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New Era Newspaper Monday December 18, 2017

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10 Inside BUSINESS

10 Inside BUSINESS Monday, December 18 2017 | NEW ERA Standard Bank opens branch in Aussenkehr Staff Reporter Windhoek Standard Bank, the only commercial bank that has operated in Aussenkehr Valley in the //Kharas Region for the past 13 years, recently unveiled a modern banking facility to the tune of N.5 million. Standard Bank’s Chief Executive Vetumbuavi Mungunda and the owner of Aussenkehr Farms, Dusan Vasiljevic officially opened the new Aussenkehr Branch on 6 December 2017. Aussenkehr Valley is a leading exporter of table grapes to major world markets. The area is also home to up to 20 000 inhabitants who work in the grape industry. With over 2000 hectares under grape production in the valley, Mungunda noted that this was a successful example of private sector investment driving the emergence of new economic activities and growth in the country. “The valley of Aussenkehr has grown and is growing fast and is a welcome development for foreign exchange earnings, creation of employment and the creation of downstream economic activities such as the retail sector. It also means that critical amenities and services such as housing, roads, schools and banking services have to follow these developments,” said Mungunda. He thanked the investors in Photo: Contributed Money matters...The N.5-million Standard Bank branch that was unveiled in Aussenkehr Valley recently. the Aussenkehr Valley for their pioneering and entrepreneurial spirit in developing a new industry and economic sector from scratch. Mungunda noted that grape production and grape farming are an example of the new approach to Namibia’s potential in terms of agricultural and food production. “This is indeed a private sectordriven industry where private money is invested in a venture that has proven successful and sustainable, and this should be the recipe for Namibia’s approach to economic development, government allowing and enabling private-sector driven investments with the availing of key infrastructure developments as well as market access,” said Mungunda. He said over the last two years Standard Bank has identified the need to establish new banking facilities in other towns like Okongo, Karibib, Gobabis, Omuthiya and Okakarara to complement the private sector’s drive. “As a bank, we need to provide inclusive banking by supporting these economic activities and the customers migrating to Aussenkehr. It is for this reason that we saw the need of opening our first branch here in an old warehouse building in 2004. It is this pioneering spirit, which pushed us to open the branch then despite operating from a makeshift structure. We were able to take the lead in responding to the banking need in developing this valley,” added Mungunda. He also encouraged the grape companies to support the bank’s flagship Buy-a-Brick Initiative geared towards raising funds to build decent houses for no-or-low-income communities, as “it will be great to help build 50 or 60 new houses for the people living here in Aussenkehr”. Welcoming the opening of the new branch, Vasiljevic, thanked Standard Bank for being the first to invest in the valley’s potential. “Many years ago there was nothing here in Aussenkehr, no electricity, no roads… However, Standard Bank was the first to give banking services to our people in a small office. During the last two decades, the grape producers who came grew the area exponentially to what it is today. Aussenkehr is unique in the world and unique in what we have achieved in a country like Namibia – this is what private sector investment is all about. I would like to therefore urge our grape workers to continue using our new banking facility here as we strive to continue to grow together,” said Vasiljevic. At the same occasion, some of the grape-producing farmers welcomed the much bigger and modern banking facility. “It’s very good for us, your staff are always very helpful as we are not always the easiest customers,” said Deidre Goussard of Silverland Namibia. Also commending Standard Bank for the banking facility, Larry Gonteb of Namibia Grape Company and Capespan Namibia said, “All our seasonal workers are with Standard Bank and seeing that it’s a much bigger branch, more customers can be accommodated.” The new Standard Bank Aussenkehr branch is located at the town’s main new shopping centre, which opened in January this year. MARKET OVERVIEW Money Market Change Latest Selected NSX Stock 3 months 0.00% 7.14% Symbol Stock Name Spot % Move 6 months 0.00% 7.73% CGP CAPRICORN INVESTMENT GROUP L 1800 0.00% 9 months 0.00% 8.01% NBS NAMIBIA BREWERIES LTD 3901 0.00% 12 months 0.00% 8.35% BVN BIDVEST NAMIBIA LTD 784 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4664 0.00% GC18 (R204 : 7.58%) -0.02% 8.49% ORY ORYX PROPERTIES LTD 2059 0.00% GC21 (R208 : 8.31%) 0.01% 9.13% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 9.24%) 0.00% 10.46% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 9.24%) 0.00% 10.85% BMN BANNERMAN RESOURCES LTD 62 -3.13% GC30 (R2030 : 9.71%) 0.00% 11.38% DYL DEEP YELLOW LTD 346 1.76% GC32 (R213 : 9.77%) 0.00% 11.48% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.94%) 0.01% 11.37% FSY FORSYS METALS CORP 163 -10.93% GC37 (R2033 : 9.87%) 0.00% 11.87% TUC TRUSTCO GROUP HOLDINGS LTD 725 0.00% Commodities %Change Latest B2G B2GOLD CORP 3854 1.02% Gold 0.17% $ 1,255.05 Platinum -0.06% $ 881.47 Copper 0.00% $ 6,793.00 Brent Crude -0.28% $ 63.86 Main Indices %Change Latest NSX (Delayed) 0.00% 1219.90 JSE All Share 0.00% 57,845.57 SP500 -0.41% 2,652.01 FTSE 100 0.00% 7,448.12 Hangseng -0.97% 28,882.05 DAX 0.00% 13,068.08 JSE Sectors %Change Latest Financials 0.00% 16,360.58 Resources 0.00% 35,944.19 Industrials 0.00% 78,834.36 Forex %Change Latest N$/US dollar -0.13% 13.4951 N$/Pound -0.03% 18.1426 N$/Euro -0.06% 15.9035 US dollar/ Euro 0.05% 1.1784 Namibia Monthly Data Latest Previous Namibia Inflation (Nov 17) 5.2 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 15-Dec-17 NOTICE -ENVIRONMENTAL IMPACT ASSESSMENT – MC 68462, 68549 &68763 Fillipus Shipanga hereby notifies all interested, affected parties and stakeholders in terms of the Environmental Management Act, 7 of 2007 and the Environmental Impact Assessment Regulations (February 2012) of his intention to commence mining activities.. Project Location: Orutumba, 10 Km south of Swartbooisdrift, Kunene Region, Opuwo . Project Description: Mining of semi-precious and dimension stones in mining claims 68462, 68549 &68763 Environmental Consultants: Blue river investments cc Registration of IAPs Interested and/or affected parties (IAPs) are invited to submit, name, contact details, comments and any interest in the proposed project not later than the 3RD of January 2018 to: Mr C. Mutizwa P.O Box 87100 Eros Tel: +264 67 231002. Cell: +264 81 8776564. Email: ENVIRONMENTAL IMPACT ASSESSMENT _ MINING CLAIMS 69356 & 69151 Hosea Kazepurua hereby notifies all interested , affected parties and stakeholders in terms of the Environmental Management Act, 7 of 2007 and the Environmental Assessment Regulations of February 2012, of their intention to commence prospecting and mining activities within Mining Claims (MC) No.69356 & 69151 about 10 Kilometres west of Swaartboois Drift. Proponent: Hosea Kazepurua Description of project:-Prospecting and mining for dimension stone and semi- precious stones within MC 69356 & 69151 covering 36 hectares. Environemtal Consultants: Blue river investments cc Registration of IAPs : Interested and/or affected parties (IAPs) are invited to submit contact details, questions, comments and any interest in the prospecting and program not later than the 3rd of January 2018 to : The Project manager: C . Mutizwa- P.O Box 5.Kombat.Tel: +264(0)67 231011, Cell: +26481 7765654. Email:

Monday, December 18 2017 | NEW ERA Inside BUSINESS 11 Standard Bank empowers financial literacy Staff Reporter Windhoek Financial literacy is necessary to make financially responsible decisions that are integral to everyday lives, unfortunately, consumers fail to demonstrate a strong grasp of financial principles in order to understand and negotiate the financial landscape, manage financial risks effectively and avoid financial pitfalls. According to the Financial Literacy Initiative (FLI), 89 percent of salaries are paid to service debt in Namibia, 51 percent of Namibians are financially literate while only a mere 32 percent implement the knowledge of financial literacy. “As a responsible corporate entity, Standard Bank understands the importance of financial literacy, hence our partnership with FLI, who seek to educate all consumers,” Standard Bank’s PR and Communication Manager, Surihe Gaomas-Guchu said. FLI is a national platform initiated by the Ministry of Finance to enhance financial education for individuals and micro-, small- and medium-sized enterprises. Standard Bank has been FLI’s strategic partner since 2013, annually committing 0.2 percent of its net profit after tax towards financing the initiative. This year, the bank donated an impressive N0 000. Gaomas-Guchu commended FLI for its efforts in empowering Namibians to make positive decisions regarding their finances. “I strongly believe that the interventions made by FLI, with the support of Standard Bank and other platform supporters, have gone a long way in improving the financial competencies of all Namibians, one of the ways being through alleviating debt thereby creating conditions for financial wellness,” she said. Through donations and sponsorships by the various platform supporters such as Standard Bank, FLI hosts various workshops and public talks to educate locals on financial literacy. Empowering Financial Literacy … From left: FLI’s Chuma Siboleka and Francois Brand as well as Sophy Mouton, Standard Bank’s Events Manager, and Surihe Gaomas-Guchu, Head of Enterprise Banking and PR and Communication Manager, during the recent handover. Photo:Contributed Staff Reporter Windhoek Headway Consulting, a Namibian company founded in 2011, and the Namibian University of Science and Technology (NUST) recently signed a memorandum of agreement (MoA) to facilitate work-integrated learning (WIL) for NUST students. WIL exposes young people pursuing tertiary education to the workplace and internships. Organisations like Headway Consulting are fulfilling their duty as good corporate citizens and creating work placement opportunities for several students of NUST. The purpose of the WIL programme is for students to undertake an internship that enables them to apply theoretical knowledge gained from their studies in a practical setting. In Namibia, specifically, tertiary students have limited options when it comes to internship opportunities NUST, Headway renew WIL agreement even though it is an academic requirement during their final year of studies before obtaining their qualification. Another concern is that most graduates lack real world experience, as they have not been exposed to work integrated learning. Photo: Contributed Collaborating in education … Dr Andrew Niikondo, Deputy Vice Chancellor of NUST and Jan Coetzee of Headway Consulting. Headway Consulting, based in Windhoek and a truly Namibian company, would provide a WIL placement for several students, lasting a minimum of three to six months for the successful students. The previous agreement between the parties was signed in 2014 when NUST was still known as Polytechnic of Namibia. A number of students were placed with the company through this agreement, and some of them were eventually permanently employed after completing the WIL. The company provides information technology (IT) consultancy services to the corporate world, offering advisory services in IT governance in accordance with international best practise frameworks such as Control Objectives for Information and Related Technologies (COBIT) and Information Technology Infrastructure Library (ITIL). Compliancy has become essential for companies if they want to successfully operate and or be considered for certain tenders and contracts. Headway is keenly aware that to offer its clients the best professional and expert advice, it needs to develop these skills and the people itself. NUST is the perfect partner for Headway in providing work integrated learning opportunities to students, specifically those studying towards a degree in Business Computing. Jan Coetzee, Managing Director of Headway Consulting, said: “With an ever evolving technological landscape, we see the need for graduates to be able to hit the ground running when it comes to their job performance. Headway thinks it is essential that we actively participate in this programme to ensure Namibia has local capable resources to contribute to the development of Namibia with tailor-made ICT solutions.” Poor customer service remains a challenge for tourism growth: Shifeta WINDHOEK Minister of Environment and Tourism, Pohamba Shifeta, has lamented lack of good customer service practices in the sensitive Namibian hospitality industry, which he said was hampering the potential growth of the tourism industry. Shifeta was speaking at the launch of his ministry’s 2016 Tourist Statistics Report on Thursday. He added that an inter-ministerial committee was looking into improving customer service in the industry, which involved training of new and old employees, who did not understand the industry. He said other factors hampering the growth of Namibia’s tourism industry include the absence of a national marketing strategy, especially in the domestic market, which he described as weak or non-existent. “For the last five years, the sector has been growing year to year at an average of six percent despite the global economic adversities being experienced the past years,” Shifeta said. He further indicated that despite the several challenges faced in the industry, international tourism volumes increased by 3.6 per cent in 2016 with figures of 1 574 148 compared to 1 519 618 the previous year. Countries with the largest number of tourists, who visited Namibia in 2016 were Angola, South Africa, Zambia, Germany, the United Kingdom, the United States and France. Accommodation statistics show that most tourists preferred bed and breakfast accommodation, rest camps and tented lodges. “As we are receiving more international airlines, we might end up experiencing pressure on the current facilities we have at airports,” the report indicated. There is, therefore, a need to urgently upgrade the airport facilities across the country as well as ensure efficient and smooth customs and immigration procedures to relieve the pressure, especially at the Hosea Kutako International Airport, the report recommended. - Nampa

New Era

New Era Newspaper Vol 22 No 167