Namibian business boosts Sefalana
Friday, July 31, 2015
According to the group’s audited financial results for that period, the Namibian business made a significant contribution of over P800 million to the group’s turnover and P26 million to profit before tax.
This represented 23 percent of the group’s turnover and 14 percent of group profits.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...