Submitted by Sun Reporter2 on Mon, 2013-03-04 08:58
WINDHOEK - DENVER ISAACS
Aiming for an affordable solution to the country’s housing deficit, private company INO Investment
celebrated success last week.
It took a little longer than the 14 day deadline INO Investment gave themselves, but 45 days after digging the first shovel, the company on Friday unveiled its first completed, 64-square meter, brick house pilot in Otjomuise.
Marketing the product as a means to “creating living environments with a sense of community, dignity and pride”, INO Director and investment manager Fillemon Iyambo says their target market is the country’s low income earners. Read more about First ‘Instant-house’ pilot completed
Submitted by Sun Reporter2 on Mon, 2013-03-04 08:10
JOHANNESBURG - NAMPA/SAPA
The recent 81 cents a litre petrol price increase will negatively impact the agriculture sector and could affect food security in the country.
The South African petrol price hike, announced by the energy department last week, is bad news for the agriculture sector, says an agricultural union. The Transvaal Agricultural Union at the weekend added the petrol price hike could affect food security in the country.
Submitted by Sun Reporter2 on Fri, 2013-03-01 08:30
CAPE TOWN - NAMPA/ REUTERS
South Africa’s Finance Minister Pravin Gordhan on Wednesday announced his country’s proposed 2013/14 national budget, characterised by social spending and a reduced growth forecast.
While vowing to keep a lid on overall spending, South Africa’s Finance Minister Pravin Gordhan committed to more social spending for the country’s poorest - many of whom live in shanty townships and are a key support base for President Jacob Zuma, as he gears up for general elections early next year.
“This government will not get to the point where we impose austerity on our people,” Gordhan said, alluding to fiscal tightening measures that have triggered violent protests in European countries such as Greece. Read more about Concern despite tight SA budget
Submitted by Sun Reporter2 on Fri, 2013-03-01 08:15
OSHAKATI - MERJA IILEKA
The Namibia Chamber of Commerce and Industry (NCCI) Northern branch has applauded the recently proposed national budget, which it said would accelerate economic growth and provide hope for the Small Medium Enterprise (SME) sector.
Government is sending a positive signal to the business community, the chamber said, by unveiling a balanced and forward- looking budget, which focuses on the creation of employment and poverty reduction.
It especially credited the State’s emphasis on labourintensive sectors like agriculture, environment and tourism, transport, energy and water.
“SMEs are active in these sectors and this will result in tremendous growth for small and medium enterprises that are engaged in these,” said Tomas Iindji, NCCI Northern Chairman. Read more about NCCI North hails new budget
Submitted by Sun Reporter2 on Thu, 2013-02-28 08:31
WINDHOEK - NAMPA
Deputy Trade and Industry Minister Tjekero Tweya says private equity and venture capital should be the driving forces behind local small and medium enterprises’ (SME) financial solutions in the country.
He made the statement in a speech read on his behalf by the deputy permanent secretary of Trade and Industry, Daniel Nghidinua, during the launch of the ‘Study on Private Equity and Ven-ture Capital for emerging SMEs in Namibia’ yesterday. Read more about VENTURE CAPITAL TARGET SMES