Also known as: Standard Bank Namibia · Standard Bank Group · The Standard Bank of Namibia Limited · Standard Bank South Africa · SBSA · Standard Bank SA
Financial services institution operating in Namibia, involved in commercial banking, wage disputes with staff, and several legal disputes over fishing ventures and alleged fraud.
Key points drawn from coverage. Tap a point to see the original sentence.
The Namibian
Standard Bank confirmed that negotiations for the 2026/27 wage cycle had reached a deadlock
“Standard Bank Namibia has confirmed that negotiations for the 2026/27 wage cycle had reached a deadlock, but defended its offer, saying it had negotiated in good faith.”
Standard Bank Namibia workers threaten strike over pay disputeThe Namibian
Standard Bank offered 5% salary increase and N$50 transport allowance increase
“The union is demanding a 7% salary increase and higher transport and rental allowances, while Standard Bank has offered a 5% salary increase and a N$50 increase to the transport allowance.”
Standard Bank Namibia workers threaten strike over pay disputeThe Namibian
Standard Bank is alleged to have allowed unauthorized changes to account signatories and transfers violating escrow agreement
“It further claims Standard Bank allowed changes to account signatories and authorised transfers that violated the escrow agreement.”
Daron defends role in N$40m DRC fishing scandalThe Namibian
Standard Bank Namibia was sued by DRC state social fund over N$40-million transaction
“A Democratic Republic of Congo (DRC) state fund has taken Standard Bank Namibia to court over a N$40-million transaction that allowed a fishing company Swapo owns to misappropriate N$13 million from a protected bank account.”
DRC’s N$40m fishing deal lands Standard Bank in courtThe Namibian
Standard Bank Namibia allegedly allowed account mandate to be changed and funds transferred without consent
“The fund claims Standard Bank allowed the account mandate to be changed, removed its representative as a signatory, and permitted funds to be transferred without its consent.”
DRC’s N$40m fishing deal lands Standard Bank in courtThe Namibian
Standard Bank Namibia appointed Elzita Beukes as executive of marketing and branding from 1 July
“Standard Bank Namibia has appointed Elzita Beukes as its new executive of marketing and branding from 1 July.”
Standard Bank gets new marketing bossInformanté
Hodago failed to honour its debt in the millions to Standard Bank Namibia
“In the meantime, the High Court has also ordered the auctioning of the Venus 1 fishing vessel, which belongs to Hodago, after the company also failed to honour its debt in the millions to Standard Bank Namibia.”
Court orders joinder of SWAPO shareholding companies in fishing dispute matterInformanté
Standard Bank partnered with City of Windhoek through PayPulse platform for cashless bus payments
“THE City of Windhoek has strengthened its cashless municipal bus payment system through a partnership with Standard Bank's PayPulse platform, aimed at making it easier for commuters to register, manage, and top up their travel accounts while improving accessibility across the city's public transport network.”
City of Windhoek expands cashless bus payment system through PayPulse partnershipWindhoek Observer
Standard Bank Namibia secured a loan facility from Hodago Fishing in October 2024
“Court documents seen by the Windhoek Observer indicate that Hodago Fishing secured a loan facility from Standard Bank Namibia in October 2024.”
Hodago’s N$65 million vessel heads to auctionWindhoek Observer
Standard Bank Namibia obtained High Court approval to recover millions of dollars owed by Hodago Fishing
“The auction of the vessel, valued at approximately N$65 million, is scheduled to take place in Walvis Bay on 30 June after the High Court granted an application by Standard Bank Namibia to recover millions of dollars owed by Hodago Fishing.”
Hodago’s N$65 million vessel heads to auctionSouth African entrepreneurs Sbusiso Leope (DJ Sbu) and Sheldon Tatchell are scheduled to headline the sixth Business Summit Namibia in Windhoek on Saturday, which will feature speakers, panel discussions, exhibitions, and networking opportunities for entrepreneurs and business leaders.
10 hours ago · The Namibian →
South African entrepreneurs Sbusiso Leope (DJ Sbu) and Sheldon Tatchell are scheduled to headline the sixth Business Summit Namibia in Windhoek on Saturday, which will feature speakers, panel discussions, exhibitions, and networking opportunities for entrepreneurs and business leaders.
10 hours ago · The Namibian →
Standard Bank Namibia workers are threatening industrial action after wage negotiations collapsed, with the union demanding a 7% salary increase while the bank has offered 5%. The union accuses management of rewarding executives with bonuses while refusing to meaningfully improve staff salaries, despite the bank generating N$1.2 billion in profit.
5 July 2026 · The Namibian →
The prosecutor general has approached the High Court for a preservation of property order to freeze money in a Standard Bank account belonging to alleged drug dealer Edward Kambahe, following an unexplained wealth order granted in February and a police interception of a vehicle carrying 1.912 kilograms of cannabis valued at about N$95,600.
1 July 2026 · The Namibian →
Daron Namibia has rejected allegations that it misappropriated funds from a N$40-million Democratic Republic of Congo fishing venture now in a High Court dispute involving Standard Bank Namibia and Hodago Fishing. Daron says its role was limited to operating and maintaining the fishing vessel, and that it did not receive or control the N$40 million.
30 June 2026 · The Namibian →
The Democratic Republic of Congo's state social fund has taken Standard Bank Namibia to court over a N$40-million transaction involving a fishing company that is partly owned by Swapo, alleging that N$13 million was misappropriated from a protected account after the bank allowed unauthorized changes to account mandates and transfers without consent.
24 June 2026 · The Namibian →
Standard Bank Namibia has appointed Elzita Beukes, its senior public relations manager, as executive of marketing and branding from 1 July. Beukes brings over 15 years' experience in marketing, communications and reputation management across banking, corporate and development sectors.
18 June 2026 · The Namibian →
A High Court judge has ordered the joinder of Kuiseb Fishing and two other respondents in a legal dispute between Delmare Group and Hodago Fishing, in which Delmare seeks to prevent Hodago from transacting in fish worth N$15 million that Delmare claims it paid for upfront. The dispute arises from a June 2025 Supply and Financing Agreement between Delmare and Hodago, co-owned by SWAPO entities and other fishing companies.
16 June 2026 · Informanté →
The City of Windhoek has partnered with Standard Bank's PayPulse platform to enhance its cashless municipal bus payment system, launched in August 2025, allowing commuters to register, manage accounts, and top up funds remotely via mobile phones or at Woermann Brock supermarkets. The system accommodates both smartphone and non-smartphone users.
13 June 2026 · Informanté →
Hodago Fishing, a company 45% owned by Gendev Fishing Resources (which has links to Swapo business interests), faces financial pressure as its flagship freezer trawler, Venus 1, is set for auction in Walvis Bay on 30 June following unpaid debts to Standard Bank Namibia of N$18.4 million and N$17.6 million.
10 June 2026 · Windhoek Observer →
Hadago Fishing's freezer trawler Venus 1 will be auctioned on 30 June 2026 in Walvis Bay after the company failed to repay debts to Standard Bank Namibia and workers' wages. The vessel, valued at N$65 million, is being sold following a High Court order to recover millions owed by the fishing company, which is 45% owned by SWAPO-linked Gendev Fishing Resources.
8 June 2026 · Informanté →
DJ Sbu and Sheldon Tatchell, South African entrepreneurs, will be guest speakers at the 2026 Business Summit Namibia in Windhoek on 25 July. The summit, one of Namibia's leading entrepreneurship and networking platforms, is expected to attract approximately 1,000 attendees.
6 June 2026 · The Namibian →
Namibia's banking sector continues to draw investors, though earnings quality differences among listed banks are now structural rather than cyclical, according to Simonis Storm's Banking Report 2026. FirstRand Namibia is identified as the preferred banking stock, while Standard Bank Namibia received an accumulate rating and Capricorn Group a reduce rating pending improvements in key indicators.
3 June 2026 · Windhoek Observer →
Windhoek's rollout of a cashless parking system requiring KPI-issued or bank cards has caused confusion and frustration among motorists, many of whom lack access to these payment methods. The article argues that rapid digital transitions without adequate consultation disproportionately affect those outside the formal banking system.
31 May 2026 · The Namibian →
A Windhoek High Court judge has authorised the deputy sheriff to sell Hodago Fishing's vessel Venus 1 through public auction after the financially troubled company failed to repay Standard Bank Namibia N$36 million in loan and facility agreements. Gendev Fishing Resources, in which the Swapo-owned company Guinas Investments holds 96.5%, has 45% shareholding in Hodago Fishing.
25 May 2026 · The Namibian →
Standard Bank says fraud affecting its clients is a widespread global issue and that each incident is evaluated individually. The bank states it offers discretionary goodwill payments to support affected customers but says these are not admissions of liability, and that confidentiality clauses in settlements are standard practice to protect privacy and ongoing investigations.
19 May 2026 · The Namibian →
Namibia's four largest commercial banks saw loan impairments surge from N$230 million in June 2015 to a peak of N$1.5 billion in December 2020 before gradually stabilising. Impairments have since eased, declining to N$640 million by 2022 and settling at N$760 million by year-end 2024.
19 May 2026 · Windhoek Observer →
An investigation by IOL has uncovered a pattern of fraud affecting customers in South Africa and Namibia, with combined losses exceeding R3 million. The bank has been accused of blaming clients for unauthorized crimes, conducting opaque investigations, and offering settlements that require victims to accept silence.
17 May 2026 · The Namibian →
Economist Almandro Jansen warns that Namibia's debt situation is becoming a cash-flow and refinancing challenge as government relies on continuous domestic borrowing, with a total financing requirement of approximately N$29.22 billion (10.2% of GDP) for 2026/27, though the country remains capable of funding itself.
15 May 2026 · Informanté →
Namibia Revenue Agency (Namra) has begun moving customs and excise offices to a newly established One-Stop centre on Reger Street in the Southern Industrial area. Currently, only limited services including motor vehicle clearance certificates and booking of physical inspections are available, while payments and other services remain at the Eros Airport office during the transition.
13 May 2026 · The Namibian →
The Chamber of Mines of Namibia has appointed geologist and investment banking professional Fabian Shaanika as Chief Executive Officer, effective 1 May 2026, succeeding retired CEO Veston Malango who led the organization for two decades. Shaanika brings nearly 20 years of mining sector experience across exploration, project development, financing, and production, including recent roles at Kelp Blue and senior positions at Rand Merchant Bank and Standard Bank Namibia.
9 May 2026 · Informanté →
Standard Bank Namibia has appointed Deloitte & Touche Namibia as its independent external auditor, replacing PricewaterhouseCoopers Namibia with effect from 29 April 2026, in compliance with Bank of Namibia's BID-10 regulation requiring external auditor rotation every 10 years.
8 May 2026 · Windhoek Observer →
Mobile Telecommunications Limited is calling on companies and institutions to create more internship opportunities for young Namibians through the Namibia National Internship Programme, which was launched in 2019 to help graduates enter the job market. MTC contributes N$2 million annually to the programme, which placed 332 interns in 2025 across more than 40 fields.
7 May 2026 · Windhoek Observer →
Fabian Shaanika, former managing director of Kelp Blue, has been appointed chief executive officer of the Chamber of Mines of Namibia, effective 1 May 2026. He brings experience from mining and resources roles at Namdeb, Vedanta's Skorpion Zinc Mine, Debmarine Namibia, and Rand Merchant Bank Namibia.
6 May 2026 · Windhoek Observer →
The Chamber of Mines of Namibia has appointed Fabian Shaanika, formerly managing director of kelp farming company Kelp Blue, as its new chief executive effective 1 May. Shaanika, a registered geologist with MBA and experience at Rand Merchant Bank, Standard Bank, Namdeb, Skorpion Zinc Mine and Debmarine Namibia, replaces Veston Malango, who retires after 20 years leading the chamber.
6 May 2026 · The Namibian →
Recent oil and gas discoveries in the Orange Basin, with an over 80% exploration success rate, position Namibia to avoid reliance on imported fuel and build local refining capacity—a lesson highlighted by recent fuel price shocks tied to Middle Eastern conflicts.
5 May 2026 · The Namibian →
The Government Institutions Pension Fund paid its board of trustees chairperson Penda Ithindi N$114,000 for attending three meetings in two months, and Napwu general secretary Petrus Nevonga N$92,163 during the same period, according to payroll records reviewed by The Namibian. The payments have revived concerns that clustered board and sub-committee meetings have become a parallel income stream for trustees already drawing civil service or union salaries.
4 May 2026 · The Namibian →
Anti-migrant marches led by activists Jacinta Ngobese-Zuma and Zandile Ndlovu are staging increasingly bold demonstrations across South African cities with little resistance from authorities. UN Secretary-General António Guterres has condemned the surge in threats and violence as South Africa faces pressure to intervene.
30 April 2026 · The Namibian →
Namibia Special Olympics president Charles Nyambe praised a recent Windhoek marathon that featured 533 athletes with intellectual disabilities competing in 2-kilometre, 5-kilometre, and 10-kilometre races and walks, alongside 1,300 public participants in a 21-kilometre race to raise awareness and funds. Nyambe said the event aimed to break barriers, foster understanding, and dispel myths about intellectual disabilities while highlighting the achievements of participants.
24 April 2026 · The Namibian →
Blue Waters FC will play Unam FC in a 2026 Standard Bank Top 8 Cup quarter-final on 2 or 3 May at Swakopmund, with the Walvis Bay club citing home advantage as motivation. Quarter-final draws also pit FC Ongos against KK Palace, African Stars against Eleven Arrows, and Mighty Gunners against Eeshoke Chula Chula.
23 April 2026 · The Namibian →
Green Metals Refining has appointed seasoned mining and banking executive Fabian Shaanika to the board of its Namibian subsidiary Kudu Chemicals, which is developing a sulphuric acid plant at Walvis Bay for battery-grade manganese chemical production.
19 April 2026 · The Namibian →