4 months ago

New Era Newspaper Monday November 6, 2017

  • Text
  • November
  • Windhoek
  • Namibia
  • Bids
  • Retirement
  • Swapo
  • Bidding
  • Kuli
  • Funds
  • Documents


8 Monday, November 6 2017 | NEW ERA Windhoek Festival strictly jazzy Pinehas Nakaziko Windhoek Photo: Contributed Mesmerising... Local saxophonist Suzy Eises gave a massive performance at the Windhoek Jazz Festival on Saturday. OTJINENE VILLAGE COUNCIL (OVC) PROCUREMENT MANAGEMENT UNIT Invitation for Open National Bids Procurement Reference No: W/ONB/OVC-04/2017 CONSTRUCTION OF MUNICIPAL INFRASTRUCTURE (GRAVEL ROAD AND ERF CONNECTIONS) – PHASE 7 1. Bids are invited from registered and competent Namibian Civil Engineering Contractors through Open National Bidding (ONB) procedures for Construction of Municipal Infrastructure (Gravel Road and Water and Sewer Erf Connections) in Otjinene. Preference will be given to SMEs. 2. Bid Documents are available for collection from Wednesday, 01 November 2017, after 12h00 at Otjinene Village Council, Procurement Department. 3. Interested Bidders can purchase a complete set of Bidding Documents at a non-refundable fee of N$ 2500.00 at Otjinene Village Council by cash. 4. A compulsory Pre-Bid meeting will be held on Wednesday, 15 November 2017 at 10:30am at the Otjinene Village Council Boardroom and followed by a Site Visit. 5. Bids must be enclosed in an envelope (clearly marked as indicated in Section 1- Instructions to Bidders) and delivered to Otjinene Village Council on or before Thursday, 30 November 2017 at 11h00am. A Bid-Securing Declaration must accompany all bids. Enquiries (Procurement) Mr. Engelhardt Kaahangoro Otjinene Village Council (OVC) Tel : +264 62 567 534 Email: Critics of this year’s Windhoek Jazz Festival who say it’s “not jazzy enough” with the selection of some non-jazz local artists were proven wrong, with allperforming artists going an extra mile to give their best: strictly jazz. back atmosphere. international artists headlining the festival and winded up the event by luring revelers into a state of ecstasy. With their energetic performances the band churned out some of their hit interact with the audience, joking with them. He also taught the crowd about dancing as a white and a black person. They went on to play some tracks from their new album and showed off their creative dance moves, which the audience absolutely loved. by going down memory line and performing some of his old songs, including Uthando, Ndiyagodola and Uthando, signing performance with classical jazz tunes when she opened the a truly impressive night for her. Not to forget Big Ben. He made sure the whole crowd was his new hits. Other local artists and bands that put on excellent Willeam Peterson. Enquiries (Technical) WCE Consulting Engineers Tel : +264 61 370 924 Photo: WireImage Going abroad… John Kani and Winston Ntshona during a performance of Sizwe Banzi Is Dead at Lyttelton Theatre in London, United Kingdom. Unam visual art graduates exhibit at NAGN Staff Reporter Windhoek John Kani joins Beyonce in Lion King remake is set to be one of them, alongside singer Beyoncé Knowles. is being conceived along the same lines as another recent remake, The Jungle Book, which also saw big names voicing photorealistic computergenerated animals. to bring this classic story to life,” said Favreau in a statement. Beyonce announced her role in a Facebook post that showed head Rice, and for its score by Hans Zimmer, plus two Grammy Awards, with or other entertainment title in history. – The Citizen gallery. This year the exhibition is also taking place at the Franco-Namibian Cultural NAGN were partnering in hosting the exhibition. Altogether 31 graduates are exhibiting their work across the two venues. and Visual Culture. by the students throughout the academic year. The students have been exploring various topics, such as identity, cultural norms and responding to social- economic issues in the society. This year the NAGN worked closely with the students and lecturers to create a vibrant and diverse exhibition that occupyies the foyer and main gallery at the NAGN, as well as the exhibition space at the FNCC. The the NAGN.

NEW ERA DBN ramps up SME Page 10 AIMS signs MOU with Flight Safety Training SA Page 11 INSIDE USINESS This news is your business Need to raise skills of retirement fund trustees – Schlettwein Edgar Brandt Windhoek Intervention is required to ensure that the trustees of retirements funds are equipped with the necessary skills to suitably guide and advise on the sustainability of these funds that have experienced exceptional growth of assets over the last few years. This was the message by Finance Minister Calle Schlettwein on Friday morning when he launched a book by Dr Manfred Zamuee, called ‘The Manual of Namibian Retirement Funds and Social Security’. “Furthermore, I am made to understand that the levels of skills and knowledge of trustees of retirement funds is inadequate. think intervention is required to empower trustees with knowledge and understanding of their duties and responsibilities. “More than just attendance of intermittent trustee training programmes, there must be a system of evaluation or standardisation to ensure adequate knowledge is achieved. “In this regard, NAMFISA (Namibia Financial Institutions Supervisory Authority) can play a leading role, but initiatives like this book will go a long way to legal and investment literacy for and statutory duties,” Schlettwein concluded. Retirement funds perform a social welfare role underwritten by social security and act as a stimulant for economic growth and developmental objectives through mainly deepening and broadening retirement funds can meaningfully impact serious national challenges by helping to alleviate poverty and unemployment. “Allow me to conjecture my delight at the fact that the title of book recognises the fact that occupational retirement funds and social security interact in a symbiotic relationship yoked together to achieve optimised retirement value. This underscores the statutory objective of retirement funds and a safety net for social protection,” said Schlettwein in an address read on his behalf by his executive assistant, Esau Mbako. Schlettwein noted that the longterm nature of retirement savings and phenomenal growth of assets over the years presents a perfect opportunity for retirement funds economic development through progressive investment policies. in, for example, the quantitative investment limits under Regulation 28 of the Pension Funds Act 24 of 1956, which seeks to mobilise local assets for local economic development. “I am happy therefore, to observe that many retirement funds have embraced the new investment universe for local unlisted investments and have opted for infrastructure investments as part of their broader investment strategy. “This is very encouraging indeed and bodes well for public-private partnerships espoused by the Namibian government. Dr Zamuee, I am also very happy that you have dealt with this important aspect in your book,” said Schlettwein. He went on to say at an individual member level, retirement funds play savings, since the majority of members do not have any other form of savings other than the accumulated values in their pension funds. “This makes it cardinal for rules of retirement funds to create a conducive environment for increased savings in order to offer members positive net replacement rates between pre-and post-retirement incomes. In this regard, the growing trend towards pre-retirement cash withdrawals must be discouraged since it further dilutes the retirement values of members. “The more money stays in the retirement system, the better it is for retiring members. This is also important considering the legal protection offered to retirement Funds Act,” Schlettwein explained. Dr Zamuee’s book points out various available income tax incentives for the preservation of retirement benefits and members of retirement funds have been encouraged to make use of these incentives and protect the accumulated values of their pensions during pre-retirement occupational mobility. be a critical consideration in the management of retirement funds and hence member and employer contributions should not be unduly compromised by administration and other management costs. The focus must always be achievement of a retirement safety net for members noted. Photo: Contributed WINDHOEK The City of Windhoek Council has approved the availing of land near Cimbebasia for the development of solar photovoltaic (PV) plant. The land situated south of the residential area will be used to generate solar energy as part of the City’s objectives to become less reliant on national power utility NamPower as the sole bulk supplier of electricity. It will then be availed to independent power producers (IPP) through lease agreements. “This land was proposed close to the City’s 66 kilovolt (kV) electricity lines for integration purposes into the electricity grid,” the council said in its agenda for a council meeting held Tuesday. It also said the land is close to the electricity power line thus tremendously reducing integration cost into the electricity grid, resulting in more favourable electricity tariffs to council. Windhoek Councillor Ian Subasubani explained to the council during a council meeting on Tuesday that the land would not be sold because it was above an aquifer. It could therefore instead be used for solar plants, which will not contaminate the underground water, he said. Acting strategic executive for assured council that there would be no risk of pollution emanating from such plant. The City has developed a Renewable Energy Policy, which advocates for council to have the solar plants with at least 30 percent shares. It would then avail land or equity as capital contribution to the development of the plant. The policy advocates for a per IPP due to the huge capital costs associated with a larger plant and to encourage more IPP participation. In terms of the current land required, two hectares of land can accommodate a Solar PV plant producing one plant will require about 10 hectares of land. – Nampa

New Era

New Era Newspaper Vol 22 No 167