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Super User

The REDs are coming

November 16, 2021

The Electricity Control Board (ECB) says it expects the country’s newest Regional Electricity Distributors (REDs) , SORED to become operational next year, with consultations still on-going regarding the creation of the CENTRAL RED.

The Namibia Airports Company (NAC) says it has commissioned new check-in counters in the expanded Check-in Hall at HKIA while the Arrivals Hall has been fitted with two brand new baggage reclaim carousels, which were installed as part of the N$250 million HKIA Congestion Alleviation project.

Mobile Telecommunications Limited (MTC) is expected to announce the results of its Initial Public Offering (IPO) tomorrow (Wednesday) ahead of the company’s listing on Friday.

Paratus Namibia and Ongos Join have signed a pact to connect over 11,000 new residents in Ongos Valley with fibre.

It’s sad that Distell Group will disappear from the JSE within the next few months following its acquisition by Heineken – not only is another share disappearing from the stock exchange and reducing the investment opportunities, but a piece of SA business history is also fading.

The insurance claims by over 14 000 businesses affected by the July lootings stand at R32 billion, with R12.6 billion paid out so far, the South African Special Risks Insurance Association (Sasria) said on Tuesday.

Heineken NV has made an offer to increase its stake in Namibian Breweries Limited (NBL), as the Dutch brewer seeks to consolidate its footprint in Africa.

Forsys Metals Corp. has announced the appointment of Bacchus Capital Advisers to conduct a strategic review of the company’s 100% owned Norasa Uranium Project located in Namibia.

Deloitte Africa CEO Lwazi Bam will step down after ten years in May 2022. The accounting giant announced on Monday that it has identified Ruwayda Redfearn as the incoming CEO to succeed Bam from 1 June 2022.

Interest rates in South Africa are poised for lift-off, but the South African Reserve Bank (Sarb) is reticent to provide guidance.