16 Inside BUSINESS Wednesday, October 4 2017 | NEW ERA Regulatory board to fast-track probe into KPMG’s work for Gupta family CAPE TOWN The Independent Regulatory Board of Auditors (in South Africa) yesterday said it has met KPMG international chairman Bill Thomas and urged him to ensure full cooperation with its investigation into work family’s business empire. IRBA CEO, Bernard Agulhas, said since that meeting last week, which also included KPMG SA CEO Nhlamu Dlomu, the board has seen better cooperation with the probe and plans to fast-track it. “Since our meeting with them at international levels, their attitude has improved,” Agulhas told He had told the committee that KPMG had initially “not cooperated fully”, despite assurances that it would do so, after questions arose in June over its handling of the accounts of the Gupta family. The family of Indian extraction is at the centre of a storm over the alleged manipulation of public connected people and KPMG is accused of helping them secure contracts with the government worth billions of rand. Agulhas confirmed that the IRBA probe is at this point focused on KPMG’s role in the auditing of Linkway Trading, a company that belongs to the Gupta family, and was allegedly involved in the diversion of public funds invested into the Vrede dairy farm in the Free State to the United Arab Emirates. It also includes the fact that KPMG executives attended a Gupta family wedding at Sun City in 2014. It is alleged that funds funnelled to the UAE were used to pay for the lavish wedding. Agulhas told MPs the IRBA investigation could be expanded to include the KPMG report on the socalled rogue intelligence unit set up within the South African Revenue Service on the watch of former The report was commissioned by SARS commissioner Tom Moyane, and has been used as the basis for attempts to lay criminal charges against Gordhan. Agulhas said though this was a forensic report, the board has established that a registered auditor penned it, and therefore it was within IRBA’s mandate to investigate it. He said the average length of an IRBA investigation was about 18 months but the board would seek to expedite the KPMG probe because it was a matter of public interest. He expressed frustration, echoed by MPs, that the highest sanctions the board could impose on errant of up to R250 000 per charge and urged the committee to support legislation that would provide for Committee chairman Yunus Carrim said the measure would have his full backing, but cautioned that if new penalties were introduced these could not be made to apply retroactively to an investigation currently underway. He said those found guilty should be referred to the police and the National Prosecuting Authority. The finance spokesman for the Democratic Alliance, David Maynier, said he has written to Agulhas urging him to extend the investigation to cover the SARS intelligence unit report. - Nampa/ANA JOHANNESBURG The National Union of Mineworkers (NUM) on Monday succeeded in signing a three-year wage agreement with Petra Diamonds at the Cullinan Diamond Mine, Finsch Diamond Mine Kimberley Ekapa Mining Joint-Venture operations in South Africa. This comes after a week-long VACANCY PUBLIC NOTICE Namibia Tourism Board Namibia Tourism Board is established by Act of Parliament known as Namibia Tourism Board Act 21 of 2000. One of its functions is the registration of all tourism related businesses. If you provide accommodation to paying guests, your accommodation establishment must be registered with NTB We, therefore, request all those providing accommodation to paying guests to register their businesses on or before 31st December 2017. Failure to register within the given time will result in criminal proceedings being instituted against the operator of such an accommodation facility. This request also includes those people who are Airbnb subscribers. If you have information about your neighbours offering accommodation either via Airbnb as Bed and Breakfast or Guest house, kindly provide us with the details by calling 061 290 6078, 061 290 6041 or send an email to firstname.lastname@example.org Bachelor’s Degree in Business Administration or Business Leadership or Tourism and Hospitality Management The above qualication should be coupled with at least 8 year’s strategic executive experience Executive experience within the tourism & hospitality industry will be an added advantage SA mineworkers union in 3-year deal with diamond producers strike after the union withdrew the labour of all its members working in Mine, in the diamond-rich province of Northern Cape. NUM was demanding a 10 percent wage increase across the board for three years, a housing subsidy and living out allowance of R1 500 to be paid every month for three years. The union was also demanding that an increase of R1 000 be paid to all employees who are part of the in-house medical aid scheme and 100 percent medical aid subsidy to employees who do not belong to the in-house medical aid scheme. The three-year wage agreement with Petra Diamond provides for annual increases to NUM members in the region of nine percent to 10 percent for year one, and 8.5 percent for years two and three. It is effective from 1 July 2017 and will remain in force until 30 June 2020. The parties agreed to basic salaries with a living out allowance of R1 200 for year one, R1 350 for year two, and R1 500 for year three. A home ownership scheme subsidy will begin from R1,300 this year and accumulate to R1 500 in year three. The parties agreed to an ex-gratia equal to 50 percent of one month’s Diamond Mine, and 70 percent of one’s individual basic salary at Kimberley Ekapa Mining, Finsch Diamond Mine, and Cullinan Diamond Mine. WINDHOEK CITY POLICE SERVICE THEFT FROM MOTOR VEHICLE SAFETY TIPS Have you lost a car part and just don’t know how? We know how. Theft from motor vehicle is real and is happening. Be alert and consider the following precautionary measures in order to avoid becoming a victim. WELD ROLL BAR ON YOUR VEHICLE WHERE POSSIBLE INSTALL TOW BAR PADLOCK INSTALL LOCK NUTS / WHEEL LOCKS The parties also agreed that with effect from 1 July 2017, maternity leave would be increased to three months with two months on full salary and one month unpaid. NUM members would also have their leave days increased to 21 days working days per annum for Kimberley Ekapa Mining JV and “The NUM wishes to express its sincere gratitude to its members at Petra Diamonds for the manner in which they behaved during the negotiation period until they gave us the mandate to sign this substantive agreement,” said William Mabapa, NUM chief negotiator at Petra Diamonds. “Our members are excited and they gave us the mandate to sign this agreement.” – Nampa/ANA DON’T LEAVE VALUABLES INSIDE THE VEHICLE Important information to consider as a vehicle owner in order to eliminate opportunities of theft from motor vehicle: Criminal will often target vehicles that are parked in streets Park in well-lit areas and avoid parking in secluded, poorly lit areas. Always double check if your vehicle is indeed locked when using a remote Consider installation of an alarm system. Install lock nuts/ wheel locks Weld your accessories such as bull bar, notch bar and roll bar on to your vehicle (Especially pickup vehicles) DON’T RISK IT, PROTECT YOUR PROPERTY. Proudly sponsored by: WELD BULLBAR ON YOUR VEHICLES WHERE POSSIBLE www.namibiatourism.com.na “We Serve With Pride” To contact City Police: Call Centre: 290 2239 Tollfree Number: 302 302 SMS: 4444
Wednesday, October 4 2017 | NEW ERA ADVERTORIAL 17 SOCIAL SECURITY COMMISSION Call DEVELOPMENT for 2018 FUND Applications (SSC-DF) SSC-DF BURSARIES AND STUDY LOANS The SSC-DF provides bursaries and study loans to academically deserving Namibians from socio-economically disadvantaged backgrounds who are unemployed to study fulltime in the SADC region, whose parents’ combined income is below N0,000 per annum. Bursary Applicants: Some of the documents to accompany Bursary & Study Loans application forms: Eligibility: BURSARIES AND STUDY LOANS OFFER The SSC-DF provides bursaries and study loans to academically deserving Namibians from socio-economically disadvantaged backgrounds who are unemployed to study fulltime in the SADC region, whose parents’ combined income is below N0,000 per annum. Bursary Applicants: Some of the documents to accompany Bursary & Study Eligibility: to. Loans application forms: a) A fully and legibly completed Form 10 (Bursary Application Form) or Form 9 i. We consider students without prior qualifications who want to attain their first (Study Loans Application Form). Fields Diploma of study: or a first Degree on a fulltime basis at any recognized institution of higher b) Proof such of status. application/admission. education. ii. Namibians from all regions and all ethnic groups with a Grade c) A motivation letter from a community leader (or church or social worker) in support 12 or equivalent of the applicant’s economic and/or social background. qualification. pensioners. d) A police declaration made by the person who will take the responsibility to repay iii. Aggregate of 70% in August 2017 exams or at least 27 points in Grade 12 final the loan, should the applicant be unable to. exams. Tertiary students must have an aggregate of at least 65% except the Study Loan Applicants: e) Certified copy of Namibia Identity Document. marginalized groups who are expected to meet admission requirements of the f) Students living with a disability must provide certified proof of such status. institutions of higher learning. NB: Do not apply for a bursary and a study loan at the same g) Declarations from the police by parents who are unemployed or pensioners. Eligibility: h) time. Certified Choose proof only of parent(s) one. income if (self) employed. Fields of study: Social Work, Agriculture, Medical related fields, Engineering and Artisan related fields (N1 to N6). Download or request our brochure for more information before you submit your application. NB: Do not apply for a bursary and a study loan at the same time. Choose only one. APPLY online at Download or request our brochure for more information before you submit your Study Loan Applicants: application. Eligibility: Closing date: 15h00 on Friday, 20 October 2017. i. We consider students with undergraduate qualifications who want to pursue postgraduate qualifications on a full time basis at any recognized institution of Fields of study: higher education. ii. Tertiary students must have an aggregate of at least 65% except the marginalized groups who are expected to meet admission requirements of the institutions of higher learning and or they must have 27 points in grade 12 final exams. iii. The loan ceiling is N0,000. Undergraduate Fields of study: and Post Graduate level: Postgraduate Certificates, Postgraduates Diplomas, Master's and Doctoral Degree in in Agriculture, Medical related fields, Social Work, Engineering, Artisan related fields (including Manufacturing). Undergraduate and Post Graduate level: Education, Tourism & Hospitality, Monitoring & Evaluation, Fisheries and Marine Resources & Actuarial Studies/Sciences. APPLY online at www.ssc.org.na or collect/download new Forms of 2018 and apply manually. SUBMIT Closing date: 15h00 on Friday, 20 October 2017. SUBMIT Sealed envelopes clearly marked “SSC-DF Bursaries & Study Loans” at address below: Manager: Development Fund Private Bag 13223, Windhoek, NAMIBIA Cnr. Andrew Kloppers & J. Haupt Street, Khomasdal OR OR At any SSC offices countrywide or emailed to email@example.com. Vision: To be the preferred provider of comprehensive social protection in Namibia. Mission: To improve the welfare of our members and beneficiaries by providing comprehensive social protection. Ms. Lorraine Nganate Training and Study Support Officer: Development Fund Tel: (+264 61) 280 7263,Fax: (+264 61) 250 057 E-mail: firstname.lastname@example.org or Lorraine.Nganate@ssc.org.na Cnr. A. Kloppers & J. Haupt Street, Khomasdal Mr. Alfrenzo Haragaeb Scheme Support Officer: Development Fund Tel: (+264 61) 280 7112 Fax: (+264 61) 250 057 E-mail: email@example.com or Alfrenzo.Haragaeb@ssc.org.na Cnr. A. Kloppers & J. Haupt Street, Khomasdal Your future, our mission.