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Tells it All - Namibian Sun

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  • 11/08/16--14:00: Amarika well claims 9th life
  • Amarika well claims 9th lifeAmarika well claims 9th life Another drowning has been reported at Amarika village in the Omusati Region where a 55-year-old man died at the end of last month after falling into a seven-metre-deep well.

    Otamanzi Constituency councillor Johannes Iiyambo confirmed the drowning.

    He said the man died while trying to collect water from the well – situated just few metres from a non-functioning desalination plant donated by Germany.

    The well claimed the life of a six-year-old boy in August.

    The man has been identified as Paulus Edward ''Boy'' Shaanika, a cattle post owner at Amarika.

    Shaanika''s body was recovered from the well by cattle herders who went to collect water on 27 October.

    “Cattle herders found shoes at the top of the well. They started looking for the owner. They spotted a water container in the water below and when they searched the well they discovered his body and informed the police,” Iyambo said.

    Shaanika, who was from Onaniki village near Etilyasa in the same constituency, was staying at his cattle post in Amarika.

    In August six-year-old Martin Andiyatuye Iipinge, a learner at the Amarika Primary School, drowned in the same well while trying to fetch water.

    Iipinge went missing on the evening of 13 August and was discovered by people who went to fetch water from the well the next morning. When the police were called they refused to remove the body, saying the well looked too dangerous. They then watched as local men retrieved the body. The Omusati police spokesperson, Warrant Officer Linekela Shikongo, confirmed Shaanika''s drowning but could not say who removed the body this time.

    So far nine people have drowned in the Amarika wells, an important source of water for people and their animals. Continual breakdowns of the N$200 million desalination plant have forced people to draw water from these dangerous wells. According to Iiyambo, the desalination plant broke down again a month ago.



    ILENI NANDJATO

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  • 11/08/16--14:00: Whites must fight inequality
  • Whites must fight inequalityWhites must fight inequalityGeingob annoyed by brouhaha about NEEEF Opening an investment conference in Windhoek yesterday, the president once again slammed white business people for wanting to defend their own interests. President Hage Geingob has castigated white businesses to stop being protective of their economic interests and rather embrace empowerment policies meant to tackle the high levels of inequality in society.

    Geingob said there was no need to fear the New Equitable Economic Empowerment Framework (NEEEF), which aims to address the economic imbalances of the past.

    The president added that NEEEF needed to be implemented in the face of growing social inequality. He noted that there was widespread criticism but gave no indication that he would put the empowerment framework aside.

    “To have the New Equitable Economic Empowerment Framework is good. Are we going to sit and watch inequality grow?” he asked. “Some people just hate this word (NEEEF). I do not know why white people are feeling guilty and protective. Let''s share what we have. If all of us can do that, it can go a long way. That is all I am saying.”

    The president made the remarks yesterday while addressing delegates at the start of a two-day Invest in Namibia International Conference in Windhoek.

    Making reference to his recent visit to the United States, Geingob quipped: “Even in countries like the United States, the government understood that continued inequality carries negative consequences in terms of national unity and stability.





    Prior to my trip to the United States in September this year, a journalist posed a question as to how I would explain NEEEF to the Americans.

    “I replied by saying that it was due to social inequalities that affirmative action policies were put in place in the United States. Namibia, which remains one of the countries with the highest income gaps in the world, therefore has every right to pursue broad-based economic empowerment. We have therefore put in place policies that are aimed at redressing these social imbalances.”

    There has been growing discontent over NEEEF in recent months especially within the white business community, who expressed disappointment that the government is on a mission to drive them out of business.

    The NEEF Bill would supersede all other state transformation and empowerment policies and provide a framework which all private-sector initiatives must conform to.

    The bill proposes a mandatory minimum requirement that white-owned private companies sell “at least” 25%, or a percentage determined by a minister, to previously disadvantaged persons (PDPs). Another mandatory requirement is that that 50% of such companies'' management must consist of PDPs and that the equivalent of 0.5% of a company''s gross wages must be spent on training employees.

    In a recent interview with Namibian Sun, the permanent secretary in the prime minister''s office, Nangula Mbako, said the final report on the NEEEF Bill would be submitted to the premier soon.



    Ready for business

    Geingob yesterday welcomed international business delegates to the investment conference, assuring them that the country was open to doing business with them.

    He said concrete steps were being taken to work closely with the private sector through public-private-partnerships.

    “To entice private investment, we have decided to open our economy by actively embracing public-private partnerships that meet the expectation of both parties. After all, one of the key tenets of the Harambee Prosperity Plan is partnership. It must, however, be partnerships that are mutually beneficial and grounded in the spirit of mutual trust and transparency.”

    On meetings at State House he told the delegates: “I would like to once again reiterate that the Presidency welcomes courtesy visits and engagements with business people, but the tendency to seek appointments for the specific discussion of business plans and tenders is not welcome. My advice is that those requiring guidance seek the counsel of line ministers or technocrats. This is to encourage the process of multi-layered decision-making, which encourages transparency and discourages rent-seeking behaviour.”

    OGONE TLHAGE

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     Donald Trump is US president-elect Donald Trump is US president-elect American tycoon Donald Trump has been elected as the next president of the United States of America, beating rival and former secretary of state Hillary Clinton. Reports indicate that Clinton called Trump to concede the race.

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  • 11/09/16--06:25: Ndeitunga stands tomorrow
  •  Ndeitunga stands tomorrow Ndeitunga stands tomorrow The election for the president of Interpol will take place tomorrow during the 85th general assembly session, which is currently underway in Bali, Indonesia. One the list is our very own Inspector-General of the Namibian Police Sebastian Ndeitunga. He is currently campaigning as the African candidate for the position and holds the vice-presidency at the moment. In an earlier interview with Namibian Sun, Ndeitunga said he has been campaigning in Africa, Europe, America and other parts of the world. “I am hopeful that I will be able to swim the higher waves of different oceans and be a successful candidate. I rely on everybody’s support and should I win it would be good for Namibia as a country.”

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    Novel Ford sponsors Namibian sevens teamNovel Ford sponsors Namibian sevens team Namibia''s sevens rugby team on Tuesday received a sponsorship of N$175 000 from car dealer Novel Ford ahead of their trip to Swakopmund for the Safland Sevens Rugby Tournament.

    The tournament will take place on Saturday and Sunday.

    This is the second successive annual sevens rugby tournament in Namibia and will see international teams such as South Africa''s Blitzbokke battling it out with the Namibian sevens rugby team.

    Speaking to the media at the sponsorship announcement Rosie Moolman, dealer principal at Novel Ford, said the sponsorship will be used towards the team''s accommodation, transport and kit for the tournament.

    “It''s important for Novel Ford to be associated with a young and vibrant team in an exciting format of the game and in the process supporting the talented youth of our country,” she said.

    Included in the sponsorship will be three vehicles - two seven-seat buses that will transport players from Windhoek to Swakopmund and a vehicle that will be used by team officials.

    Other invited teams competing in the tournament are from Uganda, Poland, Germany, Italy, the United States, Argentina, Germany, Kenya and Zimbabwe.

    Last year''s tournament was held in Windhoek and was won by South Africa.

    Rugby sevens is a variant of rugby in which teams are made up of seven players playing seven-minute halves, instead of the usual 15 players playing 40-minute halves.

    NAMPA

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    Shikongo and Nambala take medals homeShikongo and Nambala take medals homeParalympian medallists off to the north today The Namibia Paralympic Committee will accompany Ananias Shikongo and Johannes Nambala to the Uukwaludhi palace to present their medals to the king on Saturday. Namibia''s only 2016 Paralympic Games medallists are to visit the north to show their medals to their parents and fans in Omusati and Oshana.

    Namibia Paralympic Committee (NPC) secretary-general Mike Hamukwaya says the athletes have to show their people what they have achieved and that is the idea behind the visit.

    Ananias Shikongo and his guide, Even Tjiviju, and Johannes Nambala will fly to Ondangwa tomorrow and on Saturday visit schools in the town before proceeding to Ongwediva to present the medals to their former school, the Eluwa Special School.

    Hamukwaya said: “The athletes hail from the northern regions so they gave us the idea that it is better that they also go back to their home ground were they can show the people what they have achieved because it is a big achievement and feel that their people also need to see what they have achieved.”

    He said the Paralympic Committee decided to help the athletes.

    “We will support them in the idea and definitely we will take them that side so that we can do the little activities that we can do, especially visiting schools and the Uukwaludhi palace,” he said.

    He added that their visit to Eluwa Special School will also serve as a motivation for learners at that school to take part in sports.

    “The athletes felt that they can also motivate the learners at Eluwa because that is where they came from so the medals might be a motivation for them,” he said.

    On Saturday, the athletes together with the NPC delegate will visit the Uukwaludhi palace, where the governor of Omusati will also meet the team.

    NPC will also take the athletes to Oshana and Omusati.

    “Because of funding we will not visit Ohangwena so we can only go to these two areas but if we had funds we wish we could visit all the areas in the country because it is an expensive exercise of flying them over and hiring a car, hotels so it is quite expensive for us,” said Hamukwaya.

    KAINO NGHITONGO

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    Hijarunguru vows not to resignHijarunguru vows not to resignBoxing control board chairperson hits back Namibia Professional Wrestling and Boxing Control Board chairperson Ellison Hijarunguru believes he has the right to remain in his position. Under-fire Namibia Professional Wrestling and Boxing Control Board chairperson Ellison Hijarunguru says he will not resign from the board even if people want him to do so.

    The chairperson said this after three boxing promoters on Tuesday demanded his immediate resignation.

    Anita Tjombe, Nestor Tobias and Kinda Nangolo accused the chairperson of leading the control board into disrepute since he was appointed in September.

    In an interview with Namibian Sun yesterday Hijarunguru said, “They are not the people to tell me to resign because I was not appointed by them.

    “I actually do not have any reason to resign from the board because I have done nothing wrong.

    “The truth is I am not shaken by any of this and because of certain people trying to push an agenda.

    “Like I told you before, there are forces from outside and inside the boxing control board trying to bring me down.”

    The veteran boxing official maintained that he is innocent and has a clear conscience.

    He responded to the video footage accusations by insisting that he did not see the incident in which WBF president Howard Goldberg was allegedly assaulted by members of Salute Boxing Promotions.

    “I have repeatedly explained this but people still feel that I have done wrong and I actually saw what happened.

    “I will not deny that I was there, but I only noticed things happened and I was even the one trying to stop the commotion without actually having a clue of what had happened.”

    Hiarunguru warned that divisions among the boxing fraternity will not be good for the sport.

    “We are going to have a meeting today (Wednesday) in order to come up with the solution to this matter.

    “I expect the board to issue a press release before the end of this week in which we will state our case in this matter and I hope the media will actually show it to the nation,” he said.

    JESSE JACKSON KAURAISA

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    PTA Tennis Series finishes in stylePTA Tennis Series finishes in style This year''s PTA Tennis Series came to an epic conclusion last weekend with some of the playing categories finishing in dramatic fashion.

    PTA head coach and tournament director Romeo van Wyk said it was a praiseworthy last tournament after an exciting season.

    “We have definitely improved the series and we look to ahead to an even better future,” he said.

    In the midi category Arnaud Marais secured his second overall win in a row after a tough season which saw Eila Kambonde and Samuel Mayinoti push the champion all the way.

    Marais, who won his third tournament of the season, entered last weekend''s event as the log leader and kept his cool to stay on top. Mayinoti was second to end the year behind Marais while Kambonde missed out on the action but remained third in the overall ranking.

    Delicia Dirkse defended her title despite having to settle for third place over the weekend. Hendrina Appolus returned to her winning ways after a lengthy absence but it wasn''t enough to claim the title.

    The second place went to Faith Kahuure, who battled with Dirkse most of the year, ending a mere 500 points behind the champion.

    The most intense action came in the boys'' intermediate division, where Mike Kambonde and Randel Kavandje set up a mouth-watering finale. Kavandje had consistently accumulated points to get himself to the top of the log going into the season finale, but Kambonde had been the more successful player recently, winning four tournaments in a row.

    He was successful again this time, but two tournament misses cost him dearly as Kavandje''s second spot secured him the championship.

    Cleet Farmer, on the other hand, had already defended his title before going into the tournament after winning seven of the eight series events. Godwin Husselmann took his second win of the season now but it wasn''t enough to catch up to Farmer. Third place went to Dudley Minnie.



    SPORT REPORTER

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    Crosby's Pens topple McDavid's Oilers in first head-to-headCrosby's Pens topple McDavid's Oilers in first head-to-head Sidney Crosby isn''t ready just yet to pass the torch, but rising star Connor McDavid showed on Tuesday why he may one day challenge the superstar for the title of the NHL''s best player.

    The Pittsburgh Penguins overcame a three-point night from the 19-year-old McDavid with a 4-3 victory over the Edmonton Oilers in the first head-to-head matchup between the two.

    Conor Sheary scored his second goal of the game with 1:42 remaining, and the Penguins battled back from a two-goal deficit in front of a crowd of 18,500 at the Consol Energy Center arena.

    “I don''t think we wanted to be in a back-and-forth game,” Crosby said. “They''ve got a lot of skill and they showed it tonight.”

    The Oilers top line of Patrick Maroon, McDavid and Jordan Eberle capitalised on a succession of rushes to open a 3-1 lead in the second period. Pittsburgh forward Evgeni Malkin tied it in the third with a brilliant one-handed sweep of Phil Kessel''s pass to the net.

    Eberle scored twice and McDavid set up all three Edmonton goals. Crosby didn''t score, the first time he hasn''t collected a point in 14 contests.

    The Penguins showed a lot of resiliency with yet another in a succession of comebacks from two-goal deficits this season.

    Sheary won it by scoring from the side of the net. Oilers Benoit Pouliot was trying to push it away from Sheary, but it appeared to deflect off the Oilers'' stick and past goalie Cam Talbot.

    “The puck kind of popped out and I tried to jam it in,” Sheary said. “It was a little bit of a lucky bounce.”

    NAMPA/AFP

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    Lungu goal gives Zambia victoryLungu goal gives Zambia victoryChipolopolo get ready for Cameroon Zambia''s solitary goal was enough to serve as a motivation for the team as they travel to face Cameroon in the World Cup qualifiers. Zambia edged hosts Uganda 1-0 on Tuesday in a warm-up match for both countries ahead of 2018 World Cup qualifiers this weekend.

    Chisamba Lungu, a 25-year-old attacking midfielder who plays in the Russian Premier League, scored the winner on 25 minutes in Kampala.

    What seemed an ambitious long-range shot deflected off defender Isaac Isinde and beat goalkeeper Robert Odongkara.

    Recalled striker Geoffrey Massa wasted the best chance to equalise for Uganda during the second half.

    Victory was a morale boost for former African champions Zambia after a 1-0 friendly loss in Zimbabwe last Saturday. Coaches Milutin Sredojevic of Uganda and Wedson Nyirenda of Zambia made numerous second-half substitutions as they experimented with players and tactics.

    Those who came off the bench included Zambia''s Rainford Kalaba, whose brace helped Democratic Republic of Congo club TP Mazembe win the CAF Confederation Cup two days ago.

    On Saturday, Uganda host Congo Brazzaville and Zambia are away to Cameroon in World Cup qualifiers.

    NAMPA/AFP

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    Unbeaten Kovalev, Ward in Vegas title showdownUnbeaten Kovalev, Ward in Vegas title showdown Former world champion Andre Ward says the winner of next week''s showdown of unbeatens between himself and world light-heavyweight champion Sergey Kovalev should be seen as boxing''s pound-for-pound king.

    “It would be really hard to go against that, based on both our resumes and us stepping up and being willing to fight,” Ward said on an international conference call. “The winner of this fight should be pound-for-pound number one.”

    The November 19 matchup in Las Vegas will see Russia''s Kovalev, 30-0 with one drawn and 26 knockouts, defend the World Boxing Association, International Boxing Federation and World Boxing Organisation crowns for a fifth time since beating Bernard Hopkins for them all in a unification bout. “This fight is a great opportunity for both of us to show the boxing world who is the best pound-for-pound,” Kovalev said. “It''s going to be a war between us.” Ward, a 32-year-old American, is 30-0 with 15 knockouts. He was the 2004 Athens Olympics light heavyweight champion, the most recent US fighter to claim Games gold.

    “I''ve heard people say I''m not the same fighter I was in my 20s and I hope I''m not,” Ward said. “I should be getting better.”

    After an 18-month layoff, Ward fights for the third time in 17 months, his most recent triumph a unanimous decision over Colombia''s Alexander Brand three months ago before a hometown crowd in Oakland, California.

    “It''s surreal,” Ward said. “Fighting as a young kid we never got too caught up in ourselves. I get a little scared to look back on what we''ve accomplished and relish it because the clock is still ticking. I''m still going. I''ve got to show up and do what I''m still doing. When I do peek back, just for a split second, it''s overwhelming.” Ward, who held a share of the world super middleweight crown from 2009 to 2013, says the fight will go beyond easy labels of Kovalev as a big puncher and Ward as an elusive target trying to get rivals off their game.

    “If it was just about me being a neutralizer some of these big punchers would walk right through me. There''s more to me than that,” Ward said. “He''s not a brawler. He thinks in there. We''re ready for whatever he brings. That''s the key. It''s about making constant adjustments.

    “There''s a lot at stake. It''s going to come down to who wants it more. I''m ready, I''m excited and I can''t wait to fight. I just have to make the most of this.”

    Kovalev, 33, had been in talks to fight for an undisputed title with Haitian-born Canadian southpaw Adonis Stevenson, the World Boxing Council champion who is 28-1 with 23 knockouts, but when no deal could be struck, Kovalev surrendered his mandatory challenger rights to face a fighter he said he thinks will be his toughest foe yet.

    “He has never lost before. But it''s my job. Let me do it and break his zero,” Kovalev said. “I don''t have any different strategy. My strategy is just to win.

    “He''s in the way of my goals and my dreams. I can''t give this to him. I want to destroy him.”

    Kovalev, coming off a victory in Russia last July over Malawi''s Isaac Chilemba, says he expects Ward will be an elusive target but eventually a sore one.

    “He will be changing positions the whole fight. He will be feeling uncomfortable after feeling my punches,” Kovalev said. “If I happen to knock him out, it will be a bonus for boxing and for me as well.”

    “Ward is patient and crafty,” added Kovalev trainer John David Jackson. “But you can''t be that patient and crafty when your opponent has bombs in both hands. This fight here, he has to fight.”

    NAMPA/AFP

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    Brazil eye Argentina ambush, World Cup exorcismBrazil eye Argentina ambush, World Cup exorcism Brazil is set to face Argentina today in a 2018 World Cup qualifier, and their coach says he tries not to think too much about the history, but would rather focus on strategy. A resurgent Brazil return to the scene of the most humiliating defeat in their history on today when they face Argentina in a titanic 2018 World Cup qualifier.

    Two years ago at Belo Horizonte''s Estadio Mineirao, Brazil were ripped apart 7-1 by Germany in the World Cup semi-finals, a traumatic mauling that sent the football-mad country into a nosedive of despair.

    But fast-forward to 2016, and Brazil look to be a team firmly on the road to recovery as they prepare for the 107th meeting with Argentina at the 61,800-seat venue.

    A disastrous Copa America Centenario campaign which saw Brazil eliminated in the first round of the tournament for the first time since 1987 led to the dismissal of coach Dunga in June.

    Dunga''s replacement, Tite, the successful former Corinthians coach, has overseen a renaissance which has left admirers talking about a return of the Selecao''s fabled “jogo bonito” (“beautiful game”).

    A stylish 3-0 win at Ecuador in September the first in Brazil''s history was followed by a 2-1 win over Colombia before a 5-0 drubbing of Bolivia.

    A further win over Venezuela in October Brazil''s fourth straight qualifying victory catapulted Tite''s side to the top of Brazil''s 10-team round-robin standings, with 21 points from 10 games.

    “I don''t have the adjectives. I''m living the dream of any Brazilian coach,” Tite said after naming his squad for this week''s clash with Argentina. “I try not to think too much about the history. I''m just focused on the strategy.”

    Brazil are likely to face the most searching examination of their reawakening against Argentina, who will welcome back Lionel Messi after the Barcelona superstar missed their last three games through injury.

    Tostao, a veteran of Brazil''s magical 1970 World Cup-winning side, wondered whether a decisive win over Argentina could finally help the country turn the page on the traumas of 2014.

    “Would it not be a symbolic landmark to end the depression, the mourning, even if it it not against Germany,” the 69-year-old midfielder wrote in an opinion piece.

    Brazil''s rediscovered joie de vivre has been best exemplified by the form of Neymar, dazzling in the win over Bolivia last month, while others such as Liverpool''s Philippe Coutinho and Roberto Firmino have also shined under Tite.

    Manchester City-bound teenager Gabriel Jesus has also impressed, scoring three goals in four games under Tite.

    While Brazil''s fortunes have been on an upswing, Argentina''s form has tailed off in recent matches.

    With Messi missing, Argentina lost one and drew two of their last three games, a run of results that saw them fall off the pace.

    A retrospective FIFA decision to award Chile a 3-0 win over Bolivia for the fielding of an ineligible player also hurt Argentina, promoting the Chileans to fifth spot and leaving the Albiceleste in sixth.

    The return of Messi to Argentina''s ranks should calm the two-time world champions'' nerves. Messi arrived in Belo Horizonte this week after hitching a lift in the private jet of Barcelona teammate Neymar.

    In other matches on Thursday, second-placed Uruguay meets third-placed Ecuador in Montevideo while fourth-placed Colombia takes on fifth-placed Chile in Barranquilla.

    Chile''s preparations have been jolted by a late injury to striker Alexis Sanchez. The Arsenal star suffered a muscle strain during training in Santiago, preventing him from travelling to Colombia.

    The top four finishers in South America''s standings qualify automatically for the 2018 finals in Russia. The fifth placed side faces a playoff.

    NAMPA/AFP

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    Revamped Hawks end Cavaliers' perfect startRevamped Hawks end Cavaliers' perfect start NAMPA/AFP

    The Atlanta Hawks handed Cleveland their first loss on Tuesday with a 110-106 win, breaking a series stranglehold that saw the Cavaliers sweep Atlanta out of the playoffs the last two years.

    The Hawks'' victory snapped an 11-game losing skid to Cleveland, who dropped to 6-1 on the season as they were the NBA''s last unbeaten team.

    "We were tired of getting pushed around by Cleveland and we wanted to beat these guys," said Hawks center Dwight Howard.

    This is a much different Hawks team than the one that had been dominated by the Cavaliers and Howard is one of the reasons why.

    The addition of Howard to the line-up is part of the roster shakeup that coach Mike Budenholzer had hoped would allow them to compete with the Cavaliers.

    "They''ve dominated the Eastern Conference for a long time now," Hawks forward Kent Bazemore said.

    "They''re definitely the measuring stick, and we passed our first test. This is one of the biggest wins I''ve had since I''ve been here.

    "They''re a very, very special team and for my two years here, they''ve kicked our butts."

    Cleveland swept the Hawks in the conference semi-finals last spring when they set three-point shooting records and won each game by an average of 12.5 points.

    The Cavaliers swept all seven meetings between the two last season, including the postseason.

    Howard finished with 17 rebounds for Atlanta despite having to leave the game briefly in the first quarter to get stitched up for a cut to the lip.

    "We are tired of what people said about us in the past and we wanted to change that," Howard said. "We are going to grow as a team. Our chemistry gets better with every game."

    Dennis Schroder scored a career-high 28 points, Bazemore added 25 and Paul Millsap tallied 21 for the Hawks in front of a crowd of 20,500 at Quicken Loans arena in Cleveland.

    Bazemore made a couple of clutch baskets in the final four minutes. His three-pointer with 3:33 left extended the Hawks'' lead to 101-95.

    He followed with a baseline jumper in the final seconds to put the game out of reach after a three-point play from Kevin Love had pulled Cleveland within 108-106 with 25 seconds left.

    Kyrie Irving scored 29 points, LeBron James had 23 points, nine rebounds and five assists and Love added 24 points and 12 rebounds for Cleveland, who missed 31 three-point attempts.

    In Memphis, Marc Gasol hit a short shot as time expired to lift the Memphis Grizzlies past the Denver Nuggets 108-107.

    Emmanuel Mudiay, who scored a game-high 23 points, put the Nuggets on top with eight seconds left.

    Trailing 106-105, Denver trapped Grizzlies point guard Mike Conley on an inbounds play.

    Gary Harris stole the ball and passed to Mudiay, who finished with a dunk.

    The teams then exchanged turnovers in the final seconds. Vince Carter lobbed the ball from the baseline on the inbounds play to Gasol for the winning shot.

    Gasol finished with 19 points and six assists while Danilo Gallinari led the Nuggets with 21 points.

    In New York, Brook Lopez scored 26 points, and the Brooklyn Nets made enough plays down the stretch for a 119-100 victory over the Minnesota Timberwolves.

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    Global markets rocked as Trump takes the leadGlobal markets rocked as Trump takes the lead''Trump slump'' hits markets The Mexican peso - which was battered by Trump''s anti-immigrant rhetoric earlier in the campaign - hit a record low against the dollar. Global stock markets sank yesterday after Republican maverick Donald Trump won the US presidency, fanning fears over the world economy, but London attempted a brief rebound in exceptionally volatile trade.

    Asian equities kicked off the rout, with Tokyo nosediving on investor concerns over the untested policies of the incoming president, who has scored a shock victory over Democrat and market favourite Hillary Clinton.

    Europe followed suite, tipping two percent lower in Frankfurt, London and Paris, but the British market rebounded briefly into slender gains after Trump''s conciliatory acceptance speech.

    “We have seen the market reaction be nowhere near as bad as it might have been - we could yet see a big pullback,” said ETX Capital analyst Neil Wilson.

    “Just like Brexit the longer term implications of this vote are much harder to discern and forcing investors to take stock.”

    “For now markets look like they are in limbo, maybe waiting for the US open for direction,” he told AFP.

    Investors fled to safe-haven assets, with gold prices rising more than 5% and German government bonds rallying.

    “While we have seen a small correction over the last couple of hours, we are still seeing significant risk aversion throughout the markets,” said Oanda analyst Craig Erlam.

    “The uncertainty this brings could weigh on sentiment in the short term. Trump''s initial comments appear to have helped ease concerns a little.”

    Rebecca O''Keeffe, head of investment at stockbroker Interactive Investor, noted there were “significant” worries over Trump''s policies.

    “Clinton was a continuation of the status quo, whereas Trump is a huge leap into the unknown, so investors, as well as the wider public, have significant concerns about what he will do and whether he is up to the job,” O''Keeffe said.

    “Trump is likely to cut taxes, invest in US infrastructure, be very pro-growth at home but be highly protectionist when it comes to the rest of the world.”

    The incoming president insists he could bring jobs back to America by renegotiating international trade deals.

    “Trump has never held elected office before and therefore the political uncertainty associated with his presidency has been amplified,” Rabobank analyst Jane Foley said.

    “The biggest concerns relate to potential trade spats given his protectionist stance which have negative effects for the global economy.”

    The president-elect has repeatedly vowed to ruthlessly pursue growth of the world''s biggest economy.

    “Equities opened to a sea change in the US political landscape,” noted AJ Bell Investment Director Russ Mould.

    “The conciliatory tone in Trump''s victory speech helped to cushion the impact.”

    Initial confidence that Clinton would win vanished as results showed the firebrand tycoon picking up the major scalps needed to take the White House.

    After he won a swathe of states, Clinton called Trump to concede.

    “Implications are unknown as we need to see if (Trump) really wants follow through on what he pledged,” Accendo Markets analyst Mike van Dulken said.

    “Now he has the votes and has won, does he need to be so controversial, something that has struck fear into the hearts of global investors?”

    Tokyo stocks collapsed 5.4% and Hong fell 2.2%.

    Russian stocks however rose on hopes of improving US relations after Russian President Vladimir Putin congratulated Trump.



    NAMPA/AFP

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  • 11/09/16--14:00: 'Trump slump' hits markets
  • 'Trump slump' hits markets'Trump slump' hits marketsAS maverick wins US presidency The Mexican peso - which was battered by Trump''s anti-immigrant rhetoric earlier in the campaign - hit a record low against the dollar. Global stock markets sank yesterday after Republican maverick Donald Trump won the US presidency, fanning fears over the world economy, but London attempted a brief rebound in exceptionally volatile trade.

    Asian equities kicked off the rout, with Tokyo nosediving on investor concerns over the untested policies of the incoming president, who has scored a shock victory over Democrat and market favourite Hillary Clinton.

    Europe followed suite, tipping two percent lower in Frankfurt, London and Paris, but the British market rebounded briefly into slender gains after Trump''s conciliatory acceptance speech.

    "We have seen the market reaction be nowhere near as bad as it might have been - we could yet see a big pullback," said ETX Capital analyst Neil Wilson.

    "Just like Brexit the longer term implications of this vote are much harder to discern and forcing investors to take stock."

    "For now markets look like they are in limbo, maybe waiting for the US open for direction," he told AFP.

    Investors fled to safe-haven assets, with gold prices rising more than 5% and German government bonds rallying.

    "While we have seen a small correction over the last couple of hours, we are still seeing significant risk aversion throughout the markets," said Oanda analyst Craig Erlam.

    "The uncertainty this brings could weigh on sentiment in the short term. Trump''s initial comments appear to have helped ease concerns a little."

    Rebecca O''Keeffe, head of investment at stockbroker Interactive Investor, noted there were "significant" worries over Trump''s policies.

    "Clinton was a continuation of the status quo, whereas Trump is a huge leap into the unknown, so investors, as well as the wider public, have significant concerns about what he will do and whether he is up to the job," O''Keeffe said.

    "Trump is likely to cut taxes, invest in US infrastructure, be very pro-growth at home but be highly protectionist when it comes to the rest of the world."

    The incoming president insists he could bring jobs back to America by renegotiating international trade deals.

    "Trump has never held elected office before and therefore the political uncertainty associated with his presidency has been amplified," Rabobank analyst Jane Foley said.

    "The biggest concerns relate to potential trade spats given his protectionist stance which have negative effects for the global economy."

    The president-elect has repeatedly vowed to ruthlessly pursue growth of the world''s biggest economy.

    "Equities opened to a sea change in the US political landscape," noted AJ Bell Investment Director Russ Mould.

    "The conciliatory tone in Trump''s victory speech helped to cushion the impact."

    Initial confidence that Clinton would win vanished as results showed the firebrand tycoon picking up the major scalps needed to take the White House.

    After he won a swathe of states, Clinton called Trump to concede.

    "Implications are unknown as we need to see if (Trump) really wants follow through on what he pledged," Accendo Markets analyst Mike van Dulken said.

    "Now he has the votes and has won, does he need to be so controversial, something that has struck fear into the hearts of global investors?"

    Tokyo stocks collapsed 5.4% and Hong fell 2.2%.

    Russian stocks however rose on hopes of improving US relations after Russian President Vladimir Putin congratulated Trump.

    NAMPA/AFP

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    Bank Windhoek tops in blood donationsBank Windhoek tops in blood donations Bank Windhoek was last week recognised as the Namibian Blood Transfusion Service''s Top Corporate for 2016. The bank received the gold award for the year.

    Bank Windhoek''s wellness consultant, Marjolize Scholtz, also won the NamBTS Top Contact award for her work in initiating and mobilising blood transfusion clinics at the bank''s various locations.

    With 262 donations so far, Bank Windhoek is setting its sights on beating 2015''s record of 286 donations when the final round of blood transfusion clinics take place on 7 December.

    “At Bank Windhoek we strive to encourage employees to see the lasting impact they have on their own lives and those around them. Our blood donation clinics are just one of many such examples. Here we encourage employees to give of themselves and donate blood,” said Scholtz.

    Scholtz says that donating blood is a selfless act and one of the easiest ways to save three lives at once.

    “This year our employees have potentially saved 786 lives with blood donations and we aim to further increase this number at out last clinic for the year. Since regular blood donors also tend to take good care of their health in order to be able to donate again and again, I would say this is a win-win recipe. We all know that healthy employees are so much happier in general.

    “Therefore come and join some happy faces at the next blood donation clinic at Windhoek Main Branch on 7 December and stand a chance to win various prizes. Challenging times will come and go, but we will continue to look for new ways to enable our employees and customers alike to give the gift of life by donating blood.

    “We value and thank our employees continued contribution towards the welfare of Namibian and we encourage fellow corporates to assist in the cause of donating blood,” said Jacquiline Pack, executive officer: marketing and corporate communication services.

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    Gecko keeps graphite lid shutGecko keeps graphite lid shut''No comment'' Little to nothing is known locally about what could be an exciting graphite project. Although it had at one point submitted an application for the development of its Okanjande graphite resource, Gecko Mining has not been particularly forthcoming about the development of its graphite deposit, in stark contrast to graphite-related activities witnessed in the south, driven by Canadian company Next Graphite.

    When contacted last week, Gecko Mining was not willing to update Namibian Sun about the planned development of its Okanjande project. Its executive for investor relations, Martha Ruider, simply stated: “Unfortunately, Gecko will not share any information regarding the graphite and phosphate mining at this stage.”

    Ruider further refused to comment on contracts with any potential graphite customers, while also shielding questions about the financing of its graphite-related activities. In a submission for an impact assessment study prepared by Enviro Dynamics, Gecko previously stated: “Gecko Graphite has recognised the high demand for quality graphite worldwide and has obtained the mineral rights over the Okanjande deposit. In recent years Gecko Graphite has however recognised the new high demand for quality graphite worldwide.”

    Graphite is a naturally occurring form of crystalline carbon and is regarded as an essential commodity used in refractories, brake linings, foundry operations, lubricants, batteries and pencils.

    Gecko in 2014 toyed with the idea of beneficiation in its graphite project. It motivated in its Socio-Economic Impact Assessment report in 2014: “During the second phase of the project it is envisaged to add value by upgrading a portion of the graphite concentrate to a high-purity product through a process of leaching. Other value adding possibilities include the manufacturing of semi-finished products like sheet and exfoliated graphite, expandable graphite and the production of specialized graphite size fractions.”

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    Residents should participate in development: MutjavikuaResidents should participate in development: Mutjavikua Erongo Governor Cleophas Mutjavikua has encouraged the residents of Okombahe to be at the forefront of economic discussions in the region, especially involving fisheries and mining, because of their proximity to these sources.

    “Your proximity to the sea should make you benefit more from fisheries,” Mutjavikua said at the annual Damara Traditional and Cultural Festival at Okombahe on Saturday.

    He claimed that people from Okombahe are never present when important economic discussions take place.

    “I am giving you a hint: a high-level discussion is currently under way to get desalinated water from the coast to Botswana. If you are quiet this pipe might pass through the Kuiseb River and go far from you.”

    After praising the music of the Damara, Mutjavikua called on them to look at commercialising their traditional ornaments for the local and international markets.

    He said people are tendering for the tar road from Swakopmund to Kamanjab but he does not see people from the area trying to participate.

    “Try and fail and try again; young people should be in the front”.

    Deputy minister of land reform Bernardus Swartbooi also spoke about the tarred road going through the Daures Constituency as a vehicle for economic development for the impoverished communities.

    “This tar road is just a long black road that will not necessarily mean economic development; as an enabler yes, but the Damara community should make it work for them,” said Swartbooi.

    NAMPA

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    Copper festival grows in popularityCopper festival grows in popularity25 000 visitors The Tsumeb Copper Festival is growing in prominence as about 25 000 people visited this year. About 25 000 people visited the Copper Festival this year. It opened on 31 October and closed on Saturday at Tsumeb in the Oshikoto Region.

    The chairperson of the organising committee, Julius Gaeseb, told Nampa that the Tsumeb municipality hosted the festival for the 14th time this year but it was the first time that visitors were required to pay an entrance fee of N$5.

    Gaeseb said this was partly to keep visitor statistics. “The festival was generally a resounding success and we are happy that the people of Namibia have supported our festival,” he said.

    He said vendors were happy, as the festival created a conducive environment for them to do good business.

    “No crime was reported, every exhibitor is satisfied and everyone is happy with the revenue they have generated,” the chairperson said.

    He said the festival aims to expose the potential of the northern copper-mining town of Tsumeb in terms of tourism and commercial services, as well as to advocate unity for the people of the town.

    “It also brings together exhibitors from all corners of Namibia and beyond to interact and engage into business network,” Gaeseb said.

    A total of 190 exhibitors participated in the festival this year, including foreign traders from Angola, Kenya, South Africa and Zimbabwe.



    NAMPA

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  • 11/09/16--14:00: It's a new day
  • It's a new dayIt's a new day Conservative politics the new order Upsetting most predictions, Donald Trump has swept to victory in the United States, possibly ushering in a new and tumultuous period in American history. Donald Trump claimed his place on Wednesday as America''s 45th president, an astonishing victory for the celebrity businessman and political novice who capitalised on voters'' economic anxieties, took advantage of racial tensions and overcame a string of sexual assault allegations on his way to the White House.

    His triumph over Hillary Clinton will end eight years of Democratic dominance of the White House and threatens to undo major achievements of Obama.

    Trump has pledged to act quickly to repeal his landmark health care law, revoke America''s nuclear agreement with Iran and rewrite important trade deals with other countries, particularly Mexico and Canada.

    As he claimed victory, Trump urged Americans to “come together as one united people” after a deeply divisive campaign.

    He said he had spoken by phone with Clinton and they had exchanged congratulations on a hard-fought race. The Republican blasted through Democrats'' longstanding firewall, carrying Pennsylvania and Wisconsin, states that hadn''t voted for a GOP presidential candidate since the 1980s. He needed to win nearly all of the competitive battleground states, and he did just that, claiming Florida, Ohio, North Carolina and others.

    Global stock markets and US stock futures plunged, reflecting investor concern over what a Trump presidency might mean for the economy and trade.



    American fears

    A New York real estate developer who lives in a sparkling Manhattan high-rise, Trump forged a striking connection with white, working class Americans who feel left behind in a changing economy and diversifying country.

    He cast immigration, both from Latin America and the Middle East, as the root of the problems plaguing many Americans and tapped into fears of terrorism emanating at home and abroad.

    Trump will take office with Congress expected to be fully under Republican control. GOP Senate candidates fended off Democratic challengers in key states and appeared poised to keep the majority. Republicans also maintained their grip on the House.

    Senate control means Trump will have great leeway in appointing Supreme Court justices, which could mean a shift to the right that would last for decades.

    Trump upended years of political convention on his way to the White House, levelling harshly personal insults on his rivals, deeming Mexican immigrants rapists and murderers, and vowing to temporarily suspend Muslim immigration to the US.

    He never released his tax returns, breaking with decades of campaign tradition, and eschewed the kind of robust data and field efforts that helped Obama win two terms in the White House, relying instead on his large, free-wheeling rallies to energise supporters. His campaign was frequently in chaos, and he cycled through three campaign managers this year.

    Clinton spent months warning voters that Trump was unfit and unqualified to be president. But the former senator and secretary of state struggled to articulate a clear rationale for her own candidacy.

    Trump will inherit an anxious nation, deeply divided by economic and educational opportunities, race and culture.

    Exit polls underscored the fractures: Women nationwide supported Clinton by a double-digit margin, while men were significantly more likely to back Trump. More than half of white voters backed the Republican, while nearly nine in ten black people and two-thirds of Hispanic people voted for the Democrat.

    Doug Ratliff, a 67-year-old businessman from Richlands, Virginia, said Trump''s election was one of the happiest days of his life.

    “This county has had no hope,” said Ratliff, who owns strip malls in an area badly beaten by the collapse of the coal industry. “Things will change. I know he''s not going to be perfect. But he''s got a heart. And he gives people hope.”

    Trump has pledged to usher in a series of sweeping changes to US domestic and foreign policy and building a wall along the US-Mexico border, and suspending immigration from countries with terrorism ties.



    Praised Putin

    He''s also praised Russian President Vladimir Putin and spoken of building a better relationship with Moscow, worrying some in his own party who fear he''ll go easy on Putin''s provocations.

    The Republican Party''s tortured relationship with its nominee was evident right up to the end. Former President George W. Bush and wife Laura Bush declined to back Trump, instead selecting “none of the above” when they voted for president, according to spokesperson Freddy Ford.

    Democrats, as well as some Republicans, expected Trump''s unconventional candidacy would damage down-ballot races and even flip some reliably red states in the presidential race. But Trump held on to Republican territory, including in Georgia and Utah, where Clinton''s campaign confidently invested resources.

    Clinton asked voters to keep the White House in her party''s hands for a third straight term. She cast herself as heir to President Obama''s legacy and pledged to make good on his unfinished agenda, including passing immigration legislation, tightening restrictions on guns and tweaking his health care

    law.

    But she struggled throughout the race with persistent questions about her honesty and trustworthiness.

    NAMPA/AP

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