Forum chairperson Johnstone Chikwanda said this is because some mining companies are resisting paying the new charges alleging they have not been benefitting from electricity subsidies. Last month, Government revised electricity tariffs and mining companies are now to pay 9.3 cents per kilowatt hour electricity tariffs