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Month: October 2012

GIPF sweetener, very sweet

The country’s biggest pension fund has dished out millions in Management Fees to 11 private equity firms despite little investments to show for the exorbitant fees.The Government Institutions Pension Fund (GIPF) announced on...

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NSX appoints new CEO

The Namibian Stock Exchange (NSX) has appointed a new CEO who will take over from the retiring John Mandy.Chairman Sebby Kankondi announced Thursday that the NSX Board has appointed Tiaan Bazuin as Chief Executive Officer with...

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Diamond output jumps

Despite a slow start because of problems surrounding the re-commissioning of the Elizabeth Mine, year to date diamond output has increased significantly.Figures released by the central bank this week show that almost 1.2 million...

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Grove mall project in limbo

Construction of the upmarket billion dollar Grove shopping mall in Klein Kuppe, which was initially scheduled to be completed in the last quarter of this year, is at a standstill.The construction of the Grove mall, touted as the...

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