11 months ago

New Era Newspaper Vol22 No169

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New Era Newspaper Vol22

ol. 22 No. 169 Windhoek, Namibia Wednesday, April 5 2017 Inside Today Man who killed over N4 gets 28 years The Windhoek High Court yesterday sentenced to 28 years behind bars a 49-yearold man who killed a man in a dispute over N4 at a local bar in Katutura. Page 3 Economist fears more downgrades ahead for South African economy Since the decision by Standard & Poor’s Global Ratings to downgrade its credit ratings on South African debt by one notch, with long-term foreign currency sovereign credit rating moving into subinvestment grade for the first time since 2000. Page 9 Debmarine Cup fate to be decided today The leadership of the Namibia Premier League (NPL), Namibia Football Association (NFA) and Debmarine Namibia will be locked up today in a marathon closed-door meeting to decide the fate of the Debmarine Cup. Page 24 Johannes !Gawaxab Kuzeeko Tjitemisa Windhoek China has pledged N million towards Namibia’s drought relief fund, that country’s visiting deputy minister of foreign affairs, Zhang Ming, !Gawaxab declines SSC board fees Toivo Ndjebela Windhoek Social Security Commission (SSC) board chairman Johannes !Gawaxab says he has not taken a cent in board fees since his appointment in June 2015, including when driving out of town for company business. In an interview with New Era announced yesterday. The donation follows last year’s donation of 4,000 metric tonnes of rice - worth close to N million - to the Namibian government for distribution to thousands of Namibians that were food insecure due to the persistent drought. yesterday, which is to be published in full on Friday, !Gawaxab said he took a conscious decision to not draw board fees, as he was more interested in turning around the fortunes of the state-owned company, than amassing a personal fortune. !Gawaxab, a well-off business leader who in 2015 took early retirement from his cushy job as Old Mutual CEO Strengthening ties… Chinese Deputy Minister of Foreign Affairs Zhang Ming (left) and Minister of International Relations and Cooperation Netumbo Nandi-Ndaitwah exchange letters in the capital yesterday following the donation by China of N million worth of drought relief aid. China offers N million for drought relief Making the announcement in the capital yesterday Ming said Namibia is China’s traditional friend and the Chinese government would like to help the Namibian people with emergency humanitarian food aid to combat the lingering impact of the drought. CHINA on page 2 for African Operations, is now the executive chairman of Eos Capital, a wholly Namibian-owned private equity firm that manages the N0 million Allegrow Fund. The SSC has been in the media spotlight in recent weeks, partly as a result of its acquisition of land that was said to be over-priced and its investment in the SME Bank, Oukwanyama queen challenges High Court ruling Maria Amakali Windhoek SSC on page 2 Queen of Oukwanyama Traditional Authority Mwadinomho Martha ya Kristian Nelumbu has approached the Supreme Court to overrule a decision by the High Court that ordered her to reinstate three headmen, who were relieved of their duties in June 2011. In the motion she maintains that it was entirely within her rights as the traditional leader to dismiss the trio. In March 13, 2015 the High Court had ruled that decisions to dismiss and later suspend the three headmen were unfair and unreasonable on the part of the administrative body or official responsible, thus rendering the decisions subjectt to review in terms of Article 18 of the Constitution. Further, the court gave orders that the three headmen - George Hikumwah, Sipora Weyulu Dan and Vatilifa Hangula - be reinstated with their benefits. QUEEN on page 2 Mwadinomho Martha ya Kristian Nelumbu Lukas Nghinyengwa Electrician Electricians Install, maintain, and repair electrical wiring, equipment, and fixtures. Meet Lukas Nghinyengwa, a village boy and businessman excelling in the power game at his employer, Oshakati Premier Electric. Read his story in today’s Youth Corner. New Era Newspaper @NewEraNewspaper #NewEraNewspaper • •

New Era

New Era Newspaper Vol 22 No 167