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New Era Newspaper Tuesday December 12, 2017

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10 Inside BUSINESS

10 Inside BUSINESS Nuyoma re-appointed GIPF CEO WINDHOEK David Nuyoma has been reappointed as the CEO for the Government Institutions Pension Fund for the next five years. His re-appointment will come into effect as from January 1, 2018 until 2022. GIPF manager for stakeholders’ engagement, Daylight Ekandjo, in a media statement on Friday said that Nuyoma has a wealth of experience and greatly im- ment sectors over the years. “The GIPF has managed to maintain adequate solvency levels, enhance corporate governance and service delivery as well as cultivate a high performance culture during his tenure,” Ekandjo stated. Nuyoma joined GIPF in January 2013 and under his leadership the fund grew from N billion to N6 billion in 2017, the statement said. Ekandjo indicated that GIPF’s assets had doubled since 2013, whilst the fund’s service delivery improved. Nuyoma’s re-appointment was signed and approved by GIPF Board of Trustees chairperson, Goms Menette. – Nampa Tuesday, December 12 2017 | NEW ERA Government Institutions Pension (GIPF) CEO David Nuyoma and chairperson of the Board of Trustees, Goms Manette. Photo: Nampa Otjivalunda salt mining faces community resistance Meet the people… Members of the Iipumbu yaTshilongo Community Conservancy in a meeting addressed by Environment and Tourism Minister Pohamba Shifeta on community conservancy issues on Friday. Photo: Nampa MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months 0.00% 7.73% CGP CAPRICORN INVESTMENT GROUP L 1808 0.00% 9 months 0.00% 7.98% NBS NAMIBIA BREWERIES LTD 3900 0.00% 12 months 0.02% 8.33% BVN BIDVEST NAMIBIA LTD 785 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4669 0.00% GC18 (R204 : 7.61%) 0.02% 8.52% ORY ORYX PROPERTIES LTD 2060 0.00% GC21 (R208 : 8.35%) 0.02% 9.17% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 9.25%) 0.03% 10.47% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 9.25%) 0.03% 10.86% BMN BANNERMAN RESOURCES LTD 62 0.00% GC30 (R2030 : 9.71%) 0.01% 11.38% DYL DEEP YELLOW LTD 324 2.53% GC32 (R213 : 9.77%) 0.02% 11.48% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.94%) 0.01% 11.37% FSY FORSYS METALS CORP 170 11.11% GC37 (R2033 : 9.88%) 0.01% 11.88% TUC TRUSTCO GROUP HOLDINGS LTD 745 0.00% %Change Latest B2G B2GOLD CORP 3558 0.20% Gold -0.04% $ 1,246.71 Platinum -0.15% $ 892.55 Copper 0.00% $ 6,564.00 Brent Crude 1.24% $ 63.08 %Change Latest NSX (Delayed) -0.01% 1212.00 JSE All Share -0.01% 58,007.67 SP500 0.29% 2,636.98 FTSE 100 0.32% 7,344.10 Hangseng 1.19% 28,639.85 DAX 1.20% 13,202.00 %Change Latest Financials -2.09% 16,051.75 Resources 0.22% 35,546.95 Industrials 0.78% 80,203.49 %Change Latest N$/US dollar -0.83% 13.6189 N$/Pound -1.05% 18.3142 N$/Euro -1.16% 15.9829 US dollar/ Euro -0.31% 1.1736 Latest Previous Namibia Inflation (Oct 17) 5.2 5.6 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 ENGOMBE Community members of the Iipumbu yaTshilongo Community Conservancy in the Oshana Region’s Uuvudhiya Constituency, have once again rejected the idea of mining activities being carried out at the Otjivalunda salt pan in the constituency. They expressed their disapproval during a community meeting held between them and the Minister of Environment and Tourism, Pohamba Shifeta, at Engombe village on Friday. Otjivalunda salt pan, commonly known as Ekango lyOmongwa, has been used by people from several parts of northern Namibia to harvest salt through traditional ways for the past hundred years. “Ekango is a monument of our history and a traditional heritage for many of us here in northern Namibia. It should be treated as such, and we will not allow it to be destroyed through a mining consortium of individuals,” the Iipumbu yaTshilongo Conservancy community told Shifeta. The community believes its access to Ekango lyOmongwa and the right to harvest the salt from there will be forfeited to the company, which is planning to start salt mining and soap production, if the government allows mining at the pan to go ahead. A company called Gecko Namibia has entered into a joint venture with the Ondonga and Uukwambi traditional authorities to establish a salt mining and soap production entity, Ondonga-Uukwambi Mining Enterprises (OUME), to embark upon mining activities at Ekango lyOmongwa. Ondonga and Uukwambi traditional authorities are responsible for the said salt pan area. The Mines and Energy Ministry in 2010 reportedly issued an exclusive prospecting licence (EPL 4365) to OUME for the purpose of mining at the pan. Under such EPL, the OUME is authorised to do prospecting activities to verify the quantity and quality of the said resource. However, the community resisted the proposed mining activities. “Ekango is our god-given gift and as such, it should remain a community asset,” claimed the present community members. Shifeta declined to respond to the community’s sentiments during the meeting at Engombe, saying the issue of salt mining at the pan has become a legal matter. He instead informed the community members that it is their constitutionally guaranteed right to disapprove any development initiative, once they Otjivalunda salt pan is located immediately north of the Etosha National Park and about 100 kilometres south of Oshakati. – Nampa

Tuesday, December 12 2017 | NEW ERA Inside BUSINESS 11 East German village sells for 140,000 euros BERLIN The only bidder at an unusual auction on Saturday put down 140,000 euros and walked away the new owner of a small slice of German history: the village of Alwine, population 20. Its empty homes and ageing residents mirror East German hinterlands since the country’s reunification 27 years ago. The anonymous buyer, who bid by telephone, scooped up the community that real estate auctioneers Karhausen had given a starting price of 125,000 euros - Photo: Nampa/AFP was sold to private investors for one “symbolic Deutschmark,” the pre-euro German currency. The two brothers, who were the original buyers of its dozen buildings, plus sheds and garages, did not manage to stop its slide into neglect. Only about 20 mostly retired people still live in the cluster of decaying homes in rural Brandenburg state, 120 kilometres south of Berlin. During World War II, the Hitler Youth trained around Alwine and prisoners of war were incarcerated nearby. Then the Iron Curtain went up and it became part of Germany’s communist East. cation, all the property in Alwine, which once counted about 50 residents, was owned by a nearby coal briquette plant, the oldest in Europe. The plant closed in 1991 and many people left as the work dried up. Alwine is not the only such community in eastern Germany, which still lags behind the west in prosperity, wages and jobs with a per capita GDP that was only 67 percent of that in western states in 2015. Between 1990 and 2015, the eastern region’s population fell by about 15 percent, according to a government report this year. “After reunification, many people moved away for jobs,” Hildegard Schroeteler-von Brandt, a professor of architecture and urban studies at Siegen University, said before the sale. “These jobs have not been replaced everywhere in East Germany.” Andreas Claus, the mayor of Uebigau-Wahrenbrueck of which Alwine is a part, said: “People in economically underdeveloped areas feel left alone with their problems.” During the elections in September, nearly 23 percent of Uebigau-Wahrenbrueck voted for the far-right Alternative for Ger- national average. – Nampa/AFP BUENOS AIRES The World Trade O r g a n i s a t i o n opened a conference Sunday under the cloud of US hostility to multilateral trade accords. The 164-member WTO is also wracked by disagreements over China and has been struggling to kickstart stalled trade talks. The Buenos Aires meeting, which lasts through Wednesday, is President Donald Trump, who has pummelled the body relentlessly since it as a “disaster.” The Trump administration has made the WTO a preferred target of its “America First” policy, threatening to pull the US out of the trade organisation it says is hampering its ability to compete. Argentina’s President Mauricio Macri said, in opening remarks that “WTO more WTO – not with less WTO.” Trump has already withdrawn the United States from the Trans-Pa- and insisted on renegotiating the North American Free Trade Agreement and Canada. WTO director-general Roberto Azevedo said Sunday he would ask US Trade Representative Robert Lighthizer for “political commitment, political ity we will not get any- where,” Azevedo said at an opening press conference at a Buenos Aires hotel. Washington has been blamed for blocking appointments of judges to the WTO’s dispute settlement system, saying it was ineffective and insisting on a more aggressive approach to defending its interests. The dispute body arbitrates international rows over subsidies or tariffs, among other things playing an important role in the standoff between CALL FOR PUBLIC PARTICIPATION ENVIRONMENTAL IMPACT ASSESSMENT FOR THE EXTENSION OF RUNDU PRIVATE HOSPITAL IN RUNDU URBAN KAVANGO EAST REGION CONSERVER INVESTMENT CC (Environmental Consultants) have been engaged by RUNDU PRIVATE HOSPITAL to conduct a full Environmental Impact Assessment (EIA) and develop an Environmental Management Plan (EMP) for the above mentioned project so as to obtain an Environmental Project Description: Location: How to Participate: We invite all Interested and Affected parties (I& Aps) to INTERESTED AND AFFECTED PARTIES (I &Aps) 15 DECEMBER 2017 to the Environmental Consultant or alternatively attend a public meeting to be held on the 15 DECEMBER 2017 at the proposed project Contact details for comments and further information: M.P HAUSIKU Cell: +264817637974/ +264814087482 Email: CONSERVER INVESTMENT CC (Environmental Consultants) Service delivery is our motto US and European planemakers Boeing and Airbus. The European Union, on the other hand, comes to the conference with a robust spirit of multilateralism. The EU and Japan announced Friday that they agreement. EU officials will also meet with counterparts from the South American trade bloc known as Mercosur to continue talks on a free trade accord. These discussions have been going on for nearly 20 years. of a breakthrough at the Buenos Aires meeting are low. For the past decade, the WTO has failed to make progress in the so-called Doha Round of trade liberalisation talks, which began in 2001. The WTO is also accused of failing to do enough to resolve problems that some of its members have with China. “There is life after Buenos Aires,” said the president of the conference, Susana Malcorra of Argentina. She has said a deal was likely to end of keen interest to developing countries. Beijing, meantime, wants to be seen by the WTO as a “market economy,” but the Europeans and the United States - for once on the same wavelength on trade issues - oppose this. Any such recognition would entitle China to preferential economic treatment under WTO rules. NOTICE EXTENSION OF CLOSING DATES Bidders who have responded or intend to respond to the bid mentioned revised and extended as follows: It is currently classed as a non-market economy. That status allows the US and others to use a special recourse to levy anti-dumping duties against China if they determine that it is selling its goods - notably steel and aluminum - at unfairly low prices abroad. A European diplomat in Buenos Aires said protectionist US rhetoric may actually give fuel to negotiations between the EU and Mercosur. – Nampa/AFP G/ONB/NPWR-04/2018 : Supply and Delivery of SDH Upgrade Equipment Original Submission Closing Date: Friday, 15 December 2017 at 12:00 pm. Revised Submission Closing Date: Friday, 12 January 2018, at 11:00 am, Namibian time. The Bidding document is still available on the NamPower website ( Enquiries pertaining to this invitation should be directed to: or to Mr. Johannes Shivute, Procurement Administrator, at Tel +264 61 205 2312/2396/2258. Kindly submit your proposal in a sealed envelope and clearly marked: “G/ONB/NPWR-04/2018,” addressed to the The Secretary: NamPower Procurement Committee, to be deposited into the Bid Box located in the foyer at NamPower Centre, 15 Luther Street, Windhoek, Namibia. KINDLY NOTE: ALL INVITATIONS ARE SUBJECT TO THE PUBLIC PROCUREMENT ACT 15 OF 2015 AND ITS REGULATIONS AND GUIDELINES.

New Era

New Era Newspaper Vol 22 No 167