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New Era Newspaper Thursday July 27, 2017

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10 Inside BUSINESS

10 Inside BUSINESS Thursday, July 27 2017 | NEW ERA Staff Reporter Windhoek Eaton, global technology leader in diversified power management solutions, announced an extension to their partnership agreement with Rob Mcglees Engineering, making them an authorized service partner across Namibia. This agreement follows Eaton’s longstanding partnership with Rob Mcglees as an authorised distributor of all Eaton UPS related products in Namibia and builds on Eaton’s regional growth strategy and dedication to invest in its partner ecosystem. As of July, Rob Mcglees will not only be a distributor of the Eaton UPS product range but will also be equipped to manage product commissioning, maintain ad hoc interventions and provide service under the product warranty agreement. As an additional benefit to Eaton customers in the region, Rob Mcglees is also authorized to negotiate, sign and manage the maintenance contracts on behalf of Eaton. “Rob Mcglees were identified as a trusted partner to enter into this venture with Eaton as a result of their demonstrated efficiency and proficiency in previous projects, making them the leading choice for support in the region,” said Abel Martins, Eaton’s Africa service Eaton extends partnership with Rob Mcglees Engineering in Namibia Photo: Contributed Marvin Naicker, Eaton’s sales director for Africa (left) and Frank Coetzee, director at Rob Mcglees manager. Under this agreement, Eaton customers are afforded faster turnaround times on warranty, ad-hoc repairs and maintenance requests, as well as OEM authorized service and local management of maintenance agreements, ensuring there are no delays in bringing the high quality standard that customers have come to expect from Eaton. Further to the agreement, Eaton have trained local representation and will continue to invest in Rob Mcglees as a valued strategic partner by supporting them technically with product information and ongoing staff training, and provide spares supply to ensure a fast turnaround time for customers. “As a leading provider and an authorized service partner and distributor of all Eaton UPS products we look forward to the prospect of working with Eaton to pilot ways of the group’s iconic products within a strong network,” said Frank Coetzee, director at Rob Mcglees. Rob Mcglees will distribute and service the complete range of Eaton UPS solutions. A global power management company with 2016 sales of .7 billion, Eaton has been in Africa since 1927 with offices in South Africa, Kenya, Ethiopia, Ivory Coast, Morocco, Algeria and Nigeria. With 200k ft² of manufacturing space located in South Africa and Morocco, Eaton offers a broad portfolio supplemented by “made for Africa” products and services. Eaton has 900 employees and numerous distributors across the region, allowing it the opportunity to help its customers grow and provide sustainable economic benefits to the communities in which it operates. Vacancy exists for a HEALTH AND SAFETY OFFICER Seaflower Group of Companies: incorporating the two main Operators, Seaflower Whitefish Corporation Limited & Seaflower Lobster Corporation based in Lüderitz, is an Equal Opportunity/ Affirmative Action employer and requires the services of a Health and Safety Officer at its Head Office in Lüderitz. Purpose of the Position: Responsible to establish, implement, maintain and continually improve on Health and safety at the workplace. Key performance areas: • Provides an input into the development of a Health and safety policy. • Implementation of relevant Health and Safety programme • Develops procedures for investigating accidents • Develops procedures for risk assessments and control • Plans for hazard identification • Does training and awareness creation Requirements: • Grade 12 with tertiary Degree/Diploma in Health and Safety and three to five year’s relevant experience • Excellent knowledge of Health and Safety and all related legislations • Good interpersonal and communication skills • Ability to plan and administration skills to keep sufficient records Candidates meeting the requirements should send their CV with supporting documents to: The Human Resources Department Seaflower Whitefish Corporation Limited. P. O. Box 15 Lüderitz Phone: 063-208100 or Only shortlisted candidate will be contacted. Closing Date: 04 August 2017 Photo: Contributed Refurbished… /Ai-/Ais Hotsprings and Spa, which was partially closed, has undergone a major facelift. Improvements at NWR resorts nearing completion Staff Reporter Windhoek Namibia Wildlife Resorts (NWR) earlier this year undertook to improve its /Ai-/Ais Hotsprings and Spa, Terrace Bay resort and Okaukuejo restaurant. The upgrades were aimed at bringing the facilities up to date and to a standard that its guests have come to expect from the tourism establishment. /Ai-/Ais Hotsprings and Spa, which was partially closed, underwent a major facelift. Some of the work that was done is the upgrade of the entire sanitary fittings in the rooms, the replacement of the spa pool tiles and the refurbishment of the restaurant and storeroom. The entire resort was also painted to refresh its look. “Telios Namibia Consulting Engineers who are managing the project has assured NWR that the resort will be fully functional from 4 August 2017. Based upon a further assessment that was not part of the initial renovations, Telios Namibia Consulting Engineers have committed to renovating the VIP rooms to bring them to the standard of the rest of the resort. These renovations are envisioned to be completed within the first week of September 2017,” said Zelna Hengari, NWR’s managing director. Hengari added: “With regard to the Okaukuejo restaurant, 80 percent of the work has been completed with some minor work remaining to be done. It is worthy to note that all the pool areas have been tilled. When it comes to Terrace Bay, 90 percent of the work has been done with minor touch-ups remaining.” Hengari added that she was delighted with the work that has been completed thus far, but was saddened at the impact that some of the renovations have had on their guest experience. “Our guests are our number one priority and we want to assure them that we do appreciate their business and will always strive to enhance their experience at our facilities,” said Hengari.

Thursday, July 27 2017 | NEW ERA Inside BUSINESS: OPINION 11 e need to take wnership of creating ealth – Matthews When he retires from corporate life eventually, Lionel Matthews, the managing director of Nedbank Namibia, plans on taking up a plumbing course. This is because the vocational trade, he says, is one area that Namibians at all levels need to take ownership of so as to create wealth and economic opportunities. “The mindset many young people hold today that the only career they can build is through working for the government or working in an office needs to change. Instead, we need to be looking towards embracing trades within the vocational field. “If you can learn how to bake bread or a cake, how to fix a tap, or how to make a table, then you have the potential to create wealth. The question is, how do we bring vocational trades into the mainstream as dignified professions that have the potential to create economic opportunities, put food on the table for families and at the same time create wealth and enable Namibians out of poverty for generations to come?” he said. Policy framework, he adds, is important, but government cannot be expected to eradicate poverty through policy, because this is an effort that will require Namibians at all levels to take hands. “Eradicating poverty needs small things that hopefully can make a much bigger impact in our society. We need to take ownership of creating wealth in our spheres of influence, starting in our households, and then extending that onto our communities, because hopefully the accumulative effect of that will reduce inequality and poverty. Otherwise it will remain a challenge,” he said. Earlier years and education Lionel was born in Somerset West in the Western Cape, South Africa and oved to Namibia in 1984 at the age of 19 and has been living here since. “I was quite active as a child and engaged in all sorts of sports, particularly athletics, I played rugby, tennis, cricket and I was into drama. I was also part of a big school choir. I was very ambitious from a young age already and my dream was to become a lawyer and drive a Jaguar. While I’m neither a lawyer nor do I drive a Jaguar today, I eventually went on to become a chartered accountant, a banker and I drive other cars,” he says. Doing drama at a young age has helped him to be a confident communicator in today’s difficult business world. “I think that doing drama as a young scholar has helped me to communicate better in business today,” he remarked. Through part-time studies, Lionel obtained his B. Compt. Honours (UNISA), whilst training to become a chartered accountant at EY NAMIBIA. He also holds an Executive Masters in Business Administration (EMBA) from the Graduate School of Business, University of Cape Town and plans to pursue his PhD studies in 2018/19. Describing finance and accounting as his passion, Lionel says his first exposure to banking was some 30 years ago when he was a young man, part of an audit team doing an audit for a bank called Swabank at the time. Swabank eventually became Nedbank Namibia. “In a very interesting way, 30 years on I’m in a bank where I actually got my first exposure as an audit clerk through Swabank. I’ve always wanted to be in finance, I find it quite rewarding and I don’t think I want to do anything else. In August this year, I will be making four years as the managing director of Nedbank Namibia, and one thing that I’ve learned is that when you come into a big organisation like Nedbank, especially looking at the size of Nedbank beyond Namibia, it’s important to put your aspirations and the ambitions you have for your business that you lead up on a board somewhere. “What I have learned is also that sometimes you need to make peace with the fact that some of the stuff that you thought you could be doing faster won’t happen as fast and that perhaps there is a lot to learn in going slower. Making ambiguity your friend and being comfortable with uncertainty and imperfect information is critical in an ever-increasing complex environment,” he says. Leading Nedbank and unlocking inequalities Nedbank employs over 700 people across Namibia and has a continental footprint across the African region, with operations in countries such as Swaziland, Malawi, Angola, Zambia, and many others. Currently, the bank is going through a brand repositioning exercise where the MARKET OVERVIEW focus is on empowering staff to experience continuous growth, enhance customer experience, and provide competitive banking products and services to meet the needs of all Namibians. “My vision for Nedbank is to create an organization where all employees are in positions to grow and they in return have a passion to contribute towards the overall Lionel Matthews wellbeing of Nedbank. The consequence of which is that we in turn serve our customers with passion. With the rebranding exercise of ‘see money differently’, we are transforming our mindsets and consciously deciding that we are waking up every morning to make a difference in people’s lives through what we do and offer,” he said. Money Market Change Latest Selected NSX Stock 3 months 0.00% 7.08% Symbol Stock Name Spot % Move 6 months 0.00% 7.48% CGP CAPRICORN INVESTMENT GROUP 1800 0.00% 9 months -0.01% 7.62% NBS NAMIBIA BREWERIES LTD 3350 0.00% 12 months 0.00% 7.78% BVN BIDVEST NAMIBIA LTD 787 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4678 0.00% GC17 (R203 : 6.99%) -0.02% 7.66% ORY ORYX PROPERTIES LTD 2071 0.00% GC18 (R204 : 7.11%) -0.02% 8.02% NAM NAMIBIAN ASSET MANAGEMENT 72 0.00% GC21 (R208 : 7.44%) -0.04% 8.26% NHL NICTUS NAMIBIA 200 0.00% GC24 (R186 : 8.52%) -0.03% 9.74% BMN BANNERMAN RESOURCES LTD 30 0.00% GC27 (R186 : 8.52%) -0.03% 10.13% DYL DEEP YELLOW LTD 288 0.35% GC30 (R2030 : 9.11%) -0.03% 10.78% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC32 (R213 : 9.19%) -0.02% 10.90% FSY FORSYS METALS CORP 135 4.65% GC35 (R209 : 9.52%) -0.02% 10.95% TUC TRUSTCO GROUP HOLDINGS LTD 425 0.00% Commodities %Change Latest B2G B2GOLD CORP 3382 -2.84% Gold -0.08% $ 1,249.03 Platinum -0.39% $ 923.13 Copper 0.00% $ 6,225.00 Brent Crude 0.28% $ 50.40 Main Indices %Change Latest NSX (Delayed) 0.44% 1080.58 JSE All Share 0.64% 54,848.35 SP500 0.29% 2,477.13 FTSE 100 0.27% 7,454.72 Hangseng 0.33% 26,941.02 DAX 0.38% 12,310.55 JSE Sectors %Change Latest Financials 0.67% 15,232.41 Resources 1.11% 33,303.90 Industrials 0.62% 74,963.64 Forex %Change Latest N$/US dollar -0.45% 13.0221 N$/Pound -0.24% 16.9934 N$/Euro -0.55% 15.1489 US dollar/ Euro -0.12% 1.1633 Namibia Monthly Data Latest Previous Namibia Inflation (Jun 17) 6.1 6.3 Bank Prime 10.75 10.75 BoN Repo Rate 7.00 7.00 26-Jul-17

New Era

New Era Newspaper Vol 22 No 167