Articles on this Page
- 04/08/18--16:00: _United spoils City'...
- 04/08/18--16:00: _Production of the n...
- 04/08/18--16:00: _Farming areas in de...
- 04/08/18--16:00: _Beef exports to Chi...
- 04/08/18--16:00: _Company news in brief
- 04/08/18--16:00: _Phenomenal
- 04/08/18--16:00: _Nearly N$500 000 pl...
- 04/08/18--16:00: _Eenhana strives for...
- 04/08/18--16:00: _What is a double ta...
- 04/08/18--16:00: _Africa Briefs
- 04/08/18--16:00: _Gambling crackdown
- 04/08/18--16:00: _Stars sink Civics
- 04/08/18--16:00: _Pohamba 'a beacon o...
- 04/08/18--16:00: _Finance official ap...
- 04/08/18--16:00: _New NRU board elected
- 04/08/18--16:00: _Rand to hold most g...
- 04/08/18--16:00: _Para-athletes are t...
- 04/08/18--16:00: _Aroab Celtics win H...
- 04/08/18--16:00: _City graves close t...
- 04/08/18--16:00: _Govt, Air Namibia i...
- 04/08/18--16:00: United spoils City's party
- 04/08/18--16:00: Production of the new BMW X3 starts at Rosslyn
- 04/08/18--16:00: Farming areas in deep trouble
- 04/08/18--16:00: Beef exports to China to start at last
- 04/08/18--16:00: Company news in brief
- 04/08/18--16:00: Phenomenal
- 04/08/18--16:00: Nearly N$500 000 pledged for OTIE
- 04/08/18--16:00: Eenhana strives for affordable housing
- 04/08/18--16:00: What is a double taxation agreement?
- 04/08/18--16:00: Africa Briefs
- 04/08/18--16:00: Gambling crackdown
- 04/08/18--16:00: Stars sink Civics
- 04/08/18--16:00: Pohamba 'a beacon of light'
- 04/08/18--16:00: Finance official appears for bribery
- 04/08/18--16:00: New NRU board elected
- 04/08/18--16:00: Rand to hold most gains since start of 2018
- 04/08/18--16:00: Para-athletes are the real stars
- 04/08/18--16:00: Aroab Celtics win Henno Memorial Cup
- 04/08/18--16:00: City graves close to capacity
- 04/08/18--16:00: Govt, Air Namibia in firing line
Victory would have crowned City, who still holds a commanding 13-point lead over United, as champions for the fifth time.
But a day after City manager Pep Guardiola claimed to have been offered the chance to sign Paul Pogba by the player's agent; Pogba led United's fight back by scoring twice in as many minutes before Chris Smalling completed an incredible comeback.
“My objective here was to get points and not spoil any celebrations,” said Mourinho. “The point is can we improve enough to catch them next season?”
United finished sixth, 24 points behind champions Chelsea, last season and Mourinho wants a similar level of improvement to tilt the balance of power in Manchester back in United's favour.
“Next season we have to improve even more because this season we improved in relation to last season: more points, more victories, more goals scored, less goals conceded, better results against the top five teams.
“We improve at every level but it was not enough. That's why I congratulate Man City because they are going to win the title; they deserve to win the title.”
Goals from captain Vincent Kompany and Ilkay Gundogan handed City a richly deserved halftime lead, but they were left to rue huge missed chances from Raheem Sterling to put the game beyond United at the break.
“In one month or one year we will see the game and think how did we lose it? But we lost it,” said Guardiola.
“For the fans it is hard, but maybe they are going to give more credit to winning the Premier League if we are able to win the Premier League.
“To see how tough it is when the people say since November 'it is done'. It was a tough, tough fight to keep going every single weekend.”
Guardiola added more spice to an already hotly-anticipated clash when he claimed on Friday he had been offered the chance to buy Pogba two months ago by the player's agent Mino Raiola.
Pogba has endured a desperately disappointing season having often been dropped by Mourinho for United's biggest games.
But restored to his favourite position on the left of a midfield three, Pogba showed why he was the world's most expensive player when United splashed out £89 million to bring him back to the club from Juventus in 2016, by hauling his side back into a game that looked lost at halftime.
“If they won they are champions, for all the fans it would be like death,” said Pogba.
“To lose against City and to see them celebrate, I couldn't let that happen.
“After a second-half like this, we have to do that all the time. If we did we would be up there with City, and maybe even in front.”
Guardiola kept his pre-match promise to prioritise Tuesday's Champions League quarter-final second leg against Liverpool with City needing to overturn a 3-0 first leg deficit.
Kevin de Bruyne, a leading candidate for player of the year awards, was left on the bench alongside Gabriel Jesus and City's all-time top goal scorer Sergio Aguero.
City's Abu-Dhabi owners have splashed an estimated 878 million euros over the past decade to assemble a squad that has tilted the balance of power in Manchester from red to blue.
Kompany was one of the Emiratis' first purchases, and he was a fitting scorer on what seemed destined to be a historic day.
The Belgian outmuscled Smalling to power home Leroy Sane's corner on 25 minutes.
Five minutes later City doubled their lead in a style that has characterised their season as Gundogan brilliantly turned onto Raheem Sterling's pass before slotting into the far corner.
City should have been out of sight by halftime as Guardiola screamed in frustration after Sterling fired two glorious chances well over the bar.
Like the rest of his teammates, Pogba was overrun in the first 45 minutes, but came alive to slot home from Ander Herrera's cushioned pass with his chest to get United back into the game eight minutes after the break.
That goal was the first Mourinho's men had scored away from home against top-five opposition in the Premier League all season.
And they soon had two in two minutes when Alexis Sanchez picked out Pogba's late run into the box and his header beat Ederson low to his right-hand side.
City's Champions League hopes were likely ended by conceding three times in 19 minutes at Anfield in midweek.
And United took just 16 minutes to complete an incredible turnaround when Smalling capitalised on some slack City marking to turn home Sanchez's free-kick.
In 2015, BMW Group announced a R6 billion investment into South Africa in order to prepare BMW Group Plant Rosslyn for the BMW X3 production. Last week was the culmination of three years of hard work and planning resulting in production starting on time in Rosslyn.
Ensuring that production follows demand
The BMW Group assigns production to its facilities around the world on the basis of various factors. Demand for BMW’s X-derivative models has grown to more than 30% of worldwide sales since the launch of the first BMW X5 in 1999.
BMW Group Plant Rosslyn was assigned production of the new BMW X3 on the basis that demand exceeds the capacity of the group’s plant in Spartanburg, South Carolina. This change has secured the future of Plant Rosslyn as well as the livelihoods of thousands of people at facilities and in the supply chain.BWM Group Plant Rosslyn was the first plant built by the BMW Group outside of Germany. The plant built the BMW 3 Series for 35 years, manufacturing a total of 1 191 604 units during the period, and increasing production with every model. With a planned maximum capacity of 71 000 units of the BMW X3, which was later increased (with an additional R160m investment) to 76 000, BMW Group Plant Rosslyn has the opportunity to flexibly match volumes to demand, and to build more cars than ever before.
Tim Abbott, CEO of BMW Group South Africa and sub-Saharan Africa, says the successful ramp-up of production of the BMW X3 at Rosslyn is a vote of confidence in the country and in BMW Group South Africa’s associates.
“The allocation of production of such a crucial model to our plant is about as big a vote of confidence as it gets,” Abbott says.
“The demand for the BMW X3 globally is powerful, and ramping up on time and to the right standards is vital to the model’s success.
“I have full confidence in our associates and plant management at Rosslyn. This is the team that won the coveted JD Power Platinum award in 2015, showing that a South African plant can lead the world in terms of quality.”
A critical time for BMW Group South Africa
BMW Group South Africa is proud of its progress in terms of localising production of as many components as possible for the BMW X3, which makes this model the most “local” vehicle it has ever built. Equally, BMW Group is a leading participant in a proposed venture fund to develop more black-owned suppliers in the South African automotive supply chain.The BMW X3 was the car that launched the mid-size SAV (Sports Activity Vehicle) segment in 2003. Since then, BMW has recorded more than 1.5 million new registrations of the X3 across the two model generations so far.
Since the global launch in the last quarter of 2017, the new BMW X3 is set to write the next chapter in this success story with an even more striking, dynamic design language, powerful yet also efficient drive systems and luxurious appointments. Like all members of the successful X family, it blends standout driving qualities on any terrain with unrestricted everyday usability. -QuickPic
However, there is hope that with the recent rainfall over the past weeks the grazing and water situation is expected to improve, especially in regions where livestock is dependent on rainfall water.
According to the Crop Prospects and Food Security Situation Report grazing conditions are very poor in the south and west of the country.
Grazing in the //Karas Region ranges between critical to poor with the Bondelswarts communal area and Warmbad townlands the worst affected.
In the Aroab area, the grazing status was is in a fair state, but the quality is still poor, the report says. The northern, eastern and western part of Berseba received fairly good rainfall for the past three months and grazing has improved.
Due to poor grazing in the southern region, most commercial farmers are supplementing their livestock with licks and fodder. “This is said to be a challenge due to a number of emerging and resettlement farmers who are unable to provide supplements to their livestock.”
Livestock in the //Karas Region are reported to be in a poor condition, especially in the communal areas, but fair in the commercial area due to supplement efforts by the farmers. In Helmeringhausen and most parts of the Berseba area, livestock are reported to be in a fair to good condition due to better rainfall received in these areas when compared to the rest of the region.
The region has also reported few cases of livestock mortalities in the communal areas of the Karasburg constituency as a result of poor grazing and in the commercial area due to plant poisoning.
According to the report, water availability is a major concern in the region especially in the communal area. Livestock in the region is highly dependent on boreholes as the main water source, but the water table has significantly dropped.
Meanwhile, in the Hardap Region, livestock are in a poor to fair condition in most parts of the region, but in a very poor condition in the Maltahöhe area.
Livestock mortalities were also reported in Maltahöhe as a result of poor grazing and water shortages.
Aranos, Maltahöhe, Hoachanas and Gochas are the most affected by poor grazing in the region while Amperbo and Vlakplaas in the Kalkplato area reported critical grazing conditions. As a coping mechanism most farmers in the Maltahöhe area have heavily reduced their livestock numbers in the past years due to the adverse effects of protracted drought conditions in the area.
The boreholes are also yielding good levels of water and farmers have to track their already weak livestock for long distances in search of water.
Moreover, with the current rainfall received, some water catchment areas are filled up, but water levels have already subsided due to high temperatures.
Grazing in the Erongo Region ranges between very poor to poor in the communal areas and fair to poor in the commercial areas. Farmers are worried that the situation may get worse if no further rainfall is received for the reminder of the season. Livestock conditions range between poor and fair, while water is available in boreholes and no serious cases of water shortages have been reported in the region.
However, the report says due to poor grazing, many livestock are expected to die if no good rainfall is received in the next months.
Poor to very poor grazing conditions were also reported in most parts of Omaheke Region and many livestock are reportedly facing severe drought conditions this year.
Grazing in the Kunene ranged from very poor to poor in the entire region except in the Outjo area where was fair to good.
In the Otjozondjupa Region, grazing improved slightly during January, following some few showers received and was in a fair state in most parts, except Okakarara and Gam constituencies where poor grazing conditions were reported.
Cases of livestock mortalities were reported in the Okakarara constituency as a result of poor grazing. Most of the water catchment areas had little water during the assessment period and was not enough to sustain livestock for a long period of time. It was also reported that grazing conditions are extremely poor in Ovitoto.
The Kunene and Omaheke regions reported very poor to poor livestock body conditions with livestock mortalities expected in Omaheke. The situation is however said to be better in Outjo in Kunene because of better rainfall received in that area.
Meanwhile livestock conditions in the north-eastern part of the country was reported to be good, following good grazing reported in that area.
Water supply was reported to be satisfactory with rivers, streams, boreholes and ponds being the mains sources.
Grazing in the north-eastern part of the country is said to be much better than the rest of the country given the relative better rainfall conditions received in that area.
Poor to good livestock conditions were reported in most of the north-central regions with the extreme eastern part of Oshikoto and Ohangwena and most of Omusati reporting good grazing.
Namibia is the first African country to export beef to China, which will also import seafood, mutton and grapes from Namibia.
The protocol was signed during President Hage Geingob's state visit to China.
According to the minister of international relations, Netumbo Nandi-Ndaitwah, this is a huge opportunity for farmers to increase their production to serve a market that has a population of 1.4 billion people – more than the entire African continent.
China currently imports beef from the USA, Australia and the Netherlands.
“Now that we have a market this large, farmers must be innovative and expand by planting more grazing, expanding their herds and employing more people (sic),” the minister said.
Agriculture minister Alpheus !Naruseb said he hoped the exports could start this year and that the ministry would do everything in its power to be ready.
An export agreement was signed in 2011 already and in 2016 Namibia became one of the first countries to be approved for exporting beef to China.
However, the deal was short-lived when only two months after the agreement there was an outbreak of lumpy skin disease in Namibia.
Under the agreement, beef exports must be suspended for at least a year if a livestock illness such as lumpy skin or foot-and-mouth disease breaks out.
From 2016 to the first half of 2017, there have been lumpy skin disease outbreaks in the FMD-free zone of Namibia, notably in Otjozondjupa, Kunene and Omaheke.
These outbreaks were contained by means of vaccination campaigns and were declared over in May 2017.
Late last year Namibia and China agreed to remove the lumpy skin disease condition from the agreement.
Japanese online broker Monex Group said Friday it would buy virtual currency exchange Coincheck, which was hit by a massive hack that saw thieves steal hundreds of millions of dollars in virtual currency.
The decision came after Coincheck refunded more than US$440 million to its 260 000 customers who lost their holdings of NEM, a leading cryptocurrency, following the hack.
Monex said in a statement it will acquire all of the 1.78 million shares of Coincheck for 3.6 billion yen (US$34 million).
Japan's Financial Services Agency last month ordered five cryptocurrency exchanges, including Coincheck, to make improvements to their business operations, while slapping two exchanges with suspension orders.
Japan is a major centre for virtual currencies and as many as 10,000 businesses in Japan are thought to accept bitcoin. – Nampa/AFP
Samsung Electronics flags record profit
Samsung Electronics flagged Friday a first-quarter operating profit of 15.6 trillion won (US$14.7 billion), a record for any three-month period, as it benefited from soaring demand for its memory chips for mobile devices.
Sales for January to March are expected to reach 60 trillion won, the world's largest maker of smartphones and memory chips said in an earnings forecast.
This marks the fourth straight quarter in which the South Korean tech firm has beaten its record operating profit.
First-quarter operating profit was up nearly 60% from the same period a year ago, while sales jumped by 19%.
The South Korean company has seen profits soar over the past year thanks to solid demand for memory chips for mobile devices, which has helped offset shrinking profits from its own mobile production. – Nampa/AFP
Monsanto misses profit estimates
Monsanto Co on Thursday reported weaker-than-expected earnings for a second straight quarter, saying its corn business dropped as US farmers planted fewer acres this spring, while low crop prices continued to drag the sector.
The world's biggest seed company, in the process of being acquired by Germany's Bayer AG, missed analysts' quarterly profit estimates. Weakness in the corn business also was due to timing, as a cold spring in the United States delayed seed shipments, said Bernstein senior analyst Jonas Oxgaard.
Sales in the corn seeds and traits business dropped 6.2% to US$2.72 billion during the second quarter ended Feb. 28. Soybean business sales rose 6% to US$912 million, Monsanto said.
The results come the day after China slapped an aggressive 25% retaliatory tariff against US soybeans.
Monsanto said it was "optimistic" the Bayer deal would close, and added that the companies have seen "solid progress."– Nampa/Reuters
Roche seals takeover of Flatiron
Swiss pharmaceutical giant Roche on Friday said it has completed its acquisition of US oncology data leader Flatiron Health, a tech upstart that has runs a huge platform of cancer patient records.
Under the deal, biotech leader Roche will buy Flatiron for US$1.9 billion, according to a statement from the Swiss group, which already owns 12.6% of the US company.
Based in New York and with an office in San Francisco, Flatiron says it runs a huge platform with over two million patient records available for research by specialists, with over 2 500 oncology practitioners who use its data.
The platform is designed to allow cancer experts to come up with more personalised treatments for their patients.
The group's founders, Nat Turner and Zach Weinberg, created Flatiron after Google bought their previous company. – Nampa/AFP
BlackRock to exclude Walmart over guns
BlackRock will block Walmart and other large retailers that sell guns from some investment vehicles in response to rising demand from socially minded clients, the giant asset manager announced Thursday.
BlackRock said a number of new funds will screen for major gun retailers as well as gun manufacturers. The company also plans to review several existing equity and bond exchange trade funds.
The aim is "offering our clients more choice of products that exclude firearms manufacturers and/or retailers," BlackRock said Thursday.
The announcement is the latest in the wake of public clamour for action on guns following a February 14 school shooting in Florida that left 17 people dead.
BlackRock said the new policies were in keeping with a pledge last month to meet the needs of clients who do not want to invest in firearms. – Nampa/AFP
The President of the National Paralympic Committee of Namibia, (NPC) Johannes Litwayi, is happy with the way the country's para-athletes are performing, but also highlighted the poor funding the disabled athletes receive and said they could achieve more, if properly funded.
Namibia's para-athletes have been performing above par in recent years, with many returning with a growing kitty of medals from international competitions.
Athletes like Johanna Benson, Ananias Shikongo, Johannes Nambala and Lahja Ishitile have stamped their names in record books after winning competitions nobody thought they could.
However, over the past years the athletes have raised the issue of a lack of proper funding to prepare and perform at international competitions.
The complaints have fallen on deaf ears, even though the athletes are hailed as sporting heroes across the world.
To get a clear idea and his views on what is happening in the Paralympic sphere, Namibian Sun sat with Litwayi who represents these athletes and has made it his goal and agenda that the athletes receive the much-needed support from the ministry of sport, as well as the corporate world.
Litwayi started off as a short put, discus and javelin athlete back in 1987. He said he broke records in those disciplines nationally and was celebrated by many sport lovers.
In 1988/89 he moved to Ongwediva, where he played football for Benfica FC and thereafter also tried his hand at boxing, winning numerous contests.
He noticed there were many talented boxers in the area but few mentors and coaches, so he decided to open his own academy where he trained boxers from different schools in the area.
However, his participation in able-bodied sport came to an end one fateful day back in 1989. He was involved in a bombing accident after he attended a meeting held by Founding Father, Dr Sam Nujoma, at Okatana in Oshakati.
“On my way back to school from the meeting I was maimed by a bomb planted by the former South African army. I lost my legs and became disabled.
“After that it was difficult to find clubs which catered for disabled athletes, but in 2009 I took the opportunity presented and joined Paralympic sports.
The eager Litwayi participated in javelin and powerlifting.
“In 2013 I took part in international games in Pretoria, South Africa were I took the gold medal in powerlifting.
“Things really started to look up for me and because of my involvement in Paralympic sport and activities regionally. In June 2015 I was elected as the president,” he said this achievement came as a result of his leadership skills.
“I deal with a lot of people every day. I make sure that I satisfy the needs of people and the athletes I represent,” Litwayi said.
According to him some of the changes he brought into the organisation are identifying athletes from grassroots level and then developing them regionally, nationally and internationally; and also visiting various regions to set up sport committee's to represent para-athletes.
“That has been my focus - to seek and train disabled athletes because I want to see more of them competing in swimming, blind soccer, table tennis, wheelchair basketball and we are working on increasing the number of T40 athletes to be expanded across the country.
“All of this we first do regionally before we send the athletes to the head coach in Windhoek for international game preparations,” he explained.
His vision is clear and sound, however, he receives little support from the Namibian government to meet the targets set out.
“There is an agreement between the United Nations and the Namibian government stipulating that people with disabilities be treated equal with able-bodied athletes. But that's not happening. What we receive in resources is not close to what able-bodied athletes get. This results in us not achieving our targeted goals.
“So even if we win more medals we receive less appreciation compared to other countries like South Africa. Around here, people are not interested in supporting Paralympics.”
Litwayi added they don't have a strong body which represents them and that fights for their rights, in order for them to receive more money from the government.
“Thus we don't get equal funds like able-bodied athletes and other sport codes in the country.”
This, he said, frustrates him a lot.
“Last year millions of dollars were availed for able-bodied athletes to prepare for international games, but Paralympic athletes received nothing.
“The ministry of sport as well as some sponsors such as Coca-Cola, NamPower and FNB offers us support but it's not enough.
“The ministry of sport arranges funds for para-sports through the sport commission, but I don't think they understand the needs of the para-athletes. For example the athletes need special attention and more guidance,” he lamented.
However, despite the lack of funds he said the secret to their success is just preparations and commitment from the athletes and their coaches.
“We are just committed to the cause, but if we could have enough funds and facilities we could inspire and motivate more athletes and their parents to send the children to us to train and represent the country nationally and internationally.
“Many people ask if I experience difficulties working with disabled athletes, but I don't. It is not difficult or different because I'm also disabled and was an athlete so I understand where they come from.”
Going forward he wishes that more coaches can be trained on how to best help para-athletes regionally.
“We also need equipment and enough funds to prepare and send our athletes to more international games, so they can pick up experience to compete in the 2020 Tokyo Games.
“We want to send a lot of athletes in different sport divisions so that we can win more of medals because we have shown that we are able,” he added.
This year's expo, which will run from 27 April up to 5 May, takes place under the theme 'Embracing economic growth through entrepreneurship'.
FNB Namibia made the highest pledge of N$60 000 followed by Emirates Construction and MTC with pledges of N$50 000 and N$30 000, respectively.
The total amount of money pledged was N$485 300.
The fundraising event was graced by the presence international relations minister Netumbo Nandi-Ndaitwah, urban and rural development minister Peya Mushelenga and deputy mines minister Kornelia Shilunga. Nandi-Ndaitwah, who was the keynote speaker, commended the Ondangwa town council's developmental efforts, especially in terms of attracting investors that focus on manufacturing.
“I commend the owners of these businesses for bringing closer the idea of making Namibia a manufacturing economy, as envisioned in our national developmental plans and industrialisation policy,” Nandi-Ndaitwah said. Regarding the expo, she said the town council is creating a platform for corporates and businesses to showcase their products and services, while creating business networks.
“The dynamic of the exhibition has also changed, to the extent that it is no longer concentrating on being an exhibition, but an element of being a business forum and networking has been introduced,” she said. Nandi-Ndaitwah also stressed the necessity of wealth creation and economic growth, which she said results in job creation and poverty eradication.
Town council CEO Ismael Namgongo said the expo exists with the purpose of raising funds for council, while creating a platform for businesses and manufacturers to market their products and attract investors to the town.
“The overall purpose of the expo is to give impetus to business and trading activities and stimulate economic and industrial activities in and around Ondangwa. As such, we consider this event to be one of the significant processes aimed at contributing to the development efforts of our beloved country,” Namgongo said.
Oshana governor Clemens Kashuupulwa said he is proud of the Ondangwa town council and its stakeholders for developing the town and attracting investors.
He also used the opportunity to say that political detractors who are of the opinion that Ondangwa will turn into a ghost town are being proven wrong by the efforts of the town council.
“I always have trust in the leadership of Ondangwa town and its residents for their capacity to explore all potentialities to speed up the developmental process of this beautiful town and thereby discouraging our political detractors, who have been dreaming Ondangwa becoming ghost town,” Kashuupulwa said.
Eenhana is among the four 2018 Namibia Town of the Year (NTY) competition finalist.
In an interview with town council CEO Walde Ndevashiya, he said the local authority remains committed to its mandate, which is to deliver services for its residents and develop the town to complement government's national development goals and policies.
Ndevashiya said since council started with its public-private partnerships (PPPs) in terms of land serving and strengthening ties with developers, the pace of constructing houses has increased and hundreds of landless people are now homeowners.
In terms of affordable houses, Ndevashiya said realistically a house costing between N$200 000 and N$300 000 is for low-income earners, while adding that if one looks at the prices of a standard house in other towns, they start from N$400 000 upwards.
It is from this point of view, Ndevashiya argues, that Eenhana is constructing houses at affordable prices.
“We are working with the developers to address the issue of housing, which is a national issue. As council we are making sure that our people are getting houses at an affordable price, depending on their income group,” Ndevashiya said.
He said at Ekolola, which is situated in the northern side of the town, council is busy servicing land for the low to middle-income group, where about 400 plots have been serviced.
However, due to limited funds, electricity services have not been commissioned as yet.
He pointed out that strides have been made to have the electricity services commissioned, so that people who have applied for plots are able to receive them.
“If you go there, we have serviced 400 plots, where we have constructed the roads, put up sewerage services and a water pump station. We only need to install electricity,” Ndevashiya said.
The town of the year team will be in Eenhana tomorrow and residents are welcome to engage with them.
A tax treaty only applies when countries tax the same income for a specific taxpayer. When no tax treaty exists between countries, and both countries are taxing the same income for a taxpayer, it means that the taxpayer will have to pay tax in two countries on the same income.
A DTA determines which country will have the right to tax income, to avoid the potential double taxation. The taxing right is normally determined by considering the nature of the income, the source of the income and the specific circumstances.
In addition to protecting residents against double taxation, treaties provide for cooperation in tax matters between the countries.
DTAs provide crucial benefits for multinational groups of companies. Some of these are:
• double tax treaties often give relief in the form of lower withholding taxes;
• it allocates profit to a permanent establishment in a way that does not create double tax on branch profits; and
• provide procedural frameworks to apply double tax relief and resolve disputes.
Namibia currently has DTA’s with the following countries:
• Russian Federation
• South Africa
• United Kingdom
It is crucial to consider DTA benefits when concluding transactions between Namibian and foreign entities as the implications should be factored into the planning of the Namibian entity in terms of tax due under a different jurisdiction.
It is important that any structure that makes use of DTA relief has a commercial basis. If a transaction is only structured through a treaty country to obtain a tax benefit, the transaction may be disregarded for tax purposes by the Revenue Authorities. This is commonly referred to as “anti-treaty shopping”.
A tax treaty cannot create a tax charge – i.e. if no tax is due in the country, the tax treaty cannot impose a tax. There must first be a determination of whether tax is due. Once that has been established, the taxing rights will be allocated in terms of the agreement.
For example, Namibia may be able to tax interest paid to non-residents at 10%. If there is no tax due under domestic law, the treaty itself will not create a tax charge.
*Johan Nel is a partner: corporate tax service at PwC Namibia. His column will be published in Market Watch bi-monthly on a Monday.
Global watchdog Human Rights Watch on Thursday urged Zimbabwe to take urgent steps to stem child labour and other rights abuses on the country's tobacco farms.
In a report titled "Bitter Harvest", the HRW revealed that children as young as 11 were working on tobacco farms, often in hazardous conditions, to earn school fees or supplement the family income.
Workers were exposed to nicotine and toxic pesticides and suffer symptoms consistent with poisoning such as nausea and vomiting, it said.
"Zimbabwe's government needs to take urgent steps to protect tobacco workers," said Margaret Wurth, co-author of the Human Rights Watch report.
Seasonal workers on some large-scale farms said they were pushed to work excessive hours without overtime and forced to go weeks or months without pay.
Tobacco's importance to Zimbabwe's economy cannot be underestimated, it is the largest foreign currency earner after gold.
Last year the country realised $900 million from tobacco exports mainly to China and Indonesia, according to the tobacco industry's marketing board. – Nampa/AFP
Tanzania launches power plant in bid to ease shortages
Tanzania launched a power plant last week with a capacity of 240 megawatts (MW), part of a plan to end chronic energy shortages in East Africa's third-biggest economy.
The natural gas-powered Kinyerezi II plant, which began operating on Tuesday, was built on the outskirts of Tanzania's commercial capital Dar es Salaam by Japan-based Sumitomo Corp using combined-cycle technology for 798 billion shillings (US$353.72 million).
Eighty-five percent of the cost was covered through a loan from a Japanese bank, a Tanzanian presidency statement said.
It did not name the bank but Tanzanian newspapers said Sumitomo Mitsui Banking Corporation had provided the loan.
Last year President John Magufuli said the country needed to invest US$46.2 billion over the next 20 years to revamp its ageing energy infrastructure and meet soaring electricity demand.
Investors have long complained the lack of reliable power hurts business there. – Nampa/Reuters
According to tourism minister Pohamba Shifeta there are 2 600 unlicensed and illegal gambling houses in Namibia and approximately 20 000 illegal gambling machines countrywide.
Shifeta last week tabled the Gaming and Entertainment Control Bill in the National Assembly that proposes to regulate the gaming industry.
He said the new legislation will no longer allow the transfer of gambling house licenses from one area to another and therefore the practice of individuals buying gambling machines from others and placing them in various shebeens that do not belong to them will no longer be possible.
A gambling house licence will only be issued to the person who on an application conducts an accommodation establishment or retail liquor business.
Furthermore, the Bill makes provision for the maximum number of licenses per region.
According to Shifeta there are 260 licence holders in Namibia, which include six casinos and 254 gambling houses, while a total of 2 845 gambling machines are registered.
These include 1 145 gambling machines at casinos and 1 700 machines at gambling houses from which the gambling industry contributes N$22 million annually to the State Revenue Fund.
While motivating the Bill, Shifeta said the new legislation is necessitated by major shortcomings identified in the current Act, as per the Damaseb Presidential Commission of Inquiry of July 1997, as well as changes brought about by the globalisation of modern economies and the advent of new technology that affects the gaming industry.
According to him the findings of the commission were that there are too many gambling machines in the country, that the majority of gamblers are local people from the lower income sectors the society and that many tourists are primarily interested in natural and cultural attractions and not in gambling.
The commission also found that the monitoring and enforcement of gambling was not adequate and recommended an immediate moratorium on the issuing of new gambling house licenses.
Shifeta said the main objectives of the Gaming and Entertainment Control Bill is therefore to regulate gambling activities in Namibia and set out the principles for gambling and its activities.
Shifeta said the piece of legislation will not only ensure the strict regulation of the gambling activities, but it also has new provisions to protect members of the public who participate in these activities, as well as society and the national economy at large.
“We are also trying to ensure that the issuing of licenses in respect of gambling and gambling activities is transparent, fair and equitable.”
The Bill further provides for the establishment of the Gambling Board as and administrative body or agency of government, in line with the current law on gambling. The functions of the board are set out in detail and include the issuing of the various licenses and the overall supervision of the gambling industry.
According to Shifeta the Bill gives power to the board to establish and maintain a register of every gambling machine manufactured within or imported into Namibia, and to establish a central electronic monitoring system.
This system will be capable of detecting and monitoring significant events associated with a particular gambling machine or any device associated with it.
It is also capable of analysing and reporting data in accordance with the prescribed requirements.
Shifeta said the board must electronically link all gambling machines to the central electronic monitoring system and the licence holder must pay for the installation and related costs.
Shifeta stressed that hefty fines will be imposed or a person will face imprisonment if they are in possession a gambling machine and do not register it and link it to the central electronic system within a period of six to 12 months after the enactment of the legislation.
With only four games left to play in the 2017/18 MTC premiership, the three-time NPL champions are currently on 55 points while their nearest rivals Black Africa, who still have five games to play, are on 47 points. It was a do-or-die matter for both teams on Friday as relegation-threatened Civics needed the points to move themselves out of the danger zone, while Stars went into the game looking for the three points to put more pressure on the chasing pack.
It was a 50-50 game in the first half as not many scoring chances were created by the two Windhoek-based teams.
The half time score was 0-0.
In the second half, Stars coach Bobby Samaria made a few changes, replacing Marius Kotze and Engelhard Kahua with Obrey Amseb and Neville Tjiueza.
It took just six minutes for super-substitute Amseb to save the day for the league leaders. He displayed his individual brilliance by beating defenders and then unleashing a cracker of a shot that left Civics goalkeeper Edward Maova helpless in the 51st minute. A goal down, Khomasdal-based outfit Civics stepped it up a gear and had more of the ball possession, but their final touch let them down.
Civics brought in youthful player Junhino Jantze, who won possession on the left wing and in the midfield, but all his efforts were in vain as his teammates could not convert his endeavours into shots on target or goals.
The match ended with Stars extending their lead at the top. Their closest rivals, Black Africa, had a chance to narrow the gap back to five points when they took on Young African in Gobabis on Saturday at 15:00, but the match ended in a draw.
Speaking to the media after the game, Samaria said their aim since the start of the season was to be crowned champions. “The ball is currently in our own hands to drop. I am positive we are going to win this title, but it's important that we remain focused and continue getting the results, and then we will be crowned league champions,” he said.
Saturday's results were as follows:
Young African drew 0-0 with Black Africa, Young Chiefs beat Chief Santos 2-0, Eleven Arrows and Blue Waters drew 1-1, Mighty Gunners beat Rundu Chiefs 4-1, Orlando Pirates and Life Fighters drew 1-1 and Tura Magic was beaten 3-0 by Tigers.
Vice-President Nangolo Mbumba replaced Pohamba as chancellor last Thursday and was also awarded an honorary degree.
While swearing in Mbumba, Unam vice-chancellor Lazarus Hangula also used the opportunity to thank Pohamba for his stewardship of the institution.
“The outgoing chancellor has served the university with the utmost dedication, a sincere heart and sheer commitment to duty. He has been like a beacon of hope of light in a dark forest, guiding us through what has been perhaps some of the most challenging years in the existence of Unam.”
Hangula encouraged Pohamba to always return to Unam.
“Should you ever get bored, know that there are many young minds at Unam who would love to engage you at a public lecture,” said Hangula.
The outgoing vice-chancellor also used the opportunity to ask for more support for Unam from members of the public, the business community and government.
“I would like to plead with everyone to continue to support Unam. I plead with you all to ensure that Unam remains true to its promise of education, service and development. Support the university in any way that you can,” Hangula said.
Mbumba said he was humbled to be stepping into the shoes of his predecessors.
“I am stepping into the shoes of dignity and integrity, which they have walked in to establish and consolidate Unam into the premier institution of learning that it is today,” said Mbumba who swore to uphold the legacy of Pohamba and Founding President Sam Nujoma.
He also promised to build a good relationship with the current management and stakeholders in the education sector.
“I pledge to continue the legacy of my predecessors and look forward to a healthy and effective working relationship with all of you, including our stakeholders in the education sector, to execute Unam's mandate.”
Mbumba also used the opportunity to appeal for improved financial support for Unam and implored staff members to think out of the box, when it comes to addressing the institution's needs.
“Many of its programmes require funding of which government is the main source; the situation requires that we at Unam should wear our innovative thinking hats to present original solutions in our quest for quality education.”
Accepting his new role, Mbumba promised to make a lasting contribution.
“I am honoured to be Unam's third chancellor and commit myself, with your support, to make my humble contributions towards the positive development of Unam,” Mbumba said.
Pohamba said that he was leaving Unam in capable hands.
“As I leave office as chancellor of Unam, I do it with happiness and pride that I am handing over this responsibility to a person who has served our country and people in many capacities,” said Pohamba.
Nujoma expressed confidence in Mbumba's abilities.
“I have full confidence that with his stewardship and wisdom this great institution will grow from strength to strength. It is also my sincere hope that Dr Mbumba will get the support from staff and management, as well as the students of Unam,” Nujoma said.
Mbumba is no stranger to the academic world having previously served as minister of education from 2005 until 2010. Upon his return from exile in New York in the United States in 1978, Mbumba was head of the science department at the Namibia Education Centre in Kwanza-Sul, Angola. Mbumba holds a Bachelor of Science degree from the Southern Connecticut University, which he attained in 1971 during his stay in the US.
Hilde Noreses, who is employed at the ministry's tax revenue office in Otjiwarongo was charged by the ACC after allegedly trying to solicit a bribe from a taxpayer to write off outstanding tax payments due.
According to ACC chief of investigations and prosecution, Nelius Becker, the specific taxpayer approached Noreses about outstanding tax payments and was afterwards approached several times by the tax official about the penalty she had to pay. Becker said constant contact with the taxpayer gave an indication to the ACC that Noreses was trying to solicit a bribe and a trap was set for her.
He said Noreses allegedly asked for a bribe of N$50 000 beforehand and N$40 000 afterwards to write off the penalties on the outstanding tax. She was arrested last week and made her first court appearance on Friday.
Otjiwarongo control prosecutor, Lewis Chigunwe, confirmed to Namibian Sun that the case was before the courts.
He said that charges under section 34 and section 35 of the Anti-Corruption Act had been laid against Noreses. According to him these charges pertain to soliciting a bribe and using her office to gain benefits for gratification.
The case was postponed to 21 August for further investigation. Noreses was released on N$15 000 bail that was paid on the same day.
Becker added that Noreses was very careful in her communications with the taxpayer, thereby limiting her exposure, which gives the indication that she has done this before.
He urged other victims to come forward with information and said the ACC can provide indemnity in light of the information provided.
The new Namibia Rugby Union (NRU) board was elected on Saturday at the Annual General Meeting in Windhoek.
Corrie Mensah was elected as president, while president for governance is Etienne Coetzee and the vice-president for rugby is Ivan Gaya.
Hardap rugby will be represented by Johan Ockhuizen, Khomas by James Camm, Auas by Edwi Coetzee, the south by David van Kradenburg and the west by Chandler Plato.
The northern board member post is still vacant.
Jacky Husselman is in charge of the Namibia Rugby Referee Society (NRRS), while Namibian Secondary Schools Rugby (NSSR) will be represented by Abie van Wyk, the Tertiary Institutes Sports Association of Namibia (TISAN) will be led by Werner Jeffery and Corné Powell will be in charge of the Namibia Rugby Players Association (NARPA).
A Reuters poll of 30 strategists taken April 3-5 showed the rand is expected to remain mostly resilient against the US dollar, around 11.93/US$ by end-September, and to slip slightly to 12.13/US$ by this time next year.
The currency began the year at 12.40 per US dollar.
“What has been driving our rand forecast is that the emerging market fundamental backdrop still looks strong, particularly the interest rate and growth differentials,” said Mike Keenan, strategist at Absa Capital.
“That should help the rand sustain this year's gains.”
But he said getting some clarity on how much further tensions between US President Donald Trump's White House and China on trade will escalate is the wild card.
A back-and-forth dispute between the United States and China, the world's two biggest economies, over free trade has triggered a market sell-off that has marred what is an otherwise a brighter economic and political outlook for South Africa.
South Africa's economy grew more than anticipated at the end of last year, with growth expected to rise to 1.6% this year from 1.3% in calendar 2017.
The South African Reserve Bank cut interest rates by a quarter of a percent to 6.5% last month, but will likely keep them there through next year.
“That, coupled with strong equity inflows and an improving domestic growth outlook, underpins our constructive view on the currency,” added Absa Capital's Keenan.
South Africa has been riding a wave of optimism since President Cyril Ramaphosa took office earlier this year, while the country withstood a credit rating downgrade by Moody's late last month that could have triggered forced bond selling.
Last month's survey had predicted the rand would weaken more than 4% in 12 months as investors start to take profits from an over-bought currency on doubts of how much Ramaphosa can achieve in implementing reforms.
Namibian athletes won 15 medals on the opening day of South Africa's disability sports championships last Saturday, and a day later they added a further 21 medals to their rich treasure chest.
The competition was an opportunity for the athletes to be classified into different disciplines, as well as to prepare them for the 2020 Tokyo Paralympic Games qualifiers.
The athletes showed the world that disability is nothing and that they too can break records and deserve to be mentioned and applauded just like able-bodied athletes.
At the end of the event the athletes had collected 44 medals in total, including 38 gold medals, five silvers and one bronze in track and field events.
Now, you see why this needs to be mentioned.
The athletes left a great mark in the Free State, and the Namibian team received many requests from other countries that competed in the event to train in Namibia.
There is something special that the coaches are doing with these athletes and it is truly a shame seeing them running around seeking funds to compete at international competitions and to make their dreams a reality.
Why should Olympians beg the nation for funds to compete?
Should we offer them funds without being asked? We need them, and not the other way round.
It's sad, but it is the truth. We have able-bodied athletes who despite the laughable national sports budget receive money to compete. They receive a large share of the funds, but for what?
Some don't even break a sweat before they exit competitions and return never to be heard of again.
But for the last years, para-athletes have shown they are the real deal and we should surely not take them for granted, because not only so we have likes of Johanna Benson, the first Paralympic gold medallist in Namibia's history, but others have shown us all that anything is possible with the right support and vision from the people who are supposed to lobby for these athletes.
When the golden girl stood on the podium to receive her medal, the whole Namibia applauded and hailed her, but now we forget who she is and what she stands for. She made ensured that the whole world knew where the Land of the Brave is. Yes, she received a house from the government as appreciation, but does it end there?
We are a nation suffering from memory loss. We are a nation which fails to capitalise on what we have.
We have a niche in Namibia, and that niche is Paralympic athletes. Why don't we nurture what we have? Why don't we polish them and make sure they shine brighter than anything we have ever seen?
We are so laid back - we don't invest in the quality we have and we certainly don't help each other. There are many countries in the world trying to develop athletes who they think can be their crowning glory, but we always look to the same thing, expecting it to blossom.
We keep investing in old athletes, who have passed their prime. We send athletes over the age of 20 to international training camps. You cannot fix a branch that has already broken.
You need to straighten when it starts to bloom.
What we need to do is to groom athletes young. Give them proper nutrition and bring in experts to help them follow the right path.
This is basic information for anyone involved in sport. Really, what then are we doing?
If we cannot produce quality sprinters after Frank Fredericks, let us groom what we have – our para-athletes.
Let's provide better programmes to assist the likes of Michael Hamukwaya. Let's make resources available to these athlete. Let's ask them what they need without being asked. Let's not treat these athletes like they are our stepchildren, because if we do, we lose. Think about it.
//Karas Region, defeating Black Cheetahs 3-0 in the final last week.
The Henno Memorial Cup, held in memory of Heinrich Albertus 'Henno' Rooi – a former Black Cheetahs player who died in 2016 in a fire – attracted 10 teams in total.
En route to winning the cup, Celtic defeated Brazilian Chiefs from Aroab 3-0 in the first semi-final, while Black Cheetahs beat Black Arrows 1-0 to reach the final.
The final saw Celtic's Rodler Gertze opening the scoring, before Rudolf Witbooi and Paulus Mwaikange all but ended any hopes of a Cheetahs comeback.
Celtic received N$10 000, 25 gold medals and a trophy for their efforts, while Black Cheetahs walked away with N$5 000 and 25 silver medals. Black Arrows and Brazilian Chiefs each received N$2 500 as losing semi-finalists. Aroab is situated 166 kilometres southeast of Keetmanshoop on the C16 gravel road.
The new site is planned for opposite the Western Bypass in the Rocky Crest suburb.
Giving an update on the state of the City's cemeteries, spokesperson Scheifert Shigwedha said this does not mean there is cause for concern, as there is sufficient burial space for the time being.
The Rocky Crest cemetery will be developed in phases and will be completed in five years. The developed parts of the cemetery will be utilised, so there is no cause for concern at all, he said.
The City has previously said the design of the master plan will follow soon and the environmental impact assessment of the new cemetery is already underway.
“It is estimated that the Gammams cemetery will reach its full capacity within the next two to three years and due to the double burial system currently used by the City this will prolong the lifespan of the cemetery,” Shigwedha said.
According to him, the new Oponganda cemetery extension will accommodate most of the burials within the next five years.
Shigwedha encouraged family members to apply to re-use old family graves, which are 30 years and older, as this is allowed by the City. It is compulsory in all City cemeteries that all graves are dug to such a depth that they can accommodate two human remains from the same family. “The re-using of old graves, which are 30 years and older has been ongoing for a long time, upon request from families wanting to re-use graves for the same family members, and it is not because the City has run out of burial space, but it is an available option,” Shigwedha said.
The City will also sensitise black communities to consider cremation as an option for their departed loved ones, Shigwedha said.
“A lot of education has been done and is in the pipeline, to sensitise the black community concerning cremation, and also cremation is financially feasible method,” he said.
There are three cemeteries in operation currently. To qualify to be buried at the Old Location cemetery, an individual must have been born in 1950.
NCCI northern branch chairperson Tomas Iindji said it is concerning that government offices, agencies and ministries were allowing their officials to make use of the services of other airlines instead of prioritising to fly Air Namibia.
“Government employees and officials are using some other airlines as opposed to using the services of our national asset; this is wrong,” said Iindji.
“In the framework of the Public Procurement Act, there should be a directive that all employees of government use Air Namibia as the first preferred choice whenever they are travelling.”
In a letter addressed to finance minister Calle Schlettwein, the NCCI said it was also saddened by media reports about a possible collapse of the national airline. Despite receiving financial lifelines from government to stay in business over years, Air Namibia is still struggling with growing losses and a troubled business model. The management has attributed the troubles at the national airline to insufficient cash flow, a lack of annual reporting and a lack of confidence by domestic banks and financial lenders. The NCCI believes the national airline has the potential to break even, if it is properly managed.
“It becomes difficult to demand for improved performance and complete accountability under normal circumstances, if the airline is operating without a substantive head of institution,” Iindji said. Mandi Samson remains the acting managing director of Air Namibia since 2015, when she took over from Rene Gsponer. The acting MD's contract is renewed every six months, which NCCI finds unacceptable.
“How do you expect the person and institution to perform under such circumstances? The sustainability of Air Namibia to remain a going concern needs to be addressed by not only the shareholders but also by key stakeholders like NCCI members, sister organisations such as Namibia Airports Company and individual travellers, as a matter of urgency,” Iindji said. The poor airport infrastructure in the country has also been criticised, with NCCI saying there is massive potential for air travel.
“The airline business requires expanded economies of scale. Let us as Namibia enable the airline to operate to its full potential by opening these airports.