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New Era Newspaper Monday December 4, 2017

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  • Namibia
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10 Inside BUSINESS

10 Inside BUSINESS Monday, December 4 2017 | NEW ERA A look at key findings of the 2016 NIDS Report • Iipumbu Sakaria On November 21, 2017, the Namibia Statistics Agency launched the 2016 Namibia Intercensal Demographic Report (NIDS). This is a report that is released in-between two census years. For example, the last census was conducted in 2011 and the next one will be in 2021. In-between those years, exactly five years in between, an intercensal survey is conducted with the aim of providing up-todate data on demographic, socio-economic characteristics of the population and its housing units. The purpose of presenting such figures in between census years is to update the statistics to ensure they remain accurate, timely, relevant and as required. This NIDS Report comes with a lot of useful information that all stakeholders and citizens should acquaint themselves with. For starters, it provides updated population figures. As it stands, we are currently 2.3 million people, instead of the 2.1 million counted in the year 2011. Also, in the year 2001 our population stood at 1.8 million, up from the 1.4 million counted in 1991. This means that since independence, the population of Namibia has increased by roughly 1 million people. In terms of population density, the people per square metre in our country moved from 1.7 people in 1991 to 2.8 persons per square kilometer in 2016. Namibia thus remains one of the least densely populated countries in the world. This can either be an asset or a disadvantage, considering how MARKET OVERVIEW Money Market Change Latest Selected NSX Stock 3 months 0.00% 7.13% Symbol Stock Name Spot % Move 6 months 0.02% 7.73% CGP CAPRICORN INVESTMENT GROUP L 1808 0.00% 9 months 0.00% 7.98% NBS NAMIBIA BREWERIES LTD 3754 0.00% 12 months 0.00% 8.32% BVN BIDVEST NAMIBIA LTD 785 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4669 0.00% GC18 (R204 : 7.59%) 0.03% 8.50% ORY ORYX PROPERTIES LTD 2060 0.00% GC21 (R208 : 8.33%) 0.01% 9.15% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 9.32%) 0.00% 10.54% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 9.32%) 0.00% 10.93% BMN BANNERMAN RESOURCES LTD 58 3.57% GC30 (R2030 : 9.79%) -0.01% 11.46% DYL DEEP YELLOW LTD 321 1.90% GC32 (R213 : 9.86%) -0.01% 11.57% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 10.04%) -0.02% 11.47% FSY FORSYS METALS CORP 170 0.59% GC37 (R2033 : 9.97%) -0.01% 11.97% TUC TRUSTCO GROUP HOLDINGS LTD 778 0.00% Commodities %Change Latest B2G B2GOLD CORP 3506 -0.45% Gold 0.08% $ 1,275.97 Platinum -0.40% $ 939.20 Copper 0.00% $ 6,762.00 Brent Crude 0.92% $ 63.36 Main Indices %Change Latest NSX (Delayed) -0.13% 1204.88 JSE All Share -0.33% 59,576.45 SP500 0.82% 2,647.58 FTSE 100 -0.26% 7,307.50 Hangseng -0.35% 29,074.24 DAX -0.92% 12,903.84 JSE Sectors %Change Latest Financials 0.42% 16,372.03 Resources 0.36% 36,813.89 Industrials -0.84% 82,369.36 Forex %Change Latest N$/US dollar 0.07% 13.7077 N$/Pound -0.23% 18.5026 N$/Euro -0.04% 16.3095 US dollar/ Euro -0.05% 1.1898 Namibia Monthly Data Latest Previous Namibia Inflation (Oct 17) 5.2 5.6 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 one looks at it. This NIDS Report further provides information on urban and rural area population dynamics. Whilst in 1991 a good 72 percent of our population resided in rural areas, we now have only 52 percent of our population in the rural areas. At independence the urban population stood at a mere 28 percent of the population, whilst this now jumped to 48 percent in 2016. The head of households are still predominantly males; however this trend has been declining since the country gained independence. For example, in 1991 61 percent of all households were headed by males and as we speak, the figure reduced to 54 percent. There is also a trend in declining figures in terms of average household sizes. Whilst private households used to comprise of around 5.2 persons in 1991, this figure declined all the way to 3.9 persons per households in 2016. The report also shows that Namibia has made great strides in providing safe water, toilet facilities and electricity to households. For example, in 1991 only 65 percent of households had access to safe water. This figure stood at 94 percent in 2016. This is a significant increase. Other great strides have been achieved in Information and Communication Technology (ICT) sector. This is a sector that has clearly seen tremendous increases among the population that has access to internet, access to cellphones and access to computers. In 2011, roughly only 9 percent of the population had access to the internet, 53 percent to a cellphone and 11 percent to computers. By 2016 this figure had jumped Iipumbu Sakaria to roughly 21 percent that have access to internet, 75 percent to a cellphone and 15 percent to a computer. Although Namibia has achieved a lot in terms of provision of housing, the statistics show that there is much more to be done. Whilst in 2011 a good 16 percent of housing was classified as shacks, this figure rose to roughly 27 percent in 2016. Statistics speak for themselves and we encourage the entire nation to familiarise themselves with Namibian statistics, either through our offices, website, statistics mobile application, as well as regular statistical updates. * Iipumbu Sakaria is corporate communication manager at the NSA. 1-Dec-17 US manufacturing activity still strong in November: ISM NEW YORK The key US manufacturing sector continued to grow at an above average rate in November, as the impact of back-to-back hurricanes over the summer recedes, according to an industry survey released Friday. Output spiked and employment remains strong to produce “a really strong report” on the sector, the Institute for Supply Management (ISM) said. The ISM’s purchasing managers index slowed to 58.2 percent from 58.7 in October, but remained well above the average for the past year, with 14 of the 18 industries surveyed reporting growth. Any reading above 50 indicates growth in the sector. However, the decline actually reflects an improvement in conditions following the hurricanes, as transportation issues from storms are being overcome, Timothy Fiore, chair of ISM’s Manufacturing Business Survey Committee, explained. The supplier deliveries index fell nearly five points to 56.5 percent, which indicates shipments are speeding up. Manufacturers expected to see three months of transportation difficulties in the wake of the hurricanes -- especially Hurricane Harvey’s hit to the key chemical and oil production facilities in Houston -- as well as six months of impacts on prices, Fiore said. He noted that only five percent of comments from the manufacturers surveyed mentioned the hurricanes, down sharply from the prior two months. The report showed a three-point jump in the production index to 63.9 percent, and a more than half-point rise in new orders to 64 percent, while employment slipped a tenth to a still-strong 59.7 percent. The only industries reporting contraction were wood, petroleum and coal. Fiore said industries reported that “price pressures continue,” with 16 of the 18 sectors surveyed reporting increases. The price index slipped three points to 65.5 percent. The comments from the companies surveyed indicate a strong surge into 2018, with many noting they are not seeing the usual year-end slowdown in orders. “We are just coming off a record sales year. We expect to continue in 2018 robust activity,” one manufacturing firm said. Meanwhile, a metal producer noted, “We are seeing steady, consistent demand for end of year. We usually see a slowdown, which we haven’t seen yet.” – Nampa/AFP

Monday, December 4 2017 | NEW ERA Inside BUSINESS 11 Foibe Namene appointed as Rössing Uranium board chairperson Staff Reporter Windhoek Rössing Uranium Limited has appointed Foibe Louise Namene as the new chairperson to the board of directors, effective from December 1. Namene has been a member of the Rössing board since March 2016 and also serves as a director on various company boards in Namibia. “We welcome Mrs Namene as the board’s new chairperson. It will be a great privilege to be working with her in steering the future of the business,” said Rössing Uranium’s managing director, Werner Duvenhage. Namene is the chief executive officer of the Electricity Control Board (ECB) and has worked for ECB since joining as chief legal advisor in 1996. Amongst other qualifications, Namene holds a master degree in Economic Law (LLM) from the University of Namibia, obtained in 2006. Namene takes over as chairperson from Johannes !Gawaxab, who informed the board in October that he intended to resign from the board to focus on other business commitments. Foibe Namene COURSE ON OFFER 2018 Masters of Science in Civil Engineering ABOUT THE MSC IN CIVIL ENGINEERING The Faculty of Engineering and Information Technology, at the University of Namibia (UNAM) José Eduardo dos Santos Campus, in Ongwediva, invites prospective candidates for admission into the Master of Science degree programme in Civil Engineering (MSc Civil Engineering), for the 2018 academic year. The German government, through the GIZ Project “Transport, Mobility, Logistics” in Namibia, supports the Department of Civil and Environmental Engineering, which has excellent teaching and learning facilities, well equipped research laboratories and several key professors. AREAS OF SPECIALISATIONS: The MSc in Civil Engineering Programme has three (3) areas of specialisation, namely: • Water Engineering • Structural Engineering • Transport Engineering SCHOLARSHIP OPPORTUNITY The Department of Civil and Environmental Engineering has limited number of MSc scholarships in the area of Transportation. The scholarship will partly be funded by GIZ. The scholarships will be awarded on a competitive basis as part of the application review process and are available only to Namibians. Students who would like to be considered for sponsorship should attach on the application a one-page motivation letter. PLEASE TAKE NOTE: • For admission requirements and course prospectus, visit the UNAM website. • Mode of study: This programme will be offered on a full-time and part-time basis, at José Eduardo Dos Santos Campus, in Ongwediva. The Master’s programme offers two (2) degree options, either by course work and research, or by research only. Irrespective of which options they pursue, all students receive a Master of Science degree in Civil Engineering. • Free Online Applications to be submitted via the UNAM website at: www.unam.edu.na/apply-to-unam/2018 Deadline for submitting applications: 08 December 2017 For further information, please contact: Faculty Officer, School of Postgraduate Studies: Tel: (+264 61) 206 4615; Email: jchaka@unam.na Faculty Officer, Faculty of Engineering and IT: Tel: (+264 65) 232 4004; Email: pnshivute@unam.na www.unam.edu.na

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New Era Newspaper Vol 22 No 167

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