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New Era Newspaper Monday November 20, 2017

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10 Inside BUSINESS

10 Inside BUSINESS Monday, November 20 2017 | NEW ERA amibia, China sign grant id, donation agreements Staff Reporter Windhoek Vice Minister of Commerce of China Qian Keming and Namibia’s Deputy Minister of Economic Planning Lucia Iipumbu signed an agreement aimed at financing the dual carriageway to Hosea Kutako International (HKI) Airport and another agreement in support of wildlife protection equipment. The Chinese government provided the Namibian government a grant aid about N0 million for the HKI airport road, while the second agreement for the donation of wildlife protection equipment is valued at N million. Speaking at the occasion, Iipumbu said Namibia is committed to securing funds for the remaining gap along the HKI road and is appreciative of the extended grant. She further indicated that the donation to wildlife protection came at an opportune time when the country is fighting poaching by every means available to prevent ongoing poaching activities, which are likely to negatively affect the tourism industry. Qian Keming said Namibia remains a good partner of China and that he was personally happy about the beautiful infrastructure and good governance capacity of Namibia. Both sides agreed to further strength the bilateral economic and trade cooperation between the two governments. New agreement… Deputy Minister of Economic Planning Lucia Iipumbu (left) and Vice Minister of Commerce of China Qian Keming, at the signing ceremony. Photo: Contributed Partners in education… General manager of public and corporate support Evans Simataa (left) and owner of Troga Optical Namibia Jana Kotze after signing an MoU, which will see the two companies come together on a social responsibility project known as the Sanlam Vision for Change. The project aims to assist government and specifically the ministries of education and the health in their effort to provide quality education and quality health services to all Namibian children. The project started on Friday at three schools, namely Jan Jonker Afrikaner Secondary School, Hage G. Geingob High School and Windhoek High School. Photo: Contributed MEDIA RELEASE DATE: 13 November 2017 VACANCY Retail Bank Manager: Operations Department: Savings Bank Division: Operations Office: Windhoek Vision: To always be the best at what we do! COLLECTION OF APPROVED PETROLEUM CERTIFICATES AND LICENCES The Ministry of Mines and Energy has during the implementation of the new Petroleum Products Regulations, 2000 noticed that many licences/ certificate applicants are not collecting their licences and certificate once issued. Therefore, all applicants are herewith informed that all issued licences/certificates must be collected from MME within 60 days from date of this notification to ensure legal approval for the operation of a fuel outlet. Failure to collect licences/certificate within the above-mentioned period will result in involuntary cancellation of your licence. Primary purpose of position To plan, organise, direct and control NamPost Savings Bank’s operations. Closing Date: 24 November 2017 For further information on this vacancy please visit our website: www.nampost.com.na We Deliver More. Furthermore, please take note that a licence must be displayed at a visible place within reach to our Inspectors at the premises of the business. Operators not in possession of such licence/certificate will be deemed trading illegally and may lose their rights to operate. FOR MORE INFORMATION KINDLY CONTACT: Ms. Codla C. Tjingovera Tel: (061) 284 8271 Mr. Tupa Iyambo Tel: (061) 284 8300 REPUBLIC OF NAMIBIA MINISTRY OF WORKS AND TRANSPORT NOTICE BOARD - NAMIBIA CIVIL AVIATION AUTHORITY Subdivision: Aviation Security Section: Administration Post Designation: Senior Administrative Officer Post Grade: 10 Salary scale: N7,485.00 – N6,895.00 Transport allowance: N,680.00 per annum Housing allowance: N,464.00 per annum Other benefits: pension, medical aid, social security, etc. 1x Post: Windhoek Minimum Appointment Requirements: An appropriate National Diploma or Equivalent qualification (NQF Level 6) plus 1 year appropriate experience OR Grade 12 Certificate (NQF Level 3) plus 3 years appropriate experience. Additional Requirements: Computer literacy and a valid driver’s license Applications on form 156043 and form 156094 including comprehensive curriculum vitae, certified copies of identity documents and educational qualification must be forwarded to the following address: The Permanent Secretary Ministry of Works and Transport, Private Bag 13341, WINDHOEK CLOSING DATE: 24 November 2017 ENQUIRIES: Ms. W. Mueller –(061)–702201 / Mrs. M. Tibinyane – (061) – 702161

Monday, November 20 2017 | NEW ERA Inside BUSINESS 11 Esau warns fishing rights holders who do not invest locally WALVIS BAY The management of Embwinda Fishing company is optimistic that the company has a good future which will contribute to the economic development of the country. This was said by the company’s chief executive officer, Jose Reyero, at the official launch of the company at Walvis Bay on Thursday in the presence of Fisheries and Marine Resources Minister Bernhardt Esau. After bringing together investment partners, such as Cadilu, Ompagona, Ekikimbo, Aluta, Semoy and Namboty, to form Embwinda (which is comprised of 83 percent Namibian entities), their operations started in November 2015. They have assets, including six vessels and a landbased processing factory worth N$200 million. “Productivity has increased tremendously in the last years. We also introduced incentives to our employees who work hard,” said Reyero. Embwinda currently employs 1,035 people, with 1,028 being Namibians and it is planning to establish another factory in the next two years. “We might be young but we have a strong foundation, which is significant to the success of any company,” Reyero said. Chairperson of the board of Embwinda’s directors Sara Katiti said the company will continue to contribute to economic advancement, marine conservation, value addition and corporate social responsibility. “Our message will always remain that these resources should benefit all Namibians,” Katiti said. Esau lauded the company for having set up a landbased factory, which adds value to the products and employs Namibians. He said government’s aim is to ensure the natural resources benefit all Namibians and all fishing right holders are obliged to do help in that. He added that there is no future for right holders who do not make investments to empower citizens and grow the local economy. “We are already assessing the right holders. It will be tough luck for those who do not invest, because we will not give them sufficient fishing quotas,” Esau warned. – Nampa Sara Katiti Photo: Nampa HENTIES BAY About 50 employees of a Chinese company, Zhong Mei Engineering, sleep on wooden beds without matrasses at the employment camp in Henties Bay. The employees are part of the 300 workers tarring the 90-kilometre gravel road between Swakopmund through Henties Bay to Uis. The issue came to light on Friday when Works and Transport Minister Alpheus !Naruseb visited the camp and inspected the project. When asked why they allow workers to sleep without mattresses, employers responded that they did not think there ewas anything wrong with it. “The labour law did not say anything about how decent the accommodation should be, so we did what we think is best,” said one of the seniors who would not provide his name. MARKET OVERVIEW Money Market Change Latest Selected NSX Stock 3 months 0.01% 7.08% Symbol Stock Name Spot % Move 6 months 0.00% 7.66% CGP CAPRICORN INVESTMENT GROUP L 1810 -0.06% 9 months -0.02% 7.93% NBS NAMIBIA BREWERIES LTD 3751 0.03% 12 months -0.03% 8.26% BVN BIDVEST NAMIBIA LTD 785 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4670 0.00% GC18 (R204 : 7.66%) -0.04% 8.57% ORY ORYX PROPERTIES LTD 2060 0.00% GC21 (R208 : 8.22%) -0.06% 9.04% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 9.28%) -0.06% 10.50% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 9.28%) -0.06% 10.89% BMN BANNERMAN RESOURCES LTD 49 -2.00% GC30 (R2030 : 9.77%) -0.06% 11.44% DYL DEEP YELLOW LTD 273 8.76% GC32 (R213 : 9.84%) -0.06% 11.55% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 10.09%) -0.05% 11.52% FSY FORSYS METALS CORP 144 -1.37% GC37 (R2033 : 9.95%) -0.06% 11.95% TUC TRUSTCO GROUP HOLDINGS LTD 510 0.00% Commodities %Change Latest B2G B2GOLD CORP 3824 1.27% Gold 0.36% $ 1,283.22 Platinum 0.58% $ 938.80 Copper 0.00% $ 6,737.00 Brent Crude 1.16% $ 61.77 Main Indices %Change Latest NSX (Delayed) -0.11% 1171.88 JSE All Share 0.91% 60,092.50 SP500 0.82% 2,585.64 FTSE 100 0.20% 7,401.79 Hangseng 0.62% 29,199.04 DAX 0.10% 13,060.17 JSE Sectors %Change Latest Financials 0.81% 15,768.13 Resources -0.90% 37,185.44 Industrials 1.74% 84,732.08 Forex %Change Latest N$/US dollar -1.30% 13.9727 N$/Pound -1.19% 18.4556 N$/Euro -1.07% 16.4843 US dollar/ Euro 0.23% 1.1797 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 !Naruseb said such accommodation was not acceptable and ordered the employers to rectify the matter immediately “We will buy mattresses even tomorrow, we just overlooked it but now we know it was wrong,” said the same manager. The minister said employees deserve decent accommodation in order to work properly. Apart from beds, the rest of the camp has proper services, such as showers and flushing toilets for both men and women. The minister also questioned why only a few people from Henties Bay were employed in the project. “I asked where these brothers came from and they mention places far from Henties Bay, such as Opuwo and Ohangwena, what happened to the locals?” he asked project manager Johannes van Niekerk. He said government projects aim to empower the locals, but do not lock out the rest of the citizens. !Naruseb Eagle-eyed… Minister of Works and Transport Alpheus !Naruseb greets construction workers during an inspection of work on the Swakopmund- Uis road, which is being upgraded to bitumen standard. Photo: Nampa Zhong Mei reprimanded over workers’ living conditions said the idea was to employ at least 70 percent of the people from the area, where the project is based and the rest can come from anywhere in Namibia, with experts being imported when there are none available locally. Van Niekerk said he employed from a list provided by regional councillors through the Office of the Governor. Arandis and Henties Bay Councillor Benitha Imbamba said she tried to contact the project manager on various occasions but failed because he was never available. “I am glad the minister is here to assist me. As politicians we promise people jobs and now a project comes but we cannot get them employed.” Van Niekerk promised that he will ensure more people from the area are employed in the next phase or whenever vacancies occur. The first phase of the three phase road project is expected to be completed in 2019. – Nampa 17-Nov-17

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New Era Newspaper Vol 22 No 167

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Kundana