馃嚦馃嚘NamibiaSouthern Africa
FNB Namibia Eagles face Cricket World Cup qualification challenge after Scotland defeat
via The Namibian5 min read
The FNB Namibia Eagles are currently in fifth place in the Cricket World Cup Division 2 standings after a seven-wicket loss to Scotland. This defeat, coupled with only one win in their Tri-Nations series against Oman, has left them trailing the top four teams. The United States leads the log with 36 points, followed by Scotland with 34, Oman with 29, and the Netherlands with 28. Namibia has 22 points from 28 matches. The top four nations will advance to the final qualifier for next year鈥檚 World Cup, which Namibia will co-host with South Africa and Zimbabwe. In the recent match, Brendon McMullen was instrumental for Scotland, taking three wickets and scoring a century. Namibia, after electing to bat, was all out for 198, with Louren Steenkamp scoring 67 and JJ Smit adding 43. Scotland successfully chased the target with 12 overs to spare, despite early wickets from Ruben Trumpelmann.
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This summary was AI-generated from a story originally published by The Namibian.
Must ReadThe Namibia Financial Institutions Supervisory Authority Namfisa is investigating Wealth Management Solutions WMS, a financial advisory firm owned by Hanjo Schlabitz, following reports of at least N$250 million in client losses. The Namibian reported that WMS owes this amount primarily to pensioners and families. While 87 individuals and two organizations have come forward as creditors, the liquidator estimates total losses could reach N$350 million. Investors claim Schlabitz promised annual returns of around 7% in money market funds and up to 20% on foreign exchange investments. The foreign exchange investments have reportedly disappeared, and Schlabitz admitted to using money market funds to repay foreign exchange investors. Namfisa spokesperson Victoria Raimond confirmed the ongoing investigation but declined to comment on specific supervisory or enforcement actions. WMS and Schlabitz maintain active registrations with Namfisa, with WMS registered in 2007 as a long-term insurance broker firm and Schlabitz in 2015 as a long-term insurance broker. Since the Financial Institutions and Markets Act 2021 came into force, brokers like Schlabitz are categorized as financial intermediaries, who manage policies for clients and are required to keep up-to-date financial records but not necessarily have auditors. Independent Patriots for Change shadow finance minister Michael Mwashindange suggested that if client funds were diverted between investment products, it would raise questions
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