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New Era Newspaper Wednesday February 14, 2018

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10 Inside BUSINESS: ICT & GADGETS Wednesday, February 14 2018 | NEW ERA Ten gigabit home broadband tested in UK TENDER Tenders are invited for: MTC 01/18/I - REQUEST FOR INFORMATION FOR A VOICEMAIL (CALL COMPLETION) SYSTEM MTC hereby invites companies to submit information for the above mentioned RFI CLOSING DATE: Wednesday, 28th February 2018, 14:30 Price: Free Documents will be available on: Friday, 9th February 2018 at MTC Head Office: C/O Mose Tjitendero & Hamutenya Wanahepo Ndadi Streets Olympia, Windhoek Enquiries and requests for clarification should be directed to: E-mail: Phone +264 61 280 2134 Documents are to be collected & delivered to: The Manager: Procurement C/O Mose Tjitendero & Hamutenya Wanahepo Ndadi Streets, Olympia, Windhoek Before closing date and time. WEATHERMEN & CO Broadband speeds of up to 10 gigabits per second (Gbps) have been tested in a home in the former Olympic village in east London. Broadband operator Hyperoptic conducted the test, claiming it is been brought to a UK home using an existing ISP network rather than a dedicated line. Firms are now looking to in the UK. Ofcom boss Sharon White said higher speeds were becoming more necessary. “The amount of internet data used by people in the UK is growing by around half every year. So we’ll increasingly need full-fibre broadband services like this to provide faster, more reliable connections and capacity “We’re seeing real momentum and bolder commitments from companies of all sizes to build broadband that can support the UK’s digital future.” Customer demand Dana Tobak, chief executive of Hyperoptic, said the test was about proof-of-concept: “We have carried out this trial to push the limits in terms of what’s possible for residential broadband. “It wasn’t long ago that people asked if 100Mbps connections are necessary. However, as we’ve seen with the advent of 4K media services, gaming and a dramatic proliferation of multiple connected devices in the home, it has fast become the minimum many consumers demand.” Hyperoptic provides a full- the UK, and is available to 400,000 homes. out 10Gbps services if there was “customer demand”, suggesting this is likely to start with businesses and pointing out that there are currently very few computers on the market capable of coping with such speeds. Ms Tobak also took a swipe at BT which has been slow to known as Fibre to the Home. “While other players are just considering how they can upgrade their infrastructure to enable gigabit speeds, we are already working on a path to 10Gbps consumer broadband,” she said. BT has used Fibre to the Cabinet technology for much of its broadband rollout - which relies on its old copper network to carry connections between the street cabinet and consumers’ homes. It has now promised to bring premises by 2020, 700,000 of which will be in rural areas. Ms Tobak admitted that her the rural market, which is because of the expense in laying areas where there are few houses. More firms are thinking about the need to future-proof their networks and TalkTalk recently announced its own big investment in infrastructure and businesses. Matthew Howett, principal analyst at Assembly said: “After years of debate about Britain relatively short period of time we’ve seen commitments from investors including Openreach, Vodafone, CityFibre and TalkTalk to up the amount of “While this announcement is not a new investment, it goes technology has and what is laid. Of course the challenge now is to convince consumers of the need for these vastly higher speeds today and crucially to get them to part with the cash and pay a higher monthly bill.” - BBC A 10Gbps connection allows users to: Download a standard HD compared with 6 minutes 40 seconds on a 100Mbps connection game in 20 seconds, compared a 100Mbps connection Download the latest full 4K GB) in just 1 minute, compared to 1 hour 40 minutes on a 100Mbps connection. - BBC NOTICE INVITATION FOR BIDDING NamPower hereby invites competent, well-established and registered Namibian companies to submit their bids for the following: G/ONB/NPWR – 16/2018: Supply and Delivery of Combined Three (3) Phase Neutral Electro-Magnetic Couplers (NECS) with Neutral Earthing Resistors (NERS) and Auxiliary Transformers Availability of documents: The Request for Proposal documents are available on the NamPower website ( Enquiries pertaining to this invitation should be directed to: or to Mr Johannes Shivute, Procurement Administrator, at Tel +264 61 205 2312/2396/2258. Closing Date: Friday, 16 March 2018, at 12H00 (Namibian time) Kindly submit your proposal in a sealed envelope, clearly marked with the “APPROPRIATE BID NUMBER,” addressed to: The Secretary: NamPower Procurement Committee, to be deposited into the Tender/Bid Box located at the entrance foyer at NamPower Centre, 15 Luther Street, Windhoek, Namibia. KINDLY NOTE: ALL INVITATIONS ARE SUBJECT TO THE PUBLIC PROCUREMENT ACT 15 OF 2015 AND ITS REGULATIONS AND GUIDELINES. Three to four billion pounds of criminal money in Europe is being laundered through cryptocurrencies, according to Europol. The agency’s director Rob Wainwright told the BBC’s Panorama that regulators and industry leaders need to work together to tackle the problem. The warning comes after Bitcoin’s value fell by half from record highs in December. UK police have not commented to the programme. Mr Wainwright said that Europol, the European Union Agency for Law Enforcement Cooperation, estimates that about proceeds in Europe are laundered through cryptocurrencies. “It’s growing quite quickly and we’re quite concerned,” he said. There many different types of cryptocurrencies but the best known is Bitcoin. They are intended to be a digital alternative to pounds, dollars or euros. However, unlike traditional currencies, they are not printed by governments and traditional banks, nor controlled or regulated by them. Instead, digital coins are created by computers running complex mathematical equations, a process known as “mining”. A network of computers across the world then keeps track of the transactions using virtual addresses, hiding individual identities. T h e a n o n y m o u s a n d unregulated nature of virtual currencies is attracting criminals, making it hard for police to track who is moving payments. ‘Money mules’ Mr Wainwright said: “They’re not banks and governed by a central authority so the police cannot monitor those transactions. “And if they do identify them as criminal they have no way to freeze the assets unlike in the regular banking system.” Another problem Europol has that criminals use to launder money. Proceeds from criminal activity are being converted into bitcoins, split into smaller amounts and given to people who are seemingly not associated with the criminals but who are acting as “money mules”. These money mules then convert the bitcoins back into hard cash before returning it to the criminals. “It’s very difficult for the police in most cases to identify who is cashing this out,” Mr Wainwright said. He said that police were also seeing a trend where money “in the billions” generated from street sales of drugs across Europe is being converted into bitcoins. He called on those running the Bitcoin industries to work with enforcement agencies. “They have to take a responsible action and collaborate with us when we are investigating very large-scale crime,” he said. “I think they also have to develop a better sense of responsibility around how they’re running virtual currency.” ‘Too slow’ Although British police have yet to respond to requests from Panorama, Parliament is seeking to step up regulations. The Treasury Select Committee is looking into cryptocurrencies and details of EU-wide regulations to force traders to disclose identities and any suspicious activity are expected later this year. Alison McGovern, Labour MP for Wirral South who is serving on the committee, has been calling for an inquiry into cryptocurrencies. “I think that will draw the attention of the Treasury and the Bank [of England] and others to how we put in place a regulatory system,” she said. “I think probably hand on heart we have all been too slow, but the opportunity is not lost, and we should all get on with the job now.” - BBC

Wednesday, February 14 2018 | NEW ERA Inside BUSINESS: CONSUMER NEWS 11 FNB Namibia hits N million cash-back payout in January Staff Reporter Windhoek “We have hit over N million cash-back rewards to our valued customers,” said Ryno Holland- Muter, FNB Rewards Manager, adding: “We only launched this reward programme in November 2017 and in a mere three months we have been privileged to reward our customers with cash back exceeding N$ 1 million.” Customers of FNB Namibia have started taking advantage of the reward system by doing everyday things like purchasing airtime on Cellphone Banking, Online Banking or using the Banking App; Credit Card and spending with a debit or credit card. “We have seen an uptake of these functions and are ecstatic about it as it means our customers are embracing digital channels even more,” said Ryno. Anna-Lora Campbell says she was surprised with the money that she already received in her savings account. “I guess I have met some of the seven goals and I also used my credit card a lot over the festive season. The money came in very handy in January and I urge everyone to use their credit card for fuel purchases and swipe for your purchases.” The reward programme is applicable to all FNB customers who have a qualifying and active lifestyle account and whose accounts are in good standing. There are seven possible goals that customers can aspire to in order to reach the next reward level. These are: going digital on all statements, using the FNB Ryno Holland-Muter App regularly, transacting with their FNB Debit and Credit Card; growing their savings balance, having an Investment Account, a personal loan and/or a home loan. Research thoroughly before moving from renting to buying Staff Reporter Windhoek “If you’ve been renting for a while and are ready to take the next step to buying your own home, you need to do your homework and know exactly what you are getting yourself into,” says Martha Murorua, Consumer Executive get blinded by the excitement of owning their own home and overlook the importance of research, and this might end up costing them more in the long term. Apart from the home loan application and registration process, there are a number of other important factors that Murorua says customers need to consider when owning a home: Future needs – avoid basing the decision of buying your house only on your current needs, rather take a long-term view and consider if the house will still cater for your family’s needs in the future. For example, a two-bedroom house may be perfect for newlyweds, but could soon be too small as the family expands. Amenities – while you may get a bargain when buying a spacious house outside of town, you need to consider factors such as your work premises, medical centres, and schools for your children. It may end up costing you more money and time to travel daily. Free-standing or sectional title - when renting, you don’t often put as much time and money into maintaining the property, depending on the agreement with your landlord. When you own the property, you will be responsible for making sure that the property stays in good condition at all times. On the other hand, when buying a townhouse, you will be liable for a monthly cost for levies, rates and taxes, over and above the mortgage loan instalment due to the bank. Buying an old house – buying an old house for a reasonable amount in a good neighbourhood may not be such a bad idea; however, what many buyers often the house. Without professional inspection, there may be other hidden defects that you would only discover once you move in. Neigbourhood safety – while no area is immune from crime, it to research crime statistics in the area before buying. For example, if you have a job that requires you to travel a lot, thereby leaving the house unguarded, you could easily become a victim of crime. “Lastly, always save for rainy days, as life is unpredictable. When moving from renting to buying, it is advisable to save at least six months of your home loan and monthly expenses even if your job is not under threat. This will create a good safety net and give you peace of mind should anything go wrong,” concludes Murorua. NOTICE DUNAMIS CONSULTING TOWN AND REGIONAL PLANNERS on behalf of the owner of Erven 6336 and 6337 c/o Liszt and Kerby Streets, Windhoek intends to apply to the Windhoek City Council for the following: Rezoning of Erf 6336 c/o Liszt and Kerby Streets, Windhoek from ‘Residential’ with a density of 1:900 to ‘Business’ with a bulk of 1.0; Rezoning of Erf 6337 Kerby Street, Windhoek with a bulk of 1.0; Consolidation of Erven 6336 and 6337 Windhoek into Erf X, Consent for a Hotel Boutique on the consolidated Erf X zoned ‘Business’ with a bulk of 1.0, Consent for a Hotel Boutique on the consolidated Erf X while the rezoning and consolidation is in process. Erf 6336 and 6337 Windhoek are located at corner of Kerby and Liszt Streets, N0. 205. The property is currently zoned ‘Residential’ with a density of 1:900 and measures 966m² in extent. The new zoning of Business with a bulk of 1.0 will enable the owner to consolidate Erf 6336 with Erf 6337 of 2767m². On-site parking as required in terms of the Windhoek Town Planning Scheme will be provided. Further take note that the locality plan of the Erf can be inspected at the Windhoek Town Council Customer Care Centre Town Planning Notice Board, 80 Independence Avenue, Windhoek. Further take note that any person objecting to the proposed land use as set out above may lodge such objection together with the grounds thereof Dunamis Consulting Town & Regional Planners Email: MARKET OVERVIEW Change Latest 3 months 0.00% 7.13% 6 months 0.00% 7.59% CGP CAPRICORN INVESTMENT GROUP L 1802 0.00% 9 months -0.01% 7.72% NBS NAMIBIA BREWERIES LTD 4000 0.00% 12 months -0.02% 7.96% BVN BIDVEST NAMIBIA LTD 784 -0.13% Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4658 0.00% GC18 (R204 : 6.99%) 0.01% 7.90% ORY ORYX PROPERTIES LTD 2050 0.00% GC21 (R208 : 7.26%) 0.00% 8.08% NAM NAMIBIAN ASSET MANAGEMENT LT 69 0.00% GC24 (R186 : 8.39%) 0.01% 9.61% NHL NICTUS NAMIBIA 189 0.00% GC27 (R186 : 8.39%) 0.01% 10.00% BMN BANNERMAN RESOURCES LTD 43 10.26% GC30 (R2030 : 8.89%) 0.01% 10.56% DYL DEEP YELLOW LTD 234 0.43% GC32 (R213 : 8.97%) 0.01% 10.68% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC35 (R209 : 9.28%) 0.01% 10.71% FSY FORSYS METALS CORP 118 0.00% GC37 (R2033 : 9.1%) 0.01% 11.10% TUC TRUSTCO GROUP HOLDINGS LTD 840 0.00% %Change Latest B2G B2GOLD CORP 3467 5.54% Gold 0.40% $ 1,328.01 Platinum 0.70% $ 977.60 Copper 0.00% $ 6,831.00 Brent Crude -0.45% $ 62.12 %Change Latest NSX (Delayed) -0.05% 1344.43 JSE All Share 1.64% 57,130.86 SP500 1.39% 2,656.00 FTSE 100 0.06% 7,181.04 Hangseng 1.29% 29,839.53 DAX -0.53% 12,217.27 %Change Latest Financials 1.41% 17,756.50 Resources 1.94% 35,535.61 Industrials 1.65% 74,568.64 %Change Latest N$/US dollar -0.41% 11.8857 N$/Pound 0.09% 16.5270 N$/Euro 0.01% 14.6709 US dollar/ Euro 0.41% 1.2343 Latest Previous Namibia Inflation (Dec 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