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New Era Newspaper Tuesday January 9, 2018

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10 Inside BUSINESS

10 Inside BUSINESS Tuesday, January 9 2018 | NEW ERA Prioritise your savings Elzita Beukes Republic of Namibia Staff Reporter Windhoek MINISTRY OF EDUCATION, ARTS AND CULTURE to economists, 2018 is bound to be another challenging “According year Namibia and it therefore remains prudent for all of us to continue saving and to spend on necessities only versus luxuries. Given these economic circumstances that we live in, managing and maintaining realistic long and short-term savings goals is important. Time is money, especially when it comes to savings and investments,” says Elzita Beukes, FNB communications manager. “Start your savings journey by looking at innovative solutions that will help you kickstart your savings plan. Not only will you earn INVITATION FOR SEALED QUOTATIONS FOR THE FOLLOWING GOODS AND SERVICES FOR THE SPECIAL RESOURCE SCHOOLS interest over time, you will also earn compound interest, which is basically interest on the interest earned in the past, as well as on the original capital. The formula is simple: the longer and the more you save, the better your chances of becoming - unexpected expenses,” says Beukes. This may all sound great in theory, but what does one do in the current economic climate with “We should all be clear about our savings and investment goals. Everyone has a different set of needs and should tailor their savings based on their unique individual goals. For example, saving for emergencies where you’ll need your money to be available immediately is different to longer term goals like a future savings term while earning a higher rate,” explains Beukes. She says that a simple budgeting tool can help determine whether you are on track with savings or not. into their savings for luxuries or those short-term treats that offer in- ing in long-term goals like a more comfortable retirement, education for kids and grandchildren or a deposit to buy a house can make a big difference to our standard of living versus those short-term spending pleasures that are short lived.” FNB offers various savings accounts to meet a range of customer needs. The bank’s comprehensive mix of savings solutions includes: the new FNB savings account, FNB as well as notice accounts such as a 7-Day Notice and 32-Day Flexi Notice accounts. “It’s never too early or too late to start saving. Curbing the way we spend money on non-essential things versus intentional and disciplined savings should be an important driver for us and future generations,” concludes Beukes. TENDER NUMBER: NCS/W/010-01/2018 RENOVATION OF THE AUTISM CLASS AT THE MORESON SPECIAL SCHOOL TENDER NUMBER: NCS/G/010-01/2018 SUPPLY OF CARTRIDGES TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-02/2018 SUPPLY OF STATIONARY TO SPECIAL/RESOURCE SCHOOLS FOR OFFICE SKILLS AND PRACTICE TENDER NUMBER: NCS/G/010-03/2018 SUPPLY OF PRINTERS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-04/2018 SUPPLY OF FURNITURE TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-05/2018 SUPPLY OF SCHOOL LAPTOPS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-06/2018 SUPPLY OF CAMERAS, USB DRIVES, EXTERNAL DRIVE TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-07/2018 SUPPLY OF DESKTOP COMPUTERS AND MONITORS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-08/2018 SUPPLY OF LCD PROJECTORS TO SPECIAL/RESOURCE SCHOOLS AND UNTIS TENDER NUMBER: NCS/G/010-09/2018 SUPPLY OF BRICKLAYING AND PRASTERING EQUIPMENT/TOOLS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-10/2018 SUPPLY OF STATIONERY TO SPECIAL/RESOURCE SCHOOLS AND UNITS FOR EDUCARE TENDER NUMBER: NCS/G/010-11/2018 SUPPLY OF HAIR DRESSING PRODUCTS TO SPECIAL/RESOURCE SCHOOLS AND UNITS FOR EDUCARE TENDER NUMBER: NCS/G/010-12/2018 SUPPLY OF HOSPITALITY ITEMS, CATERING SUPPLIES, FOOD PREPARTION AND HOUSEKEEPING TOOLS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-13/2018 SUPPLY AND INSTALLATION OF INTERCOM AND ALARM SYSTEMS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-14/2018 SUPPLY OF NEEDLEWORK TOOLS AND ACCESSORIES TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-15/2018 SUPPLY OF PERKINS BRAILLE REPAIR TOOL KIT AND BRAILERS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-16/2018 SUPPLY OF FIRST AID KITS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-17/2018 SUPPLY OF VISUALLY IMPAIRED MATERIALS TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-18/2018 SUPPLY OF WOODWORK TOOLS AND SUPPLIES TO SPECIAL/RESOURCE SCHOOLS AND UNITS TENDER NUMBER: NCS/G/010-19/2018 SUPPLY OF WELDING TOOLS AND SUPPLIES TO SPECIAL/RESOURCE SCHOOLS AND UNITS Addressed to the Procurement Management Unit must be placed in the tender box at the Ministry of Education, Arts CLOSING DATE: 19 JANUARY 2018 CLOSING TIME: 15H00 PM ON FRIDAY COST: N$ 100.00 (NON-REFUND- ABLE) Monday, 8 January 2018 Centre Tal Street 07:00-16:00 United House Centre 08:30-16:00 Wernhil Park (House and Home) 09:00:15:30 Auas Valley 09:00-15:30 Swakopmund Town (Ferdinand Stich Str 4) 13:00-18:00 Tuesday, 9 January 2018 Centre Tal Street 07:00-16:00 United House Centre 08:30-16:00 Old Mutual Life 09:00-14:30 Maerua Mall (Checkers) 09:00-15:30 Walvis Bay Town (Behind Welwitschia Medi-park) 13:00-18:00 Wednesday, 10 January 2018 Centre Tal Street 07:00-16:00 United House Centre 08:30-16:00 Rehoboth Town (St Mary’s Hospital) 13:00-17:30 Namibia Media Holding 09:00-14:30 Pick ‘n Pay (Walvis Bay) 10:00-15:00 Thursday, 11 January 2018 Centre Tal Street 07:00-18:00 United House Centre 08:30-16:00 Windhoek Police Force 10:00-15:00 Windhoek Consulting Engineers 09:00-14:30 Friday, 12 January 2018 Centre Tal Street 07:00-16:00 United House Centre 08:30-16:00 Pointbreak 09:00-14:30 Namib Mills (caravan) 09:00-14:30 Saturday, 13 January 2018 The Grove Mall (Checkers) 09:00-14:30 Sponsored by:

Tuesday, January 9 2018 | NEW ERA Inside BUSINESS 11 World swimming in a record US3 trillion of debt LONDON Global debt soared to a record 3 trillion in the third quarter of 2017, according to a report from the Institute of International Finance. That marked a US.5 trillion, or eight percent, increase from SA asks employers employment equity reports JOHANNESBURG South Africa’s Department of Labour on Monday implored employment equity reports before next week’s deadline. “All employers will have until next Monday, 15 January 2015, to file their employment equity (EE) online reports in line with legislation,” said acting departmental spokesperson, Mokgadi Pela. The 2017 EE online and manual reporting season opened on 1 September last year. Pela said the manual reporting submissions closed at the beginning of October. “The reporting season was preceded by a series of national road shows held by the Department of Labour’s EE Directorate, in which the Department sought to encourage and create awareness on compliance with the Employment Equity Act, publicise and help prepare the employers with the requirements needed to be used when submitting their online 2017 EE reports to the Department,” said Pela. He said special emphasis was placed on publicising the Amended Code of Good Practice on the Preparation and Implementation of the EE plans, encouraging employers to submit EE reports online, publicising the 17th CEE Annual Report and the 2016 EE Public Register, and representing current CCMA cases on Employment Equity Act. The Employment Act is aimed at promoting equal opportunity and fair treatment in employment through the elimination of unfair discrimination; and implementing affirmative action measures to redress the disadvantages in employment experienced by designated groups, to ensure their equitable representation in all occupational levels in the workforce. – Nampa/ ANA Notice-Environmental Impact Assessment- MC 68714, 68715,68716,68717,68718 Augustinius Kazarako of Great Kunene CC hereby - Proponent: Augustinius Kazarako of Great Kunene CC Description of project: Consultants: Registration of IAPs: - cial sector debt in Canada, France, Hong Kong, Korea, Switzerland, and Turkey. One possible side effect of this massive debt burden could be a reluctance from central banks to tighten lending conditions, the IIF BERLIN Germany’s powerful metalworkers union has called for mass strikes from Monday over pay and working hours that could impact a key industry and the shape of labour nationwide. IG Metall aren’t just asking for a pay rise but also demanding the right for workers to temporarily switch to a 28-hour week to care for children or elderly relatives. Employers say such a drastic change would be illegal and have threatened to go to court to stop the industrial action. If the two sides can’t agree on the terms of the negotiation by late January, the stage could be set for longer, more damaging walkouts. So-called “warning strikes” are a familiar feature of the annual collective bargaining process, with workers downing tools for says. It points out in the report that because a prolonged low-interestrate environment contributed to the swelling of debt levels, sovereign banks may be reluctant to rock the boat by hiking. “High debt levels could limit the pace and scale of policy tightening, with central banks a few hours to demonstrate at factory gates and in town squares. But there has been no nationwide, open-ended strike in Germany since 2003. IG Metall expects up to 700,000 to participate in the ritual, running for at least a week from Monday. Strikes will stretch from Germany’s “rust belt” in western North Rhine-Westphalia state to Brandenburg, Saxony and Berlin in the former communist east and the hypermodern car factories of southwestern Baden-Wuerttemberg. At luxury carmaker Porsche, a Volkswagen subsidiary, workers flexed their muscles last week with a Thursday walkout. Boasting some 2.3 million members, IG Metall is Europe’s largest trade union, representing workers of all kinds in industrial conglomerates like Siemens or Thyssenkrupp, steelmaking, the auto industry, electronics and textiles. proceeding cautiously in an effort to support growth,” a group of IIF analysts led by the executive managing director Hung Tran wrote in the report. The IIF does note, however, that the global ratio of debt to gross domestic product declined for a fourth straight quarter. It now German metalworkers start MARKET OVERVIEW The sheer weight of the metal and electrical industries’ 3.9 million workers often draws other sectors along in its wake when it comes to pay deals -- and 2018’s showdown could make for massive changes. Unions are demanding a pay rise of 6 percent this year. initial offer of 2 percent, it is a classic starting position to wring out a compromise, if necessary urged along with further bouts of industrial action. But some employee leaders are outraged at the response to their other headline demand -- the right for workers to switch from 35 to 28 hours per week for up to two years, with the employer paying some of the salary shortfall and guaranteeing the right to return to full-time work. Employers fear up to two-thirds of workers could be eligible, leaving ing a new administrative tangle. sits at 318%, roughly 3 percentage points lower than the record high reached in the third quarter of 2016. “A combination of factors including synchronized above-po- tion (China, Turkey), and efforts to prevent a destabilizing build-up of debt (China, Canada) have all contributed to the decline,” the IIF analysts wrote. - BBC And they argue that the change would be unfair to those who have already taken a pay cut when switching to part-time. After an autumn round of talks failed, the next step could be full-scale strikes. The Gesamtmetall employers’ federation blasted the demands and any industrial action workers take to achieve them as outright “illegal”, threatening to take the question to court. Industry leaders in metal and electricals -- key sectors for Germany that are in otherwise rude health -- are keen to avoid a drawn-out industrial dispute. “In general, strikes are not an appropriate means to resolve salary disputes. They hurt exports, and thereby the company and in the end the employees,” said Bertram Brossardt, head of the employers’ association for the sector in southern state Bavaria. With the German economy pumped up by strong exports and domestic demand, a labour market swept clean of skilled of the cards appear to be in IG Metall’s hand going into the talks. - Nampa/AFP Change Latest 3 months 0.00% 7.16% 6 months 0.00% 7.56% CGP CAPRICORN INVESTMENT GROUP L 1800 0.00% 9 months 0.00% 7.69% NBS NAMIBIA BREWERIES LTD 3902 0.00% 12 months 0.02% 7.93% BVN BIDVEST NAMIBIA LTD 784 0.00% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4663 0.00% GC18 (R204 : 7.09%) 0.03% 8.00% ORY ORYX PROPERTIES LTD 2059 0.00% GC21 (R208 : 7.53%) 0.04% 8.35% NAM NAMIBIAN ASSET MANAGEMENT LT 72 0.00% GC24 (R186 : 8.59%) 0.04% 9.81% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.59%) 0.04% 10.20% BMN BANNERMAN RESOURCES LTD 54 -1.82% GC30 (R2030 : 9.17%) 0.04% 10.84% DYL DEEP YELLOW LTD 314 -1.57% GC32 (R213 : 9.22%) 0.04% 10.93% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.52%) 0.04% 10.95% FSY FORSYS METALS CORP 149 -10.78% GC37 (R2033 : 9.34%) 0.04% 11.34% TUC TRUSTCO GROUP HOLDINGS LTD 890 0.00% %Change Latest B2G B2GOLD CORP 3704 -0.72% Gold 0.03% $ 1,320.02 Platinum -0.11% $ 968.23 Copper 0.00% $ 7,121.00 Brent Crude -0.03% $ 68.06 %Change Latest NSX (Delayed) -0.10% 1279.06 JSE All Share 0.46% 59,990.66 SP500 0.70% 2,743.15 FTSE 100 0.02% 7,725.95 Hangseng 0.28% 30,899.53 DAX 0.44% 13,378.85 %Change Latest Financials 0.30% 17,306.11 Resources 0.97% 37,583.32 Industrials 0.38% 80,373.73 %Change Latest N$/US dollar 1.25% 12.4663 N$/Pound 1.02% 16.8795 N$/Euro 0.85% 14.9394 US dollar/ Euro -0.37% 1.1984 Latest Previous Namibia Inflation (Nov 17) 5.2 5.2 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75

New Era

New Era Newspaper Vol 22 No 167