Archive
64 Articles found on Friday, 4 June 2010
JPMorgan fined record US$49m
04-06-2010
LONDON – US investment bank JP Morgan Securities Ltd has been fined a record 33,32 million pounds (US$49,12 million) in Britain for failing to protect billions of dollars of client money over almost
readWilderness Safaris in BEE transaction
04-06-2010
A TOTAL of 25 per cent of the shares in The Namib Lodge Company, trading as Wilderness Safaris, are in the hands of Namibians and employees following a black economic empowerment (BEE) deal.The
read‘Banks’ allow members to pay with time, not cash
04-06-2010
ALLENTOWN, Pennsylvania – No money? No problem! Pay with time, instead.Scores of time banks are being started in hard-hit communities around the United States – and thousands of devotees are helping
readLawyer’s ex-cars, boats being auctioned
04-06-2010
FORT LAUDERDALE, Florida – Some of the flashier spoils of disbarred attorney Scott Rothstein, who pleaded guilty to running a massive Ponzi scheme, were sold at an auction in Fort Lauderdale
readGreek corruption inquiry lost in translation
04-06-2010
ATHENS – Scenting a ministerial bribe, a Greek inquiry into a corruption scandal seized on an email that referred to a deposit for a “cabinet man”, only to find that the payment was in fact to a
readEurozone banks park record amount of cash with ECB
04-06-2010
FRANKFURT – Eurozone banks have parked a record amount of cash in the European Central Bank’s overnight deposit facility, figures showed yesterday, underscoring spreading interbank tensions.The total
readUS debt tops US$13 trillion for first time
04-06-2010
WASHINGTON – US debt has reached 13 trillion dollars for the first time in history, the Treasury Department said, stoking a political furor over government spending.Amid vast government outlays
readMTN offers US$8 billion for Djezzy
04-06-2010
BEIRUT - MTN has offered to pay US$7,8 billion for Orascom Telecom’s lucrative Algerian unit Djezzy, Orascom’s chairman said, putting a price to a deal blocked by Algeria.The Egyptian mobile firm said
readWorld trade soars in first quarter
04-06-2010
GENEVA – World merchandise trade soared 25 per cent in year-on-year value over the first three months of 2010, the World Trade Organisation (WTO) said, in another sign of robust recovery from last
read‘Moody’s was a triple-A factory’
04-06-2010
NEW YORK – Credit rating agencies came under fire for their role in the global financial crisis Wednesday, as US investigators grilled senior industry figures, including mega-investor Warren
readWHO says H1N1 flu pandemic continues
04-06-2010
GENEVA – The H1N1 pandemic is not yet over although its most intense activity has passed in many parts of the world, the World Health Organisation said yesterday after a review of the flu outbreak by
readBritain seeks answers after shooting rampage
04-06-2010
WHITEHAVEN - Baffled police were trying yesterday to work out why a quiet taxi driver gunned down 12 people around England’s serene Lake District, as Britain debated how to prevent a repeat of its
readSouth Africa to recall ambassador to Israel
04-06-2010
PRETORIA – South Africa will recall its ambassador to Israel following a deadly attack on a vessel attempting to deliver humanitarian aid to Gaza, Deputy International Relations Minister Ebrahim
readSA to decide on Aristide
04-06-2010
CAPE TOWN – South Africa will take a “subjective decision” on whether conditions in Haiti allow former president Jean Betrand Aristide to return home, the government said yesterday.Spokesman Themba
readHuman Rights Commission nearly ready to find on toilets
04-06-2010
CAPE TOWN –The SA Human Rights Commission was completing its findings on the Khayelitsha toilet controversy following a complaint by the ANC Youth League, SAHRC spokesman Vincent Moaga said
readIn Brief
04-06-2010
Anti-Israel protest in Cape Town CAPE TOWN – About a thousand demonstrators gathered in the Cape Town city centre to protest against Israel’s attack a Gaza bound flotilla carrying aid workers, police
readScientists begin 520-day Mars mission simulation
04-06-2010
MOSCOW – An international team of researchers climbed into a set of windowless steel capsules yesterday to launch a 520-day simulation of a flight to Mars intended to help real space crews of the
readWe Must Own All Our Resources
04-06-2010
ALLOW me to share my views and disappointment in our Government’s poor management of our country’s natural resources.I do not know of any international laws regarding investing in mining by foreign
readKaras Governor Must Help Unite
04-06-2010
I REFER to the article ‘Karas governor dragged into clan strife’ (The Namibian, 28 May 2010). As a young son from the Goliath clan, I am deeply disappointed by the actions of the said governor.
readVictim Status Killing Our Country
04-06-2010
SACKY Shangala is not a businessman. He is merely an individual who has used his public servant position to enrich himself at the expense of the taxpayer. He even admits this by saying how, if he was
readFood Security Set To Decrease
04-06-2010
PRICE increases of staple food for Namibia, especially maize, were announced recently. The agronomic industry is generously protected at the expense of the consumer in that it fixes the price of its
readBIG For The Little Guys
04-06-2010
Allow me space in your highly respected daily, to reflect on recent parliamentary report on NBC TV. I am personally in support of a Basic Social Grant, specifically the N$500 given to our respected
readBlame The Supervisor
04-06-2010
CIVIL servants’ poor performance definitely lies in their weak supervisors, mostly promoted for not having suitably qualified candidates at interviews, so then the next best candidate is appointed.
readBIG Questions About Income Grant
04-06-2010
ALLOW me a small space in your paper to participate in the BIG debate. I have been following this matter since its inception with a keen interest. I must hasten to add that I also do not want to get
readBEE And Black ‘Veneers’
04-06-2010
BEE commission is faced with the gigantic task of improving the livelihood of black people who were excluded from the economy of Namibia in the past. However the danger is that BEE focus has shifted
readThe IMF And Profit Over People
04-06-2010
THE article ‘IMF wants tighter control’ (The Namibian, May 27 2010) should be widely discussed in Namibia. This seems to confirm that the Namibian economy is now being controlled by the International
readCaprivi treason trial must be brought to a close now
04-06-2010
THE Caprivi treason trial has been going on for long enough. It is time to bring this case to a close.When people decide to go against the constitutional order of a democratic state by taking up arms
readPresident Pohamba Is Watching Namibia From The Balcony
04-06-2010
I HAVE just returned from an immersing cultural visit of the old city of Athens, Greece. Nothing appeared to suggest that the city that is the birthplace of democracy and Aristotle’s ground-breaking
readIs Namibia A Failed State?
04-06-2010
When I see another child eating, I watch him, and if he doesn’t give me something I think I’m going to die of hunger. –A ten year-old child in Gabon AFRICA is a continent that reduces a good
readKazenambo right to rebuke ‘struggle kids’
04-06-2010
YOUTH Minister Kazenambo Kazenambo’s reaction to the ambush laid by ‘children of the liberation struggle’ on his office this week was refreshing and honourable with lofty intentions which patriots
readOfaabulika yomamate gomafufu goonzi pOniipa
04-06-2010
PONIIPA mOndonga mOshitopolwa sha Shikoto omwa etwa Ofaabulika yOmamate gongushu haga ningwa momafufu gOonzi yedhina Dorkambo Co-operative Namibia, yi li mewiliko lyomusamane Samwel
readHango i idhipaga ye mwene nondjembo
04-06-2010
OMUPOLISI omugundjuka gwomOmopolisi ya Shakati gwedhina Iipinge Hango gwomomukunda Onanime mUukwambi moshitopolwa sha Shana, okwa mana oondjenda dhe ombaadhilila, sho i iyaha nondjembo ye megumbo
readKaujeua ota fumvikwa pOvitoto
04-06-2010
OMUHIKI gwoongala gwa Namibia simana, Jackson Kaujeua – ngoka a hulitha omasiku ga zi ko, ota ka fumvikwa pOvitoto ngula, oshilyo sho Swapo mOparliamende Peter Katjavivi, osho a tseyitha
readDax ina longa nawa – Ekandjo
04-06-2010
OMINISTA yOmagumbo nOmapangelo gOpaitopolwa, Jerry Ekandjo, okwa dhika oonyala mevi kutya George Dax ita shuninwa oshipundi shUumeya wa Rehoboth shoka a kuthwa.Omasiku ngaka, aayambidhidhi ya Dax oya
readIf South Africa fails, home fans will back Brazil
04-06-2010
JOHANNESBURG – If the Bafana Bafana are eliminated at the World Cup, look for South Africans to turn their support to five-time champion Brazil.A local survey shows that 26 percent of South Africans
readBrazil visit gives Zim chance to celebrate
04-06-2010
Harare – Brazil’s World Cup players gave Zimbabweans a rare chance to celebrate on Wednesday, as fans filled the National Sports Stadium to watch stars like Kaka and Robinho play the African nation in
readSouth Africa unites ahead of World Cup
04-06-2010
RUGBY and the Super 14 champions, the Blue Bulls have acted as an unexpected catalyst in uniting South Africans behind Bafana Bafana and the World Cup finals.That was the view of 2010 Local Organising
readSerena and Djokovic stunned, Nadal goes through to semis
04-06-2010
PARIS – After-shocks rumbled around Roland Garros as Serena Williams became the latest champion to topple but Rafael Nadal proved rock-solid by staying on course to regain his French Open title on
readAthletes with disabilities set for African champs
04-06-2010
FIVE Namibian athletes with disabilities will participate in the African Athletics Championships for People with Disabilities slated for June 13 to 20 this year in Morocco.Speaking to Nampa yesterday,
readClassic Clashes kick off
04-06-2010
FNB Namibia launched the third edition of the popular schools’ Classic Clashes in Windhoek on Monday. The games will be played all over Namibia. The philosophy behind the FNB Classic Clashes is to
readFedics and Blue Boys battle for NPL status
04-06-2010
THE NPL Southern Stream’s Fedics United and Blue Boys lead the national football first divisions’ activity this weekend as scheduled matches make the rounds across the country.Fedics United and Blue
readBrave Warriors supporters could go to WC for free
04-06-2010
MEMBERS of the Brave Warriors Supporters’ Club could go to the 2010 Fifa World Cup for free, it was announced yesterday.Sarfo Abebrese, the founding head of the Coalition of Supporters’ Unions of
readSMSes for Friday 4 June 2010
04-06-2010
* TECHNOLOGY is good. No doubt about that. But it’s no longer a secret that our young ones are misusing it big time at every opportunity they get. This is fuelled by our young, inexperienced,
readUnam slams Polytech over survey findings
04-06-2010
THE University of Namibia student population has come out strongly against the Polytechnic of Namibia because of a survey on the Polytechnic website rating the performances of public institutions in
readSeven villagers in North guilty of looting a car
04-06-2010
SEVEN villagers from Ekolyanaambo village in the Oshana Region have been convicted of theft from a car accident scene in 2006.They were sentenced to fines of N$5 000 each, which was reduced to N$4 000
readPoliceman commits suicide
04-06-2010
A POLICE Constable at Oshakati shot himself with his service pistol after colliding with a security company’s car at Onanime village on the Oshakati-Omungwelume road on Tuesday afternoon.The Oshana
readMPs warn youth against ‘greener pastures’ abroad
04-06-2010
YOUNG Namibians leaving to work in countries such as the US and United Kingdom have been forced into prostitution or working on remote farms, a Swapo MP in the National Council alleged on
readMatricide suspect admits assault
04-06-2010
MURDER suspect Natangwe Ipinge Ngatjizeko, who is accused of killing his mother in her home near the end of 2006, admitted in the High Court in Windhoek yesterday that he was responsible for seriously
readKindness repaid with violence
04-06-2010
A DISPLAY of empathy and a desire to help backfired when a 73-year-old woman was attacked on Monday by a man she had given a job. Although the attack left Jeanette Thompson, a former teacher, with
readGovernment gets serious about human trafficking
04-06-2010
TRAFFICKING of people across the border into South Africa in time for the Fifa World Cup has spurred the Ministry of Gender Equality and Child Welfare to launch an action campaign on the prevention of
readCorruption in mining sector alleged: report
04-06-2010
SOME mining companies have not shied away from using political connections to obtain prospecting or mining licences, or would turn directly to a Cabinet minister because they were frustrated by the
readCop’s culpable homicide trial starts
04-06-2010
THE trial of Sergeant Hendrik Jobs, accused of knocking over and killing a woman, started in the Keetmanshoop Magistrate’s Court this week. Jobs has pleaded not guilty to charges of culpable
readCommunity water management lagging behind
04-06-2010
THE target set by Government to hand over the management of rural water supply to communities by August this year cannot be reached as service delivery has been hampered and water-point committees
readChurch fleeced of half a million
04-06-2010
ANOTHER twist has been added to recent media reports about a church pastor who was conned out of N$500 000 of church money in a Nigerian scam.Pastor Japhet Sem of the Evangelical Lutheran Church in
readChild traffickers hit Namibia: WAD
04-06-2010
CHILD trafficking recruiters have allegedly entered Namibia to lure young girls to South Africa, where they will be forced to become sex workers to meet the expected increase in demand during the Fifa
read‘Struggle kids’ take Minister’s advice
04-06-2010
ONE of the eight young people representing a group of Children of the Liberation Struggle based at Berg Aukas who were reprimanded by the Minister of Youth this week says they will return to the camp
readGladiators match called off
04-06-2010
THE Brave Gladiators will not play their second leg of the African Women Championships against Equatorial Guinea after their match was called off due to unavailability of flights to the West African
readG20 officials see no deal on bank levy
04-06-2010
BUSAN, South Korea – The world’s top nations will back general principles rather than a specific tax to make banks pay for their own bailouts in future, finance ministers and diplomats said
readTurks mourn dead, president warns Israel on ties
04-06-2010
ISTANBUL – Thousands of mourners flocked yesterday to a funeral for Turkish activists killed during an Israeli raid on an aid flotilla, as President Abdullah Gul told an outraged nation that ties with
readHeist kingpin spotted in the North
04-06-2010
BY Wednesday afternoon the alleged mastermind behind Namibia’s largest cash-in-transit heist to date had already travelled at least 800 kilometres.The Namibian understands that Simson Matias (28) was
readShaduka denies murder charge
04-06-2010
“I PLEAD not guilty,” was the response of businessman Lazarus Shaduka in the High Court in Windhoek yesterday when he was asked to plead to a charge in which he is accused of murdering his wife almost
readTruckers in passport drama
04-06-2010
SOUTH Africa’s tightening of its border controls in anticipation of the soccer World Cup on Wednesday resulted in tempers flaring at the Ministry of Home Affairs’ passport-issuing offices in
readNotable Quotes
04-06-2010
Those demonstrating are wrong. – Local Government Minister Jerry Ekandjo has vowed not to give in to demands by axed Rehoboth mayor George Dax’s supporters to reinstate him. Mandela has demanded to
readPolitical Perspective
04-06-2010
NO real surprise that the suggestion to reward the ‘most patriotic journalist in Africa’ came from President Yoweri Museveni, making the keynote speech at the annual CNN/Multichoice Media Awards held
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