3 months ago

New Era Newspaper Thursday January 4, 2018

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  • Namibia
  • Nampa
  • January
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  • African
  • Namibian
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  • Lubowski
  • Windhoek
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8 NEWS Thursday, January 4 2018 | NEW ERA Fire destroys cuca shop in Katutura Katutura attracting a crowd. 8 WINDHOEK suspected to have been caused by an electrical fault in Windhoek’s Katutura residential area on Monday, January 1. The cuca shop, attached to a two-bedroom house in Dolam, was completely destroyed. Fire station commander George Jesaya told Nampa they suspect that an electrical malfunction caused “There was smoke coming from the freezer. The property was closed He added that his team managed the main house and other residences. Jesaya however complained that people crowding around the to do their job. “We had to struggle with crowd he said. He said people, including children, crowded around the cuca shop and tried to see the inside of the shop. There was no one in the cuca no casualties were reported. Jesaya advised members of the public to switch off electrical appliances before going on holiday and to make sure they have someone looking after their property in their absence. – Nampa Disabled man dies Rehoboth WINDHOEK A disabled man allegedly burned to death while three minor children escaped unharmed when their house burned down at Rehoboth on Saturday. Namibian Police Force (NamPol) spokesperson Chief Inspector Kauna Shikwambi said in the weekend crime report issued on Monday that the incident occurred at around 10h00 at a residence in the Block B residential area. The crime report said the children’s mother allegedly left them at home with the disabled man and went to visit her sister, who lives nearby. The woman however returned to the house moments later after she Shikwambi said indications are the man was sleeping in. “The children escaped unhurt but unfortunately Mario Donwell Ri- Meanwhile, the lifeless body of 53-year-old Wilhelm Andreas was discovered at Iihongo village in the Oshikoto Region on Friday. The deceased allegedly left home with the intention to go to the shops at Ondangwa. He however collapsed about 500 metres from his homestead. His body was discovered by his brother. A post-mortem will be conducted to determine the cause of death. Meanwhile, the lifeless body of another man was found lying next to a tree at Uutha village in the Onyuulaye area on Friday at around 18h50. Andreas Shilemba, 49, allegedly left his home at around 07h00 on the same day to cut poles for his homestead in nearby bushes. However, family members decided to look for him after he failed to return home and discovered his body. A post-mortem will be conducted to determine the cause of death. In the //Kharas Region, the body of a 31-year-old man was found partially eaten by jackals in a park Oranjemund on Sunday. The deceased, identified as Salatiel Kushinga, allegedly fell The incident occurred between 04h00 and 06h30. His next of kin have been informed. The police also reported that the decomposed body of an unknown Oas farm near Uis by two men who were searching for goats on Sunday. The deceased was last seen on December 2, 2017 at around 09h00 while herding goats. His next of kin were not yet been informed and no foul play is suspected. – Nampa

NEW ERA Women shaping Botswana’s new economy Page 11 Top Canadian CEOs made more than 200 times average worker: study Page 12 INSIDE BUSINESS This news is your business as dollar woes continue JOHANNESBURG South Africa’s rand was little day of 2018, giving up earlier gains in late trade after it was buoyed by improved sentiment for emerging currencies and a sluggish dollar. The rand was 0.26 percent softer at 12.4125 per US dollar, still within easy striking distance of its 2-1/2- year high of 12.2400. The currency advanced by about 13 percent in 2017, making most of those gains after Cyril Ramaphosa was elected president Jacob Zuma’s successor as head of the African National Congress (ANC) last month. It has also been boosted by recent global demand for resources such as gold and platinum, supporting currency. On 2 January the spot price of bullion hit its highest since late September, extending a year-end rally that saw the metal rise 4.4 percent in the last three weeks of 2017. But volumes in the rand remained low in the wake of the festive season holidays, exaggerating moves in either direction. Technical and momentum indicators suggest the rand is in overbought territory that could see a sell off back to around the 12.5000 mark later in the week. On the bourse, Steinhoff was in demand as investors chased after bargains from the company in the throes of an accounting scandal that has wiped off around 90 percent from its market value. Its shares gained 7.5 percent on the day. Overall, the blue-chip JSE Top- 40 index added 0.55 percent to 52,823 and the broader All-share index gained 0.38 percent to 59,731. on the benchmark government paper due in 2026 down 1.5 basis points at 8.59 percent. – Business Recorder ECB governor calls for tax, regulation on bitcoin Digital gold… The controversial digital currency, bitcoins BERLIN/LONDON A top European Central for governments to regulate and tax bitcoin, labelling the cryptocurrency an object of speculation and a tool for money laundering. “One ought to apply what the basic rule is in any other involved should reveal their identity,” ECB governing council member Ewald Nowotny told the German daily, Sueddeutsche Zeitung. “We need a value-added tax on bitcoin, since it’s not a currency,” said Nowotny, who is head of Austria’s central bank. Nowotny’s comments echo who regard the bitcoin’s spectacular surge in value as a bubble, rather than a sign it could be a digital competitor to the euro single currency used by its 19 member nations. Nevertheless, the “digital gold” is a concern for central bankers as it can allow money launderers to dodge around increasingly strict rules in the “It can’t be allowed that we’ve just decided to stop money laundering, that we’ve slapped strict rules on every tiny savings club, and then have to watch people blithely laundering money around the globe with bitcoin,” Nowotny said. Bitcoin, launched in 2009, is a virtual currency created from computer code. It and other virtual currencies use blockchain, which records transactions that are updated in real time on an online ledger and maintained by a network of computers. Meanwhile the Bank of England has given indication that it could green light its own Bitcoin-style digital currency as early as 2018, according to a report by The Telegraph. A research unit set up by the Bank is investigating the possible introduction of a cryptocurrency linked to sterling. If approved, a virtual currency issued by the bank would pave the way for a revolutionary shake up of high street banking. A Bank of England-issued digital currency would potentially allow British citizens to keep their money - in digital form - with the central bank itself, dispensing with the need for a retail bank. Big-ticket transactions, such as buying a house, could happen in nanoseconds. The research unit was set up in February 2015 and, according to a Bank of England spokesman, could report back within the next 12 months. The Bank has been trialling technology for digital transactions, using the same technology that underpins Bitcoins and other crypto-currencies. The value of a Bitcoin has risen sharply in the past year. It was worth about £720 in January, peaking at almost £15,000 in mid-December, before falling back dramatically to below £10,000 in the immediate runup to Christmas. The volatility - and seeming endless popularity - of Bitcoin will intensify pressure on the Bank of England to make a decision on an alternative digital currency of its own. The currency would be pegged to sterling and underpinned by the Bank, making it far less volatile than Bitcoin. Nampa/AFP/The Telegraph

New Era

New Era Newspaper Vol 22 No 167