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New Era Newspaper Thursday February 22, 2018

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10 Inside BUSINESS

10 Inside BUSINESS Thursday, February 22 2018 | NEW ERA The mission of NamWater is to provide quality water and related services to the satisfaction of all stakeholders, taking cognisance of the environment, scarcity and dependency of all on water. VACANCY NamWater is an equal opportunity employer. Oshakati, Namibia (CUVECOM Host Country) March/April 2018 of the potential candidate. The Governments of Angola (Ministry of Energy and Water, through Cunene, Cubango and Cuvelai River Basin Authority - GABHIC) and Namibia (Ministry of Agriculture, Water and Forestry) invites activities of CUVECOM Annual Work Program as approved by CUVECOM Technical Committee (CUVETEC) and CUVECOM Council of Ministers. legislations in the basin states country. Oshakati, Namibia (CUVECOM Host Country) of the potential candidate. The Governments of Angola (Ministry of Energy and Water, through Cunene, Cubango and Cuvelai River Basin Authority - GABHIC) and Namibia (Ministry of Agriculture, Water and Forestry) invites activities of CUVECOM Annual Work Program as approved by CUVECOM Technical Committee (CUVETEC) and CUVECOM Council of Ministers. on individual performance on behalf of CUVECOM. In addition the Finance & Administration Manager has oversight over the administration activities and provides required guidance and regular reporting to the CUVETEC. NO FAXES OR E-MAIL WILL BE ACCEPTED Interest rates remain flat Staff Reporter Windhoek In line with the FNB Namibia view, interest rates remain unchanged as announced last week by the Bank of Namibia’s Monetary Policy Committee. Daniel Kavishe, Market Research Manager at FNB Namibia, explains: “As a policy tool across the world, interest rates remain central banks’ main lever to impact monetary policy within a given country. Theoretically, is increasing at an unstable rate and if credit appetite is too high. Conversely, they will lower interest rates to stimulate borrowing, which will increase spending, investment and boost growth. Central banks can also keep rates unchanged as they observe the behaviour of their current policy in action.” Kavishe advised that Namibia’s case followed a similar pattern but added that the country is also unique as it forms part of a greater monetary policy area (Common Monetary Area). “This means our central bank; Bank of Namibia tends to monitor general movements of interest rates within the area.” Kavishe highlighted some of the factors that the Bank of Namibia considered in its latest decision. In terms of growth, BoN expects it to recover over the course of this year to 2.2 percent but because several indicators gathers steam. Meanwhile, private sector credit extension (PSCE) growth to businesses African rand and, as such, made it unnecessary for BoN to hike interest rates. “Going forward we can expect monetary policy to track global and regionally interest rates, remaining as accommodative as possible in order to stimulate growth.” Bank Windhoek invites entrepreneurs Staff Reporter Windhoek Economic indicators are all pointing to a challenging year ahead in terms of the Namibian economy. Nevertheless, there is light at the end of the tunnel and that light is entrepreneurship. “The challenges currently faced by the Namibian economy may cause many to react with uncertainty. Entrepreneurs, however, are those people who are skilled at adapting and being resilient. It is especially during times such as these that entrepreneurs should step forward with new, different and innovative ideas. Regardless of the current challenges, entrepreneurs with that mindset will be successful and will position their businesses optimally for when our economy recovers. This attitude takes a lot of character,” said Entrepreneurship requires initiative and taking risks, but often the end of the journey yields high reward. Bank Windhoek’s ESME Finance Branch believes that there are Namibians who are willing to step up and be counted as contributors to the country’s economic growth. The bank is calling on aspiring and established entrepreneurs to approach the ESME department with their business plans and request funding to either start their businesses or expand or diversify their existing business portfolios. The process of proposal evaluation and SME loan applications is quick and service delivery is of the highest standard at Bank Windhoek’s ESME Finance Branch. on responsible lending principles. We do not only provide loans, but also business mentorship to selected Bank Windhoek SME loan applicants to ensure that they acquire the necessary skills and support to run their business “Bank Windhoek is committed to being a catalyst of sustainable opportunities for the growth of Namibia’s economy, especially amongst women and the youth with viable business ideas. The vision of Bank Windhoek’s ESME Finance Branch is to see an increasing number of emerging, small and medium enterprises growing into sustainable businesses, creating

Thursday, February 22 2018 | NEW ERA Inside BUSINESS 11 Ministry working on banning plastic bags WINDHOEK The Minister of Environment and Tourism, Pohamba Shifeta, has hinted that plastic bag use may be banned in Namibia in the next two years. Speaking at the MET (Ministry of Environment and Tourism) annual staff meeting on Tuesday, Shifeta said plastic use was becoming a serious environmental hazard and the ministry was working on completely banning plastic bags in Namibia. “Plastic bags in this country will not be forever. Within the next two years, we want something different because plastic is not good to our environment … so we are already working on that,” said Shifeta. He urged local industry to start thinking about alternatives, further noting that should plastic bags be banned, those entering Namibia would leave their bags at their point of entry. “Banning of plastic is done in other countries, why not in Namibia?” he asked. Shifeta also called for stricter measures for littering, particularly of plastic, as it is perpetuating damage to the environment. Another irking issue for MET, he noted, is the lack of understanding of the Environmental Management Act, by local and traditional authorities. A great concern is the demarcation of dumping sites by these authorities without inspection by the en- and their declaration by MET. “Any dumping site that is not declared, is illegal. Many of them are not declared. Many local authorities, whether its towns, municipalities, village councils or settlements, many of them are not declared,” stressed the minister. He called for action to be taken to ensure that dumping sites do not pose a danger to both humans and the environment. Other issues of concern, he added, are illegal sand mining, humanwildlife conflict, poaching of endangered species and attacks on tourists. – Nampa Trustco Properties unveils serviced land in Ondangwa Foresight… The Ondangwa development land was purchased by Trustco Properties in 2011 with the sole aim of alleviating the housing crisis. The development spans 130,103 m2, allowing for an abundance of housing opportunities. Photo: Contributed Staff Reporter Windhoek Trustco Properties has confirmed the availability of fully serviced land at the prestigious Ombala Estates, situated in Ondangwa. The individual properties are as large as 597m2 for single residential use with additional expansions allowed for future development. The estate also boasts land earmarked for light industrial, general residential, business and commercial uses, ensuring growth in the region. On Saturday, February 24, Trustco Properties will host an open day at Ombala Estates in Ondangwa that will allow potential buyers to view the estate, obtain life cover with Trustco 4 Life and apply for a home loan with Trustco Bank Namibia, all in one setting. The day will also see a jumping castle for children while developers on site will assist to discuss plans and construction needs. The event will include representatives of Trustco Properties, Trustco 4 Life and Trustco Bank Namibia assisting with home ownership, from purchasing the land to building a home. First time homeowners are encouraged to take advantage as no deposit will be required for pre-approved clients. Ombala Estates is centrally situated in Ondangwa, and all erven are next to tarred roads with state-of-theart water drainage systems, as well as 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 and enticing Namibians to own a home. This development spans 130,103 m2, allowing for an abundance of housing opportunities. Trustco Properties is a subsidiary of Trustco Group Holdings, and boasts being a powerhouse in the property industry with developments such as Elisenheim Lifestyle Estate, Farm Herboth and Lafrenz Industrial Park. MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months -0.01% 7.56% CGP CAPRICORN INVESTMENT GROUP L 1802 0.00% 9 months 0.00% 7.64% NBS NAMIBIA BREWERIES LTD 4499 0.00% 12 months 0.00% 7.89% BVN BIDVEST NAMIBIA LTD 784 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4660 0.00% GC18 (R204 : 6.85%) -0.02% 7.76% ORY ORYX PROPERTIES LTD 2040 0.00% GC21 (R208 : 7%) -0.02% 7.82% NAM NAMIBIAN ASSET MANAGEMENT LT 69 0.00% GC24 (R186 : 8.07%) -0.02% 9.29% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.07%) -0.02% 9.68% BMN BANNERMAN RESOURCES LTD 39 -4.88% GC30 (R2030 : 8.52%) -0.03% 10.19% DYL DEEP YELLOW LTD 235 -4.08% GC32 (R213 : 8.61%) -0.03% 10.32% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 8.92%) -0.03% 10.35% FSY FORSYS METALS CORP 106 -4.50% GC37 (R2033 : 8.73%) -0.02% 10.73% TUC TRUSTCO GROUP HOLDINGS LTD 949 0.00% %Change Latest B2G B2GOLD CORP 3346 -1.76% Gold -0.02% $ 1,328.97 Platinum -0.41% $ 996.02 Copper 0.00% $ 7,090.00 Brent Crude -0.74% $ 64.38 %Change Latest NSX (Delayed) -0.17% 1408.04 JSE All Share 0.06% 57,964.23 SP500 -0.58% 2,716.26 FTSE 100 -0.23% 7,230.07 Hangseng 1.81% 31,431.89 DAX -0.57% 12,416.70 %Change Latest Financials -0.44% 18,123.59 Resources -0.30% 35,431.54 Industrials 0.56% 76,241.48 %Change Latest N$/US dollar 0.06% 11.7361 N$/Pound -0.29% 16.3654 N$/Euro -0.07% 14.4616 US dollar/ Euro -0.12% 1.2322 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