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New Era Newspaper Thursday July 27, 2017

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12 Inside BUSINESS

12 Inside BUSINESS Thursday, July 27 2017 | NEW ERA Coca-Cola profits fall as it touts healthier drinks NEW YORK Coca-Cola saw profits drop sharply due to sales of bottling facilities as it moved to expand offerings of low-sugar and non-carbonated beverages amid flagging demand for sweet sodas, the company said Wednesday. Net income for the US soft drinks giant plunged 60 percent in the second quarter to .4 billion, while revenues fell 16 percent to .7 billion. Both were hit by the company’s move to offload bottling assets in North America. Sales volume grew for three of four beverage categories: juice, dairy and plant-based beverages; water, enhanced water and sports drinks; and tea and coffee. But volumes were flat in sparkling drinks. Chief executive James Quincey said Coca-Cola’s efforts to meet consumer demand for non-sweet and healthier offerings were on track. Coca-Cola Zero Sugar grew strongly in Europe, Middle East, Africa and Latin America. The company launched new orange juice products in China and expanded its “Innocent” brand of smoothies and premium juices in Western Europe. “Our performance gives us confidence that we will achieve our full year financial objectives even in the face of challenging conditions, and also demonstrates further success in evolving our portfolio to meet changing consumer tastes and preferences,” Quincey said. Shares of Coca-Cola dipped 0.5 percent to .01 in pre-market trading. – Nampa/AFP Frankfurt leads Paris in race to lure London bankers PARIS In the competition to attract bankers fleeing London due to Brexit it appears Frankfurt is beating out Paris, although experts say the race is far from run. “In the first wave of relocations Frankfurt clearly has been a step ahead of Paris, which hasn’t had much to show,” said Nicolas Veron, a fellow at the Brussels think tank Bruegel as well as the Peterson Institute for International Economics in Washington. Thousands of well-paid jobs are at stake as banks and other financial companies plan to move out of London some operations and staff that handle European business ahead of Britain exiting the EU in 2019. Several large international banks have already shown their interest in “Mainhattan”, the nickname given for Frankfurt’s financial district which is a stone’s throw from the river Main that flows through the city, home to the European Central Bank. Among them are US heavyweights Morgan Stanley, Citigroup and Goldman Sachs, Japan’s Sumitomo Mitsui Financial Group, Daiwa Securities and Nomura, as well as Britain’s Standard Chartered. “But remember that Paris wasn’t really on the radar until the end of the electoral cycle this year,” said Veron. “There are structural changes underway with the new government but those are very recent and will take time to become credible.” “Some international banks already have a subsidiary or branch in Frankfurt. It is much easier to use these entities as a base than build one from scratch in an unfamiliar jurisdiction,” said one French banker on condition of anonymity. – Nampa/AFP SENIOR MANAGER: TECHNICAL SERVICES, ARCHITECTURE & PROPERTY MANAGEMENT (Head Office). 5 YEAR FIXED TERM CONTRACT. NHE seeks to recruit a Senior Manager: Technical Services, Architecture and Property Management. Reporting to the Chief Executive Officer, the incumbent will manage, lead and oversee the management and coordination of project related activities undertaken by NHE, which includes land acquisition, housing development initiatives and the management and maintenance of NHE rental and other properties. Key performance Areas • Develop policies, business processes and procedures related to the Technical Services, Architecture & Properties Management functions. • Develop and improve the design and specifications of affordable and quality housing products. • Coordinates various business processes pertaining to the functions of the department; • Develop and implement a land acquisition plan and housing development initiatives; • Manage complex Engineering/Property development projects from conceptualisation, design, contract management, quality assurance and compliance, and ensure their proper integration to the NHE’s overall strategic plan; • Perform financial monitoring through commissioning, operations and maintenance to ensure effective and efficient functioning of the department within the budgetary constraints of the NHE; • Manage all property-related funding allocated to the NHE; • Provide professional advice to the NHE on project conceptualisation, design, project management and implementation; • Oversee the management of all equipment and capital resources to ensure accountability by the department; • Manage all department’s contracts and tenders according to the approved SLA’s terms of reference, letter of appointment and contract project time lines as per project brief; • Responsible to ensure proper infrastructure development and planning, project management and administration; • Ensure diligent execution of NHE functions and management of the department in accordance with applicable Policies, procedures and legislation; Skills and Competencies required: • Strategic leadership and management, VACANCY RE-ADVERTISED • People management, • Operational financial management, • Governance, ethics and values in financial management, • Financial and performance reporting, • Risk and change management, • Program and project management, • Relevant Legislation, • Policy design implementation, • Supply chain management, • Audit and quality assurance Education and Experience Requirements • A relevant Master’s Degree in Engineering, Architecture, Quantity Surveying or other related disciplines. • Alternatively, a relevant Bachelor Degree in Engineering, Architecture, Quantity Surveying or other related disciplines, with a Masters of Business Administration (MBA)Degree as an added advantage. • Registration as a professional engineer with the relevant professional body. • 7 years’ practical experience of which 3 years must be at executive management level, with specific experience in the management of large housing development initiatives at executive management level. Applicants should be Namibian citizens. NHE is an equal opportunity employer and offers competitive remuneration and benefits packages. People with disabilities meeting requirements are encouraged to apply. Only shortlisted candidates will be contacted and no documents will be returned. Applications should be addressed and/or hand delivered to: The Chief Executive Officer Attention: Manager: Human Capital & Organisational Development NHE Head Office 7. Gen. Murtala Muhammed Ave. PO Box 20192 Eros Windhoek Or emailed to: CLOSING DATE: 04 August 2017 Russian sought in Bitcoin laundering held in Greece THESSALONIKI (GREECE) Greek police said Wednesday they had arrested a 38-year-old Russian sought by US authorities for allegedly helping criminals launder billions of dollars using Bitcoin. Police said the man, identified as Alexander Vinnik, headed a organisation that has allegedly laundered at least four billion dollars since 2011 using the virtual currency. He was arrested on Tuesday in the tourist resort of Halkidiki, near the northern city of Thessaloniki. According to Greek police, part of the suspect’s illegal gains came from the collapse in 2014 of Tokyo-based Bitcoin exhange Mt. Gox. A California court issued a warrant for his arrest in January, they said. Bitcoin is a virtual currency created from computer code. Unlike a real-world unit such as the US dollar or the euro, it has no central bank and is not backed by any government. Just like other currencies, bitcoins can be exchanged for goods and services -- or for other currencies -- provided the other party is willing to accept them. – Nampa/AFP DM0201700275422_GD

Thursday, July 20 2017 | NEW ERA 13 The power of Q: introducing the all-new Audi Q5 Audi South Africa has announced the introduction of the all-new iteration of its best-selling SUV, the Audi Q5. The B-segment SUV combines the sportiness of an Audi sedan with a multifaceted character and a highly flexible interior. Whether in its connectivity, efficiency or driver assistance systems - the new Audi Q5 once again sets standards in its segment. The first Audi Q5 was for many years the world’s best-selling SUV in its class. Since its international launch in 2008, it has sold more than 1.6 million units worldwide. Launched in South Africa in 2009, it has sold 11,300 units locally. Design The new SUV takes a sporty but elegant stance on the street. interior acoustics in its class. The interior offers a lot of space for five persons, and it surpasses the previous model and its competitors in key dimensions. Its horizontally oriented lines underscore the impression of width and comfort, and a three-dimensional trim strip runs across the entire width of the instrument panel. The rear seat back of the new Audi Q5 is split into three segments. Depending on the rear seat position, the basic volume of the luggage compartment ranges from 550 to 610 litres, 10 litres more than in the previous model. When the rear bench is folded down, this volume grows to 1,550 litres. Cargo loading is simplified by intelligent solutions like a standard, variably folding mat, optional sensor control always disengages the rear-axle drive whenever it is not needed, and if necessary it can proactively re-engage it. The new concept boosts efficiency without reducing traction or driving dynamics. The intelligent operating strategy permanently monitors the route, driver and driving status, and predictively distributes the drive torque to the front and rear axle. The quattro drive is already active before the activated predictively even before a driving situation such as acceleration or driving round a bend, necessitates all-wheel drive. This will happen without the driver even recognizing the difference. Even with quattro drive, wheelselective torque control gives handling a refined touch. The intelligent software solution always delivers a dynamic, precise and controllable driving experience. of the power tailgate and manual need arises. The new Audi Q5 enables handling that combines very different Picture The driver Picture feels the familiar, su- Picture the windshield - including from driver assistance systems - as symbols and numbers that can be perceived quickly. The MMI terminal in the centre console acts as the main control element. In the top infotainment system, the MMI navigation plus with MMI touch and an 8.3-inch display, a touchpad is integrated into the rotary pushbutton. It recognizes handwritten entries as well as gestures such as zooming. A sculpturally flared Singleframe lowering of the body via the optional air suspension. perior driving dynamism, benefits strengths - it is sporty while being based on the flat hierarchies used in The MMI operating logic is grille with a solid frame dominates its aerodynamically flat front end. from the additional safety reserves extremely comfortable. Creating today’s smartphones, and it offers It is available with headlights that Engines thanks to outstanding traction and the basis for this are the newly such features as intelligent free-text are either in LED or high-resolution The new Audi Q5 is launching uses discernibly less fuel in everyday driving. At the predictive level, and also the new electromechanical voice control function also recog- developed five-link suspensions search. The new natural-language Matrix LED technology with dynamic turn lights. ful and efficient engines: one TDI the focus is on the 150 sensors that power steering system. Dynamic nizes inputs from everyday Photo: Quickpic speech. in South Africa with two power- A distinctively curved and engine and one TFSI. They have the networked systems deliver 100 steering is available as an option; it The Audi phone box connects strongly undercut shoulder line added up to 20 kW of power, with times per second in the car. varies its gear ratio according to the smartphones to the vehicle’s antenna for optimal reception qual- gives structure to the side view. fuel consumption however being From this data, the controller driving speed and steering angle. The strongly emphasized wheel significantly reduced. calculates the point at which the Customers can choose from two ity; it also charges smartphones arches are a reference to the quattro The four-cylinder TDI has a front wheel on the inside of the extension stages of springs and inductively according to the Qi permanent all-wheel drive system, displacement of 1,968 cc and is bend will reach its grip limit. In damping. The chassis with damper standard. The Bang & Olufsen and the roofline tapers back down available with an output of 140 kW doing this, it calculates about 0.5 control offers a very wide spread Sound System with innovative early. Just as at the front, horizontal and 400 Nm of torque available seconds in advance. If the wheel between comfort and dynamics, 3D sound introduces the spatial lines at the rear convey an image of between 1,750 and 3,000 rpm. It approaches a defined degree of which the driver can select via Audi dimension of height. The Audi width and presence. When specified with LED lights (standard on from 0 to 100 km/h and corresponds becomes active. The system only damper control, the new adaptive Apple CarPlay and Android Auto will take 7.9 seconds for the sprint its grip limit, the all-wheel drive drive select. In addition to adjusting smartphone interface also brings Sport models), the tail lights also to a top speed of 218 km/h. It has needs 200 milliseconds to fully air suspension can be used to vary into the new Q5. come with dynamic turn signals. claimed combined consumption of activate quattro. Furthermore, the the ride height of the car body over In its driver assistance systems, The tailgate wraps around the C- 4.9 litres per 100km and a combined quattro controller orientates itself five stages. the new Audi Q5 also tops its segment with a broad range of high- Staff Reporter models are available with purely rear wheel system will be available as optional with longitudinal grain and a brown matt pillars - a typical feature of the Q CO2 emissions figure of 129 g/km. primarily on the driving style of the In the standard system, Audi drive or with engageable all-wheel drive. feature for those who want maximum driving woodgrain effect. To complement the highquality feel, the upper section of the cockpit is models from Audi. A diffuser insert The further developed 2.0 TFSI driver, on the status of the ESC as drive select, which accesses various technical modules, the driver interplay, the systems represent a tech options. In their intelligent The Mercedes-Benz X-Class – the new However, Dubai and Morocco will only have experience. integrates the exhaust tailpipes. has an output of 185 kW and 370 well as on the mode set with the bakkie from Mercedes – is ready for the rear-wheel drive model due to their market Mercedes-Benz is also planning release, available with ARTICO man-made leather in At 4.66 metres long, 1.89 metres Nm of torque, yet it only consumes Audi drive select function and on can select one of many as seven next step towards piloted driving. order and delivery to Namibia and requirements. later in 2018, of a 4MATIC six-cylinder either black or nut brown. The characteristic wide and 1.66 metres tall with a 6.8 litres of fuel per 100 km, which trailer detection. driving modes. The two new modes, Adaptive cruise control (ACC) South Africa in 2018, which is less six months All engines are characterised by quiet, engine with a permanent all-wheel drive to round ventilation outlets add a sporty touch. 2.82 metre wheelbase - compared equates to 154 grams of CO2 per Depending on the situation, up lift/offroad and allroad, emphasize including traffic jam assist can from today. The bakkies for Namibia and low-vibration running and excellent power ensure that the X-Class delivers maximum Depending on the design and equipment to the previous model, the new Q5 km. in this engine, the sprint from to 100 % of the drive force can be the offroad character of the Audi handle some of the steering work South Africa, and by extension Botswana, delivery coupled with low consumption performance and traction, even at top speed line, these come either high-gloss black has grown in nearly all of its dimensions. Consequently, the unladen The drivetrain of the mid-size axle. If the driving situation does lane assist makes it easier to stay 0-100 km/h will take 6.3 seconds. transmitted to the front the rear Q5 optimally. in slow-moving traffic. Audi active Lesotho, Swaziland, will be manufactured figures. Power is transferred via a six-speed on roads. For now all all-wheel drive models or silver shadow, creating a high-end cool at the Nissan plant in Barcelona, Spain. The manual transmission. But a seven-speed will come with Downhill Speed Regulation touch effect. With the PROGRESSIVE and weight was reduced - depending on SUV has been redeveloped from the not require quattro (for example Infotainment and driver in lane while the distance warning Barcelona plant will also manufacture the automatic transmission is available on (DSR) on board as standard. POWER design and equipment lines, the the engine - by up to 90 kg compared to the previous model. Steels sions integrate a fuel-saving free- the highway), the vehicle switches Operation of the new Audi SUV to a vehicle drops below a safe ground up - the automatic transmis- while doing a constant speed on assistance systems alerts the driver when the distance bakkies for European and Australian markets. request for the 140 kW X 250 d and X 250 The X-Class can haul a payload of up to centre console is also prominently framed by Mercedes’ new bakkie will be manufactured d 4MATIC models. 1.1 tonnes. That is enough to transport 17 a decorative trim in silver shadow. The large with maximum tensile strength wheel function. The driver controls to more efficient front-wheel drive. is intuitive and is marked by three distance. in production cooperation with the Renault- A high-torque V6 diesel engine will be full 50-litre barrels of beer in the cargo area. door handles are also finished in silver shadow. and aluminium form an intelligent it by a selection lever or by shift Here, for permanent adaptation, the great new features. The optional Cross traffic assist rear, the exit Nissan alliance, so expect the bakkie to have released mid-2018, ensuring even greater Able to tow up to 3.5 tonnes, it can also pull The X-Class will be the only bakkie material mix in the body. paddles on the steering wheel; in vehicle’s sensors use all information that refers to the respective liant graphics on its high-resolution ance assist and turn assist are Audi virtual cockpit presents bril- warning system, collision avoid- a lot of components that are not Mercedes. agility on and off-road. It will generate 190 a trailer containing three horses or an eightmetre yacht. as standard. The third brake light contains equipped with lighting in the cargo area The new Q5 also stands at the both cases, the control signals are The bakkie will be launched in two kW and a maximum torque of 550 Nm. With top of its class in its aerodynamics. The four-cylinder versions for example, surface friction co- choose from two views - a classic excellently in pursuit of safety. transmitted electronically. present and future vehicle state, 12.3-inch screen. The driver can other new features that perform powerful and efficient four-cylinder engines that the X 350 d occupies a leading position In the interior, the instrument panel has the LED lights, which illuminate the whole load to deliver spirited performance. There will in the segment. The top X-Class model will concave trim element typical of a Mercedes, bed. Operation is by a switch in the centre attain a cd figure of 0.30 with the Quattro Ultra efficient, wheel rotational speed, view with large round instruments The same applies to the pre sense be a high-torque common-rail diesel model, come as standard with permanent 4MATIC that stretches across the entire width of the console. As soon as the ignition is switched on, aerodynamically optimized roof. The new quattro drivetrain with engine torque, steering angle, and a mode in which the navigation map or lists dominate. Also standard feature which warns of systems - Audi pre sense city is a that come either as an X 220 d with single all-wheel drive and the seven-speed automatic instrument panel. those lights turn off automatically. A 12-volt Wind noises are exceptionally low, ultra technology, also known as accelerator position, road inclination, driver type recognition and optionally available is a newly pedestrians and vehicles and may turbocharger capable of generating 120 kW transmission. The ‘7G-TRONIC PLUS’ with There are three trim variants to choose socket to power additional equipment such as and vibration comfort is high - the “quattro on demand”, is standard or a bi-turbo X 250 d with capability of steering-wheel shift paddles and ECO start/ from for the X-Class POWER: a pixelated compressors, for example, is also part of the new SUV from Audi indulges the equipment for the range. The MMI navigation systems. In most developed head-up display which initiate automatic emergency braking within system generating 140 kW of power. Both diesel stop function, and a ‘DYNAMIC SELECT’ look in matt black, an aluminium effect standard equipment in the load bed. driver and passengers with the best quattro with ultra technology cases the quattro drive is, therefore, projects relevant information onto limits. Mercedes-Benz X-Class bakkie will be here by 2018

New Era

New Era Newspaper Vol 22 No 167