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New Era Newspaper Tuesday February 27, 2018

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12 Inside BUSINESS

12 Inside BUSINESS Tuesday, February 27 2018 | NEW ERA Namib Desert is one of recommended eight deserts to visit The Sossusvlei Desert Lodgepart, one of the lodges in the Namib. (Photo: And Beyond) namibia’s desert has been named as one of the “far in Africa. According to the report by Bloomberg, if you’re done following the herd to the beach or ski slopes and really want to escape the modern world, you might consider exploring one of the world’s deserts. Bonus: It’s unlikely to rain. is designated desert—places that receives less than 10 inches (25 centimeters) of precipitation a year. From stargazing in Chile’s Atacama Desert to exploring the sand cathedrals of Chad, desert adventures can be had on every continent. Here are eight of the best: Ancient Sands: Namib Desert Barely changed in more than 2 million years, the 81,000 square kilometers of ever-shifting grit and sand that stretches from Angola through namibia into South Africa make the namib—translated as “Vast Place”—one of the world’s largest desert environments. Coastal fog provides just enough life-giving moisture to plants and animals adapted to the harsh conditions. This nine-night trip, led by an expert naturalist guide, ticks a lot of boxes. From trekking in the Sossusvlei—which claims to have the world’s highest sand dunes—to exploring the eerie shipwrecks along the Skeleton Coast and tracking the desert-adapted black rhinoceros in the rugged Palmwag Concession, the namib proves that emptiness needn’t mean a lack of adventure. Tough Trip: Ennedi Desert northern Chad is probably not at the top of your vacation list; infrastructure and even less comfort. But the Unesco World Heritage Site of the Ennedi Massif, in the middle of the Sahara, is something to behold. Wind and water have sculpted the sandstone plateau into extraordinary rock formations, including the stunning 120-meter-high Aloba Arch. In the region’s south you’ll gueltas, home to desert crocodiles. Add local markets and chance encounters with the nomadic Tubu people and their camel caravans, and the region is ripe for exploration. But glampers beware: The terrain is tough, and accommodation is seriously no-frills. Bespoke Beauty: Sahara Desert If you can’t bear the thought of slumming in the sand, this lies at the other end of the comfort spectrum. With Black Tomato’s personalized “Blink” service, you can customize practically every detail of your trip to the Erg Chegaga sand dunes in Morocco’s southern Sahara region. From the dinner menu to the décor of your tent, every detail is yours to dream up. Your three nights could be fancy glassware, while daytime experiences may include breadmaking or hot-air ballooning over the dunes. once your experience is over, the camp will be dismantled, with no trace left. The tailored experience was yours and yours alone. Picture Perfect: Antarctica The driest, coldest continent on Earth is technically a 5.5-millionsquare-mile desert. Despite icy conditions, less rain falls in Antarctica than in the Sahara. Travelers who make it this far south tend to visit only once, making a photography trip the ideal way to preserve those memories. Cruising on the freshly refurbished ocean Adventurer with a photography expert in tow, you’ll cross the Drake Passage, gaze at towering icebergs, and learn how to capture stunning scenery and unique wildlife, from penguin rookeries to minke whales. A dip in the freezing waters is optional. Explorers’ Footsteps: Lut Desert Following in the footsteps of Marco Polo and 20th century explorer Sir Wilfred Thesiger, this 220-kilometer hike across Iran’s Lut Desert is no walk in the park. The 13-night expedition (including eight days of walking) takes you through terrain so hostile or fauna. Following a route few people have undertaken, you’ll traverse the spines of sand dunes and dried lakes and stand in craters left by meteorites. A word of caution: The Lut desert is a contender for one of the hottest places on Earth. In 2005, satellites recorded a surface temperature of 70.7 °C (159.3F). All water carried is strictly for consumption—making wet wipes your sole bath time buddy. Clearest Skies: Atacama Desert Trudging across the sand in blistering heat isn’t everyone’s idea of a good time. For the pampered desert experience, head to Alto Atacama Desert Lodge & Spa in Chile’s Atacama Desert. With its own open-air observatory, plus powerful telescope perched atop a nearby hill, you’re perfectly placed to experience one of the clearest skies in the Southern Hemisphere. If you eventually tire of daytime spa treatments and the resort’s six outdoor pools—comprising far more water than the single millimeter of rain that falls here each year—the lodge offers more than 30 guided, sustainably minded desert excursions, including volcano climbs, mountain biking, and exploring ancient Inca ruins. Beyond Uluru: Simpson Desert Appreciate Australia’s most famous natural landmark from the comfort of Longitude 131°, a luxury desert camp in the Simpson Desert, where the sacred sandstone is always in sight. Fifteen luxury in the bush, all with spectacular views of Uluru. By day, take to the air, hit the saddle, or opt for the back of a camel to explore the outback. At night, check out the Field of Light, where 50,000 spindles of light cover an area the size of seven Bruce Munro has been so popular, it was recently extended through the end of 2020. Don’t think about climbing the rock, however. While it’s not yet prohibited, the Anangu landowners of the Uluru-Kata Tjuta national Park respectfully ask that tourists refrain from scaling the sacred climb will come into effect on oct. 26, 2019. Dune Living: Thar Desert Covering 200,000 square kilometers, the Thar Desert, which stretches from northwest India into Pakistan, has the dubious accolade of being the world’s most densely populated desert, with 83 residents per square kilometer. Put that into context, though—new York has 27,000 people crammed into the same amount of space—and you’re still going to have a pretty quiet time. Just outside Jaisalmer, known as the golden City, the Serai is a superluxury camp consisting of 21 tents set on a vast private desert estate, a throwback to the royal caravans of the Rajput era. Six boast their own walled gardens, while the jewel in the crown, the Royal Tented Suite, has its own pool, spa and separate dining and lounge tents. If you can be bothered to do anything but laze, desert drives and culinary classes will help pass the time, while excursions into the desert citadel and to the World Heritage Site of Jaisalmer will give you a look at life in Rajasthan. – Bloomberg Hong Kong Asia builds on global rally as interest rate fears ease Asian markets picked up Monday where they left off last week, with gains across the board as investors tracked a healthy lead from Wall Street. The advances helped take another bite out of the big losses suffered at the start of February, which was caused by concerns over could lead to higher US interest rates. Those worries were eased somewhat Friday when the Federal Reserve, in its semi-annual report subdued globally and it expects to lift borrowing costs three times this year -- tempering speculation it could make four hikes. However, analysts warn that equity valuations remain elevated and volatility could still return. Monday’s positive start comes at the start of a busy week, with the release of key US data including economic growth, jobs creation and wages. Also, new Fed boss Jerome Powell will speak before a key will be poring over for clues about his plans for monetary policy -- though many predict he will stick to the path of his predecessor Janet Yellen. Powell “looks like he is on track to keep the Yellen strategy -- so gradual rate rises this year”, Stephen Halmarick, head of global markets research at the Commonwealth Bank of Australia, told Bloomberg TV. All three main Wall Street indexes powered higher Friday, with the Dow up 1.4 percent, S&P 500 up 1.6 percent and nasdaq 1.8 percent up. Asia. Tokyo ended the morning 0.8 percent higher, Hong Kong added 0.5 percent and Sydney climbed 0.5 percent. Shanghai rose 0.2 percent, Seoul edged up 0.2 percent and Singapore put on 0.4 percent. Wellington and Taipei were also up. The dollar eased after climbing Friday on the back of the Fed comments, with the yen and pound rallying. However, the euro’s gains are being tamed by uncertainty ahead of weekend elections in Italy, one of the eurozone’s biggest economies. High-yielding units were also sharply up. oil prices were mixed as a surprise drop in US stockpiles was offset by comments from Saudi Arabia’s oil minister that an output cap in place by oPEC and Russia could be eased next year. – Nampa/AFP

Tuesday, February 27 2018 | NEW ERA Inside busIness 13 naFta talks round of talks Sunday on overhaul- - tion of the 24-year-old trade deal is - content in automobiles produced in - in a contentious phone conversa- a controversial border wall, the after the last round of talks, in montreal, uS trade representative the presidential frontrunner, the - naFta costs american jobs has played well with his base, the uS - NAMPA / AFP Deutsche Bank plans management arm FrankFurt am main German lender Deutsche Bank confirmed monday it division DWS on the stock market as soon as possible, take place “in the earliest available window, subject to market conditions,” the bank Deutsche did not say what proportion of shares it will But German media reported that around one-quarter of DWS -- with a value of some Deutsche added that it would not increase DWS’ - billion euros of assets under Deutsche Bank chief John Cryan announced plans to the bank on corporate and retail business in home market Germany, a move away move will also free up - quisitions, to set its own pay scales and improve will be transformed into that makes it simpler for Deutsche Bank to - NAMPA / AFP MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months -0.01% 7.53% CGP CAPRICORN INVESTMENT GROUP L 1802 0.00% 9 months 0.00% 7.63% NBS NAMIBIA BREWERIES LTD 4499 0.00% 12 months -0.02% 7.85% BVN BIDVEST NAMIBIA LTD 784 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4660 0.00% GC18 (R204 : 6.49%) -0.01% 7.40% ORY ORYX PROPERTIES LTD 2040 0.00% GC21 (R208 : 6.93%) -0.01% 7.75% NAM NAMIBIAN ASSET MANAGEMENT LT 69 0.00% GC24 (R186 : 8.01%) -0.01% 9.23% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.01%) -0.01% 9.62% BMN BANNERMAN RESOURCES LTD 38 -2.56% GC30 (R2030 : 8.46%) -0.01% 10.13% DYL DEEP YELLOW LTD 254 -2.31% GC32 (R213 : 8.55%) -0.01% 10.26% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 8.77%) -0.02% 10.20% FSY FORSYS METALS CORP 91 -9.90% GC37 (R2033 : 8.66%) -0.01% 10.66% TUC TRUSTCO GROUP HOLDINGS LTD 950 5.56% %Change Latest B2G B2GOLD CORP 3488 3.47% Gold 0.69% $ 1,337.90 Platinum 0.53% $ 1002.07 Copper 0.00% $ 7,095.00 Brent Crude -0.45% $ 66.80 %Change Latest NSX (Delayed) 0.01% 1439.64 JSE All Share 0.74% 59,147.75 SP500 1.60% 2,747.30 FTSE 100 0.51% 7,281.51 Hangseng 0.74% 31,498.60 DAX 0.25% 12,515.24 %Change Latest Financials 0.79% 18,719.09 Resources 2.62% 36,241.18 Industrials 0.06% 77,403.06 %Change Latest N$/US dollar 0.27% 11.5905 N$/Pound 0.75% 16.2682 N$/Euro 0.54% 14.2904 US dollar/ Euro 0.28% 1.2330 Latest Previous Namibia Inflation (Jan 18) 3.6 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