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New Era Newspaper Monday October 02, 2017

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10 Inside BUSINESS

10 Inside BUSINESS Monday, October 02 2017 | NEW ERA NCCI calls for improved access to businesses for the disabled GOBABIS The Gobabis chapter of the Namibia Chamber of Commerce and Industry (NCCI), has called on local businesses to make their premises easily accessible to people with disabilities. The NCCI Omaheke’s Paul Dunaiski, in a media statement issued on Saturday, said many businesses in the Omaheke Region are not designed to be accessible to people living with disabilities. The institution noted that while the region has a significantly high number of people living with disabilities, they struggle daily to access businesses. “It is no secret that people with disabilities are being discriminated against in Omaheke Region, especially to get access to both public and private of- Dunaiski also implored business people in the region to make it a point to employ people living with disabilities who have the necessary skills and expertise needed for their undertakings. “We must start a public campaign to make all relevant parties aware VACANCY Executive Administrator at British American Tobacco Namibia Location: Windhoek, Appointment Type: Permanent Job purpose and key deliverables The role holder will provide high level executive assistant support to the BAT Namibia Country Manager and will management services, which may range from managing travel itinerary for the Country Manager, Trade Marketing Essential requirements: Desirable requirements: Ability to be assertive when needed Outstanding interpersonal skills with the ability to liaise effectively at all levels Excellent performer under pressure to meet deadlines A self-starter who shows initiative and develop improvements on tasks affecting the scope of responsibility Timeous and accurate completion of tasks Demonstrates a willingness to learn Understands own role and responsibilities and its wider impact on departments and company Working at BAT: To apply for this position, please log on to Closing date: 10 October 2017 that people with disabilities are also entitled to be treated like able [bodied] people,” he said. He said people living with disabilities deserve to be selfemployed and to have other forms of business opportunities, such as access to mining licences and fishing quotas to improve their livelihoods. The National Disability Council of Namibia, in conjunction with the Namibia University of Science and Technology (NUST), on Friday launched an entrepreneurship training programme for people living with disabilities. ly supported by the Nam- Power Foundation and Development Bank of Namibia. A total of 1,619 trainees operating a business or with a business idea will be trained. The 2011 National Census placed the number of people living with disabilities in the country at 98,413. - Nampa Fuel prices to remain unchanged in October Staff Reporter Windhoek Local fuel prices for October will remain unchanged to remain below the N per litre level, mainly because the National Energy Fund (NEF), which is mandated to equalise these prices with income generated from the NEF Equalisation Levy, will absorb all under-recoveries recorded on both petrol and diesel in September. “Over N million is expected to be paid to fuel importers as a result of not increasing the fuel prices. As we may know, the oil price is the cornerstone of the global economy and the fuel price is not just a cost to motorists at the pumps but also a cost factor in numerous other items, from the food on our tables to OHANGWENA REGIONAL COUNCIL PROCUREMENT COMMITTEE INVITATION FOR ANNUAL BID BIDDERS ARE HEREBY INVITED TO APPLY FOR THE FOLLOWING ANNUAL BIDS IN OHANGWENA REGION: 1. BID NUMBER: DESCRIPTION: 2. BID NUMBER: DESCRIPTION: CLOSING DATE: BID DOCUMENTS: LEVY: PLEASE NOTE: CONTACT PERSONS: DELIVERY ADDRESS: A10/ 1-37 /2017- OHANGWENA REGION CIVIL AND STRUCTURAL MAINTENANCE, RENOVATIONS, REPAIRS AND MINOR NEW WORKS AT GOVERNMENT BUILDINGS A10 /1-19 /2017- OHANGWENA REGION MAINTENANCE, RENOVATIONS, REPAIRS AND MINOR NEW WORKS ON LOW TENSION INSTALLATION FOR GOVERNMENT BUILDINGS. AT 11H00 DAY, BER 2017 AVALABLE AS FROM BER 2017 ONLY CASH PAYMENT ACCEPTABLE AT OHANGWENA REGIONAL COUNCIL MR. A MUFETI (TECHNICAL) TEL: +264 65 – 208401 MR. E I HAIMBILI (ADMINISTRATIVE) TEL: +264 65 - 264300 on Friday. some level of growth, the demand for energy was given a boost in the month of September. This, he said, was against a global supply put under pressure by the damage in the US shale output and the recent OPEC production cut agreement in Vienna. “As a result, global crude oil prices somewhat picked up, hovering above US throughout the month of September. The exchange rate between the Namibia dollar against the US dollar did not help the situation. It is still high, explained. DIRECTLY INTO THE BID BOX AVAILABLE AT OHANGWENA REGIONAL COUNCIL Skills… Trainees of a newly launched Namibia Disability Council Entrepreneurship Training Programme are pictured here with Deputy Minister for Disability Affairs, Alexis Manombe-Ncube (centre), and Photo: Nampa

Monday, September 18 2017| NEW ERA Inside BUSINESS 11 South African Airways fast becoming national liability - Inkatha Freedom Party CAPE TOWN The culture of open ended bailouts by the South African government for troubled national airline South African Airways (SAA) despite haviour is the very reason why this state-owned enterprise (SoE) is collapsing, opposition Inkatha Freedom Party said on Saturday. SAA was fast becoming a national liability, IFP spokesman Mkhuleko Hlengwa said. “The IFP considers the decision by National Treasury to provide an emergency bailout to South African Airways in an attempt to avoid a default in debt repayments as wrong and purely bad business practice in all material respects. “The culture of open ended bailouts being provided to SAA in the absence of change in business behaviour is the very reason why this stateowned entity is collapsing,” he said. The IFP believed that National Treasury was ill-advised to continuously in a willy-nilly fashion were essentially non-financial problems at SAA. The fundamental was a pure lack of leadership and an absence of strategic direction. SAA had a rogue culture of reckless spending which was a perpetual IFP was concerned that the prevailing culture of blank cheques “will be the very bane of SAA”, he said. “The IFP accordingly calls for the disbandment of the current board and the recusal of the current management and for a business rescue intervention process to be set into motion; and among other aspects for this process to begin the rationalisation of routes and institute major cuts in at the national carrier where wants currently supersede needs. SAA is a national asset which is fast becoming a national liability,” Hlengwa said. On Friday, the government approved the transfer of R3 billion in funds from the National Revenue Fund (NRF) to SAA to allow the airline to meet its debt obligations to Citibank and avoid a default. SAA has to meet its repayment obligations on a Citibank loan amounting to R6.8 billion.Citibank demanded R1.8 billion by the end of September. This is happening while SAA wrestles with the prospect of being unable to pay salaries because of a severe cash crunch. National Treasury said in a statement that a default by the airline on the R3 billion payment due would have trig- totalling R16.4 billion, leading to an resulting in elevated perceptions guaranteed debt.- Nampa/ANA Saftu angered by latest South African employment statistics JOHANNESBURG The South African Federation of Trade Unions (Saftu) is outraged at the lat- quarterly employment survey, which reveal a loss of 34,000 jobs in the second quarter of 2017, the union federation said on Saturday. “The federation is not, however, surprised, as we have been predicting that further job losses were inevitable, given the current economic catastrophe, the ratings agency downgrades, the stagnation of economic growth, the ongoing looting of the economy, and the bankrupting of state-owned enterprises,” Saftu said in a statement. There was a small increase in jobs in trade and, surprisingly, mining, despite the thousands of retrenchment notices issued by mining employers in recent months, which meant there was sure to be a drop in mining employment when the Most alarming in the second-quarter statistics was that the biggest job losses were 13,000 in the manufacturing industry and 11,000 in construction, both key sectors which needed to thrive if the economy was to be rebuilt. country was being “rapidly deindustrialised and reverting back to the colonial day” cheaply to be used in manufacturing industries elsewhere, and imported back to South Africa as manufactured products, Saftu said. “This is leading to a long-term, if not permanent, collapse in the economy. This in turn will increase the levels of poverty and inequality, which are already the highest in the world. It will also lead austerity cuts in the already low levels of government spending on education, health, and other vital services to communities. “Inevitably, therefore we shall see more community protests which will become increasingly angry and frequently violent. These protests will be joined by employed workers whose living standards are also under attack, survey which revealed that total earnings paid to employees declined by R2 billion to R586 billion in the 2nd quarter,” Saftu said. in the number of jobs and the increasing number of remaining jobs being outsourced or casualised, the continued use of labour brokers, and the undermining of centralised collective bargaining, all of which MARKET OVERVIEW Change Latest 3 months 0.00% 6.99% 6 months 0.00% 7.41% CGP CAPRICORN INVESTMENT GROUP L 1818 0.33% 9 months -0.01% 7.58% NBS NAMIBIA BREWERIES LTD 3725 0.00% 12 months -0.02% 7.78% BVN BIDVEST NAMIBIA LTD 786 -0.13% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4676 0.00% GC18 (R204 : 6.96%) -0.06% 7.87% ORY ORYX PROPERTIES LTD 2065 0.00% GC21 (R208 : 7.49%) -0.07% 8.31% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 8.56%) -0.07% 9.78% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.56%) -0.07% 10.17% BMN BANNERMAN RESOURCES LTD 36 0.00% GC30 (R2030 : 9.11%) -0.06% 10.78% DYL DEEP YELLOW LTD 222 -0.45% GC32 (R213 : 9.19%) -0.06% 10.90% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.48%) -0.06% 10.91% FSY FORSYS METALS CORP 141 0.00% GC37 (R2033 : 9.34%) -0.06% 11.34% TUC TRUSTCO GROUP HOLDINGS LTD 500 0.00% %Change Latest B2G B2GOLD CORP 3789 0.53% Gold -0.06% $ 1,286.51 Platinum -0.45% $ 920.76 Copper 0.00% $ 6,522.00 Brent Crude -0.26% $ 57.21 %Change Latest NSX (Delayed) 0.28% 1116.58 JSE All Share 1.09% 55,596.07 SP500 0.12% 2,510.06 FTSE 100 0.60% 7,366.65 Hangseng 0.48% 27,554.30 DAX 0.38% 12,752.58 %Change Latest Financials 0.80% 15,132.73 Resources 1.02% 35,042.31 Industrials 1.29% 75,727.22 %Change Latest N$/US dollar 0.01% 13.5157 N$/Pound -0.43% 18.0905 N$/Euro 0.17% 15.9586 US dollar/ Euro 0.18% 1.1807 Latest Previous Namibia Inflation (Aug 17) 5.4 5.5 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 made it harder for workers to organise to defend, let along increase, their wages. All of this led to more and more low-paid and insecure jobs and a rise in the size of the informal sector of marginalised and vulnerable workers struggling to survive on whatever odd amounts they could scrape together as car-guards, paper and plastic recycling, “illegal” mining, or even begging on street corners, Saftu said. - Nampa/ANA

New Era

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