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New Era Newspaper Wednesday July 12, 2017

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10 Inside BUSINESS: ICT

10 Inside BUSINESS: ICT & GADGETS Wednesday, July 12 2017 | NEW ERA NOTICE TO ALL NORED POSTPAID CUSTOMERS NOTICE NORED ELECTRICITY(PTY)LTD herewith informs its esteemed Post Paid Customers of the recent successful migration to its new Billing System. Customers are herewith requested to use their NEW Customer Account Number as indicated against their TAX Invoice, as reference when making any payments to NORED ELECTRICITY (PTY) LTD with immediate effect. NORED ELECTRICITY(PTY)LTD wishes to assure all its customers that the change to the new Billing System was done with all due diligence and integrity. For further Information kindly contact: Ms. Sylvia Kalimba at the following contact details: Telecom to enhance user experience with higher internet speeds Staff Reporter Windhoek Telecom Namibia this week confirmed a special offer to increase customers’ internet speeds at a lower incremental cost. The offer is valid until September 30. “The speed increases we are offering today will bring immediate benefits to residential and business customers and the future will bring even more exciting products and services. Our goal is to deliver the experience our customers demand at competitive prices. This latest offer to customers to upgrade is essential to continue to meet that goal today and into the future,” said Telecom’s head of Corporate Communications and Public Relations, Oiva Angula. Customers with a 1024kbps package can double their internet speed to 2048kbps at an additional cost of N. Telecom Namibia is also offering customers with an entry-level package of 512kbps the opportunity to upgrade to 1024kbp for N. Alternatively, customers with an entry-level package can quadruple their internet speed to 2048kbps at a minimal fee. “We are continually working to provide the best services for our customers. As our customers’ internet usage continues to increase we are constantly working to improve our network and implement the latest technologies to deliver the best internet experience possible,” said Angula. He added that Telecom Namibia has invested over a billion dollars in its network to meet customer demand. Tel: 065 2822132 Email: k.sylvia@nored.com.na MtGox CEO says ‘not guilty’ at missing Bitcoin trial in Japan Tender FNB Namibia is requesting tenders for the provision of cleaning services at various offsite ATMs in the Windhoek area Pre-qualifying criteria for prospective Tenderers required by the bank will be as follows: • Certificate of Good Standing from Social Security Commission • Company Registration Certificate • Certificate of Good Standing for Tender Purposes from Inland Revenue • Bank Rating Certificate • Proof of current and previous major Corporate Cleaning Service Contracts Relevant documents to be collected from the following address with a non-returnable fee of N0 payable for the documentation. Procurement Department First National Bank Head Office @Parkside,130 Independence Avenue Windhoek Namibia Last day for collection will be Monday, 17 July 2017. Compulsary site visit to be held on Tuesday, 18 July 2017 as per Tender Document stipulations Completed documents in a sealed envelope clearly marked “Cleaning Services for Windhoek Offsite ATMs - Tender (S) 2/2017” must be deposited into the tender box situated at Reception, FNB Head Office @Parkside, 130 Independence Ave, Windhoek Closing Date and Time: Friday, 28 July at 12h00 NO FAXES OR E-MAIL WILL BE ACCEPTED. THE BANK SHALL NOT BE BOUND TO ACCEPT ANY TENDER. Contact for Enquiries: Jacques Joubert Manager Procurement Tel 061 299 2676 Email: Gideon.Joubert@fnbnamibia.com.na WEATHERMEN & CO TOKYO Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, denied wrongdoing Tuesday as his trial got under way in Tokyo on charges linked to the disappearance of hundreds of millions of dollars worth of the virtual currency. The French national – once the high-flying head of the world’s busiest Bitcoin trading platform, who reportedly lived in an US,000-a-month penthouse – is facing embezzlement and data manipulation charges. The 32-year-old was first arrested in August 2015 and released on bail nearly a year later over allegations he fraudulently manipulated data and pocketed millions worth of Bitcoins – a disappearance that hammered the digital currency’s reputation. On Tuesday, it took nearly half an hour for the indictment against him to be read aloud in a Tokyo courtroom. Karpeles is alleged to have repeatedly manipulated computer data to “cover personal expenses”, including some 6.0 million yen (US,500) transferred from a company account to pay for a canopy bed, the court heard. “I swear to God that I am innocent,” Karpeles, speaking in Japanese, told the three-judge panel hearing his case. “The bankruptcy of MtGox caused a lot of damage for many and, as its CEO at the time, I apologise from the bottom of my heart.” The Tokyo-based exchange, which claimed it once hosted around 80 percent of global Bitcoin trading, shuttered in 2014 after admitting that 850,000 coins – worth around US0 million at the time – had disappeared from its vaults. The company initially said there was a bug in the software underpinning Bitcoins that allowed hackers to pilfer them. Karpeles later claimed he had found some 200,000 of the lost coins in a “cold wallet” – a storage device, such as a memory stick, that is not connected to other computers. Dressed in a dark suit and tie, the one-time MtGox CEO repeated the hacking claims Tuesday. “The main reason for the Bitcoins’ disappearance was an external hacking attack,” he told his trial. Karpeles later said he is working with “various entities” to track down the missing funds. “Most people will not believe what I say. The only solution I have is to actually find the real culprits,” he told reporters after the hearing. MtGox filed for bankruptcy protection soon after the cybermoney went missing, leaving a trail of angry investors calling for answers and denting the virtual currency’s reputation. “The charges may not cover all the things which have been happening at MtGox, so it is really just a question of waiting to see how deep the questions go,” Kolin Burges, a British investor who lost several hundred Bitcoins in the MtGox collapse, said outside court. In 2010, a Paris court sentenced Karpeles in absentia to a year in prison for hacking. He had come to Japan to work for a web development company around 2009 and later got involved with the Bitcoin exchange. In the wake of the MtGox scandal, Japan passed a bill stipulating that all virtual currency exchanges must be regulated by its Financial Services Agency. Virtual currencies are generated by complex chains of interactions among a huge network of computers around the world, and are not backed by any government or central bank, unlike traditional currencies. Despite the demise of MtGox and concerns about security, Bitcoin and hundreds of rival digital currencies are becoming increasingly popular and accepted by merchants worldwide. Bitcoin has seen wild volatility during its short life, soaring from just a few US cents to more than US,300 now, more than double its value just a few months ago. Backers say virtual currencies offer an efficient and anonymous way to store and transfer funds online. Critics argue the lack of a legal framework governing the currency, the opaque way it is traded and its volatility make it dangerous. There are also security concerns. Bitcoin has suffered hacking incidents including one last year in which a major Hong Kong-based exchange Bitfinex suspended trading after US million in the virtual unit was stolen. – Nampa/AFP

Wednesday, July 12 2017 | NEW ERA Inside BUSINESS 11 Goodness Gang invades Food Lover’s market Staff Reporter Windhoek Food Lover’s Market yesterday officially introduced the Goodness Gang to Namibian consumers. The gang, which consists of a range of fruit and vegetable plushies, forms part of the company’s drive to promote healthy eating, particularly to children, in a fun and interactive way. The members of the ‘gang’ are Olly Orange, Sally Strawberry, Benny Banana, Pumi Pea, Bongi Blueberry, Manny Mushroom, Betty Broccoli and Adam Apple. The characters will be available at Food Lover’s Market at Maerua Mall, where besides encouraging healthy eating they will provide customers with stickers as incentives to claim free plushy characters. The campaign actually commenced on June 12 and will run until November 12 this year. The last day to redeem Goodness Gang plushies will be on 26 November 2017. Customers, spending a minimum of N in Food Lovers Market stores, earn one sticker. A Goodness Gang plushie can be redeemed once the collector card has been filled with 70 stickers, but customers can also buy a character after collecting 30 stickers. To reinforce the message of healthy eating and nutrition, the Goodness Gang mascots will be visiting various stores and schools over the next few months. Food Lover’s Market currently has five stores in Namibia, namely in Swakopmund, Walvis Bay and three store in Windhoek. According to managing director of Food Lover’s Market in Namibia Louis Peens, the success of the campaign will determine its longevity as it may be extended if it produces positive results. Photo: Emmency Nuukala Happy day… Managing director of Food Lover’s Market Louis Peens with Goodness Gang member Sally Strawberry and some visiting children at Food Lover’s Market in Maerua Mall. Pre-paid water system at Gobabis gets mixed response GOBABIS The introduction of a pre-paid water system at the Gobabis informal settlement of Canaan has evoked mixed reactions from residents here. The initiative, which was introduced by the local municipality as a means to encourage more prudent use of water, has been met with fierce resistance by some residents. The system has over the past two years been gradually introduced in Canaan, but residents here are yet to fully warm up to the idea. Amongst their concerns has been the cost associated with the exercise, which requires a fee of N0 for the purchase of a pre-paid water card. Residents are then required to load units onto the card by buying water tokens from the municipality, an exercise they say makes the initiative unaffordable to them. Johannes Garu-Nab, 32, told Nampa on Monday that he has been finding it hard to raise the N0 needed for the purchase of the pre-paid water card. “I survive on a hand-to-mouth basis from selling empty bottles and doing odd jobs; it is just plain impossible for me to get such money,” he said. Another resident, 53-year-old Meliano Kambari, said the initiative does not help them as it is not designed to assist those at grassroots level. “This is just insane; imagine buying an empty card without units which I still have to load? Where is the logic in that,” she asked. Gobabis Municipality spokesperson Fredrick Ueitele said the N0 was the price the municipality paid per card, as such it is simply passing on the cost to the residents to recover its costs. “We cannot reduce that amount as it is influenced by the price of the supplier from which we bought the pre-paid water meter cards,” he responded on Monday. According to Ueitele, residents had complained that the old system where people were appointed by the municipality to sell water from its communal taps was not working, hence the introduction of the new system. “People complained that those selling water are not always at home, as such we had to think of new ways to handle this issue after extensive consultations with the residents themselves,” he said. Ueitele said the system will soon be fully implemented and the existing open communal taps will be done away with entirely, pending a council resolution. Canaan is home to about half of Gobabis’s population, and is inhabited mainly by unemployed residents. – Nampa Water is life… Children use homemade carts to ferry water to their houses at the Canaan Informal Settlement. MARKET OVERVIEW Money Market Change Latest Selected NSX Stock 3 months 0.00% 7.34% Symbol Stock Name Spot % Move 6 months -0.01% 7.83% CGP CAPRICORN INVESTMENT GROUP 1800 8.23% 9 months -0.01% 8% NBS NAMIBIA BREWERIES LTD 3331 0.00% 12 months 0.00% 8.23% BVN BIDVEST NAMIBIA LTD 787 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4709 0.00% GC17 (R203 : 7.37%) -0.02% 8.04% ORY ORYX PROPERTIES LTD 2070 0.00% GC18 (R204 : 7.54%) 0.01% 8.45% NAM NAMIBIAN ASSET MANAGEMENT 72 0.00% GC21 (R208 : 7.87%) 0.02% 8.69% NHL NICTUS NAMIBIA 200 0.00% GC24 (R186 : 8.89%) 0.03% 10.11% BMN BANNERMAN RESOURCES LTD 29 3.57% GC27 (R186 : 8.89%) 0.03% 10.50% DYL DEEP YELLOW LTD 293 3.17% GC30 (R2030 : 9.43%) 0.03% 11.10% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC32 (R213 : 9.5%) 0.03% 11.21% FSY FORSYS METALS CORP 131 1.55% GC35 (R209 : 9.79%) 0.03% 11.22% TUC TRUSTCO GROUP HOLDINGS LTD 430 0.00% Commodities %Change Latest B2G B2GOLD CORP 3714 6.60% Gold -0.17% $ 1,212.26 Platinum -0.66% $ 895.49 Copper 0.00% $ 5,824.00 Brent Crude -0.88% $ 46.12 Main Indices %Change Latest NSX (Delayed) 0.23% 1030.59 JSE All Share 0.35% 52,369.49 SP500 0.09% 2,427.43 FTSE 100 -0.44% 7,337.53 Hangseng 1.48% 25,877.64 DAX 0.20% 12,470.99 JSE Sectors %Change Latest Financials -0.64% 14,482.48 Resources 1.43% 32,194.04 Industrials 0.39% 70,817.04 Forex %Change Latest N$/US dollar 0.49% 13.5498 N$/Pound 0.34% 17.4270 N$/Euro 0.55% 15.4543 US dollar/ Euro 0.05% 1.1405 Namibia Monthly Data Latest Previous Namibia Inflation (May 17) 6.3 6.7 Bank Prime 10.75 10.75 BoN Repo Rate 7.00 7.00 11-Jul-17

New Era

New Era Newspaper Vol 22 No 167

Kundana

Kundana