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New Era Newspaper Friday October 13, 2017

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16 Inside BUSINESS

16 Inside BUSINESS Friday, October 13 2017 | NEW ERA Staff Reporter Windhoek The Namibia Statistics Agency (NSA) yesterday released the latest Consumer Price Index which tion rate for September 2017 year. The annual inflation rate slowed to 5.6 percent in September 2017 from the 6.9 percent registered in September of the previous year, resulting in a slowdown of 1.3 percentage points. The slowdown in the annual and Nonalcoholic Beverages (12.0 to 4.2 percent), Health ings, Household Equipment and Routine maintenance of the house (6.1 to 3.6 percent), Recreation and culture (5.7 to 3.1 percent), Hotels, Cafés and Restaurants (9.5 to 6.2 percent), Miscellaneous Goods and Services (5.7 to 4.1 percent) and from 1.1 to -1.7 percent. The annual inflation rate (September 2017 compared to September 2016) increased slightly from 5.4 percent in August 2017 to 5.6 percent in September 2017 after declining continuously since January 2017. However, it remained below the inflation rate in September 2016 of 6.9 percent. MARKET OVERVIEW Change Latest 3 months 0.01% 7.02% 6 months 0.01% 7.44% CGP CAPRICORN INVESTMENT GROUP L 1818 0.00% 9 months 0.00% 7.63% NBS NAMIBIA BREWERIES LTD 3725 0.00% 12 months 0.01% 7.83% BVN BIDVEST NAMIBIA LTD 786 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4675 0.00% GC18 (R204 : 7.09%) 0.00% 8.00% ORY ORYX PROPERTIES LTD 2065 0.00% GC21 (R208 : 7.62%) 0.00% 8.44% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 8.69%) 0.00% 9.91% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.69%) 0.00% 10.30% BMN BANNERMAN RESOURCES LTD 38 2.70% GC30 (R2030 : 9.27%) 0.01% 10.94% DYL DEEP YELLOW LTD 221 -0.90% GC32 (R213 : 9.34%) 0.01% 11.05% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.61%) 0.02% 11.04% FSY FORSYS METALS CORP 130 0.00% GC37 (R2033 : 9.48%) 0.01% 11.48% TUC TRUSTCO GROUP HOLDINGS LTD 560 0.00% %Change Latest B2G B2GOLD CORP 3743 -1.96% Gold 0.22% $ 1,294.62 Platinum 0.69% $ 938.77 Copper 0.00% $ 6,800.00 Brent Crude -0.60% $ 56.24 %Change Latest NSX (Delayed) -0.04% 1171.01 JSE All Share -0.05% 57,741.81 SP500 0.18% 2,555.24 FTSE 100 0.38% 7,562.24 Hangseng 0.24% 28,459.03 DAX -0.07% 12,961.29 %Change Latest Financials 0.39% 15,590.62 Resources -0.22% 35,891.05 Industrials -0.21% 79,457.05 %Change Latest N$/US dollar -0.22% 13.4969 N$/Pound -0.88% 17.7305 N$/Euro -0.27% 15.9982 US dollar/ Euro -0.05% 1.1853 Latest Previous Namibia Inflation (Sep 17) 5.6 5.4 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 - Source: NSA (September 2017 compared to August 2017) rose from 0.1 percent in August to 0.4 percent in September 2017. Klaus Schade of the Economic Association of Namibia (EAN) noted that price increases for services are this year the noted that prices for services increased by 8.4 percent compared to September 2016 and that service prices rose faster than prices for goods since January 2017. “Services account for 42.3 percent of the consumption basket. Consequently, price increases of services contributed 3.6 percentage points to percent. Prices for housing, water, electricity, etc. recorded percent year-on-year. Since this category accounts for the largest weight in the consumption basket (28.4 percent) this category in September,” Schade explained. He also noted that Rental payments recorded price increases of 9.6 percent, as in previous months. Costs for repairs and maintenance increased by 5.9 percent, down from 6.3 percent in August 2017. “The contraction in the construction sector could have a dampening effect on prices for repairs and maintenance. Costs for water supply rose also at a slower pace: 8.1 percent in September compared to 8.4 percent in August. Electricity prices on the other hand showed a much stronger increase in September (6.0 percent) than in August (1.8 percent),” said Schade. After an uptick in food prices in August (4.6 percent) compared to July 2017 (4.3 percent), price increases slowed down to 4.2 percent in account for the second highest weight in the consumption basket (16.5 percent). Also, prices for bread and cereals as well as for fruits actually decreased compared to September 2016 by 2.4 percent and 1.7 percent respectively. Prices for milk, cheese and eggs rose by 2.9 percent, which is below price increases in August (5.3 percent). Meat prices on the other hand continue their upward trend and rose by 9.4 percent compared to 8.9 percent in August 2017. The strong increase in the value of exports of live animals in the second quarter 2017 could be a driving force for higher meat prices. The price for vegetables is on the rise again decline. Meanwhile, transport prices showed a stronger increase in September 2017 (3.9 percent) compared to August (2.0 percent) fuelled by higher fuel prices. Costs for the operation of transport equipment rose by 5.0 percent compared to 1.9 percent in August 2017. Transport carries the third largest weight in the consumption basket with 14.3 percent. Costs of alcoholic beverages and tobacco namely at 5.3 percent in September compared to 4.8 percent in August. These items account for 12.6 percent of total expenditure of an average Namibian household. “Despite a slight acceleration of price in- percent. Relatively modest price increases for food products remain good news for in particular low-income earners and the poor who spend a much larger share of their income on food than the average Namibian household (16.5 percent). The decision to leave fuel prices unchanged in October will reduce price pressure on transportation costs with subsequent positive concluded. GENERAL NOTICE REHOBOTH TOWN PLANNING AMENDEMENT SCHEME NO. 13 Notice is hereby given in terms of Section 23 of the Town Planning Ordinance 1954, (Ordinance 18 of 1954), as amended, that the Rehoboth Town Planning Amendment Scheme No. 13, has been submitted to the Minister Urban and Rural Development for approval. Copies of the Rehoboth Town Planning Amendment Scheme No. 13 and the maps, plans, documents and other relevant matters Town Council and also at the Namibia Planning Advisory Board (NAMPAB), Ministry of Urban and Rural Development, 2 nd Floor, Any person who wishes to object to the approval of the Town Planning Scheme, should lodge objections in writing to the Secretary, Namibia Planning Advisory Board (NAMPAB), 14 November 2017. D D Beukes, Chairman Namibia Planning Advisory Board Windhoek 2017

Friday, 13 October 2017 entertainment Choirs win gospel festival entertainment NOW! Comic Lloyd dares Africa, Europe Page: 18 COMEDY How WHK lost its groove …the demise of the jazz genre KG Moloi, a renowned jazz DJ on Energy100 FM does not mince words when decrying the demise of the Blue Note Jazz Lounge. Jeremiah Ndjoze speaks to some jazz lovers about the perceived lack of jazz venues in the capital.

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