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New Era Newspaper Monday February 19, 2018

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10 Inside BUSINESS

10 Inside BUSINESS Monday, February 19 2018 | NEW ERA Standard Bank’s new executives report directly to Mungunda Staff Reporter Windhoek Standard Bank recently welcomed two new heads to its executive team. Anne Juuko has been appointed to the position of head, corporate and investment banking (CIB) while Titus Ndove is the new head of public sector and market intelligence. Both Juuko and Ndove will be reporting directly to Standard Bank’s chief executive Vetumbuavi Mungunda. Juuko replaces the current CIB head, Amit Mohan, who will be moving to Europe and who will complete his tenure at the bank at the end of February. Prior to joining the bank, Juuko was most recently the executive and head of global markets at Stanbic Bank in Uganda where she led an extremely successful team that most notably won the highly coveted Primary Dealer of the Year award for six consecutive years. Before joining Stanbic Bank Uganda, Juuko worked at Citibank as vice-president, customer sales and derivatives marketing based in Nairobi, Kenya. Juuko possesses a wealth of experience and brings a breadth of treasury and investment banking experience. She holds a bachelor of commerce degree from Makerere University in Kampala, Uganda and a masters degree in strategic planning from the Herriot Whatt Business School in Edinburgh, Scotland. Juuko has also completed various professional courses and programmes in management and leadership. Welcoming her on board, Mungunda said: “We are most pleased that we will ence and her strong business acumen, strategic mind-set and strong client orientation.” The other executive team member, Ndove, joined the bank on January 1. Ndove was until recently the deputy permanent secretary, treasury and accountant general at the Ministry of Finance. Prior to his appointment at worked at the Bank of Namibia (BoN) as the director He is a University of London graduate with a MSc in holds a bachelor of economics from the University of Namibia. In addition, Ndove is a Macro Economics and Financial Management Institute of Southern and East Africa (MEFMI) graduate fellow specialising in domestic debt markets. He also attended international executive development programmes with the London Business School and Wits University. Ndove is a highly experienced leader with exceptional knowledge and excellent stakeholder relation skills. “His understanding of the Namibian macro-economic, political environment will greatly benefit the bank as we navigate the opportunities and challenges in pursuit of our purpose and strategic objectives,” said Mungunda. Maintenance causes temporary schedule change for Air Namibia MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months -0.01% 7.58% CGP CAPRICORN INVESTMENT GROUP L 1801 0.00% 9 months -0.02% 7.65% NBS NAMIBIA BREWERIES LTD 4499 0.00% 12 months -0.02% 7.90% BVN BIDVEST NAMIBIA LTD 784 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4659 0.00% GC18 (R204 : 6.85%) -0.01% 7.76% ORY ORYX PROPERTIES LTD 2049 0.00% GC21 (R208 : 7.02%) -0.06% 7.84% NAM NAMIBIAN ASSET MANAGEMENT LT 69 0.00% GC24 (R186 : 8.14%) -0.07% 9.36% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.14%) -0.07% 9.75% BMN BANNERMAN RESOURCES LTD 39 0.00% GC30 (R2030 : 8.62%) -0.10% 10.29% DYL DEEP YELLOW LTD 240 -0.83% GC32 (R213 : 8.7%) -0.10% 10.41% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9%) -0.11% 10.43% FSY FORSYS METALS CORP 111 -0.89% GC37 (R2033 : 8.83%) -0.09% 10.83% TUC TRUSTCO GROUP HOLDINGS LTD 850 0.00% %Change Latest B2G B2GOLD CORP 3521 -1.62% Gold 0.34% $ 1,358.26 Platinum 0.66% $ 1008.69 Copper 0.00% $ 7,182.00 Brent Crude 0.19% $ 64.42 %Change Latest NSX (Delayed) 0.00% 1437.00 JSE All Share -0.42% 59,282.66 SP500 1.21% 2,731.20 FTSE 100 0.65% 7,281.90 Hangseng 0.00% 31,115.43 DAX 0.59% 12,418.45 %Change Latest Financials -1.06% 18,363.70 Resources -0.27% 36,465.79 Industrials -0.20% 78,330.69 %Change Latest N$/US dollar 0.19% 11.6433 N$/Pound -0.03% 16.3790 N$/Euro 0.00% 14.5328 US dollar/ Euro -0.19% 1.2482 Latest Previous Namibia Inflation (Jan 18) 3.6 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 Upkeep… Two of Air Namibia’s four Embraer Jets are undergoing scheduled maintenance. Photo: Contributed Staff Reporter Windhoek As of yesterday, Air Namibia has been using only two of its four Embraer Jet (ERJ) aircraft for domestic and regional routes as the other two planes are undergoing scheduled heavy maintenance checks that commenced at the beginning of November 2017 and are anticipated to be completed during June 2018. The reduction in Air Namibia’s cessitated a temporary schedule to Lüderitz and O r a n j e m u n d , which as of yesterday have been reduced to three per week, to be operated on Tuesdays, Thursdays and Saturdays. In addition, the direct service between Johannesburg and Walvis Bay will be suspended during the maintenance period, meaning passengers on this route will be transported via Windhoek’s Hosea Kutako International Airport. Air Namibia’s for servicing all domestic routes and some regional routes such as Lusaka, Harare, Vic Falls and Johannesburg to Walvis Bay. on the entire route network remain unchanged and unaffected by the on-going maintenance. Air Namibia s p o k e s p e r s o n Paul Nakawa noted that safety and regulatory compliance is the cornerstone and at the heart of the airline’s operations and called on passengers and all stakeholders to understand and bear with the airline as it maintains its equipment to ensure operational excellence and uncompromised safety. “It gives pleasure to use this opportunity to inform all our key stakeholders that Air Namibia has a maintenance team duly registered, and that these scheduled heavy maintenance activities are being undertaken by our own Namibian employees, who are fully trained aircraft maintenance engineers,” Nakawa added.

Monday, February 19 2018 | NEW ERA ADVERT 11 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:

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New Era Newspaper Vol 22 No 167