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New Era Newspaper Tuesday August 15, 2017

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14 Inside BUSINESS:

14 Inside BUSINESS: Opinion Tuesday, August 15 2017 | NEW ERA Setting the stage for the UK’s post-Brexit trade relations with southern Africa Lord Price Throughout my visit to South Africa and Namibia last month, I was struck by the bonds that link the UK and the southern African region. Our historical, commercial, educational and Commonwealth links all help underpin our longstanding and mutually beneficial relationship. For me this relationship has a personal significance. Over nearly two decades during my career at British supermarket chain Waitrose I made regular visits to South Africa, visiting suppliers who exported excellent food and wine. I was there to support the work of the Waitrose Foundation, a scheme which sees a percentage of profits reinvested directly back into the farming communities of the Western Cape. I saw how over 50,000 farmworkers and their families benefited because of the Foundation and its partners. This visit I was delighted to be able to make my first trip to Namibia and to not only hear about, but taste some or your excellent products – including Namibian beef of course which is one of the most important exports to the UK. British business has a long-held commitment to supporting Southern Africa’s economic growth and development. My purpose in visiting the region was to make that message clear: the UK’s withdrawal from the EU does not signify a withdrawal from the world, but an increased openness, and that long-held commitment remains steadfast. Trade is now back at the heart of the UK government’s policy agenda, and for the first time in over 30 years, the UK has a dedicated department for international trade. It is the job of my department to help build a Global Britain – the most passionate advocate of open, free and fair trade anywhere in the world. We will strengthen and revive trading arrangements with some of the world’s most dynamic economies. Post-Brexit, we will be able to take advantage of the 90% of global growth that is projected to occur beyond the borders of Europe – with a key focus on Africa. Our priority is to ensure continuity and avoid any disruption to trade with our African partners. That’s why at the G20 Summit Prime Minister Theresa May announced a new partnership with Africa, focused more strongly on supporting African aspirations for trade, investment and growth. It’s also why I agreed with my southern African counterparts to ensure that there is no disruption to our trading relationship under the EU-SADC Economic Partnership Agreement (EPA) as the UK leaves the EU. That was the key purpose of my visit to Southern Africa – meeting with trade ministers and representatives from Botswana, Lesotho, Mozambique, Namibia, South Africa and Swaziland, to discuss how we can work together on an arrangement that replicates the effects of the EPA once the UK has left the EU. I’m pleased that we’re likeminded on this: we agreed that this should be a straightforward task in our mutual interest. As a development-focused trade agreement first and foremost, the EPA provides a high degree of market access. This will continue. More than this, however, the EPA aims to increase development, support regional integration around trade, help develop regional value chains, and ultimately create a stable business climate so UK and African businesses can trade with confidence. None of these aims change when the UK leaves the EU. We will continue to support African economies by offering a high degree of market access for their goods. A swift and straightforward replication of the current trading arrangement should provide certainty to traders and businesses – small and large, all across the region. This is not simply about avoiding any disruption to the status quo, but about securing a foundation enabling us to work together to strengthen and deepen our trading relationship in the future. We are counting on your support throughout. Underpinning all of this is our recognition that the UK’s relationship with our African partners represents an exciting and enhanced trading opportunity into the future. Our common values, shared history, and commercial confidence in each other’s economies mean we have a strong base from which to build. I look forward to seeing what more we can achieve together. * Lord Price is the UK minister of state for trade policy. Money Market Change Latest 3 months 0.00% 7.06% 6 months 0.00% 7.47% 9 months 0.00% 7.59% 12 months 0.00% 7.78% Bonds Change Latest GC17 (R203 : 6.8%) -0.04% 7.47% GC18 (R204 : 7.09%) -0.02% 8.00% GC21 (R208 : 7.5%) -0.04% 8.32% GC24 (R186 : 8.59%) -0.04% 9.81% GC27 (R186 : 8.59%) -0.04% 10.20% GC30 (R2030 : 9.13%) -0.04% 10.80% GC32 (R213 : 9.24%) -0.04% 10.95% GC35 (R209 : 9.58%) -0.04% 11.01% MARKET OVERVIEW Commodities %Change Latest Gold -0.46% $ 1,283.38 Platinum -1.26% $ 972.61 Copper 0.00% $ 6,411.00 Brent Crude 0.00% $ 51.75 Main Indices %Change Latest NSX (Delayed) 0.29% 1116.98 JSE All Share 0.69% 55,537.17 SP500 0.13% 2,441.32 FTSE 100 0.73% 7,362.96 Hangseng 1.36% 27,250.23 DAX 1.21% 12,158.94 JSE Sectors %Change Latest Financials 0.45% 15,512.13 Resources 0.57% 34,626.88 Industrials 1.00% 75,080.06 Forex %Change Latest N$/US dollar -1.05% 13.3274 N$/Pound -1.44% 17.2826 N$/Euro -1.45% 15.7004 US dollar/ Euro -0.34% 1.1781 Namibia Monthly Data Latest Previous Namibia Inflation (Jul 17) 5.4 6.1 Bank Prime 10.75 10.75 BoN Repo Rate 7.00 7.00 130 125 120 115 110 105 100 12/31/2013 The investment performance of N0 in the STEFi Index from 31 December 2013 to yesterday 3/31/2014 6/30/2014 9/30/2014 12/31/2014 3/31/2015 6/30/2015 9/30/2015 12/31/2015 3/31/2016 6/30/2016 9/30/2016 12/31/2016 3/31/2017 14-Aug-17 PUBLIC INVITATION ENVIRONMENTAL IMPACT ASSESSMENT FOR PROPOSED CONSTRUCTION AND OPERATION OF A NEW FUEL RETAIL FACILITY AT OSHIKUNDE, OHANGWENA REGION. Notice is hereby given to all interested and Affected Parties (I & AP’s) that an application will be made to the Environmental Commissioner in terms of Environmental Management Act (No. 7 of 2007) and its Regulations (2012) for the following intended activity. Proponent: Ayesha Trading Close Corporation Project name & Description: Construction and operation of Ayesha Service Station at Oshikunde village. Project Location: The proposed Service Station will be located at Oshikunde village along the C45 Road Eenhana - Okongo main road, Ohangwena Region Project Size: 2.1 ha Environmental Consultant: Ouholamo Trading & Environmental Solution cc All I & Aps are encouraged to register and raise concerns or provide comments and opinions. All I & APs will be provided with a Background Information Document (BID) during the meeting or can be requested from the Environmental Consultant..Submit your name and contact details. Pease submit all your issues, comments, and opinions to Ouholamo Trading & Environmental Solution cc by 31 August 2017 or attend the public meeting to be held at Oshikunde. Public Consultation Meeting: on 18 August 2017 at 14H00 to 17H00 Venue: Oshikunde Village (at the usual gathering place under the tree) Contact Tel: +264 812373101 or Email:

Tuesday, August 15 2017 | NEW ERA NEWS 15 High weaner prices: blessing or curse? Staff Reporter Windhoek The current high weaner price paid for by South African agents at auctions locally has a negative impact on the entire business value-chain of Namibia’s biggest slaughtering houses. This trend continues to affect the amount of live animals (raw material) available for purchase by Meatco’s feedlots and other facilities, as well as on the throughput of slaughter animals to abattoirs in the next two to three years. The sales can be ascribed to the good rains South Africa received in the past rainy season which created a bumper grain harvest, resulting in an oversupply that brought about a decrease in prices. Similarly, in Namibia this led to an increase in the demand for weaners at the South African feedlots, which was caused by the recurring drought experienced regionally. U n d a m u j e H a m b i r a , communication officer of Meatco, says because of the favourable conditions in South Africa, the Photo: Contributed Weaners wanted… Local production of grain holds the solution to ensure that slaughterhouses and feedlots in Namibia continue to have sufficient weaners that can be raised into slaughter-ready cattle to sustain the meat industry. feedlots are now filling the current gap with weaners by sourcing them from Namibian farmers at prices that can sustain and revive that cattle industry. Two critical questions arise from this situation, farmers and the Namibian beef industry want to know how will this trend ensure the sustainability of the agricultural sector going forward, and what will encourage the average farmer to keep his/her weaners and raise them into slaughter-ready cattle? Abrie Van Wyk, the manager of commercial livestock procurement of Meatco, says on a short-term basis Meatco is under pressure to purchase weaners due to the high prices for specific younger weight categories predominately offered by the South African feedlots. “Similarly, this trend affects Meatco in the long-term because producers who are currently marketing their weaners in return for these high prices, are now depleting the animal (weaner) numbers that should be slaughtered through the abattoir in 2019. “Additionally, for the Namibian farmer to buy these weaners at the present high purchase price and raise them until oxen level, continues to be less financially beneficial due to the negative implications it poses on production systems at this stage,” Van Wyk adds. “The biggest challenge for Namibia at the moment is the lack of producing grain/fodder in bulk to retain weaners exported to South Africa,” Goliath Tujendapi, the Meat Board of Namibia’s manger: Trade & Strategic Marketing, says. “Through this, between 160,000 and 200,000 weaners continue to be exported to that market every year. This excessive export of weaners from Namibia to South Africa, which currently stands at 61%, also transfers raw materials and potential workforce into that economy thus affecting the local economic growth. As a result, the Meat Board of Namibia as a statutory body that facilitates exports in Namibia, constantly engages with government to initiate green scheme projects for the local production of grain, which will ensure that slaughter houses and feedlots continue to have sufficient weaners that can be raised into slaughter-ready cattle to sustain the meat industry,” Tujendapi adds. Only through government and the Meat Board’s efforts to establish grain production schemes locally, can the meat industry’s sustainability be secured. Farmers invited to mass meeting on land Staff Reporter Windhoek As the clock starts counting down towards the Second National Land Conference, which has been slated for the week of September, it seems various stakeholders are slowly and eventually getting out of their slumber to start preparing their various constituencies for this all important land indaba. One of those lately joining the growing chorus of mobilisers mobilising their communities of the landless and interested in the land question, is the chairperson of Ongombe Farmers Association and chief organiser of the annual Okamatapati Show Albert Tjihero, who is calling everyone with a vested interest in the land question to a brainstorming meeting at the English Primary School in Katutura in Windhoek at 14h00 on Saturday. Tjihero says he is aware of the meetings which have been taking place lately, but which have been disjointed and scattered, according to the various interests groups; hence, the need for a mass meeting – irrespective of political, traditional or regional affiliation. He says the meeting is particularly for those interested in farming, because farming cannot take place without land. Hence, both farmers and aspiring farmers must take keen interest in the envisaged second national land conference. He says eminent people within the community are expected at the meeting to lead it by elucidating to those in attendance key points that they should take to the land conference. Meanwhile, Swanu of Namibia has also scheduled a meeting next Monday, August 21, at the UN Plaza in Windhoek’s residential area of Katutura, where the land question is also expected to come under the microscope in anticipation of the mooted second national land conference. Only two weeks ago the Zeraeua Traditional Authority convened a meeting in the Omatjete communal areas of Daures Constituency for the same purpose of crystalising its position on the land question before the said conference. Similarly the Ovambanderu Keen on land… Chief Turimuro Hoveka (fight) and his councilor, Obded Kamburona and Hannah Siririka, during a meeting on the Land Reform Bill in Windhoek earlier this year. On Saturday a mass meeting organized by one of the foremost indigenous farmers in the country, Albert Tjihero, is calling all farmers for before the national land conference next month. Traditional Authority under Kilus Nguvauva has just emerged this weekend from a similar two-day indaba at its traditional seat of Omimbonde Vitano at Omauezonjanda in the Epukiro Constituency. Picture: Vezunda Kaute Starting out… Fourteen-year-old Vezunda Kaute, cleaning cattle before judging during the just-ended 7th Katutura Expo in Windhoek. Don’t be surprised when in a few years be becomes a budding breeder himself. Agra to pay first dividends WINDHOEK The Agra Limited Board of Directors has announced the approval of Agra’s first dividend payment. The dividend amount will be determined with the finalisation of the company’s financial statements at the end of this October. The date of payment will be determined at the Agra Annual General Meeting (AGM), which is scheduled for December 8. Agra Limited shares became transferrable in February 2013 with the conversion of Agra from a co-operative to a public company. Since then, almost 20 million Agra shares have been traded. Shares are actively traded via an over-the-counter (OTC) market service, administered by the Namibian Stock Exchange. According to the latest OTC Market report, this year almost two million shares have been traded for a total of N 878 855, averaging a price of N,46 per share. “This dividend payment announcement marks another significant milestone for Agra,” said Arnold Klein, the chief executive officer (CEO) of Agra. “Our strategic focus and core business remains our service to the agricultural industry, our objective being to reach a point where Agra’s value and achievements are reflected in our share price. I want the current share-holders of Agra, who are mainly the agricultural producers of Namibia, to enjoy the benefits of a growing Agra and a growing share price,” says Klein. Transfer Secretaries (Pty) Ltd, Agra’s agent, will correspond with all shareholders to obtain the banking details as payments will be made electronically. The Transfer Secretaries can also be contacted at +264 61 226 47 or

New Era

New Era Newspaper Vol 22 No 167