2017 Newspaper Cup launched, draw held

March 6, 2017, 2:00 pm

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2017 Newspaper Cup launched, draw heldOshana drawn in group with Omusati This year's Newspaper Cup will deliver another exciting weekend of youth football in Swakopmund, with defending champions Oshana not fearing any group-stage challengers. The 17th edition of The Namibian Newspaper Cup was launched yesterday and the draw was conducted for the annual youth football tournament.

The launch was done in Walvis Bay and defending champions Oshana were drawn in Group A with neighbouring Omusati, Zambezi and Hardap.

Host region Erongo was drawn in Group B together with Omaheke, Kunene and Kavango East, while Ohangwena, Otjozondjupa and

//Karas are in Group C.

Khomas, Kavango West and Oshikoto will battle it out in Group D.

Speaking to Namibian Sun after the draw, coach Alex Itumba of Oshana said the defending champions were going to the competition as an ordinary team.

“We obviously have the potential to defend the cup, but there are factors that will affect either our participation or preparation because as we speak we have not yet started with trials,” he said.

He said the Oshakati Stadium had been fully booked for athletics events. The rest of the region was flooded and they had no other place to host trials.

Despite these setbacks, Itumba is confident that his team has what it takes to defend the title.

“Although Omusati are the former defending champions, we managed to take the trophy from them, so I do not see them as a threat, neither are Hardap and Zambezi, the only fear I have is about the readiness of the team,” he said.

He added that nine players from last year's winning team were still eligible this year.

The youth football tournament will be played during the Easter weekend.

KAINO NGHITONGO

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Groot requests sponsorship transfer

March 6, 2017, 2:00 pm

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Groot requests sponsorship transfer Groot Systems has requested that its N$9 million sponsorship of the Namibia Premier League (NPL) be transferred to the First Division instead.

NPL interim committee member Ranga Haikali told Namibian Sun that they were informed by the previous committee that Groot Systems had made a request to transfer the sponsorship.

“We were informed that there was a request by Groot System to transfer the sponsorship to the First Division, and the reply was that such transfer would have to be approved because we do not have the right as we just administer the first division,” he said.

He said the committee was informed that no money had been transferred to the NPL under the sponsorship, “so as an interim committee we now have to get clarity on how that will be dealt with”.

Groot Systems was announced as an NPL bronze sponsor last year. It pledged a sponsorship of N$3 million per season over three years.

Explaining what a sponsorship transfer would mean, NPL chief administrator Tovey Hoebeb said because the First Division was administered by the premier league, it did not have its own sponsors and depended on funding from the NPL.

“The request was that Groot Systems transfer its sponsorship to the First Division, so it is not up to the interim committee to decide on what is to be done next, but I do not think it will be a problem because that would mean that the First Division will have its own sponsor and the premier league will have its own sponsor,” he said.

The previous board said in a statement last month that at the annual NPL congress last year the management committee was instructed to revise the league's N$24 million budget to N$18.8 million, and then to submit the revised budget to former sponsor MTC for reconsideration.

It was then mentioned that MTC had requested the NPL to present an annual budget of N$15 million, which was done. They are now waiting for MTC to reply.

Hoebeb explained how they arrived at N$18.8 million.

“The 16 clubs each pay N$54 500 affiliation fees which then amount to N$872 000. Then you add the N$3 million from Groot Systems and the N$15 million of the budget presented to MTC. That gives you N$18.8 million,” he said.

If the Groot Systems sponsorship is transferred to the First Division, the premier league's budget would fall short by N$3 million, he explained.

Asked what had prompted the company to request the transfer, Groot Systems founder Simon Kapenda declined to comment, referring Namibian Sun to the NPL.

“That you can only get from them. I have nothing to say; all the information is with them,” he said.

KAINO NGHITONGO

ICT Ministry to host golf tourney

March 6, 2017, 2:00 pm

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ICT Ministry to host golf tourney The Ministry of Information and Communication Technology yesterday launched the 2017 ICT Minister's Golf Day at its headquarters.

The event will take place on 27 and 28 April at the Rössing Golf course at Swakopmund.

It will be the second time that a tournament of such nature is held by the ministry.

Last year, the tournament saw 36 teams challenging each other at the Windhoek Country Club.

This year, Minister Tjekero Tweya expects a bigger and better competition.

“I invite all our stakeholders, corporate Namibia, to register for this competition,” he said.

“Last year, the event was a success and we expect a bigger and better golf day this time around.

“Those who missed the inaugural ICT Minister's Golf Day last year have no idea what they missed.

“It was a memorable day which brought together people from all walks of life.

“Male and female golf teams of the public and private sectors entered teams; and I am proud to mention once again that the team of MMI walked away with the championship, with the NWR women's team as runners-up,” Tweya said.

Interested teams are required to pay a registration fee of N$7 500 each. The registration process started yesterday and will continue until 14 April.

Teams that fail to register before that date will not be given a late registration chance.

“The ICT Minister's Golf Day is the premium sport-in-ICT brand held under the vanguard of the Ministry of Information and Communication Technology.

“The ICT Minister's Golf Day further creates a platform to expose ICT companies, and all consumers of ICT, how to survive in the age of acceleration and high speed, to keep current with the ever-increasing demands of this vibrant sector of ICT.

“The ICT Minister's Golf Day in essence strives to keep the industry connected and close to the bigger ICT dream of the minister of information and communication technology,” Tweya said.

JESSE JACKSON KAURAISA

Hangana takes over coastal marathon

March 6, 2017, 2:00 pm

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Hangana takes over coastal marathonLucky Star Marathon becomes Hangana Run & Ride A new sponsor has stepped in to rescue the coastal marathon and cycling event after Lucky Star last year announced its inability to continue because of financial constraints. The Ohlthaver & List (O&L) Group subsidiary Hangana Seafood is taking over the torch from Etosha Fishing's Lucky Star brand as main sponsor of the oldest coastal running event in Namibia, the Lucky Star Marathon & Cycle Tour.

The annual event is now officially known as the Hangana Hake Run & Ride and will take place in Walvis Bay on 7 October.

Race organiser Francois van der Merwe says the Hangana Hake Run & Ride will retain the same format, offering a marathon, half-marathon and 10km fun run for the runners; and for the cyclists a 105km road race, 21km mountain-bike race, a 21km fatbike race and a 5km kiddies' race.

In 2016 Etosha Fishing, Namibian home of the Lucky Star pilchard brand, announced that due to financial constraints it was no longer able to sponsor this landmark coastal event.

“Etosha Fishing is delighted that Hangana Seafood has stepped in to take over the sponsorship of arguably the biggest annual coastal sporting event.

“It would have been a very sad day for all running and cycling enthusiasts at the coast if this event had to die a silent death,” said Etosha Fishing MD Pieter Greeff.

The Lucky Star Marathon has been in existence since the 90s and has grown in popularity over the years, attracting participants from all over the world.

In 2015 the event increased its footprint to incorporate cycling categories, of which the 105km road race is a Namibian Cycling Federation-sanctioned event. The marathon will remain a qualifier for the Two Oceans and Comrades marathons in South Africa. It will also continue to form part of the annual Walvisfees, hosted on the same weekend in Walvis Bay, to ensure a fun-filled race day for the entire family.

Hangana Seafood managing director Herman Theron says as one of the leading employers in the Namibian hake fishing industry, and a member of the O&L Group that is inspired by their motto of 'Creating a Future, Enhancing Life', the company is excited to add the event that encourages healthy lifestyles to its corporate social responsibility portfolio, “as it enhances the lives of the community within which we operate.”

Theron encouraged the public to keep an eye out for a new website that would be launched soon, and brand communication that would promote the event to all corners of the country and further afield.

“We thank all previous supporters of this event and invite them and first-time participants to join us for the fun in the first ever Hangana Hake Run & Ride. We look forward to seeing you at the starting line,” he said.

SPORT REPORTER

SA down Fiji for Las Vegas Sevens crown

March 6, 2017, 2:00 pm

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SA down Fiji for Las Vegas Sevens crown South Africa strengthened their grip on the World Rugby Sevens Series, notching their fourth win of the season on Sunday with a 19-12 triumph over Fiji in Las Vegas.

With tries from Chris Dry, Cecil Afrika and Rosko Specman South Africa denied Fiji a third straight Las Vegas crown. Fiji, the Olympic champions, remain in search of a first victory of the season, although they moved into second place in the standings led by South Africa on 107 points.

Fiji leapfrogged England to stand second on 83 points, England dropping to third on 81 as the series heads to Vancouver next weekend.

This time around, South Africa powered to the title without Seabelo Senatla, crowned player of the final in both Wellington and Sydney before leaving the Blitzboks for Super Rugby duty.

Man-of-the-match honours on Sunday went to Specman, who said he owed a debt to his teammates - and offered a shout-out to Senatla.

“It feels fantastic to win, but the team is doing the hard work,” he said. “I think maybe it's lucky number 11. I am wearing the shirt from Seabelo, maybe it is giving me that little bit of extra speed!”

South Africa captain Philip Snyman said the victory at blustery Sam Boyd Stadium was the most difficult of the season against a Fiji side out to avenge defeats in Dubai and Wellington.

“Fiji wanted to get one back over us but credit to the boys,” he said. “Now we go to cooler conditions in Vancouver and hopefully we can continue with the form we are in.”

Both finalists had to fight back for semi-final wins.

Fiji were 14 points down in the first half against New Zealand, but roared back with 19 unanswered points for a 19-14 triumph.

South Africa were in an early 12-0 hole against the United States but rallied to beat the hosts 20-17.

The United States recovered from that disappointment to beat New Zealand 19-15 for third place, reaching the podium for the first time in their home tournament.

NAMPA/AFP

Omumatuki dhingi nale gwaNamabia, Frankie ta konaakonwa

March 6, 2017, 2:00 pm

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Omumatuki dhingi nale gwaNamabia, Frankie ta konaakonwa Frederick okwiikanyuna omalundilo ngaka Omakonaakono pakwatelo komeho lyaFrance ogeli metifa oku tala kutya omwaalu omunene gwoshimaliwa shoka shali shafutwa nelalakano lyokulanda omawi onga oombumbo, oku gandja ompito yo kunignila uudhano wOlympics miilando yimwe po.





Omumatuki dhingi nale gwaNamibia, Frank Fredericks oku li ta konaakonwa omafeekelo kutya okwa futwa oshimaliwa sha thika poomiliyona 4 komunambelewa gwEhangano lyOpaigwana lyAamatuki (International Association of Athletics Federations (IAAF).

Iikundaneki yopondje oya lopota etitano kutya, Fredericks okwa futwa oshimaliwa shooUS$ US$299 300 (tashi yelekwa niimaliwa yaandjetu oomiliyona 3.9) okuza komunangeshefa gwomaudhano Papa Massata Diack, omonamati gwoshilyo shoInternational Olympics Committee (IOC) nomupresidende gwoIAAF Lamine Diack, mo- 2009.

Omakonaakono ogeli metifa ngashiingeyi pakwatelo komeho lyaFrance, okutala ngele, omwaalu omunene ngoka gwa futwa oguna sha nokulanda omawi giilando mbyoka ya tothwamo okulongekidha uudhano wOlympics mwakwatelwa mboka wa dhangwa nale mo-2016 oshowo mboka kwa tegelwa wu kaningwe mo-2020.

Rio de Janeiro oye a kwatelele komeho uudhano mbuka omvula yaziko,2016 omanga Tokyo kwa tegelelwa omo mukadhanenwe uudhano mbuka momumvo 2020.

Oolopota odha holola kutya omalelo oga mono omwaalu omunene gwiimaliwa gwa tumwa okuza koBrazil naJapan kehangano tali kwatakanithwa naDiacks.

Diack gwomushona okuli iindikwa nokwa pewa eegelo lyonkalamwenyo omvula yaziko opo kaahakuthe ombinga momaudhano gokumatuka, omolwa ekutho mbinga lye muulingilingi welongitho lyiingangamwithi moRussia.

He naye okwa tulilwamo oondjindikila dhonkalamwenyo ayihe, mpoka naye wo eli ta konaakonenwa kutya otashi vulika a pewa oombumbo, opo a siikile iizemo yelongitho lyiingangamwithi mbyoka yali yaningwa moRussia.



Oshikundaneki shoThe Telegraph osha lopota kutya oshimaliwa shooUS$299 300 sha pewa Fredericks kuDiack okupitila mehangano lyaDiack, lyedhina Pamodzi Sports Consulting.

Oolopta odha holola kutya Iimaliwa mbika oya futwa mehangano lyedhina Yemi Limited, ndyoka lya totwa kuFredericks lyili koSeychelles.

Moonkundathana ndhoka a ningwa naye koshifokundaeki shaFrance shedhina Le Monde, Fredericks okwa popile iifuta mbika ta ti, kayina ekwatathano nomaudhano gOlympic.

“Iimaliwa yooUS$300 000 ya futwa Yemi Limited kehangano lyoPamodzi Sports Consulting oyi li iifuta oshitopolwa shoompango nomautho geuvathano-ziminino (okondalaka) pokati komahangano ngaka gaali, ngoka ga tulilwepo momasiku 11 Maalitsa 2007,” Fredericks a lombwele oLe Monde.

“Ondina ondungethaneko yo ku humithako uudhano wokumakuta. Komanda yaashoka otandi yambidhidha wo “Oprograma yOkulanditha Uudhano wOkumatunga moAfrika) oshowo oprograma yOpanenevi, mwakwatelwa wo mboka wOmanyakwa moAfrika.

Okwa tsikileko ta ti iifuta mbyoka oya futwa omolwa omayakulo ngoka ga pewa ehangano ndyoka pokati komvula yo-2007 no-2011.



“Pethimbo ndyoka kanda li oshilyo shelelo lyoIAAF ihe ondali owala omukalelipo gwoIAAF, onkene inandi ya ompango pondje.”

Mekwatathano naye noNamibian Sun mOsoondaha, Fredericks okwa ti okuli moshigongi.

Fredericks okwa kala omunashipundi gwokomisi ndjoka ya kwatele komeho etalululo yomaudhano go-2024, na okwa tegelelwa a ka talele po Los Angeles oshowo Paris.

IOC oya holola kutya oya kutha ko omalundilo ngoka taga ningilwa Fredericks nokomitiye yokomisi ndjoka otayi tala moshinima shika.

“Fredericks okwa ningi ekwatathano noIOC na okwa yelitha kutya ke na ondjo ya sha momalundilo ngoka,” omupopiliko gwoIOC Mark Adams a popi.

“IOC oku na einekelo kutya Fredericks otaka holola omaumbangi ge agehe opo uulike kutya ke na ondjo moshinima shika.”

Fredericks omumatuki dhingi nale a simanekwa moNamibia, na oye owala omutondoki moshilongo e shi pondola okusindana ombandi momaudhano ngaka. Okwa sindana oombandi shoshisiliveli mo-1992 nomo- 1996.

ONZO-NKUNDANA YOMENI

Omvula ya yonagula omaliko moKatutura

March 6, 2017, 2:00 pm

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Omvula ya yonagula omaliko moKatutura Nonando ongaaka oyendji otaya pula natango Shiyenga shaNangombe yi tsikile nokutilahi omeya Aakalimo oyendji mOvenduka oya pandula omuloka ngoka gwa dhenge oshilandopangelo omasiku ngaka, kakele ogwa thigile aanegumbo yamwe ofogo, meyonagulo lyomaliko.

Boame Melesano, omunegumbo nomusili shimpwiyu shaantu omulongo mOkuryangava moshikandjohogololo shaTobias Hainyeko moKatutura okwa popi kutya iipundi ye yomasofa oshowo ombete yaanona ye oya yonagulwa komeya ngoka geya sigo omegumbo.

Melesano okwa ti, shika osho oshikando shotango egumbo lye tali ya komeya, na kaye na shoka ye na okuninga ngaashingeyi ihe oyena owala okutegelela omvula yisheke yo ya vule okukukutika iinima yawo.

Melesano ngoka e li omuhingi gwotaxi okwa popi kutya okwa longitha oshimaliwa shooN$300 okulanda evi lyokututila pegumbo lye likale megameno.

Nonando omvula ya yonagula omaliko gawo, Melesano pamwe negumbo lye oya popi kutya oya hala omvula yi tsikile molwaashoka moshilando omwa kala ompumbwe yomeya, nonando yena uupyakadhi womaliko gawo ngoka ga yonagulwa komeya gomvula.

Aanegumbo yamwe wo mboka yathigwa pomutenya komvula oye omunamimvo 52, Festus Matheus, ngoka egumbo lye talama omeya aluhe ngele ta kulokwa.

“Egumbo lyandje olya kulupa, ngame ihandi longo. uuna taku lokwa ngame nomukulukadhi gwandje ohatu talako owala katu na nkene,” Matheus ta ti.

Matheus okwa popi kutya hasho oshikando shotango egumbo lye tali udha omeya uuna taku lokwa. “Aluhe egumbo lyandje ohali udha omeya uuna taku lokwa, otu li popepi nomulamba.”

Okwa tsikile kutya ngele ope na ompito ta vulu okutembukila pehala ewanawa, andola oteshi ningi opo a hupithe omaliko ge.

Ngaashi Melesano, Matheus naye okwa popi kutya omvula oya pumbiwa na oyi li eyambeko nonando tayi yonagula iinima.

MICHAEL KAYUNDE

Iiponga yiihauto yafaalele oomwenyo dha 5

March 6, 2017, 2:00 pm

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Iiponga yiihauto yafaalele oomwenyo dha 5 Aantu yaali oya hulithile moshiponga shohauto shoka sha ningilwa poBrakwater muumbangalantu waVenduka mOlyomakaya, sho ohauto moka ya li ya gu nokugalangata.

Otaku hokololwa kutya omuhingi gwokatuukala ko kaToyota Run-X okwa nyengwa okupangela oshiyenditho konima sho okugulu kwoshiyenditho kwatopa. Moshiponga shika omwa sile omunamimvo 23 Sofia Mwaandingi oshowo omunamimvo 25 Iipimbu Rehto. Omuhingi oshowo omufaalelwa gumwe oya hupu moshiponga.

Aayendi yokolupadhi yaali oya hulitha mondjila yaTrans-Kalahari naTrans-Caprivi oshiwike sha ziko. Omaso agehe go paali otaga kwatakanithwa nelongitho-nayi lyiikolitha, pahapu dhOmupopiliko gwOpolisi, Kauna Shikwambi.

Moshitopolwa shaZambezi, Dingomba Mbasikora (65) okwa hulitha sho a lyatwa keloli. Otaku fekelwa kutya nakusa okwa li ta ende mondjila pethimbo oshiponga sha ningwa. Okandini koolita mbali kiikolitha oka adhika pooha nolutu lwe. Omuhingi nguka okwa fadhukapo oshiponga.

MoWitvlei, Otto Skrywer (44) naye wo okwa si sho a lyatwa koshiyenditho nomuhingi okwa li ayi ontuku. Popepi nolutu lwaSkrywer napo opwaadhika okandini kuudha odhungo yopamuthigululwakalo. Sigo opo mpaka kapena ngoka a tulwa miipandeko nomiipotha ayihe mbika iyali.

Moshitopolwa shaErongo, okamati koomvula 16 kaakena omukanda gokuhinga okagalangatithapo osheenditho sha he mondjila yopokati kaBraunfels naKhorixas.

Omufaalelwa omunamimvo 19, gwedhina Armando !Aubeb okwa hulithile poshiponga ethimbo ndyoka, omanga omunamimvo 18 a zimo eehamekwa kashona. Omuhingi okwa hupu moshiponga ina ehamekwa, kakele ina tulwa natango miipandeko shi nasha noshiningwanima shika.

ONZO-NKUNDANA YOMENI

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UK’s Foresight Solar plans listing

March 6, 2017, 2:00 pm

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UK’s Foresight Solar plans listingJSE attracts more green listings The firm will accompany its secondary listing on the JSE with the issuing of at least £50 million of shares in the UK. BUSINESS DAY



A United Kingdom-based renewable energy investor, the Foresight Solar Fund, is showing a vote of confidence in South Africa’s economy and renewable energy sector by taking a secondary listing on the Johannesburg Stock Exchange on April 3.

Selling completed projects with offtake agreements to an investment fund allows developers to realise capital for new projects and long-term conservative investors to make a steady, predictable return.

Last year Hulisani, which has an interest in Kouga Wind Farm, became the JSE’s first listed green energy fund. Since its income is derived from UK power plants, the Foresight Solar Fund will also offer a rand hedge.

The fund is managed and advised by Foresight Group, which launched its first fund in 2008 and now holds assets in Australia, the UK, Italy and the US. Foresight Group’s head of UK solar, Ricardo Piñeiro, said on Friday the fund could invest up to 25% of its gross asset value outside the UK.

Foresight believes SA’s renewable energy programme offers interesting opportunities, although it has no immediate investment targets.

The firm will accompany its secondary listing on the JSE with the issue of at least £50 million of shares in the UK and SA to selected investors making a minimum N$1 million investment. Once the shares are listed, there will be no restrictions. The new funds will be used to pay down debt Foresight Solar incurred on two recent transactions.

The fund, which was launched in 2013, owns 18 solar power assets in the UK with generating capacity of 470 megawatts. Its market capitalisation of about N$5.9 billion represents a slight premium to its net asset value of N$5.78 billion.

The aggregate dividend paid last year was 6.17 pennies, giving it a yield of about 5.7% on its share price, and it is targeting a distribution of 6.32 pennies a share this year. Dividends are paid quarterly and increase in line with UK inflation.

Although the UK is notoriously cloudy and damp (and its solar irradiation is about one-third of the Western Cape’s), Piñeiro said there were several reasons to justify a UK solar energy fund. It provides a relatively predictable, low-risk revenue stream.

The plants in which it is invested generate energy from irradiation, not direct sunlight, and although they generate 75% of their energy between April and September each year, long-term data show the annual irradiation level in the regions where these plants are operating has not varied by more than 4% from the average.

Solar energy plants in the UK are not economically viable on their own, but because the UK government’s policy is to diversify its energy sources, it provides 20-year subsidies for solar plants, which rise in line with inflation each year.

Okakarara council takes over trade fair

March 6, 2017, 2:00 pm

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Okakarara council takes over trade fair NAMPA

The Okakarara Trade Fair Society (OTFS) has transferred the Okakarara Annual Trade Fair to the Okakarara town council with immediate effect.

Speaking at the launch of the 11th edition of the fair on Friday, OTFS executive chairperson Elia Kandjii said the deal was done.

“We have made arrangements that the chief executive officer, his staff and some town councillors serve on the board of directors and afford them an opportunity to acquire experience.”

Okakarara town council CEO Ehrnst Katjiku said the council was looking forward to running the show.

He said the council would assume full responsibility for next year’s fair and until then would work with the OTFS to gain experience.

The transformation is said to be a strategic move to ensure the project’s financial viability for years to come.

Kandjii said this year’s event would be bigger and better, as it aimed to create a professional business network for trade as well as function as a promotional platform for small businesses and farmers.

“It continues to create a platform for business networking and opportunities for small and medium enterprises to grow, while young and emerging farmers capitalise on the event.”

The 11th Okakarara Trade Fair is scheduled for 5 to 10 September.

A fundraising dinner is scheduled for 3 August at the Chief Riruako VIP Hall, with tickets available from 30 June.

Bank Windhoek launches EasyWallet

March 6, 2017, 2:00 pm

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Bank Windhoek launches EasyWalletJoins electronic money fraternity Customers of Bank Windhoek can now send money via cellular phone. STAFF REPORTER



Bank Windhoek has announced its latest digital channel offering - the Bank Windhoek EasyWallet, joining the e-money fraternity in Namibia with its own e-wallet solution to send and receive money via mobile phones.

“We are extremely excited to launch Bank Windhoek’s very own e-money service that enables our customers to send money to any MTC number with our EasyWallet offering,” said Baronice Hans, Bank Windhoek’s managing director.

When money is sent via EasyWallet, the recipient does not need to have a Bank Windhoek account and can immediately withdraw cash at any Bank Windhoek ATM. Also, EasyWallet holders can use the money to buy prepaid services such as cellular airtime or electricity.

An EasyWallet is automatically created for the mobile phone user who receives the money, irrespective of whether the recipient is a Bank Windhoek customer.

EasyWallet holders can secure their money by setting a unique PIN. Funds remain available for as long as the user keeps his or her EasyWallet active by continuing to transact on it.

Over the course of the next three to four months all Bank Windhoek’s CashExpress machines across Namibia will be configured to also allow EasyWallet holders to cash out. This will increase the points of presence for cashing out EasyWallets to almost 400 locations countrywide.

“This is but the first step in our EasyWallet product journey”, Hans commented. “A next release with enhanced features is already being planned.”

Hans hinted about another new digital payment solution from Bank Windhoek when she said: “The Bank Windhoek EasyWallet is the first of many offerings of our digital strategy with yet another innovation planned later this year, which will be the first of its kind for Namibia.”

DTA’s Smit rips into SME Bank debacle

March 6, 2017, 2:00 pm

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DTA’s Smit rips into SME Bank debacle OGONE TLHAGE

DTA secretary for finance Nico Smit says the suspension of the SME Bank’s board, CEO and two other managers because of dubious investments brought back memories of the lost Offshore Development Company millions.

“Inasmuch as the Bank of Namibia must be commended for taking decisive action and firing the offending executives and disbanding the board of directors, there must also be an honest recognition that the situation at the SME Bank has been allowed to spiral out of control whilst government, as the primary shareholder, stood idly by and continued to pump the taxpayer’s money into a failing enterprise,” said Smit.

“The use of the phrase ‘unsound investments’, as used in media reports to refer to dubious investments of close to N$200 million made by the SME Bank, conjures up unpleasant memories of the Offshore Development Corporation (ODC) and Social Security Commission (SSC) scandals where millions of taxpayer dollars were misappropriated.”

Not expecting much to happen, Smit expects the incident to be swept under the rug.

“It is anticipated that, as usual, there will be a lot of hot air thrown about and strongly worded statements declaring that ‘investigations will be launched’ and ‘investigation committees will be appointed’, however, what is truly important is that the findings of such investigations should result in tangible action and that the appropriate people are held directly accountable for their actions.

“It is not enough to merely suspend or remove someone from a position, but accountability needs to go further and result in either the return of the money that was dubiously invested, criminal charges of fraud being brought against the culprits, or both if need be.

“Failing this, given the involvement of politically connected individuals such as the current secretary to cabinet and the former secretary to cabinet and now the minister of presidential affairs, will only serve to further entrench the widely held belief that the well-connected are not held to the same standards of ethics and accountability as ordinary Namibians,” he said.

The Bank of Namibia last week placed the SME Bank under curatorship and temporarily axed its chief executive officer, manager for finance, manager for treasury and the board of directors.

It revealed that the commercial bank, majority owned by the Namibian government, had made “questionable” investments in South African financial instruments to the tune of almost N$200 million.

Bank of Namibia governor Ipumbu Shiimi said: “The Bank of Namibia’s considered view is that such investments have the potential to cause instability if they are verified to be unsound.

“The Bank of Namibia has assumed control of the operations of the SME Bank to allow for an objective and thorough assessment of the investment portfolio of the SME Bank to make a full determination of the soundness of these investments.”

Streamline government, says Klaus Schade

March 6, 2017, 2:00 pm

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Streamline government, says Klaus Schade Ahead of the tabling of the national budget on Wednesday, the director of the Economic Association of Namibia, Klaus Schade, has suggested that government streamline the activities of four of its ministries into one.

Asked about his expectations of the budget, he said: “We could think outside the box in order to address the current fiscal situation: streamline government structures and merge ministries.

“For instance, social grants and social welfare services are shared between four ministries. They could be consolidated within one ministry.

“Government could move towards a cost-recovery medical aid scheme that is based on a percentage contribution by each public servant rather than a fixed-amount contribution. A percentage contribution to PSEMAS would benefit the lower-income groups since it would include a redistributive element.

“Review and reduce the large range of allowances and rather pay decent salaries.”

In light of the consolidation path finance minister Calle Schlettwein is continuing on, Schade said: “I expect a continuation of fiscal consolidation with cuts to non-priority expenditure. Despite the fiscal consolidation, government is expected to increase the old-age grant by another N$100 per month and could consider increasing the foster-care grant, vulnerable children grant, etc, as well. More funds might be allocated to address infrastructure bottlenecks such as water supply.

“We might see a recovery of Southern African Customs Union transfers that would boost the revenue side. Government will certainly continue with efforts to collect outstanding taxes.

“Except for the usual increases in excise duties (duties on tobacco, tobacco products and alcohol) in line with SACU decisions, I do not expect increases or reductions in tax rates.”

SACU executive secretary Pauline Elago said during a recent call on President Hage Geingob at State House that Namibia's share of the customs union's receipts would be more satisfactory than the previous year.

Namibia's share of the SACU pool was reduced by almost N$3 billion in the 2016/17 financial year - markedly less than it had received before.

The latest National Accounts show that Namibia received just over N$17 billion in SACU transfers in 2015. Namibia receives as much as one-third of its revenue from the SACU pool.

On general developments in the economy, Schade believes the tourism sector will perform well while the agriculture sector is showing recovery.

His outlook for the construction sector is not rosy, though.

“The agricultural sector, both livestock and crop farming, is expected to perform better than the past two years because of improved rainfall. The mining sector is expected to increase production, in particular zinc and diamond mining. Despite a recovery in uranium prices, it is not clear whether the Husab mine will substantially raise production or produce on a small scale waiting for further improvements in the uranium price. The tourism sector is expected to continue its strong performance, in part because of new airlines including Windhoek in their schedule,” Schade said.

“Because of the completion of major construction projects namely B2Gold, Swakop Uranium and Weatherly's Tschudi copper mines, as well as Dundee Precious Metal's sulphuric acid plant in Tsumeb and government's freeze on capital projects, the construction sector will contract.

“Given retrenchments in the construction sector, combined with a high debt burden of private households and a high inflation rate as well as a drop in demand from Angolan customers, it is expected that the wholesale and retail trade sector will feel the pinch,” he warned.

OGONE TLHAGE

Female pilots wanted at Air Namibia

March 6, 2017, 2:00 pm

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Female pilots wanted at Air NamibiaCadet training programme to launch this year The national airline currently has 14 female pilots in its employ, which acting MD Mandi Samson feels is not enough. Air Namibia is on a drive to prioritise the training of female pilots, acting managing director Mandi Samson said recently.

The airline welcomed its first female pilot in 1997 and currently has 14 women among the 83 pilots it employs.

Said Samson: “It is fitting that the theme for International Women's Day (IWD) 2017 is 'Be Bold for Change'. The battle for a more gender-inclusive world is the responsibility of every industry. IWD recognises, as do we, that the potential women offer to economies across the world must be nurtured and developed.

“Air Namibia is keen to encourage more women to enter the aviation industry. The potential growth rewards for both their personal careers and the national forecast are impressive, with aviation being an integral part of Namibia's future economic development.

“Currently, the aviation industry is perceived as predominantly a male domain. This deters women from pursuing careers in a sector which would benefit from equal representation.”

According to Samson, there are several reasons why women are still underrepresented in Namibia's aviation industry.

The perception that the sector is dominated by men is one important psychological reason for the relatively small number of women pursuing aviation as a career, but there are others.

“For instance, there is an economic barrier to training for many women. Pilot training is an expensive endeavour and, for the purposes of career progression, it requires attendance at a reputable flight school.

“These economic constraints have contributed to discouraging women to pursue a career path in aviation in the past. In addition, the career trajectory naturally takes time, with a significant number of years passing between the entry level and flying our largest plane at command level,” she explained.

“Air Namibia has created an explicit career path for all pilots within our airline. They are first employed as first officers and then developed into captains.

“We are committed to mandatory training at all stages of a career, ensuring that pilots exceed their expected performance and consistently adhere to aviation regulations and requirements.

“The first female pilot was employed by Air Namibia 20 years ago, in February 1997. Currently, 17% of our 83 pilots at Air Namibia are female. We recognise that this figure is too low and are taking steps to increase representation across the airline,” said Samson.

“It is increasingly clear that girls in high school are unaware of the entry point for aviation studies and this information needs to be conveyed at career days in schools and communities.

“We recognise that catching potential pilots young and explaining their career trajectories and which subjects they need to study is the best way of developing young women for a future in the aviation industry.”

STAFF REPORTER

Budding chartered accountants

March 6, 2017, 2:00 pm

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Budding chartered accountantsThe road to becoming a chartered accountant Three friends Sofia Hambunda, Erica Biwa and Shambekela Matheus are at the finish line of becoming fully-fledged chartered accountants. The Zone caught up with the ladies about their journeys so far. A lot of people out there want to become chartered accountants but do not have the will to follow this dream.

For Sofia Hambunda she was motivated by sponsors who used to visit her high school to give career guidance. “They would come and tell us about the opportunities available to us to become a chartered accountant (CA),” said Hambunda. She maintains that she was always good at accounting in school and accounting just seemed like the most logical field of study for her to pursue. After completing her Grade 12 at Delta High School she went to the University of Cape Town where she studied B.Com Accounting. After attaining her degree she completed another year for her Honours. Hambunda started working at PricewaterhouseCoopers (PwC) in 2015.

For Erica Biwa who hails from Valgras in the south, from a young age she initially wanted to study law and the reason why she wanted to study it was because she has a passion for business. “However, I happened to apply for a bursary from PwC and was granted one to study and that’s when I decided to study accounting,” said Biwa.

Biwa went to the University of Pretoria and just like Hambunda she also started working at PwC in 2015. “But I have always been a part of PwC because I had a bursary ever since I was in Grade 12,” said Biwa.

For Shambekela Matheus, growing up she always loved mathematics and solving problems. “One of my teachers advised me to do accounting and when I went to varsity, I told myself to not just end at a degree and felt like being a chartered accountant was the next route for me,” said Shambekela. She went to Concordia High School and did her degree in accounting at the University of Namibia (Unam) and went on to do her Master’s at the University of Johannesburg (UJ).

To become a chartered accountant one needs to possess a three-year degree in accounting, an honours degree and complete three years of articles, which Hambunda, Biwa and Shambekela are currently busy with. Hambunda, Biwa and Shambekela passed their APC examinations which are the final professional examinations for qualifying chartered accountants.

In your three years of articles, you will write your first board examinations in your first year and in your second year you write your second board exams. “Articles are basically the practical part of it. When you study you gain the knowledge and when you go out there you apply the knowledge that you have learned,” Biwa said.

In addition to the academic requirements of becoming a chartered accountant, Biwa maintains that one needs perseverance.

Over the two years she has been with PwC Hambunda maintains that she has learned a lot and hopes to use the knowledge gained to start her own business and be self-employed. “Five years from now I hope to be self-employed. I do not really want to have an office job, however if I have to have an office job I would not mind being in the financial operations of the company,” revealed Hambunda.

For Shambekela she reveals that her honours degree was hard for her, coming from a background where she aced everything and when she pursued her honours degree she did not perform well in her first test. “That was the hardest thing ever and since then I was motivated to complete what I started,” said Shambekela. Five years from now Shambekela sees herself self-employed. “I picture myself having a company that has to do with financial services. I am not sure what exactly it will be but it will be in forensics, taxes or insurance,” revealed Shambekela.

Over the two years she has been with PwC Hambunda says she has learned a lot and her highlight thus far has to be going to different lodges and meeting new people. “I really love travelling,” Hambunda said.

For Biwa working for PwC has been great. “It is where I need to be, the exposure that I get and the vast amount of clients is amazing,” said Biwa. She maintains that it has not only improved her in terms of her technical abilities but has improved skills within her, like dealing with people and how to explain to people complex topics and terms. “Working for PwC has pushed me. Dealing with managers, colleagues and dealing with people, for me it has been my greatest asset I have got,” said Biwa.

Hambunda advises those that would like to become chartered accountants one to day not to ever doubt themselves or feel that they cannot amount to anything. “I am the second chartered accountant in my family and I come from a family where not everyone got a chance to go to varsity. So it is a privilege to be where I am today,” Hambunda said proudly. Hambunda who is from Oranjemund but grew up in Windhoek, admitted that the journey is long and one needs to be patient to reach the final destination. Hambunda added that she was very fortunate that her father was very hard-working and was able to send her to school. “My parents really encouraged us to study hard at school and we value that a lot. It motivated me to work hard,” said Hambunda.

Hambunda she maintains that she does not have a particular mentor in her field as there is a plethora of accountants she looks up to for different expertise. “I do not have a particular mentor and what really motivates me is the title itself,” said Hambunda.

For Biwa her underlying motivation is her passion for business and being aware that there is a need for chartered accountants in Namibia. “My other motivation is I know the need out there… the need for qualified chartered accountants is immense in Namibia,” said Biwa.

Biwa advises those who wish to pursue a career in accounting to have the zeal not to give up and work hard. “If you pursue what you want in life, you will achieve it, if you do not then you have not worked hard enough,” said Biwa.

Biwa and Shambekela share the same mentor in their field, their boss Samuel Ndahangwapo. They both maintain that they have learned much from him. “He is easy to work with and I look up to him for so many things,” said Shambekela.

Shambekela admits that it is hard to become an accountant just like any other profession. “Honestly it is hard but if you want to become one your passion will keep you going,” said Shambekela.

Shambekela who hails from Onayena stresses that anything is possible it just needs hard work and dedication. “You can achieve all your dreams if you commit yourself to finish what you started,” said Shambekela.

MICHAEL KAYUNDE

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Not holding back

March 6, 2017, 2:00 pm

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Not holding backZach Kaurasia believes in grabbing all the opportunities life brings A young dancer and video director shares what he loves to do and what life means for him. Born 20 years ago in Swakopmund, Zach Kauraisa is the definition of what happens when people follow their dreams no matter what life throws at them.

The young dancer and video director is becoming a regular go-to-guy for many artists who want video shoots done.

“I spent most of my life in Windhoek, I love it because it's the busiest place in Namibia. I love the life it has, from the loud traffic to the gifted people constantly blooming and emerging from the cracks to be successes in whatever field or industry they love,” said Zach of the journey where he is in life today.

The third-year law student at the Namibia University (Unam) started dancing at the age of 11 and has not slowed down since. “I have been dancing since I was a child however, the first time I was on stage was in 2011, when Wesley Amahdila took me under his wing and brought me onto the stage with him. This hobby I continued with my current dance partner Shanwell Brinkmann as Mainframe,” shared Kauraisa. Although he is well known for his dance moves, Kauraisa has been steadily gaining fame for his directing skills. “Shooting videos began in 2015 when my partner and I wanted to upload quality dance videos to showcase our art, but could not afford to hire someone. We took it upon ourselves to shoot our own videos and expanded into shooting videos for other people,” says Kauraisa.

Kauraisa says it may seem that video directing and dancing are two completely different fields of entertainment but the two are intertwined and complement each other. “Well, in the context of making a dance video the music tells you everything you need to know. The music guides the feel of the video, which helps one choose locations and a style of editing, whilst dancing is the physical manifestation of that music and your body simply moves in the direction the music is taking you,” shared Kauraisa. “In terms of dancing I have worked with Ruan Eudy de Waldt and Beat Revolution Dance Crew and I've shot videos for Cool Under Pressure (C.U.P.), Cj Dumeni and Nikhita Winkler,” shared Kauraisa.

He has partnered with other dancers and helped shoot videos for other artists as well.

Kauraisa recently took more interest in his video-directing skills and says it is slowly becoming his favourite activity. “I love video directing more, dancing is in my nature and flows through me, it is days of preparation for a few phenomenal minutes on stage,” said Kauraisa. Kauraisa explains that compared to dancing, video directing is a more creative process. “Video directing has a lot more creation involved, it is a powerful feeling to close your eyes and imagine something and then be able to create that from nothing,” shared Kauraisa.

He decided to do as much as possible whenever he could, because of the “near-death” experiences he has had. “Over the past few years I have been in the hospital quite a few times and having multiple near-death experiences changes your view on life. On my last trip to the hospital I asked myself 'if I were to die today, what legacy or memory have I left behind? And have I fully experienced life?,” said Kaurasia. He says that he used the fear that he would soon run out of time to fuel his passion for achieving all he ever wanted in life. “I realised time is our most valuable asset and we waste so much of it by not learning more and experiencing every aspect of life.”

The dancer says he is inspired by driven people and always aims to be successful. “I am inspired by other people's success, and I constantly think 'we are human beings. If they can do it, so can I'. So watching other people succeed makes me work harder and constantly improve myself,” says Kauraisa.

The law student says he tries to make sure there is time for his studies and other activities. “When you cut out certain activities you realise you have more than enough time to work, to study and to get a full night's rest. Many of us think a work-school balance is difficult or we don't have time, but we don't realise we spend hours on social media, at the club or watching TV, hours that could have been spent on something else,” he said.

He advises all other aspiring dancers or directors not to wait for things to happen for them, but instead to go out and make things possible for themselves. “My only advice to anyone is that they should not wait. We often want to wait until we leave high school or university, or we want to wait for the perfect time which only delays growth.” He says the secret to success is consistency and that at all times the youth should be consistent with what they do. “Constantly improve, you don't have to be the best in the field however, as long as you keep improving, keep acquiring knowledge, you will be fine, because it is the moment you stay the same that you start moving backwards,” says Kauraisa.

He says although the dancing and videography industries have been drastically improved by a few people they are not where they should be. “I do not believe the two industries are where they are supposed to be. However, I do realise there are people and organisations who are building towards the improvement of those industries and the opportunities within them,” he said.

The dancer is also a businessman and co-owns a headwear brand that he hopes will be a Namibian favourite. “I co-own a limited edition headwear brand called Gionero Lordeaux which only makes 20 of each cap. It is something I have the utmost faith in and we plan on bringing something that is fundamentally different all the way through to the industry,” says Kauraisa.

He is pumped up for what life is willing to throw at him and is ready to take life by the horns. “Whatever I can do I will do, I have always been up for whatever challenge comes my way, from working creatively in dance and video, to debating, to being a fitness instructor, to working in promotions. This year whatever opportunity to experience life comes my way, I will take it,” says Kauraisa.

Shona Ngava

Focus on your resolutions

March 6, 2017, 2:00 pm

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Focus on your resolutions We welcomed March with open arms a few days ago and we are looking forward to what it may bring. Knowing that we are already three months into 2017 is a strange feeling as I still feel like I celebrated New Year's a few days ago. Time goes by fast, they say; but I never thought it would be this fast.

Last year was a year filled with a lot challenges, bumps and hurdles but we managed to make it through and see another year. Usually, after celebrating a new year, most of us start planning for the year ahead and we set targets for ourselves. 'New Year's Resolutions' we call them. Sometimes these targets aren't only about achieving certain accomplishments, but they also include changing a certain trait, behaviour or habit about ourselves for example, less junk food consuming and more exercising, or spending more time thinking about positive things and draining out the negativity.

As easy as it may sound, I usually experience difficulty standing by my word and making sure I stick to my resolutions. The first few weeks in January are the easiest as you are motivated, but as the days go by, the momentum dies down. It gets harder to do what you promised to do in the beginning of the year as you are confronted with the sad truth that it will not be easy to live up to your promises.

Sometimes, the reason why we do not stick to your resolutions is because we are easily discouraged and we give up too easily. Yes, old habits die hard; but once something forms part of your routine, life becomes a breeze. One might say that enforcing this 'new you' is not a good thing as it should come naturally, but sometimes being stern with yourself is necessary.

It takes a lot of self-discipline and commitment from your side to reach your end goal so much that it includes making sacrifices and letting go of the old habits. If you are struggling, you could always involve friends and family. If your resolution was to quit smoking this year, those around you could make sure you are not tempted and try giving you other methods to relieve your stress, like going for a walk together, for example. Having a strong support system makes it easy to cope with your new chosen lifestyle as you would not want to let anyone down if you have someone rooting for you.

Looking at the bigger picture, one should not be entirely afraid of disappointing other people, but in fact worry about disappointing themselves, because the reason why you decided to set these goals for yourself is because you wanted to make a positive change in your life so it is your responsibility to make sure you do not give up on yourself.

Although it is important to always think big, one should also keep in mind… these goals you set for yourself should be realistic. There is nothing wrong with starting small. It makes everything more achievable and it will be easier for you to stay on track. You should try to enforce changing only one trait at a time. As I mentioned earlier, it will not be easy getting rid of all them so starting small makes it easier, and eventually you can replace all your bad habits with a new healthy attitude.

Sometimes, this whole process can be quite overwhelming, especially if your resolutions require a lot of focus and determination. If it gets too much to handle, do not be afraid to seek professional help. These people are trained to listen and maybe all you needed was a shoulder to cry on. They can offer methods as to how to adjust your goals so that they are attainable, as well as help you change unhealthy behaviours and address emotional issues driving them.

This is why I said getting your close ones involved makes it easier for you to stay focused as they can also be part of this long and somewhat difficult journey. Share your experience with them as often as possible and maybe they will be going through the exact same thing. Do not beat yourself up if you fail. Perfection is unattainable and you need all the support you can get.



Tuno Mungoba



tuno@namibiansun.com

Trump to sign new travel ban

March 6, 2017, 2:00 pm

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Trump to sign new travel ban US President Donald Trump is preparing to sign a revised executive order temporarily barring the entry of people from certain Muslim-majority countries and halting the nation's refugee programme.

A White House official says plans to roll out the order are on track for Monday. The official insisted on anonymity in order to discuss the order ahead of the official announcement.

The new order has been in the works since shortly after a federal court blocked Trump's initial effort, but the administration has repeatedly pushed back the signing.

Trump administration officials have said the new order aims to overcome the legal challenges to the first. Its goal will be the same: keep would-be terrorists out of the United States while the government reviews the vetting system for refugees and visa applicants from certain parts of the world.

Trump's original orders temporarily blocked citizens of Iran, Iraq, Somalia, Sudan, Yemen, Syria and Libya from coming to the United States and put on hold the US refugee programme.

The revised order is expected to remove Iraq from the list of countries whose citizens face a temporary US travel ban, following pressure from the Pentagon and State Department, which had urged the White House to reconsider, given Iraq's key role in fighting the Islamic State group.

The new order is also expected to make other changes, including no longer singling out Syrian refugees for an indefinite ban and making clear that all existing visas will be honoured.

Trump signed his original executive order in late January, sparking confusion and anger as travellers were detained at US airports and barred from boarding flights at foreign airports.

The signing is expected to spark a new round of lawsuits and outrage.

NAMPA/AP

Zim buckles under floods

March 6, 2017, 2:00 pm

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Zim buckles under floodsAirlifts taking place as people are stranded Flooding in Zimbabwe has been severe with thousands left homeless and many displaced. From kitchen items to livestock and even her house, Assa Mkwananzi says she has "lost it all" to floods that have hit southern Zimbabwe.

"We lost all our blankets, pots and cooking utensils, our goats and chickens as well because of the heavy rains," Mkwananzi told The Associated Press in the southern district of Tsholotsho, about 200km north of Bulawayo.

Since December, floods have killed 246 people, injured 128 and left nearly 2 000 homeless, Saviour Kasukuwere, Zimbabwe's minister of local government, said last week. Those who have survived the floods say they have lost their possessions.

"The only thing we managed to save is that suitcase with a few clothes," said Joice Ncube, another villager.

Like Mkwananzi, she is now housed at a camp where survivors are crammed in tents and plastic shelters and survive on charity.

"We have between 850 to 900 people here. They were airlifted by helicopters after being marooned," said, Sibongile Nyoni, an official with the Ministry of Women Affairs, Gender and Community Development stationed at the camp.

Heavy rains

For weeks heavy rains have been pouring in Zimbabwe, especially southern parts of the country, ending a years' long drought.

This southern African country last week appealed to international donors for $100m to help those affected by the floods, which have washed away bridges and roads and cut off some communities. President Robert Mugabe declared the floods to be a national disaster.

Just last year, a regional drought largely induced by the El Nino weather phenomenon killed livestock and forced people to forage for food in forests and seek drinking water from parched river beds in many parts of Zimbabwe.

Desperate for rainfall, some people revived a long-abandoned tradition, dating to pre-colonial times, of rain-making ceremonies. In parts of Zimbabwe, traditional leaders and spirit mediums, with the support of the government, led ceremonies atop mountains and other sacred places to appeal to ancestral spirits for rain. Others who no longer believe in traditional customs held Christian prayers.

The drought has ended and now people are suffering from the downpour. Some people in the rural areas of Matabeleland North province are unable to reach the safety of clinics and schools. Dams have overflowed, raising concerns about communities living downstream.

Dire situation

Five bridges on major highways have been swept away nationwide, Transport Minister Joram Gumbo said.

In Tsholotsho, homes, mainly grass-thatched huts, have crumbled. Debious Sibanda, 20, is one of the few villagers who still returns to his family's home in Mbanyana village "to check out if everything is still OK".

Women balancing bags on their heads trudge through the mud carrying food for those still in the village taking care of remaining livestock. The rest of the villagers are at the camp, on the lookout for a sign of the arrival of food donors.

Zimbabwe's cash-strapped government is already struggling to meet routine commitments such as the payment of state workers' salaries.

Thousands of nurses in state hospitals went on strike last week over a lack of year-end bonus payments, straining an already dire situation at the poorly resourced hospitals. State hospital doctors have been on strike since February 15, forcing the government to send in army and police doctors to care for patients.

NEWS24

Shot of the day

March 6, 2017, 2:00 pm

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Shot of the day SHOOTING THROUGH: A view of a Makalani palm tree in a Mahangu field which was captured through the base of a branch which fell from a palm tree. Photo: KENYA KAMBOWE