Quantcast
Are you the publisher? Claim or contact us about this channel


Embed this content in your HTML

Search

Report adult content:

click to rate:

Account: (login)

More Channels


Showcase


Channel Catalog



Channel Description:

Tells it All - Namibian Sun

older | 1 | .... | 438 | 439 | (Page 440) | 441 | 442 | .... | 1152 | newer

    0 0

    Namibia ta dhipaga po omukalo gwomathimbo gaaliNamibia ta dhipaga po omukalo gwomathimbo gaali Mosoondaha yomasiku gatatu gaSepetemba, otayi ka kala esiku lyahugunina AaNamibia otaya lundulula oowili dhawo konima yethimbo lyokufu lyuule woomwedhi ntano.

    Shoka osha landula ezimino lya ningwa kOmutumba gwoPashigwana taku yambidhidha olopota yoparliamentary standing committee ndjoka tayi yambidhidha opo Oveta yoNamibian Time Bill yi kuthe po omathimbo gopaali ngoka haga longithwa kuNamibia.

    Kwiikwatelelwa kompango ndjoka, yomo-1994, Namibia ohayi mokwenye potundi 02:00 mOsoondaha yotango yomwedhi Sepetemba nokulundulukila kokufu mOsoondaha yotango yaApilili.

    Ezimino ndyoka lya ninga, otali holola kutya momvula twa taalela oshitopolwa shaZambezi otashi ka kala tashi longitha ethimbo lya faathana noshilongo ashihe.

    Zambezi ina kala ha longitha omukalo ngoka gwelundululo lyethimbo.

    Omatompelo ga tulwa po koStanding Committee on Foreign Affairs, Defence and Security meyambidhidho lyethimbo limwe, oga kwatela mo omukundu hagu etithwa kethimbo ndyoka ngetashiya komalanditho pokati kaNamibia niishiindalongo.

    Olopota oya tsikile kutya okukala taku longithwa ethimbo limwe otashi ka yambulapo iilonga pethimbo lyokufu neyambulepo lyegandjo lyomayakulo.

    Olopota oya tsikie kutya sha landula oonkundathana naakuthimbinga ya yooloka, okwa hololwa kutya omalunduluko gethimbo moNamibia ohaga etitha ekanitho lyoowili dha thika pu ne momalanditho goJohannesburg Stock Exchange pethimbo lyokufu, oshowo pangeshefa dhilwe ndhoka ha ningi noshishiindalongo South Afrika.

    Okwa hololwa kutya omalunduluko ngoka ohaga yi moshipala ethimbo lyokupatulula oongamba niishiindalongo naanambelewa yokoongamba oya popi kutya ethimbo limwe ohaya thiminikwa konkalo opo ya longithe ethimbo ndyoka tali longithwa kiilongo iikwawo poongamba naashoka ohashi etitha aanambelewa ya longe oowili oonde.

    Oompata dhoka odha tamekwa mo-1992 koshilyo shoDTA, Anna Frank ngoka a popi kutya okwa limbililwa omolwa aanona mboka haya ende iinano iile okuya kooskola pethimbo lyokufu naashoka otashi etitha ya tameke okuya kooskola kwa luudha nokutula oomwenyo dhawo moshiponga.

    Pethimbo lyoonkundatha oshikondo shelongo osha holola woo omalimbililo kutya aanona yoskola naailongi oya taalela oshiponga sho haya ende omausiku okuya nokuza kooskola.

    Shoka osha etitha ostanding committee yi gandje omagwedhelo po opo Uuministeli wElongo wu tule miilonga oowili ndhoka tadhi wapalele aanaskola naailongi, pankundathana tadhi ningwa naavali oshowo aakuthimbinga melongo ayehe.

    Omunashipundi gwokomitiye ndjoka oLeevi Katoma.



    JEMIMA BEUKES

    0 0

    Maoist rebels in Philippines attack presidential guardsMaoist rebels in Philippines attack presidential guards Five Philippine presidential guard members were wounded and a paramilitary guard killed on Wednesday in an attack by Maoist rebels disguised as soldiers, security officials said, an incident that could dent a stuttering peace process.

    The attack on the elite Presidential Security Group (PSG) in North Cotabato province could complicate efforts by the government and the National Democratic Front, the communist rebels' political arm, to find a lasting solution to end a half-century conflict that has killed 40 000 people.

    President Rodrigo Duterte was not in the region on the southern island of Mindanao when the clash between the guards and the New People's Army (NPA) rebels erupted.

    “Five of our troops in two vehicles were slightly wounded in the firefight,” PSG commander Brigadier-General Louie Dagoy told reporters.

    Police said a paramilitary guard was killed and one was wounded. Both were traveling with the PSG unit.

    The peace process, an important initiative of Duterte, has been fraught with breakdowns, with both sides abandoning unilateral ceasefires in February, blaming each other for launching attacks while talks were going on.

    Informal talks in the Netherlands, where the exiled leader of the communists is based, are due on the weekend, aimed at restarting the stalled process.

    The Philippines has been beset by separate communist and Muslim insurgencies in various parts of the country for decades. Communist and Muslim rebels both operate on Mindanao.

    The clash at a checkpoint came a day after Duterte asked Congress to extend martial law until the end of the year to tackle rising Islamist militancy.

    Duterte on Tuesday met his negotiators dealing with the communists, and told them not to agree to a bilateral ceasefire until the NPA ceased attacks on troops. He also called the political leadership to keep its fighters under control.

    “We will bring this incident to their attention,” Duterte's top peace adviser, Jesus Dureza, said in a television interview.

    “The reality is there is no binding ceasefire agreement right now, that's why these incidents continue to happen.”

    The violence highlights the challenge facing a military stretched on multiple fronts in Mindanao, an island of 22 million people.

    Government forces are battling to defeat Islamic State-inspired rebels who have occupied the heart of Marawi City for 58 days, while operations continue on islands to the west of Mindanao against Abu Sayyaf rebels behind kidnappings and piracy.

    Military chief Eduardo Ano said Maoist rebels were exploiting the security crisis.

    “That's why you are seeing now an increase in the intensity of encounters nationwide,” he said.

    Documents obtained by the army showed Maoist rebel leaders had ordered guerrillas to step up attacks after martial law was imposed in Mindanao on May 23, Ano said.



    NAMPA/REUTERS

    0 0
  • 07/19/17--16:00: Guptagate deepens
  • Guptagate deepensGuptagate deepensStalwarts turn against Jacob Zuma Calls for protests on 8 August as a no-confidence vote against Jacob Zuma is tabled, along with countless more Gupta-related allegations, are keeping South Africa in political turmoil. Veteran ANC leader, Reverend Frank Chikane, on Tuesday said he believed that funds laundered during the state capture project would be used to “steal the 2019 elections”.

    “Some of the billions of rands have been siphoned from this country and are laundered back and used as part of a war chest to make sure that the corrupt remain in power....

    “They go from branch to branch of the African National Congress and buy branches in preparations for the December conference. They will use this to continue buying people and corrupting the systems to make sure that the 2019 election is stolen,” he said.

    He said the main objective was to corrupt the 2019 elections.

    “To those running this project, the game is over.”

    He said a state of fear had been created.

    “There are people who fear for their lives today, people being threatened. Some of us are beginning to live like we lived during apartheid. I am worried about who is following me.”

    He said it pained him that some of his comrades, some of whom he shared the trenches with, were doing the wrong thing without fear of being caught.

    Chikane encouraged public servants to resist being co-opted into the state capture project.

    To those in the security services, Chikane said nobody should be given instructions and carry out an illegal order.



    Collusion

    “To those who are sworn to secrecy, you are not sworn to secrecy to criminality and I refuse to be sworn to secrecy for criminal activity.”

    He said if ANC members failed to solve issues, it was up to South Africans.

    Chikane made a plea to those who are privileged to not only solve the state capture problem, but also to assist the poor.

    Earlier, Prasa's Popo Molefe told the gathering that when he asked that the controversial locomotives tender be investigated, he was attacked by MPs.

    “We placed before law enforcement agencies about 41 complaints... They have done nothing about it. They must explain to the courts and South Africans why as a state organ, fail to dislodge their duties.”

    Molefe believes that there is collusion between the executive authority and those who are stealing from taxpayers.

    Save South Africa's Sipho Pityana said, “Today we must fundamentally start to turn the tide of the forces of evil in the same way that we defeated apartheid through the combined efforts of our people.”

    Pityana said South Africans should come together to stop state capture.

    After several speeches, the more than 400 delegates met in separate commissions to discuss a way forward.

    Ahmed Kathrada Foundation's Neeshan Balton said some of the proposals included investigating the feasibility of boycotting all Gupta linked businesses, that ANN7 be removed from DStv and that there be a demonstration in Cape Town outside Parliament on 8 August, the day the motion of no confidence is tabled.



    NEWS24

    0 0

    Lungu tells lawyers to form political partyLungu tells lawyers to form political party Zambian President Edgar Lungu on Tuesday challenged a body representing lawyers to form a political party and face him in the political arena instead of hiding behind the professional body.

    Lungu accused the Law Association of Zambia (LAZ) of abusing the noble profession by politicking on any issue in the country.

    This comes in the wake of the association's comments on Lungu's decision to invoke Article 31 of the country's constitution which has resulted in the declaration of a threatened state of public emergency.

    The invocation follows a spate of damages to public properties, including the setting on fire of markets, with the latest being a famed market in Lusaka, the country's capital.

    On Monday, the lawyers' body questioned the circumstances under which the invocation was made and wondered why the declaration was made before investigations were concluded to establish the truth behind the damage to the public properties.

    Lungu said he was concerned with the politicking going on at the association and challenged some lawyers in the association to form a political party and face him head-on.

    The Zambian leader said it was unacceptable for the association to be playing politics especially at a time when citizens were looking to it to interpret the law properly.

    “Let them form a political party; let them go ahead. Let them not abuse the profession because what they are doing is politics,” he told reporters before departure for Swaziland where he has gone for a two-day state visit.

    “To abuse the law, the legal profession I belong to is totally unacceptable. It is a very noble profession,” he added.

    The association has come under increased attacks from both government and ruling party officials.

    In May this year, youths from the ruling party stormed the association's headquarters in Lusaka, demanding the resignation of its president Linda Kasonde, after accusing her of supporting the main opposition party.

    During an extraordinary general meeting held in April, some lawyers aligned to the ruling party attempted to impeach the executive body of the association but the bid failed after the majority of the lawyers rejected it while some called for the splitting of the association.

    NAMPA/XINHUA

    0 0
  • 07/19/17--16:00: Shot of the day
  • Shot of the dayShot of the day MUD BUSINESS: Brendan Weening of Ypsilanti, Michigan plays in the pit at Wayne County's annual Mud Day at Nankin Mills Park in Westland, Michigan. The mud pit contains 200 tons (181 metric tons) of top soil and 20,000 gallons (75,708 liters) of water. Photo: NAMPA/AFP

    0 0
  • 07/19/17--16:00: What's the fuss all about?
  • What's the fuss all about?What's the fuss all about? There is so much confusion regarding the construction of the planned referral hospital in the north.

    Despite the authorities agreeing that the project be built in the Oshana Region, there is still no consensus on the ideal location.

    There are so many lingering questions concerning the project and members of the public have the right to bemoan the reigning confusion.

    The project has also frustrated the northern local authorities particularly Ondangwa, which is set to lose out on this project.

    Despite being recommended by the Oshana politicians as the ideal location for the referral hospital, a fresh twist emerged recently when regional governor Clemens Kashuupulwa argued against the resolution taken by the councillors, suggesting it was not legally binding.

    The Ondangwa authorities have every reason to feel hard done by at the way the issue is being handled.

    The town had earlier allocated land to the health ministry when it was initially identified for the construction of a district hospital.

    These plans have since been shelved for a much bigger and a 1 000-bed facility, which will understandably be financed through a public-private partnership. After having identified Ondangwa as the preferred location for the district hospital, it clearly defies logic as to why a second town was invited to submit bids for the hospital construction.

    To avoid unnecessary delays the authorities would have revisited the initial land offer from Ondangwa and reconsider for the referral hospital.

    Ondangwa was in any case going to benefit from the district hospital spin-offs.

    In addition, who has the power in determining the desirability of the project? As elected representatives of their various constituencies, councillors are there for the immediate and future interests of the citizenry.

    They are also responsible for identifying the development needs of the communities they serve.

    These councillors have unanimously chosen Ondangwa as the perfect location for the referral hospital and now their powers are being questioned.

    All those involved must stop playing politics with development.

    The time is running out and a decision must be made in the best interest of all stakeholders involved, otherwise we will continue to compromise on public healthcare.

    0 0

    Top local runners prepare for LondonTop local runners prepare for London As London gears up for the IAAF World Championships in August, five Namibian track and field athletes are honing their skills and resilience and working hard to balance work and athletics in preparation for the championships.

    Athletics Namibia will send Helalia Johannes, Beata Naigambo, Lavinia Haitope, Reonard Nampala and Paulus Iyambo in hope to win medals for the country.

    Haitope, whose speciality is the 42km marathon said her team wakes up at 05:30 every morning to run, “my coach has put a strict schedule which I am following. I train twice a day; in the morning and afternoon. We run the NamPower and Otjomuise road. My family is very supportive and that gives me the inspiration to run.”

    She further said that winning a medal would be a great achievement but she is using the championship to better her time which currently stands at 2h: 40 min: 26sec. Naigambo also said training has been going well so far.

    Haitope and Naigambo’s coach, Tobias Hiskia said the athletes so far have not had any injuries and a situation that is healthy. “We are training well despite the fact that support is lacking for the athletes.”

    The biennial championships take place from August 4 to 13 and feature some of the best runners in the world.

    The event will take place at London’s Queen Elizabeth Olympic and expected to be the biggest sporting event of the year.

    The London Championships will be the 16th in the event’s 34-year history and the first IAAF World Championships were hosted in Helsinki in 1983.

    The most recent Championships in Beijing, China, in August, 2015, saw 1 931 athletes participate from a record 207 national federations.

    Kenya won the highest number of medals for the first time in its history, winning seven gold medals out of the 16 medals it took home, breaking USA’s 10 year record.

    Limba Mupetami

    0 0
  • 07/19/17--16:00: Ill-treatment rocks De Sousa
  • Ill-treatment rocks De SousaIll-treatment rocks De SousaMother rages on team manager A concerned parent has decided to withdraw her daughter from international athletics events following allegations of ill treatment. Complaints have surfaced that one of Namibia’s athletes, Sade de Sousa, was allegedly unfairly treated by her team manager at the recent 2017 AAF World Youth Championships in Kenya.

    It is alleged that team manager Leonie van Rensburg neglected the athlete in Nairobi at the competition which ended over the weekend.

    Namibian Sun is in possession of a letter directed to Athletics Namibia president, Erwin Naimhwaka, over the events that transpired in Nairobi.

    In the letter, the complainant (Brenda Bezuidenhoudt) whom this newspaper can confirm is the victim’s mother threatens to withdraw her daughter from taking part in any international events because of what her daughter allegedly went through.

    “Erwin, I’m writing this mail in total dismay on what transpired on the trip to Kenya and the treatment Sade Received from Leonie.

    “From the first day of the events, she told me that she feels she’s being side-lined by Leonie,” the letter reads.

    The letter further reads that the athlete was allegedly left out in the rain by her team manager, while the other athletes went with the team manager.

    It is also alleged that the team manager was reluctant to assist the athlete when she needed medical treatment during the competition.

    “The main reason for me going with [Sade] to Nairobi was in the absence of her coach and the fact that she is a girl.

    “I shudder at the mere thought had I not been there, what would have happened to my child.

    “With all due respect, I herewith formally withdraw Sade from any future national athletics events outside the country where Leonie is involved in whatever country,” writes Bezuidenhoudt.

    She further demanded that Van Rensburg publicly defends herself from the criticisms.

    Van Rensburg however maintained that she was unshaken by the allegations made by De Sousa’s mother.

    She insists that the letter lacks facts and will therefore not comment on anything at the moment.

    “I know that there are more letters going to come from various parents and that is why I am not going to comment on these things.

    “I have been a team manager for so many years and I know these things always come up,” Bezuidenhoudt reiterated.

    Naimhwaka confirmed that he had received the letter from Bezuidenhoudt.

    He could not however shed more light on what actions they are going to take, stating that he just received the letter yesterday.

    “All I can do now will be to table the letter with the board and then we can deliberate on it,” Naimhwaka said.

    The athlete only managed to finish sixth in the 100-metter semi-finals after clocking 12/03 seconds at the youth games.

    Unfair treatment allegations about the youngster are not new and complaints were also voiced following her exclusion to be part of the commonwealth team even regardless of the fact that she has been performing well this year.

    Jesse Jackson Kauraisa

    0 0
  • 07/19/17--16:00: Pokolo lauds Classic Clashes
  • Pokolo lauds Classic ClashesPokolo lauds Classic ClashesNFA administration course under way The Classic Clashes have given young players the opportunity to showcase their talents. The sponsorship manager at FNB, Gordon Pokolo, says the FNB Classic Clashes have been a success so far.

    The school tournament is believed to have made great strides as far as improving the quality of youth is concerned.

    Last weekend, the competition was held at the coast where the host teams proved too strong for their opponents.

    “The action on the field at all the FNB Classic Clashes games has been tremendous this year.

    “Now we look forward to the last three games, one rugby and two football games, which will take place on 22 July and then on 8 and 9 September 2017,” Pokolo told Sindana communications.

    Over the past weekend, Kuisebmond Secondary School and Westside High managed to entertain the crowds in Walvis Bay and Swakopmund.

    Kuisebmond defeated SI Gobs 3-1 in one of the matches in Walvis Bay, while Westside High was victorious against the Kolin Foundation in Swakopmund.

    The Kolin Foundation could not stop a determined Westside High, with the game ending 3-0 in favour of the home team.

    This Saturday, HTS will meet Walvis Bay Private High School in Windhoek, while the last two soccer games will take place at Nehale and Haudano.

    JESSE JACKSON KAURAISA

    0 0
  • 07/19/17--16:00: You still have to pedal
  • You still have to pedalYou still have to pedal Whatever the reasons, bikes have remained popular since their invention and will remain a widespread device in the years to come.

    That being said, the first generation of bikes is now a far cry of their contemporary descendants. Better material, technologically advanced, and more durable, it is not a surprise that many bikes today will create a ding on anyone's wallets. Some of the best bikes out there cost a few hundreds or even thousands of US dollars.

    However, there are a few selections of bikes that carry premium, five- figure price tags. The question is, are you willing to part with your money just to take these bikes home? Here are the top five expensive mountain bikes that will make your wallet cry.

    At number five, the Trek Madone 7 – Diamond: N$970 500:

    The Trek Madone 7 Diamonds is a rare specimen among mountain bikes. This was the same model used by Lance Armstrong when he won his seventh Tour de France title. Ganging up to create this historic mountain bike were Nike, Trek Bikes, Alan Friedman and Lenny Futura. All parties joined together to give Armstrong a bike intended for winners and it never failed. Aside from its rich history, the Trek Madone-7 Diamond is embedded with real diamonds, 307 to be exact.

    The Auramania Crystal Edition Gold Bike comes in fourth at N$1.475 million:

    The Auramania Crystal Edition Gold mountain bike is a plush creation intended for those who want to ride and conquer trails and roads in luxury. The frame is crafted from 24-carat gold and is decorated with 600 sparkling Swarovski crystals at the crossbar. The seat is also another high-class feature. Made of fine leather, it gives the wearer a very comfortable ride regardless of terrain. There are only 10 Auramania Crystal Edition Gold Bikes in the world, thus making it a very valuable and sought after item especially among mountain bike diehards.

    With a pricetag of N$2.07 million, the Kaws – Trek Madone comes in third:

    Lance Armstrong rode the Kaws -Trek Madone during the Vuelta Leon y Castilla Race in 2009. It was soon auctioned by Sotheby's for the Global Fight against Cancer. A collaborative creation between Trek Madone and bicycle designer Brian Donnelly, aka Kaws, this particular bike was meant for Armstrong's daily cycling routine, painted with classic yellow, black and white theme.

    The Trek Yoshimoto Nara costs N$2.6 million and comes in second:

    Trek tapped Japanese artist Yoshimoto Narra for a project and this bike is the product of that partnership. Narra, a known punk soul who likes to draw images of children showing negative facial expressions, made that tendency clear with the Trek bike that bears his name. Made for extreme competition, this Trek bike boasted of carbon fiber frame, making it light weight and fast. The Trek X Yoshimoto Narra was created to honour Lance Armstrong.

    And at number-one, the world's most expensive bicycle, the Trek Butterfly Madone with a pricetag of N$6.7 million:

    If you are looking for a bike that flaunts some fancy touches, you might want to check out the Trek Butterfly Madone. Designer Damien Hirst used real butterflies to adorn this high-end performance mountain bike as a tribute to Lance Armstrong's return to the cycling circuit after surviving cancer. Even with the butterflies, this mountain bike was made for racing and can perform well, like any other bikes Armstrong rode in his career.



    STAFF REPORTER

    0 0
  • 07/19/17--16:00: My kingdom for a bakkie
  • My kingdom for a bakkieMy kingdom for a bakkieSingle-cabs are bought for work While the market for bakkies may look more towards the double-cab and the family or luxury alternative, there is still a huge market seeing a car that can work. Many automakers are focusing on the lifestyle bakkie market with plenty of double-cab options available. The caveat, however, is the single-cab workhorse receiving somewhat less attention; Volkswagen's updated Amarok range no longer features single-cab derivatives.

    The aforementioned Amarok also takes the title of SA's most expensive double-cab. But what about premium single-cabs?

    The current market is filled with a vast array of bakkies to choose from. Toyota is still top of the most expensive bakkie list with its Land Cruiser 79 - almost R200 000 more than its closest rival.



    Tough market

    Toyota and Ford are in a never-ending battle to see who can sell the most bakkies in SA, but hot on their heels is Isuzu and Volkswagen. The Hilux and Ranger are top-sellers in monthly the sales charts but they aren't the most expensive. Especially in the single-cab segment.

    Here are five of the most expensive single-cab bakkies in SA:

    1 Toyota Land Cruiser 79 4.5D LX V8 4x4 – N$671 400

    Proven and reliable, the Land Cruiser would be any farmer's first choice for a workhorse. The single-cab derivative is as accomplished as its double-cab counterpart though with the benefit of having a much larger load bay. It is also the only bakkie in SA to have a V8 engine under the bonnet. If a workhorse is what you're after, they don't come much tougher than this!

    2 Nissan Patrol 3.0 TD – N$583 900

    The only other bakkie to give the Land Cruiser a run for its money is the Patrol. This bakkie has one of the most accomplished 4x4 systems of any bakkie in SA and will go bundu-bashing on any given day. Its 3.0-litre engine has come a long way, but at least you know that it can be fixed anywhere, anytime should something go awry. This is a real bakkie; in the true sense of the word.

    3 Toyota Hilux 2.8 4x4 Raider – N$456 300

    The market leader in terms of sales, the Hilux is a proven vehicle in SA's bakkie market. The single-cab is a firm favourite amongst farmers, artisans, private companies and government due to its reliability. Few will question the Hilux's eagerness to work but even fewer will be persuaded away from it.

    4 Ford Ranger 3.2 4x4 XLS – N$447 900

    Though the Hilux dominates sales, the Ranger could just be the bakkie to go for. Like its double-cab sibling, the single-cab is one of the better looking bakkies in SA and its assertive, bold design add to its aggressive presence on the road. Its engine and gearbox combinations are some of the smoothest in the segment and it takes very little effort to chase off into the sunset.

    5 Isuzu KB KB300D-Teq 4x4 LX – N$445 100

    The KB has a loyal following in SA. It is one of the last 'true bakkies' in SA and though the market has veered into a more leisure-orientation, the KB still lags a behind in this regard. Despite being behind it tech you're purchasing a rugged workhorse; a bakkie that has no problem getting its load bay dirty.

    WHEELS 24

    0 0

    Oil dips on rising US crude inventoriesOil dips on rising US crude inventories Oil prices fell on Wednesday after a rise in US crude inventories and ongoing high output from Organisation of Oil Producing Countries producers revived concerns of a fuel supply overhang.

    US crude stocks rose last week, adding 1.6 million barrels in the week to July 14 to 497.2 million barrels, industry group the American Petroleum Institute said on Tuesday.

    Outside the United States, supplies from the OPEC remained high, largely because of rising output from member-states Nigeria and Libya, despite the club's pledge to cut production.

    “Nigeria and Libya have made significant progress in reinstating their oil supply. Production in Libya is currently reported at or above 1 million barrels per day while August loading schedules for Nigeria have risen to just over 2 million barrels per day,” French bank BNP Paribas said.

    “The increment of crude oil supply from Nigeria and Libya in June vs. October 2016 reference production levels comes to 450 000 barrels per day on average. This is almost 40 percent of the 1.25 million barrels per day cut by the OPEC 10 members engaged in supply restraint,” the bank said.

    Nigeria and Libya are exempt from the deal between OPEC and other producers, including Russia, to cut production by around 1.8 million barrels per day between January this year and March 2018 in order to tighten the market and prop up prices.

    “Talk of capping Nigerian and Libyan output has been growing fast (within OPEC). But it is very unlikely that both countries will acquiesce to a cap so soon after restoring production,” BNP said.

    On the demand side, BMI Research warned that China's near record refinery use of crude oil in June would likely fall in the second half of the year.

    “The pace of refining throughput growth in China is set to ease in H2, as the Chinese economy loses steam amid intensifying efforts to curb financial risks, and utilisation rates at the independent private refineries soften amid lower quotas and a tighter regulatory environment,” BMI said.

    NAMPA/REUTERS

    0 0
  • 07/19/17--16:00: GM broadens horizons
  • GM broadens horizonsGM broadens horizonsGM joins other carmakers investing in self-driving start-up Nauto Nauto is a start-up that develops self-driving technology. Is has received attention from car manufacturers looking to diversify. General Motors Co and Japan's Softbank Group Corp are among the latest investors in Nauto, a Silicon Valley start-up developing software for self-driving vehicles.

    Nauto, based in Palo Alto, said on Tuesday it closed a US$159 million Series B funding round, led by Softbank and venture capital firm Greylock Partners.

    Previous investors included German automaker BMW AG and Japanese automaker Toyota Motor Corp, as well as German insurance firm Allianz.

    Nauto is unusual in attracting money from big-name automakers, and also in its focus on software and data, which cost less to develop than hardware or entire vehicles.

    “Any (vehicle) manufacturer is better than any start-up at building cars,” said Stefan Heck, founder and chief executive officer of two-year-old Nauto. “Our aim is to provide the data, intelligence and a cloud platform” to automakers that plan to begin putting self-driving cars on the road from 2020.

    The amount of GM's investment in Nauto was not disclosed.

    The Detroit automaker bought Silicon Valley start-up Cruise Automation in early 2016 for more than US$500 million.

    Heck declined to specify the company's post-funding valuation. He did say it was shy of US$1 billion, “unicorn” status in Silicon Valley shorthand.

    “But we're getting there,” he said.

    To develop its technolog, Nauto is retrofitting windshields of commercial trucks from North America to Europe and Japan with dual cameras: one aimed at the road and the other at the driver.

    The goal is to gather data on driver distraction and on the environment around vehicles and speed development of self-driving technology.

    Using such techniques as computer vision and deep learning, a form of artificial intelligence, the company is analysing video feeds and data from the retrofit devices to improve driver performance and safety.

    Learning more about how human drivers behave is critical, Heck said, because self-driving cars must share the roads with those vehicles for at least the next 20 to 30 years.

    “During that transition period, we need autonomous vehicles that are not just smart, but are able to collaborate with humans,” Heck said in an interview.

    Nauto is working with investors and other companies “to learn from human drivers, the best and the worst, to inform” the development of self-driving vehicles.

    Heck declined to say how many vehicles are using Nauto's cameras and software, but said the company expects to accumulate more than one billion miles of real-world data within the next year.

    NAMPA/REUTERS

    0 0

    Brexit may birth many regulatorsBrexit may birth many regulators Britain will probably have to set up fewer than 10 new regulators after leaving the European Union, a government source said on Wednesday, offering the first assessment of how officials will tackle one of the most business-sensitive Brexit issues.

    Uncertainty over the future of sector-by-sector regulation, much of which is currently handled by Brussels, is a major concern for firms operating in dozens of industries such as banking, pharmaceuticals and aviation.

    Business lobbying group, the Confederation of British Industry, has previously suggested that 34 EU regulators will no longer have jurisdiction in Britain after Brexit.

    The government set out how it plans to translate European Union law into British law last week when it published legislation known as the 'repeal bill'.

    A government source said an assessment of which new regulators would be required under the repeal bill is expected to be a low number, and probably less than 10.

    A source close to British Prime Minister Theresa May also said the number would most likely be in single figures.

    The government source did not detail which industries might need a new regulator.

    Some firms have already raised the possibility that they would choose to relocate to avoid the higher costs associated with regulatory uncertainty.

    NAMPA/REUTERS

    0 0
  • 07/19/17--16:00: Supporting SME activities
  • Supporting SME activitiesSupporting SME activitiesBank Windhoek ESME branch open to all entrepreneurs SMEs contribute over 12% to the national gross domestic product according to Bank Windhoek. Small and medium enterprises play a vital role in Namibia's economy with one in five people being employed in the SME sector. Not only do they create jobs, but they also raise the standard of living of many Namibians which alleviates poverty. SMEs also empower women and youth within the community.

    The manager at the emerging and small and medium enterprises (ESME) finance division, Mbo Luvindao shares what Bank Windhoek has to offer through its mentorship programme.

    “Bank Windhoek's ESME division's ultimate goal is to see an increased number of small and medium enterprises grow into sustainable businesses and provide longevity,” said Luvindao.

    According to him, as an SME customer, Bank Windhoek's mentorship programme is available to successful SME finance applicants. This is a 10-month targeted programme directed at helping the SME build capacity by improving business management skills. The mentors focus on assisting the business to improve areas such as bookkeeping, pricing strategies, marketing, human resources management and other practical business skills.

    “We help entrepreneurs realise their dream of owning a business. We do this by providing financing to both start-ups and existing businesses. Bank Windhoek's ESME finance branch offers a variety of products that are tailor made for small and medium enterprises,” said Luvindao.

    “No matter how small your business, we will help you achieve new heights with all-inclusive services,” Luvindao concluded.

    STAFF REPORTER

    0 0

    Shoprite reports revenue of N$140.7bnShoprite reports revenue of N$140.7bn Shoprite managed to grow turnover by 10.4% over the past 12 months, despite challenging trading conditions both locally and in non-domestic markets, the group revealed in its operational update.

    The update focuses on the trading period over the past 52 weeks ending 2 July 2017. Turnover for the 52-week period compared to the 53 weeks of the previous year (2016) increased by 8.2% to N$140.7 billion.

    Operations in South Africa increased by 10.1% over the past 52 weeks. On a 53-week basis this is 7.7%, the group indicated in its note to shareholders.

    Internal inflation slowed to 5.9%, from 7.4% reported in December 2016, as a result of the drought easing. Inflation in the previous year was reported at 3.9%.

    Non-South African operations reported sales growth of 13.5%, this is 11.7% on a 53-week basis. Lower commodity prices and the devaluation of certain currencies had a material impact on prices of imported products during the latter part of the year, the group explained.

    If currencies were constant, then sales effectively grew 33.8%, or 31.6% on a 53-week basis. “The fourth quarter in particular is where the previous high base in Angola's sales impacted growth for the year,” the group explained.

    The furniture division grew sales by 6.2%, or 4.3% on a 53-week basis. It faced industry challenges around affordability requirements of the National Credit Act, and durable purchases by consumers were also limited.

    Other operating segments reported growth of 7.7%, or 7% on a 53-week basis.

    FIN24

    0 0

    Katjirua wants stakeholder buy-inKatjirua wants stakeholder buy-inKhomas residents urged to participate Public involvement will lead to successful development in Windhoek says governor. Public involvement and participation will bring about successful development, Khomas governor Laura McLeod-Katjirua has said.

    Speaking at the official launch of the first round of the City of Windhoek's public meetings on Saturday, McLeod-Katjirua said successful development is not only derived from cost reduction and resource mobilisation, but also from better targeting of people's needs through active involvement.

    In line with its public participation policy, the City of Windhoek every year conducts public meetings with the purpose of sharing public information on issues that affect them.

    This year, Windhoek municipality public meetings will be held over weekends until 5 August.

    “It is evident that there is a growing expectation from the public to participate and to be involved in order to hold the policy makers accountable,” said McLeod-Katjirua.

    She said this expectation is not misplaced because in a democratic set-up like Namibia, the involvement of citizens is essential and it must be clearly seen and practically experienced. “As leaders we must ensure the capacity and opportunity for collective participation by creating adequate opportunities for consultations with our communities in ways that allow them to take ownership of the development process,” said McLeod-Katjirua.

    She added that government should require public service providers to put feedback and complaint mechanisms in place.

    Feedback from the public would be useful early warning signs that something has gone wrong, which would then enable the public service to engage with citizens.

    “We can make it easy to give feedback and make complaints through new technology such as text messages and the internet,” she said.

    NAMPA

    0 0
  • 07/19/17--16:00: Manufacturers awards a go
  • Manufacturers awards a goManufacturers awards a go FNB Namibia Business has renewed their sponsorship towards the NMA Manufacturer of the Year Gala Awards ceremony for the next three years.

    This year's support amounts to N$100 000.

    FNB executive officer for business, Johan van der Westhuizen, said the support shown to the awards was to help emerging small and medium enterprises.

    “We know that NMA will host a successful event, especially in promoting entrepreneurs and small and medium enterprises, something that is close to the heart of FNB Business,” said Van der Westhuizen.

    The Namibian Manufacturers Association holds the national annual event to inspire and motivate its members to continue being innovative and to raise awareness of the high standard of manufacturing in Namibia, while at the same time highlighting the important role which the sector plays in wealth and job creation in Namibia, and the rest of the SADC region.

    Namibia Manufacturers Association CEO Ronnie Varkevisser expressed his satisfaction at the support FNB was showing to the planned award ceremony.

    “We advocate better working relations and dialogue between all stakeholders such as manufacturers, retailers, consumers and government. We thank FNB Namibia for their support and wish to advise that because of their ongoing support, the service of the association to members is greatly enhanced and we are able to deliver on our promises,” said Varkevisser.

    FNB for its part said that it recognised excellence in the manufacturing sector, saying that it played a meaningful role alleviating poverty.

    “We remain committed to service excellence and recognise the role that the manufacturing business plays in creating much needed employment in our country” concluded Van der Westhuizen.

    STAFF REPORTER

    0 0

    Rent, utilities drive inflationRent, utilities drive inflationNo real relief in sight in this regard Prices of several commodities in the so-called inflation basket have come down but the high cost of housing underpins increasing inflation. The Namibian household has been under pressure of late and while there seems to be some relief with some figures dropping in June, the most expensive items continue to be housing and utilities.

    Rental increases, at 9.7% in January, have remained unchanged to date.

    According to local stockbroking firm IJG Securities, annual inflation declined to 6.1% year on year in June, 0.2% year on year, lower than in May, while prices increased by 0.1% month-on-month, similar to the price level increase witnessed in May.

    The slowdown in annual inflation was caused mainly by the easing up of the price inflation levels of transport and alcoholic beverages, as well as tobacco.

    Of the 12 basket items, IJG said four saw a higher annual inflation rate than the previous month, three remained relatively unchanged.

    Five categories saw lower rates of price increases.

    Overall, prices for goods increased by 4.5% year-on-year while prices for services grew by 8.2%, also year-on-year.

    Housing and utilities remains the largest contributor to annual inflation due to its large weighting in the basket and the effect of irregularly high rental increases of 9.7% in January.

    This category increased by 9.8% year-on-year but remained approximately unchanged month-on-month.

    Annual inflation for rental payments for dwellings remained at 9.6% in June and will likely remain this high for the rest of the year.

    “Furthermore, the City of Windhoek has put into effect a 13% tariff increase on water consumption, effective 1 June, with a request for a 10% electricity tariff increase submitted to the Electricity Control Board (ECB), which is still pending approval. With the increases in utilities now passed on to the consumer, we believe that this will most likely put upward pressure on this basket category going forward,” IJG said.

    In light of this, the firm said that housing and utilities will underpin overall inflation in the country.

    Food and non-alcoholic beverages, the second largest basket item in weighting, was the second largest contributor to annual inflation, accounting for 0.8% of the total inflation figure. Food and non-alcoholic beverage prices increased by 4.6% year on year, ticking up from the 3.6% recorded in May, still considerably below the peak of 13.2% witnessed in January. Bread and cereals are more affordable and have decreased by 2.8% year-on-year, while the price of vegetables decreased by 2.1% on an annual basis.

    Fruit, however, is now 6.3% more expensive on an annual basis.

    Transport was the third largest contributor to annual inflation, accounting for 0.7% of the total 6.1% inflation figure.

    Transport prices increased by 5.0% year-on-year but remained flat month on month, with the annual increase driven largely by the 5.8% year-on-year increase in the cost of operating personal transport equipment.

    IJG reported that the alcohol and tobacco category displayed increases of 3% year on year with a decrease of 0.3% month-on-month in June versus 3.3% year on year and 0.1% month-on-month in May.

    The main driver in this basket category remains alcohol prices which increased by 3.2% annually while tobacco was up 2.3%.

    “Inflation in this category remains very subdued despite the announcement of increased sin taxes in March.”

    Good news for the consumer is that IGJ is of the view that Namibian inflation has continued to decrease at a faster pace than was anticipated at the start of the year.

    A strengthening rand and a strong decline in food prices has seen inflation moderating substantially.

    However, the firm says that increased utilities consumption tariffs imposed by the City of Windhoek this month should change the dynamic towards a slight uptick in inflation going forward, this happening within the basket that is the largest contributor towards inflation.



    STAFF REPORTER

    0 0
  • 07/19/17--16:00: Boy, 15, caught with dagga
  • Boy, 15, caught with daggaBoy, 15, caught with dagga A 15-year-old boy was arrested at the J A Nel Secondary School hostel in Keetmanshoop and charged with possession of cannabis.

    The Namibian police's //Karas regional crime Investigations coordinator, Deputy Commissioner Chrispin Mubebo, told Nampa on Tuesday that the boy was arrested around 18:30 at the hostel premises on Thursday last week.

    Police confiscated 44 “balies” of dagga from the suspect.

    The value of the cannabis still has to be determined.

    Mubebo said the boy already appeared in court and was released into the care of his guardians, as he is a minor.

    A group of J A Nel boys were earlier this year arrested at the school when they were found in possession of with.

    Meanwhile on Friday, police confiscated 915 grams of the same illicit drug worth N$2 745 from a 30-year-old man on the B1 road at a bridge in Noordoewer.

    He was charged with dealing in the contraband.

    It is not yet known in which court he appeared.

    Also earlier this week, two adults, a 43-year-old Congolese male and an Angolan woman, 47, were arrested with cocaine at the corner of Daan Viljoen and Otjomuise roads.

    According to the police, at about 06:00, 4.1kg of cocaine, valued at N$2 million, was seized from the two suspects.

    The police alleged that the suspects' vehicle, a Toyota Corolla skipped a red robot and hit another Corolla that is a taxi.

    The police say after hitting the taxi, the male suspect grabbed a bag from his vehicle and tried to flee the scene but the taxi driver caught him and held him back. The police were called and upon their arrival they found a bag of four blocks of suspected cocaine in the suspects' vehicle. The Congolese man is married to a Namibian woman and they were both arrested and are in police custody.

    -Additional reporting by own reporter



    NAMPA

older | 1 | .... | 438 | 439 | (Page 440) | 441 | 442 | .... | 1152 | newer