Daniel Steinmann

Jul 25, 2024 | economist.com.na | Daniel Steinmann

The Windhoek skyline at the aft end of Independence Avenue will soon see the rise of another major building project in the form of the new headquarters for the Namibia Financial Institutions Supervisory Authority (NAMFISA). The project is estimated to set the clients of non-banking financial institutions back more than N$236 million.

Jun 24, 2024 | economist.com.na | Daniel Steinmann

In a somewhat controversial move, Trustco Group Holdings intends to buy back roughly 13% of its total shares in issue from a single shareholder, and then, wait for it, CANCEL THESE SHARES, to increase net asset value for all other shareholders, including the founding Van Rooyen family.

Jun 6, 2024 | economist.com.na | Daniel Steinmann

The 2024 edition of Who’s Who has just become available and for the first time in 20 years, the front cover does not carry a face or many faces, instead it depicts a dry artery in a dune sea, perhaps the most iconic of images that capture the essence of Namibia. Who’s Who publisher, Thea Visser, says it all when she writes “We invite you to celebrate with us our twentieth year of publication of the Who’s Who Namibia.

May 30, 2024 | economist.com.na | Daniel Steinmann

Agribank has just announced it is launching an in-house life insurance product for its clients to protect clients’ financial assets and estates in the events of death, disability, dread disease or even retrenchment. The policy is underwritten by Momentum Metropolitan Namibian and comes into effect on 01 June 2024. As of 01 July, this policy will be mandatory for all eligible clients.

Jan 16, 2024 | economist.com.na | Daniel Steinmann

Moves are afoot at Trustco Group Holdings to reduce the group’s precipitous gearing, to inject operational cash and to convert existing debt to equity, pending shareholder approval. In a notice published under the Stock Exchange News Service (SENS) on the Johannesburg Securities Exchange on Tuesday 16 January, Trustco warns shareholders to exercise caution when dealing in their shares since current ongoing negotiations may have a material impact on the group’s share price.