10 Inside BUSINESS Thursday, November 9 2017 | NEW ERA NUST Mining and Process Engineering Dept on the move Making waves… The four students from NUST’s Department of Mining and Process Engineering (DMPE) who took part in a Southern African Institute of Mining and Metallurgy’s (SAIMM) Young Professionals Council (YPC) in South Africa. Photo: Contributed Staff Reporter Windhoek Four students from Namibia University of Science and Technology’s (NUST) Department of Mining and Process Engineering (DMPE) recently took part in a Southern African Institute of Mining and Metallurgy’s (SAIMM) Young Professionals Council (YPC) organised student colloquium at Mintek in Randburg, South Africa. The competition, ‘’14th Annual Student Colloquium’’, was held on the 25 th of October 2017. Prof Thomas Hollenberg accompanied the students. A number of institutions offering mining, metallurgical and chemical engineering programmes participated. These included, amongst others, University of the Witwatersrand, University of Pretoria, North- West University, University of Free State, Vaal University of Technology, University of Zam- bia, University of Zimbabwe and the Midlands State University. Traditionally, the colloquium was a preserve of the South African universities, but the trend was broken by the entrance of NUST on the grand stage in 2013 when the university (then Polytechnic of Namibia) through Monica non-South African university to participate in the colloquium. The colloquium has since grown to accommodate all the major universities offering mining, metallurgical and chemical engineering programs in the Southern African region. The panel of judges for the colloquium consists of industry leaders from selected leading mining companies and top academics in the minerals industry. Charne Eimann, from NUST, emerged the best student in Mining Engineering with her presentation entitled ‘An investigation into the applica- technology to upgrade low-grade Zinc ore’. She was supervised by Dr Mallikarjun Pillalamarry. Martha Amwele from NUST scooped the second prize in Metallurgy. Martha Amwele’s presentation was entitled ‘Improving the leaching conditions of gold at Navachab gold mine’. She was supervised by Professor Dick Groot. lurgy was taken by Makua Lebohang from Wits University while Ndangana Ngonidzashe from University of Zimbabwe fell second to NUST’s Charne Eimann in Mining. It compete in the metallurgy section. The other students from NUST who took part in the heavily contested colloquium were Kabuba Namukokoba and Leo Reinhold. Each category consisted of about nine contestants and amidst the tough competition from the traditionally recognized universities, NUST students managed to outperform fellow competitors, placing NUST at the pinnacle of the prestigious contest. Namibian students at the colloquia showed acutely sharp presentation skills and what a pride it was to have our students, grabbing an entire audience, with a presentations that are both technically appealing and eloquently put across. Speaking at the colloquium, SAIMM president Prof Selo Ndlovu expressed satisfaction at the participation and enthusiasm from regional institutions. She described the colloquium as heavily contested as shown by the quality of projects that the students presented. She also described the colloquium as a unique opportunity for them to showcase themselves to prospective employers who attend to scout for outstanding talent at the colloquium. She reiterated the YPC’s commitment to contribute to the creation of prosperous and empowered young professionals. Uys resigns as CEO of EBH Namibia Staff Reporter Windhoek Walvis Bay-based ship repair company Elgin Brown & Hamer Namibia (EBHN) cepted the resignation of the company’s chief executive resignation is effective as of November 30. Uys has been the CEO of the company since 2012. According to a statement, Uys made substantial contributions to the advancement of EBHN during his tenure and has been responsible for implement- improve operations and to position the company to strategically leverage future growth and long-term sustainability. Heritha Nankole Muyoba with several decades of human resources and executive management experience took over as Interim CEO as of November 7. EBHN has reassured all stakeholders that the company remains completely focused on maintaining its position as the shipyard of choice on the west coast of Africa, with an unwavering commitment to clients, service providers, employees and the maritime industry as a whole, going forward. “Uys leaves EBH Namibia well-prepared and ready to meet future challenges in a dynamic and resilient manner. EBH Namibia thanks Uys sincerely for his excellent contribution and strong, ethical Hannes Uys leadership during the past seven years as CEO,” read the statement. EBH Namibia provides holistic service solutions in all aspects of marine engineering and ship repair to the local and international shipping and offshore industry. The company operates three privately-owned floating docks in Walvis Bay, including a Panamax-sized dock.
Thursday, November 9 2017 | NEW ERA Inside BUSINESS 11 Standard Bank unveils Karibib branch Staff Reporter Windhoek With an investment of N million, Standard Bank inaugurated a new branch in the town of Karibib in the Erongo Region yesterday. The latest banking facility comes just within six days of the previous branch opening in the village of Okongo in Ohangwena Region. Governor of the Erongo Region Cleophas Mutjavikua commended Standard Bank for its ongoing mission to bring banking services closer “It therefore goes without saying that the new Standard Bank Karibib branch will go a long way in making banking more accessible and convenient for the residents and tourists visiting the town. Banking is indispensable in today’s modern society and I’m pleased to see that over the past 102 years Standard Bank has been supporting the country’s economic growth and providing services and products that relate to the needs of individuals and business consumers alike,” said Mutjavikua. The governor further encouraged the residents to make optimal use of the new branch in order ultimately stimulate viable business initiatives that will develop the town to greater heights and the region as a whole. With a current population of approximately 9,000 residents, Karibib is the only town in the country where a number of transport corridors pass through, namely the Trans-Kalahari, Trans-Caprivi, Trans-Katwitwi, Trans-Oshikango and Trans-Orange highways. Through the years the Karibib Town Council has made great strides to develop the town with new developments like the lithium mine which expected to start with full operations next year. It is expected to create employment for up to 60 employees with envisaged houses for them near the site. Other developments include the marble mine which has already started operations this year, while providing much needed houses and employment for the town’s residents. In an effort to complement the town council’s developmental efforts, Standard Bank’s Head of Personal and Business Banking Mercia Geises said the bank saw the importance of offering customers innovative banking services and products to further boost economic activities. “In essence, opening a new branch has positive spin-offs for the community in that it ultimately generates employment, brings a variety of and personal banking options for customers, as well as reduces unnecessary travelling costs. We strive to operate in a customer-centric environment where it is all about meeting our from our banking consultants and managers. We are driving Namibia’s growth, because Namibia is our home,” said Geises. The inauguration of the latest facility in Karibib marks the 60th branch of Standard Bank throughout the country. In expanding its footprint, the bank had also opened new branches in the towns of Ruacana, Eenhana, Henties Bay and Mondesa in Swakopmund last year. Standard Bank is the only bank in the country offering Sunday banking services to its customers. Standard Bank with its 102 years of existence back in 1915. Since then it has grown from a mere few staff members to over 1,700 employees today by extending its roots deep into the fabric of the Namibian society with 60 branches and a wide network of 266 ATMs countrywide to date. The event ended off with lively performances by the Namibian Correctional Service Brass Band of Erongo Region. Challenges present opportunities for Van Wyk Staff Reporter Windhoek “I Olivia’s Investment CC, Christopher want to be the change in my community,” says sole owner of Olivier van Wyk. The 32-year old Windhoek entrepreneur had the desire to own his own company and today he has accomplished that dream. Olivia’s Investment CC, named after his daughter, specialises in digital satellite television, sound systems, telephone networks, closed-circuit cameras, airconditioning, alarms, intercoms, electrical fencing and access control installations. The electronical services within and around Windhoek. He says that many young people believe there is no other way to make it in life but to be a gangster in the streets. “This is a waste of time and it is not cool,” he said. He took it upon himself to make a difference. Five years ago Van Wyk was employed as a call centre operator at a security company. It also specialised in electronics installations. After he acquired the necessary experience, Van Wyk decided to go for his dream. “I took my last pay cheque, paid my rent and bought myself a backpack, a screwdriver and a cutter, and never looked back since,” he said. Since 2012 he has been a Bank Windhoek client. Van Wyk says he has tirelessly worked towards realising his dream and managed to save most of the proceeds. This allowed him to start Olivia’s Investment CC. As his business grew, he planned on MARKET OVERVIEW Change Latest 3 months 0.00% 7.05% 6 months 0.00% 7.59% CGP CAPRICORN INVESTMENT GROUP L 1810 -0.06% 9 months -0.03% 7.85% NBS NAMIBIA BREWERIES LTD 3750 0.00% 12 months -0.03% 8.17% BVN BIDVEST NAMIBIA LTD 785 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4671 -0.02% GC18 (R204 : 7.63%) 0.09% 8.54% ORY ORYX PROPERTIES LTD 2064 0.00% GC21 (R208 : 8.23%) 0.07% 9.05% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 9.27%) 0.07% 10.49% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 9.27%) 0.07% 10.88% BMN BANNERMAN RESOURCES LTD 44 0.00% GC30 (R2030 : 9.76%) 0.07% 11.43% DYL DEEP YELLOW LTD 222 2.78% GC32 (R213 : 9.85%) 0.07% 11.56% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 10.04%) 0.06% 11.47% FSY FORSYS METALS CORP 138 8.66% GC37 (R2033 : 9.95%) 0.07% 11.95% TUC TRUSTCO GROUP HOLDINGS LTD 495 0.00% %Change Latest B2G B2GOLD CORP 3636 -0.93% Gold 0.47% $ 1,281.29 Platinum 0.93% $ 930.83 Copper 0.00% $ 6,826.00 Brent Crude -0.30% $ 63.44 %Change Latest NSX (Delayed) 0.17% 1186.51 JSE All Share -0.30% 60,004.24 SP500 -0.02% 2,590.64 FTSE 100 -0.08% 7,507.00 Hangseng -0.30% 28,907.60 DAX -0.09% 13,367.88 %Change Latest Financials 0.17% 15,596.46 Resources -0.07% 38,923.94 Industrials -0.54% 83,038.68 %Change Latest N$/US dollar -0.19% 14.2093 N$/Pound -0.65% 18.6242 N$/Euro -0.17% 16.4676 US dollar/ Euro 0.02% 1.1589 Latest Previous Namibia Inflation (Sep 17) 5.6 5.4 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 assistance and approached Bank Windhoek’s emerging small and medium enterprises was approved. partners with Namibian entrepreneurs who positively contribute to the local economy. It offers a comprehensive range of products tailored to entrepreneurs’ individual business needs. With its new improved service offering, entrepreneurs can now gain access activities at one convenient location. “Christopher showed how determined he was when he started his business. He is young, committed and runs his business in a disciplined manner,” said Bank Windhoek’s ESME finance branch manager Mbo child, Van Wyk’s life was hard - he had secondary education at Jan Mohr Secondary School in Windhoek. The death of his mother changed his perspective towards life. “I Success story… Christopher Olivier van Wyk with his employees, Ismael Numumbanduka, Bonnie Felix and Sisko Marumbu. Photo: Contributed promised myself to do the best I can for her sake and to be an example to the youth,” he said. Van Wyk’s community is proud of his accomplishment. Case in point are his technicians. Bonnie Felix, 33, said that Christopher changed his life. “I can now support my family,” said Felix. Sisko Marumbu, 31, and Ismael Numumbanduka, 21, said they are happy and inspired by Van Wyk. Asked what challenges he had when he initially started his business, Van Wyk responded that he always thinks positively and that any challenge that presents itself is that although start-up capital was the major challenge, he did not let this deter him. “Business is good and the income is invested back into the business for sustainability,” he said. He advised young aspiring entrepreneurs not to expect handouts. “Be determined to succeed in life,” he said. Van Wyk said he aims to employ more young people and plans to expand to other parts of the country in the near future.