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New Era Newspaper Monday March 5, 2018

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10 Inside BUSINESS

10 Inside BUSINESS Monday, March 5 2018 | NEW ERA Nedbank opens branch at Dunes Mall in Walvis Bay REPUBLIC OF NAMIBIA OMUSATI REGIONAL COUNCIL NOTICE TO ALL SUPPIERS OF OMUSATI REGIONAL COUNCIL Due to the closing of the 2017/2018 Financial Year on 31 March 2018, Omusati Regional Council is hereby requestting all suppliers to submit outstanding invoices to the Council for Payment on or before 20 March 2018 at 17:00 Your cooperation in this regard will be highly appreciated. NOTICE Take notice that Barrie Watson, Town & Regional Planner intends applying to the Windhoek Municipal Council on behalf of the owner of Erf 1825, Windhoek Township, located at 104 Antonio Agostinho Neto Street (John Meinert Street), for: Rezoning of Erf 1825, Windhoek from “residential” with a density of 1 dwelling per 900 m² to “office” with a bulk of 0.4, and consent for additional residential bulk in line with Council policy, and consent to commence operations while the rezoning is in process. Erf 1825 is 1071,241 m² in extent. It is zoned “residential”. This present zoning permits the Erf to be used for one dwelling unit. Other erven in Windhoek West have already increased their development rights. The proposal is that the zoning of Erf 1825 be changed to “office” with a bulk of 0.4 so that a small office building of maximum floor area of 428.5 m² may be erected, plus consent for free residential bulk equivalent to half the office floor area. Municipal parking requirements will be met. Further take notice that the locality plan of the erf lies for inspection on the town planning notice board in the Customer Care Centre, Main Municipal Offices, Rev. Michael Scott Street, Windhoek. Further take notice that any person objecting to the proposed use of the land as set out above may lodge such objection together with the grounds thereof, with the Windhoek Municipal Council (Urban Planning Division, Box 59, Windhoek) and with the applicant in writing within 14 days of the last publication of this notice. Dated at Windhoek on this 26 th day of February, 2018. Barrie Watson TRP PO Box 9993, Windhoek Opening doors… Walvis Bay mayor Immanuel Wilfred, Adelheid Kandjala, special advisor to the governor of Erongo Region, and Nedbank executive for retail and business banking, Bertus Matthee, at the opening of the Nedbank Dunes Mall branch. Photo: Contributed Staff Reporter Windhoek Nedbank Namibia has expanded its reach in the Erongo Region with the opening of a new branch in the Dunes Mall shopping centre at Walvis Bay. Speaking at the official opening on Thursday evening, Nedbank executive for retail and business banking Bertus Hilaria Graig* from the expertise of a good the new UK research. A study from Royal London shows savers who received professional advice between 2001 and 2007 were on average £40,000 (nearly N0,000) better off than their unadvised peer by 2012 and 2014. vice over time. Nine out of ten people who received advice the group who only received a little bit of information were far better off than their unadvised peers. You don’t know what you don’t know When last did you check the stock market? Very few people worldwide have the knowledge and time to manage all term investment strategy. In fact, most us don’t even know what our risks are, hence the need for expert advice. Part of stay up to date with investment vehicles, insurance products, tax and retirement laws and economic trends. Even investment managers, who live this So when you get jittery about the falling dollar, downgrades or market ups and downs, a Matthee said the new Dunes Mall branch adds to the economic and development contribution Nedbank continues to make into Erongo. “The Walvis Bay Dunes Mall branch is especially special to the Nedbank brand, because of the investment we of the entire Dunes Mall development to the tune of half a billion Namibian dollars. The fact that we were good adviser will see the bigger picture and diversify your savings to ride the storm. Using their knowledge, training and experience, they can compile needs and savings goals. Save more and grow wealth dreams into reality. The research results show that people who take advice are likely to pension wealth, supported by increased savings and investing in equity assets, while those in retirement are likely to have more income, particularly at isn’t just there to hand you a your way. Financial advice is about improving the quality of choices. This is a continuous will change over time. Using a about their fees and reviews your portfolio at least once a year, will improve your change from year to year as new challenges and opportunities arise. A good adviser is a helps you do the right things and perhaps more importantly, helps you to avoid making Take care of tomorrow able to showcase the good that money can do when it is managed really well, has been nothing short of heartwarming. Similarly, we are overjoyed for the privilege of contributing to the economic progression of Walvis Bay, and by extension, to Erongo as a whole.” Adelheid Kandjala, special advisor to the governor of Erongo, who gave the keynote address at the occasion on behalf of Governor Cleophas There’s a saying that goes, “the future belongs to those who prepare for it today”. is fundamental in preparing for the future. Making the will serve you, your family and even the next generation. Obtaining good advice means your future is taken care of. Not only through proper retirement planning, but should a setback strike, such as a disability or cial provisions to mitigate its impact. Let’s say a 30-year-old professional with a young family is in a serious road accident on the way to work. He ends up disabled and can no longer work. Fortunately he has a disability cover, so he can afford medical care and still have funds available to pay for his children’s school fees. Now imagine the bleak picture if he planning, Worth the cost Some misconceptions still exist about the real cost of upfront commission and commission or fees earned on an annual basis, especially given the image of all costs over the full This prevents people from getting good advice, as they could then gravitate towards self-help products or, even worse, decide against saving altogether. Contrary to popu- Mutjavikua, applauded Nedbank Namibia for taking a bold step and expanding their presence in Walvis Bay. “Banks provide a valuable service, and our citizens should have access to safely put away their hard-earned money. Today’s opening is a lucrative opportunity for Nedbank Namibia to build on its solid reputation in the banking industry and join hands with the business sector in Erongo.” Hilaria Graig advisers are pretty affordable, vice should more than justify the costs. A good adviser will be transparent about costs, but it’s also your responsibility to make sure you understand how the fees are structured and what you’ll be paying at the outset. It’s for you Many people think they have too little money to require exactly why they do. Financial advice isn’t just relevant to those who are better off; it makes a real difference to the quality of life of people on all income levels, now and in retirement. *Hilaria Graig is the marketing and communications manager at Sanlam Namibia.

Monday, March 5 2018 | NEW ERA Inside BUSINESS 11 Top Score introduces new instant pap range Staff reporter Windhoek Top Score launched its brand-new range of four instant maize porridges, also known as instant pap. The new instant maize porridge will eliminate cooking maize meal while maintain taste, texture and the feeling of the traditionally prepared Top Score porridge. One just has to add hot water or milk to the instant pap and stir it up. can be enjoyed at a braai or with your dinner; and original that is sweetened along with banana and Prices for 500g instant porridge will range between N.99 and N.99 while the 1kg price is between N.99 and N.99 depending on the retailer, said Namib Mills spokesperson Ashante Manetti. Speaking at the launch, Namib Collard said that in many parts of Namibia maize meal is the single most important source of nutrition because it is eaten up to three times a day. “This new product can be prepared in just a few minutes,” he added. Collard said loyal Top Score meal – it is essentially maize meal or pap on the go. “Top Score instant maize porridge is a naturally high energy product that contains 99 percent a low fat, high energy, gluten-free easy to make. One simply has to add hot water or milk and stir it up.” He explained the maize meal is produced through a process called extrusion. He said it is the process whereby pure maize meal is extruded and then milled into a He said sugar, salt, colouring and minerals are then added ac- recipes to create instant maize porridge. Extrusion cooking offers manufacturing and from the prod- The commissioning of the plant ment. The instant maize porridge production plant is situated in employment opportunities. Options… Namib Mills spokesperson, Ashante Manetti, with the brand new range of instant maize porridge. NOTICE OF AN ENVIRONMENTAL IMPACT ASSESSMENT PROCESS Enviro Management Consultants Namibia has been appointed by Element Consulting Engineers (Pty) Ltd on behalf of the Roads Authority of Namibia to conduct an Environmental Impact Assessment and develop an Environmental Management Plan as required by the Environmental Management Act No 7 (2007) and the associated Environmental Regulations for the following project: INVESTIGATION FOR ROAD PRESERVATION AND REHABILTATION OF TR8/6: KONGOLA – KATIMA MULILO IN ZAMBEZI REGION The proposed project sets out to investigate the need for rehabilitation of this road between Kongola and Katima Mulilo and then identify the various options that might be available for the proposed rehabilitation actions. Take note that all Interested and Affected Parties (I&AP’s) are hereby invited to register in terms of the environmental assessment process and to give input, comments or opinions regarding the intended project. Stakeholder meetings will be held on the 12th March 2018 at the following times and venues: Katima Mulilo Town Council (KMTC) Chambers, Boma at 16:00. Please use the following contact person and details to register for the proposed project: Enviro Management Consultants Namibia Contact: Rian du Toit Fax: 088 626968 Email: MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months -0.01% 7.55% CGP CAPRICORN INVESTMENT GROUP L 1799 0.00% 9 months -0.02% 7.64% NBS NAMIBIA BREWERIES LTD 4350 0.00% 12 months -0.05% 7.88% BVN BIDVEST NAMIBIA LTD 780 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4655 0.00% GC18 (R204 : 6.53%) 0.02% 7.44% ORY ORYX PROPERTIES LTD 2040 0.00% GC21 (R208 : 7.05%) 0.02% 7.87% NAM NAMIBIAN ASSET MANAGEMENT LT 69 0.00% GC24 (R186 : 8.14%) 0.01% 9.36% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.14%) 0.01% 9.75% BMN BANNERMAN RESOURCES LTD 39 5.41% GC30 (R2030 : 8.59%) 0.02% 10.26% DYL DEEP YELLOW LTD 239 -2.85% GC32 (R213 : 8.69%) 0.02% 10.40% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 8.97%) 0.03% 10.40% FSY FORSYS METALS CORP 92 -4.17% GC37 (R2033 : 8.8%) 0.02% 10.80% TUC TRUSTCO GROUP HOLDINGS LTD 899 0.00% %Change Latest B2G B2GOLD CORP 3618 3.14% Gold 0.35% $ 1,321.70 Platinum -0.19% $ 964.60 Copper 0.00% $ 6,922.00 Brent Crude -1.08% $ 63.33 %Change Latest NSX (Delayed) -0.10% 1426.98 JSE All Share -0.71% 57,512.12 SP500 -1.33% 2,677.67 FTSE 100 -1.00% 7,103.90 Hangseng -1.48% 30,583.45 DAX -2.27% 11,914.75 %Change Latest Financials -0.39% 18,326.20 Resources -0.57% 34,577.87 Industrials -0.94% 75,387.08 %Change Latest N$/US dollar -0.07% 11.8836 N$/Pound 0.05% 16.3901 N$/Euro 0.30% 14.6247 US dollar/ Euro 0.32% 1.2306 Latest Previous Namibia Inflation (Jan 18) 3.6 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75

New Era

New Era Newspaper Vol 22 No 167