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New Era Newspaper Tuesday, February 6, 2018

  • Text
  • Namibia
  • February
  • Windhoek
  • Namibian
  • Declaration
  • Rukoro
  • Ministry
  • Farmers
  • Botswana
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12 Inside BUSINESS

12 Inside BUSINESS Tuesday, February 6 2018 | NEW ERA OPINION Ben Leo R REPUBLIC OF NAMIBIA The overlooked potential of rural spaces and consumers Rural and Poor are Not the Same Thing Ministry of Industrialisation, Trade and SME Development Public notice Ministry of Industrialisation, Trade and SME Development received a request for Infant Industry Protection (IIP) from Kaptau Packaging (Pty) Ltd, a Namibian owned company whose core business is to Design, Develop and Manufacturing of Multi-wall Sacks and Self-Opening Bags under the following HS codes: 1. 48194000: Other Paper Sacks and Bags 4819. Sub-heading 48193000 and 48194000 Article Description: 48193000: Sacks and Bags having base of a Width >=40cm of paper 2. 392321.17: Polypropylene woven bags Article Description: Flat bags, with a thickness of 24 microns or more (excluding immediate packing, zip-lock bags and household bags including refuse bags and refuse bin liners) All interested parties/ importers are hereby requested to submit written application report can be obtained from the Ministry of Industrialisation, Trade and SME Development. Written comments should be submitted on or not later than Friday, 23 February 2018, at 12 pm to the following address: Ministry of Industrialisation, Trade and SME Development, Namibia Board of Trade House, 15 Eugene Marais Street, Windhoek. For more information please contact the Ministry of Industrialisation, Trade and SME Development.: Mr. Lynnox Mwiya at 061 429205, e-mail address:, OR Mr. Salom Katoole at 061- 429204, e-mail address: Ben Leo Digital Banking: A Poster Child for Rural Business Opportunity Effective Data Collection Strategies for Rural Spaces *BenLeo is CEOco-founder of Fraym, a geospatial data analytics company focused on the African continent. He also is a visiting fellow at the Center for Global Development. Leo has conducted extensive applied research on African statistical systems, data acquisition methods, and African His work has been cited in numerous major media outlets, including the New York Times, Wall Street Journal, Washington Post, Financial Times, Forbes, USA Today, Mail and Guardian, CNBC Africa, This Day, The Standard, and Daily Nation.

Tuesday, February 6 2018 | NEW ERA Social media scams to look out for Staff Reporter Windhoek “Tomorrow is Safer Internet Day and for us, at FNB Namibia, safety is at the forefront when it comes to using the internet or any digital channels, in order to protect our customers' cash,” says Elzita Beukes, communications manager at the bank. The internet has been part and parcel of our lives for almost 50 years as it cycle in 1969, when scientists working for the US Advanced Research Projects Agency (ARPA, now known as DARPA) connected computer networks at the University of California and the Stanford Research Institute. Since then the advancement of this creation has come a long way, adding electronic banking to it as well as numerous digital channels and social media. As social media continues to gain prominence amongst consumers, platforms like Instagram, You- Tube, Facebook and Twitter have also, unfortunately, become a platform where fraudsters attempt to catch unsuspecting consumers off guard. Beukes says although social media scams in Namibia are not yet prevalent, compared to our global counterparts - the reality is that they do exist. “Given that the popularity of social media is set to remain for the coming years, consumers are encouraged to constantly educate themselves and their loved ones about the latest methods that fraudsters use to get hold of their victims’ personal information,” says Beukes and adds some tips to take into consideration: Blackmail – never share personal photos or videos on social media that portray you in a compromising position as scammers can use these against you by threatening to send them to close family members or upload them on public platforms. Phishing - beware of fraudsters pretending to represent your bank on social media platforms. Your bank will never ask for your credit or cheque card, account number, online banking login details or password or One Time PIN (OTP) on social media platforms. Help and favours - be on high alert when cial favours or urgent assistance by strangers, no matter how caring or persistent the individuals may seem. Never share your banking details with strangers and think twice before sending money to someone you recently met online or haven’t met in person yet. Dating and romance scams - consumers who use social media platforms to meet companions or their life partners should lookout for fraudsters that play on emotional triggers to scam people out of their hard-earned cash. Dating and romance scammers often lower your defences by appealing to your compassionate side in order to take advantage of you. This is particularly prevalent around days such as Valentine’s, which is slightly more than a week ago. Identity theft – avoid sharing personal information, such as ID, passport, driver’s licence, payslip, bank statement, municipal or account statements on social media. Fraudsters can steal your information and use it illegally by impersonating you. Money laundering – scammers often trick people through social media platforms by claiming to have large sums of cash that they need to deposit urgently through a foreign bank account. Do not allow your account to be used by another person to deposit or transact on. This can put you in serious trouble with authorities as allowing proceeds of crime to be laundered through your bank account, knowingly or unknowingly, is a criminal offence. Furthermore, never open a bank account in your name on behalf of a person you have met on social media platforms, irrespective of the circumstances. Staff Reporter Windhoek On January 19, FNB Namibia welcomed its third intake of graduate trainees who have been selected to join FNB and RMB respectively. This prestigious one-year development programme focuses on attracting and retaining high potential Namibian graduates who are highly motivated, with strong analytical ability. Graduates are trained in core skills and exposed to key projects during their year in South Africa. The successful candidates for 2018, Thorsten Kreft, Thomas Hamata, and Annalien Davin expressed their gratitude towards FNB and RMB and were de- services provider in Namibia. Kreft graduated with a Bachelor of Industrial Engineering from the University of Stellenbosch, while Hamata holds a Bachelor of Commerce in Financial Services from the University of Pretoria, with a major in Internal Audit and Finance. Davin, who will join the RMB Namibia team, obtained a Bachelor of Commerce in Economics from the University of Stellenbosch, majoring in Economics and Financial Management. After their one-year training in MARKET OVERVIEW Inside BUSINESS New graduate trainees welcomed at FNB Change Latest 3 months 0.00% 7.13% 6 months 0.01% 7.59% CGP CAPRICORN INVESTMENT GROUP L 1807 0.06% 9 months 0.01% 7.73% NBS NAMIBIA BREWERIES LTD 4000 0.00% 12 months 0.00% 7.96% BVN BIDVEST NAMIBIA LTD 785 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4658 0.00% GC18 (R204 : 7.05%) 0.03% 7.96% ORY ORYX PROPERTIES LTD 2060 0.00% GC21 (R208 : 7.34%) 0.03% 8.16% NAM NAMIBIAN ASSET MANAGEMENT LT 68 0.00% GC24 (R186 : 8.47%) 0.04% 9.69% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.47%) 0.04% 10.08% BMN BANNERMAN RESOURCES LTD 44 -4.35% GC30 (R2030 : 8.97%) 0.04% 10.64% DYL DEEP YELLOW LTD 247 -0.40% GC32 (R213 : 9.06%) 0.04% 10.77% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.35%) 0.03% 10.78% FSY FORSYS METALS CORP 111 0.00% GC37 (R2033 : 9.18%) 0.04% 11.18% TUC TRUSTCO GROUP HOLDINGS LTD 900 0.00% %Change Latest B2G B2GOLD CORP 3653 1.75% Gold -0.32% $ 1,344.47 Platinum -0.80% $ 999.66 Copper 0.00% $ 7,119.00 Brent Crude -0.32% $ 69.60 %Change Latest NSX (Delayed) -0.08% 1363.36 JSE All Share -1.01% 58,661.57 SP500 -0.06% 2,821.98 FTSE 100 -0.25% 7,471.51 Hangseng -0.12% 32,601.78 DAX -1.20% 12,847.69 %Change Latest Financials -1.38% 17,293.54 Resources -0.06% 37,623.54 Industrials -1.39% 77,445.60 %Change Latest N$/US dollar 0.91% 11.9662 N$/Pound 0.62% 17.0117 N$/Euro 0.72% 14.9386 US dollar/ Euro -0.22% 1.2483 Latest Previous Namibia Inflation (Dec 17) 5.2 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 13 Fresh minds…. FNB Namibia’s Executive Committee welcoming the graduate trainees. Photo: Contributed South Africa they will return to Namibia to join FNB Namibia and RMB Namibia in a permanent employment capacity. “Talent management is one of the key people focus areas of the Group and therefore we place a high priority on attracting and investing in the country’s future leaders,” says Liezel Andrew, Talent Management Specialist, FNB Holdings Human Resources. Through the Young Talent Development Programme (YTDP) graduates are exposed to and experience the culture of business in South Africa and establish relationships crucial to the development of the critical skills required for Namibia. More importantly they learn to work, collaborate and lead inclusively in multi-cultural teams. As part of its initiative, FirstRand Group wishes to create a greater young talent (alumni) community and network that supports them in their career progression; activate business’s operational excellence and growth strategies; support the transition from students into young professionals; introduce them to the FirstRand philosophy and complement current in-country programmes through alignment and focussed international exposure.

New Era

New Era Newspaper Vol 22 No 167