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New Era Newspaper Monday July 10, 2017

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12 Inside BUSINESS

12 Inside BUSINESS Monday, July 10 2017 | NEW ERA Trustco Properties begins construction of Ondangwa estate Staff Reporter Ondangwa Trustco Properties has launched its latest d e v e l o p m e n t i n Ondangwa named Ombala Estate, which is aimed at assisting in alleviating the housing shortage crisis by offering affordable twobedroom, one-bathroom homes. The company says plot and plan options are available on erven starting from 310 square metres and a starting price of N9,000, which includes the transfer and conveyancing costs. First-time buyers are encouraged to purchase their new homes at Ombala Estate, with no deposit required for pre-approved clients. Ombala Estate is centrally situated in Ondangwa and all erven are constructed alongside tarred roads with state-of-theart water drainage systems and power lines. The erven also have space for future expansion, meaning owners can add a room, bathroom, or garage. The Ondangwa land was purchased by Trustco Properties in 2011 with the sole aim of alleviating the housing crisis. This development spans 130,103 m2, and not only caters for the residential market, as Extension 11 includes commercial business and light industrial erven, which are ready for sale. Schalk Kruger, COO of Trustco Properties, said: “This development is to empower the people in the north to raise their standard of living and live like royalty as the name fittingly suggests. These homes will be affordable while offering quality for first-time home owners and investors.” Trustco Properties is a subsidiary of Trustco Group Holdings and has undertaken property developments such as Elisenheim Lifestyle Estates, Farm Herboth and Lafrenz Industrial Park. Environmental Investment Fund of Namibia | ensuring sustainability Public Notice Stakeholder consultation workshops “Increasing Climate Change Resilience of CBNRM through Adaptation in the Tourism Sector in Namibia” The Environmental Investment Fund of Namibia (EIF) has secured Green Climate Fund (GCF) Readiness support in 2016 to strengthen Namibia’s community-based natural resources management (CBNRM) Enhanced Direct Access (EDA) tourism proposal, and to build its own institutional capacity. The primary aim of the readiness support is to develop a second EDA proposal to be called “Tourism Adaptation Project: Increasing Climate Change Resilience of CBNRM through Adaptation in the Tourism Sector in Namibia”. As part of the project development process the Fund will be conducting key stakeholder workshops in various parts of Namibia in order to: • Gather key stakeholder inputs into the project design; • Create a platform towards incorporation of stakeholder inputs into the gender report and activities for the Action Plan; and • Identify possible risks and impacts of project activities. The regional workshops will take place between 10 - 19 July 2017 as per schedule below: Regions Regional Cluster Venue Date Hardap, Karas Mariental Tahiti Guesthouse 10 July 2017 Erongo, Otjozondjupa, Khomas, Omaheke Otjiwarongo C’est Si Bon Hotel 12 July 2017 Kunene Opuwo Opuwo Country Lodge 14 July 2017 Oshikoto, Oshana, Omusati, Ohangwena Ondangwa Ondangwa Protea Hotel 17 July 2017 Kavango East, Kavango West, Zambezi Rundu Ngandu Lodge 19 July 2017 For more information regarding the Stakeholder consultations: Ms. Aina-Maria Iteta Environmental Investment Fund of Namibia amiteta@eifnamibia.com Tel: +264 61 431 7700 EIF Namibia Green_Viewpoint www.eifnamibia.com info@eifnamibia.com Ohorongo Cement appoints new plant manager OTJIWARONGO Ohorongo Cement factory on Thursday announced the appointment of Estelle Alberts as the new plant manager effective from July 1. Alberts joined Ohorongo Cement in July 2013 as a divisional plant production manager, where she chiefly dealt with the grinding, burning and headed parts of the cement production plant. She grew up in the Grootfontein district and holds an engineering bachelor degree (B.Eng), engineering master’s (MSc Eng) degree, and business administration (MBA) degree, all obtained from the University of Stellenbosch in South Africa. Alberts in her new role will be responsible for the day-to-day operations of the Ohorongo Cement plant situated on Farm Sargberg, about 30 kilometres northwest of Otavi in the Otjozondjupa Region. “Her duties will include production, maintenance and quality assurance activities with the focus on safety, health and environment,” said the company’s public relations and corporate communications manager, Estelle Alberts Photo: Nampa Esther Mbathera, in a media release on Thursday. Alberts will also be responsible for the mid-term planning and coordination of all functions directly related to cement production, processing and optimisation activities. She accepted her new appointment and expressed gratitude to be chosen in this new role. Alberts takes over from Manfred Pirker, who has been appointed executive advisor to the cement manufacturing plant. Pirker was the plant manager for the past three years. He was instrumental in the construction and commissioning phases of the cement manufacturing plant. Ohorongo Cement managing director Hans- Wilhelm Schütte said the factory looks forward to the contributions of Alberts to the plant. “We will greatly support her in every aspect, for her to bring out the best for Ohorongo Cement and Namibia,” Schütte said. Ohorongo Cement employs over 300 permanent workers. – Nampa

Monday, July 10 2017| NEW ERA Inside BUSINESS 13 SA signs tripartite free trade area agreement JOHANNESBRUG South Africa signed an agreement establishing the Tripartite Free Trade Area (TFTA) in Kampala, Uganda on Friday, during a meeting of the tripartite Sectoral Ministers Committee, the department of trade and industry said. The department said the meeting was attended by trade ministers and officials from the Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC), and Southern African Development Community (SADC). The TFTA was launched by the heads of state at Sharm el-Shaik, Egypt in June 2015. The department said that South Africa did not sign the agreement at that stage “since there was still outstanding work in some of the annexures to the agreement”. “All the annexures have been completed and adopted by the tripartite Sectoral Ministers Committee, enabling South Africa to sign the agreement. This TFTA represents an integrated market of 26 countries with a combined population of 625 million people and a total gross domestic product (GDP) of .6 trillion,” the department said. “South Africa is the 19th country to sign the agreement. The agreement will enter into force once 14 countries have submitted their instrument of rectification. Egypt recently became the first country to rectify the agreement. Once the agreement enters into force it will reduce the tariffs on goods traded between the tripartite countries and create new opportunities for exports as well as regional value chains.” Trade and Industry Minister Rob Davies said South Africa has been a champion of the tripartite process from the beginning and is committed to the process. Davies said South Africa is pleased that it is in a position to sign the agreement and that South Africa, as part of the Southern African Customs Union (SACU), participated in the negotiations to finalise the bilateral tariffs commitments. “The conclusion of these negotiations will be another important step forward in the process since it will provide commercial benefits to our business people by enabling them to trade products between SACU and EAC countries at a reduced or zero tariff,” Davies said. - Nampa/ANA ENVIRONMENTAL SCOPING ASSESSMENT NOTICE TO ALL INTERESTED AND AFFECTED PARTIES Notice is hereby given to Interested and Affected Parties (I&APs) that an application will be made to the Environmental Commissioner in terms of the Environmental Management Act (7 of 2007) and the Environmental Impact Assessment Regulations (GN. No. 30 of 6 February 2012) as follows: Proponent: R. E. D. Graniti Namibia (Pty) Ltd Environmental Assessment Practitioner: Urban Green cc Project Name: Renewal of EPL 5235 Near Aus. Project Location: EPL 5235 is located approximately 80 km southeast of Aus in the Karas Region. Project Description: Mining exploration activities (vegetation clearing, rock sample collection etc.) are intended in the main exploration areas – i.e. Farms Sandykop & Swartkloofberg. Registration of I&APs and Submission of Comments: In line with the above mentioned legislation, all I&APs are hereby invited to register and submit their comments / concerns / questions (to be done in writing) to the office of Urban Green cc via the details given below. Information on the proposed project is available from the Urban Green cc office. DEADLINE FOR REGISTRATION AND SUBMISSION OF COMMENTS IS 31 JULY 2017. Youth applauded for rising to become industrialists EKURHULENI City of Ekurhuleni mayor Mzwandile Masina has called on the city’s youth to move away from a consumption mentality to a production one. Masina made the call while hosting young black industrialists who established a company and turned it into a multi-million-rand establishment within three years, the city said in a statement on Sunday. These industrialists are “ordinary young people” who live in the same conditions that many young people were experiencing, Masina said. Based in Alrode in Ekurhuleni, United Industrial Cables (UIC) came into existence in 2014, formed by a group of young black professionals experienced in cable manufacturing, finance and project management. The founders are Reginald Tshikota, Fhatuwani Belemu, Malwandla Siweya, Themba Mabunda and Mark Horn. These black industrialists are investing more than R100 million in this venture to bring immense localisation, transformation and much-needed employment, he said. The company specialises in power cables, signalling cables, bonding wire, aluminium overhead conductors, automotive/ locomotive cables and flexible wires with UV and heat resistant insulation, sheathing materials and bare copper conductors/wires. The UIC currently provides services to Eskom and power utilities in high voltage transmission lines. Masina said that looking at the meteoric rise of these young people, Ekurhuleni youth, who make up most of the city’s population of 3.4 million people, should stand up and grab opportunities. “Our efforts are narrowed into a 10-point plan to revitalise our economy and our emphasis is on manufacturing. This is expected to create jobs while developing industrialists who will MARKET OVERVIEW contribute immensely to our regional economy,” he said. The UIC began their journey when they approached the Industrial Development Corporation (IDC) with their business plan. Upon review of the business plan, the IDC called on UIC to prove the market by submitting orders, agreements and letters of intent from potential customers. “While this proved to be a challenge, the young professionals worked vigorously to win over a network of distributors through conducting extensive company visits until they met the requirement of the IDC.” “This is a story of courage and zeal, whose attitude should inspire young people of Ekurhuleni,” Masina added. The UIC currently employs 11 Ekurhuleni-based people but had undertaken to employ 221 full-time and 17 part-time employees to contribute to reducing unemployment, and creating jobs in Ekurhuleni. – Nampa/ANA Money Market Change Latest Selected NSX Stock 3 months 0.00% 7.34% Symbol Stock Name Spot % Move 6 months 0.00% 7.84% CGP CAPRICORN INVESTMENT GROUP 1800 8.22% 9 months -0.01% 8% NBS NAMIBIA BREWERIES LTD 3330 0.00% 12 months 0.00% 8.22% BVN BIDVEST NAMIBIA LTD 786 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4710 0.00% GC17 (R203 : 7.42%) 0.01% 8.09% ORY ORYX PROPERTIES LTD 2072 0.00% GC18 (R204 : 7.56%) 0.00% 8.47% NAM NAMIBIAN ASSET MANAGEMENT 72 0.00% GC21 (R208 : 7.88%) 0.05% 8.70% NHL NICTUS NAMIBIA 200 0.00% GC24 (R186 : 8.91%) 0.07% 10.13% BMN BANNERMAN RESOURCES LTD 28 -3.45% GC27 (R186 : 8.91%) 0.07% 10.52% DYL DEEP YELLOW LTD 285 1.79% GC30 (R2030 : 9.44%) 0.07% 11.11% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC32 (R213 : 9.51%) 0.07% 11.22% FSY FORSYS METALS CORP 144 5.11% GC35 (R209 : 9.76%) 0.08% 11.19% TUC TRUSTCO GROUP HOLDINGS LTD 425 -7.61% Commodities %Change Latest B2G B2GOLD CORP 3743 3.71% Gold -0.30% $ 1,223.31 Platinum -0.24% $ 908.14 Copper 0.00% $ 5,841.00 Brent Crude 1.19% $ 48.35 Main Indices %Change Latest NSX (Delayed) 0.00% 1032.17 JSE All Share -0.43% 52,257.76 SP500 0.15% 2,432.54 FTSE 100 -0.39% 7,339.11 Hangseng -0.22% 25,465.22 DAX -0.64% 12,373.75 JSE Sectors %Change Latest Financials 0.15% 14,663.77 Resources -0.27% 31,637.74 Industrials -0.92% 70,537.09 Forex %Change Latest N$/US dollar 0.48% 13.4520 N$/Pound 0.61% 17.4170 N$/Euro 0.89% 15.3358 US dollar/ Euro 0.42% 1.1400 Namibia Monthly Data Latest Previous Namibia Inflation (May 17) 6.3 6.7 Bank Prime 10.75 10.75 BoN Repo Rate 7.00 7.00 6-Jul-17 CONTACT: Sheldon Husselmann / Tel: 061-300 820 / Fax: 061–401 294 / email: urbangreen3@iway.na AND urbangreen@iway.na

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New Era Newspaper Vol 22 No 167

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