1 month ago

New Era Newspaper Tuesday, February 6, 2018

  • Text
  • Namibia
  • February
  • Windhoek
  • Namibian
  • Declaration
  • Rukoro
  • Ministry
  • Farmers
  • Botswana
  • Southern

14 Inside BUSINESS

14 Inside BUSINESS Tuesday, February 6 2018 | NEW ERA SA mines minister fails to address industry uncertainty – legal expert CAPE TOWN South Africa’s mines minister Mosebenzi Zwane failed to adequately address the ongoing regulatory uncertainty bedeviling the mining sector when he opened an annual conference on Monday, a legal expert in the industry said. Mining companies operating in South Africa say uncertainty over policy and the regulatory environment has held back investment in the sector, and have slammed a mining charter Zwane unveiled last year as impractical. On Monday Peter Leon, a partner and co-chair of Herbert Smith Freehills’ Africa practice said Zwane’s speech at the 2018 mining indaba failed to allay the uncertainties. “The minister rather surprisingly claimed that the government had created an enabling environment for mining,” Leon said. “Not only did the minister not expand on this, but said nothing about the contested mining charter – now the subject of a judicial review later this month by the Chamber of Mines – or the MPRDA (Mineral and Petroleum and Resources. Development Act) bill which has lingered in He warned that South Africa would fail to capitalise on a recovery in commodity prices over the last year unless the government implemented measures to address the issues deterring investors. “Government urgently needs to create a proper enabling environment for mining in South Africa and will only succeed in doing so if it formulates a comprehensive strategy to lift the mining industry out of its current crisis and set it on a new path based among all stakeholders.” Leon added. – Nampa/ANA Education NOW... • Up to 60 months repayment • Fastest turn-around times • Lowest interest rate Medical Expenses Farming Give your future Something to smile about Our Micro Loan offers Government employees up to N0 000, repayable over 12, 24, 36, 48 or even 60 months. At Nam-mic Financial Solutions, we have created a micro loan product designed to assist with your immediate needs, and give you financial independence as soon as possible. Contact us today on (061) 388 000, or your regional branch, for more information on our Micro Loan products, and let’s get you the freedom you deserve. Financed by - BW Finance (Pty) Ltd | Terms & Conditions apply. General Loans Small Business SA needs to get investment back on its agenda CAPE TOWN South Africa urgently needs to get investment back on the agenda in order to attract capital and help grow the mining sector and the economy in general, Anglo American deputy chairman Norman Mbazima said on Monday. “While we may have one of the world’s most endowed mining jurisdictions, we have not been able to bring this endowment to account,” Mbazima told the annual “mining indaba” conference in Cape Town. “We need to attract capital for South Africa’s mining industry, whether foreign or domestic, and we must accept that such capital needs to get a competitive return.” He said South Africa’s weak economic numbers, including GDP growth of only 0.7 percent for 2017, high unemployment of 27.7 percent and a budget deficit of 4.3 percent of GDP, were “alarming”. “They indicate that South Africa desperately needs to grow its economy at rate,” Mbazima said. He singled out the political environment, regulatory environment and rail and port infrastructure among the pre-requisites to bring investment back into the mining sector. The ruling ANC party’s conference in December, which chose deputy president Cyril Ramaphosa as its new leader, was a significant ‘first step’ towards stabilising the political dynamics in South Africa, the Anglo deputy chairman told the mining indaba. - Nampa/ANA

Tuesday, February 6 2018 | NEW ERA 15 ARMERS FORUM Your weekly Agricultural Corner Small stock calendar starts with mouthwatering auction Staff Reporter Windhoek The small stock auction calendar promises to start with a bang this year with the annual sought-after production auction of the Coetzee brothers, Zirk and Xico, to be held tomorrow at the Namboer pens in Windhoek. The auction attracts big numbers of communal, emerging as well as commercial farmers eager to start restocking their herds with some Prized animal… A Boer goat of the Coetzee brothers, one of the tion tomorrow. Photos: Contributed of the best genetics available. Guest sellers - Christie Labuschagne, Francois van Rensburg, Dirk van der Merwe, Rhozetta Boerbok Stud and Louis van Schalkwyk will be offering top quality Boer Goats, Savannah, Kalahari Red, Van Rooy Damara Veldmasters and Dorpers as well as Persians of Breeders are expected from far and near to pay anything between N,000 and N,000 for immaculate Boer Goat rams of the two brothers. Close to 200 animals will come under the hammer and high prices are expected. The two brothers told Farmers Forum the correct selection for pairing of animals during the mating season is of vital importance in search of high quality genetics. They are always impressed with the enthusiasm of buyers which re- ian farmers even in drought years. “We have a responsibility to guide prospective buyers and producers on their choice of ram and ewe material in order to increase production in their herds,” they note. Last year, the average price for Boer Goat rams was N,388. The most expensive Damara ram went for N,000 while a Van Rooy ram of Francois van Rensburg fetched N,000. Southern Africa still battles to recover from drought Desperate times….A communal farmer from the Omusati region waters his crops with a watering can as the rains stay away in most of the SADC region. Photo: Battle Photo: Contributed Staff Reporter Windhoek Southern Africa is still battling to recover from the 2015/16/ El Niño-induced drought, which by last year had affected about 41 million people across the Southern Africa Development Community (SADC). The substantial government and SADC-led response, supported by about N8 billion from the international humanitarian community, empowered farmers to take advantage of a better 2017 rainfall season, delivering an April 2017 cereal harvest three percent above the 5-year average. million people across the region continue to require emergency humanitarian assistance. Most Southern Africans rely on rain-fed subsistence farming, which is vulnerable to even the slightest shock, attested to by high levels of child malnutrition. New outbreaks of highly pathogenic avian poultry and wild bird populations. The Fall Armyworm (FAW), a new pest to the region, has the potential to cause widespread crop damage and has already been reported in 11 SADC countries. Namibia has also been exposed to hepatitis and cholera outbreaks recently. The population of SADC has doubled since 1990 to about 333 million people. Over the past six years the region has recorded economic growth of around 4.4 percent, which is far below the SADC growth target. Yet even this meagre growth does not necessarily improve the lives of the most vulnerable in society. As summarised by the African Development ship report: “Poverty and inequality reduction has remained less responsive to growth successes... Africa’s recent economic growth has not been accompanied by a real structural transformation”. Southern Africa accounts for six of the world’s 10 most unequal countries. The region remains the global epicenter of the HIV epidemic with eight countries having a prevalence above 10 percent. Malnutrition remains high in the region, with 13 of the 15 countries reporting stunting prevalence above 20 percent, and seven countries reporting stunting prevalence above 30 percent. Similarly, prevalence of global acute malnutrition (GAM) is >5 percent in eight of 15 countries in the region, with the highest reported national prevalence in Madagascar at 8.6 per cent (13.9 per cent at district level). Prevalence of acute malnutrition and admissions are expected to increase in the region as a result of the lean season from October through March and partners are preparing contingency plans including nutrition response activities for the upcoming lean season. Basic Farm Management WINDHOEK course teaches farmers and future The training comprises the following topics: Vision, mission, goals and Importance of record-keeping One session devoted to MS Excel to Basic livestock husbandry programme with input and output costs for business plan The impact of proper rangeland management the training, during the training sessions. Labour requirements Date Venue Was Subsidised price* 19-22 February 2018 Windhoek 08:00 – 16:30 N$ 4,450 N$ 3,070 or call Agra ProVision on: 061 - 290 9208 Agra ProVision

New Era

New Era Newspaper Vol 22 No 167