NWR board, senior management cut salaries

21 September 2020 | Tourism

For the past six months, all tourism companies have been severely affected by Covid-19.
Namibia Wildlife Resorts Limited (NWR) being one of the dominate players was not spared from the impacts of the pandemic. With the negative effect on the operations of the business, NWR has had to pursue extensive cost-cutting and revenue-enhancing measures that enabled it to continue as a going concern.
“Whilst we aggressively cut-costs and continue to do so, we are not making any significant revenue at the moment,” says Mufaro Nesongano, NWR Corporate Communications, Online Media and Sponsorships Manager. “With Covid-19 being a part of us for the foreseeable future, our board, managing director and senior management, with an E-Patterson grading, took a decision earlier this month to cut their salaries by 25%, effective from September 2020.”
It must be noted that this is not a populist decision but a deep-seated desire from the NWR board and senior management team to ensure the company’s longevity and survival. “It is no secret that we play a vital role within the tourism sector as well as the Namibian economy. Thus, this decision is aimed at providing the company with further savings as we continue in uncharted waters,” says NWR managing director Dr Matthias Ngwangwama.

Similar News

 

Park fees increase

1 week ago - 09 April 2021 | Tourism

The Ministry of Environment, Forestry and Tourism has introduced new park entrance and conservation fees for visitors, effective 1 April 2021.In a media statement, the...

/Ai-/Ais to reopen later

1 week ago - 07 April 2021 | Tourism

Following flash floods earlier this year, Namibia Wildlife Resorts Limited (NWR) closed its /Ai-/Ais Hot Springs and Spa.The flooding resulted in the rivers along the...

NAC in the black – Jooste

3 weeks ago - 28 March 2021 | Tourism

Despite the bleak global economy and low air traffic, Public Enterprises Minister Leon Jooste gave the assurance that the Namibia Airports Company (NAC) is financially...

Increased focus on customers

3 weeks ago - 28 March 2021 | Tourism

Just over a year ago, the world was confronted by the devastating impact of Covid-19. During this period, the tourism sector was one of the...

Mudflinging in the tourism industry

1 month - 17 March 2021 | Tourism

Swakopmund • Erwin LeuschnerAt the centre of a dispute in the tourism industry is Nrupesh Soni, who has made several allegations against many local tourism...

Take a (weekday) break

1 month - 03 March 2021 | Tourism

Namibia Wildlife Resorts (NWR) announced that it will be running its 70% Independence discount during weekdays in March 2021 in commemoration of Namibia's 31st Independence...

One stop travel shop

1 month - 02 March 2021 | Tourism

Gondwana Collection Namibia is using the quiet period in tourism to reinvent itself.As from 1 March 2021, the Gondwana Travel Centre in Windhoek is acting...

Restructuring recommended

2 months ago - 17 February 2021 | Tourism

Windhoek • [email protected] the end of last year, the independent analyst Rainer Ritter prepared a report as part of an investigation by the Ministry of...

‘Domestic tourism only option’ – LTIL

4 months ago - 07 December 2020 | Tourism

The Local Tourism Is Lekker (LTIL) Expo and Networking Event took place at Droombos on the outskirts of the capital last week, offering more than...

New look for NWR’s website

4 months ago - 04 December 2020 | Tourism

If anything, 2020 demonstrated the importance of an online presence, allowing for seamless and faster communication between organisations and clients.In light of this, Namibia Wildlife...

Latest News

Covid testing capacity increased again

8 hours ago | Health

Together with the University of Namibia and in addition to the initial machine availed at the launch of the lab in August last year, Debmarine...

Revival, Kudos continue their dominance

8 hours ago | Sports

The Central Volleyball Association (CVA) continued with its league games at the University of Namibia (Unam) and the Patrick Iyambo Police College on Saturday.During the...

NGOs plan the way forward

9 hours ago | Society

In partnership with the Bank Windhoek Social Investment Fund and the Lithon Foundation, the Capricorn Foundation recently hosted an online capacity building workshop for NGOs...

Big cheque for DTS Futsal...

10 hours ago | Sports

After the success of the 2020 Nedbank DTS Futsal Tournament, Nedbank has again sponsored N$100 000 towards the DTS Futsal Development Team this year. The...

Family crushed by court ruling...

22 hours ago | Justice

Windhoek • [email protected] what has been described as a judicial cop out, a Namibian High Court judge on Monday refused to set aside the Ministry...

Ignore the myths and get...

1 day - 18 April 2021 | Health

Deputy Minister of Health and Social Services, Esther Muinjangue, said Namibians should ignore myths around Covid-19 vaccines and get vaccinated. She said this on Friday...

Educate children on their rights...

1 day - 18 April 2021 | Crime

Children’s advocate Ingrid Husselmann said having a good legal framework for child protection is not enough in Namibia and more needs to be done to...

Post-budget event unpacks Namibia's fiscal...

1 day - 18 April 2021 | Business

RMB Namibia held a post-budget event with clients in Windhoek and Swakopmund under the theme 'Unpacking Namibia’s fiscal sustainability trajectory.'Ruusa Nandago, FirstRand Namibia Economist talked...

Women seen in house buying...

1 day - 18 April 2021 | Business

The FNB House Price Index posted an annual growth of 3.5% year on year at the end of 2020 compared to -4.7% y/y recorded over...

Load More