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New Era Newspaper - 07/06/2017 - Vol22 No209

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14 YOUTH CORNER Wednesday, June 7 2017 | NEW ERA Nam WorldSkills competitors in training Staff Reporter Windhoek The seven Namibian competitors in the upcoming WorldSkills Competition in Abu Dhabi are now undergoing extensive practical training in compliance with international WorldSkills Vocational Education and Training (VET) standards. Each competitor has been assigned a specialised expert in her/his respective field of trade to prepare them for the competition and to ensure that they are on par with international requirements for this competition. Early last month, the experts assigned to train Namibia’s seven Competitors at the 2017 World- Skills Competition actively attended an Access Training session in Windhoek in compliance with international standards. From about 50 skill areas at this year’s competition, Namibia will compete in seven skills areas, namely, bricklaying, carpentry, cooking, electrical installations, joinery, plumbing & heating and wall and floor Tiling. The seven competitors in these skills were selected through the National Skills Competition held at Ramatex in Windhoek last September. The competition will give Namibian competitors, experts (instructors/trainers) and officials the much-needed exposure to world-class competency standards and training practices in the industrial trades and service sectors of the global economy. It will also provide networking and collaborative opportunities with international counterparts. WorldSkills Namibia encourages all Namibian youths, 22-years-old and below, not to miss the next edition to learn more about the competitors and how they can become future participants. Namibia is a member of WorldSkills International (WSI) through the Namibia Training Authority (NTA). WSI is a non-political organisation that promotes skills excellence through the staging of bi-annual international skills competitions and establishing networking and sharing platforms for members to learn from and with each other. The bi-annual competitions also provide a means of exchange and comparison of competency standards in the industrial trades and service sectors of the global economy. Its mission is to promote, through the corporative actions of members, a worldwide awareness of the essential contribution that skills and high standards of competence make to the achievement of economic success and individual achievement. Through competition held biannually, WSI attempts to raise awareness about opportunities that exist in skilled professions and encourage young people to explore such opportunities. The Namibia Training Authority (NTA), through its World- Skills Namibia Secretariat, staged Namibia’s successful, first ever National Skills Competition (NSC) from the 14 to 17 September 2016 at the Ramatex Complex in the capital. The NSC addressed a multitude of objectives, including the negative perception of TVET in Namibia and encouraging more young Namibians to take up technical and vocational career paths. Furthermore, the event provided an opportunity for industry and the business community to share opportunities that are available for the sector and how the sector can maximally contribute to economic development as articulated in the Harambee Prosperity Plan (HPP). Below is the team of competitors to represent Namibia at the 44th WorldSkills Competition (WSC) which will take place in Abu Dhabi, in the United Arab Emirates from 14 – 19 October 2017. Over 70 WorldSkills International member countries are expected to take part in the competition. Name: Kakoro Johannes Date of birth: 02.11.1996 Trade: Cooking Occupation: Competitor Institution: Windhoek VTC Name: Albertina Shitalangaho Date of birth: 06.07.1996 Trade: Plumbing & Heating Occupation: Competitor Institution: Windhoek VTC Name: Kaute Kavezembua Date of birth: 26.10.1995 Trade: Cooking Occupation: Competitor Institution: Nakayale VTC Name: Tjihimise Karaerua Date of birth: 15.03.1996 Trade: Electrical Installations Occupation: Competitor Institution: Nampower T.C. Name: Justina Ashiyana Date of birth: 10.01.1995 Trade: Joinery Occupation: Competitor Institution: Valombola VTC Name: Zanodean Zaal Date of birth: 03.07.1996 Trade: Carpentry Occupation: Competito Institution: Windhoek VTC NOTICE DATE: 08 June 2017 TIME: 08:00 VENUE: Windhoek Country Club Resort & Casino 3 rd ANNUAL GENERAL MEETING PUBLIC ENTERPRISES CHIEF EXECUTIVE OFFICERS’ FORUM NAMCOR National Petroleum Corporation of Namibia Exploring and Fuelling Namibia Name: Sakaria Ndaningina Date of birth: 10.03.1997 Trade: Wall & Floor Tiling Occupation: Competitor Institution: Windhoek VTC

Wednesday, June 7 2017 | NEW ERA Inside BUSINESS: CONSUMER NEWS 15 CANCUN The International Air Transport Association (IATA) announced global passenger traffic data for April 2017 showing that African airlines led all regions in growth with a 17.2 percent traffic increase, the fastest pace in more than five years. This follows a recovery in demand on the key market to Europe. Conditions in the continent’s two largest economies are diverging, however, with business confidence rising in Nigeria, while political uncertainty remains heightened in South Africa. Capacity for African airlines rose just 6.1 percent, with the result that load factor soared 6.9 percentage points to 72.5 percent. IATA’s latest figures also show that global demand (measured in revenue passenger kilometres or RPKs) rose by 10.7 percent compared to April 2016, which was the fastest pace in six years. April capacity (available seat kilometres or ASKs) increased by 7.1 percent, and load factor climbed 2.7 percentage points to 82.0 percent- a record for the month of April. The strong performance is supported by a pick-up in global economic activity and lower airfares. After adjusting for inflation, the price of air travel in the first quarter was around 10 percent lower than in the year-ago period. IATA estimated that falling airfares accounted for around half the demand growth in April. However, the cabin ban on the carriage of large portable electronic devices (PEDs) from 10 Middle Eastern and African airports to the US appears to have weighed down Middle East-North America passenger traffic. “April showed us that demand for air travel remains at very strong levels. Nevertheless there are indications that passengers are avoiding routes where the large PED ban is in place. As the US Department of Homeland Security considers expanding the ban, the need to find alternative measures to keep flying secure is critical. “If the ban were extended to Europe-to-US flights, for example, we estimate a .4 billion hit on productivity. And an IATA-commissioned survey of business travellers indicated that 15 percent would seek to reduce their travel in the face of a ban,” IATA’s Director General and CEO Alexandre de Juniac said. April international passenger demand rose 12.5 percent compared to April 2016, with all regions recording double-digit year-over-year traffic increases for the first time in 12 years. Total capacity climbed 7.7 percent, and load factor climbed 3.5 percentage points to 81.5 percent. Middle Eastern carriers posted a 10.8 percent traffic rise in April. Capacity rose 8.9 percent and load factor climbed 1.3 percentage points to 76.5 percent. However, in contrast to all the other regions, the April growth rate for Middle East airlines was slower than the five-year average growth pace. Moreover, in seasonally adjusted terms, the region’s international traffic has tracked sideways since January. Africa leads growth in air passenger traffic …laptop ban affecting Middle East-US traffic Impact of the large PED ban The route-level data from March (the most recent month available) show that RPKs flown by Middle East airlines to the US fell in year-on-year terms by 2.8 percent for the month. This was the first annual decline recorded for this market in at least seven years. While traffic growth on the market segment was already slowing, the decline is consistent with some disruption from the PED ban that was announced 21 March, as well as a wider impact on inbound travel to the US from the Trump Administration’s proposed travel bans. European carriers saw demand rise 14.4 percent in April, supported by growing momentum in the region’s economy. Comparisons with the year-ago period are distorted partly by the disruption following the series of terrorist attacks last year. That said, the April 2017 results represented the fastest year-overyear growth pace since April 2011, when comparisons were heavily impacted by the Icelandic ash cloud event in 2010 that led to the grounding of thousands of flights in Europe. Excluding this one-off event, April’s growth rate was the fastest in nearly 13 years. Capacity climbed 7.9 percent and load factor soared 4.9 percentage points to 85.4 percent, which was the highest among the regions. Asia- Pacific airlines’ April traffic increased 10.9 percent compared to the year-ago period, a 14-month high. Traffic on Asia-Europe routes continues to recover from the terrorism-related slowdowns last year. Capacity rose 7.6 percent and load factor jumped 2.4 percentage points to 80.3 percent.North American airlines posted a 10.3 percent demand increase compared to April a Money Market Change Latest 3 months 0.00% 7.33% 6 months -0.02% 7.86% 9 months 0.00% 8.01% 12 months 0.00% 8.21% Bonds Change Latest GC17 (R203 : 7.42%) 0.05% 8.09% GC18 (R204 : 7.37%) 0.05% 8.28% GC21 (R208 : 7.53%) 0.06% 8.35% GC24 (R186 : 8.51%) 0.08% 9.73% GC27 (R186 : 8.51%) 0.08% 10.12% GC30 (R2030 : 9.03%) 0.09% 10.70% GC32 (R213 : 9.07%) 0.08% 10.78% GC35 (R209 : 9.35%) 0.08% 10.78% MARKET OVERVIEW Commodities %Change Latest Gold 0.94% $ 1,291.81 Platinum 0.83% $ 961.90 Copper 0.00% $ 5,628.00 Brent Crude -0.72% $ 48.46 Main Indices %Change Latest NSX (Delayed) -1.13% 1028.83 JSE All Share -0.79% 52,453.88 SP500 -0.12% 2,436.10 FTSE 100 -0.23% 7,508.37 Hangseng 0.52% 25,997.14 DAX -0.96% 12,700.17 JSE Sectors %Change Latest Financials -1.90% 14,589.79 Resources 0.79% 30,416.07 Industrials -0.94% 71,935.89 Forex %Change Latest N$/US dollar 1.20% 12.8661 N$/Pound 1.26% 16.6005 N$/Euro 1.29% 14.4840 US dollar/ Euro 0.03% 1.1257 Namibia Monthly Data Latest Previous Namibia Inflation (Apr 17) 6.7 7.1 Bank Prime 10.75 10.75 BoN Repo Rate 7.00 7.00 130 125 120 115 110 105 100 12/31/2013 year ago. This appears to reflect a combination of the comparatively robust economic backdrop and the strength of the US dollar supporting outbound passenger demand. Capacity climbed 5.8 percent, and load factor jumped 3.3 percentage points to 81.8 percent. Latin American airlines experienced a 16.1 percent rise in April demand compared to the same month last year, which was the fastest rate for the region’s carriers since December 2011. Demand conditions within South America are robust, although traffic on the larger North-South America route has trended downwards in seasonally adjusted terms since mid-2015. Capacity rose 8.4 percent and load factor surged 5.5 percentage points to 82.7 percent. Domestic Passenger Markets The investment performance of N0 in the STEFi Index from 31 December 2013 to yesterday 3/31/2014 6/30/2014 9/30/2014 12/31/2014 3/31/2015 6/30/2015 9/30/2015 12/31/2015 Demand for domestic travel climbed 7.7 percent in April compared to April 2016, while capacity increased 6.2 percent, causing load factor to rise 1.2 percentage points to 83.0 percent. All markets reported demand increases with the exception of Australia, which showed a 2.1 percent decline. Russia’s airlines posted the fastest year-on-year growth rate at 16.7 percent. This occurred against an improving economic outlook as oil prices have firmed, and business confidence indicators are quite high by recent historical standards. However, capacity growth mostly kept pace with demand and load factor was nearly flat at 78.7 percent. US domestic traffic climbed 4.7 percent in April, boosted by an uptick in demand over the past few months, alongside indications of strong consumer confidence. The domestic US load factor posted an all-time high for the month of April of 85.6 percent. – IATA 3/31/2016 6/30/2016 9/30/2016 12/31/2016 3/31/2017 6-Jun-17

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