Regulatory Alerts2011-03-30
Removal of Post Office Savings Bank from Section 2(2) of the Banking Institutions Act
The Ministry of Finance, following the Bank of Namibia’s recommendation, removes the Post Office Savings Bank from Section 2(2) of the Banking Institutions Act, 1998. Concurrently, the Ministry of Regional and Local Government approves Kasote Extensions 1 through 3 as townships with specific land-use conditions, while the Ministry of Trade and Industry enforces new company registration forms and fee structures for SMEs and close corporations. Additional regulatory actions include the permanent closure of a Katutura parcel as public open space, the implementation of Karasburg’s 2010/11 electricity tariffs, and the submission of three Swakopmund town planning schemes for ministerial approval.
Share