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Naspers lost more than R100 billion in value on Monday after a report in the Wall Street Journal triggered a large sell-off in the Chinese tech giant Tencent.

Financial services group Old Mutual said Tuesday (15 March), that high infection rates from the second and third wave of Covid-19 continued to impact its business and employees.

The Government Institutions Pension Fund (GIPF) assets surged by N$12.5 billion to N$148 billion in the 10 months to 31 January 2022.

The City of Windhoek (CoW) is seeking to raise at least N$26 million from the newly introduced fire brigade levy which started last month.

Globally the number of ultra-high-net-worth individuals (UHNWIs) increased by more than 9% from 2020 to 2021, adding 52 000 very wealthy people. However, in South Africa the number declined by 7% from 603 to 561 over the same period.

Absa says it is expecting the fifth wave of Covid-19 infections to emerge as soon as next month. New daily Covid-19 infections in South Africa are currently below 1 000 a day, and there have been no new deaths recorded in the official tally in the past two days.

Qatar Airways has officially announced that it will be resuming flights to Windhoek effective June 25, 2022, as part of the airline’s largest-ever African schedule, which will begin on the same date.

Standard Bank Namibia Holdings (SBN) Chief Executive Officer, Mercia Geises has been ranked among top CEOs running multi-million-dollar enterprises in Africa.

President Hage Geingob has challenged his Ministers to fully execute all projects under their portfolios, which are contained in the Fifth National Development Plan  (NDP5) and Harambee Prosperity Plan II (HPPII).

Oryx Properties Limited (Oryx) is now back in the black after it registered a N$31.1 million profit in the half year to 31 December 2021 compared to a loss of N$20.9 million in the previous comparable period due to improved rental income.

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