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BUSINESSThe City of Windhoek says it could face lawsuits from residents who get injured at Zoo Park because parts of the facility are no longer safe for public use. City chief executive Moses Matyayi says the municipality has assessed the park and identified safety concerns that need attention. “In its…
BUSINESSSankwasa’s purchase of four business plots sparked controversy after a leaked document in August alleged that he plans to buy plots 503, 504, 505, and 506, all measuring 1 133 m², for N$45 000. Sankwasa and Bukalo Village Council chief executive Anna Lyamine-Sazita initially denied claims that he…
BUSINESSNamibia will not take part in the Nordic-African Foreign Ministers’ Meeting in Oslo from 19 to 20 November, the international relations ministry has confirmed. “Minister Selma Ashipala-Musavyi will not be attending the meeting. Namibia is not participating this year,” Ministry of International…
BUSINESSPART 2: Some vehicle-finance structures include a residual value (RV), sometimes called a balloon payment. This means part of the vehicle’s financed amount is left for payment at the end of the agreement rather than being paid through the normal monthly instalments. The guidelines supplied for this…
BUSINESSBusinessmanBen Hauwanga has failed with an attempt to stop a judicial auction resulting from a judgement for payment of N$137 million that a commercial bank obtained against him, his wife and some of his corporate entities. In an order delivered in the Windhoek High Court yesterday, judge Lotta…