Staff Reporter ALL individual taxpayers will be exempted from paying tax on the first N$100,000 of their income as of 01 March 2024, as the threshold for Income Tax on Individuals will increase from N$50,000 to N$100,000 to provide relief to low-income earners. The announcement was made by Iipumbu Shiimi, the Minister of Finance and...
Governor of the Ohangwena region, Sebastian Ndeitunga, has requested people to stand together in solidarity as they mourn late president Hage Geingob. Ndeitunga was speaking at Eenhana in the Ohangwena region during a candlelight vigil at the town’s sports complex on Wednesday evening. “We have lost an exceptional individual, but we have the opportunity to...
Retirement Fund Solutions, Managing Director, Marthinuz Fabianus comments on the current debate of compulsory preservation of pensions. Observer Money (OM): What is your opinion on this topic? Marthinuz Fabianus (MF): The biggest majority of employees only save for retirement through the contractual employer sponsored pension funds. Membership of an employer’s pension fund is a condition...
Jonas Vingegaard and Tadej Pogacar remain neck-and-neck in the standings after two hard weeks of the Tour de France, but stage 16’s individual time trial on Tuesday could be the moment that decides the title. Defending champion Vingegaard remains 10 seconds ahead of two-time winner Pogacar in what is proving to be another gripping duel...
Staff Reporter HEATHER Mwiza Sibungo, Deputy Minister of Environment and Tourism, said that the exclusive rights granted to conservancies are not extended to benefit individual members of the community but are vested in the conservancies as collective entities. Sibungo made these remarks during the opening ceremony of the joint venture tourism meeting in conservancies held...