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Finance

Finance (564)

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We continue with our series on financial worries, their implications on the lives of those that live in their midst and how we can overcome them to live a worry-free financial life. In this edition, we tackle the worries of living paycheck to paycheck, where a person relies on their monthly paychecks to meet their financial obligations, with no savings left over.

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Denille Roostee has been appointed as the new Head of Marketing and a member of the Executive Committee at Momentum Metropolitan Group.

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The Johannesburg Stock Exchange (JSE) has lifted the suspension on the trading of Trustco Group Holdings.

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The Southern African Science Service Centre for Climate Change and Adaptive Land Management (SASSCAL) has launched the SASSCAL 2.0 Research Programme, a five-year programme which will implement 13 approved projects in line with SASSCAL’s five thematic areas of agriculture, water, biodiversity, climate and forestry to the tune of N$170 million (€8.6 million).

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The Government Institutions Pension Fund (GIPF) has revealed that it is holding millions of Namibia dollars in unclaimed pension and death benefits owed to former members.

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The Development Bank of Namibia (DBN) is exploring the possibility of extending its funding for greenhouse projects to households in a bid to ease the financial burden of electricity and bridge the power supply gap.

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As Namibia celebrates 33 years of independence, it is an opportune time to reflect on the journey towards financial independence. While independence brought political freedom, financial independence provides the ability to make choices and live a life free of financial constraints.

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The Namibian government is closely monitoring the membership numbers of the Government Institutions Pension Fund (GIPF) amid concerns that the fund is losing more members than it is gaining due to talks of considering resizing the public service.

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Nedbank Namibia's Managing Director Martha Murorua has urged all players in the Namibian economy to align their efforts with government initiatives to revive the economy. 

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The Bank of Namibia has announced the launch of an automated system that will help the bank to maintain financial stability and identify and mitigate risks proactively.