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New Era Newspaper Friday February 23, 2018

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30 Inside BUSINESS

30 Inside BUSINESS Friday, February 23 2018| NEW ERA Latest acquisition extends Concord Cranes’ local reach Staff Reporter Windhoek Concord Namibia, which forms part of the Concord Cranes Group, has expanded its geographical reach in Namibia through the strategic acquisition of a Walvis Bay-based company. Concord Cranes recently acquired Walvis Bay-based plant hire company Rent-A-Plant Namibia, a Namibian company with an in-depth knowledge of the country due to its 19 years’ experience in Namibia. Concord Namibia’s operations are run from Okahandja, primarily servicing the northern and central regions. This undertaking expands the group’s geographical reach significantly. Rent-A-Plant Namibia is currently in the process of merging into Concord Namibia. platforms, and three trucks, which complements Concord Cranes’ product and service offering. Concord Namibia CEO Francois Smith comments that Rent-A-Plant Namibia boasted a good order book prior to the acquisition. “It has a different customer base compared to us. We have a couple of customers looking for Photo: Contributed Broadening out… Rent-A-Plant Namibia is currently in the process of merging with Concord Namibia. cranes, which we rent on a monthly, weekly, or daily basis. Conversely, Rent-A-Plant Namibia has an extensive client list, which will sometimes use a machine for just a few hours at a time,” he remarks. Rent-A-Plant Namibia’s key accounts include a number of customers in Walvis Bay. These relationships are well established, the company’s service and product offering. While short-term projects do bolster the bottom line, it is the repeat business that ensures sustainability and viability going forward, Smith stresses. Smith points out that Rent- A-Plant Namibia often received requests for larger-size cranes, a service it will now be able to cater for thanks to the latest acquisition, due to the support it now receives from Concord Cranes. “It illustrates the synergy between our two companies, as well as the potential customers.” This includes in-depth expertise of the crane and forklift industry, together with a thorough understanding of local business conditions. The transaction will aid Concord Namibia in transporting cranes in Walvis Bay, and will also increase the ease of servicing projects in the region, particularly those based at the port of Walvis Bay. This is where most large-scale projects in the country are currently taking place. Smith elaborates that the acquisition dovetails with Concord Cranes’ broader goal of having a strong presence in South Africa’s neighbouring countries, in order to increase its uptake of cross-border business opportunities. “We are piloting the concept of having multi-franchises with multiproduct offerings in Namibia,” he reveals. The pilot project will ascertain how best to make this business model work in an African context, rolled out to additional countries such as Botswana and Ghana, among others. This forms part of Concord Cranes’ vision to become a pan-African service provider. “We are positive about the medium-to-long-term prospects for the Namibian industrial sectors. Concord Namibia aims to provide the highest level of support to our clients in that country, and to expand our geographical footprint throughout the country,” Smith says. MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months -0.02% 7.54% CGP CAPRICORN INVESTMENT GROUP L 1802 0.00% 9 months -0.02% 7.63% NBS NAMIBIA BREWERIES LTD 4499 0.00% 12 months -0.05% 7.84% BVN BIDVEST NAMIBIA LTD 784 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4660 0.00% GC18 (R204 : 6.7%) 0.00% 7.61% ORY ORYX PROPERTIES LTD 2040 0.00% GC21 (R208 : 6.91%) 0.00% 7.73% NAM NAMIBIAN ASSET MANAGEMENT LT 69 0.00% GC24 (R186 : 8.03%) 0.05% 9.25% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.03%) 0.05% 9.64% BMN BANNERMAN RESOURCES LTD 39 0.00% GC30 (R2030 : 8.46%) 0.06% 10.13% DYL DEEP YELLOW LTD 264 12.34% GC32 (R213 : 8.54%) 0.06% 10.25% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 8.79%) 0.03% 10.22% FSY FORSYS METALS CORP 105 -0.94% GC37 (R2033 : 8.67%) 0.06% 10.67% TUC TRUSTCO GROUP HOLDINGS LTD 900 0.00% %Change Latest B2G B2GOLD CORP 3352 0.18% Gold -0.15% $ 1,322.69 Platinum -0.42% $ 986.51 Copper 0.00% $ 7,119.00 Brent Crude 0.18% $ 65.04 %Change Latest NSX (Delayed) -0.81% 1421.89 JSE All Share -1.38% 57,798.86 SP500 -0.55% 2,701.33 FTSE 100 -0.89% 7,216.90 Hangseng -1.48% 30,965.68 DAX -0.67% 12,386.98 %Change Latest Financials -1.36% 18,231.70 Resources -1.22% 35,006.80 Industrials -1.64% 75,894.11 %Change Latest N$/US dollar 0.29% 11.6969 N$/Pound -0.12% 16.2169 N$/Euro 0.30% 14.3696 US dollar/ Euro 0.02% 1.2286 Latest Previous Namibia Inflation (Jan 18) 3.6 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 NOTICE Take notice that PLAN AFRICA CONSULTING CC, TOWN AND REGIONAL PLANNERS, on behalf of the owner intends applying to the City of Windhoek for the: Erf 3242 is 639m² in extent. The proposed zoning will allow the owner to erect 6 dwelling units on the respective erf. Further take notice that the plan of the erf lies for inspection on the town planning notice board in the customer Rev. Michael Scott Street, Windhoek. Further take notice that any person objecting to the proposed use of the land as set out above may lodge such objection together with the grounds thereof, with the Windhoek Municipality and with Applicant in writing within 14 days of the last publication of this notice

Friday, February 23 2018| NEW ERA ADVERT 31 VACANCY nepc_08_01_18 CHIEF EXECUTIVE OFFICER The position reports to the Board of Directors of New Era Publication Corporation. The successful candidate will be required to advise and support the Board in a manner which ensures that it [the Board] discharges its legislative mandate and obligations consistent with national and international best practice and governance principles. The main purpose of the position is to provide strategic leadership to the New Era Publication Corporation and must ensure that he/she manages the from people with disabilities. Our building is accessible to people with accommodate the needs of successful candidates with disabilities. KEY PERFORMANCE AREAS Implement relevant International Best-Practice and good corporate Represent the Corporation in public and attend Board and Uphold operational procedures consistent with modern and Performance management Project management APPLICATION Applications must consist of the following: The application MUST be clearly marked: APPLICATION FOR NEW ERA CHIEF EXECUTIVE OFFICER; to be addressed to: THE CHAIRPERSON Board of Directors: New Era Publication Corporation Private Bag 13364 WINDHOEK Note: Applications can only be emailed to: No application should be hand delivered. All shortlisted candidates will be subject to psychometric tests as well as job aptitude tests together with criminal record checks. DEADLINE QUALIFICATIONS AND EXPERIENCE advantage. COMPETENCIES/SKILLS No documents submitted for the purpose of this application will be returned to candidates. No telephonic enquiries will be entertained. People management Change management Contact us: Tel: +264 61 208 0800 | Website:

New Era

New Era Newspaper Vol 22 No 167