3 months ago

New Era Newspaper Wednesday December 6, 2017

  • Text
  • December
  • Documents
  • Valid
  • Mandatory
  • Windhoek
  • Namibian
  • Namibia
  • Gangster
  • Funds
  • African

10 Inside BUSINESS

10 Inside BUSINESS Wedneday, December 6 2017 | NEW ERA Saudi oil minister reaffirms OPEC output squeeze RIYADH/WINDHOEK Saudi Energy Minister Khaled al-Faleh said Monday that oil producing nations could start discussing in June when to raise output, though Organization of the Petroleum Exporting Countries (OPEC) is expected to maintain curbs until it clears a global glut. OPEC and its partners agreed last week to keep a lid on output for all of 2018, a strategy that aims to reduce a global excess in supply that has pushed oil prices lower and producer nations. The decision has had ripple effects on oil importing countries such as Namibia who this week announced a 50 cent increase in fuel pump prices effective midnight on December 6. The Namibian energy ministry said its decision to increase the prices is because of the cut in the supply of crude oil into the market to control prices, and the surge in the exchange rate between the Namibian dollar against the US dollars, which has not been favourable to Namibia. “We will not alter our course in the second half of the year,” Faleh told reporters in Riyadh after a meeting with US Energy Secretary Rick Perry. Big business… The Organisation of the Petroleum Exporting Countries (OPEC) conference’s president, Saudi Arabia’s Energy Minister Khaled al-Falih (second from right), OPEC secretary general Mohammed Barkindo (right) and Angola’s governor for OPEC and chairman of the Board of Governors Estevao Pedro (2nd left) in Vienna, on November 30. Photo: Nampa/AFP “However, the outlook for when we will hit the balanced market will be clearer in June and we will start thinking of what to do in 2019. “The intent is not overnight to... Nations that supply a majority of the world’s oil agreed last week to maintain production curbs of 1.8 million barrels per day. So far, helped by an improving global economy, the strategy has worked, helping oil prices climb from less than in early 2016 to around now and reducing bloated inventories to more normal levels. But the producers agreed to review in June “progress achieved towards re-balancing of the oil market” and make “adjustments” if necessary. Separately, Saudi Crown Prince Mohammed bin Salman has voiced the need to stabilise markets following a meeting with Perry. kingdom’s keenness to stabilise energy markets and supply them in a sustainable manner to serve the interests of energy producers Press Agency said on Monday. The Namibian Ministry of Mines and Energy issued a statement saying that OPEC, the largest oil cartel in the world, has struck an agreement to cut the supply of oil in the global market in order to control the price at which a barrel is sold. This was after oil prices crumbled in 2016, making it market to earn substantial returns on their investment, thereby halting some exploration at least until the situation gets better for them. “The situation has gotten better for investors in the oil market, and worse for price takers. Oil prices have begun surging at a faster pace than the ability of net oil importers to contain them,” said the ministry in the statement. – Nampa/AFP and own reporter. Change Latest 3 months 0.00% 7.13% 6 months 0.01% 7.73% 9 months 0.00% 7.98% 12 months -0.02% 8.30% 0.00% Latest GC18 (R204 : 7.46%) -0.04% 8.37% GC21 (R208 : 8.2%) -0.06% 9.02% GC24 (R186 : 9.14%) -0.08% 10.36% GC27 (R186 : 9.14%) -0.08% 10.75% GC30 (R2030 : 9.6%) -0.08% 11.27% GC32 (R213 : 9.66%) -0.08% 11.37% GC35 (R209 : 9.85%) -0.09% 11.28% MARKET OVERVIEW %Change 0 Gold -0.17% $ 1,273.96 Platinum -0.67% $ 920.03 Copper 0.00% $ 6,826.00 Brent Crude -0.22% $ 62.25 %Change - NSX (Delayed) -0.01% 1217.99 JSE All Share -1.18% 58,903.10 SP500 -0.11% 2,639.44 FTSE 100 0.14% 7,349.40 Hangseng -1.01% 28,842.80 DAX -0.21% 13,031.49 %Change - Financials 1.39% 16,614.40 Resources -2.22% 35,672.20 Industrials -2.01% 80,988.25 %Change - N$/US dollar -0.08% 13.5071 N$/Pound -0.47% 18.1278 N$/Euro -0.23% 16.0031 US dollar/ Euro -0.15% 1.1848 Latest Previous Namibia Inflation (Oct 17) 5.2 5.6 Bank Prime 10.50 10.50 BoN Repo Rate 6.75 6.75 135 130 125 120 115 110 105 100 12/31/2013 3/31/2014 6/30/2014 9/30/2014 12/31/2014 3/31/2015 6/30/2015 9/30/2015 12/31/2015 3/31/2016 6/30/2016 9/30/2016 12/31/2016 3/31/2017 6/30/2017 9/30/2017 Vacancy Post Designation: Chief Clerk, Grade 10 Number of posts: 1 Salary Scale: N$ 96,000-122,727 Duty Station: Odibo Health Centre Minimum Requirements: Appropriate (NQF Level 6 plus one year appropriate Additional Requirements: the CCN); leader; NB: Closing date: Send the application to: Enquiries:

Wednesday, December 6 2017 | NEW ERA Inside BUSINESS: ICT & GADGETS 11 How Africa more from economy ADDIS ABABA The new Internet Society report highlights how Africa - - - tech website these three - - - - - Guidelines The Internet Society in collaboration with the African Union - - - - - - - Bizcommunity- - - Quartz Wireless earbuds: - - they were technically Amazon’s Echo:- - erything that was great a little less terrify- Vacancy ADMINISTRATION CLERK LOCATION OF STATION Otjiwarongo KEY RESPONSIBILITIES Professional and friendly liaison with specialists, general practitioners, medical aids, clinical personnel, patients and general public. General front desk and switchboard duties. Manage patient bookings, - files and payments received at reception. Obtain patient benefit limits from medical aids. Follow-up on outstanding patient accounts. Any general or ad hoc duties as delegated by the Erongo Radiology Administrative Supervisor. MINIMUM REQUIREMENTS Namibian Citizenship. Grade 12 (NQF Level 4). 3 years’ working experience in similar position within the health care industry. High degree of customer care, self-motivation, diligence, honesty and willingness to learn. Have a friendly, helpful and trustworthy manner with well-established interpersonal, communication and organizing skills. High level user of standard business computer systems and software including Microsoft Word, Excel and Outlook. Working experience on INFINIT will be an added advantage. Fully proficient in English. Proficiency in any additional local Namibian languages will be an added advantage. Interested applicants meeting the above mentioned specifications and requirements are invited to apply for the vacancy by submitting their application (Profile and certified copies of supporting documents) on the Erongo Medical Group Careers Page Delivery of applications and supporting documents may be made to: Welwitschia Hospital, Dr Putch Harries Drive, Walvis Bay, or per e-mail to Only shortlisted candidates will be contacted and must be willing to submit themselves to interview, psychometric testing and selection procedures. As per Affirmative Action (Employment) Act, Act 29 of 1998; Namibian Citizens from previously disadvantaged groups are encouraged to apply. CLOSING DATE: Tuesday, 12 December 2017 VACANCY – OTJIWARONGO CHRISTIAN PRIVATE SCHOOL HEAD OF DEPARTMENT – JUNIOR PRIMARY PHASE Accelerated Christian Education Curriculum Requirements: * Minimum of 5 years’ experience in a registered school * Accelerated Christian Education Curriculum Training compulsory Additional requirements: and play therapy * Computer literate * Christian religion referees or Closing date for applications: 2017 Only short-listed candidates will be contacted. EMPLOYMENT OPPORTUNITY MANAGER: WASTEWATER SERVICES Urban Green cc a Namibian owned and registered company providing multi-disciplinary services, which includes water and wastewater management services, is offering the position of Manager: Water & Wastewater. Purpose: Planning, installation and servicing of wastewater treatment plants, including routine maintenance thereof. Key performance areas: : of 23 points) plus 3 years’ experience in electrical Trade Diploma in Fitting and Turning, plus 3 years’ applications and wastewater technologies. Salary: experience. Closing Date: 31 January 2018 Application letter with proof of emailed to Urban GREEN CC

New Era

New Era Newspaper Vol 22 No 167