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New Era Newspaper Tuesday February 13, 2018

12 Inside BUSINESS

12 Inside BUSINESS Tuesday, February 13 2018 | NEW ERA New NHP offices aim to enhance service experience Staff Reporter Windhoek Medscheme Namibia, medical administrators of Namibia Health Plan (NHP), last week unveiled new premises next to the Lady Pohamba Hospital in Kleine Kuppe, that will service its clients in Windhoek. “The new premises are aimed at enhancing the service experience for our NHP clients. We intentionally hub, to make access to healthcare providers easier for clients,” says Director of Medscheme Namibia. “Let me also use this opportunity to thank the medical aid fund industry and service providers for effective partnership, cooperation and support which enable us to and seize emerging opportunities in growth opportunity is one such moment and it comes at the time when our economy is emerging out of a downturn with prospects of positive growth on the horizon,” said Minister of Finance, Calle ERONGO REGIONAL COUNCIL INVITATION FOR BID New home… Minister of Finance, Calle the inauguration of NHP’s Photo: Contributed inauguration. He also called on NHP and the medical aid funds industry in general to aim for greater inclusiveness, affordability and reliability in its service offerings. “We take pride from the fact that our private health system is largely self-reliant in terms of funding. This is, however, concentrated and caters for about 14 percent of the population, with the public healthcare having to contend with just over 80 percent of the population,” said Schlettwein. With a service centre at both quick and convenient service for members. Furthermore, the new hospital and a shopping centre. “Having moved into the new premises in December 2016, we have used the last two months to ensure Our customers are giving resounding they expressed delight that they feel safer and that there is ample parking. Some have complimented the open plan saying that this spacious environment makes them feel more kind of feedback we were looking to receive from the members,” added Saunderson. Despite a negative growth and increasing costs of healthcare, future. “Prospects for the foreseeable future are very positive. Our aim is to provide members with innovative complementary products and services while doing our best to ensure that healthcare costs remain affordable. “We hope that the new premises will also motivate our staff and portray the right image to the customers,” concluded Saunderson. BIDDERS ARE HEREBY INVITED TO APPLY FOR THE FOLLOWING BID IN ERONGO REGION BID NUMBER: NCS/ONB/ERC- 02/2017/2018 DESCRIPTION: BID DOCUMENTS: PROVISION OF SECURITY SERVICE TO THE FOLLOWING OFFICES: Uis Storeroom Karibib Warehouse AVAILABLE AS FROM 14 FEBRUARY 2018 AT THE ERONGO REGIONAL COUNCIL HEADS OFFICE IN SWAKOPMUND CLOSING DATE: AT 11H00, 13 MARCH 2018 LEVY: PAYABLE AT: CONTACT PERSONS: DELIVERY ADDRESS: N0.00 (NON-REFUNDABLE) FINANCE FROM 8H00 TO 12H00 DIRECTLY INTO THE BID BOX BEFORE THE CLOSING DATE AND TIME AT ERONGO REGIONAL COUNCIL HEAD QUARTER IN SWAKOPMUND RMB Namibia wins award for Best Trade Finance Provider Staff Reporter Windhoek RMB Namibia’s Trade and Working Capital division was recently recognised as the Best Trade Finance Provider in Namibia by the Global Finance Magazine. The award was made based on a number of factors, including transaction volume, global coverage, customer service, competitive pricing and innovative technologies – all of which are part of RMB Namibia’s solutions-driven ethos. RMB Namibia has been hailed for being at the forefront of providing innovative trade and working capital solutions, which are not only critical for importers and exporters to reduce commercial and settlement risk, but correctly used also improve the business of traditional trade instruments goes back a long way, the increasingly uniqueness of commercial transactions/ contracts demands that trade solutions are accordingly tailored to meet the requirements of trading partners. “In simple terms, trade finance allows buyers and value of transactions by using trade instruments, like a bank guarantee in the acquisition of goods and services. The subsequent reduced transaction risk enables the parties to agree better payment terms,” says RMB Trade and Working Capital transactor, Jason Shikalepo. He joined the bank last year after working for the public and private sectors where he negotiated a number supply and off-take agreements with local and international raise cheaper debt against correctly structured bank payment guarantees, whilst the buyer draws comfort that payment will only be made after pre-agreed milestones have been reached,’’ adds Shikalepo. RMB Namibia’s aim is to partner with clients in structuring their short-term funding requirements to allow working capital to be released to the business. This can either be invested in inventory, extend the debtor payment terms or reduce creditor payment terms. “We use our global relationships and platforms, combined with our local insights across industries and sectors to provide solutions for businesses in all sectors,” says Shikalepo. “We recommend that importers and exporters consult with their bank prior to agreeing on payment terms to discuss whether solutions exist to boost working capital for both parties.” RMB’s Trade and Working Capital division has recognised the need for innovation, encouraged by the RMB group the way it does business, the way it services its partners, and the way it mitigates risk through solutionist thinking’.

Tuesday, February 13 2018 | NEW ERA Inside BUSINESS 13 What is cryptocurrency? An interview with Gavin Marshall Gavin Marshall Bank Windhoek will be hosting an information session on cryptocurrencies on February 15 at the National Theatre of Namibia. During the session, Gavin Marshall is expected to deliver some valuable insights on the topic. Marshall is a consultant training instructor at the Blockchain Academy and is a well-known speaker on cryptocurrencies and blockchain technology at conferences and events world-wide. As the founder and creator of Sharebit, a blockchain-based application which allows individuals to register, manage, track and transfer shares in both legal and informal entities, he has a thorough knowledge and understanding of the subject. The following is an extract from an interview with Marshall, wherein the public can glean more knowledge on the topic. Q: Where did cryptocurrency technology originate? A: Cryptocurrency originated with the cypherpunk movement in the late 1990s experimenting with using various cryptographic technologies to create alternate ways for people to transact with each other without needing a trusted third party to safeguard the ledger. Nick Szabo, Adam Back, Hal Finney and Wei Dai were all pio- Bitcoin whitepaper being released in October 2008 by someone (or a group of people) with the pseudonym of Satoshi Nakamoto. The released early in 2009. Q: What is the difference between cryptocurrencies and blockchain technology? A: The blockchain is one part of a suite of technologies that enable us to secure a decentralized, distributed ledger. Cryptocurrency creates the incentive to secure the ledger (a process known as mining). In order to have a permission-less decentralised ledger without needing a trusted third party, a blockchain needs an incentive - namely a cryptocurrency. There have been a number of experiments to separate ‘blockchain’ from needing a cryptocurrency, but all of these need trusted, permissioned entities to safeguard the ledger. Q: What is the current state of cryptocurrencies? We have seen a decline in its value since December? A: It really depends on how of USD, we’ve seen a correction in the market - the massive rise in December was unrealistic and generally driven by hype and FOMO (Fear of missing out). In terms of utility value - this is continuously growing as the technology becomes more scalable etc. As an example, Lightning Network (a 2nd layer technology in the Bitcoin space) is revolutionary in terms of being able to eventually handle millions of (micro) transactions per second with very little transaction fee, without compromising security or decentralisation. Personally, I think we’re only seeing the tip of the iceberg in terms of value. Q: In you view, what is the future of blockchain tech? A: I think initially the reaction has been to try and separate blockchain tech from cryptocurrencies and build a number of essentially centralized and permissioned versions - i.e. private blockchains. This is an usual response to a new technology. As we start learning to understand and trust the decentralized permission-less systems (Bitcoin, Ethereum) they will become a technology layer very similar to the internet where we start building tech on top of this ‘trustware’, rather than reinventing the wheel with ‘our own’ blockchains. At the moment this technology is still very new. I would compare it to the internet shortly after the browser had been developed. As it evolves it will have a similar, or even greater impact on how we operate as humans (and interact with machines) as the internet had. Unlike the economist Paul Krugman, who predicted that the internet would have no more impact on the economy than the fax machine, I believe it’s not unrealistic to predict that this technology will revolutionize how we trade, raise funds, store value and even govern ourselves as human beings. The impact will be massive. Parliamentary visit… The Parliamentary Standing Committee on Foreign Affairs, Defence and Security recently paid a courtesy call to Namport’s management. Namport CEO Bisey Uirab welcomed the delegation and said: “It is a great honour to be able to share with the attendees on the security procedures that the company has deployed.” As an entity Namport has invested resources in the area of security to minimise threats to the company as well as to ensure that security and peace are maintained at all times. The committee’s visit was aimed at acquainting themselves with the security set-up of Namport, its achievements as well as the challenges the company might face in the area of safety and security. The delegates were briefed on Namport’s security policies and then later taken on a site visit to the new container terminal. Photo: Contributed MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months 0.00% 7.59% CGP CAPRICORN INVESTMENT GROUP L 1802 0.00% 9 months -0.01% 7.73% NBS NAMIBIA BREWERIES LTD 4000 0.00% 12 months -0.01% 7.98% BVN BIDVEST NAMIBIA LTD 785 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4658 0.00% GC18 (R204 : 7%) -0.03% 7.91% ORY ORYX PROPERTIES LTD 2050 -0.49% GC21 (R208 : 7.26%) -0.04% 8.08% NAM NAMIBIAN ASSET MANAGEMENT LT 69 0.00% GC24 (R186 : 8.39%) -0.04% 9.61% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.39%) -0.04% 10.00% BMN BANNERMAN RESOURCES LTD 39 -2.50% GC30 (R2030 : 8.89%) -0.04% 10.56% DYL DEEP YELLOW LTD 233 0.87% GC32 (R213 : 8.97%) -0.04% 10.68% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.29%) -0.04% 10.72% FSY FORSYS METALS CORP 118 7.27% GC37 (R2033 : 9.1%) -0.04% 11.10% TUC TRUSTCO GROUP HOLDINGS LTD 850 0.00% %Change Latest B2G B2GOLD CORP 3285 -5.00% Gold 0.18% $ 1,319.01 Platinum -0.05% $ 964.89 Copper 0.00% $ 6,755.00 Brent Crude 1.44% $ 63.32 %Change Latest NSX (Delayed) -0.20% 1322.65 JSE All Share 0.22% 56,027.79 SP500 1.49% 2,619.55 FTSE 100 1.09% 7,169.72 Hangseng -0.16% 29,459.63 DAX 1.49% 12,287.52 %Change Latest Financials 0.13% 17,324.92 Resources 0.18% 35,050.57 Industrials 0.47% 73,102.43 %Change Latest N$/US dollar -0.21% 11.9678 N$/Pound -0.08% 16.5790 N$/Euro -0.11% 14.6765 US dollar/ Euro 0.09% 1.2263 Latest Previous Namibia Inflation (#N/A Requesting Data...)5.2 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75

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New Era Newspaper Vol 22 No 167

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