11 months ago

New Era Newspaper - 14/06/2017 - Vol22 No214

  • Text
  • Namibia
  • Windhoek
  • Programme
  • Namibian
  • Toivo
  • Ministry
  • Various
  • African
  • Environmental
  • Ondangwa

New Era Newspaper - 14/06/2017 - Vol22

Vol. 22 No. 214 Windhoek, Windhoek, Namibia Namibia Wednesday, June 14 14 2017 Inside Today Unemployment a ticking time bomb – Namwandi International University of Management (IUM) founder Dr David Namwandi has described the level of unemployment in the country as a time bomb, saying Africa and Namibia in particular were endowed with enormous resources, enough to feed its inhabitants and export the surplus to strengthen the local economy. Page 3 New minimum wage for security guards not yet extended to entire industry The collective agreement entered into between the Security Association of Namibia (SAN) and affiliated employers, which stipulates a minimum wage for security guards of N.75 per hour as of January 1, is only applicable to members of the association until such time it is extended to the entire industry, as per a notice in the Government Gazette. Page 9 We don’t have money, I mean it – Tjongarero With the growing public outcry over the Namibia Football Association (NFA) and government’s decision to withdraw the country’s under-17 football team from this year’s Cosafa Under-17 Cup due to persisting financial constraints, Deputy Minister of Sport, Youth and National Service Agnes Tjongarero yesterday maintained the situation is serious and there is nothing they can do to salvage it. Page 24 SME Bank makes first repayment to SSC Desie Heita Windhoek SME Bank yesterday paid N million over to the Social Security Commission (SSC) as part of the investment agreement involving the N0 million invested by the commission at the embattled bank. New Era understands the N million is the first instalment due to SSC as part of the multi-million dollar investments the company made at the bank. The first portion of the investment was set for maturity on June Presidency confirms Ya Toivo’s national hero status Alvine Kapitako Windhoek President Hage Geingob yesterday formally conferred the honour of national hero status upon the late Herman Andimba Toivo ya Toivo and has directed a state funeral be held for the former Robben Island prisoner. Ya Toivo, who held ministerial portfolios of mines and energy, labour and prisons between 1990 and 2006, died on Friday in Windhoek. “As is customary with 13, and SME Bank has promptly paid the money – and documents availed to New Era confirms SME Bank communicated as such in writing to SSC. SSC is tasked to administer the provision of social safety nets for employees in the country such as work injury benefits, maternity and death benefits. The payment comes as the acting SME Bank chief executive officer and the interim board fight to restore what is left of the bank’s reputation, following the discovery of questionable investments in little-known South African entities. this announcement the remains of Ya Toivo will be interred at Heroes Acre and it is directed that all flags in Namibia be flown at half-mast with effect from Wednesday, June 21, 2017 until Saturday, June 24, 2017, the date of the official state funeral,” Albertus Aochamub, spokesperson in the presidency said yesterday. Those dates also constitute the official period of mourning, he further confirmed. Kuzeeko Tjitemisa Windhoek The bank, a joint venture between the Namibian government and private investors from Zimbabwe, also raised eyebrows when it came to light it advanced loans to big local companies such as Woermann Brock, while it is mandated to help small and medium enterprises. The Bank of Namibia appointed the new acting CEO and interim board as fiduciaries after having found that the former executives and board could not properly account for depositors’ money invested with the bank. The days of some public servants initiating meaningless trips that add very little value to their work but cost the government hundreds of millions of dollars could be over following a meeting between Prime Minister Saara Kuugongelwa-Amadhila and permanent secretaries. Kuugongelwa-Amadhila urged permanent secretaries to work hard to cut personnel and related expenses, especially the much abused subsistence and travel allowances (S&T’s) and ‘overtime’. Kuugongelwa-Amadhila said this during the opening of the meeting between her office and all accounting officers in the capital on Monday. “Considering the tough and trying times that our country is faced with at the moment due to the economic and financial challenges, it is important that all of us work together with a common purpose and with increased commitment to meet this high public expectation of government,” said the prime minister. Geingob hails late Alwina Petersen Kuzeeko Tjitemisa Windhoek President Hage Geingob has hailed the late Alwina Petersen for her hard work, saying her bravery and selfless dedication helped backstop the pro-liberation efforts of her bother, the late Hendrik Witbooi, and others. He said Petersen’s actions exemplified the spirit of the Witbooi clan, following in the footsteps of the iconic Namibian leader Kaptein Hendrik Witbooi (!Nanseb). PM cracks whip on S&T, overtime abuse Playing hard ball… Prime Minister Saara Kuugongelwa- Amadhila PRESIDENCY on page 2 SME on page 2 Home to heroes… Heroes Acre, where Herman Andimba Toivo ya Toivo will be buried on June 24. SSC CEO Milka Mungunda PETERSEN on page 2 “There is considerable uncertainty about international developments. Signals of rising protectionism and global political unrest may further taint the economic outlook,” she added. As a result of the negative economic developments, Kuugongelwa- Amadhila said, the country has witnessed lower tax revenue collections. “This, in turn, prompted the government to adopt a fiscal consolidation strategy. We all have to contribute actively to this consolidation effort. PM on page 2 New Era Newspaper @NewEraNewspaper #NewEraNewspaper • •

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