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namib times
SERVING THE COASTAL COMMUNITY SINCE 1958 NO 6964 FRIDAY 13 MAY 2022 Tel: +264 64 - 205854 / +264 64 - 461866 /Fax: +264 64 - 204813 / 064 - 461824 / Website: www.namibtimes.net
TransNamib announces 100% ownership of Swakopmund Hotel
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Sharlien Tjambari
Mayor inaugurates first coastal crematorium
During the official relaunch of the Swakopmund Hotel and Entertainment Centre on Friday, 6 May, the Chief Executive Officer (CEO) of TransNamib Holdings, Johny Smith, said although TransNamib has 100% ownership of the hotel, the company does not intend on keeping the hotel and will eventually sell it. At the relaunch of the hotel, Smith said the hotel had recently found itself virtually insolvent with its liabilities outweighing its assets. Following a protracted legal challenge amongst shareholders, TransNamib was able to, through a Cabinet resolution and commitment, acquire the shares held by Stocks and Stocks to the value of some N$103 000 000.00, making it a full 100% Namibian owned entity. Smith further said, “by virtue of
that, all of us being Namibians, it is a full asset that we can be proud of. So at least when we invest in Swakopmund Hotel then we know that the biggest portion of it will remain and will be added to the economy in the Erongo region.” Smith also announced the new management agreement with Legacy Hospitality Management Proprietary Limited which is valid for an initial period of 10 years subject to stringent performance conditions and indicators. With
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Piquet Jacobs
The Chief Executive Officer of TransNamib Holdings Johny Smith this agreement, the ting Officer, Robert hotel management will Hodson, during the work together to grow time when the hotel business for the hotel, was closed, no emand it will also allow ployees were laid off in the group to bring terms of the hotel. innovation as the hotel Hodson said, they are repositions itself as the currently all back at l e a d i n g a c c o m - work and employed, modation establish- “yes they are still on a ment on the Namibian reduced salary struccoast. ture, but most of the According to Legacy employees are back to Hotel's Chief Opera- full salary.”
The first Namibian privately owned crematorium has officially been inaugurated by the Walvis Bay Mayor, Trevino Forbes on Monday this week.
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Eden Cremation and Funeral Services is the first private, 100% Namibian owned crematorium in Namibia. The crematorium, now operational in Walvis Bay, was established as an alternative to the existing crematorium in Windhoek in order to serve the public with continuous, high-quality service.
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Speaking at the event, Forbes said, “I'm proud to stay we have walked the walk with you since the beginning, and I would like to thank you for bringing your part to make this happen. It's frustrating to see how long good things take to happen, we need to revisit the process it takes for projects like this to happen as it is providing jobs to our community and provides an essential service. We welcome this development to Walvis Bay.”
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Sports News
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