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WINNING NUMBERSNEWS BUSINESS SPORT 11 2254608 54 4 2250568 54BON CONFIRMS GRN BUDGET NAM 10 2253099 54SME MILLIONS SHOWS THROUGH TO 6 2237474 54MISSING IMPROVEMENT PLATE FINAL 6 2244098 54 P 03 P 08 P16 REMINDER THESE 5 NUMBERS APPEARED IN LAST WEEK’S INFORMANTÉ. IF YOU HAVE ONE OF THE NUMBERS, THEN YOU ARE A WINNER.www.informante.web.na • 061-275 4700 Find us on Your Community NEWSPAPER • 06 July - 12 July 2017 • Edition # 588NEW TRUSTCO FRONTIERSFinancialresultsshine Trustco’sA-TEAM: From left, Floors Abrahams, Group Financial Director, Stienie van Rooyen, Dr Quinton van Rooyen, Trustco Group Managing Director and Quinton Upward Trendvan Rooyen Jr, Deputy Group Managing Director during the Trustco financial results presentation in Windhoek yesterday.  Photo Alwyn van Zyl Desmond van HeerdenNamibia and Namibians are at a cross roads where the path to future prosperity and environment for businesses towealth creation runs through austerity, good governance and fusion between the best flourish which can only be achieved FOLLOWING the Group Managing Directorof the private sector and government. when each of the pillars of society Dr Quinton van Rooyen’s Keynote at Trustco’s allow each other to be the best at Results Presentation, the Deputy Group Staff Reporter Leone picked themselves as new on assets on the back of N$1,2bil- what they are good at to establish Managing Director, Mr Quinton van Rooyen frontier for Trustco that never shies lion in revenue. and leave behind a legacy of a Jr, took to the stage to provide the assembledThe Managing Director of Trust- away from a challenge and we are greater future to look forward to. members of the media and industry analysts an co, Dr Quinton van Rooyen, very excited to make a huge success Dr Van Rooyen said although he overview of Trustco’s achievements over thelifted the veil on the future of and difference in the lives of many is proud of the excellent Trustco Dr van Rooyen said it is clear that past year.Trustco venturing into the West millions,” van Rooyen announced. performance that is only achieved wealth is concentrated in the handsAfrican State, Sierra Leone, and by the continuous loyal support of of government and foreign share- From the Insurance segment’s launched ofits legendary and underdeveloped Dr Van Rooyen warned that the its customers and suppliers who holders and Namibia should there- new products, to the scores of new studentsdiamond reserves to kick-start conspiracy of a contracting econo- stood by the company through good fore be focussed on unlocking the enrolled at IOL, and the launch of their voca-major development in the liberation my and a government of transfor- and bad times, he is more satisfied wealth of State-owned Enterprises tional training centers, Trustco’s establishedpartner who never wavered. mation is a unique opportunity not with staff and executives who left so that they can be the economic businesses remained active, even during an to linger at the cross roads and in- the company and became entrepre- engine they were intended to be. economic downturn. Quinton pointed out that “After considering the shared decisiveness, but to deliberately and neurs, wealth creators and employ- the Properties division had disposed of a morehistory and close ties with the resolutely combine the strengths of ers in their own right. “The private sector must also than 363 hectares of serviced land during theNamibian liberation struggle and government and the private sector shoulder the responsibility to last 5 years, with over 4000 hectares still left inthe development of the people of on the road of transformation and “It remains the vision and focus be profitable and pay taxes and the Land Bank.Sierra Leone, Trustco found many prosperity to all. of Trustco to innovate and increase accelerate the development of thesimilarities with its post-independ- the opportunities of wealth to all nation’s human resources,” he said, The Banking and Finance segment had raisedence business model that propelled He made his appeal to a packed Namibians,” he said. N$ 410 million in capital over the past year,Trustco into one of the most audience of investors, shareholders Dr Van Rooyen added: “If both and increased loans advanced by 54%, whilesuccessful and diverse companies in and customers of Trustco with the He challenged the government government and the private sector the Resources segment seems poised to startthe Southern African region.” official release of the annual results and private sector to combine their are world leaders at their respective generating revenues. He also introduced the new of the Trustco Group at the land- individual strengths and focus on functions as partners in devel- Media segment, which incorporates Trustco’s “The Trustco philosophy is built mark Hilton Hotel in Windhoek. improving the return on investment opment, and display exemplary Mixed Radio, the television unit, the newspaper,around people, the eradication of of the Namibian economy in order corporate citizenship in governance, as well as the various social media properties.poverty and the introduction of The Trustco Group announced a to reduce poverty and create em- the road to a bright future will beopportunities and services. Sierra profit of N$550million, 25% growth ployment for all. paved in gold. But, it will require Of particular interest was the ‘Van Wyk on earnings per share, 14% growth unity, stability and relentless hard family’, a prototypical Namibian family, and in net asset value and a 29% growth Namibians must support and allow work and commitment towards each their journey through life with Trustco, from government to create the enabling other.” their engagement via a Trustco resources diamond, through the SME and mortgage loans they would need to start a business and build a house in Elisenheim, to the ante-nuptial agreements Trustco Insurance provided, and the loans and educational facilities provided to their children. Quinton’s often humorous tale of their journey through life accentuated the fact that Trustco had a part to play for every Namibian – and the results presented by the Group Financial Director Floors Abrahams confirmed that fact. With 25% growth in earnings to N$ 530 mil- lion for the year, and revenues doubling over the last 5 years to N$ 1.246 billion, Abrahams pointed to a group that is clearly on an upward trend. Touching on the recession, he pointed out that while existing segments are affected by the current downturn, the group had a history of making almost prescient investments and acquisitions to ensure returns in spite of it. Highlighting the said acquisitions, with the resources segment awaiting a mining license for the Huso transaction to conclude, Abrahams showed how internally generated resources had to be used to grow the asset base, with only the current liquidity shortage in the Namibian mar- ket necessitating an increase in foreign funding. However, it remains a well-known fact that the proof, as they say, is in the pudding. Closing out with a review of the group’s share price growth over the past five years, Abrahams showed how Trustco had not only outperformed the General Financial Index on the JSE, but had in fact produced an increase of wealth of 254% for shareholders over that period. With results such as these, Trustco has once again provided the one-two punch that investors have come to expect.

2 NEWS 06 July - 12 July 2017 Pregnant teen stabbed seven times by boyfriend American fails in judge’s recusalMOTHER RECALLSCHILD'S MURDER Eba Kandovazu the counts against him, that he acted, that his intention was in accordanceA mother on Tuesday took the stand at the Windhoek AN application filed in the Windhoek with an appreciation of the wrongful-High Court to narrate the gruesome events that took High Court by one of the Americans ness of his actions and that because heplace on the day her 15-year-old daughter was allegedly implicated in the murder of André had been found to have acted, the Statemurdered by her then 19-year-old boyfriend at Marien- Heckmair to have presiding Judge need only proceed with establishing histal in 2012. Christie Liebenberg off the case has intentions. been dismissed on Monday, 3 July. Eba Kandovazu warned by the police to stop as- HORRIFIC: Charles Swartz. In delivering the judgement, Judge saulting the deceased. On the night Photo: Eba Kandovazu Marcus Thomas, through his lawyer, Liebenberg said that Thomas had failedThe deceased was pregnant at the she was murdered, Swartz allegedly Kadhila Amoomo, last month applied to show on a balance of reasonable time of her death and the suspect, went to Sara’s parent’s house, called had not applied for a protection for the recusal of Judge Liebenberg, apprehension that he (judge) will notCharles Swartz, now 24, was said to her outside and stabbed her at least order from Swartz constituted to following an order he made last year bring an impartial mind to bear on thebe the father of the unborn baby. six times. the fact that there was no danger that Thomas was fit to stand trial. adjudication of the case. imposed on them by him. Lena van der Westhuizen, 40, tes- The wounded Sara then allegedly The judge’s decision was based on “The reasons for the aforesaidtified that upon finding her daughter, ran into the house for safety. The Lena informed Judge Siboleka that reports conducted by two psychia- application are insignificant, unmer-Sara van der Westhuizen in a pool of State is further alleging that the sus- she had forgiven Swartz and holds trists, Professor Tuviah Zubow and Dr itorious and failing short of meetingblood, she fainted and was taken to pect threatened the deceased’s aunt no grudge against him because he Reinhardt Sieberhagen, who concluded established requirements. Hence, forthe hospital where she was kept for and stabbing Sara one more time in had tendered an apology to her. that Thomas was indeed fit to stand trial the presiding judge to recuse himself intwo weeks. the neck. and suffered no mental illness. A psy- these circumstances and without sound The trial continues in the High chologist, Dr Willem Annandale, also reason would not be in the interest of Swartz faces charges of murder, Post-mortem results indicate that Court and the State is represented by concluded that Thomas was fit for trial. the administration of justice,” Judgeassault with intent to do grievous Sara died as a result of multiple stab Prosecutor Dominic Lisulu. Liebenberg said.bodily harm and assault by threat wounds to her neck and chest. The Thomas claimed to have suffered ain that he killed Sara and allegedly deceased’s mother testified that the neurocognitive disorder after his failed It was then ordered that the applica-assaulted her various times prior to evening her daughter died, she and jail-break attempt in 2014n that left him tion be dismissed and the matter washer death. Swartz pleaded not guilty a few family members went to the hanging upside down from a barbwire remanded to 17 July for the start ofto the charges against him. accused’s house to collect a hat and for several hours. their trial. Amoomo informed the judge plate that belonged to Sara, a claim that he would further be studying the According to a summary of sub- that defence lawyer, Mbanga Siyo- In his founding affidavit, Thomas judgement and establish whether orstantial facts, Swartz assaulted Sara mundji, labelled as odd. claimed that he understood the judge not his client would be appealing theon numerous occasions. to have made up his mind and conclud- judge’s decision. Siyomundji also put it to Lena that ed that he had committed the alleged He was then reportedly verbally the fact that she and her daughter crimes. Marcus is charged alongside his coun- tryman, Kevin Townsend. Thomas understood the judge to have supposedly conveyed the following: Townsend is represented by attorney That he is capable of appreciating the Mbanga Siyomundji and the state is wrongfulness of the acts in respect of represented by Deputy Prosecutor Gen- eral Antonia Verhoef. Help the fight Bloodstained knife against cancer. – “not evidence” Let’s raise money to help the fight Eba Kandovazu bloodstains on Jagger’s body were indeed against cancer. his or the deceased’s. He said that the AN Otjiwarongo man who is behind bars State merely relied on circumstantial Buy your apple at any participating school for allegedly notoriously stabbing his evidence and not direct evidence. or any Bank Windhoek branch before girlfriend and mother of his child to death 31 July 2017. still insists he is innocent and that the Jagger denied ownership of the knife person who murdered her is roaming the used to kill Hoeses and also denied being A total of N$45 000 in prize money is up streets freely. at the scene. for grabs for participating Pre-Primary, Primary and Secondary Schools. Edmund Jagger, 27, is alleged to have The court heard that a suicide note, stabbed Renelda Hoeses, 22, at her written by Jagger, was found at the scene For more information, please contact: father’s house at least 18 times four years where he was attempting suicide. Suzette January on Tel: 061 299 1278 or ago. He faces a count of murder read with Email: [email protected] the provisions of combatting domestic The note reads: “I’ll miss you, I love violence, which he pleaded not guilty to. you and here is my Nampost account Eat Healthy | Live Healthy | Prevent Cancer number/Pin.” Jagger is suspected of having stabbed Project Partners: the deceased with a knife, in an apparent According to his lawyer, the note was fit of jealousy, before attempting to end directed to his son and not the deceased. his life. His lawyer, Joshua Kaumbi, on Tuesday told Judge Alfred Siboleka that Kaumbi further claimed that Jagger was at the time of his client’s arrest, no efforts committing suicide because he had heard were made by the police to trace the foot- that his son was being ‘taken away’. prints at the scene and link it to Jagger. “The State failed to look for footprints Court documents indicate that upon his and they failed to place the accused at the arrest, Jagger was wearing bloodstained scene of the crime. They only implicated shorts and he had blood on his lower legs him because he was found trying to commit and his right hand. A bloodstained knife suicide, allegedly because he did something was also recovered from his room. wrong. It would therefore be unfair if he is found guilty because of weak, circumstan- His lawyer further submitted that no tial evidence,” Kaumbi argued. DNA tests were done to prove that the The State is represented by Deputy Prosecutor-General Karin Esterhuizen and the matter was postponed to 21 July for Judgement. N$20 N$20 THE BIG ONE DOUBLE WINGS4 J2U4LYJU-LY N$20 N$20 2x ICE CREAM TUBS with 2x DIXIE BURGERS Sauce & Cookies While stocks last. Ts & Cs apply. KING-SIZED CHICKEN

06 July - 12 July 2017 NEWS 3BON CONFIRMS SMECallsforliquidationofSMEBankMILLIONS MISSINGThe Governor of Namibia’s Central Bank, Bank of Namibia (BoN), Iipumbu Shiimi, on Tuesday filed an urgent applicationin the High Court to terminate the existence of the now infamous Small Medium Enterprises (SME) Bank. Eba Kandovazu which amount to N$997million. He conducted preliminary investiga- external auditors (BDO), is contra- SUNK: SME Bank. Photo contributed stated that BoN has established that tions and found that only N$199.7 dictory, unreliable, highly question-In his affidavit, Shiimi submitted at least N$174,4 million of the al- million was invested in South Africa, able and suspicious,” Shiimi stated. that SME Bank has contravened leged VBS/Mamepe ‘investment’ has of which N$32.7million was withsections of the Companies Act, such been lost and will not be recovered. Mamepe and N$167 million was The SME Bank opened its doors inthat they are unable to pay back the invested with various beneficiary November 2012, with the Govern-N$207,6 million that was allegedly Initial court documents indicate that accounts. ment of Namibia holding 65% shares,invested in offshore companies. SME claims to have invested N$52.4 Metropolitan Bank of Zimbabwe million with Mamepe Capital and It has now been found that no mon- holding 30% and World Eagle Prop- Shiimi maintained that SME Bank N$155.2 million with VBS Mutual ey was in fact invested with VBS. erties from Zimbabwe holding 5%.is insolvent, in that its liabilities, Bank, both from South Africa.N$1.1 billion, exceed its assets, “This shows that the information The matter will be heard today, When BoN assumed control of the presented by SME Bank and its coun- Thursday, in the High Court. Charles SME Bank in March, however, they terpart VBS to BoN and SME Bank’s Visser represents BoN in the matter.Another pregnant rhino killed Cross-border criminals alarm Niel Terblanche of poaching occurred at the Epako assist with information that could Safari Game Lodge in the vicinity lead to the arrest of the suspects. Eba Kandovazu security features. He added thatFOR a second time in less than a of Omaruru. Workers on the farm alarming fraud cases have been onyear, poachers killed rhinos on a discovered the carcass of the preg- Conservationists are concerned A Senior Immigration Officer the rise in the past two years. Heprivate wildlife sanctuary when nant rhino with both horns hacked about what appears to be an upsurge from the Ministry of Home Af- maintained that imposters are nowthey shot a pregnant cow for its off. He said the remains of the dead in rhino poaching after several fairs and Immigration has raised producing fake visa documents byhorns. animal was found about three kilo- rhino carcasses were found in the the alarm over the prevailing removing authentic pictures from metres from the lodge buildings. Etosha National Park recently. It is number of crimes committed by identity documents and replacing The free-for-all seems to continue suspected that the most recent dis- foreigners in the country, as well it with theirs. “Namibia has strictunabated despite the Minister of En- According to Iikuyu, preliminary coveries in the national park were as the illicit forging of docu- immigration laws and this is forc-vironment and Tourism announcing investigations indicate that the rhino also the work of poachers. ments. ing many travellers to forge theirearlier this year that poachers will was killed about five days before documents. I therefore think thatface fines of up to N$25 million, as it was found and that footprints At the end of last year two rhinos Phillemon Shikale recently re- refresher training courses like thesewell as lengthy prison terms. around the carcass indicated that were killed and two more were vealed that international criminals should take place at least three at least four poachers were on the wounded when a gang of poachers continue to look for opportunities times a year,” Shikale suggested. According to Deputy Commis- scene where the horns were hacked shot the animals on a private game to exploit within the border. Hesioner Erastus Iikuyu, the Erongo off. The owner of the rhino indi- farm close to Gobabis. One of the further emphasised the need for The United States Regional Secu-Regional Crime Investigations cated that he suffered a loss of at animals was also a pregnant cow. cooperation in eliminating the free- rity Officer for Investigations, Cas-Co-ordinator, the latest incident least N$600 000. During that incident the farmer dom of movement and fraudulent sius Gray, explained that fraudulent suffered a loss of more than N$3 activities of international criminal document training courses are im- Iikuyu appealed to the public to million. syndicates. portant as they increase awareness of fraud within organisations.Sunshine school Iron Lady revealed Shikale said this while addressing officials from Nampol, customs and He maintained that protecting the Aili Iilonga fights, Dolly was chucked out of the work permit, which resulted in me be- immigrations officials and officials integrity of government identity business and to the best of my knowl- ing arrested for two weeks after which from the Bank of Namibia during documents and identifying impost-THE squeaky clean public image edge I do not think that she was given I was deported,” said Gantzi. a training course organised by the ers decreases opportunities forof the Sunshine Private School has any compensation when she left,” said US Embassy in Namibia, focused identity theft, financial crimes andbeen tainted after claims of forgery the source. A former teacher at the Sunshine on detecting imposters, regional assists border officials in securingand perjury of the founding share- Private School confirmed the under- travel document fraud trends and Namibia’s borders and ports ofholders surfaced. It is further alleged that after Dolly hand dealings at the school, adding entries. passed away, Kangira, who is Zim- that the school at one point threatened Accusations from close sources babwean, brought another Namibian, to have him deported after he discov- CON ARTISTS: Officials attending the training course. Photo contributedrevealed how Sunshine founders, Jen- Paulina Ambinga, into the business. ered the illicit transactions.niffer Gantzi and Nomakando Kangiraused another founder, Judith Christa On paper, Ambinga appears to own “I opted to leave the school becauseDolly’s pension savings as start-up 51% shares in the school but sources of all the irregularities that were hap-capital for the business, but Dolly claim that she is just a front for Kan- pening,” he said.was later elbowed out of the business gira to cover up her deals.venture. Dolly, who passed away in When called to comment, Kangira2015, was reportedly not given any Speaking from Zimbabwe, one of insisted that the allegations against hercompensation nor were her relatives the founders, Gantzi, claimed that and the school are totally false and dogiven any share of her money before when the school applied for a N$3 not hold any water.and after her passing. million loan at Development Bank of Namibia (DBN), the school used “Sunshine is operating legally here “I believe that after the business her house as collateral to acquire the in Namibia and everything is abovestarted to boom, Kangira wanted to loan. “All the signatures were there board. The staff members and I arecontrol everything and she only used but after it was approved, I realised law-abiding citizens,” she said.Dolly to start the business because she that my name was cancelled out. Theywas a Namibian, but then after some forged my name out of the papers and She explained that the permits given to add to that, Kangira reported me to to foreigners working at the private Home Affairs because I did not have a school were legally acquired and insists that claims stating otherwise are “blue lies”. 12N$ .49 10N$ .99 Bakers tennis Niknaks 150g biscuits 200g 07/07/2017 - 09/07/2017 Beacon 12N$ .99 slabs ass Fruittree juiceWEEKEND VALUE! ass 1L 8.99N$ 80g Valid at all SHOPRITE outlets, while stocks last. WE RESERVE THE RIGHT TO LIMIT QUANTITIES

4 NEWS 06 July - 12 July 2017 Slow progress towards levelling playing field No space for freeloaders – GeingosINEQUITY STILLIN BOARDROOMS Gabby TjirozeEMPLOYMENT inequity is still a major problem in the country, with less previously FIRST LADY of Namibia, Monicadisadvantaged people in executive and management positions. Geingos, has urged Namibians to be hardworking and to avoid being Gabby Tjiroze the workforce, only 28% occupied The gap wasn’t bridged as a freeloaders. STRIVE FOR EXCELLENCE: First Lady, positions at the executive directors 2009/2010 statistical figures report Monica Geingos. Photo contributedAccording to the recent level compared to 58% occupied also found a highly skewed work- She said this at the second fundrais- 2015/2016 annual report by the by whites. A 10% improvement in force profiles in many workplaces. ing gala dinner of the One Economy projects, lessons learned and suc-Employment Equity Commission, representation at the management Foundation held at Safari Hotel on cesses gained with key stakeholdersthere is a huge disparity in manage- level was, however, noted during After 20 years of independence, Friday evening. on the foundation’s journey since itsment between whites and blacks in the 2015/2016 review period, as 59% of executive director positions establishment last year.top management. 66% of managers were black com- and 43% of senior management “There is no space for freeloading, pared to 56% the previously racially positions were still held by white doing nothing, no space for knowing Geingos expressed gratitude for the The report showed the slowness disadvantaged group accounted for Namibians and nothing has really nothing and there is also no space for unwavering support that the founda-of progress towards an equitable during the previous corresponding changed in forming a balance. racists, among other issues setting the tion received through pledges.representation, especially at the review period. nation back. Those who think theyupper levels of management where At a recently-held public hearing can benefit from NEEEF or BEE by The One Economy Foundation wasemployment and policy decisions Women of all colours comprised on prevalence of racism and racial doing nothing are fools. We really established as a Section 21 non−profitare made. only 44% of management positions. discrimination in Namibia, the don’t need that in our country. What organisation, and its heartbeat is to Employment Equity Commissioner, we want with One Economy Founda- actively ‘Build a Bridge’ to inclusivity The under-representation of the A total of 199 126 employees Vilbard Usiku, said that racism tion is to be true representatives of the for as many Namibians as possible.previously disadvantaged employ- were reported by 763 employers continues to influence employment Namibia we want,” said Geingos.ees at the occupational levels where across all industrial sectors coun- conditions in the Namibian private President Dr Hage Geingob was theremuneration levels are higher trywide, representing an increase sector, which is dominated by white The foundation, which serve as a guest of honour at the event and it waswould surely perpetuate income of 18% in the number of employ- men. channel for transformation by con- also attended by several high-rankinginequality along racial lines, the ees covered by affirmative action necting Namibia’s formal and infor- government officials and businessreport states. reports during the period under He further stated that racism is mal economies, raised N$3 million for people. review compared to the previous apparent in the context of Namibia the implementation of socio-economic Although the previously racially corresponding review period. and continues to influence employ- programs.disadvantaged constituted 93% of ment decisions. At least 97% of the funds raised will be channeled towards programmes in the areas of entrepreneurship and enterprise development, education, gender-based violence, health, as well as institutional strategic support. Only 3% is directed to administration and operations. The fundraiser served as an op- portunity to share information about Aunty Ricky buried this weekend Ricky Fredericks, who is affection- Staff Reporter ately known as Aunty Ricky, passed Anna the nosey neighbour James came to away at the age of 77 last week Friday could not help but ask Ester confront Jasmine last about the argument she over THE funeral of the mother of following a cardiac arrest at the Ro- heard the previous night; she night for damaging wanted to know what trouble his property. She does not decorated athlete and Olympic man Catholic Hospital.the niece brought home think, that niece Silver medallist, Frank Fredericks, Aunty Ricky, who raised Frank asthis time. Oh yes, I heard he will take place a single mother, took the car he gave her of mine. on Saturday at was a prolific Ester, is for her birthday, because the Pioneerspark tennis and netball everything ok? of what happened with cemetery in player in her Windhoek. heyday and made He also laid a his friend James... her own waves criminal charge A memorial ser- in the Namibian Yes, but the vice will be held sports fraternity against her. antenuptial agreement today, 6 July, for long before the the sport fraternity name of her only Because my makes for a clean to pay their final child became a foolish niece mos went divorce. It won’t be respects to the household name. & poured paint all over celebrated life of Frank is a messy. a pioneer in her former track and his car. own right at the field athlete, who Christus Kirche at ran 100 and 200 What?!?!? A 14:00. meters. He won criminal charge four Silver medals “Please join us at the Olympic on top of the in paying tribute divorce? to and celebrating Games, makingChoice or Chance? the life of one of REST IN PEACE: The late Aunty Ricky him Namibia’sRather make a choice to protect yourself against criminal matters and manage your divorce Namibia’s biggest Fredericks. Photo contributed first Olympicwith an antenuptial agreement from as little as N$ 130 per month*. sports parents, medallist. He alsoFollow the Drama on legalshield.na and on our Facebook page, search for Trustco Insurance. enthusiast and won Gold medals*T’s & C’s apply. mentor,” said Namibia National at the World Championships, World Olympic Committee President, Abner Indoor Championships, All-Africa Xaogub. Games and Commonwealth Games.JulyDANRIC AUTO Don’t miss out on our DANRIC AUTO Tel: +264 295 8100 FLOOR DEMO PROMOTION: Get deposit assistance or Ask for Dewald Jooste: 081 279 8397 Monique van Wyk: 081 211 1328 N BMW X5 BMW 520i BMW 318i BMW 320i BMW 125iN$950 000 x Drive N$595 000 Sedan N$470 000 Sedan N$488 000 N$545 000Sedan Hatch Back 320d 2016 2016 2016 2016AAUCTTOIVE DEMO PROMOTION5 8100 : Get deposit assistance or cash back between N$50 000 - N$100 000 visit wFwOwR.nMaOmRcEars.netContact: Tel: +264 295 8100 or Ask for Johan Boltman: 081-232 0922 Dewald Jooste: 081 279 8397 Monique van Wyk: 081 211 1328 Nicolene Roux: 081 129 6393

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6 EDITORIAL 06 July - 12 July 2017 RETRO­ SPECTIVE NGHIDIPO NANGOLOBusiness is not politics PIC OF THE DAYUNEMPLOYMENT and poverty continue to increase for SELLING KAPANA FOR 26 YEARS: Desteria Nangame, a 54-year-old single mother of nine boys from Ombili in Katutura has been makinggreed enables some to wear different hats and having their a living and putting her children through school by selling kapana for the last 26 years. Her varied and large number of regular customers,fingers in every pie for the pleasure of power and influence. mostly government officials, bear witness to the quality and great taste of her kapana. Photo: Marthina K Mutanga For a country to develop her economy and create wealth for THEORY OF INTEREST DESMOND P VAN HEERDENthe people, it requires a strong, reliable business communitythat will constantly evolve with time and capital to venture STATE-OWNED RETURNSinto sophisticated industries that will guarantee self-sustaina- During Trustco’s Results Presentation key- ernment can then ensure that it is run for the they can raise because the people de-bility in all spheres of the economy. note, Dr Quinton van Rooyen revealed a people. Or at least, that’s what they intend. manded this or that and they need to fund very telling statistic about the Namibian Unfortunately, state-owned enterprises it. When such incentive structures are rep- A strong business community also have the advantage of economy – namely that 58% of the net fall victim to what is known as the prin- licated in a monopoly, however, you startrealigning the country’s weak balance of payment, especially worth of the top 30 companies reporting cipal-agent problem. The principal-agent to see a problem. With incentives designednow that the economy is technically in recession owing to public financial information in Namibia problem develops when a principal (in- to stay in power, there is no incentive tocapital flight and at the whims of foreign investments that is owned by government. Furthermore, vestor/owner) creates an environment remain efficient, to provide returns for theare designed to own interests and not the development of the analysis of his figures showed that whereas in which its agent’s (managers/officers)­ people. For the first few years, the SOE iscountry. foreign companies and Namibian compa- incentives don’t align with its own. run at prices much closer to marginal cost, nies generally give a return on equity of Where in a private company, investors but without incentives to stay there, soon Now why would a successful business person, I assume, 18% and 21%, State-Owned Entities only demand profits, and align its employee the incentives to stay in power take hold.would abandon their workstation to join politics? That’s ab- managed a return of 2% - of which 97.6% incentives to reward them for increas- Above-average salary increases are grant-surd it can be said, unless the reason to run for public office was contributed by Namdeb and MTC! ing profit, either via increased sales or ed, with perks to keep staff loyal. Thisis much more than just politics. In fact, government should When we consider that govern-encourage business persons to stay in their lane since many ment itself constitutes about 30% greater efficiency by reducing costs, now increases costs, but no matter –were empowered to help to improve and enrich the lives of of the economy on its own, these the government usually wants to run the the SOE is a monopoly and canothers and subsequently help the country reach economic figures reveal that through state monopoly to serve the most people. Un- adjust prices. They are still, afterdevelopmental goals. owned-enterprises, government fortunately, governments are used to run all, cheap. Yet a few years down itself thus has effective control government – and set up their incen- the line, these price increases can For almost two decades now, both local and foreign of a much larger segment of tives in the same way they’re used to. no longer be tolerated – the peo-investors have been complaining about the lack of skilled Namibia’s GDP than can be eas- For any government, its greatest incentive ple complain. The principal de-manpower, yet ‘successful’ business persons are now join- ily seen. Thus, when the nation is to remain in power – to provide what- mands that prices be kept down,ing politicians. Another outcry is how unemployment will is in a recession, it seems like ever promises and services are needed to and the agents have no choicedecrease and poverty be reduced when citizens serve in government itself should have ensure they retain the trust and, more im- but to comply. To sustain theirdifferent capacities, from business, politics and boards of the capability to kick-start the portantly, the votes of the public. Govern- incentive structures, corners aredirectors. economy itself – after all, it is in ment funds itself via tax revenues – which cut. Efficiency drops, and pretty direct control of a large part of it. soon all the returns that had to Something is in earnest amiss in this beautiful Land of the Why then are we having a reces- go to the people, are now go-Brave. For those who have the heart for it, business offers sion? And if government cannot ing to those managing the SOE.much more incentives for economic development and wealth leverage optimal returns from That is how the return on eq-creation. Business persons who did not succeed in their the SOE’s, why do they exist? uity of a state-owned enter-endeavours would in any case not do anything different in Well, state-owned enterprises prise ends up in the doldrums.politics. form as a result of a failure of When we take a look at our the free market due to natural own state-owned enterprises, is Numerous reasons for such a change of heart and mind monopolies. A monopoly exists this not exactly what we see?points to the search for power and influence in matters not when a specific business is the The solution is simple – fix thenecessarily having anything to do with social development. only supplier of a particular com- principal-agent problem. EnsureCitizens need to give each other opportunities, and the State modity. As a result, if a business that the incentives of the manag-should guarantee an ideal environment in which all Namib- is a monopoly, it seeks to max- ers and officers of state-ownedians will have the chance to contribute to the socio-economic imise profit – but as a monopoly, enterprises don’t reward stay-development without the people taking bread from each it can SET the price of the com- ing in their positions, but ratherother’s mouths. modity, as it is the only supplier. that they are rewarded for ef- In a competitive market, other ficiency and service delivery. The point is, politicians should stay in politics and business suppliers would compete, and If government finds this dif-persons should remain business people, for they have the drive prices down to the margin- ficult, it should consult the pri-unrelated but common chemistry that guarantees prosperity. al, or per-unit, cost of the com- vate sector for guidance – after modity, but when no competitors all, these are the companies that EDITORIAL DISCLAIMER exist, the monopoly will in- know how to align employee in- crease prices to maximise profit. centives for above-average per- • The newspaper’s views are not necessarily those of A natural monopoly arises when a busi- formance. In the private sector, ness requires high fixed costs to start-up, there are no qualms about firing employ- our advertisers and the views aired in letters are not and has unique resources that can only be ees who do not contribute to performance. acquired once – such as a port at sea, etc. It might be a painful adjustment for those necessarily those of the newspaper. Natural monopolies, then, mostly arise due managing state-owned enterprises, but it to infrastructure. After all, once a road net- is what we as a public not only expects • Informanté publishes all advertisements in work or power distribution network is built, from them, but what we require from them. it is much easier for those owning the net- good faith and cannot be held liable for any works to expand, and conversely, prevent Desmond P van Heerden, HonsBComm any competitors from springing up. Hence, (Stell) is the Chief Analytics Officer of Trust- misrepresentation, losses or injury to any reader when such a natural monopoly is created, it co Group Holdings Ltd. Previous articles is in government’s interest to own it, as gov- available online at http://toi.hopto.org/. making use of the products or services advertised. He can be contacted at [email protected] • Newspaper registration: 06/01/119 • Printed by Word Press, Windhoek, Office +264 83 100 1000 • 260 000 copies distributed monthly to all major Namibian towns ­ • Headquarters: Trustco House, 2 Keller Street, Windhoek, Namibia • Contact: Tel. 061 275 4102/8 Fax. 061 275 4090 Email. [email protected] • Electronic: www.informante.web.na

06 July - 12 July 2017 EDITORIAL 7 Flipside THIS IS A NAMIBIAN BANK, CHRIS JACOBIEWHERE WE MEASURE TOGETHER No Sky Too High AS PARTNERS. THE staggering financial results and business outlook of Trustco Group NO MONTHLY FEES OR COMMISSIONS CHARGED. Holdings released in Windhoek are significant for a variety of reasons, but defy conventional wisdom.FIXED DEPOSITS 6•12•18•24•36•48•60MONTHS Except that it is a clean bill of health for Trustco, one of Namibia’s ground-breaking post-independence conglomerates, it mainly indicates NO MAXIMUM INVESTMENT AMOUNT. that the group under leadership of Dr Quinton van Rooyen, is tackling the INTEREST CALCULATED ON DAILY BALANCE AND CAPITALIZED MONTHLY. future with confidence and optimism. The Van Rooyen/Trustco genesis GUARANTEES MAY BE ISSUED AGAINST A TERM DEPOSIT. of adversity and victory became a Trustco trademark of sustainable CAN BE CEDED AS COLLATERAL. achievement which was not earned by accident, but is rooted in Namibia and the people it serves. RECEIVE 1% EXTRA INTEREST ON ALL FIXED DEPOSITS. An often forgotten strength of national purpose in the Trustco RECEIVE 0,75% EXTRA INTEREST chromosome is the involvement of the late Herman Andimba Toivo ya Toivo ON ALL NOTICE & CALL DEPOSITS. on the board of Trustco and his legacy of care for the people of Namibia that remains a mainstay of the group vision. WWW.TBN.NA The President of Namibia and founding chairman of the Namibian INTEREST RATES ARE COMPETITIVE AND MARKET RELATED. Constitution, Dr Hage Geingob, served as deputy chair on the Trustco Board SEE ALL RATE DETAIL ON OUR WEBSITE AND AT REGIONAL BRANCHES. at listing.FUNDS CAN BE DEPOSITED VIA EFT, STOP ORDERS OR AT YOUR NEAREST BRANCH. Dozens of previous senior staff members became successful TRUSTCO BANK NAMIBIA INCORPORATED IN THE REPUBLIC OF NAMIBIA entrepreneurs in their own right and are employers today contributing to REGISTRATION NUMBER: 2008/042 TERMS AND CONDITIONS APPLY. the wealth of the nation. When the private sector as loyal corporate citizens with compassion and a post-independence flagbearer of a free market system excel, it is a compliment to the private sector and government. It serves as an inspiration to international investors and developers that Namibia has the fundamental strength to create a sustainable culture of hard work, resilience and innovation.The results of Trustco do not tell the whole story. Hidden between the dazzling facts and figures in graphs and columns lies the benefit to the country and its people that is many times greater than for the company and its shareholders. Trustco speaks to Namibians and their needs, because it wanders amongst those that they serve and understood and respond in ground- breaking and pioneering innovation to ensure access to previously excluded legal, health, education, insurance and housing products. It produced a sense of justice and fairness, because it was either affordable, or a foreign concept altogether to the biggest part of the Namibian society which mostly were spectators in the game of wealth creation and improvement of living standards during the pre- independence game. Sadly, most of those who experienced a good life and enjoyed the economic advantages that colonialism was meant to create for a privileged few, left with their wealth when the polling stations opened for the 1989 Independence Elections and wondered with the rest of the world how the small nation would survive the demands of the economy that independence was to throw at them. Nobody knew and Namibians took their changes with themselves and the spirit of daring ignited the Trustco genesis which today is a result of unity and equality through its workers, members and beneficiaries on various fronts of the Namibian household. Thanks to a political commitment and a genuine desire for peace those Namibians who stayed behind, slowly rose from the ashes of a devastating war and built their trust among themselves as their destiny was in each other’s hands. The Trustco results are as much an achievement of good government and a conducive environment as the skill and resilience of the Trustco model that distinguished the need of the people. It is also not in the formulas and figures of the Trsutco results, but an underestimated and undeniable fact that the products that Trustco introduced are still the great equalisers of a society that were denied basic services and a society with access to the same, because it’s Namibian. While a nation was reconciling, Trustco developed a business model, often unnoticed, for every Namibian regardless of social, political or economic status. It attacked the misguided wisdom of the time that justice is out of reach for the less privileged, that clinics are the best health that the poor can hope for, and that if learners fail school and subjects, life is over. Through distance education and various insurance products, thousands became equal before the law and equal in opportunities and the Trustco lifeline became a believer in Namibians and their potential. In what could at best be described as a hostile workers’ environment due to the always inevitable forces of politics and the abuse of trade unions, Trustco succeeded to be the best company to work for over the past two years. A workforce of 721 people in the Trustco group, each a shareholder of the group, and its dependents, is a massive contributor to social stability and hope for the future. However, the most important message of the Trustco results of which government and the private sector can take pride in, because they are in different ways responsible for the achievement, is that a leadership that creates a conducive environment, maintains peace and political stability and creates alliances, contribute to the wealth of a nation in which democracy and values thrive. When the spectacular performance of Trustco is celebrated, the future of good governance and accountability and a partnership must be celebrated as well. The foundation of the Namibian House lies in trust and excellence of which one cannot exist without the other. The trust in Trustco is its bond with the nation that it cares for, the leadership it respects and the future that Namibia deserves.

8 BUSINESS 06 July - 12 July 2017BUSINESSMARKET RECAP WEEKLY market review Deficit decline in current accounts 28 June to 4 July 2017 GRN BUDGET SHOWS NSX STOCKS CODE PRICE % VOLUME VALUE IMPROVEMENT 3 011DOWN UP TRUSTCO GROUP TUC/TTO 4.60 6.98% 696 Government’s budget balance showed an improve- HOLDINGS LIMITED 9 677 ment in the 2016/2017 fiscal year and is estimated to BANK WINDHOEK BWH 18.09 1.97% 540 narrow further in the 2017/18 fiscal year, mainly due to HOLDINGS LTD 1 141 governments budget cut efforts. BIDVEST NAMIBIA LTD BVN 7.86 0.90% 146 - NICTUS HOLDINGS - NAM NHL 2.00 - - AGRA LTD AGR 1.46 - 83 FNB NAMIBIA 57 HOLDINGS LTD FNB 47.11 (0.04%) 4 193 ORYX PROPERTIES LTD ORY 20.72 (0.10%) 69 1 146 NAMIBIA BREWERIES NBS 33.30 (0.63%) 55 2 451 74 COMMODITIES PRICE % GLOBAL INDICES PRICE % NSX LOCAL 570 0.16%BRENT CRUDE OIL 49.61 6.35% NSX ALL SHARE 3.30%GOLD 1 227.55 (1.55%) JSE TOP 40 1 034 0.99%PLATINUM 917.00 (0.46%) S&P 500 46 020 0.40% Zorena Jantze than a year earlier. UK FTSE 100 (1.04%)FOREIGN EXCHANGE PRICE % EURO STOXX 50 2 429 (1.66%) This is according to figures “The improvement in the current HANG SENG 7 357 (1.75%) released by the Bank of NamibiaN$ PER US$ 13.18 1.18% 3 479 (BoN) for the first quarter in their account deficit was attributed to aN$ PER £ 17.03 1.98% 25 389 quarterly bulletin. The report,N$ PER € 14.96 1.24% however, states that on the downside narrowing of the trade deficit risks to growth remain slow for 2017 as a whole. due to lower imports inMarket Recap 4 July 2017 down by 1.24%. Kazembire Zemburuka, the Deputy the wake of the weakThe local market rebounded this week, Besides Trustco Group Holdings, Nictus Director of Corporate Communica-with the NSX Local index up 0.16% at Holdings also released their results this tions at the Bank of Namibia, stated domestic economy,570.4, and the NSX Overall Index up week. Nictus reported asset growth that central government debt increased3.3%, to close at 1034. Trustco Group of 2.1%, resulting in total assets during the period under review, as coupled with reducedHoldings lead the market during the standing at N$1.65 billion. Revenue reflected in domestic borrowing, whileweek, as they announced their annual also increased by 4.4%, to N$972 foreign debt declined as a result of net investment incomeresults, with growth of 6.98% to close million. Earnings for the year, however, revaluation effects due to the strength-at N$4.60 per share. Bank Windhoek was down 30% to N$19.5 million, from ening of local currency. payments to the rest ofHoldings occupied second place, with N$31.3 million last year. As a result,growth of 1.97% to close at N$18.09 earnings per share dropped to 36.49c “As a result, government’s total the world,” Zemburuka HOPEFUL: Kazembire Zemburuka, the Deputyper share. In terms of volume, Bank per share compared to 52.40c last year. debt as a percentage of GDP rose explained. Director of Corporate Communications at theWindhoek Holdings took the lead, Management attributes this result to to 41.4% at the end of March 2017, Bank of Namibia.  Photo contributedwith N$9.6 million worth of shares the slowdown in the economy, but they from 39.6% a year earlier. Further- It was added that along-traded. FNB Namibia Holdings rose remain proud of what was achieved. more, the ratio of government loan side the smaller deficit onto second place in volume, with N$4.1 Management states that they have guarantees to GDP rose to 5.4%million worth of shares traded, with refocused business units to realign from 4.0% over the same period and the current account, thereTrustco Group Holdings taking third them with regards to the challenges remained well below the thresholdplace with N$3 million worth of shares ahead, and anticipates more effective of 10.0%,” Zemburuka stated. was also a reduction in net financial against all major trading currenciestraded. The local currency weakened and efficient operations going forward.1.18% against the US Dollar, to close at Market Quote: He added that during the first quar- inflows from the rest of the world. during the quarter under review.N$13.18 against the USD, and slumped “A person who never made a mistake ter of 2017, Namibia registered a1.98% against the British Pound, to never tried anything new.”— Albert notably smaller deficit on the current The stock of international reserves When compared to the first quarterclose at N$17.03 against the GBP. It Einstein account of the balance of paymentsclosed at N$14.96 against the Euro, declined by 8.7%, quarter on quarter of 2016, the Namibia Dollar ap- and 9.4% year on year to N$22.6 preciated by 16.6% against the US billion at the end of March 2017, Dollar, 27.8% against the British mainly attributed to the commercial Pound and 19.3% against the Euro banks net capital inflows. during the period under review. Zemburaka explained that at the The appreciation of the Namib- end of March 2017, the country’s ian Dollar was mainly driven by International Investment Position external factors such as the recovery (IPP) registered a net liability posi- in the international prices of key tion, albeit small, as foreign liabili- export commodities in the Common ties rose faster than foreign assets in Monetary Area (CMA), low CMA the first quarter. imports, and ongoing accommo- With regards to the exchange rate, dative monetary policies in key the Namibia Dollar appreciated advanced economies.Only 4% settled on Tax Petrol and diesel prices dropArrears standing taxes Staff Reporter The expectations were that by formed favourably during the periodZorena Jantze Mwafongwe warned that that there is no June the prices would be hover- under review. intention to extend the period. The Ministry of Mines and Energy ing above US$65 per barrel, but has announced that petrol and diesel for the past four months, prices The average exchange rate forwowttbohwitRsFsgteTmtWdpmbhhhnoracronreraveiaHTTTeehesdeeeiaieohnesenletJnldveriikhhhayihegpalEnaurdoorecsvc,iketeeeednirrollhivvoai9ini“t,aaeysDancucndnenuCdmeelWubemwtotpeg3llducnrrse2eerteeetuos,neiaa7otaieaihospmpe0i,cnilvztmrJcllnna1lmneitaha1tlliwoiizusihseetesonsdcrrdcm7tttfasrealhtdttwwtheaapdhtouinamt.mrchwvotonirrueoteymhtaceatiseoggaeertrhsietesilaiorbsFhdxrehfeeotssisinnMeeoihMuontabettemofdsttiiaeecabofnutalbgsy,vinntoinaeddeocwsxpelhtnttrheteoclurrtsefdafcruopeioNiaaeotraomuferxnosiviaIoommwdbvfnwrfamtmon$pcpmri4orfoirtueftyfchhlte2aeyaooemly%nneitdausp.uadyon0avIuungtionftnoTatnoex-hxnpiwol6ennetwtfdonsiferlvshsoreltttsaoetaxife,it,y..eesri.Rtehn”ffrspisy.htsr4rhrsbeodeteapoe%taaflvasyheamedotnneeoerardtopnsddphtFpiDCMIJPfaue nleunteaoyheIehigsilSbsrmmonaatthrSitnduituneamsoAedsanst:bPrirMtRZsyytOssoewoIirvNofeaennTfFnoeaEiinbRuwN2unrsnDri1iJeTHe$haneaoTgge1:vosn1inefaewnehlfTead5ctdetnuwdedehnaszert.pctra.1ath7etletuieoC,htaeolrhttmh5eefhoel“nemoewoaep,AgfJdofomolrcuMiaohutrliuulfhuanrualralmlattnegtamtlcatwdtilyeetimaeghrtsphiogrsntaonegfriiccxrtHseehipte2gnosereiamtuadoetioa,prnsntaosop0nn.rnednfdpehnmiatciatxcpieias1trdlootuosedrNlnacyseeiyortstip7eihnvfnobw,aideoetees,ndf$nmoa.“eeoxewvlsadmnarogebeti3angfrrsufpsbeeoctMeraweysy.ispctttnoaddowF3tendwsdahhptaahiytfaswetuesatilx.leeetrhhxnbeeninerltthkIoaoTentdasoseeiilrrnalmdhbae5sellcsfiefasshnlalaotadteossu5aiwasbtiothincogoototuhunthnsrsonobiaaae2dwaffenosplieiegtdnwwlivxlrs2ifm.ow3wasawwinadkotideipo6snRecirrn1nuserserahliauteywpkgbletclti,cecnatyitJilhcaaleecescativeboanebtuoieiin,urt.e,onshxfmeampgocolautrIacnsttwyvtiennsoannuteeti5eetlpopese-vukttmurdlith2s5e,aldfaanreedoit0ca-na-.gchiey1hcsndhe--7- pump prices for July have de- have not reached that threshold, he June was N$12,88, compared to creased. added. May’s average of N$13,22. “This means importing fuel was less The prices June recorded US$60 and US$57 for both petrol per barrel of refined diesel and costly in June, and diesel have petrol, respectively. compared to May. decreased by 50 Kandjoze further stated that the Moreover, the cents country- exchange rate between the Namib- cost for shipping wide, Mines and ian Dollar and US Dollar also per- oil tankers also Energy Minister, decreased in June Obeth Kandjoze, to US$145,70 per said. metric tonne from Kandjoze ac- US$151,30 in credited the May.” decrease to The minister said substantial by the time all over-recoveries cost elements fil- recorded in the tered through the local fuel market local market, the after prices of over-recoveries both crude oil were noted. and refined oil were overesti- This meant that mated recently. for the past few months, consum- “The prices defied recent fore- ers did not get casts, based on the Organisation relief at the pumps of Petroleum Exporting Coun- because the results of the basic fuel tries (Opec) agreement to cut oil price model were not favourable, production a few months ago,” Kandjoze noted. Kandjoze said. “It is only fair that they get some relief this time around when the conditions are favourable,” he said. Okakarara Vocational Training Centre 40th Anniversary Celebration The Okakarara Vocational Training Centre invites the public to share in the celebration of its 40th anniversary. Come one, come all and let’s celebrate!! Dates: 07th and 8th July 2017 Place: Okakarara Vocational Training Centre For more info, contact us at 067-317069

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10 COASTAL 06 July - 12 July 2017COASTALRATES &TAXESWalvis to make more services available UNAM satellite campusesINCREASE in ErongoWHEN the Walvis Bay municipal council tabled its budget for the coming year, Niel Terblanchethe delivery of quality and affordable services to residents of the harbour townremained the main objective, but rates and taxes are set to rise by as much as 15%. THE University of Namibia (UNAM) aims to set up a School of Marine En- Niel Terblanche gineering and Maritime Studies at the coast, as well as a centre for miningThe council tabled a budget of research at Arandis in the near future. MENTOR: Founding Father Dr Sam N$730 million for the next finan- Nujoma. Photo contributedcial year. At this stage, the School of Marine Tobias Nambala, and Mayor of Walvis Bay, Immanuel Wilfried. Engineering and Maritime Studies will velopment to address the existing skills “Our primary objective as a local Photo: Niel Terblanche be established in Henties Bay where the gap in the fishing sector.authority is service delivery. Our vi- institution already has a satellite facility.sion is that no one should be left out of municipal vehicles received N$19 through an economic slump but Professor Lazarus Hangula, UNAMand we are moving in that direction,” million of the budget while N$2 mil- emphasised that there is no time When the announcement was made vice-chancellor, said the aim is to bringsaid Tobias Nambala, the chairman lion were allocated to smaller pro- for people to sit back and wait for a by the Founding President of Namibia, institutions closer to the industries soof the management committee of the jects. quick fix or for the situation to im- Sam Nujoma, it was, however, made that professionals who can add value toWalvis Bay Town Council. prove quickly. clear that establishing such a centre at natural resources can be trained at home. The council expects to generate Walvis Bay would be preferable. According to Nambala, the capi- revenue of N$444 million with an He said Walvis Bay lends itself for He said the mining and fishing indus-tal budget is set at N$287 million estimated expense deficit of about a lot of investment and pointed out The Centre for Mining and Metal- tries have been asking for such institu-of which N$103 million will be N$685 000. About 73% of the total that industrial investment holds a lot lurgical Research and Training will be tions at the coast.set aside for land development. He revenue will come from the delivery of room from improvement. established in Arandis, where the townsaid that 22 extensions are planned of water and other services, property authority has availed land for the estab- “We can establish another marine andfor the current financial year, some and related taxes, as well as charges “The municipality has a good num- lishment of the facility. maritime centre in Walvis Bay if the mu-which has been carried over from the for refuse removal and sewerage ser- ber of erven and plots available for nicipality can assist us with the land,” heprevious period. vices. The council announced that industrial development. We encour- Nujoma said science and technology said. increases of between 10% and 15% age manufacturing activities as this education, as well as research, are the “Land development has been can be expected. type of investment will definitely engines that drive socio-economic de- He stressed that these developmentsprompted by the challenges pre- create value addition to goods that velopment and growth. cannot be achieved by the university onsented by the housing demand and Fees for the delivery of water to will in the process translate into its own and stressed that partnershipsthe shortage of serviced land where houses will increase by 15%. more job opportunities,” he con- Nujoma said this is done through sus- with the private sector is needed to estab-residents could be accommodated. cluded. tainable and responsible utilisation of lish the planned centres of learning. Co-The biggest challenge is presented Nambala said Namibia is going Namibia’s mineral resources. ordinating director for the mining centre,by the many thousands of backyard Professor Osmund Mwandemele, saidrenters,” said Nambala. “I strongly believe that it is possible for the two satellite facilities will definitely the blue economy to contribute more to benefit the socio-economic development The remaining part of the capital the achievement of Namibia’s sustain- of the towns where it eventually will bebudget was devoted to community able development goals, but only if ac- established.development projects such as cem- companied by massive requisite capacityeteries and sports facilities, with building through skills development and “Just like we did by establishing simi-N$60 million budgeted for these upgrading,” said Nujoma. Nujoma said lar centres in Ongwediva and Keetman-projects. A further N$102 million the mining centre will provide skills up- shoop, I can assure you today that thesewas budgeted for infrastructure and grade training to mining personnel and projects will be established, it is not justservice delivery related projects such will be a centre of excellence in research a matter of talking,” he said.as road maintenance and the upkeep towards mining, metallurgical engineer-and maintenance of water and sew- ing and technology, with a focus on min- Attendees pledged in excess of N$200erage. The replacement and addition eral beneficiation. 000 towards the funds that will be used to establish the two satellite facilities for REACHING The centre will also focus on mine UNAM.OUT TO YOU geology, mining health and safety, recy- cling and waste disposal in mines. We’re constantly expanding your network coverage to ensure that you stay connected. As for the marine and maritime insti- tute, Nujoma said it will provide quality Location higher education and training beyond what is currently being offered by the Swartbooisdrif Namibian Maritime and Fisheries Insti- (Kunene Region) tute at Walvis Bay. Windhoek Soweto (Windhoek) This institution, he said, will also pro- Otjiwarongo mote research and development strate- Otjokavare (Kunene Region) gies and improve human resources de- Fransfontein (Kunene Region) Another arrest in Henties mayor case Tchundi Mine (Tsumeb) Okahandja Mall Bakkies, bakkies!!! Niel Terblanche again on 25 July. Honeb was taken into Rehoboth 2015 Toyota Hilux 3.0 A SECOND person was arrested for custody after he accepted the slaugh- Rundu Mall D4D Legend 45 D/Cab dealing in stolen goods in a case linked tered carcass of a cow that is suspected Katima (UNAM) 4x4 435,000 to Henties Bay mayor, Herman Honeb. to have been stolen from the farming 2015 Ford Ranger area inland to the east of Henties Bay a Wildtrack D/Cab 4x4 Police swooped in on the mayor of fortnight ago. Henties Bay about two weeks ago after 445,000 he was implicated in a case of dealing in “It is alleged that on Friday at about 2014 Toyota Hilux 2.5 suspected stolen goods. 21h30, the suspect accepted one full D4D D/Cab 4x4 cattle carcass without any permit of The 54-year-old Honeb made his first transport or identifying where the meat 295,000 appearance at the Swakopmund Mag- came from. He sold the carcass for N$4 2009 Ford Ranger istrate’s Court and was granted bail of 000,” Iikuyu said. The incident took Supercab 4x4 165,000 N$4 000 and warned to appear in court place at Omaruru Drive in Henties Bay. 2015 Nissan NP300 2.5 The police recovered the carcass valued TDI 175,000 UNDERHANDED: Herman Honeb. Photo at more than N$8 000 from the buyer. 2013 Nissan NP200 1.6 contributed The police also recovered some cash from the suspect, which was paid to him 115,000 by the buyer. In the meantime, Walter 2012 Ford Ranger 2.2 Hoeseb, a 37-year-old unemployed per- TDCI LWB 185,000 son, residing at farm Black Range near the Spitzkoppe area was charged and Phone now or check added to the case of Honeb. us out on the internet Hoeseb is a family member to the for more sedans, Henties Bay mayor. hatchbacks and SUV’s! The suspect was charged with the de- And many more! livery of meat without documents and Call A/F: an additional charge of defeating the Antonio course of justice by handing in false ear @ 081 273 6926 tags and the skin of an unrelated animal to the investigating officer in an attempt Negumbo to convince him that he sold the carcass @ 081 274 0888 legally to Honeb. Or google During his first appearance Honeb was Crossroads Car Sales represented by Shakespeare Masiza, while Dalon Quickfall represented the State in the matter.

06 July - 12 July 2017 ADVERTS 11 Tender Invitations NO MONTHLY FEES OR COMMISSIONS CHARGED Bid Number: G/ONB/NW-01/2018 Procurement of 300mm de sludge valves. ON ALL INVESTMENT PRODUCTS. Closing Date: Tuesday, 25 July 2017, 11h00 Enquiries INTEREST RATES ARE EWTFTNeahmaelxemeba:pPsielihr:toooefc:nutehr: eempeernstoMn:anKwM((a++gawr22edsw66m.h44.Ainel66a.an11AmKt))[email protected] COMPETITIVE AND NB: Please note that all enquiries should be made in writing. MARKET RELATED. Bidding documents are available as from 26 June 2017 at the Cashier, Namibia Water Corporation Ltd., 176 Iscor Street, Aigams Building, Windhoek. SEE ALL RATE DETAIL TDhoecBumideBnotxs should be delivered to: ON OUR WEBSITE Namibia Water Corporation Ltd. AND AT REGIONAL 176 Iscor Street, NamWater Head Office, Aigams Building, Windhoek BRANCHES. NB: A non-refundable levy of N$150.00 (Incl. of VAT) is payable in FUNDS CAN BE advance (Cash or bank guaranteed cheques only. DEPOSITED VIA All prospective bidders who wish to do business with NamWater must attach EFT, STOP ORDERS a copy of their company registration or proof of defensive Name or a Close Corporation Certificate, original Certificate of Good Standing with the OR AT YOUR NEAREST Social Security Commission and Good Standing valid Tax Certificate from BRANCH. the Receiver of Revenue, have a valid certified copy of Affirmative Action Compliance Certificate. Corresponding documents from other National NDIUREMCTBBREARNCSH: Registrations will be expected for prospective bidders registered outside 06O1S4H3A4K8A3T0I 0 Namibia. 06O1M4U3T4H8IY4A00 All Bids will be opened at 11:05 on the closing date and the prices will be 0W61IN43D4HO8E10K0 made public. Bid Number: G/ONB/NW-02/2018 Procurement of an Aerzen positive displacement blower for Von Bach and Rehoboth treatment plants. Closing Date: Tuesday, 25 July 2017, 11h00 Enquiries WEFTTNeahmaelxemeba:pPsielihr:toooefc:nutehr: eempeernstoMn:anwK(Ma(++gawr2ed2sw6m.h64.A4inel6a.an61AmK1t))[email protected] NB: Please note that all enquiries should be made in writing. Bidding documents are available as from 26 June 2017 at the Cashier, Namibia Water Corporation Ltd., 176 Iscor Street, Aigams Building, Windhoek. Documents should be delivered to: The Bid Box Namibia Water Corporation Ltd. 176 Iscor Street, NamWater Head Office, Aigams Building, Windhoek NB: A non-refundable levy of N$250.00 (Incl. of VAT) is payable in advance (Cash or bank guaranteed cheques only. All prospective bidders who wish to do business with NamWater must attach a copy of their company registration or proof of defensive Name or a Close Corporation Certificate, original Certificate of Good Standing with the Social Security Commission and Good Standing valid Tax Certificate from the Receiver of Revenue, have a valid certified copy of Affirmative Action Compliance Certificate. Corresponding documents from other National Registrations will be expected for prospective bidders registered outside Namibia. All Bids will be opened at 11:05 on the closing date and the prices will be made public. Bid Number: W/ONB/NW-01/2018 Drilling and test pumping of 6 production boreholes at Katjinakatji Water Supply Scheme. Closing Date: Tuesday, 25 July 2017, 11h00 Enquiries EWTFTNeahmaelxemeba:pPsielihr:toooefc:nutehr: eempeernstoMn:anwK((Ma++gawr22edsw66m.h44.Ainel66a.an11AmKt))[email protected] NB: Please note that all enquiries should be made in writing. Bidding documents are available as from 26 June 2017 at the Cashier, Namibia Water Corporation Ltd., 176 Iscor Street, Aigams Building, Windhoek. Documents should be delivered to: The Bid Box Namibia Water Corporation Ltd. 176 Iscor Street, NamWater Head Office, Aigams Building, Windhoek NB: A non-refundable levy of N$1000.00 (Incl. of VAT) is payable in advance (Cash or bank guaranteed cheques only. All prospective bidders who wish to do business with NamWater must attach a copy of their company registration or proof of defensive Name or a Close Corporation Certificate, original Certificate of Good Standing with the Social Security Commission and Good Standing valid Tax Certificate from the Receiver of Revenue, have a valid certified copy of Affirmative Action Compliance Certificate. Corresponding documents from other National Registrations will be expected for prospective bidders registered outside Namibia. All Bids will be opened at 11:05 on the closing date and the prices will be made public.

12 ENTERTAINMENT 06 July - 12 July 2017 ENTERTAINMENTVACANCY miXed IOL-004/04/17 Institute for Open Learning (Pty) Ltd ALL HAIL: Suné January, Miss Namibia 2017.  Photo Zorena Jantze has a vacancy for: “I want to save the rhinos” - Miss Namibia 2017School Based Studies Tutor(Part-time contractual basis) SMALL TOWN GIRL TO GLAMOUR QUEENJob Responsibilities:• Compile and deliver learning content via di erent media – contact Suné January, the winner of the Miss Namibia 2017 Marks and Spencer, Nike, King beauty pageant, describes herself as an ordinary girl Fisher, VH1, and many huge Bol- classes, DVD recordings, e-mail, telephonically, YouTube etc.; from Rehoboth, recounting child hood memories of lywood designers,. It’s unbelievable• Be available to students telephonically as well as via e-mail; playing street soccer with boys that would tussle over the experience that I got, thus it gave• Undertake all administrative tasks related to the position: whose team she should be on. me confidence in modelling,” Janu- ary explained. • Draft assignment question papers and associated memoranda; Zorena Jantze she would like to get involved in • Mark assignment and examination scripts; Namibia’s Save the Rhino Project January added that as girl from a • Compile reports on the marked assignments and During an interview with Inform- as poaching is a huge problem in small town her winning is a big deal anté, January reminisced on her Namibia currently. for the Rehoboth community, as she examination scripts; journey in the Miss Namibia beauty will host a parade in Rehoboth to• Moderation of assignments, examination question papers and marked pageant competition 2017 and her Other projects include the forma- thank the public for its support this future plans as the desert queen. tion of a charity organisation titled Saturday, 8 July. examination script; “Your change a dollar a time” which• Visit and evaluate students at schools. When asked how she feels about is targeted at poverty eradication, as She added that the youth in Reho- being crowned Miss Namibia 2017, N$1 would be collected from willing both have a lot of stigma associatedCandidate Profile: January says that it still hasn’t employed Namibians to cater for with them, as it’s rare for them to• Excellent verbal and written communication skills in English; sunk in that she won and that she vulnerable children and orphans. reach their dreams and aspirations.• Self-driven and motivated with strong organisational and is esteemed to represent Namibia January says that her inspiration in the upcoming international Miss She explained that Miss Namibia to do modeling came from her late administrative skills; Universe beauty pageant. was a gruelling competition, as they grandfather who raised her.• Great dancing skills with ability to dance the skuduru to Bieber’s “Sorry”; were judged in different criteria and• Excellent interpersonal skills with ability to work with people from January received the awards for explained that her past experiences “He was a man of many trades, he Best Top Model, Miss Photogenic of modeling in India during her stud- built the home in which I was raised diverse backgrounds; and Top Performance in Athletics. ies helped her a lot. in, and he taught me to do whatever• Ability to manage multi-functional tasks and deliver under pressure. She explains that during her reign, I do with the utmost effort and per- “I worked for Cosmopolitan India, fection. When I received the crown,Qualifications & Experience: I wish he were there to witness that• Teaching Degree/Diploma; moment with me,” January added.• Minimum ten (10) years teaching experience (postgraduate);• Code 8 Driver’s Licence;• Computer literate;• Preference will be given to Namibian citizens.Only CVs with attached certified copies as proof of qualifications will beaccepted. Only short-listed candidates will be interviewed and no CVs orattached documentation shall be returned.IOL is powered by the award-winning Trustco GroupHoldings Ltd, the “Best Company to Work for”.Your CV may be submitted to:Email: [email protected]: (061) 275 4090Closing Date: 14 July 2017TIMETABLE: MOTHER TONGUE CONTENT-BASED PRE-RECORDINGS TIME SUBJECT NAME SUBJECT CODE Venue:08:00-08:40 Mother Tongue Literacy and Development 1 DPP/DJP-MT1Sil Regional Offices08:40-09:15 Mother Tongue Literacy and Development 2 DPP/DJP-MT2Sil09:15-09:55 Mother Tongue Literacy and Development 3 DPP/DJP-MT3Sil Semester:10:00-10:40 Mother Tongue Literacy and Development 1 DPP/DJP-MT1Otj 1 and 2 Mother Tongue Literacy and Development 2 DPP/DJP-MT2Otj 10:40-11:25 Mother Tongue Literacy and Development 3 DPP/DJP-MT3Otj Date: 11:25-12:05 Mother Tongue Literacy and Development 1 DPP/DJP-MT1Kho 8 July 2017 12:05-12:40 Mother Tongue Literacy and Development 2 DPP/DJP-MT2Kho 12:40-13:15 Mother Tongue Literacy and Development 3 DPP/DJP-MT3Kho 13:15-13:45 Mother Tongue Literacy and Development 1 DPP/DJP-MT1Osk 13:45-14:25 Mother Tongue Literacy and Development 2 DPP/DJP-MT2Osk 14:25-15:02 Mother Tongue Literacy and Development 3 DPP/DJP-MT3Osk 15:02-15:33 English Second Language Teaching DPP/DJP-E2LT32 15:33-16:10 Contact us today for more information: Call Centre +264 61 270 9100 • Email: [email protected] • Website: www.iol.na

06 July - 12 July 2017 ENTERTAINMENT 13ENTERTAINMENT Repies, Repies !!CALENDAR Congratulations to our new Miss Namibia,BRASS FESTIVAL 2017– 7 Nightingale and Hans Dietrich GROVE THE 80’S VENUE-Hage Geingob Rugby may your reign be fruitful. Ja nee, ek moetDAYS OF CELEBRATION FOR Genscher Street DATE-Friday, 07.07.2017 Stadium sê I am driving through Rehoboth a few7 YEARS OF B.I.T.I. TIME-20:00 times on a monthly basis and ja sowaarDATE-Thursday, 06.07.2017 VENUE-Khomas Grove Mall daai Baster girls are hot! We were watch-(ends 07.07.2017) (Funky Town) ing the pageant on Saturday night whileTIME-12:00 - 20:00 NIGHT UNDER THE STARS celebrating my grandmother’s birthdayVENUE- Sukkot Playground, FEATURING GHETTO through all the gesuipery. The girls lookedSukkot Street BALLERINA stunning no doubt. DATE-Friday, 07.07.2017 With the announcement of Suné JanuaryGENDER BASED VIOLENCE TIME-19:00 - 22:00 as the new Miss Namibia there were someAND THE IMPACT OF VENUE-Goethe-Institut mixed reaction in the house. Now I knowSOCIAL MEDIA IN A Namibia, 1-5 Fidel Castro mos, it can only mean one thing. SomeTECHNOLOGY DRIVEN Street gatecrasher at the party, watching eventWORLD RUGBY AFRICA GOLD CUP with us commented: ‘’etse ti’tse weerDATE-Thursday, 06.07.2017 DATE-Saturday, 08.07.2017 ‘n Baster huh?‘’ I said mara what is theTIME-17:30 TIME-16:00 problem? ‘’Nee man, Neville, they wonVENUE-Gateway Conference already last year… you remember that girlCentre, Corner of Florence from last year with the Arnold Schwart- zenegger legs, she was mos also from2017 TRUSTCO GROUP HOLDINGS LTD Rehoboth??!!’’ I said ja mara so what, it’s the judges decision mos povi?’’ I made itSummarised group reviewed clear to this protester that we can’t baseresults for the year ended 31 our decision on colour and town tog asb.March 2017 and AGM notice If someone is good enough to be Miss Namibia then so be it mos! Wat gaan julleMESSAGE FROM DR QUINTON VAN ROOYEN, HIGHLIGHTS 28% 70.75 cents weer so aan huh? He continued: “Ja maraGROUP MANAGING DIRECTOR 25% 69.11 cents we fought for this country, our ancestors Headline earnings 14% died… why must we not be recognized“Send me 300 francs; that sum will enable per share 323 cents as beauty queens in this country?’’ I said:me to go to Paris. There, at least, one can ‘’Asseblief tog my broer, that is just purecut a figure and surmount obstacles. Basic earnings racism… we are all Namibians, letis beEverything tells me I shall succeed. Will per share happy for the girl! I mean that’s probablyyou prevent me from doing so for the the only thing the Basters have left with,want of 100 crowns?” Net asset value since their born skill of making a living per share and having an identity in the construc- tion industry is being taken away by theThis was the letter penned by a young Napoleon Trustco is proud to announce various accolades awarded to the group for Chinese… so los tog die mense.‘’Bonaparte to his uncle, Joseph Fesch in June 1791, financial, social and governance matters. These included: There is a place in the sun for all of us.just before that young man from a small island off • Winner of the large size category of the Deloitte’s annual “Best Company This guy just did not want to let up. ’’Neethe coast of France, changed the course of not only nee. Neville I don’t agree, you can’t haveEurope, but also of the world. To Work For” survey in Namibia in 2016 for the second year running. two Basters winning this back to back. • For the second year running, Trustco placed in the top ten of the Sunday This is not the champions’ league, they areJust like Napoleon started his rise on the not Ronaldo!‘’ I said: “okay let’s agree to Times Top 100 companies of the JSE. disagree on this subject… we will definitelyminimum of stipends, so did Trustco • 1st Place winner: 2017 PMR diamond arrow award – Leaders and achievers not find any mutual agreement on this one. Just as I was about to leave the topic at DR QUINTON VAN ROOYEN category, awarded to companies demonstrating exceptional managerial that, the next expert on colour walked and corporate governance qualities. up to us to give his take on this. “Luister hierso julle twee, I have a better solution25 years ago off a small investment of to this whole scenario. I am tired of all this politics… first, Neville I feel we musta mere NAD 200. I’d always thought GROUP MANAGING lengthen the Miss Namibia reigning period to at least two years. Michelle Mclean’sNapoleon would have enjoyed the DIRECTOR victory in Miss Universe makes it very very hard for all the girls coming after herboard game Risk, as its combination of REVENUE Revenues grew substantially from previous to make a sound impact in the pageant in (NAD million) years due predominantly to a surge in only one year. It will take you at least twodiplomacy, conflict and conquest mirrored the ways in which he built his revenue from investments. Whilst steady years for people to really see the work growth has been achieved in insurance and impact you make as Miss Namibia.empire. Even though the world has changed since Napoleon’s days, much premiums, interest income and other And sobiso, Neville, they must make it a financial services related income, the rapid criteria for all black women who take partstill remains the same – but not the battlefields. In business, we still 1 150 286 1 246 762 growth continues to arise from property in Miss Namibia… please enter the pag- 2017 related activities. eant with your own hair!’’ I said huh? “Ja,depend on diplomacy and conflict to achieve the necessary conquests on an 1 017 073 Neville our black women must stop wear- ing hair that’s not theirs, boast on stageeconomic stage. how ‘beautiful’ they look like kamma with Brazilian hair! What if a fight breaks outAGM NOTICE 2015 2016 between those girls at the back, the black girl has more points, loses her hair in theShareholders are advised that the Annual General Meeting of Trustco Group EPS Earnings per share achieved a result of 69 fight backstage… she comes back on stageHoldings Ltd will be held on 21 September 2017 at the registered office. (cents) cents (2016: 55 cents), without her hair… will she still be judged on same scoreline as before povi?”FINANCIAL HIGHLIGHTS It was dead silence in the house. Okay, the last thing I remember… this guy was mo- 2017 2016 % 55 69 representing a 25% growth from the ered with a Castelo bottle over his head. NAD'000 NAD'000 Change prior year. Net profit after tax rose 26% 1 246 762 1 150 286 8% 44 to NAD 530 million which represented a 529 952 419 798 26%Revenue 542 517 419 432 29% growth in all areas of the business, albeitNPAT 5 156 390 4 014 001 28%Headline earnings 2 492 450 2 189 064 14% being substantially bolstered by anotherTotal assetsNet asset value 2017 2016 % exceptional year in the property portfolio. cents cents ChangeBasic earnings per share 55.4 2015 2016 2017Headline earnings per 69.1 55.3 25%share 70.8 28% NAV PER SHARE The growth in the Net Asset Value ofNet asset value per 284 (cents)share 323 14% the group remains a function of organic 284 201 323 growth in the main business areas. During the 2017 financial year growth in PPE, 2015 2016 advances, investment properties and other receivables dominated the increases in the balance sheet and consistent with earnings, are largely attributable to 2017 investment activities. The banking and finance sector experienced an excellent growth of 54% in advances compared to the previous years’ growth of 47%.FULL ANNOUNCEMENT AT WWW.TGH.NASTATEMENTNote that any investment decision by investors and/or shareholders should be based on consideration of the full announcements published on SENS as well as informationpublished on the group’s website. The short form announcement is the responsibility of directors.AVAILABILITYThis unaudited short form announcement is only a summary of the reviewed provisional consolidated condensed financial results for theyear ended 31 March 2017, a summary of which has been released on SENS. The full version of the results is available on the group’s website or at our registered office:REGISTERED OFFICE: www.tgh.naTrustco House, 2 Keller Street, Windhoek, Namibia E-mail: [email protected] Telephone: +264 61 275 4501

14 ADVERTS 06 July - 12 July 2017 POWER LINES SERVICED LAND LIVE LIKE TARRED ROADS A KING WATER DRAINAGE AT OMBALA SYSTEM ESTATE. Living like royalty has never been this accessible with completly serviced erven spanning 310 to 390 m2 on plot and plan options. Set the foundation of your castle with our 2 bedroom, 1 bathroom offerings from only N$689 000 (Including transfer fees and conveyancing costs).Contact: Lizette So-Oabeb on 081 142 8785 or [email protected] for floor plans and pricing. 2017 June / July Intake Registration Now Open!! Accredited by Vocational & Short Courses: Be amongst the first to register at our The Namibia Qualifications Authority (NQA)/Ministry of Education new Vocational Training Centre Accounting & Finance Requirements: Grade 10 (those with higher qualifications may also Certificate (NQF level 4) | 1st Diploma (NQF level 6) apply).Please enquire about courses for students with less than Grade 10. 2nd Diploma (NQF level 7) People with disabilities are encouraged to apply Business Administration Certificate (NQF level 4) | 1st Diploma (NQF level 5)  Entrepreneurial Skills:  Computer System Maintenance  Start Your Own Business Programming 2nd Diploma (NQF level 6) Information Technology  Cisco Networking Human Resource Management  Server Administration Certificate (NQF level 4) | 1st Diploma (NQF level 6)  Computer Systems Repair  Graphic Design  Website Design  Medical Administration 2nd Diploma (NQF level 7)  IT Systems Support  Business Studies  ICT Systems & Principles  Travel & Tourism Office Administration  Comptia A+  Accomodation Services & Operations Certificate (NQF level 4) | 1st Diploma (NQF level 5)  Office Administration  Bricklaying & Plastering  Reception Skills  Clothing Production 2nd Diploma (NQF level 6)  Bookkeeping  Retailing  Marketing  Refrigeration & Air Conditioning Information Technology  Event Planning Certificate (NQF level 4) | 1st Diploma (NQF level 6) - Telemarketing  Photography - Social Media  Floral Design 2nd Diploma (NQF level 7) - Customer Service  Early Childhood Development - Advertising Agent Travel & Tourism (Kinder Garden Assistant) Certificate (NQF level 4) | 1st Diploma (NQF level 5)  Computerized Accounting  Tour Guiding  Health & Social Care 2nd Diploma (NQF level 6)  Plumbing  (E.g. Care for the Old & School Children) Joinery & Cabinet Assessor Trainer (Become a Trainer in Your Study Field)  Tailoring  Wall and Floor Tiling  Sport & Leisure - Fitness Instruction | Sport Administration Contact Us Languages & Language Services Special Offer  HouskeepingP.O. Box 50097 | Bachbrecht | Windhoek English Beginners Report Writing  Interior Design 1. 1 Language or Basic Computer English Advanced Public Speaking  Catering & Culinary Arts Skills: N$7505-7 Schweitzer Street | Windhoek West Business English Proposal Writing  Transport & Logistics  French German  Adult Literacy (Learn How to Write & Read) 2. 1 language + basic computerTel: +264 61 301032/4/5  Portuguese Oshiwambo skills or 2 languages: N$1200Fax: +264 61 301033 Damara Nama Day Care [email protected]  Community [email protected]

06 July - 12 July 2017 ADVERT 15 ACADEMIA SECONDARY SCHOOLWINDHOEK HIGH SCHOOLWINDHOEK AFRIKAANSE PRIVAATSKOOLSTEPPING STONE TO SPORTING DREAMSPeter de Villiers was impressed by the passion displayed by learners from Academia Secondary School, Windhoek Secondary School, and Windhoek Afrikaanse Privaat Skoolduring the recent Trustco High Performance Coaching Clinic sessions.“This time around I learned a lesson,” said de Villiers of his experience before sharing how his expectations were exceeded by one of the schools’ learners that appeared tonot be prepared.“It set the tone for the rest of the sessions that you should never underestimate your opponent no matter how prepared you are.” One of the learners exclaimed:“I never thought I would ever get to meet this legend in my life ever. Thank you Trustco!”Academia rugby coach, Bernardus Uakurumena, also thanked Trustco and de Villiers for taking a priceless experiences to those with little opportunity. @trustco_group www.tgh.na

16 SPORT 06 July - 12 July 2017 SPORT Indongo set for historic showdownNAM THROUGHWarriors ready to play South Africa ing bodies. “Never in the historyTO PLATE FINAL Gabby Tjiroze of the junior welterweight division has any boxer ever held five world title belts. This is how special this NAMIBIA’S boxing world cham- fight will be, predicted to bring the pion, Julius “The Blue Machine” world of boxing to a total standstill,” Indongo, will return to the ring said Nestor Sunshine Promotions’, when he faces Terence Crawford in Nestor Tobias. Tim Ekandjo, MTC a five-belt battle on 19 August in Chief Human Capital and Corpo- the United States of America. rate Affairs Officer, said, “I think it is appropriate to say that when The fight which will see five world your achievements redefine excel- titles, namely the WBO, WBC, lence, you have made history. MTC WBA, IBF and IBO Junior Welter- is proud to be part of re-writing weight belts, at stake and it is not history in the world of boxing something that happens often in and standing alongside the MTC boxing. The last time this happened was about 15 years ago. Sunshine Team against Terence Indongo became a unified world Crawford and champion in true road warrior anybody who fashion and captured the IBF junior doubts the welterweight title in 2016 when he ability of In- knocked out defending champion dongo and the Eduard Troyanovsky. Namibian spirit and courage.” In April this year, he unified the titles by shellacking defending WBA world champion, Ricky Burns, through a dominant unanimous decision. “I feel truly blessed to be at the right time at the right place and with the best team and spon- sor. After two massive world title wins against two world champions away from home, I am honoured to be part of it, to represent my country and winning it against a world class and undefeated fighter like Terence Crawford will be a bonus,” said Indongo. In the world of boxing, such a mega fight surpasses the honour of a unification fight, which is when oneFINAL: Brave Warriors against Swaziland where they won 1-0. Photo contributed world champion challenges anotherTHE Brave Warriors edged out Swaziland 1-0 in the 2017 COSAFA Cup Plate semi-final on world champion to unify the titles,Tuesday in South Africa. like Indongo did when he fought Ricky Burns. This fight is called a Full Undisputed World Title fight CHAMP OF CHAMPS: Julius “The Blue because it puts on the line all five Machine” Indongo is ready to face Gabby Tjiroze whose header crashed against the more but I’m ready to face South world title belts from top sanction- Terence Crawford. Photo contributed crossbar. Off-target shooting from the Africa,” said Mannetti. South AfricaAsecond-half goal by Roger Swazis cost them any chance of getting and Namibia meet each other in the Katjiteo was enough to see the back in the contest. Plate final at 16:00 on Friday at thenational team qualify for the Plate Moruleng Stadium, followed by thefinal where they will face host South Man of the Match, Deon Hotto, tournament’s Bronze medal match.Africa tomorrow, 7 July. attributed the victory to teamwork. “Our coach told us to take the match A much-changed South Africa side Namibia and Swaziland played out seriously to stay in the competition made up for the disappointment ofan error-ridden first half before the and try to keep the Plate we won last their quarter-final exit at the hands2015 winners took the lead through year,” he said. Facing South Africa, of Tanzania on Sunday by beatingKatjiteo in the 57th minute after being Hotto said his side is ready for Bafana Botswana 2-0 with goals from Riyaadset up by Itamunua Keimuine. Deon Bafana in the final. Coach Ricardo Norodien and Judas Moseamedi.Hotto’s skills on the left wing kept the Mannetti was a satisfied man in theSwazi defenders busy and almost set end. “It has been a tough week, but Namibia won the Plate competitionup a second soon after for Katjiteo, we pulled through and got that all on home soil last year and joins Mo- important goal. We could have scored zambique (2013) and Malawi (2015) as teams to have lifted the trophy.IOL wins Volleyball third place Maria David FNB Namibia sponsored N$20 000 buwa, said that they aim to bring vol- for the one-day tourney that attracted a leyball to the northern communities.THE Institute of Open Learning’s record of 19 companies from Oshakati,(IOL) Far North volleyball team Ongwediva, Ondangwa and Outapi. “Volleyball is not very popular, andscooped the third place during The Vice president of the Namibia through hosting of such tournamentsgames, that saw Pupkewitz Toyota Volleyball Federation, Hilary Dux Im- people will have a chance to have funOshakati being crowned champions and enjoy the game,” said Imbuwa.of the Far North Corporate Volley-ball for all on Saturday. GYMNASTS HEAD TO PORTUGAL The competition, in which 19 corpo- The Namibian Griffin Gymnastics Club will travel to Portugal to participaterate companies participated, started on in the fourth edition of the International Trampoline, Double-Mini Trampo-Saturday morning and lasted all day at line and Tumbling Competition “SCALABISCUP 2017” that is slated for 6 to 8the Oshakati Independence Stadium. July. Santarém has been a city connected to gymnastics, especially with the trampoline gymnastics, which plays an important role in the development of Defending champions, Pupkewitz the athletes. Seen in the photo from left to right: Leon van Wyk, Faith Enkali,Toyota, managed to thrash Bank of Na- Zacheo Jansen van Vuuren, coach Robert Hanibal, Hannah Cronje, Jeanettemibia (BoN) and retained the trophy, Victory: The IOL team pose for a picture after a victory. Photo contributed Steyn, James Cindano. Photo contributedthereby leaving BoN in second place.IOL defeated the Oshana RegionalCouncil in the semi-finals with a scoreof 15-8, comfortably putting itself inthird place. The tournament was held under theauspices of the Namibia VolleyballFederation (NVF) and the event wassponsored by First National Bank.