Tag Archives | Namibia
On 10 February 2017, The South African Revenue Services (“SARS”) issued Binding General Ruling (“BGR”) […]
Mobile technology which allows clients to send cash with their telephones, has transformed business In East Africa and is now spreading to Europe.
The results of an online Africa Geographic Travel Survey released last month show that tourists are squarely in favour of the south and east of the continent.
Calgro M3 Holdings, the listed affordable housing company, anticipates further growth into the African markets after making its first venture beyond South Africa’s borders into Namibia with the Otjomuise project in Windhoek.
The focus of the new law is on preventing fronting. Most emphatically, Gerhard Papenfus, CEO of employer body the National Employers’ Asso¬ciation of SA, says that the new legislation, together with the Employment Equity Act, will make SA the most racially defined nation in the world.
Air Namibia scooped a Feather Award for the best regional airline at OR Tambo International Airport this year. This is a recognition that Airport Company of South Africa (Acsa) gives key players at its airports who consistently go the extra mile in providing passenger service excellence.
Africa Brief: Timing vital for African success, Zambian telecoms, campaign begins in divided Mali and more
Timing is crucial for both companies and investors, seen in a recent report produced by Avior. Wrong execution or timing could damage investor confidence and destroy capital. For instance, Altech operations in Nigeria and Kenya have been generating significant losses until disposal thereof in January 2013. Altech’s net cash resources have dwindled from Rl.6bn to a net debt position of around R800 million over the past four years. The researchers concluded that the best time to buy into a company depended on the differential between growth in South Africa and growth across its borders, as well as the extent of the company’s exposure to the rest of Africa.
Zimbabwe’s state airline has been granted permission to resume flying to Intercontinental destinations. On Friday, Air Zimbabwe announced that the world aviation body had finalized the safety audit on replacement aircraft and new services. The airline was grounded last year because of pilot strikes and debt.
Kenya may face a “spike” in petrol costs and a shortage next month because of a dispute between fuel retailers and the country’s only refinery, the head of a leading fuel and oil retailer, Vivo Energy Kenya, has warned. Ten fuel-marketing companies have refused to adhere to a rule that they purchase 40% of their fuel needs from the 50-year-old refinery, the Oil Industry Supply Co-ordination Committee said in a letter sent to Kenya Petroleum Refineries Limited (KPRL).
In a sense such heat-maps already exist. The best known is probably Transparency International’s Corruption Perception Index. This index indicates the perceived levels of corruption in different countries by way of a deeper shade of red. According to this index, the morally “safest” places when expanding into Africa are Botswana (ranked the 30th least corrupt country out of 176 countries), Namibia (58th), Ghana (64th) and South Africa (69th).
Africa’s brisk economic growth over the past decade has been consumer driven, a much-hyped trend that masks the uncomfortable fact that the continent is still far too reliant on commodities. Sub-Saharan Africa’s growth rate has been second only to Asia’s and cracked along at 5.8 percent last year, if South Africa is excluded, according to a World Bank estimate. About two-thirds of growth in the past decade has been driven by domestic demand, which has been stoked by a number of factors including the continent’s fast-growing and young population.