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Rising interest rates are likely to discourage households from borrowing in the short-to-medium term due a challenging environment as expensive living costs combined with tighter monetary policy during 2022 add to budgetary pressures, economic advisory firm Simonis Storm has warned.

One of the challenges that face the public relations profession, is proving the return on investment (ROI) for communications activities in as far as it improves the financial position of a business.

The restart of Langer Heinrich Uranium mine is expected to create more than 300 jobs, The Brief can exclusively reveal.

AfriTin has recorded a strong performance for the financial year ended February 28, which saw the company recording increased production from the Uis mine, in Namibia, and generating its first group-wide profit.

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Old Mutual Short-Term Insurance Company (Namibia) has entered into two settlement agreements with the Namibian Competition Commission (NaCC) and agreed to pay N$6 million after the insurer was found to have contravened the Competition Act in two separate investigations.

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Old Mutual Namibia has appointed Mignon du Preez as the Marketing, Public Affairs and Sustainability Executive as of 1 September 2022.

The Windhoek High Court is expected to make a determination in a case in which United Kingdom-based Menzies Aviation is suing the Namibia Airports Company for awarding a ground handling contract to Paragon and partners.

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Nedbank Namibia’s after-tax profit in the six months ended 30 June 2022, increased by 18.5% to N$118.1 million up from N$99 705 registered in the same period last year.

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Letshego Holdings (Namibia) has recorded a profit after tax of N$168 million for the half year ended 30 June 2022 (1H22), a 5.2% y/y increase from N$159.6 million posted in 1H21.

The Ministry of Agriculture, Water and Land Reform has imposed a country wide suspension of livestock imports, exports of fresh meat and raw animal products from Botswana.