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New Era Newspaper Tuesday August 29, 2017

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New Era Newspaper Tuesday August 29,

Vol. 22 No. 267 Windhoek, Namibia Tuesday, August 29 2017 eingob rules out IMF bailout Inside Today Tokyo freezes North Korealinked assets, including in China and Namibia Japan’s Cabinet on Friday approved the imposition of new unilateral sanctions on a number of companies and individuals from China, Namibia and North Korea in a bid to further pressure Pyongyang over its nuclear and ballistic missile programmes. Page 3 Namibian rugby wunderkind Smith joins Wolfpack Namibia young rugby sensation Collen Smith has joined Bury St Edmunds Rugby Club after he was unveiled as one of the club’s new signings for this season. Page 9 Photo: Nuusita Ashipala Promoting trade… President Hage Geingob yesterday toured the exhibition hall at Ongwediva Trade Fair in a celebratory mood. Aletha Nguvauva leads breakaway from OTA Selma Ikela Windhoek A faction that supports Aletha Nguvauva as the rightful claimant to the Ovambanderu chieftaincy has announced the establishment of an Ovambanderu Traditional Council (OTC), saying they are no longer members of the official Ovambanderu Traditional Authority (OTA). The OTA is led by Ovambanderu chief Kilus Nguvauva. According to a member of the faction supporting Aletha Nguvauva, this means that in future the OTA under Kilus would no longer be allowed to interfere in or prevent the newly founded OTC from organising community events and commemorations. They hold that Aletha has the customary right to lead her followers under the auspices of the OTC and furthermore that the OTA has no “jurisdiction over people who are not their members”. Nuusita Ashipala Ongwediva EXPERIENCE NWR LIKE NEVER BEFORE BOOK ONLINE or CONTACT US! : ☎ +264 61 285 7200 or +27 21 422 3761 President Hage Geingob yesterday insisted that government is not to blame for the current economic downturn that has led to Namibia’s credit-rating being downgraded to sub-prime status. The subdued economy resulted in Namibia’s unsecured bonds being downgraded by international ratings agency Moody’s and there have also been significant job losses in the private sector, particularly construction. Geingob explained that the government is not to blame for the economic downturn and reiterated that it was caused mainly by subdued commodity prices and a drop in Southern African Customs Union (SACU) receipts. He said although the country faces an economic slowdown, Namibia will not seek International Monetary Fund (IMF) bailouts, nor will it accept the so-called “structural reform packages” from external parties. “That is why Namibia has never gone to the IMF for an economic bailout package or entertained any internationally imposed structural reform programmes. Most of our debt is local and in keeping with continuing the legacy of my predecessors,” he said yesterday at the 18th Ongwediva Annual Trade Fair. Photo: Emmency Nuukala Making a living… Forty-year-old Usebia Haikondja, an unemployed mother of four, weaves a traditional basket at her home at Okahandja Park informal settlement outside Windhoek. Haikondja makes and sells baskets on request. It is her sole source of income and she uss it to take care of her children. She says it usually takes four days to a week to finish weaving a basket, depending on the size. With little else to do, this is how Haikondja keeps herself busy while her children play in the background. She buys dried palm trees leaves for her business at an open market in the vicinity. Only two survive from old SPYL central committee Ephraim Nekongo Staff Reporter Windhoek Only two members of the previous central committee of the Swapo Party Youth League (SPYL) were re-elected to the structure at the congress held in Katima Mulilo over the weekend. The outgoing central committee was elected at the ALETHA on page 2 league’s last congress in 2012 and served for a five-year term. Tuyeni Kandume and Lazarus Shitenga were the only two members of the previous central committee to be retained. Some members of the outgoing central committee did not seek re-election due to age, while those that took a shot at reelection – apart from Kandume and Shitenga – failed in their bid. The SPYL congress endorsed Ephraim Nekongo as secretary and Christine Haindaka as deputy secretary. Mandela Kapere and Meryam Nghidipo withdrew from the race as candidates for the secretary’s position – leaving Nekongo as the sole contender. Haindaka went into congress as one of three contestants for GEINGOB on page 2 the deputy secretary’s position, but her two rivals withdrew at last minute, thus handing her the candidacy on a platter. Nekongo yesterday declined to discuss his vision as the new SPYL secretary, saying he would soon share with the public what he intends to achieve over the coming five years. SPYL on page 2 DUWISIB CASTLE FROM N$ 440.00 * * For NamLeisure Members, Terms and conditions apply New Era Newspaper @NewEraNewspaper #NewEraNewspaper • •

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