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WINNING NUMBERS NEWS BUSINESS SPORT 1 2976132 78 BRA ZEB BUSINESS MEMORABLE 9 2987900 78 REWARDS CLIMATE SPORTING QUICK MONITOR EVENTS OF 2017 6 2991389 78 THINKER IMPROVES P 20 1 2989724 78 P 03 P 08 12 2969322 78 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 • 14 December 2017 - 17 January 2018 • Edition # 611‘2018, A YEAR OF RECKONING’… head of state says performance is key in cabinet selection processWINDHOEK – President Dr Hage Geingob has once again “war on poverty and all forms of cor- of Health and Social Services, the without evidence,” he explained.hinted at a complete and possibly dramatic overhaul at ruption” and implementing a policy KORA Awards and the Namibia Air- The media briefing was alsohis next Cabinet reshuffle by declaring 2018 as the year of towards zero corruption. ports Company, amongst others, asreckoning. examples to illustrate government’s addressed by Vice-President Nick- “All forms of corruption are de- stance on rooting out corruption. ey Iyambo, Prime Minister Saara Staff reporter widespread speculations that those structive and must be rooted out, as Kuugongelwa-Amadhila, Information who were loyal and openly support- they divert public resources intended He, however, said that due process Minister, Tjekero Tweya, HigherSpeaking at the yearend press con- ed him during his campaign for the for developmental programmes and of law is important and that every- Education Minister, Itah Kandjii-Mu- ference held at State House yester- Swapo presidency will be at the fore threaten our Governance Archi- one remains innocent until proven rangi, Education Minister, Katrinaday, Geingob noted that while 2016 of cabinet appointments. tecture. An effective fight against guilty. Hanse-Himarwa, Attorney General,was the “year of implementation” and corruption is critical to effective gov- Sacky Shanghala, Finance Minister,2017 the “year of rededication”, next “I don’t need to consult anyone to ernance and the full execution of our Geingob also came to the defence Calle Schlettwein, Health Minister,year will see greater emphasis placed appoint and I don’t need to consult mandate. We remain committed to of the Anti-Corruption Commission Bernard Haufiku, Public Enterpriseon good governance, accountability anyone to fire someone. I heard fight corruption wherever it occurs,” (ACC), saying that criticism that the Minister, Leon Jooste, Environemntand service delivery. during congress that those who were he noted. watchdog wasn’t effective as it has Minister, Pohamba Shifeta and loyal to me will get appointments. not made large arrests is unwarranted. National Planning in the Office of the “All of you must go rest, because Cabinet members should all be loyal. He used the cancelling of the N$7 President, Tom Alweendo, and one ofnext year is going to be a very tough You must be loyal to Cabinet, not billion Hosea Kutako International “The ACC is being criticised be- Geingob’s special advisors, Dr Johnyear. Next year is the year of reckon- to me. We should talk about perfor- Airport upgrading tender, the lodging cause it hasn’t caught a big fish. That Steytler.ing,” he said. mances, not loyalty,” said Geingob. of investigations into the National Oil is not fair. They don’t have to grab a Storage Facility, the liquidation of big fish to prove that they are doing Highlights of the press conference The Head of State also shut down Geingob also used the occasion to the SME Bank, and the investigations their jobs. We are trying to do things will be published in coming days on address corruption by reiterating his into alleged mismanagement and properly. If we are going to grab Informanté’s Facebook page, the big- dubious tenders, such as the Ministry someone, it should be based on facts gest news platform in the country. and not just rumours and speculationBEWAREWith the Festive Season in full swing the long arm of the law formed an iron fist that will strike with zero tolerance. The police force hasincreased its presence on the national roads to deter the carnage on Namibian roads that are the bane of the holiday season. In the photoofficers of the law are inspecting cars at the Windhoek/Okahandja road block.  Photo: Marthina K Mutanga 33.N$99 Biscuits Snacktime Bakers 400G 15/12/2017 - 17/12/2017 45N$ .99 Nectar CE Juices 5LWEEKEND VALUE! Assorted Valid at all SHOPRITE outlets, while stocks last. WE RESERVE THE RIGHT TO LIMIT QUANTITIES

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2 NEWS 14 December 2017- 17 January 2018 Paternity dispute leads to murderCHILD KILLER ON THE RUNWINDHOEK-A Windhoek man accused of killing a boy he arrest has been enforced by Judge Nate Simbo was still in the suspect’s carebelieved was his son prior to rumours stating otherwise in Ndauendapo.Dawid faces a charge of at the time of his demise. DNA resultshis neighborhood is said to be missing and his whereabouts murder, read with the provisions of the conducted after the boy’s death con-unknown, the High Court has heard. combatting of the Domestic Violence firmed that Dawid was indeed not the Act. The prosecution is alleging that he boy’s biological father. Eba Kandovazu determine the trial dates. His law- killed Athanosius Simbo, a four-year- FLOWN: Simon Dawid. yer, Mbanga Siyomundji told State old boy he raised as his son, on 5 July The boy suffered fatal head inju- Photo contributedSimon Dawid, 43, has for the second Prosecutor Cliff Lutibezi that he also 2015 at his Katutura home. ries allegedly inflicted on him by thetime failed to appear in the Windhoek does not know where his client is. suspect, upon their arrival home fromHigh Court for his pre-trial conference, Dawid’s N$4 000 bail has now been This, according to the indictment, is visiting friends. Dawid previouslywhich was scheduled for Tuesday, to forfeited to the State and a warrant of because of rumours he heard that he denied guilt at Katutura Magistrate’s was not the biological father after he Court, before his case was transferred had broken up with the boy’s mother. to the High Court.Mysterious arrest warrant Police out in full force for holidaysinvestigated Niel Terblanche said. He said that those who stay home for the holidays and peopleNiel Terblanche As the end of 2017 creeps ever coming to visit the coast are closer Police in the Erongo region reminded that the police will notThe police in the Erongo Region are inves- ENIGMA: Swakopmund Constituency have started with a variety of spe- ZERO TOLERANCE: Commis- tolerate criminal activity and anytigating the origins of a warrant of arrest Councillor, Juuso Kambueshe. cial operations to curb criminal sioner Andreas Nelumbo, Erongo unruly behaviour. “People arethat was issued in Windhoek Magistrate’s Photo contributed activity and to ensure the safety Regional Commander. warned that drinking and drivingCourt during September this year in which of holiday makers visiting the Photo contributed will be dealt with severely. It isthe former Mayor of Swakopmund and existence of the arrest warrant wherein coast over the Festive Season. better to rather separate the twoMember of the Erongo Regional Council he is accused of one count of theft and 21 to notify the police if the plan activities or ensure that transportis ordered to appear before a court on counts of fraud. Amongst others, a special task to travel for the holidays. By with a sober driver is availablecharges of theft and fraud. force have been created and notifying the local police station to get home after a night out,” he “I don’t know who the person is who is police officers deployed to ensure your property will be included in said. Nelumbo said people em- In the warrant, Swakopmund Constit- accusing me of these crimes and why the that the coming New Year festiv- our patrol patterns to minimise barking on long journeys shoulduency Councillor, Juuso Kambueshe, warrant emerged when it did. I am not go- ities along the coast keep within breaking and entering efforts by do so with their own lives and theis accused of committing the fraud and ing anywhere and every person including the law. Commissioner Andreas criminal elements,” Nelumbo lives of others in mind. He saidtheft while he was still the mayor of the police knows where to find me. If the Nelumbo, Erongo Regional people should have considerationSwakopmund between November 2013 police decide to execute the warrant then Commander, said members of the for each other when using theand November 2015. The warrant of arrest justice must follow its course,” he said. police have been deployed from road and not to take unnecessarystates that the crimes were committed Henties Bay to Walvis Bay and chances.in the district of Windhoek during this Iikuyu said the outcome of the inves- will focus on specific tasks suchtime. The application for the warrant was tigation into the court document and its as monitoring people setting off With regard to the specialdone by a yet unnamed public prosecutor authenticity will determine if the police fireworks in residential areas. operations, he said members ofand the court document does identify an will execute the warrant of arrest. the community are encouraged toinvestigation officer. Deputy Commission- The massive operation will also inform the police of any criminaler Erastus Iikuyu, Erongo Regional Crime see a visible policing effort at activity. According to NelumboInvestigations Coordinator, said he was places where festivities formal or information holds the key tomade aware of the arrest warrant during informal are going to take place. prevent and solve crime.the Swapo Party Congress in the lastweek of November this year. According to “Coastal residents are remindedIikuyu an investigation has been launchedinto the origin of the arrest warrant. Also Wpaisfseeosfosntalwart politicianincluded in the investigation is the identityof the public prosecutor who applied for Niel Terblanche Greeff, one of the Mudge couple’s daughters, thisit and the magistrate that issued the court year marked the 67th year of marriage for her par-document on 13 September this year. He Thousands of Namibians yesterday took to social ents. She said her mother was 87 upon her passingsaid the investigation officer also needs to media to sympathise and mourn the passing away and is survived by Mudge, five children, 16 grand-be identified. of one of the grand dames of Namibian politics, me. children and 21 great-grandchildren. Stienie Mudge. Mrs. Mudge was widely regarded, Kambueshe said that he is aware of the respected and recognised as the rock of support be- Mrs Mudge was always at her husband’s side hind her husband and career politician, Dirk Mudge, through the tumultuous years from the middle sev- Seasons in the difficult times of transitional politics and enties to the late eighties when Namibian Independ- Greetings! Namibian Independence. ence had become a fact. Mudge is widely regarded for his role in improving relations amongst all The President, Dr Hage Geingob, yesterday Namibians and was politically resisted by especially recognised the role of Stienie Mudge, as supportive his own community and his role in independence wife in his yearly overview at State House when and his political involvement when he was ahead of he expressed his and the nation’s condolences with his time in pioneering non-racial political alliances. Dirk Mudge a stalwart politician and co-author of His friendship with the then OvaHerero Paramount the Namibian Constitution. According to Chrisna Chief, Clemens Kapuuo resulted in clandestine meetings. During this crucial and challenging political climate Mrs. Stienie Mudge was his unwavering support and in private they were rarely seen alone in public. Greef said a farewell service for family and friends that will be able to attend will be held in the Lukas Kirche in Ruining Street at 10h00 on Thursday. A memorial service will be held on the 12th of January in the Christus Kirche.Wishing all our loyal clients happiness Happy Holidays!and prosperity this holiday season andin the coming year! The Namibia Training Authority will be closed for business from 22 December 2017 to 2 January 2018. RIP: Stienie Mudge, in May 2015. Photo contributed As the year comes to a close, we look back and appreciate your priceless contributions towards truly making the NTA Namibia`s port of call for Vocational Education and Training skills. Therefore we would like to wish all our stakeholders peace, joy, love and hope for the festive season. www.nta.com.na

14 December 2017- 17 January 2018 NEWS 3JOB LOSSESPilchard industry in dire straits Early Christmas for care centreLOOM LARGERBelow average catches of especially pilchard for three consecutive fishing seasonscoupled with low prices for other small pelagic species like horse mackerel alreadycaused the retrenchment of 1 200 workers earlier this year. Niel Terblanche stock to recover. catches. FESTIVE CHEER: Trustco employees with the Frans Indongo Special Care Centre The information minister echoed President of the Namibia Seamen children . Photo: Maria DavidMore than 2 000 workers fromvarious other factories in Walvis the sentiments of the fisheries and Allied Workers Union, Paulus Maria David of Frans Indongo Special Care Cen-Bay and Lüderitz are now facing minister earlier this year when he Hango, said besides the affected tre.” She added that it’s not what thethe same fate as the total allowable said the pilchard stock was reduced workers many families are directly OKANDJENGEDI- More than 10 company has done, but the compassioncatch (TAC) for pilchard has been because of climate change. influenced by these mass retrench- orphans and vulnerable children at of the personnel for Trustco Far Northset at zero metric tonnes for the ments. Frans Indongo Special Care Centre in Ongwediva that counts. Receiving the2018-2020 fishing season. He also attributed the reduction Okandjengedi were treated to an early donation, Aili Shilongo, founder of of the pilchard species in Namibian “We all know that the pilchard Christmas as part of Trustco Far North’ Frans Indongo Special Care Centre, Minister of Information and Com- waters to an increase in seal and sector is unpredictable but if com- s Corporate Social Investment initia- expressed her gratitude to the person-munication Technology, Tjekero human populations, which create a panies diversified to other stocks tives. nel of Trustco Ongwediva for thinkingTweya, made the announcement in demand for pilchards. the industry would have been able of them and coming to spend time withWindhoek and said the moratorium to sustained some of the jobs and Every year, Trustco Far North person- them. She urged other companies toon pilchards will come into effect In September this year both the impact would have been much nel contribute to the initiative and emulate what Trustco is doing in assist-on 1 January 2018 and only end unionists and management of the less.” Despite the loss of 1 200 jobs spend some time with the vulnerable of ing those that are in need.on 31 December 2020. The deci- fishing companies said that the and 2 000 more to follow the fish- society.sion was taken at a recent Cabinet Namibian fishing industry is facing ing industry still employs roughly Last year, Trustco Far North spend ameeting. one of the darkest futures ever. At 15 000 people but many more of According to Trustco’s Chief Opera- day with pensioners of Opuwo to make that stage it was still hoped that those workers especially in the tions Officer, Katrina Basson, every a difference in the lives of those that Tweya said the decision was companies will receive a pilchard small pelagic industry now face a year they identify vulnerable children should have our respect and gratitudetaken on a recommendation made quota. very uncertain future. in order to support, and this year they for what they have sacrificed theirby the Marine Resources Advisory choose to remain close to home. “We entire lives for.Council to not harvest pilchards Some companies have resorted The fisheries ministry earlier decided to spend time with the childrendue to a low stock numbers in to importing frozen pilchard from this year explained that the totalNamibian fishing areas. The mora- countries like Morocco on a large allowable catch for pilchards wastorium aims to allow the pilchard scale to keep factories afloat but decreased by about 17 000 metric the practice was described as very tons from 31 000 in 2012 and 14 costly and unsustainable unless 000 in 2016. it could be augmented by local Supreme Wheels, Sales ...your trustworthy Pre-owned dealer with cars that have factory warranty!!! The Best Deals on WheelsBRA ZEB REWARDS QUICK THINKER 2011 Nissan Navara 2.5 TDCi 2016 Ford Ecosport 1.5Bra Zeb travelled Namibia to give away N$10 000 to a fast-thinking winner who knows their country. NLE$D2/3c5ab040x40 NA$m22bi0en0te00Congratulations to the lucky winner, Christina Swartbooi who walked away with the N$10 000 prize!#BraZebTreasureHunt #MixedMediaNSFAF trouble to be outdated outstanding payments for tuition Mike Kavekotora, at the time said Aili Iilonga fees. She said that there was an that the NSFAF management’s be- 2015 Chevy Ute 1.4 Sport 2015 Chevy Aveo 1.6 Sedan overview on how the management haviour of continuously demand-The Minister of Higher Educa- of NSFAF dealt with the matter, ing postponements of hearings N$ 159 000 N$ 105 000tion, Training and Innovation, which resulted in the decision amounted to arrogance, as theyItah Kandji-Murangi, announced of dissolving it as an independ- knew in advance what questions 2012 Nissan Navara 2,5 TDci 2015 Hyundai iX35 2.0that the Namibian Student Finan- ent entity. NSFAF is no stranger would be asked, and should havecial Assistance Fund would be to controversy and came under been ready to answer.  NLE$D2/9c9ab040x40 ND$C3i8A9W0D00dissolved as an independent entity scrutiny after it failed to appear at Kavekotora said the continuous Contact Nico at:and will now be a directorate the National Assembly Stand- postponements were a clear indi- – Value for Money – Tel: 061-304 903 • 081-334 9222under the ministry. ing Committee Public Account cation that the fund is in a mess.  Newer models with low kilos!!! – Forum meeting two weeks ago to and Tania at: Kandji-Murangi was answer- provide an explanation as to why Kandji-Murangi said that the Tel: 061-304 904 • 081-124 2221ing questions of mismanage- close to N$1,8 billion in student NSFAF employees’ salary struc-ment and corruption allegations loans were written off in 2014 tures will be adjusted accordingsurrounding the NSFAF board when the fund became a separate to that of the ministry.and top management, which has state entity.left many Namibian students NSFAF broke away from themissing examinations due to Public accounts chairperson, Ministry of Education in 2014 to become an independent entity. 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4 NEWS 14 December 2017- 17 January 2018YEAR IN REVIEW2017ayearofchallenges into whether or not police officers in November. Prior to this, Namibia They call me Rhino Man – profile every person who is arrested remained sub-Saharan Africa’s only Pellini Toivo Ya Toivo and/or charged for especially serious investment-rated Eurobond issuer. offenses. In August with his life-size rhino Herman Andimba Toivo ya Toivo, a Marine animals sculpture coming to life with every nationalist leader who fought a long At Oshana police station officers stroke, French artist Gé Pellini has ex- and dogged campaign for his land’s have been failing to take mugshots of The appearance of a dilapidated fish- pressed satisfaction at the transforma- independence and was jailed for 16 criminals as far back as 2013, making ing vessel in the harbour of Walvis tion daily. Pellini says he is delighted years alongside Nelson Mandela in it virtually impossible to release the Bay at the beginning of the year gave with the nickname Namibians have be- South Africa’s notorious Robben photographs of criminals for public rise to civil action rarely before seen stowed upon him. “Strangers call me Island prison, died at the age of 93 in awareness and caution after a prison amongst Namibians. ‘Rhino Man’,” he says, with a smile Windhoek on 9 June. break. on his face. At the end of the civil campaign Ya Toivo was an anti-apartheid One of the largest police stations which included several petitions The sculpture was created for anti- activist, politician, and political pris- in the north, at the time cited a lack signed by thousands of people from all poaching. oner active in the pre-independence of functioning cameras as the reason over the world the captain of the the movement and one of the co-foundersDippenaar for its failure to have mugshots of Rayazanovka, Ilya Sharapov, called all of the South West African People’s repeated offenders on hand. Namibian zealots. Organisation (Swapo) in 1960, and itsThe year 2017 kicked off with the predecessor the Ovamboland People’scommencement in the Regional Court Investigations found that some police In his letter the captain claimed that Organisation (OPO) in 1959, Nampain Swakopmund when Jandré Dip- officers did not even know that taking he represents the Beijing Ruier Animal reported.penaar entered a plea of ‘not guilty’ on a mugshot was procedural. Breeding and Promoting Companysix charges of murder. and apart from ranting that privileged Ya Toivo was released from prison Namibia gets downgraded racist Namibians control democracy in in 1984 and rejoined Swapo in exile in As the case continued through the the country also said that the country Lusaka, Zambia.year several witnesses testified for the The action taken by Moody’s Inves- will miss out on the construction ofstate. One of which was the young tors Services to downgrade Namibia’s an aquatic entertainment park worth He returned to Namibia in 1989 andAntonia Joschko the only other sur- long-term senior unsecured bond and about N$100 million somewhere at served as a Member of Parliament andvivor of the horrific head-on crash in issuer rating from Baa3 to Ba1 with a the coast. Cabinet Minister. He retired from ac-December 2014 that killed all of her negative outlook, on 11 August 2017 tive politics in 2006.immediate family and three friends of sent shockwaves within the public After insulting the Namibian Nationthe accused person, who testified dur- and private sector reflecting on the Sharapov declared in the letter that theing July about what she experienced countries deteriorating fiscal space, company was forced to give up on itsduring the crash. and contracting economy. Soon after request from the Ministry of Fisheries their downgrade from Moody’s rating and Marine Resources to grant them The trial was set down for the last which moved Namibia from a lower- a license to capture live marine mam-ten days of November during which medium investment grade to a non- mals for export purposes to the Asianseveral other witnesses were called investment grade or to ‘junk’ status aquarium and marine parks whereto testify. Amongst those were two the country was slapped on the wrist animals are forced to do tricks for theeyewitnesses who described in detail with a similar down grade by Fitch entertainment of visitors.what the saw on that fateful day inDecember 2014. In the end the vessel was declared to be irreparable and unseaworthy and The continuance of the trial would be was cut up into scrap metal.in the second week of October 2018and postponed the case until the 8th ofOctober 2018.Criminal mugshots grey areaIn April it came to light police sta-tions across Windhoek, and beyond,are bypassing unchecked a criminalprocedure Act to take photographs ofsuspects, following an investigation Revlon Amla Oil Playgirl Roll Deo Asstd Hair Food On/Shower To 2X100ML Shower Roll On/ 90ML Mum Roll On 2295 1695 1095 Sta Sof Fro Secrects Sof N Free Avo Shampoo Dye Honey Relaxer 350ML/X-Dry Braid 350ML/ 2X50ML 250ML Hi-Sheen Spray 350ML/Oil Sheen 1695 1695 X-Dry 250ML Satiskin Revlon 2395 Foam Bath Relaxer 2LT Asstd 250ML Asstd 4995 1895 Sof N Free Biscuits Look Beauty Revlon Special S-Control Galaxy Soap Feeling 250ML Party/Star 450ML 200GM x6 All Range 24952995 2995 1895 COSMETICA SPECIALS VALID FROM 14TH DEC TO 7TH JAN 2018 CBD, Namlex Chambers, Shop 4 Channel Life Tower, Shop 29 Shoprite Centre, Shop 4 Pick n Pay Centre, Ongava Street, Omongo Street, Etetewe Street, Independence Ave, Whk. 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14 December 2017- 17 January 2018 NEWS 5YEAR IN REVIEWThe ill-fated and terminated Kosie Pretorius venture because of serious infight- end in the Havana settlement where a Prisoners chop taxpayers’SME Bank ing and political backstabbing on the policeman, Exile Ndjalo, gave chase to money During July the 81-year-old veteran highest level. robbery suspects who overpowered himWhat started off as a means of hope politician, Kosie Pretorius, died and dragged into a house where they In May, an Informanté exposé showedfor small businesses countrywide peacefully at home in his bed after a Two Wolf armoured vehicles that viciously attacked him. In a separate that taxpayers fork out close to N$1 000will now be known as the end of short sick bed. In his life, Pretorius were hired out by MOD Operations incident last week, a 53-year-old secu- monthly just to feed a single inmatean era, given the winding-up of the was a member of the Legislative for operations in the northern oil- rity guard set an example at the Eluwa in the correctional and rehabilitationSmall and Medium Enterprises bank Assembly of South West Africa for rich areas of Soyo in Angola disap- Shopping Complex in Oshakati when he system, an amount that is four times(SME bank). The bank’s closure Gobabis from 1962 to 1989. From peared from the inventories of WMF, fought off a gang of criminals, foiled a more than what is spent on beneficiariesemanates from dubious offshore 1981 until the founding of the Action August26 and the NDF without a robbery and while injured and with the of the child welfare grant.investments that could no longer be Christian National (ACN) party in trace to whom the money for the hir- help of the police, still managed to arrest According to the latest figures, N$33 isaccounted for and its insolvency state, 1989. He was the leader of the Na- ing of the two vehicles was paid. two suspects. spent daily on feeding each of the esti-in that its liabilities, N$ 1.2 billion tional Party in what was then South mated 3 800 prisoners in the correction-exceed its assets, N$ N$ 900 000. N$ West Africa, an extension of the then Donkey Bay Engela danger zone for al service, which amounts to a total of200 million has reportedly disap- ruling party of South Africa. He also many N$990 per prisoner every month, whilepeared after it had been allegedly served Namibia as Minister of Water During June huge waves rolling onto the 242 101 children on child welfareinvested in a South African company, Affairs, and Post and Telecommuni- the Namibian coast because of a unique ONGWEDIVA – The year 2017 will each get a monthly grant of N$250.Mamepe Capital, which transferred cations in the Transitional Govern- weather pattern in the waters of Antarc- be remembered as a period when This means the Namibian taxpayerN$ 150 million of the money VBS ment of National Unity from 1988 to tica along with stormy weather further Engela State Hospital in Ohangwena spent about N$3,8 million monthly justMutual Bank, also in South Africa. 1989. Immediately prior to inde- north off of the South African Coast has Region was busted for its reputation to feed prisoners. pendence, he was an ACN member again drawn a large crowd of interna- of neglecting patients, of mistreatment That amount is but the peak of the ice-Nanny from hell of the Constituent Assembly, which tional surfers to Walvis Bay. of patients-believed to be the reason of berg, as it costs the taxpayer much more was in place from November 1989 a mother losing a baby in the delivery per month to incarcerate an inmate, withIn September the mother of the to March 1990. It was during this “Donkey Bay, Skeleton Bay, ‘that ward of Engela. This was revealed after additional expenses including moneynine-month-old baby girl that was period that he was part and parcel wave in Namibia’, call it what you may 38-year-old Peelina Nghikumwa lost her spend on water, electricity, clothes,viciously assaulted by her nanny on of the drafting of the Namibian it is widely accepted as an anomaly and baby in the Maternity Ward. toiletries and bedding for the prisoners.camera says she is slowly working Constitution. probably the best discovered wave in About 5% of the population aretowards rebuilding her daughter’s the world right now. Yes, other waves Nghikumwa said that nurses refused remand detainees awaiting trial and thetrust and confidence. North Koreans must go may have cleaner or bigger barrels, but to help her deliver and told her to stand majority, about 75%, of inmates have a when you’ve been and watched literally up and take a walk. The traumatic sentence length of up to two years. Annemarie Theron said her daugh- In June the Ministry of Defence endless barrels running down the sand experience has com-pelled her to sue theter, Laila, still has nightmares about (MoD) earlier this year directed its spit, you know immediately that this nurses that were on duty for ignoring Land-A-Drum drops thethe assault she endured at the hand commercial subsidiaries to end busi- isn’t normal.” That is how scores of her. ballof nanny of four months, Nicoline ness ventures with the North Korean international surfers visiting the coastHoëses. In a short visual recording state companies that have been sub- described their experience when surfing Street begging a cash cow In May it came to light the oncethe 31-year-old mother caught Hoëses contracted to construct its headquar- the phenomenon on the sandy peninsula much-lauded Land-A-Drum campaignviolently assaulting her daughter by ters and other related projects. The close to Pelican Point Street begging in Windhoek has seems to be in tatters after it yet againflinging her into her cot face down. directive came in the wake of calls become a lucrative business, with failed to meet a crucial deadline in ac- by the latest USA-backed latest UN Millionaires for a day beggars making as much as N$2 100 counting for citizen donor monies. The nanny then leaves the room sanctions on North Korea for its con- or more per month asking for spare The Land-A-Dollar campaign, anwith a crying Laila, and returns a tinued testing of missiles and nuclear In September security guards on duty change. initiative of the UNAM SRC, wasshort while later, picks up the baby weapons. All North Koreans were at the ATM machines of three differ- This amount is more than low income launched in August 2015 to help raiseby her feet and walks away with her sanctioned to leave Namibia before ent banks in Rehoboth were involved jobs like domestic work, garden- money for the Mass Urban Landwhile swinging her by her ankles. the end of July following a directive in a foot chase of at least two of the ing, car washing and pool cleaning, Servicing Program, under which 200 from the “higher offices”, leaving persons involved in the heist at Bank amongst others, generate monthly. 000 erven around the country will be Theron said she installed a hidden half-built projects, that include the Windhoek. Police have reported that Vernard !Naribib, a 44-year-old street serviced.camera in her house after she and her N$600 million Ministry of Defence N$525 000 of the stolen cash was beggar at the Hidas complex in Klein More than 400 drums were placed athusband, Johan, noticed suspicious HQ. retrieved during the arrest and detec- Windhoek told Informanté that beg- various locations in 15 towns for thebruises on their child’s neck and tives of the Serious Crime Division ging for money makes him and his collection of money from members ofshoulders. Hoëses, 38, was charged Arms sparks infighting are still trying to trace the remain- family up to N$70 per day. the public.with attempted murder, assault with ing N$800 000. During the heist the !Naribib, who is originally from It was announced that the collectionintent to do grievous bodily harm and THE lid is off a Pandora’s Box of robbers dropped a bag containing Gobabis, said that him and his two of the drums and subsequently, theill-treatment of a minor. political infighting, division between N$300 000 inside the bank building. nephews, age 13 and 18, currently stay counting of the money, had started generals in the high command and the at Kapps Farm so as to stay nearer to in mid-October 2016 countrywideEscaped lions on the Chief Procurement, Research and De- The robbers, two of who worked at town and cut down on travelling. and would be concluded at the end oframpage velopment of the NDF, August26 and the bank, were apprehended after a February 2017. Windhoek Machinen Fabrik (WMF) few hours near Oanob Dam when their Pure luck saves castaways Two months later, however, organis-WINDHOEK – Stray lions in Ka- , after the procurement of eight car got stuck. ers have remained tight-lipped, withokoland that recently escaped from armoured patrol vehicles(RG23M’s) In April, the desolate Namibian coastline very little information as to why theythe Etosha National Park managed to from South African manufacturer, Heroic officer fights back could have claimed the lives of nine men failed to yet again meet a set deadline.kill 19 goats in one night, leaving one Denel, sidestepping various links in after their vessel ran aground and they This was the fourth postponement oflivestock farmer in the area financial- the command and reporting chain. WINDHOEK - The images of a heroic had to battle the elements for more than the official figures-release deadline ofly devastated. Apart from the nearly WMF was not only in the know of policeman fighting for his life in the two days ashore. the campaign.two dozen goats that were killed in the developments, but squandered an emergency ward of a Windhoek hospital Against the odds, a group of tourists The postponements on the other threeone kraal in the Sesfontein Constitu- opportunity to participate in a joint after singlehandedly pursuing a gang of passing on the beach where the casta- occasions was allegedly necessitatedency, other farmers in the Kunene criminals is turning the tide against the ways were stranded spotted and rescued by the realisation that more time wasRegion also lost cattle and sheep in growing perception that criminal gangs the men who were running low on water needed in order for the project torecent weeks due to the lion attacks. can roam with impunity. Leading the and food after just two days. reach its N$1 million target. charge was the brave fight this week- The vessel, the Lucille Way, ran aground on a sandbank. The men abandoned their vessel while it was still in shallow water and used the life raft and what provisions they could grab. Their water was starting to run out and that the men only had a few biscuits between them for food.

6 NEWS 14 December 2017 - 17 January 2018 FROM THE NEWS DESK MERJA IILEKAA big catch mattersPresident Hage Geingob at yesterday’s year-end PIC OF THE DAYmedia briefing at State House laid into the detrac-tors of the Anti-Corruption Commission (ACC), PYEONGCHANG, SOUTH KOREA: Vehicles explode as part of a security drill ahead of the 2018 Pyeongchang Winter Olympic Games.more specifically, its Director-General, Paulus  Photo: Kim Hong-JiNoa. Geingob believes that it is unfair that criti-cism of ineffectiveness levelled against the ACC is THEORY OF INTEREST DESMOND P VAN HEERDENpremised on the watchdog not “catching a big fish”and reminded all the ACC doesn’t have to arrest MAY OUR STAR GUIDE YOUhigh-ranking officials to prove that it is doing its From the earliest times, humanity has victus (Dies Natalis Solis Invicti), the Ro- Of course, it was in 325 CE when the sol-job. looked to the stars for guidance. But not man sun god, following on 25 December. stice festival was incorporated into a reli-While I agree with the president that the effective- just any stars – our star, Sol, the sun. Bar- In Sri Lanka, the Buddhists have been gious festival about a teenage pregnancyness and success of the ACC in tackling corruption relling around the supermassive black celebrating the solstice since 200 BCE. that was successfully delivered in a stable,cannot solely be based on the size of its catch, I’m hole at the centre of the Milky Way gal- On the full moon in December, the Undu- due to the lack of any social care. This childalso of the opinion that for the ACC to be truly ef- axy at 790 000km/h, it has provided light vapa Poya festival kicks off, commemo- would become an icon in this religion,ficient, it has to instill a sense of confidence among and heat for the past 4.57 billion years.the people. And right now meeting public expec- Earth formed from its periphery, accreting rating Theri Sangamitta’s day of arrival and it is why this time is now known astations means no one must be spared and transpar- from its solar nebula, and blasts about its from India to establish the Order of Nuns Christmas. Surely if Jesus taught us an-ency and neutrality must be seen to prevail. And orbit at 107 000km/h, once a year. And and marking her bringing a sapling of the ything, it was that the unwanted kidsjustice served. then 200 000 years ago, mankind first ap- sacred Bodhi-Tree from Bodh Gaya and of teenage moms can turn out alright.Unfortunately, as it stands, perceptions are that pears on Earth’s ovoid surface, spinning planting it in Aunradhapura. On this day, But Christianity was not immediatelythe ACC only targets junior-ranking government around it at 1 674km/h, and looked up. Sanghamitta Day, ten ordained nuns ini- popular, and even up to the 14th century,officials, while the elite and their cronies continue Because even though most of this move- tiate the festive celebrations every year. the Germanic peoples of northern Europeto go unpunished. Perceptions are important for ment happened in nearly the same orbital And even in China, they’ve been celebrat- continued their solstice festival traditions,a watchdog organisation like the ACC that relies plane to the ecliptic (the path of the sun in ing the solstice via the Dōngzhì Festival, called the yuletide, celebrated with feastsheavily on whistleblowers to step forward. Public the celestial sphere), the earth happened to celebrating the yin and yang philosophy of meat and toasts. Toasts to Odin “fortrust must be restored to ensure that more cases of have a bit of an axial tilt. Specifically, an of balance and harmony in the cosmos. victory and power to the king”, to thecorruption are reported and the restoration of that axial tilt of about 23.4 degrees – the cause gods Njörðr and Freyr “for good harveststrust will mean a “big fish”. of the seasons on earth. The axial tilt chang- and for peace”, and to the king was drunk.To illustrate government’s stance of its zero tol- es the intensity of sunlight that reaches us Toasts to departed family were also com-erance towards corruption, the president yester- during the year, causing weather changes mon. It is from the Yule that the Christmasday listed actions such as the cancelling of the and making the sun appear higher or low- traditions of a tree and a wreath come from.N$7 billion Hosea Kutako International Airport er in the sky during certain times of year. Even in Muslim countries, the winterupgrading tender, the lodging of investigation into From its early years, humanity has been solstice is celebrated. In Iran, Shab-ethe National Oil Storage Facility, the liquidation of economically dependent on the seasons. Yaldā is celebrated on the “longestthe SME Bank, as well as the dubious awarding of Mating seasons of animals, planting sea- and darkest night of the year,” andtenders in the Health Ministry, the KORA Awards sons for crops, and more. But in the cold friends and family gather to eat, drinkand the Namibia Airports Company. climates of the northern hemisphere, one and read poetry. Red coloured fruitWhile any fight against corruption is commendable season in particular spelled danger. The and nuts are eaten, symbolizing theand admittedly, some of the investigations into these famine months, or winter, was particu- red hues of dawn and the glow of life.cases are at infant stage, the only thing that remains larly harsh. Starvation was common, The latest in the long line of solsticetrue for all these actions right now is that no one in but with our eyes on the skies, we could celebrations is Festivus. Originally athese cases has been arrested, or even charged. see the change in the position of the sun. family tradition of the O’Keefe’s inCorruption is alive and continues to breed in every At the winter solstice, the sun reached its the United States, it became a popu-section of society, with those in positions of power lowest point in the sky, and started to rise lar celebration after being televisedgenerally most compromised. Legislation has not again. With most cattle slaughtered so they in the sitcom Seinfeld. Describedsucceeded in curbing corruption and thousands in don’t have to be fed during the winter, as “the perfect secular theme for anbribes exchange hands every day. The media has and wine and beer made during the year all-inclusive December gathering,”done exceptionally well in exposing corruption in finally fermented and ready for drinking, it presents itself as an alternative forthe country, but the ACC does itself, and the pub- the sign that the sun was once again rising the commercialisation of Christmas.lic, a great disservice when it is seen to handle ma- in the sky became a time for celebration. It’s “a Festivus for the rest of us.”jor cases of suspected corruption with kid gloves. Ancient sites like Stonehenge, built around Here in Namibia, of course, we’ll beObvious cases of corruption that do not yield the 3000 to 2000 BCE, show evidence of this. experiencing the summer solstice, butdesired results either only expose the watchdog’s Stonehenge’s great trilithon was carefully we’ll still be celebrating. After all,inadequacies in tackling complicated cases, or aligned on a sight-line on the winter solstice humanity has become one big fam-speaks volumes of the efficiencies of the corrupt in sunset, indicating that the sun would rise ily over the years, and now we allcovering their tracks. Both of these scenarios are again the next day, and a year was reborn. celebrate together. So on Thursday,equally devastating. This has resulted in a great many feasts tra- 21 December 2017, at 18h28 just be-If the issues hampering the watchdog’s work are ditionally celebrated around the solstice. fore sundown, the sun will be direct-legal limitation and the slow pace of the judiciary, Indeed, the midwinter feast has become a ly above the tropic of Capricorn, thethen such issues should be addressed to eliminate centrepiece for many a culture. The Ro- solstice will have occurred. Feast, andfurther delays. Likewise, if certain laws are creat- man Republic held its feast of Saturnalia have a toast with family! For the fire ofing avenues for abuse, they should be relooked at. from as early as 497 BCE. With a sacrifice friendship lives in our hearts - as long asWhat we cannot allow is for the corrupt and greedy at the Temple of Saturn, then followed by it burns, we cannot drift apart. Thoughto continue without repercussions enriching them- a public banquet, and private gift-giving, quarrels arise, their numbers are few.selves at the expense of millions of Namibians. with continual partying and a carnival Laughter and singing will see us through! atmosphere, it is no wonder that the po- Desmond P van Heerden, HonsBComm EDITORIAL DISCLAIMER ets called it “the best of days.” Saturnalia (Stell) is the Chief Analytics Officer of lasted from 17 to 23 December, with the Trustco Group Holdings Ltd. Previous arti-• The newspaper’s views are not necessarily those of ceremony of renewal of light by Sol In- cles available online at http://toi.hopto.org/. He can be contacted at [email protected] our advertisers and the views aired in letters are not necessarily those of the newspaper.• Informanté publishes all advertisements in good faith and cannot be held liable for any misrepresentation, losses or injury to any reader making use of the products or services advertised.

14 December 2017- 17 January 2018 AFRICA/EDITORIAL 7 Higher enrolment numbers mask exclusion FFlilpipssidideeAFRICA’S INEQUALITIES CHRIS JACOBIEIN EDUCATION CHRIS JACOBIEAt the dawn of independence, incoming African leaders were quick to prioritiseeducation on their development agendas. Attaining universal primary education, Forward Namibiathey maintained, would help post-independence Africa lift itself out of abjectpoverty. THE bitter truths of 2017 -- the year that was -- must be faced before tackling the harder challenges that still lie ahead in 2018 – the year to Zipporah Musau education, a large number still remain limited household incomes, which come. out of school. limit children’s access to education.As governments began to build To address education inequality, A lack of government investment to Namibian society was politically and economically embattled like neverschools and post teachers even to the governments must invest heavily in create equal access to education also before. The nation successfully navigated some of the worst economicfarthest corners of the continent, with child and youth development through plays a part. storms in recent history and defended the legacy of democracy, peace andhelp from religious organisations and appropriate education and health Another barrier to advancing from stability.other partners, children began to fill policies and programmes. primary to secondary education isthe classrooms and basic education Higher-quality education, improves the inability of national institutions Factional and personal interest was pushed back at the gates of statewas under way. the distribution of skilled workers, in Africa to ensure equity across capture. The charging brigade of faction and self-interest had nothing toAfrica’s current primary school and state authorities can use this geographical and gender boundaries. lose, because they never had political power to lose in the first place. Theenrolment rate is above 80% on increased supply to build a fairer Disabled children are particularly fight for control over state resources is far from settled and Namibians willaverage, with the continent recording society in which all people, rich or disadvantaged. be challenged, because more have much more to lose as the governmentsome of the biggest increases in poor, have equal opportunities. As it The drivers of inequality in education and leadership strengthen their control over the treasury.elementary school enrolment globally is now, only the elites benefit from are many and complex, yet thein the last few decades, according quality education.Wealthy leaders in response to these challenges revolves It will get messy.to the United Nations Educational, Africa send their children to study around simple and sound policies With the past three years spent on election campaigns and personalScientific and Cultural Organisation in the best universities abroad, such for inclusive growth, the eradication internal rebellion, Namibians - instead of supporting Presidential efforts(UNESCO), which is tasked with as Harvard. After studies, they come of poverty and exclusion, increased to decisively act against bad administration and corruption - walkedcoordinating international cooperation back to rule their countries, while investment in education and human into their own ambush. They allowed themselves to be side-tracked byin education, science, culture and those from poor families who went to development, and good governance to bureaucratic gangsters that abused the political climate to advance theircommunication. More children in public schools would be lucky to get a ensure a fairer distribution of assets. personal and financial interests.Africa are going to school than ever job even in the public sector. With an estimated 364 million In a fight for economic survival all will be fair in love and war.before. Yet despite the successes Another challenge facing policy Africans between the ages of 15 and The politically and economically embattled and bruised Namibians willin primary school enrolment, makers and pedagogues is low 35, the continent has the world’s have to return to the trenches of unity to demand good administration andinequalities and inefficiencies remain secondary and tertiary enrolment. youngest population, which offers an accountable leadership for the benefit of all.in this critical sector. It is widely Only four out of every 100 children immense opportunity for investing Namibians must shake off the stranglehold of a tyranny of bureaucracyaccepted that most of Africa’s in Africa is expected to enter a in the next generation of African by serial offenders. Government officials have seemingly lost their feareducation and training programs graduate and postgraduate institution, leaders and entrepreneurs. Countries for accountability through impunity and entitlement. The knowledgesuffer from low-quality teaching and compared to 36 out of 100 in Latin can start to build and upgrade that their entrenched networks in the civil service can’t be untangled bylearning, as well as inequalities and America and 14 out of 100 in South education facilities and provide safe, conventional instruments secured their income for life.exclusion at all levels. Even with a and West Asia. non-violent, inclusive and effective The truth is that huge parts of the state are captured by a group of seniorsubstantial increase in the number Many factors account for the low learning environments for all. civil servants operating like a cartel. They are assisted by unscrupulousof children with access to basic transition from primary to secondary Chinese businesspersons which are involved in tax fraud, forgery, human and tertiary education. The first is - Africa Renewal trafficking, money laundering and plundering of wildlife resources. They sound like friends and comrades, but act like pirates plundering the shipMINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT they are sailing on. Senior civil servants, CEOs and Board Members of State-Owned Enterprises have, over the years, performed a bureaucratic MEDIA RELEASE ON coup d’état against the political authority and became masters instead of MORATORIUM ON ISSUANCE OF STATUS OF INVESTMENT CERTIFICATE servants of the people in search of crumbs that fall from their tables. Economically powerful administrators subverting their political bossesThe Ministry of Industrialization, Trade and SME Development (“the Ministry”) is responsible for the gave foreign governments and international institutions the confidence todevelopment and management of Namibia’s economic regulatory regime, on the basis of which the coun- treat Namibia as a banana republic and its citizens as swinging from thetry’s domestic and external economic relations are managed. trees. The Chinese ambassador, Zhang Yiming, in his arrogance or contemptThe Ministry is inter alia responsible for promoting growth and development of the economy through the for Namibia, wants sign boards in airports and on public buildings informulation and implementation of appropriate policies to attract investment, increase trade, develop Mandarin. It could have been excused were it the Year of the Monkey onand expand the country’s industrial base. Of particular importance is the mandate to issue the Status of the Chinese calendar, but to offend and insult Namibians and their leadersInvestment Certificate as per Part 11, articles 4 -15 of the Foreign Investment Act No.27, 1990. is now becoming a Chinese national sport in Namibia. President Geingob must be congratulated for his tactful reminder toThe objective of the Status of Investment Certificate as stated in section 10.1 provides an investor with the Chinese that “it might not be a good idea”. The EU-blacklisting ofthe opportunity to retain outside Namibia any payments in foreign currency for goods produced by the Namibia and the arrogance of rating agencies, although they are extremelyenterprise or any undertaking carried on by the enterprise which are exported from Namibia. important, enforce the image that Namibia is regarded as a banana republic. The apology of the EU in Windhoek, unfortunately, was too littleDuring the revision of the Foreign Investment Act, it was however decided that the Status of Investment too late.Certificate no longer serves the purpose for which it was initially intended and thus, it should not be In a shocking reality, incompetence now became life-threatening.issued for the reason that the benefits under the Status of Investment Certificate currently applies to Namibians, being equal and hopefully also attempting to be just and fair,all investors irrespective of whether they are holders of certificates or not, thus rendering it irrelevant. are therefore entitled to basic human dignity and access to public servicesFurthermore, this moratorium follows the repeal of the Foreign Investment Act as amended and the ga- and institutions of the state because they never demanded more than theyzetting of the Namibia Investment Promotion Act No. 9 of 2016. felt they deserved and are generally happy with the little they have. Those who demand are usually organisations and leaders that clearlyAccordingly, all investors and prospective applicants are hereby notified that the Ministry has placed a desire wealth for themselves, and abuse the diversity of variousmoratorium on the issuance of the Status of Investment Certificate effective from 31 August 2017. The communities to achieve it through dubious projects and tenders that theycurrent issued certificates will not be affected. spearhead under the guise of progress. The tragedy is that this comes at the expense of those communities who only desire basic health.For more information, please contact: Mr. Wilbard Nashandi @ 061-2837347 or Ms. Maria GN Nampolo The shortage and near collapse of medical assistance at state hospitals@ 061-2837324 cannot be a coincidence. The onslaught on health is total with evidence that the state medical scheme (PSEMAS) was raided and plundered at the same time. Similarly, the plundering of the Ministry of Education where corruption, tender fraud and ghost teachers and disaster at all levels of the Namibia Students’ Assistance Fund with students facing deportation from foreign institutions, cannot be seen in isolation. Namibians must start considering and fear a total onslaught on its natural and human resources. The dots should be connected that the ministries with the biggest budgets are the targets. The final dot that should be connected is the understaffed, underfunded and demotivated anti-corruption commission that contributes to the growing culture of impunity and an office of the Attorney General that is seemingly independent of Namibia and its challenges and priorities. The chilling picture emerges that Namibia needs serious skills and experienced investigators with a deep knowledge of complicated financial transactions and law to unravel the octopus that is sucking the life out of the public service and the public out of hope. Namibia is losing more than money and development. Namibia is losing its freedom, innocence, reputation and dignity as an independent country representing good governance and respect for the rule of law that is evading the rest of the world. The challenges of 2018 will be harder and more bitter than the challenges of 2017, but with leadership settled, Namibians will overcome.

8 BUSINESS 14 December 2017- 17 January 2018BUSINESSMARKET RECAP WEEKLY market review Index at highest level since January 2017 29 November to 05 December2017 BUSINESS CLIMATE NSX STOCKS CODE PRICE % VOLUME VALUE MONITOR IMPROVES ORYX PROPERTIES LTD ORY 20.60 - 50 1 030 BIDVEST NAMIBIA LTD NAMIBIA BREWERIES BVN 7.85 - - - AGRA LTD DOWN UP NICTUS HOLDINGS - NAM NBS 39.00 - - - FNB NAMIBIA HOLDINGS LTD AGR 1.48 - - - CAPRICORN INVESTMENT GROUP NHL 2.00 - - - WINDHOEK - The IJG He added that most major export TRUSTCO GROUP Business Climate Monitor commodities registered minor price HOLDINGS LIMITED FNB 46.65 (0.09%) 13 583 posted its biggest gain decreases between 0.5% and 2% for the year in October, whilst copper remains the excep- CGP 18.00 (0.44%) 412 7 452 climbing 1.34 points and tion, continuing its solid run and bringing the index to its increasing by 6% to its highest TUC/TTO 7.00 (6.67%) 547 3 753 highest level since Janu- level in three years. ary 2017.COMMODITIES PRICE % GLOBAL INDICES PRICE % Hopwood stated that compared NSX LOCAL 600 (0.10%) Zorena Jantze to the previous year, copper pricesBRENT CRUDE OIL 63.85 1.57% NSX ALL SHARE 1 179 (3.88%) are 41% higher and uranium pricesGOLD 1 245.30 (1.55%) JSE TOP 40 (2.16%) The leading indicator boasted an have increased by 7%, while goldPLATINUM 880.65 (3.99%) S&P 500 51 358 even more impressive gain, climb- is now 0.5% lower and diamonds UK FTSE 100 2 664 1.31% ing 3.6 points. While the index 5% lower.FOREIGN EXCHANGE PRICE % EURO STOXX 50 7 500 2.36% remained below the 50-point line HANG SENG 3 600 0.83% indicating an economic contraction, Furthermore, Hopwood notedN$ PER US$ 13.69 1.79% 28 794 (0.17%) the relatively strong increases indi- that continuing depreciation inN$ PER £ 18.21 0.77% cate a contraction at a slower rate. the Rand, however, has offset anyN$ PER € 16.06 0.98% negative impacts and has seen price This is according to the IPPR increases across the board in RandThe local market was rather active per GBP. It closed at N$ 16.06 against which released the Business INQUISITIVE: Graham Hopwood, terms, bringing some relief to thethis week, with the NSX Local index the Euro, a drop of 0.98%. Climate Monitor for the month of Director of the IPPR. mining industry.down 0.1% at 600, and the NSX Last week, the Bank of Namibia’s October 2017. Graham Hopwood, Photo contributedOverall Index down 3.88%, to close at Monetary Policy Committee elected Director of the IPPR stated that The Business Climate Monitor1179. As at 12 December, FNB Namibia to leave the repo rate unchanged at the on a year-on-year basis, 17 of the settling of outstanding invoices Index encompasses 31 indicators,was the largest local company on the 6.75%. They noted that economic the indicators monitored showed from the previous financial year. selected from available high-fre-exchange, with market capitalization activity in Namibia remained weak improvement, while the remaining New vehicle sales continued to fall, quency data.of N$ 12.5 billion, followed by Capricorn during the year, with the weak per- 14 declined. by 6.6% m/m and 6.7% y/y, reflect-Investment Group with N$ 9.3 billion, formance mainly reflected in the con- ing the financial pressure facing These are split into five broadNamibia Breweries with N$ 8 billion struction, wholesale and retail trade, “October saw the tabling of the consumers in the current economic categories, namely: policy envi-and Trustco Group Holdings with N$ as well as transport sectors. However, Mid-Term Budget, with fiscal climate,” Hopwood summarised. ronment, primary sector output,5.8 billion. In terms of volume, Capri- other economic activities such as min- expenditure increasing by N$4 bil- secondary and tertiary output, ex-corn Investment Group was in the lead ing, the number of livestock marketed, lion, of which N$2.2 billion is for Hopwood further explained ternal account, and pricing. Givenas with N$ 7.4 million worth of shares communication and manufacturing that after a marginal increase in the available high-frequency data,traded, with Trustco Group grabbing output improved. They maintain that September, annual inflation slowed these categories provide the bestsecond place with N$ 3.7 million worth that if the latter activities are sus- down to 5.2% in October, and the available high-frequency insightof shares traded. Oryx Properties tained it would create better prospects lowest seen since 2015. into developments in the localmanaged a third place in volume, with and help with economic recovery going economy and business cycle.just over N$ 1 million worth of shares forward.traded. The local currency lost 1,79% Market Quote: Nam strives to complete logistical capacityagainst the US Dollar, to close at N$ “I prefer to match words with deeds or13.69 per USD, and lost 0.77% against let the facts speak for me.”the British Pound, to close at N$ 18.21 – Leonardo Del VecchioDebt-fueled prosperity Zorena Jantze efficient and continuously growing process and create a collaborativeunsustainable ports of Walvis Bay and Lüderitz, environment between all stake- Zorena Jantze adjustment is gradual, although it feels WINDHOEK – “The clear objec- as well as a high quality trans- holders. It is a matter of concern extremely painful,” Thieme stated. tive is that by 2022, Namibia has port infrastructure which enables for the entire sectors,” !NarusebWINDHOEK – Business mogul Sven a sustainable transport system, us to move goods and people urged. The minister added that anThieme has scolded both the private sec- Thieme added that in addition to insa- supporting a world-class hub quickly within our country, to our international logistics hub wouldtor and government, asserting that they tiable consumption levels the country is connecting SADC to international neighbours and into the region,” require major services whichare living in an economic fantasy world facing, some people are really suffering, markets,” !Naruseb expanded. include port handling, storage, athat is completely unsustainable, as they whilst some are doing great. Expanding reliable transport network, collec-have become accustomed to debt-fueled on this, Thieme explained, “In summary, The above were the sentiments He further stated that govern- tion and distribution of goods andprosperity that they have been enjoying we have two problems: One, our collec- of the Minister of Works and ment efforts forward include cross-border arrangements.for so many years that it actually feels tive spending behaviour which requires Transport, Alpheus !Naruseb, NDP5 which stipulates transport“real”. moderation, and two the competiveness speaking at the Namibia Cham- and logistics to be a key develop- !Naruseb, however, added that of our country requires an overhaul, and ber of Commerce and Industry ment priority as it has tremendous despite a well-developed founda- Thieme, who is the president of the three, there is frustration with outcomes (NCCIs) national council meeting potential for job creation, and tion, the process to achieve theNamibia Chamber of Commerce and of our economic system,”. Thieme which delved into the NCCIs 2018 growth in trade. !Naruseb added objective would be a challengingIndustry (NCCI), delivered this mes- further said that government’s policy agenda of investing Innovative that the ministry has assumed one, as it would require, the exten-sage during the NCCI’s national council environment is still very conducive for Infrastructure to Drive Namibia as the governmental responsibility sion of the Walvis Bay Port withmeeting. Thieme echoed concerns that business, although it is shifting towards a SADC Logistics Hub. !Naruseb of transforming Namibia into a its new container and liquid bulkNamibia’s debt is growing much faster the left-wing ideology to correct the stated that it is government’s view logistics hub, from the National terminals are completed on time,than its GDP, and identified this as a failures of our free market system, which that Namibia’s geographical loca- Planning Commission. ensuring road infrastructure isbehavioural problem and not structural. is justifiable. “There is frustration with tion is strategically positioned to properly maintained and strategi-“Unfortunately, economic history has the status quo and a wave of legislations serve as a trade route to and from “As the project’s custodian, we cally improved and extended toshown us that it is simply not possible to is on the horizon to align business with the entire Southern African region are working towards ensuring the cater to heavy traffic resultinggrow your debt faster than your economy national development agenda. This is of the continent. “We have the capacity needed in place to imple- from the increase in cargo flow,indefinitely. At some point your con- evident in the narratives of our policy ment the Logistics Master Plan, amongst other objectives.sumption will drop back to a level more makers and recent legislations like NIPA, thereby enabling us to guide thisequal to your production. And this is it. NEEEF, and the Land Bill,” Thieme said.This is the time. Fortunately for us, this With the focus on government, ThiemeADOMANT: Sven Thieme, executive suggested improving the investment DEVELOPMENT: Walvis Bay and Lüderitz are examples of logistics huts with high-quality transport infrastructurechairman of the Ohlthaver & List climate and on trade liberalisation to in Namibia. Photo: fileGroup. Photo contributed strengthen the capacity of its members to take advantage of trade and investment opportunities. “With this in mind, the chamber will launch a comprehensive new knowledge platform focusing on Trade Intelligence. Through these initia- tives, we can deliver seminars and train- ings, disseminate research insights and data, as well as bring on board interna- tional resource persons to provide cutting edge information,” Thieme noted. He further concluded that the private sector needs to be prepared for the trade policy changes that are set to take place as better information and insight will ensure that the private sector contribution to policy formulation and trade agreement negotia- tions will be based on an understanding of the real merits of the issues.

14 December 2017- 17 January 2018 BUSINESS 9GRN DEBT ABOVE ECONOMICNamibiastuck instructuralproblemsGROWTH RATEWINDHOEK – “We expect borrowing cost to increase on the additional spending needed for thethe back of a recent credit downgrade by Fitch. financial year 2017/18 is a once-off transitory adjustment within a fiscal Zorena Jantze “Our downward revision was consolidation framework. on economic growth and widening the and policies that are pro-growth. We prompted by a continuous slow- income distribution. “We only foresee believe that fiscal discipline needs toThe government remains indebted, down in the construction sector. The “We find it hard to believe that this a turn-around once government takes be exercised,” Nangohongo con-with debt to GDP hovering around construction sector will remain a will be a once off event. The budget a firm stand on fiscal consolidation cluded.4.3% at the end of October 2017 drag on GDP as government reduced deficit as a percentage of GDP is es-which is above the threshold, we the budget for capital expenditure,” timated at 5.3% compared to a previ-believe that government will remain Indileni Nanghonga, Public Rela- ously estimated 3.5%. The deficit willindebted for a prolonged period,” tions Officer at Simonis Storm stated. mainly be funded through public debt. Nanghonga added that government It is worrisome that the debt growth This is according to Simonis Storm debt is expected to hover around level is projected to rise above thewealth management firm which 44.0% of GDP over the Mid-Term economic growth rate,” Nanghongareleased their economic outlook Expenditure Framework (MTEF) said Nanghongo stated that Namibiareport for Namibia 2018. The firm compared to a 37.7% previously is stuck in structural problems suchdetailed that they have revised GDP forecasted over the MTEF period. as high unemployment (specifically,for 2017 to -0.3% from the previously Nanghonga further emphasised that youth unemployment), a shrinkingestimated 0.5% and projected GDP debt sustainability remains a concern private sector, overregulation of manyat 2.2% and 2.4% in 2018 and 2019, as the Minister of Finance stated that industries, excessive increase in over-respectively. all debt and lack of skills that is a dragIndustry Growth Strategies on track BunoaNuuthrgoersisceldiednetsdutoctrioepnosrt Business Reporter sive stakeholder engagement between further said that MITSMED recognises Business Reporter specified in the agreed instruction; key stakeholders from the business the “importance of Namibian indus- continues to collect debit orders thatWINDHOEK - Last year, the Ministry community and public administra- tries as well as their potential and their WINDHOEK - Debit order clients’ have been cancelled or is subject to aof Industrialisation, Trade and SME tion who have a vested interest in the capabilities”. As such, industry growth whose money get deducted from stop payment instruction.Development (MITSMED), with the upgrade of the Namibian economy. promotion will be “one of the minis- their bank accounts without theirsupport of the Deutsche Gesellschaft try’s priorities in the years to come”. permission, are urged to report Nangonya stated that debit orderfuer Internationale Zusammenarbeit Mukubonda detailed that this interac- German Ambassador to Namibia Chris- such deductions as soon as they are fraud further occurs when third(GIZ) GmbH, launched their Indus- tive approach was emphasised during tian Matthias Schlaga welcomed the in- detected. parties debit accounts with incor-try Growth Strategies in 10 different the first year of implementation, elabo- stitutionalisation of a dialogue between rect amounts; collects a debit orderindustries. rating that steering committees were private actors and the government and Debit orders are often used as a without authorisation or collects formed for each of the industries as the stressed the importance of favourable means of payment for a range of a debit order that is not consistent Key stakeholders from the public and strategy is expected to be concluded in political and economic framework services, such as loan repayments with the clients’ instruction. “In theprivate sectors engaged on the progress the year 2020. conditions for private initiatives to and subscriptions fees. They are an event where banks determine that themade on these sectors and delved into flourish. Schlaga stated that the suc- instruction between a consumer and debit order is not authorised, banksthe next phase of industry growth strat- He added that the steering commit- cess of the sectoral growth strategies a third-party or service provider, may reverse the transaction and anyegies implementation, starting in 2018. tees, composed of members of the include the creation of Namibia Metal where consumers grant third parties related fees that are charged. WhenThe industry growth strategies are private sector and representatives from Fabrication Association which saw permission to deduct money from such activities are noticed, consum-inclusive of cosmetics products, game key public institutions, spearheaded some representatives of the Namibian their bank account for services ers should approach the relevantmeat, taxidermy, leather and leather the implementation process, together Metal Fabrication Industry engaging in rendered. Fillemon Nangonya, Com- third party and report the unauthor-products, Swakara wool, gemstones with dedicated working groups, they Agritechnica in Germany, the biggest munication Practitioner at the ised deduction,” Nangonya advised.and jewellery, handicrafts, seafood, designed and implemented innovative industry gathering for agriculture and Bank of Namibia (BoN) stated that Consumers may further cancel awood charcoal, and metal fabrication. interventions which brought the indus- agricultural machinery. Other strides often debit order-related disputes debit order by providing written orElijah Mukubonda, Public Rela- tries forward. In his key-note speech, include the The Eat Wild Festival, The arise when third party institutions other appropriate notification to thetions Officer at the Ministry of Trade Minister MITSMED, Immanuel Gemstone Showcase and various train- withdraw amounts before the date third party whom they have author-explained that the 10 industry growth Ngatjizeko, emphasised that the public ing that were offered to the stakehold- ised to make the deductions.strategies were developed with exten- and private sectors have “jointly laid ers of the different industries. a solid basis for the oncoming three years of implementation”. Ngatjizeko Apply now for 2018 Bricklaying & Plastering (Level 1) or Plumbing & Pipefitting (Level 1) Minimum requirement for acceptance into this programme is Grade 10 with Mathematics, Science and English. Current Grade 10 students can apply with their latest results. Acceptance will be confirmed upon receipt of final results. How to apply IOL encourages prospective students to download the application form from the IOL website, request it via email at [email protected], or collect the application form from the IOL Head Office in Windhoek. E-mail: [email protected] Tel: +264 61 270 9620 / +264 81 436 2444 c/o of Robert Mugabe and Dr David Kenneth Kaunda Street

10 ADVERT 9 2987900 78 6 2991389 78 1 2989724 78 12 2969322 78 14 December 2017- 17 January 2018 1 2976132 78 REMINDER THESE 5 NUMBERS APPEARED IN LAST WEEK’S INFORMANTÉ. IF YOU HAVE ONE OF THE NUMBERS, THEN YOU ARE A WINNER. CONGRATULATIONS Find us on 1 1 75628 2 6 1668200 40 1 115005 3 6 1699773 41 Mrs Joy Gawaxas 1 117952 3 6 1710356 41 1 324057 8 6 1731688 42 N$ 10 000 1 897145 22 6 173190 4 1 217852 29 6 1735842 42www.informante.web.na • 061-275 4700 • [email protected] 1 1272195 31 6 174164 4 1 1521225 37 6 1748175 42 STILL OUT THERE 1 1604251 39 6 1769999 43 1 1685389 41 6 1770057 43How do I win? 1 409719 10 6 1821654 44 1 733653 18 6 1871900 45 Check the number in the yellow 1 939729 23 6 1945866 47 block on the front page of your 1 203755 29 6 1976476 48 1 1354890 33 6 1982743 48 compare it to the list of numbers 1 1434620 35 6 2020740 49 1 1685844 41 6 2070771 50 You could also win 1 1973790 48 6 2077639 50 1 2176916 53 6 2100261 51 N$ 10 000 1 42224 3 6 2113255 51 1 239453 6 6 2315879 56 Double for Legal Shield members 1 323487 8 6 2302816 56 1 450947 11 6 2305614 56 1 493317 12 6 2314128 56 1 567371 14 6 213595 5 1 608904 15 6 2149104 52 1 978653 24 6 2151419 52 1 1061515 26 6 2194347 53 1 189401 29 6 263397 6 1 1890257 46 6 293392 7 1 1931888 47 6 297187 7 1 2139344 52 6 346076 8 1 219418 29 6 381326 9 1 1020684 25 6 382907 9 1 1644247 40 6 420676 10 1 1726263 42 6 432381 10 1 1807880 44 6 464257 11 1 817770 20 6 517582 12 1 855644 21 6 554570 13 1 75628 2 6 612902 15 1 117952 3 6 620622 15 1 192843 29 6 632333 15 1 1766000 43 6 659838 16 1 525884 13 6 716076 17 1 569246 14 6 721715 17 1 2341767 57 6 748700 18 1 2371276 58 6 754574 18 1 2389921 58 6 792512 19 1 2404711 59 6 827985 20 1 2435517 60 6 841546 20 1 2435174 60 6 873103 21 1 2465402 61 6 884695 21 1 2560092 64 6 904914 22 1 2630322 66 6 924083 22 1 2818311 72 6 955656 23 1 2848562 73 6 959516 23 1 2880137 74 6 989006 24 1 2941409 76 6 2276895 55 1 2941434 76 6 2278368 55 6 2272884 55 2 2 1339407 32 6 2360267 57 2 1505264 36 6 2364004 57 2 1630217 39 6 2344206 57 2 1877704 45 6 2380757 58 2 29273 1 6 2383706 58 2 2425997 59 6 2418044 59 2 2489220 61 6 2412382 59 2 2934817 75 6 2470620 61 6 2593647 65 3 3 1133948 27 6 2609512 65 3 1299974 31 6 2608297 65 3 1340694 32 6 2638393 66 3 1377601 34 6 2641041 66 3 1381634 33 6 2652291 66 3 1466155 35 6 2672785 67 3 1715028 41 6 2682785 67 3 1962464 47 6 2669864 67 3 244274 6 6 2699292 68 3 531983 13 6 2702193 68 3 654515 16 6 2699081 68 3 820206 20 6 2773410 70 3 30936 1 6 2766459 70 6 2795727 71 4 4 1052981 25 6 2793835 71 4 1301032 31 6 2789995 71 4 1550071 37 6 2823713 72 4 1633469 39 6 2830727 72 4 1798258 43 6 2832124 72 4 2004331 48 6 2864239 73 4 2045915 49 6 2869462 73 4 2087575 50 6 2897887 74 4 780874 19 6 2894686 74 6 2882614 74 5 5 1094581 26 6 2933024 75 5 1231083 30 6 2914285 75 5 1343246 32 6 2933887 75 5 2046733 49 6 2962477 76 5 2873631 73 6 2955868 76 6 6 1005582 24 8 8 1178290 28 6 1035687 25 8 2129008 51 6 1066478 26 8 2210771 53 6 1073498 26 8 683047 16 6 1078233 26 8 889215 21 6 1117840 27 8 2584400 64 6 1123028 27 8 2686929 67 6 1124797 27 6 1153306 28 9 9 1882868 45 6 1160104 28 9 2843215 72 6 1238606 30 6 1239007 30 11 11 2295548 55 6 1241610 30 11 2429795 59 6 1274370 31 11 2460533 60 6 2579695 64 11 2616344 65 6 2576293 64 11 2656311 66 6 1321132 32 11 2687891 67 6 1335627 32 11 2719212 68 6 1364992 33 11 2812868 71 6 1368297 33 11 2874898 73 6 1377601 33 11 2905927 74 6 1411564 34 11 2965799 76 6 1412267 34 6 1444355 35 12 12 2782210 70 6 1446396 35 6 1483624 36 13 13 2400860 58 6 1498190 36 14 13 2462323 60 6 1502098 36 13 2492740 61 6 1524483 37 13 2493578 61 6 1527048 37 13 2587208 64 6 1570793 38 13 2618329 65 6 1583924 38 13 2938765 75 6 1611512 39 6 1622739 39 14 2371006 57 6 1648820 40 6 1653620 40Visit Informanté’s Facebook page for more details on how you can win, how you can claim your prize as well as all the Ts & Cs. Errors & Omissions Excepted (E&OE) .

10 ADVERT 9 2987900 78 6 2991389 78 1 2989724 77 12 2969322 78 14 December 2017- 17 January 2018 1 2976132 78 REMINDER THESE 5 NUMBERS APPEARED IN LAST WEEK’S INFORMANTÉ. IF YOU HAVE ONE OF THE NUMBERS, THEN YOU ARE A WINNER. CONGRATULATIONS Find us on 1 1 75628 2 6 1668200 40 1 115005 3 6 1699773 41 Mrs Joy Gawaxas 1 117952 3 6 1710356 41 1 324057 8 6 1731688 42 N$ 10 000 1 897145 22 6 173190 4 1 217852 29 6 1735842 42www.informante.web.na • 061-275 4700 • [email protected] 1 1272195 31 6 174164 4 1 1521225 37 6 1748175 42 STILL OUT THERE 1 1604251 39 6 1769999 43 1 1685389 41 6 1770057 43How do I win? 1 409719 10 6 1821654 44 1 733653 18 6 1871900 45 Check the number in the yellow 1 939729 23 6 1945866 47 block on the front page of your 1 203755 29 6 1976476 48 1 1354890 33 6 1982743 48 compare it to the list of numbers 1 1434620 35 6 2020740 49 1 1685844 41 6 2070771 50 You could also win 1 1973790 48 6 2077639 50 1 2176916 53 6 2100261 51 N$ 10 000 1 42224 3 6 2113255 51 1 239453 6 6 2315879 56 Double for Legal Shield members 1 323487 8 6 2302816 56 1 450947 11 6 2305614 56 1 493317 12 6 2314128 56 1 567371 14 6 213595 5 1 608904 15 6 2149104 52 1 978653 24 6 2151419 52 1 1061515 26 6 2194347 53 1 189401 29 6 263397 6 1 1890257 46 6 293392 7 1 1931888 47 6 297187 7 1 2139344 52 6 346076 8 1 219418 29 6 381326 9 1 1020684 25 6 382907 9 1 1644247 40 6 420676 10 1 1726263 42 6 432381 10 1 1807880 44 6 464257 11 1 817770 20 6 517582 12 1 855644 21 6 554570 13 1 75628 2 6 612902 15 1 117952 3 6 620622 15 1 192843 29 6 632333 15 1 1766000 43 6 659838 16 1 525884 13 6 716076 17 1 569246 14 6 721715 17 1 2341767 57 6 748700 18 1 2371276 58 6 754574 18 1 2389921 58 6 792512 19 1 2404711 59 6 827985 20 1 2435517 60 6 841546 20 1 2435174 60 6 873103 21 1 2465402 61 6 884695 21 1 2560092 64 6 904914 22 1 2630322 66 6 924083 22 1 2818311 72 6 955656 23 1 2848562 73 6 959516 23 1 2880137 74 6 989006 24 1 2941409 76 6 2276895 55 1 2941434 76 6 2278368 55 6 2272884 55 2 2 1339407 32 6 2360267 57 2 1505264 36 6 2364004 57 2 1630217 39 6 2344206 57 2 1877704 45 6 2380757 58 2 29273 1 6 2383706 58 2 2425997 59 6 2418044 59 2 2489220 61 6 2412382 59 2 2934817 75 6 2470620 61 6 2593647 65 3 3 1133948 27 6 2609512 65 3 1299974 31 6 2608297 65 3 1340694 32 6 2638393 66 3 1377601 34 6 2641041 66 3 1381634 33 6 2652291 66 3 1466155 35 6 2672785 67 3 1715028 41 6 2682785 67 3 1962464 47 6 2669864 67 3 244274 6 6 2699292 68 3 531983 13 6 2702193 68 3 654515 16 6 2699081 68 3 820206 20 6 2773410 70 3 30936 1 6 2766459 70 6 2795727 71 4 4 1052981 25 6 2793835 71 4 1301032 31 6 2789995 71 4 1550071 37 6 2823713 72 4 1633469 39 6 2830727 72 4 1798258 43 6 2832124 72 4 2004331 48 6 2864239 73 4 2045915 49 6 2869462 73 4 2087575 50 6 2897887 74 4 780874 19 6 2894686 74 6 2882614 74 5 5 1094581 26 6 2933024 75 5 1231083 30 6 2914285 75 5 1343246 32 6 2933887 75 5 2046733 49 6 2962477 76 5 2873631 73 6 2955868 76 6 6 1005582 24 8 8 1178290 28 6 1035687 25 8 2129008 51 6 1066478 26 8 2210771 53 6 1073498 26 8 683047 16 6 1078233 26 8 889215 21 6 1117840 27 8 2584400 64 6 1123028 27 8 2686929 67 6 1124797 27 6 1153306 28 9 9 1882868 45 6 1160104 28 9 2843215 72 6 1238606 30 6 1239007 30 11 11 2295548 55 6 1241610 30 11 2429795 59 6 1274370 31 11 2460533 60 6 2579695 64 11 2616344 65 6 2576293 64 11 2656311 66 6 1321132 32 11 2687891 67 6 1335627 32 11 2719212 68 6 1364992 33 11 2812868 71 6 1368297 33 11 2874898 73 6 1377601 33 11 2905927 74 6 1411564 34 11 2965799 76 6 1412267 34 6 1444355 35 12 12 2782210 70 6 1446396 35 6 1483624 36 13 13 2400860 58 6 1498190 36 14 13 2462323 60 6 1502098 36 13 2492740 61 6 1524483 37 13 2493578 61 6 1527048 37 13 2587208 64 6 1570793 38 13 2618329 65 6 1583924 38 13 2938765 75 6 1611512 39 6 1622739 39 14 2371006 57 6 1648820 40 6 1653620 40Visit Informanté’s Facebook page for more details on how you can win, how you can claim your prize as well as all the Ts & Cs. Errors & Omissions Excepted (E&OE) .

14 December 2017- 17 January 2018 ADVERTS 11 Why not skip the queue? There’s no secret as to how long and frustrating the queues at the loan counters will be towards the festive season. So why not fast forward to your financial dreams coming true with Trustco Bank’s fast and e cient loan application process. Call us now to find out how! Windhoek: 061 434 8111 and 061 434 8110 Oshakati: 061 434 8310 Personal loans up to N$50, 000 available. SMS “SKIP” to 88811 Standard SMS rates apply. Ts & Cs apply. MAXGET THE ALL-NEW Enjoy all La Liga games and four new entertainment channels: La Liga games on SuperSport Select 4 (CH34), Sony Max (CH21), Fox (CH 19) and CBS Reality (CH 22). GOtv Max has the GOtv Plus channels, and more. GOtv Plus subscribers can enjoy watching GOtv Max from 1st October until 31st October on us. We are entertainment. NEW PACKAGE N$ 190 Over 40 ChannelsEMPIRE © 2017 Fox and its related entities. All rights reserved.

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14 December 2017- 17 January 2018 ADVERT 13 You can now buy prepaid electricity for these towns around the country: Keetmanshoop Okahandja Aranos Gochas Leonardville Gibeon Gobabis Mariental Omeya estate Auas view Osona village Kalkrand Stampriet Groot Aub Ariamsvlei Noordoewer Grunau Seeis Dordabis Giving more Namibians easy access to prepaid electricity Now more people across Namibia can purchase prepaid electricity via FNB’s self-service channels Buy prepaid electricity via: Online Banking Cellphone Banking FNB App eWallet FNB ATMs www.fnbnamibia.com.na

14 ENTERTAINMENT 14 December 2017 - 17 January 2018ENTERTAINMENT Namibia’s new sweethearts on the Afrikaans Rap scene 'BROES MET DIE LYNNE' HOT ON HIP HOP SCENENKOTB: Broes met die Lynne, Namibia’s pumping Afri- WINDHOEK – Broes Met Die Lynne Zorena Jantze and focuses on aspects of it, so for any Rapper thekaans crew is ready to take Namibia by storm. (Brothers with Lines/Bars/Ways) can “Friendship” (Broes). industry is very com- Photo contributed only be described as Namibia’s new The Informanté team petitive, and more so for sweethearts on the Afrikaans Rap scene, caught up with Ikey The Rappers on the mix- an Afrikaans Rapper,” dishing out lines accompanied by quality Adonis commonly known tape include Cole,Bahm, Adonis claimed. instrumental beats thumping in the back- as Ixa, the leader of the producer Big-J, ..Explicit, ground, their sound showcases a talented Hip Hop crew which and Mifty. Adonis added Adonis however thanked crew of six young rappers. explained that “Broes that Cole is the prodigy of their supporters and stated Met Lynne” is a mixtape the group and could quite that he does not do Hip possibly be the future of Hop but rate “HipHoop” ANNUAL FINANCIAL Hip Hop in Namibia. as music for him and is about spreading hope and TRUSTCO BANK NAMIBIAINFORMATION FOR THE Adonis explains that he not giving up on life. has been active in the Rap YEAR ENDED 31 MARCH 2017 industry for six years now “That’s why I don’t call Incorporated in the Republic of Namibia and stated that he believes my supporters “Fans”, Registration number : 2008/042 that the music industry is I call them my “Wet- biased, especially towards tige Masekinnez” (myStatement of Profit or Loss Year ended Year ended Overview of the 2017 financial results Afrikaans musicians. sister/brother from another 31 March 2017 31 March 2016 mother) because this NOTES NAD’000s Director’s report its foreseeable cash requirements. Related parties “Everyone wants a isn’t just music, it’s a NAD’000s receivables is expected to be settled within the new piece of the pie and no united voice, a voice thatInterest and similar income 2,766 The directors have the pleasure of presenting the financial year, which will further improve the company’s one wants to share .and resonates with struggles ofInterest expense and similar charges (1,397) 3,948 annual financial results for the year year ended 31 liquidity position. The directors are not aware of any most of them would do ordinary people,” Adonis (760) March 2017. new material changes that may adversely impact anything to get it and said.Net interest income before impairment of advances 1,369 the company. The directors are also not aware of any everything to hold on to 2 3,188 Nature of the business material non-compliance with statutory or regulatoryReversal of impairment losses on advances 1 1,317 requirements or of any pending changes to legislation, 1,371 Trustco Bank Namibia Limited provides innovative which may affect the company.Net interest income after impairment 2 2,846 4,505 banking products which promote economic For all yourOther income 3 168 development and cater for the banking needs of Financial results Entertainment NewsFee and commission income 542 399 individuals in growing sectors of the NamibianOperating expenses (19,898) economy. The bank will operate primarily in the Trustco Bank Namibia Ltd has successfully Call: ZoeyLoss before taxation (15,162) retail banking and micro-finance sectors servicing implemented the D+H “Phoenix System International”Taxation (15,139) individuals, families and entrepreneurs. There has core banking system during the year under review and @ 061-275 4721Loss for the period - (10,090) been no material changes to the nature of the has received full authorisation to participate in theOther comprehensive income - company’s business from the prior year. Trustco Bank Namibia Inter-bank Settlement System. The bank was www.informante.web.naTotal comprehensive loss (15,139) Namibia has representation in Oshakati, Omuthiya able to contain losses, which result in an N$ 15 m loss. - (10,090) and Windhoek, with its head office situated at the c/o The large operational expenditure is because of the fact - Keller street & Eugene Marais street, Windhoek. that Trustco Bank is still in process with related system (15,139) implementation such as the card management system (10,090) Share capital and electronic banking and cell phone banking, which require large capital outlay. Other operating expenditureStatement of Financial Position 31 March 2017 31 March 2016 Refer to note 10 of the annual financial statements consist of staff cost, brand development and related NAD’000s NAD’000s for detail of the authorised and issued share capital administration cost. Expectations are that income as well as share capital issued during the year. will be on the increase, which will be generated fromAssets 5,307 62,826 Authorised share capital was increased to 120 000 interest income from mortgage loans, the SME sectorCash and cash equivalents 12,033 748 shares during the period by the way of a special and transactional fee income once the card managementTrade and other receivables 1 35,604 resolution. Subsequent to year end Trustco Group system is fully implemented.Advances 38,642 Holdings introduced N$ 80 million into share capital.Property, plant and equipment 3,157 3,496 AuditorsIntangible assets 14,932 - Going Concern Deloitte & Touche NamibiaTotal Assets 71,033 105,712 The directors believe that the company has adequate financial resources to continue in operations for the Company secretaryLiabilities 18,366 4,971 foreseeable future and accordingly the annual financial For the yearTrade and other payables 10,169 9,674 statements have been prepared on a going concern Komada Holdings (Pty) Ltd endedBorrowings 4,924 67,837 basis. The directors have satisfied themselves thatDeposits 33,459 82,482 the company is in a sound financial position and For the year 31 March 2016 that it has sufficient capital and liquidity to meet ended NAD’000sEquity 4 120,000 100,000Share capital 9,840 386 Notes to the summarised financial information 31 March 2017General reserve NAD’000sAccumulated loss (92,266) (77,156) Note 1 – Advances 37,574 23,230Total Equity and Liabilities Gross advances opening balance 38,642 51, 358 We distribute 71,033 105,712 New advances 21,100 15,908 Advances repaid (24,138) (26,046) 65000 Year ended Gross advances closing balances 35,604 41,220 31 March 2016 Impairment (2,578) newspapers weekly, country-wide Net advances - 38,642 NAD’000s 35,604 To advertise call our sales rep today! Mandy 061 - 275 4178Statement of Cash Flows Year ended 399 Impairments – opening balance For the year For the year Kamati 061 - 275 4105 31 March 2017 3,948 Impairments released through income ended ended Lavinia 061 - 275 4240 (760) Amounts written off as uncollectable NAD’000s (11,265) Impairments – closing balance 31 March 2017 31 March 2016 (7,678) NAD’000s NAD’000sCash flows from operating activities 542 11,845Cash receipts from customers 2,766 56,600 (2,577) (3,074)Interest income (1,397) 60,767 2 491Interest paid (12,402) 6Cash paid to suppliers and employees (3,766) 2,575 (10,491) - (2,577)Cash used in operations 3,494 -Net decrease in advances to customers (4,112) Note 2 – Operating costs For the year For the year(Decrease)/increase in deposits and other liabilities (62,913) (4,112) Below is the detail of the major operating costs ended ended of the bankNet cash from operating activities (69,910) 52,889 Staff cost 31 March 2017 31 March 2016 9,937 Directors fees and remuneration NAD’000s NAD’000sNet cash from investing activities (7,609) Marketing 8,699 5,138 62,826 Auditing 469 510Proceeds on share issue 20,000 Consultancy and management fees 1,951 843Repayments of long term borrowings - Occupancy expenses 1,290 1,190 Depreciation and amortization - 92Net cash from financing activities 20,000 Administration and other overheads 1,042 1,306 878 574 5,451 5,489Net (Decrease)/increase in cash and cash equivalents (57,519) Note 3 – Taxation The bank did not raise any tax credits or deferred tax assets relating to tax losses in theCash at the beginning of the year 62,826 current or prior periods whilst accounting losses continue. Unrecognised cumulative tax losses of NAD88.1million (2016: NAD73.5 million) would result in a credit to income in future periods of NAD28.2million (2016: NAD23.5 million) if the full assessed loss were to be recognised.Total cash and cash equivalents at end of the year 5,307 Note 4 – Capital Authorised share capital was increased to 120 000 shares during the period by way of special resolution.Statement and Availability Capital adequacy for the year ended 31 March 2017 31 March 2017 31 March 2016 Total risk-weighted capital ratio (minimum 15%) 109.65% 50.84%Note that any investment decision by investors and/or shareholders should be based on consideration of the full announcements Tier 1 risk based capital (minimum 7%) 108.61% 49.96%published on the Trustco Group Holdings website www.tgh.na. Tier 1 leverage ratio (minimum 6%) 52.40% 21.50%This announcement is the responsibility of directors.This unaudited announcement is only a summary of the audited annual financial statements, the full version of the results are Audited results . ..available on the group’s website or at our registered office and head office.Registered office: Trustco House, 2 Keller street, Windhoek, Namibia auditors opinionHead office: NAMPA Building, c/o Keller street & Eugene Marais street, Windhoek, Namibia This summarised information is the responsibility of the company’s directors. The auditors, Deloitte & ToucheThe audited annual financial statements are available at the company’s registered and head office for inspection, at no charge, have issued their opinion on the company’s financial statements for the year ended 31 March 2017. The audit wasduring working hours. Copies of the full announcement may be requested by contacting the investor relations department. conducted in accordance with International Standards on Auditing. They have issued an unmodified audit opinion. These summarised financial statements have been derived from and are consistent in all material respects with the Directorate audited financial statements but are themselves not audited. A copy of their report is available for inspection at the Mr TJ Newton (chair), Dr Q van Rooyen*, Mr S Similo, Ms N Tshitayi company’s registered and head office. Any reference to future financial performance included in this announcement *executive has not been reviewed or reported on by the company’s auditors.

14 December 2017 - 17 January 2018 ENTERTAINMENT 15ENTERTAINMENT#METOO MOVEMENTSexual Harassment in the Entertainment Industry NEVILLE BASSONHITS NAMIBIAWINDHOEK - There and I saw her in the shop KO– MAWTUAANR1YA! E- 2are host of reasons STRONG: Varaakuani Hambira, Namibia’s sweetheart in the modeling industry. the other day,” she said.why women who Photo: VAN ART Graziadei This will be quite a weekend forreport sexual mis- Keya stated that she me at the coast. On Friday night Iconduct, including who promised to kickstart seemed like the producer with her as he paid little could see the discontent in will be having my show in Walvisunwanted advances her singing career, how- the young woman’s eyes Bay at the Atlantic Hotel. Baai-by their bosses, to ever, as time progressed, it was more interested in hav- attention to her music. She when she recently met her naars asseblief, please come ingroping and forced as she lost her opportunity numbers to just kick back the dustsex acts, are not ing a sexual relationship fell pregnant with his baby, to make it in the industry of 2017 and laugh at ourselves.believed. due to false promises. Mara ja, as laat registrasie as I am with so many things, I did not Zorena Jantze Fashion designer, Leah get the memo that there will be Masika, explained that a new song this coming festiveAnd with a steady sexual harassment in the season at the coast that will have drumbeat of new modeling industry has people bamboozled! I was sittingreports making headlines always been present, al- at home this week with my kidsinternationally, Namibia though more conceealed in dancing to this song like crazy,is no stranger to this saga the past. As a designer she crazy in their rooms! They wereas several women in the stated that amidst the rush lifting chairs over their heads andentertainment industry of fashion shows, female lifting each other. Mukuru uandje,raised their voices on the models sometimes even I called my local pastor to come#METOO movement. undress in front of male and help pray for these kids at my models, and get the odd house! I said, Pastor please come Varaakuani Hambira, lustful stare here and there. quickly, I think me and my wifeNamibia’s sweetheart in lost control over our family! Ourthe modeling industry, “Modelling entails being kids are either on flakka or theystated that although she alluring, sometimes there are under a tokoloshe spell! Howhas not experienced sexual are blurred lines. I think can anyone dance like this sowaarharassment in person, she Namibian women need to huh? I opened up my Wattsaphas been subjected to it on be more firm when they messages and boom, omunyesocial media. feel uncomfortable and omunye omunye! People dancing should be aware of their on roofs, picking up sidechicks “I think that most mod- rights,” Masika said. with superhuman strength overels are oblivious to the their heads in Mondesa in Swak-dangers of social media. A FREE kies! Okay luister mooi nou, allSeveral times I’ve been Colourds , Basters en Boere …approached by strangers Wimpy meal vouchers up for grabs! Omunye is a new song that iswhom claim to be work- trending. The meaning of theing for a modeling agency Win a free Wimpy meal voucher worth N$250 when you purchase anything at the Wimpy in Mariental, song comes from the Zulu wordand asked me to provide Keetmanshoop, or Otjiwarongo. meaning lifting something abovethem with nude pictures your head on top of something. Itor pictures that may be in All you have to do is: originates from Kwazulu Natal,compromising poses,” she the original capital of House mu-said. 1. Take a selfie with your receipt and the Licence *Winners announced every Friday. sic. Yes, I know ..please under- disk sticker you’ll get from the cashier stand us okay? When ‘De la Rey’ Miss Namibia 2010, Competition ends en ‘Kaptein’ also came out a fewmodel and actress, Odile 2. Upload it to Facebook or Instagram, tag 12 January 2018. years ago we did not understandMuller, also commented @BraZeb and #Wimpy the songs ..and we are also sorryon the subject and stated that we messed up your lyrics.that although she has not 3. Get your friends to like it because the most Black people were singing it loud-been subjected to any un- voted post gets the free meal voucher ly ‘Kaptein van die Suide la la la’wanted sexual advances in …sorry tog vir daai okay? So nowNamibia, she was sexually I’m not too sure how the Hererosharassed in South Africa. from Okakarara will warm to the news that Warakata has been Without revealing too overthrown by some Mbongoromuch on the subject, Mul- song right before the festiveler stated that women often season is starting! Namibians,bear the brunt when they we urgently need to have a musicreport sexual harassment Congress this weekend please. Weincidents. need a Namibian song that can counter this omunye nonsense just “There is definitely a lot to bring back sanity to our lives.of stigma attached to this Gazza, Dogg, Tate Buti if youissue, sometimes even the read this gents ..assamblief tog wewomen who have been need some Katutura interventionharassed feel a sense of on this Zuma invasion! Kho-shame, or would not like to masdal help ook hier asseblief,be viewed as a victim, as it bring back Tambaai, tambaai in ais a disempowering label, remix form or something! Well,especially in the cutthroat if all else fails ..lift up the nearestmodeling industry,” Muller chair, table, sidechick, bierkrat orstated. newborn baby …and lets omunye omunye omunye phez ‘komunye! Sally Ephraim Keya, See you in Wavis Bay!commonly known as SallyBoss Madam, explainedthat although she has notexperienced sexual harass-ment in the industry, it isa viable topic. Keya addedthat although she wouldn’tnecessarily label it assexual harassment, she haswitnessed naïve upcomingfemale musicians beingtaken advantage of. “I once met this youngwoman who got into a re-lationship with a producer

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18 SPORTS 14 December 2017- 17 January 2018Memorable sporting events of 2017Johannes defies the odds Nambala and Ananias Shikongo March. Nambala clinched his first Nation mourns Robbie Namibians to pay tribute to the late added to the jubilation when they Gold medal when he won the men’s celebrated Namibian number oneNamibia’s long distance runner, notched up wins at the 2017 World T13 200m race before claiming The Namibian sport fraternity suf- super fan, describing him as a trueHelalia Johannes, has once again ParaAthletics Grand Prix Competi- another Gold medal in the T13 400m fered a massive blow following the patriot and national icon.shown her competitors that age is tion in in March. Paralympic silver race after clocking 49.01 seconds. sad death of the country’s renownednothing but a number when she took medallist, Nambala won a Gold number-one sport superfan Robbiesecond place at the annual Sanlam medal in the men’s 200m T13 clock- Savage, who died aged 50 in July.Cape Town Marathon in South Af- ing 22.08 while in the men’s 200m Robbie, who has been described byrica in September, six seconds adrift T11 champion Shikongo claimed many as a true legendary supporterof Ethiopia’s Betelhem Moges who first place in 23.50. who never hesitated to choose whatwent on to win in 2:30.22. his heart really desired, died at the Nambala bags medals Katutura State Hospital after he suf-Paralympians make Na- fered a stroke.mibia proud Namibia’s Paralympics sprint- He rose to fame as the unofficial ing sensation Johannes Nambala, national sport mascot. His patriot-Fresh on the heels of the 27th Inde- scooped two Gold medals for the ism was spotted by President Hagependence celebrations, Namibia’s country at the FAZAA World Para Geingob when he was prime minis-Paralympian sprinters Johannes Athletics Grand Prix in Dubai in ter, who, also joined in with many2017 TRUSTCO GROUP Have a story you want to HOLDINGS LTD share? Or book an advert withSummarised group interim resultsfor the period ended 30 September 2017 our marketing department?HIGHLIGHTS ROYAL STATUS PLATINUM ACHIEVERS Contact Numbers 20% NAV Trustco earned Royal status and was placed Trustco placed second in the Deloitte’s annual “Best in the Top 10 of the Sunday Times Top 100 Company to Work For 2017” survey in Namibia and also Editors companies of the JSE for the 3rd consecutive earned a Platinum Achievers Award Seal. The seal is a year. Royal status is awarded to companies demonstration of the attractiveness of the organisation Nghidipo Nangolo who have placed in the Top 20 positions for and commitment to its people, enabling the a third consecutive year. organisation to market itself as an employer of choice. Editor-In-Chief Tel: 061 275 4726FINANCIAL HIGHLIGHTS REVENUE Email: [email protected] (NAD’000) Merja Iileka 2017 2016 560 171 News Editor NAD'000 NAD'000 Tel: 061 275 4719 408 066 498 769 Email: [email protected] 560 171Revenue 53 042 166 518 408 066 ReportersNPAT 53 035 166 346Headline earnings 5 505 128 4 357 156 2015 2016 2017 Eba KandovazuTotal assets 2 793 056 2 322 351Net asset value Revenues declined in 2017 from the previous years, as difficult Namibian economic News Reporter 2017 2016 conditions resulted in lower sales, mainly in the Investments segment. Trustco’s Tel: 061 275 4724Basic earnings per share cents cents focus during the interim period was to establish operational readiness at Meya MineHeadline earnings per 21.57 in Sierra Leone and executing phase 1 of the exploration programme. The revenue of Aili Iilongashare 7.11 21.54 the Resource segment will only materialise after the interim period.Net asset value per share 7.11 News Reporter 301 NAV PER SHARE 362 Tel: 061 275 4723 362 CENTS Marthina Mutanga 243 301 Multimedia JournalistLOOKING FORWARD 2015 2016 2017 Tel: 061 275 4717During the past year, Trustco weathered increasingly difficult conditions in the The increase in the net asset value of the group remains a function of organic growth Zorena JantzeNamibian economy. With Q1 and Q2 growth in Namibian GDP both showing in the main business areas. During the 2017 financial year growth in PPE, advances,negative growth of 1.7%, and economists predicting a similar picture for Q3, the investment properties and other receivables dominated the balance sheet. Capacity Business &country remained in a technical recession for the entire reporting period. This building in the resources segment was significant driver of this organic growth. Entertainment Reporterresulted in an average private sector credit extension (PSCE) growth of 7.4% as at31 August 2017, a reduction of 4.7% from 12.1% for the 2016 corresponding period. Tel: 061 275 4721The slow PSCE growth, evidenced by reduced growth in credit advanced to thehousehold and corporate sectors, impacted mortgage and instalment credit Gabriela Tjirozethe most. Sports ReporterOnly two economic sectors in Namibia, namely mining and agriculture, managed Tel: 061 275 4722to register strong growth for the first 8 months of 2017, which offset the negativegrowth for the construction, wholesale and retail trade and transport sectors. Maria DavidAlthough growth projections for the economies of Namibia and Southern Africa Northern Reporterremain weak, the growth projections for the global economy reflect an increase of Tel: 065 233 3000.4% from 3.2% to 3.6% for 2018. Niel TerblanchéA weakened ZAR/USD exchange rate further negatively impacted the growthof Namibia, given that the country remains a net importer. This exposure to a Coastal Reporterdomestic economy where so many of its inputs, such as exchange rate, food Tel: 064 212 000prices, drought and global liquidity remain outside of the control of governmentas well as private sector, shows that Trustco’s pursuit of cross border expansion Marketersand US dollar based revenues remains key for continued growth. Tersia BindemanNotwithstanding the above, Trustco’s operations continued to demonstratereliable performance coupled with resilience, even in the face of adverse COO Media Salesfinancial conditions. Tel: 061 412 521 081 142 9123The Board of Directors will continue to exercise its mandate to aggressively The Meya Prosperity Diamond - 476 carat. [email protected] shares as approved by the shareholders. Riaan SteynDIVIDENDS Sales & Admin ManagerThe board of directors has decided to defer the declaration of any 2018 Tel: 061 2754716interim dividend. [email protected] ANNOUNCEMENT AT WWW.TGH.NA AVAILABILITY DIRECTORATE Mandy Ockhuizen This unaudited short-form announcement is only a summary of the unaudited interim results, a summary Adv R Heathcote SC (Chairman)STATEMENT of which has been released on SENS. The full version of the results is available on the group’s website or at Dr Q van Rooyen (Managing Director)* Sales ExecutiveNote that any investment decision by investors our registered office. Mr J Mahlangu Tel: 061 2754715and/or shareholders should be based on Mr WJ Geyser [email protected] of the full announcements The unaudited interim results are available at the group’s registered office for inspection, at no charge, Mr RJ Taljaardpublished on SENS as well as information during working hours. Copies of the full announcement may be requested by contacting the investor Mr FJ Abrahams (Financial Director)* Hafunda Kamatipublished on the group’s website. The short-form relations department.announcement is the responsibility of directors. Sales Executive E-mail: [email protected] *executive Tel: 061 2754713 Telephone: +264 61 275 4501 REGISTERED OFFICE: [email protected] website: www.tgh.na Trustco House, 2 Keller Street, Windhoek, Namibia Nathanael Heita Sales Executive Tel: 061 2754714 [email protected] Ivy Mbaha Financial Administrative Assistant Tel: 061 2754711 [email protected] Matthew Castleman Sales Executive Tel: 061 2754713 [email protected]

14 December 2017- 17 January 2018 ADVERT 19Walvis Bay Ongwediva Special needs children enjoy festivities Trustco far North employees recently surprised the children of the Dr Frans Aupa Indongo Special Care Centre with an early Christmas lunch as part of their annual CSI initiative. The staff contributed N$5000.00, Christmas gifts, food hampers, toiletries and mattresses. The school has over 10 pupils with special needs, most of them are orphans. The gift of giving Utusib pensioners receive Christmas gifts Trustco’s Walvis Bay office extended a helping hand to three pensioners in the small community of Utusib, approximately 30km south of Walvis Bay. The donation, which comprised of blankets and food hampers, as well as cleaning materials was made on 8 December to sustain the pensioners for several months in the new year. www.tgh.na

20 SPORT 14 December 2017- 17 January 2018SPORTMEMORABLE SPORTINGAswetakealookdownmemorylaneEVENTS OF 2017Highs, lows, controversies and confusion - 2017 was an exciting time to be a sport fan. This Geingob summoned foot- Rio in November this year.week, Informanté Sport looks at the topics, people, and things that made news, the most ball to State Housememorable moments of the year. Here are the top stories that made headlines, this year. Champion cyclist killed in President Dr Hage Geingob sum- car accident Gabby Tjiroze Machine’ Indongo hit the ring to face parted ways with promoter Nestor moned football stakeholders to State America’s Terence Crawford, in a ‘Sunshine’ Tobias in December. House to demand answers on the cur- The Namibian Cycling FederationIndongo beats Burns to battle of unbeaten 140-pounders in rent issues affecting domestic foot- (NCF) and the Cycling fraternity inunify Super-Lightweight Nebraska, USA in August although NPL finally kicks off ball in March. Football in Namibia the Southern African country havetitles Indongo lost to Crawford, he put the has been experiencing a bumpy ride been thrown into a devastating mood Namibian name on the map. Football fans who had been long after MTC’s three-year agreement on the news of the death of Cyclist,Boxing - Namibia’s Julius Indongo starved of their soccer fix are now with the NPL came to an end at the Raul Costa Seibeb who died in a carbeat Ricky Burns in front of the Boxing mystery solved in for a treat when the beleaguered end of the 2015/2016 season. Since accident in May. This year proved toScot’s home Glasgow crowd in April domestic league, Namibia Premier then, the NPL has been struggling to be a sad one for the cycling fraternityto unify the Super-Lightweight divi- Boxing promoter and trainer Nestor League (NPL) finally kicked off. find a suitable sponsor which resulted when it also witnessed the passing ofsion with a unanimous points win. ‘Sunshine’ Tobias shed light on the NPL was officially launched in Oc- in the domestic league coming to a another cyclist, Elroy ‘King’ Beukes, storm of controversy and speculation tober, in Windhoek, with Namibia’s halt. who died while taking part in a me- over a video clip that circulated on sport chief benefactor MTC once morial ride for Seibeb. social media in August that insinuat- again reaffirming their support with Frankie Fredericks charged ed bribery in the fight between Julius N$15 million for each of the coming with corruption, money see page 18........ Indongo and Terence Crawford. The three seasons with FNB also confirm- laundering internet went wild following a video ing their support. of one of Indongo’s trainers picking Frankie Fredericks was being inves- up an envelope on live television. tigated after being paid almost $300 000 by the disgraced son of Lord Indongo parts ways with Coe’s predecessor as head of world Tobias athletics on the same day Rio was awarded the 2016 Olympics – in aFight of the Millenium In an ugly twist of events at the vote for which he was a scrutineer. country’s leading boxing promotion, Former world sprint championNamibia’s renowned Julius ‘Blue the MTC Nestor Sunshine Boxing Frankie Fredericks was charged with and Fitness Academy, it emerged that passive corruption and money laun- Namibia’s former triple world cham- dering relating to a graft probe into pion Julius ‘Blue Machine’ Indongo the awarding of 2016’s Olympics to

20 SPORT 14 December 2017- 17 January 2018SPORTIMORTABLE SPORTINGAswetakealookdownmemorylaneEVENTS OF 2017Highs, lows, controversies and confusion - 2017 was an exciting time to be a sport fan. This Geingob summoned foot- Rio in November this year.week, Informanté Sport looks at the topics, people, and things that made news, the most ball to State Housememorable moments of the year. Here are the top stories that made headlines, this year. Champion cyclist killed in President Dr Hage Geingob sum- car accident Gabby Tjiroze Machine’ Indongo hit the ring to face parted ways with promoter Nestor moned football stakeholders to State America’s Terence Crawford, in a ‘Sunshine’ Tobias in December. House to demand answers on the cur- The Namibian Cycling FederationIndongo beats Burns to battle of unbeaten 140-pounders in rent issues affecting domestic foot- (NCF) and the Cycling fraternity inunify Super-Lightweight Nebraska, USA in August although NPL finally kicks off ball in March. Football in Namibia the Southern African country havetitles Indongo lost to Crawford, he put the has been experiencing a bumpy ride been thrown into a devastating mood Namibian name on the map. Football fans who had been long after MTC’s three-year agreement on the news of the death of Cyclist,Boxing - Namibia’s Julius Indongo starved of their soccer fix are now with the NPL came to an end at the Raul Costa Seibeb who died in a carbeat Ricky Burns in front of the Boxing mystery solved in for a treat when the beleaguered end of the 2015/2016 season. Since accident in May. This year proved toScot’s home Glasgow crowd in April domestic league, Namibia Premier then, the NPL has been struggling to be a sad one for the cycling fraternityto unify the Super-Lightweight divi- Boxing promoter and trainer Nestor League (NPL) finally kicked off. find a suitable sponsor which resulted when it also witnessed the passing ofsion with a unanimous points win. ‘Sunshine’ Tobias shed light on the NPL was officially launched in Oc- in the domestic league coming to a another cyclist, Elroy ‘King’ Beukes, storm of controversy and speculation tober, in Windhoek, with Namibia’s halt. who died while taking part in a me- over a video clip that circulated on sport chief benefactor MTC once morial ride for Seibeb. social media in August that insinuat- again reaffirming their support with Frankie Fredericks charged ed bribery in the fight between Julius N$15 million for each of the coming with corruption, money see page 18........ Indongo and Terence Crawford. The three seasons with FNB also confirm- laundering internet went wild following a video ing their support. of one of Indongo’s trainers picking Frankie Fredericks was being inves- up an envelope on live television. tigated after being paid almost $300 000 by the disgraced son of Lord Indongo parts ways with Coe’s predecessor as head of world Tobias athletics on the same day Rio was awarded the 2016 Olympics – in aFight of the Millenium In an ugly twist of events at the vote for which he was a scrutineer. country’s leading boxing promotion, Former world sprint championNamibia’s renowned Julius ‘Blue the MTC Nestor Sunshine Boxing Frankie Fredericks was charged with and Fitness Academy, it emerged that passive corruption and money laun- Namibia’s former triple world cham- dering relating to a graft probe into pion Julius ‘Blue Machine’ Indongo the awarding of 2016’s Olympics to

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COLOUR YOUR WAY TO FINANCIAL GROWTHIt has become a Namibian festive tradition to travel long distances across the country HOW TO ENTERfor family gatherings and festive celebrations. This year is no different, except thatTrustco Group Holdings will be accompanying families on their travels with its Trustco Get yourself an Informanté copy, colour in and submit to any Trustco offices nation-Family Colouring-in Competition through the Informanté. wide. Alternatively, you can submit via postal services to Trustco Group Holdings, P.O. Box 11363, Windhoek.Kids are invited to enjoy the additional activities on the inside of the Informantécover and submitting the colouring-in artwork for a chance to win one of five hampers TERMS AND CONDITIONSin January valued at N$1000 each. What better way to fend off the boredom on a longroad trip? • The competition closes on Friday, 5 January 2018. • Artwork submitted via post will not be considered after closing date.The hamper is comprised of stationary ahead of the Back-to-School rush and a Sav- • The competition is open to children, 13 years old and younger.ings account from Trustco Bank Namibia that is pre-loaded with N$500. Be ready for • The competition is not open to Trustco staff and their immediate relatives.the 2018 school year with a hamper filled with back-to-school goodies that will have • Maximum two entries per child are allowed.you top of your class. • The competition submissions will be judged by Trustco’s creative department,Parents should motivate their children to partake in the colouring-in competition as a Mixed Marketing, and the judge’s decision will be final.means of starting their journey to saving for a brighter future. Underlying the offering • Prizes may not be converted for cash.of a Savings account is an effort by Trustco and Trustco Bank Namibia to promote a • Artwork will not be returned to entrants.culture of saving and to encourage parents to instil and maintain this culture in their • You may colour in using crayons, colouring pencils, markers, highlighters, inkchildren. pens…be creative. • Winner’s names and pictures may be published.Tel: +264 61 228 448 | Fax: +264 61 2293 389 | Email: [email protected] |Trustco Shares on WhatsApp: +264 81 150 1023Name: ENTRY FORMAge:City/Town: Surname:Email(Optional): Gender: Phone/Cell:

WINNING NUMBERS NEWS BUSINESS SPORT 1 2976132 78 BRA ZEB BUSINESS MEMORABLE 9 2987900 78 REWARDS CLIMATE SPORTING QUICK MONITOR EVENTS OF 2017 6 2991389 78 THINKER IMPROVES P 20 1 2989724 78 P 03 P 08 12 2969322 78 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 • 14 December 2017 - 17 January 2018 • Edition # 611‘2018, A YEAR OF RECKONING’… head of state says performance is key in cabinet selection processWINDHOEK – President Dr Hage Geingob has once again “war on poverty and all forms of cor- of Health and Social Services, the without evidence,” he explained.hinted at a complete and possibly dramatic overhaul at ruption” and implementing a policy KORA Awards and the Namibia Air- The media briefing was alsohis next Cabinet reshuffle by declaring 2018 as the year of towards zero corruption. ports Company, amongst others, asreckoning. examples to illustrate government’s addressed by Vice-President Nick- “All forms of corruption are de- stance on rooting out corruption. ey Iyambo, Prime Minister Saara Staff reporter widespread speculations that those structive and must be rooted out, as Kuugongelwa-Amadhila, Information who were loyal and openly support- they divert public resources intended He, however, said that due process Minister, Tjekero Tweya, HigherSpeaking at the yearend press con- ed him during his campaign for the for developmental programmes and of law is important and that every- Education Minister, Itah Kandjii-Mu- ference held at State House yester- Swapo presidency will be at the fore threaten our Governance Archi- one remains innocent until proven rangi, Education Minister, Katrinaday, Geingob noted that while 2016 of cabinet appointments. tecture. An effective fight against guilty. Hanse-Himarwa, Attorney General,was the “year of implementation” and corruption is critical to effective gov- Sacky Shanghala, Finance Minister,2017 the “year of rededication”, next “I don’t need to consult anyone to ernance and the full execution of our Geingob also came to the defence Calle Schlettwein, Health Minister,year will see greater emphasis placed appoint and I don’t need to consult mandate. We remain committed to of the Anti-Corruption Commission Bernard Haufiku, Public Enterpriseon good governance, accountability anyone to fire someone. I heard fight corruption wherever it occurs,” (ACC), saying that criticism that the Minister, Leon Jooste, Environemntand service delivery. during congress that those who were he noted. watchdog wasn’t effective as it has Minister, Pohamba Shifeta and loyal to me will get appointments. not made large arrests is unwarranted. National Planning in the Office of the “All of you must go rest, because Cabinet members should all be loyal. He used the cancelling of the N$7 President, Tom Alweendo, and one ofnext year is going to be a very tough You must be loyal to Cabinet, not billion Hosea Kutako International “The ACC is being criticised be- Geingob’s special advisors, Dr Johnyear. Next year is the year of reckon- to me. We should talk about perfor- Airport upgrading tender, the lodging cause it hasn’t caught a big fish. That Steytler.ing,” he said. mances, not loyalty,” said Geingob. of investigations into the National Oil is not fair. They don’t have to grab a Storage Facility, the liquidation of big fish to prove that they are doing Highlights of the press conference The Head of State also shut down Geingob also used the occasion to the SME Bank, and the investigations their jobs. We are trying to do things will be published in coming days on address corruption by reiterating his into alleged mismanagement and properly. If we are going to grab Informanté’s Facebook page, the big- dubious tenders, such as the Ministry someone, it should be based on facts gest news platform in the country. and not just rumours and speculationBEWAREWith the Festive Season in full swing the long arm of the law formed an iron fist that will strike with zero tolerance. The police force hasincreased its presence on the national roads to deter the carnage on Namibian roads that are the bane of the holiday season. In the photoofficers of the law are inspecting cars at the Windhoek/Okahandja road block.  Photo: Marthina K Mutanga 33.N$99 Biscuits Snacktime Bakers 400G 15/12/2017 - 17/12/2017 45N$ .99 Nectar CE Juices 5LWEEKEND VALUE! Assorted Valid at all SHOPRITE outlets, while stocks last. WE RESERVE THE RIGHT TO LIMIT QUANTITIES

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2 NEWS 14 December 2017- 17 January 2018 Paternity dispute leads to murderCHILD KILLER ON THE RUNWINDHOEK-A Windhoek man accused of killing a boy he arrest has been enforced by Judge Nate Simbo was still in the suspect’s carebelieved was his son prior to rumours stating otherwise in Ndauendapo.Dawid faces a charge of at the time of his demise. DNA resultshis neighborhood is said to be missing and his whereabouts murder, read with the provisions of the conducted after the boy’s death con-unknown, the High Court has heard. combatting of the Domestic Violence firmed that Dawid was indeed not the Act. The prosecution is alleging that he boy’s biological father. Eba Kandovazu determine the trial dates. His law- killed Athanosius Simbo, a four-year- FLOWN: Simon Dawid. yer, Mbanga Siyomundji told State old boy he raised as his son, on 5 July The boy suffered fatal head inju- Photo contributedSimon Dawid, 43, has for the second Prosecutor Cliff Lutibezi that he also 2015 at his Katutura home. ries allegedly inflicted on him by thetime failed to appear in the Windhoek does not know where his client is. suspect, upon their arrival home fromHigh Court for his pre-trial conference, Dawid’s N$4 000 bail has now been This, according to the indictment, is visiting friends. Dawid previouslywhich was scheduled for Tuesday, to forfeited to the State and a warrant of because of rumours he heard that he denied guilt at Katutura Magistrate’s was not the biological father after he Court, before his case was transferred had broken up with the boy’s mother. to the High Court.Mysterious arrest warrant Police out in full force for holidaysinvestigated Niel Terblanche said. He said that those who stay home for the holidays and peopleNiel Terblanche As the end of 2017 creeps ever coming to visit the coast are closer Police in the Erongo region reminded that the police will notThe police in the Erongo Region are inves- ENIGMA: Swakopmund Constituency have started with a variety of spe- ZERO TOLERANCE: Commis- tolerate criminal activity and anytigating the origins of a warrant of arrest Councillor, Juuso Kambueshe. cial operations to curb criminal sioner Andreas Nelumbo, Erongo unruly behaviour. “People arethat was issued in Windhoek Magistrate’s Photo contributed activity and to ensure the safety Regional Commander. warned that drinking and drivingCourt during September this year in which of holiday makers visiting the Photo contributed will be dealt with severely. It isthe former Mayor of Swakopmund and existence of the arrest warrant wherein coast over the Festive Season. better to rather separate the twoMember of the Erongo Regional Council he is accused of one count of theft and 21 to notify the police if the plan activities or ensure that transportis ordered to appear before a court on counts of fraud. Amongst others, a special task to travel for the holidays. By with a sober driver is availablecharges of theft and fraud. force have been created and notifying the local police station to get home after a night out,” he “I don’t know who the person is who is police officers deployed to ensure your property will be included in said. Nelumbo said people em- In the warrant, Swakopmund Constit- accusing me of these crimes and why the that the coming New Year festiv- our patrol patterns to minimise barking on long journeys shoulduency Councillor, Juuso Kambueshe, warrant emerged when it did. I am not go- ities along the coast keep within breaking and entering efforts by do so with their own lives and theis accused of committing the fraud and ing anywhere and every person including the law. Commissioner Andreas criminal elements,” Nelumbo lives of others in mind. He saidtheft while he was still the mayor of the police knows where to find me. If the Nelumbo, Erongo Regional people should have considerationSwakopmund between November 2013 police decide to execute the warrant then Commander, said members of the for each other when using theand November 2015. The warrant of arrest justice must follow its course,” he said. police have been deployed from road and not to take unnecessarystates that the crimes were committed Henties Bay to Walvis Bay and chances.in the district of Windhoek during this Iikuyu said the outcome of the inves- will focus on specific tasks suchtime. The application for the warrant was tigation into the court document and its as monitoring people setting off With regard to the specialdone by a yet unnamed public prosecutor authenticity will determine if the police fireworks in residential areas. operations, he said members ofand the court document does identify an will execute the warrant of arrest. the community are encouraged toinvestigation officer. Deputy Commission- The massive operation will also inform the police of any criminaler Erastus Iikuyu, Erongo Regional Crime see a visible policing effort at activity. According to NelumboInvestigations Coordinator, said he was places where festivities formal or information holds the key tomade aware of the arrest warrant during informal are going to take place. prevent and solve crime.the Swapo Party Congress in the lastweek of November this year. According to “Coastal residents are remindedIikuyu an investigation has been launchedinto the origin of the arrest warrant. Also Wpaisfseeosfosntalwart politicianincluded in the investigation is the identityof the public prosecutor who applied for Niel Terblanche Greeff, one of the Mudge couple’s daughters, thisit and the magistrate that issued the court year marked the 67th year of marriage for her par-document on 13 September this year. He Thousands of Namibians yesterday took to social ents. She said her mother was 87 upon her passingsaid the investigation officer also needs to media to sympathise and mourn the passing away and is survived by Mudge, five children, 16 grand-be identified. of one of the grand dames of Namibian politics, me. children and 21 great-grandchildren. Stienie Mudge. Mrs. Mudge was widely regarded, Kambueshe said that he is aware of the respected and recognised as the rock of support be- Mrs Mudge was always at her husband’s side hind her husband and career politician, Dirk Mudge, through the tumultuous years from the middle sev- Seasons in the difficult times of transitional politics and enties to the late eighties when Namibian Independ- Greetings! Namibian Independence. ence had become a fact. Mudge is widely regarded for his role in improving relations amongst all The President, Dr Hage Geingob, yesterday Namibians and was politically resisted by especially recognised the role of Stienie Mudge, as supportive his own community and his role in independence wife in his yearly overview at State House when and his political involvement when he was ahead of he expressed his and the nation’s condolences with his time in pioneering non-racial political alliances. Dirk Mudge a stalwart politician and co-author of His friendship with the then OvaHerero Paramount the Namibian Constitution. According to Chrisna Chief, Clemens Kapuuo resulted in clandestine meetings. During this crucial and challenging political climate Mrs. Stienie Mudge was his unwavering support and in private they were rarely seen alone in public. Greef said a farewell service for family and friends that will be able to attend will be held in the Lukas Kirche in Ruining Street at 10h00 on Thursday. A memorial service will be held on the 12th of January in the Christus Kirche.Wishing all our loyal clients happiness Happy Holidays!and prosperity this holiday season andin the coming year! The Namibia Training Authority will be closed for business from 22 December 2017 to 2 January 2018. RIP: Stienie Mudge, in May 2015. Photo contributed As the year comes to a close, we look back and appreciate your priceless contributions towards truly making the NTA Namibia`s port of call for Vocational Education and Training skills. Therefore we would like to wish all our stakeholders peace, joy, love and hope for the festive season. www.nta.com.na

14 December 2017- 17 January 2018 NEWS 3JOB LOSSESPilchard industry in dire straits Early Christmas for care centreLOOM LARGERBelow average catches of especially pilchard for three consecutive fishing seasonscoupled with low prices for other small pelagic species like horse mackerel alreadycaused the retrenchment of 1 200 workers earlier this year. Niel Terblanche stock to recover. catches. FESTIVE CHEER: Trustco employees with the Frans Indongo Special Care Centre The information minister echoed President of the Namibia Seamen children . Photo: Maria DavidMore than 2 000 workers fromvarious other factories in Walvis the sentiments of the fisheries and Allied Workers Union, Paulus Maria David of Frans Indongo Special Care Cen-Bay and Lüderitz are now facing minister earlier this year when he Hango, said besides the affected tre.” She added that it’s not what thethe same fate as the total allowable said the pilchard stock was reduced workers many families are directly OKANDJENGEDI- More than 10 company has done, but the compassioncatch (TAC) for pilchard has been because of climate change. influenced by these mass retrench- orphans and vulnerable children at of the personnel for Trustco Far Northset at zero metric tonnes for the ments. Frans Indongo Special Care Centre in Ongwediva that counts. Receiving the2018-2020 fishing season. He also attributed the reduction Okandjengedi were treated to an early donation, Aili Shilongo, founder of of the pilchard species in Namibian “We all know that the pilchard Christmas as part of Trustco Far North’ Frans Indongo Special Care Centre, Minister of Information and Com- waters to an increase in seal and sector is unpredictable but if com- s Corporate Social Investment initia- expressed her gratitude to the person-munication Technology, Tjekero human populations, which create a panies diversified to other stocks tives. nel of Trustco Ongwediva for thinkingTweya, made the announcement in demand for pilchards. the industry would have been able of them and coming to spend time withWindhoek and said the moratorium to sustained some of the jobs and Every year, Trustco Far North person- them. She urged other companies toon pilchards will come into effect In September this year both the impact would have been much nel contribute to the initiative and emulate what Trustco is doing in assist-on 1 January 2018 and only end unionists and management of the less.” Despite the loss of 1 200 jobs spend some time with the vulnerable of ing those that are in need.on 31 December 2020. The deci- fishing companies said that the and 2 000 more to follow the fish- society.sion was taken at a recent Cabinet Namibian fishing industry is facing ing industry still employs roughly Last year, Trustco Far North spend ameeting. one of the darkest futures ever. At 15 000 people but many more of According to Trustco’s Chief Opera- day with pensioners of Opuwo to make that stage it was still hoped that those workers especially in the tions Officer, Katrina Basson, every a difference in the lives of those that Tweya said the decision was companies will receive a pilchard small pelagic industry now face a year they identify vulnerable children should have our respect and gratitudetaken on a recommendation made quota. very uncertain future. in order to support, and this year they for what they have sacrificed theirby the Marine Resources Advisory choose to remain close to home. “We entire lives for.Council to not harvest pilchards Some companies have resorted The fisheries ministry earlier decided to spend time with the childrendue to a low stock numbers in to importing frozen pilchard from this year explained that the totalNamibian fishing areas. The mora- countries like Morocco on a large allowable catch for pilchards wastorium aims to allow the pilchard scale to keep factories afloat but decreased by about 17 000 metric the practice was described as very tons from 31 000 in 2012 and 14 costly and unsustainable unless 000 in 2016. it could be augmented by local Supreme Wheels, Sales ...your trustworthy Pre-owned dealer with cars that have factory warranty!!! The Best Deals on WheelsBRA ZEB REWARDS QUICK THINKER 2011 Nissan Navara 2.5 TDCi 2016 Ford Ecosport 1.5Bra Zeb travelled Namibia to give away N$10 000 to a fast-thinking winner who knows their country. NLE$D2/3c5ab040x40 NA$m22bi0en0te00Congratulations to the lucky winner, Christina Swartbooi who walked away with the N$10 000 prize!#BraZebTreasureHunt #MixedMediaNSFAF trouble to be outdated outstanding payments for tuition Mike Kavekotora, at the time said Aili Iilonga fees. She said that there was an that the NSFAF management’s be- 2015 Chevy Ute 1.4 Sport 2015 Chevy Aveo 1.6 Sedan overview on how the management haviour of continuously demand-The Minister of Higher Educa- of NSFAF dealt with the matter, ing postponements of hearings N$ 159 000 N$ 105 000tion, Training and Innovation, which resulted in the decision amounted to arrogance, as theyItah Kandji-Murangi, announced of dissolving it as an independ- knew in advance what questions 2012 Nissan Navara 2,5 TDci 2015 Hyundai iX35 2.0that the Namibian Student Finan- ent entity. NSFAF is no stranger would be asked, and should havecial Assistance Fund would be to controversy and came under been ready to answer.  NLE$D2/9c9ab040x40 ND$C3i8A9W0D00dissolved as an independent entity scrutiny after it failed to appear at Kavekotora said the continuous Contact Nico at:and will now be a directorate the National Assembly Stand- postponements were a clear indi- – Value for Money – Tel: 061-304 903 • 081-334 9222under the ministry. ing Committee Public Account cation that the fund is in a mess.  Newer models with low kilos!!! – Forum meeting two weeks ago to and Tania at: Kandji-Murangi was answer- provide an explanation as to why Kandji-Murangi said that the Tel: 061-304 904 • 081-124 2221ing questions of mismanage- close to N$1,8 billion in student NSFAF employees’ salary struc-ment and corruption allegations loans were written off in 2014 tures will be adjusted accordingsurrounding the NSFAF board when the fund became a separate to that of the ministry.and top management, which has state entity.left many Namibian students NSFAF broke away from themissing examinations due to Public accounts chairperson, Ministry of Education in 2014 to become an independent entity. 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4 NEWS 14 December 2017- 17 January 2018YEAR IN REVIEW2017ayearofchallenges into whether or not police officers in November. Prior to this, Namibia They call me Rhino Man – profile every person who is arrested remained sub-Saharan Africa’s only Pellini Toivo Ya Toivo and/or charged for especially serious investment-rated Eurobond issuer. offenses. In August with his life-size rhino Herman Andimba Toivo ya Toivo, a Marine animals sculpture coming to life with every nationalist leader who fought a long At Oshana police station officers stroke, French artist Gé Pellini has ex- and dogged campaign for his land’s have been failing to take mugshots of The appearance of a dilapidated fish- pressed satisfaction at the transforma- independence and was jailed for 16 criminals as far back as 2013, making ing vessel in the harbour of Walvis tion daily. Pellini says he is delighted years alongside Nelson Mandela in it virtually impossible to release the Bay at the beginning of the year gave with the nickname Namibians have be- South Africa’s notorious Robben photographs of criminals for public rise to civil action rarely before seen stowed upon him. “Strangers call me Island prison, died at the age of 93 in awareness and caution after a prison amongst Namibians. ‘Rhino Man’,” he says, with a smile Windhoek on 9 June. break. on his face. At the end of the civil campaign Ya Toivo was an anti-apartheid One of the largest police stations which included several petitions The sculpture was created for anti- activist, politician, and political pris- in the north, at the time cited a lack signed by thousands of people from all poaching. oner active in the pre-independence of functioning cameras as the reason over the world the captain of the the movement and one of the co-foundersDippenaar for its failure to have mugshots of Rayazanovka, Ilya Sharapov, called all of the South West African People’s repeated offenders on hand. Namibian zealots. Organisation (Swapo) in 1960, and itsThe year 2017 kicked off with the predecessor the Ovamboland People’scommencement in the Regional Court Investigations found that some police In his letter the captain claimed that Organisation (OPO) in 1959, Nampain Swakopmund when Jandré Dip- officers did not even know that taking he represents the Beijing Ruier Animal reported.penaar entered a plea of ‘not guilty’ on a mugshot was procedural. Breeding and Promoting Companysix charges of murder. and apart from ranting that privileged Ya Toivo was released from prison Namibia gets downgraded racist Namibians control democracy in in 1984 and rejoined Swapo in exile in As the case continued through the the country also said that the country Lusaka, Zambia.year several witnesses testified for the The action taken by Moody’s Inves- will miss out on the construction ofstate. One of which was the young tors Services to downgrade Namibia’s an aquatic entertainment park worth He returned to Namibia in 1989 andAntonia Joschko the only other sur- long-term senior unsecured bond and about N$100 million somewhere at served as a Member of Parliament andvivor of the horrific head-on crash in issuer rating from Baa3 to Ba1 with a the coast. Cabinet Minister. He retired from ac-December 2014 that killed all of her negative outlook, on 11 August 2017 tive politics in 2006.immediate family and three friends of sent shockwaves within the public After insulting the Namibian Nationthe accused person, who testified dur- and private sector reflecting on the Sharapov declared in the letter that theing July about what she experienced countries deteriorating fiscal space, company was forced to give up on itsduring the crash. and contracting economy. Soon after request from the Ministry of Fisheries their downgrade from Moody’s rating and Marine Resources to grant them The trial was set down for the last which moved Namibia from a lower- a license to capture live marine mam-ten days of November during which medium investment grade to a non- mals for export purposes to the Asianseveral other witnesses were called investment grade or to ‘junk’ status aquarium and marine parks whereto testify. Amongst those were two the country was slapped on the wrist animals are forced to do tricks for theeyewitnesses who described in detail with a similar down grade by Fitch entertainment of visitors.what the saw on that fateful day inDecember 2014. In the end the vessel was declared to be irreparable and unseaworthy and The continuance of the trial would be was cut up into scrap metal.in the second week of October 2018and postponed the case until the 8th ofOctober 2018.Criminal mugshots grey areaIn April it came to light police sta-tions across Windhoek, and beyond,are bypassing unchecked a criminalprocedure Act to take photographs ofsuspects, following an investigation Revlon Amla Oil Playgirl Roll Deo Asstd Hair Food On/Shower To 2X100ML Shower Roll On/ 90ML Mum Roll On 2295 1695 1095 Sta Sof Fro Secrects Sof N Free Avo Shampoo Dye Honey Relaxer 350ML/X-Dry Braid 350ML/ 2X50ML 250ML Hi-Sheen Spray 350ML/Oil Sheen 1695 1695 X-Dry 250ML Satiskin Revlon 2395 Foam Bath Relaxer 2LT Asstd 250ML Asstd 4995 1895 Sof N Free Biscuits Look Beauty Revlon Special S-Control Galaxy Soap Feeling 250ML Party/Star 450ML 200GM x6 All Range 24952995 2995 1895 COSMETICA SPECIALS VALID FROM 14TH DEC TO 7TH JAN 2018 CBD, Namlex Chambers, Shop 4 Channel Life Tower, Shop 29 Shoprite Centre, Shop 4 Pick n Pay Centre, Ongava Street, Omongo Street, Etetewe Street, Independence Ave, Whk. 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14 December 2017- 17 January 2018 NEWS 5YEAR IN REVIEWThe ill-fated and terminated Kosie Pretorius venture because of serious infight- end in the Havana settlement where a Prisoners chop taxpayers’SME Bank ing and political backstabbing on the policeman, Exile Ndjalo, gave chase to money During July the 81-year-old veteran highest level. robbery suspects who overpowered himWhat started off as a means of hope politician, Kosie Pretorius, died and dragged into a house where they In May, an Informanté exposé showedfor small businesses countrywide peacefully at home in his bed after a Two Wolf armoured vehicles that viciously attacked him. In a separate that taxpayers fork out close to N$1 000will now be known as the end of short sick bed. In his life, Pretorius were hired out by MOD Operations incident last week, a 53-year-old secu- monthly just to feed a single inmatean era, given the winding-up of the was a member of the Legislative for operations in the northern oil- rity guard set an example at the Eluwa in the correctional and rehabilitationSmall and Medium Enterprises bank Assembly of South West Africa for rich areas of Soyo in Angola disap- Shopping Complex in Oshakati when he system, an amount that is four times(SME bank). The bank’s closure Gobabis from 1962 to 1989. From peared from the inventories of WMF, fought off a gang of criminals, foiled a more than what is spent on beneficiariesemanates from dubious offshore 1981 until the founding of the Action August26 and the NDF without a robbery and while injured and with the of the child welfare grant.investments that could no longer be Christian National (ACN) party in trace to whom the money for the hir- help of the police, still managed to arrest According to the latest figures, N$33 isaccounted for and its insolvency state, 1989. He was the leader of the Na- ing of the two vehicles was paid. two suspects. spent daily on feeding each of the esti-in that its liabilities, N$ 1.2 billion tional Party in what was then South mated 3 800 prisoners in the correction-exceed its assets, N$ N$ 900 000. N$ West Africa, an extension of the then Donkey Bay Engela danger zone for al service, which amounts to a total of200 million has reportedly disap- ruling party of South Africa. He also many N$990 per prisoner every month, whilepeared after it had been allegedly served Namibia as Minister of Water During June huge waves rolling onto the 242 101 children on child welfareinvested in a South African company, Affairs, and Post and Telecommuni- the Namibian coast because of a unique ONGWEDIVA – The year 2017 will each get a monthly grant of N$250.Mamepe Capital, which transferred cations in the Transitional Govern- weather pattern in the waters of Antarc- be remembered as a period when This means the Namibian taxpayerN$ 150 million of the money VBS ment of National Unity from 1988 to tica along with stormy weather further Engela State Hospital in Ohangwena spent about N$3,8 million monthly justMutual Bank, also in South Africa. 1989. Immediately prior to inde- north off of the South African Coast has Region was busted for its reputation to feed prisoners. pendence, he was an ACN member again drawn a large crowd of interna- of neglecting patients, of mistreatment That amount is but the peak of the ice-Nanny from hell of the Constituent Assembly, which tional surfers to Walvis Bay. of patients-believed to be the reason of berg, as it costs the taxpayer much more was in place from November 1989 a mother losing a baby in the delivery per month to incarcerate an inmate, withIn September the mother of the to March 1990. It was during this “Donkey Bay, Skeleton Bay, ‘that ward of Engela. This was revealed after additional expenses including moneynine-month-old baby girl that was period that he was part and parcel wave in Namibia’, call it what you may 38-year-old Peelina Nghikumwa lost her spend on water, electricity, clothes,viciously assaulted by her nanny on of the drafting of the Namibian it is widely accepted as an anomaly and baby in the Maternity Ward. toiletries and bedding for the prisoners.camera says she is slowly working Constitution. probably the best discovered wave in About 5% of the population aretowards rebuilding her daughter’s the world right now. Yes, other waves Nghikumwa said that nurses refused remand detainees awaiting trial and thetrust and confidence. North Koreans must go may have cleaner or bigger barrels, but to help her deliver and told her to stand majority, about 75%, of inmates have a when you’ve been and watched literally up and take a walk. The traumatic sentence length of up to two years. Annemarie Theron said her daugh- In June the Ministry of Defence endless barrels running down the sand experience has com-pelled her to sue theter, Laila, still has nightmares about (MoD) earlier this year directed its spit, you know immediately that this nurses that were on duty for ignoring Land-A-Drum drops thethe assault she endured at the hand commercial subsidiaries to end busi- isn’t normal.” That is how scores of her. ballof nanny of four months, Nicoline ness ventures with the North Korean international surfers visiting the coastHoëses. In a short visual recording state companies that have been sub- described their experience when surfing Street begging a cash cow In May it came to light the oncethe 31-year-old mother caught Hoëses contracted to construct its headquar- the phenomenon on the sandy peninsula much-lauded Land-A-Drum campaignviolently assaulting her daughter by ters and other related projects. The close to Pelican Point Street begging in Windhoek has seems to be in tatters after it yet againflinging her into her cot face down. directive came in the wake of calls become a lucrative business, with failed to meet a crucial deadline in ac- by the latest USA-backed latest UN Millionaires for a day beggars making as much as N$2 100 counting for citizen donor monies. The nanny then leaves the room sanctions on North Korea for its con- or more per month asking for spare The Land-A-Dollar campaign, anwith a crying Laila, and returns a tinued testing of missiles and nuclear In September security guards on duty change. initiative of the UNAM SRC, wasshort while later, picks up the baby weapons. All North Koreans were at the ATM machines of three differ- This amount is more than low income launched in August 2015 to help raiseby her feet and walks away with her sanctioned to leave Namibia before ent banks in Rehoboth were involved jobs like domestic work, garden- money for the Mass Urban Landwhile swinging her by her ankles. the end of July following a directive in a foot chase of at least two of the ing, car washing and pool cleaning, Servicing Program, under which 200 from the “higher offices”, leaving persons involved in the heist at Bank amongst others, generate monthly. 000 erven around the country will be Theron said she installed a hidden half-built projects, that include the Windhoek. Police have reported that Vernard !Naribib, a 44-year-old street serviced.camera in her house after she and her N$600 million Ministry of Defence N$525 000 of the stolen cash was beggar at the Hidas complex in Klein More than 400 drums were placed athusband, Johan, noticed suspicious HQ. retrieved during the arrest and detec- Windhoek told Informanté that beg- various locations in 15 towns for thebruises on their child’s neck and tives of the Serious Crime Division ging for money makes him and his collection of money from members ofshoulders. Hoëses, 38, was charged Arms sparks infighting are still trying to trace the remain- family up to N$70 per day. the public.with attempted murder, assault with ing N$800 000. During the heist the !Naribib, who is originally from It was announced that the collectionintent to do grievous bodily harm and THE lid is off a Pandora’s Box of robbers dropped a bag containing Gobabis, said that him and his two of the drums and subsequently, theill-treatment of a minor. political infighting, division between N$300 000 inside the bank building. nephews, age 13 and 18, currently stay counting of the money, had started generals in the high command and the at Kapps Farm so as to stay nearer to in mid-October 2016 countrywideEscaped lions on the Chief Procurement, Research and De- The robbers, two of who worked at town and cut down on travelling. and would be concluded at the end oframpage velopment of the NDF, August26 and the bank, were apprehended after a February 2017. Windhoek Machinen Fabrik (WMF) few hours near Oanob Dam when their Pure luck saves castaways Two months later, however, organis-WINDHOEK – Stray lions in Ka- , after the procurement of eight car got stuck. ers have remained tight-lipped, withokoland that recently escaped from armoured patrol vehicles(RG23M’s) In April, the desolate Namibian coastline very little information as to why theythe Etosha National Park managed to from South African manufacturer, Heroic officer fights back could have claimed the lives of nine men failed to yet again meet a set deadline.kill 19 goats in one night, leaving one Denel, sidestepping various links in after their vessel ran aground and they This was the fourth postponement oflivestock farmer in the area financial- the command and reporting chain. WINDHOEK - The images of a heroic had to battle the elements for more than the official figures-release deadline ofly devastated. Apart from the nearly WMF was not only in the know of policeman fighting for his life in the two days ashore. the campaign.two dozen goats that were killed in the developments, but squandered an emergency ward of a Windhoek hospital Against the odds, a group of tourists The postponements on the other threeone kraal in the Sesfontein Constitu- opportunity to participate in a joint after singlehandedly pursuing a gang of passing on the beach where the casta- occasions was allegedly necessitatedency, other farmers in the Kunene criminals is turning the tide against the ways were stranded spotted and rescued by the realisation that more time wasRegion also lost cattle and sheep in growing perception that criminal gangs the men who were running low on water needed in order for the project torecent weeks due to the lion attacks. can roam with impunity. Leading the and food after just two days. reach its N$1 million target. charge was the brave fight this week- The vessel, the Lucille Way, ran aground on a sandbank. The men abandoned their vessel while it was still in shallow water and used the life raft and what provisions they could grab. Their water was starting to run out and that the men only had a few biscuits between them for food.

6 NEWS 14 December 2017 - 17 January 2018 FROM THE NEWS DESK MERJA IILEKAA big catch mattersPresident Hage Geingob at yesterday’s year-end PIC OF THE DAYmedia briefing at State House laid into the detrac-tors of the Anti-Corruption Commission (ACC), PYEONGCHANG, SOUTH KOREA: Vehicles explode as part of a security drill ahead of the 2018 Pyeongchang Winter Olympic Games.more specifically, its Director-General, Paulus  Photo: Kim Hong-JiNoa. Geingob believes that it is unfair that criti-cism of ineffectiveness levelled against the ACC is THEORY OF INTEREST DESMOND P VAN HEERDENpremised on the watchdog not “catching a big fish”and reminded all the ACC doesn’t have to arrest MAY OUR STAR GUIDE YOUhigh-ranking officials to prove that it is doing its From the earliest times, humanity has victus (Dies Natalis Solis Invicti), the Ro- Of course, it was in 325 CE when the sol-job. looked to the stars for guidance. But not man sun god, following on 25 December. stice festival was incorporated into a reli-While I agree with the president that the effective- just any stars – our star, Sol, the sun. Bar- In Sri Lanka, the Buddhists have been gious festival about a teenage pregnancyness and success of the ACC in tackling corruption relling around the supermassive black celebrating the solstice since 200 BCE. that was successfully delivered in a stable,cannot solely be based on the size of its catch, I’m hole at the centre of the Milky Way gal- On the full moon in December, the Undu- due to the lack of any social care. This childalso of the opinion that for the ACC to be truly ef- axy at 790 000km/h, it has provided light vapa Poya festival kicks off, commemo- would become an icon in this religion,ficient, it has to instill a sense of confidence among and heat for the past 4.57 billion years.the people. And right now meeting public expec- Earth formed from its periphery, accreting rating Theri Sangamitta’s day of arrival and it is why this time is now known astations means no one must be spared and transpar- from its solar nebula, and blasts about its from India to establish the Order of Nuns Christmas. Surely if Jesus taught us an-ency and neutrality must be seen to prevail. And orbit at 107 000km/h, once a year. And and marking her bringing a sapling of the ything, it was that the unwanted kidsjustice served. then 200 000 years ago, mankind first ap- sacred Bodhi-Tree from Bodh Gaya and of teenage moms can turn out alright.Unfortunately, as it stands, perceptions are that pears on Earth’s ovoid surface, spinning planting it in Aunradhapura. On this day, But Christianity was not immediatelythe ACC only targets junior-ranking government around it at 1 674km/h, and looked up. Sanghamitta Day, ten ordained nuns ini- popular, and even up to the 14th century,officials, while the elite and their cronies continue Because even though most of this move- tiate the festive celebrations every year. the Germanic peoples of northern Europeto go unpunished. Perceptions are important for ment happened in nearly the same orbital And even in China, they’ve been celebrat- continued their solstice festival traditions,a watchdog organisation like the ACC that relies plane to the ecliptic (the path of the sun in ing the solstice via the Dōngzhì Festival, called the yuletide, celebrated with feastsheavily on whistleblowers to step forward. Public the celestial sphere), the earth happened to celebrating the yin and yang philosophy of meat and toasts. Toasts to Odin “fortrust must be restored to ensure that more cases of have a bit of an axial tilt. Specifically, an of balance and harmony in the cosmos. victory and power to the king”, to thecorruption are reported and the restoration of that axial tilt of about 23.4 degrees – the cause gods Njörðr and Freyr “for good harveststrust will mean a “big fish”. of the seasons on earth. The axial tilt chang- and for peace”, and to the king was drunk.To illustrate government’s stance of its zero tol- es the intensity of sunlight that reaches us Toasts to departed family were also com-erance towards corruption, the president yester- during the year, causing weather changes mon. It is from the Yule that the Christmasday listed actions such as the cancelling of the and making the sun appear higher or low- traditions of a tree and a wreath come from.N$7 billion Hosea Kutako International Airport er in the sky during certain times of year. Even in Muslim countries, the winterupgrading tender, the lodging of investigation into From its early years, humanity has been solstice is celebrated. In Iran, Shab-ethe National Oil Storage Facility, the liquidation of economically dependent on the seasons. Yaldā is celebrated on the “longestthe SME Bank, as well as the dubious awarding of Mating seasons of animals, planting sea- and darkest night of the year,” andtenders in the Health Ministry, the KORA Awards sons for crops, and more. But in the cold friends and family gather to eat, drinkand the Namibia Airports Company. climates of the northern hemisphere, one and read poetry. Red coloured fruitWhile any fight against corruption is commendable season in particular spelled danger. The and nuts are eaten, symbolizing theand admittedly, some of the investigations into these famine months, or winter, was particu- red hues of dawn and the glow of life.cases are at infant stage, the only thing that remains larly harsh. Starvation was common, The latest in the long line of solsticetrue for all these actions right now is that no one in but with our eyes on the skies, we could celebrations is Festivus. Originally athese cases has been arrested, or even charged. see the change in the position of the sun. family tradition of the O’Keefe’s inCorruption is alive and continues to breed in every At the winter solstice, the sun reached its the United States, it became a popu-section of society, with those in positions of power lowest point in the sky, and started to rise lar celebration after being televisedgenerally most compromised. Legislation has not again. With most cattle slaughtered so they in the sitcom Seinfeld. Describedsucceeded in curbing corruption and thousands in don’t have to be fed during the winter, as “the perfect secular theme for anbribes exchange hands every day. The media has and wine and beer made during the year all-inclusive December gathering,”done exceptionally well in exposing corruption in finally fermented and ready for drinking, it presents itself as an alternative forthe country, but the ACC does itself, and the pub- the sign that the sun was once again rising the commercialisation of Christmas.lic, a great disservice when it is seen to handle ma- in the sky became a time for celebration. It’s “a Festivus for the rest of us.”jor cases of suspected corruption with kid gloves. Ancient sites like Stonehenge, built around Here in Namibia, of course, we’ll beObvious cases of corruption that do not yield the 3000 to 2000 BCE, show evidence of this. experiencing the summer solstice, butdesired results either only expose the watchdog’s Stonehenge’s great trilithon was carefully we’ll still be celebrating. After all,inadequacies in tackling complicated cases, or aligned on a sight-line on the winter solstice humanity has become one big fam-speaks volumes of the efficiencies of the corrupt in sunset, indicating that the sun would rise ily over the years, and now we allcovering their tracks. Both of these scenarios are again the next day, and a year was reborn. celebrate together. So on Thursday,equally devastating. This has resulted in a great many feasts tra- 21 December 2017, at 18h28 just be-If the issues hampering the watchdog’s work are ditionally celebrated around the solstice. fore sundown, the sun will be direct-legal limitation and the slow pace of the judiciary, Indeed, the midwinter feast has become a ly above the tropic of Capricorn, thethen such issues should be addressed to eliminate centrepiece for many a culture. The Ro- solstice will have occurred. Feast, andfurther delays. Likewise, if certain laws are creat- man Republic held its feast of Saturnalia have a toast with family! For the fire ofing avenues for abuse, they should be relooked at. from as early as 497 BCE. With a sacrifice friendship lives in our hearts - as long asWhat we cannot allow is for the corrupt and greedy at the Temple of Saturn, then followed by it burns, we cannot drift apart. Thoughto continue without repercussions enriching them- a public banquet, and private gift-giving, quarrels arise, their numbers are few.selves at the expense of millions of Namibians. with continual partying and a carnival Laughter and singing will see us through! atmosphere, it is no wonder that the po- Desmond P van Heerden, HonsBComm EDITORIAL DISCLAIMER ets called it “the best of days.” Saturnalia (Stell) is the Chief Analytics Officer of lasted from 17 to 23 December, with the Trustco Group Holdings Ltd. Previous arti-• The newspaper’s views are not necessarily those of ceremony of renewal of light by Sol In- cles available online at http://toi.hopto.org/. He can be contacted at [email protected] our advertisers and the views aired in letters are not necessarily those of the newspaper.• Informanté publishes all advertisements in good faith and cannot be held liable for any misrepresentation, losses or injury to any reader making use of the products or services advertised.

14 December 2017- 17 January 2018 AFRICA/EDITORIAL 7 Higher enrolment numbers mask exclusion FFlilpipssidideeAFRICA’S INEQUALITIES CHRIS JACOBIEIN EDUCATION CHRIS JACOBIEAt the dawn of independence, incoming African leaders were quick to prioritiseeducation on their development agendas. Attaining universal primary education, Forward Namibiathey maintained, would help post-independence Africa lift itself out of abjectpoverty. THE bitter truths of 2017 -- the year that was -- must be faced before tackling the harder challenges that still lie ahead in 2018 – the year to Zipporah Musau education, a large number still remain limited household incomes, which come. out of school. limit children’s access to education.As governments began to build To address education inequality, A lack of government investment to Namibian society was politically and economically embattled like neverschools and post teachers even to the governments must invest heavily in create equal access to education also before. The nation successfully navigated some of the worst economicfarthest corners of the continent, with child and youth development through plays a part. storms in recent history and defended the legacy of democracy, peace andhelp from religious organisations and appropriate education and health Another barrier to advancing from stability.other partners, children began to fill policies and programmes. primary to secondary education isthe classrooms and basic education Higher-quality education, improves the inability of national institutions Factional and personal interest was pushed back at the gates of statewas under way. the distribution of skilled workers, in Africa to ensure equity across capture. The charging brigade of faction and self-interest had nothing toAfrica’s current primary school and state authorities can use this geographical and gender boundaries. lose, because they never had political power to lose in the first place. Theenrolment rate is above 80% on increased supply to build a fairer Disabled children are particularly fight for control over state resources is far from settled and Namibians willaverage, with the continent recording society in which all people, rich or disadvantaged. be challenged, because more have much more to lose as the governmentsome of the biggest increases in poor, have equal opportunities. As it The drivers of inequality in education and leadership strengthen their control over the treasury.elementary school enrolment globally is now, only the elites benefit from are many and complex, yet thein the last few decades, according quality education.Wealthy leaders in response to these challenges revolves It will get messy.to the United Nations Educational, Africa send their children to study around simple and sound policies With the past three years spent on election campaigns and personalScientific and Cultural Organisation in the best universities abroad, such for inclusive growth, the eradication internal rebellion, Namibians - instead of supporting Presidential efforts(UNESCO), which is tasked with as Harvard. After studies, they come of poverty and exclusion, increased to decisively act against bad administration and corruption - walkedcoordinating international cooperation back to rule their countries, while investment in education and human into their own ambush. They allowed themselves to be side-tracked byin education, science, culture and those from poor families who went to development, and good governance to bureaucratic gangsters that abused the political climate to advance theircommunication. More children in public schools would be lucky to get a ensure a fairer distribution of assets. personal and financial interests.Africa are going to school than ever job even in the public sector. With an estimated 364 million In a fight for economic survival all will be fair in love and war.before. Yet despite the successes Another challenge facing policy Africans between the ages of 15 and The politically and economically embattled and bruised Namibians willin primary school enrolment, makers and pedagogues is low 35, the continent has the world’s have to return to the trenches of unity to demand good administration andinequalities and inefficiencies remain secondary and tertiary enrolment. youngest population, which offers an accountable leadership for the benefit of all.in this critical sector. It is widely Only four out of every 100 children immense opportunity for investing Namibians must shake off the stranglehold of a tyranny of bureaucracyaccepted that most of Africa’s in Africa is expected to enter a in the next generation of African by serial offenders. Government officials have seemingly lost their feareducation and training programs graduate and postgraduate institution, leaders and entrepreneurs. Countries for accountability through impunity and entitlement. The knowledgesuffer from low-quality teaching and compared to 36 out of 100 in Latin can start to build and upgrade that their entrenched networks in the civil service can’t be untangled bylearning, as well as inequalities and America and 14 out of 100 in South education facilities and provide safe, conventional instruments secured their income for life.exclusion at all levels. Even with a and West Asia. non-violent, inclusive and effective The truth is that huge parts of the state are captured by a group of seniorsubstantial increase in the number Many factors account for the low learning environments for all. civil servants operating like a cartel. They are assisted by unscrupulousof children with access to basic transition from primary to secondary Chinese businesspersons which are involved in tax fraud, forgery, human and tertiary education. The first is - Africa Renewal trafficking, money laundering and plundering of wildlife resources. They sound like friends and comrades, but act like pirates plundering the shipMINISTRY OF INDUSTRIALISATION, TRADE AND SME DEVELOPMENT they are sailing on. Senior civil servants, CEOs and Board Members of State-Owned Enterprises have, over the years, performed a bureaucratic MEDIA RELEASE ON coup d’état against the political authority and became masters instead of MORATORIUM ON ISSUANCE OF STATUS OF INVESTMENT CERTIFICATE servants of the people in search of crumbs that fall from their tables. Economically powerful administrators subverting their political bossesThe Ministry of Industrialization, Trade and SME Development (“the Ministry”) is responsible for the gave foreign governments and international institutions the confidence todevelopment and management of Namibia’s economic regulatory regime, on the basis of which the coun- treat Namibia as a banana republic and its citizens as swinging from thetry’s domestic and external economic relations are managed. trees. The Chinese ambassador, Zhang Yiming, in his arrogance or contemptThe Ministry is inter alia responsible for promoting growth and development of the economy through the for Namibia, wants sign boards in airports and on public buildings informulation and implementation of appropriate policies to attract investment, increase trade, develop Mandarin. It could have been excused were it the Year of the Monkey onand expand the country’s industrial base. Of particular importance is the mandate to issue the Status of the Chinese calendar, but to offend and insult Namibians and their leadersInvestment Certificate as per Part 11, articles 4 -15 of the Foreign Investment Act No.27, 1990. is now becoming a Chinese national sport in Namibia. President Geingob must be congratulated for his tactful reminder toThe objective of the Status of Investment Certificate as stated in section 10.1 provides an investor with the Chinese that “it might not be a good idea”. The EU-blacklisting ofthe opportunity to retain outside Namibia any payments in foreign currency for goods produced by the Namibia and the arrogance of rating agencies, although they are extremelyenterprise or any undertaking carried on by the enterprise which are exported from Namibia. important, enforce the image that Namibia is regarded as a banana republic. The apology of the EU in Windhoek, unfortunately, was too littleDuring the revision of the Foreign Investment Act, it was however decided that the Status of Investment too late.Certificate no longer serves the purpose for which it was initially intended and thus, it should not be In a shocking reality, incompetence now became life-threatening.issued for the reason that the benefits under the Status of Investment Certificate currently applies to Namibians, being equal and hopefully also attempting to be just and fair,all investors irrespective of whether they are holders of certificates or not, thus rendering it irrelevant. are therefore entitled to basic human dignity and access to public servicesFurthermore, this moratorium follows the repeal of the Foreign Investment Act as amended and the ga- and institutions of the state because they never demanded more than theyzetting of the Namibia Investment Promotion Act No. 9 of 2016. felt they deserved and are generally happy with the little they have. Those who demand are usually organisations and leaders that clearlyAccordingly, all investors and prospective applicants are hereby notified that the Ministry has placed a desire wealth for themselves, and abuse the diversity of variousmoratorium on the issuance of the Status of Investment Certificate effective from 31 August 2017. The communities to achieve it through dubious projects and tenders that theycurrent issued certificates will not be affected. spearhead under the guise of progress. The tragedy is that this comes at the expense of those communities who only desire basic health.For more information, please contact: Mr. Wilbard Nashandi @ 061-2837347 or Ms. Maria GN Nampolo The shortage and near collapse of medical assistance at state hospitals@ 061-2837324 cannot be a coincidence. The onslaught on health is total with evidence that the state medical scheme (PSEMAS) was raided and plundered at the same time. Similarly, the plundering of the Ministry of Education where corruption, tender fraud and ghost teachers and disaster at all levels of the Namibia Students’ Assistance Fund with students facing deportation from foreign institutions, cannot be seen in isolation. Namibians must start considering and fear a total onslaught on its natural and human resources. The dots should be connected that the ministries with the biggest budgets are the targets. The final dot that should be connected is the understaffed, underfunded and demotivated anti-corruption commission that contributes to the growing culture of impunity and an office of the Attorney General that is seemingly independent of Namibia and its challenges and priorities. The chilling picture emerges that Namibia needs serious skills and experienced investigators with a deep knowledge of complicated financial transactions and law to unravel the octopus that is sucking the life out of the public service and the public out of hope. Namibia is losing more than money and development. Namibia is losing its freedom, innocence, reputation and dignity as an independent country representing good governance and respect for the rule of law that is evading the rest of the world. The challenges of 2018 will be harder and more bitter than the challenges of 2017, but with leadership settled, Namibians will overcome.

8 BUSINESS 14 December 2017- 17 January 2018BUSINESSMARKET RECAP WEEKLY market review Index at highest level since January 2017 29 November to 05 December2017 BUSINESS CLIMATE NSX STOCKS CODE PRICE % VOLUME VALUE MONITOR IMPROVES ORYX PROPERTIES LTD ORY 20.60 - 50 1 030 BIDVEST NAMIBIA LTD NAMIBIA BREWERIES BVN 7.85 - - - AGRA LTD DOWN UP NICTUS HOLDINGS - NAM NBS 39.00 - - - FNB NAMIBIA HOLDINGS LTD AGR 1.48 - - - CAPRICORN INVESTMENT GROUP NHL 2.00 - - - WINDHOEK - The IJG He added that most major export TRUSTCO GROUP Business Climate Monitor commodities registered minor price HOLDINGS LIMITED FNB 46.65 (0.09%) 13 583 posted its biggest gain decreases between 0.5% and 2% for the year in October, whilst copper remains the excep- CGP 18.00 (0.44%) 412 7 452 climbing 1.34 points and tion, continuing its solid run and bringing the index to its increasing by 6% to its highest TUC/TTO 7.00 (6.67%) 547 3 753 highest level since Janu- level in three years. ary 2017.COMMODITIES PRICE % GLOBAL INDICES PRICE % Hopwood stated that compared NSX LOCAL 600 (0.10%) Zorena Jantze to the previous year, copper pricesBRENT CRUDE OIL 63.85 1.57% NSX ALL SHARE 1 179 (3.88%) are 41% higher and uranium pricesGOLD 1 245.30 (1.55%) JSE TOP 40 (2.16%) The leading indicator boasted an have increased by 7%, while goldPLATINUM 880.65 (3.99%) S&P 500 51 358 even more impressive gain, climb- is now 0.5% lower and diamonds UK FTSE 100 2 664 1.31% ing 3.6 points. While the index 5% lower.FOREIGN EXCHANGE PRICE % EURO STOXX 50 7 500 2.36% remained below the 50-point line HANG SENG 3 600 0.83% indicating an economic contraction, Furthermore, Hopwood notedN$ PER US$ 13.69 1.79% 28 794 (0.17%) the relatively strong increases indi- that continuing depreciation inN$ PER £ 18.21 0.77% cate a contraction at a slower rate. the Rand, however, has offset anyN$ PER € 16.06 0.98% negative impacts and has seen price This is according to the IPPR increases across the board in RandThe local market was rather active per GBP. It closed at N$ 16.06 against which released the Business INQUISITIVE: Graham Hopwood, terms, bringing some relief to thethis week, with the NSX Local index the Euro, a drop of 0.98%. Climate Monitor for the month of Director of the IPPR. mining industry.down 0.1% at 600, and the NSX Last week, the Bank of Namibia’s October 2017. Graham Hopwood, Photo contributedOverall Index down 3.88%, to close at Monetary Policy Committee elected Director of the IPPR stated that The Business Climate Monitor1179. As at 12 December, FNB Namibia to leave the repo rate unchanged at the on a year-on-year basis, 17 of the settling of outstanding invoices Index encompasses 31 indicators,was the largest local company on the 6.75%. They noted that economic the indicators monitored showed from the previous financial year. selected from available high-fre-exchange, with market capitalization activity in Namibia remained weak improvement, while the remaining New vehicle sales continued to fall, quency data.of N$ 12.5 billion, followed by Capricorn during the year, with the weak per- 14 declined. by 6.6% m/m and 6.7% y/y, reflect-Investment Group with N$ 9.3 billion, formance mainly reflected in the con- ing the financial pressure facing These are split into five broadNamibia Breweries with N$ 8 billion struction, wholesale and retail trade, “October saw the tabling of the consumers in the current economic categories, namely: policy envi-and Trustco Group Holdings with N$ as well as transport sectors. However, Mid-Term Budget, with fiscal climate,” Hopwood summarised. ronment, primary sector output,5.8 billion. In terms of volume, Capri- other economic activities such as min- expenditure increasing by N$4 bil- secondary and tertiary output, ex-corn Investment Group was in the lead ing, the number of livestock marketed, lion, of which N$2.2 billion is for Hopwood further explained ternal account, and pricing. Givenas with N$ 7.4 million worth of shares communication and manufacturing that after a marginal increase in the available high-frequency data,traded, with Trustco Group grabbing output improved. They maintain that September, annual inflation slowed these categories provide the bestsecond place with N$ 3.7 million worth that if the latter activities are sus- down to 5.2% in October, and the available high-frequency insightof shares traded. Oryx Properties tained it would create better prospects lowest seen since 2015. into developments in the localmanaged a third place in volume, with and help with economic recovery going economy and business cycle.just over N$ 1 million worth of shares forward.traded. The local currency lost 1,79% Market Quote: Nam strives to complete logistical capacityagainst the US Dollar, to close at N$ “I prefer to match words with deeds or13.69 per USD, and lost 0.77% against let the facts speak for me.”the British Pound, to close at N$ 18.21 – Leonardo Del VecchioDebt-fueled prosperity Zorena Jantze efficient and continuously growing process and create a collaborativeunsustainable ports of Walvis Bay and Lüderitz, environment between all stake- Zorena Jantze adjustment is gradual, although it feels WINDHOEK – “The clear objec- as well as a high quality trans- holders. It is a matter of concern extremely painful,” Thieme stated. tive is that by 2022, Namibia has port infrastructure which enables for the entire sectors,” !NarusebWINDHOEK – Business mogul Sven a sustainable transport system, us to move goods and people urged. The minister added that anThieme has scolded both the private sec- Thieme added that in addition to insa- supporting a world-class hub quickly within our country, to our international logistics hub wouldtor and government, asserting that they tiable consumption levels the country is connecting SADC to international neighbours and into the region,” require major services whichare living in an economic fantasy world facing, some people are really suffering, markets,” !Naruseb expanded. include port handling, storage, athat is completely unsustainable, as they whilst some are doing great. Expanding reliable transport network, collec-have become accustomed to debt-fueled on this, Thieme explained, “In summary, The above were the sentiments He further stated that govern- tion and distribution of goods andprosperity that they have been enjoying we have two problems: One, our collec- of the Minister of Works and ment efforts forward include cross-border arrangements.for so many years that it actually feels tive spending behaviour which requires Transport, Alpheus !Naruseb, NDP5 which stipulates transport“real”. moderation, and two the competiveness speaking at the Namibia Cham- and logistics to be a key develop- !Naruseb, however, added that of our country requires an overhaul, and ber of Commerce and Industry ment priority as it has tremendous despite a well-developed founda- Thieme, who is the president of the three, there is frustration with outcomes (NCCIs) national council meeting potential for job creation, and tion, the process to achieve theNamibia Chamber of Commerce and of our economic system,”. Thieme which delved into the NCCIs 2018 growth in trade. !Naruseb added objective would be a challengingIndustry (NCCI), delivered this mes- further said that government’s policy agenda of investing Innovative that the ministry has assumed one, as it would require, the exten-sage during the NCCI’s national council environment is still very conducive for Infrastructure to Drive Namibia as the governmental responsibility sion of the Walvis Bay Port withmeeting. Thieme echoed concerns that business, although it is shifting towards a SADC Logistics Hub. !Naruseb of transforming Namibia into a its new container and liquid bulkNamibia’s debt is growing much faster the left-wing ideology to correct the stated that it is government’s view logistics hub, from the National terminals are completed on time,than its GDP, and identified this as a failures of our free market system, which that Namibia’s geographical loca- Planning Commission. ensuring road infrastructure isbehavioural problem and not structural. is justifiable. “There is frustration with tion is strategically positioned to properly maintained and strategi-“Unfortunately, economic history has the status quo and a wave of legislations serve as a trade route to and from “As the project’s custodian, we cally improved and extended toshown us that it is simply not possible to is on the horizon to align business with the entire Southern African region are working towards ensuring the cater to heavy traffic resultinggrow your debt faster than your economy national development agenda. This is of the continent. “We have the capacity needed in place to imple- from the increase in cargo flow,indefinitely. At some point your con- evident in the narratives of our policy ment the Logistics Master Plan, amongst other objectives.sumption will drop back to a level more makers and recent legislations like NIPA, thereby enabling us to guide thisequal to your production. And this is it. NEEEF, and the Land Bill,” Thieme said.This is the time. Fortunately for us, this With the focus on government, ThiemeADOMANT: Sven Thieme, executive suggested improving the investment DEVELOPMENT: Walvis Bay and Lüderitz are examples of logistics huts with high-quality transport infrastructurechairman of the Ohlthaver & List climate and on trade liberalisation to in Namibia. Photo: fileGroup. Photo contributed strengthen the capacity of its members to take advantage of trade and investment opportunities. “With this in mind, the chamber will launch a comprehensive new knowledge platform focusing on Trade Intelligence. Through these initia- tives, we can deliver seminars and train- ings, disseminate research insights and data, as well as bring on board interna- tional resource persons to provide cutting edge information,” Thieme noted. He further concluded that the private sector needs to be prepared for the trade policy changes that are set to take place as better information and insight will ensure that the private sector contribution to policy formulation and trade agreement negotia- tions will be based on an understanding of the real merits of the issues.

14 December 2017- 17 January 2018 BUSINESS 9GRN DEBT ABOVE ECONOMICNamibiastuck instructuralproblemsGROWTH RATEWINDHOEK – “We expect borrowing cost to increase on the additional spending needed for thethe back of a recent credit downgrade by Fitch. financial year 2017/18 is a once-off transitory adjustment within a fiscal Zorena Jantze “Our downward revision was consolidation framework. on economic growth and widening the and policies that are pro-growth. We prompted by a continuous slow- income distribution. “We only foresee believe that fiscal discipline needs toThe government remains indebted, down in the construction sector. The “We find it hard to believe that this a turn-around once government takes be exercised,” Nangohongo con-with debt to GDP hovering around construction sector will remain a will be a once off event. The budget a firm stand on fiscal consolidation cluded.4.3% at the end of October 2017 drag on GDP as government reduced deficit as a percentage of GDP is es-which is above the threshold, we the budget for capital expenditure,” timated at 5.3% compared to a previ-believe that government will remain Indileni Nanghonga, Public Rela- ously estimated 3.5%. The deficit willindebted for a prolonged period,” tions Officer at Simonis Storm stated. mainly be funded through public debt. Nanghonga added that government It is worrisome that the debt growth This is according to Simonis Storm debt is expected to hover around level is projected to rise above thewealth management firm which 44.0% of GDP over the Mid-Term economic growth rate,” Nanghongareleased their economic outlook Expenditure Framework (MTEF) said Nanghongo stated that Namibiareport for Namibia 2018. The firm compared to a 37.7% previously is stuck in structural problems suchdetailed that they have revised GDP forecasted over the MTEF period. as high unemployment (specifically,for 2017 to -0.3% from the previously Nanghonga further emphasised that youth unemployment), a shrinkingestimated 0.5% and projected GDP debt sustainability remains a concern private sector, overregulation of manyat 2.2% and 2.4% in 2018 and 2019, as the Minister of Finance stated that industries, excessive increase in over-respectively. all debt and lack of skills that is a dragIndustry Growth Strategies on track BunoaNuuthrgoersisceldiednetsdutoctrioepnosrt Business Reporter sive stakeholder engagement between further said that MITSMED recognises Business Reporter specified in the agreed instruction; key stakeholders from the business the “importance of Namibian indus- continues to collect debit orders thatWINDHOEK - Last year, the Ministry community and public administra- tries as well as their potential and their WINDHOEK - Debit order clients’ have been cancelled or is subject to aof Industrialisation, Trade and SME tion who have a vested interest in the capabilities”. As such, industry growth whose money get deducted from stop payment instruction.Development (MITSMED), with the upgrade of the Namibian economy. promotion will be “one of the minis- their bank accounts without theirsupport of the Deutsche Gesellschaft try’s priorities in the years to come”. permission, are urged to report Nangonya stated that debit orderfuer Internationale Zusammenarbeit Mukubonda detailed that this interac- German Ambassador to Namibia Chris- such deductions as soon as they are fraud further occurs when third(GIZ) GmbH, launched their Indus- tive approach was emphasised during tian Matthias Schlaga welcomed the in- detected. parties debit accounts with incor-try Growth Strategies in 10 different the first year of implementation, elabo- stitutionalisation of a dialogue between rect amounts; collects a debit orderindustries. rating that steering committees were private actors and the government and Debit orders are often used as a without authorisation or collects formed for each of the industries as the stressed the importance of favourable means of payment for a range of a debit order that is not consistent Key stakeholders from the public and strategy is expected to be concluded in political and economic framework services, such as loan repayments with the clients’ instruction. “In theprivate sectors engaged on the progress the year 2020. conditions for private initiatives to and subscriptions fees. They are an event where banks determine that themade on these sectors and delved into flourish. Schlaga stated that the suc- instruction between a consumer and debit order is not authorised, banksthe next phase of industry growth strat- He added that the steering commit- cess of the sectoral growth strategies a third-party or service provider, may reverse the transaction and anyegies implementation, starting in 2018. tees, composed of members of the include the creation of Namibia Metal where consumers grant third parties related fees that are charged. WhenThe industry growth strategies are private sector and representatives from Fabrication Association which saw permission to deduct money from such activities are noticed, consum-inclusive of cosmetics products, game key public institutions, spearheaded some representatives of the Namibian their bank account for services ers should approach the relevantmeat, taxidermy, leather and leather the implementation process, together Metal Fabrication Industry engaging in rendered. Fillemon Nangonya, Com- third party and report the unauthor-products, Swakara wool, gemstones with dedicated working groups, they Agritechnica in Germany, the biggest munication Practitioner at the ised deduction,” Nangonya advised.and jewellery, handicrafts, seafood, designed and implemented innovative industry gathering for agriculture and Bank of Namibia (BoN) stated that Consumers may further cancel awood charcoal, and metal fabrication. interventions which brought the indus- agricultural machinery. Other strides often debit order-related disputes debit order by providing written orElijah Mukubonda, Public Rela- tries forward. In his key-note speech, include the The Eat Wild Festival, The arise when third party institutions other appropriate notification to thetions Officer at the Ministry of Trade Minister MITSMED, Immanuel Gemstone Showcase and various train- withdraw amounts before the date third party whom they have author-explained that the 10 industry growth Ngatjizeko, emphasised that the public ing that were offered to the stakehold- ised to make the deductions.strategies were developed with exten- and private sectors have “jointly laid ers of the different industries. a solid basis for the oncoming three years of implementation”. Ngatjizeko Apply now for 2018 Bricklaying & Plastering (Level 1) or Plumbing & Pipefitting (Level 1) Minimum requirement for acceptance into this programme is Grade 10 with Mathematics, Science and English. Current Grade 10 students can apply with their latest results. Acceptance will be confirmed upon receipt of final results. How to apply IOL encourages prospective students to download the application form from the IOL website, request it via email at [email protected], or collect the application form from the IOL Head Office in Windhoek. E-mail: [email protected] Tel: +264 61 270 9620 / +264 81 436 2444 c/o of Robert Mugabe and Dr David Kenneth Kaunda Street

10 ADVERT 9 2987900 78 6 2991389 78 1 2989724 78 12 2969322 78 14 December 2017- 17 January 2018 1 2976132 78 REMINDER THESE 5 NUMBERS APPEARED IN LAST WEEK’S INFORMANTÉ. IF YOU HAVE ONE OF THE NUMBERS, THEN YOU ARE A WINNER. CONGRATULATIONS Find us on 1 1 75628 2 6 1668200 40 1 115005 3 6 1699773 41 Mrs Joy Gawaxas 1 117952 3 6 1710356 41 1 324057 8 6 1731688 42 N$ 10 000 1 897145 22 6 173190 4 1 217852 29 6 1735842 42www.informante.web.na • 061-275 4700 • [email protected] 1 1272195 31 6 174164 4 1 1521225 37 6 1748175 42 STILL OUT THERE 1 1604251 39 6 1769999 43 1 1685389 41 6 1770057 43How do I win? 1 409719 10 6 1821654 44 1 733653 18 6 1871900 45 Check the number in the yellow 1 939729 23 6 1945866 47 block on the front page of your 1 203755 29 6 1976476 48 1 1354890 33 6 1982743 48 compare it to the list of numbers 1 1434620 35 6 2020740 49 1 1685844 41 6 2070771 50 You could also win 1 1973790 48 6 2077639 50 1 2176916 53 6 2100261 51 N$ 10 000 1 42224 3 6 2113255 51 1 239453 6 6 2315879 56 Double for Legal Shield members 1 323487 8 6 2302816 56 1 450947 11 6 2305614 56 1 493317 12 6 2314128 56 1 567371 14 6 213595 5 1 608904 15 6 2149104 52 1 978653 24 6 2151419 52 1 1061515 26 6 2194347 53 1 189401 29 6 263397 6 1 1890257 46 6 293392 7 1 1931888 47 6 297187 7 1 2139344 52 6 346076 8 1 219418 29 6 381326 9 1 1020684 25 6 382907 9 1 1644247 40 6 420676 10 1 1726263 42 6 432381 10 1 1807880 44 6 464257 11 1 817770 20 6 517582 12 1 855644 21 6 554570 13 1 75628 2 6 612902 15 1 117952 3 6 620622 15 1 192843 29 6 632333 15 1 1766000 43 6 659838 16 1 525884 13 6 716076 17 1 569246 14 6 721715 17 1 2341767 57 6 748700 18 1 2371276 58 6 754574 18 1 2389921 58 6 792512 19 1 2404711 59 6 827985 20 1 2435517 60 6 841546 20 1 2435174 60 6 873103 21 1 2465402 61 6 884695 21 1 2560092 64 6 904914 22 1 2630322 66 6 924083 22 1 2818311 72 6 955656 23 1 2848562 73 6 959516 23 1 2880137 74 6 989006 24 1 2941409 76 6 2276895 55 1 2941434 76 6 2278368 55 6 2272884 55 2 2 1339407 32 6 2360267 57 2 1505264 36 6 2364004 57 2 1630217 39 6 2344206 57 2 1877704 45 6 2380757 58 2 29273 1 6 2383706 58 2 2425997 59 6 2418044 59 2 2489220 61 6 2412382 59 2 2934817 75 6 2470620 61 6 2593647 65 3 3 1133948 27 6 2609512 65 3 1299974 31 6 2608297 65 3 1340694 32 6 2638393 66 3 1377601 34 6 2641041 66 3 1381634 33 6 2652291 66 3 1466155 35 6 2672785 67 3 1715028 41 6 2682785 67 3 1962464 47 6 2669864 67 3 244274 6 6 2699292 68 3 531983 13 6 2702193 68 3 654515 16 6 2699081 68 3 820206 20 6 2773410 70 3 30936 1 6 2766459 70 6 2795727 71 4 4 1052981 25 6 2793835 71 4 1301032 31 6 2789995 71 4 1550071 37 6 2823713 72 4 1633469 39 6 2830727 72 4 1798258 43 6 2832124 72 4 2004331 48 6 2864239 73 4 2045915 49 6 2869462 73 4 2087575 50 6 2897887 74 4 780874 19 6 2894686 74 6 2882614 74 5 5 1094581 26 6 2933024 75 5 1231083 30 6 2914285 75 5 1343246 32 6 2933887 75 5 2046733 49 6 2962477 76 5 2873631 73 6 2955868 76 6 6 1005582 24 8 8 1178290 28 6 1035687 25 8 2129008 51 6 1066478 26 8 2210771 53 6 1073498 26 8 683047 16 6 1078233 26 8 889215 21 6 1117840 27 8 2584400 64 6 1123028 27 8 2686929 67 6 1124797 27 6 1153306 28 9 9 1882868 45 6 1160104 28 9 2843215 72 6 1238606 30 6 1239007 30 11 11 2295548 55 6 1241610 30 11 2429795 59 6 1274370 31 11 2460533 60 6 2579695 64 11 2616344 65 6 2576293 64 11 2656311 66 6 1321132 32 11 2687891 67 6 1335627 32 11 2719212 68 6 1364992 33 11 2812868 71 6 1368297 33 11 2874898 73 6 1377601 33 11 2905927 74 6 1411564 34 11 2965799 76 6 1412267 34 6 1444355 35 12 12 2782210 70 6 1446396 35 6 1483624 36 13 13 2400860 58 6 1498190 36 14 13 2462323 60 6 1502098 36 13 2492740 61 6 1524483 37 13 2493578 61 6 1527048 37 13 2587208 64 6 1570793 38 13 2618329 65 6 1583924 38 13 2938765 75 6 1611512 39 6 1622739 39 14 2371006 57 6 1648820 40 6 1653620 40Visit Informanté’s Facebook page for more details on how you can win, how you can claim your prize as well as all the Ts & Cs. Errors & Omissions Excepted (E&OE) .

10 ADVERT 9 2987900 78 6 2991389 78 1 2989724 77 12 2969322 78 14 December 2017- 17 January 2018 1 2976132 78 REMINDER THESE 5 NUMBERS APPEARED IN LAST WEEK’S INFORMANTÉ. IF YOU HAVE ONE OF THE NUMBERS, THEN YOU ARE A WINNER. CONGRATULATIONS Find us on 1 1 75628 2 6 1668200 40 1 115005 3 6 1699773 41 Mrs Joy Gawaxas 1 117952 3 6 1710356 41 1 324057 8 6 1731688 42 N$ 10 000 1 897145 22 6 173190 4 1 217852 29 6 1735842 42www.informante.web.na • 061-275 4700 • [email protected] 1 1272195 31 6 174164 4 1 1521225 37 6 1748175 42 STILL OUT THERE 1 1604251 39 6 1769999 43 1 1685389 41 6 1770057 43How do I win? 1 409719 10 6 1821654 44 1 733653 18 6 1871900 45 Check the number in the yellow 1 939729 23 6 1945866 47 block on the front page of your 1 203755 29 6 1976476 48 1 1354890 33 6 1982743 48 compare it to the list of numbers 1 1434620 35 6 2020740 49 1 1685844 41 6 2070771 50 You could also win 1 1973790 48 6 2077639 50 1 2176916 53 6 2100261 51 N$ 10 000 1 42224 3 6 2113255 51 1 239453 6 6 2315879 56 Double for Legal Shield members 1 323487 8 6 2302816 56 1 450947 11 6 2305614 56 1 493317 12 6 2314128 56 1 567371 14 6 213595 5 1 608904 15 6 2149104 52 1 978653 24 6 2151419 52 1 1061515 26 6 2194347 53 1 189401 29 6 263397 6 1 1890257 46 6 293392 7 1 1931888 47 6 297187 7 1 2139344 52 6 346076 8 1 219418 29 6 381326 9 1 1020684 25 6 382907 9 1 1644247 40 6 420676 10 1 1726263 42 6 432381 10 1 1807880 44 6 464257 11 1 817770 20 6 517582 12 1 855644 21 6 554570 13 1 75628 2 6 612902 15 1 117952 3 6 620622 15 1 192843 29 6 632333 15 1 1766000 43 6 659838 16 1 525884 13 6 716076 17 1 569246 14 6 721715 17 1 2341767 57 6 748700 18 1 2371276 58 6 754574 18 1 2389921 58 6 792512 19 1 2404711 59 6 827985 20 1 2435517 60 6 841546 20 1 2435174 60 6 873103 21 1 2465402 61 6 884695 21 1 2560092 64 6 904914 22 1 2630322 66 6 924083 22 1 2818311 72 6 955656 23 1 2848562 73 6 959516 23 1 2880137 74 6 989006 24 1 2941409 76 6 2276895 55 1 2941434 76 6 2278368 55 6 2272884 55 2 2 1339407 32 6 2360267 57 2 1505264 36 6 2364004 57 2 1630217 39 6 2344206 57 2 1877704 45 6 2380757 58 2 29273 1 6 2383706 58 2 2425997 59 6 2418044 59 2 2489220 61 6 2412382 59 2 2934817 75 6 2470620 61 6 2593647 65 3 3 1133948 27 6 2609512 65 3 1299974 31 6 2608297 65 3 1340694 32 6 2638393 66 3 1377601 34 6 2641041 66 3 1381634 33 6 2652291 66 3 1466155 35 6 2672785 67 3 1715028 41 6 2682785 67 3 1962464 47 6 2669864 67 3 244274 6 6 2699292 68 3 531983 13 6 2702193 68 3 654515 16 6 2699081 68 3 820206 20 6 2773410 70 3 30936 1 6 2766459 70 6 2795727 71 4 4 1052981 25 6 2793835 71 4 1301032 31 6 2789995 71 4 1550071 37 6 2823713 72 4 1633469 39 6 2830727 72 4 1798258 43 6 2832124 72 4 2004331 48 6 2864239 73 4 2045915 49 6 2869462 73 4 2087575 50 6 2897887 74 4 780874 19 6 2894686 74 6 2882614 74 5 5 1094581 26 6 2933024 75 5 1231083 30 6 2914285 75 5 1343246 32 6 2933887 75 5 2046733 49 6 2962477 76 5 2873631 73 6 2955868 76 6 6 1005582 24 8 8 1178290 28 6 1035687 25 8 2129008 51 6 1066478 26 8 2210771 53 6 1073498 26 8 683047 16 6 1078233 26 8 889215 21 6 1117840 27 8 2584400 64 6 1123028 27 8 2686929 67 6 1124797 27 6 1153306 28 9 9 1882868 45 6 1160104 28 9 2843215 72 6 1238606 30 6 1239007 30 11 11 2295548 55 6 1241610 30 11 2429795 59 6 1274370 31 11 2460533 60 6 2579695 64 11 2616344 65 6 2576293 64 11 2656311 66 6 1321132 32 11 2687891 67 6 1335627 32 11 2719212 68 6 1364992 33 11 2812868 71 6 1368297 33 11 2874898 73 6 1377601 33 11 2905927 74 6 1411564 34 11 2965799 76 6 1412267 34 6 1444355 35 12 12 2782210 70 6 1446396 35 6 1483624 36 13 13 2400860 58 6 1498190 36 14 13 2462323 60 6 1502098 36 13 2492740 61 6 1524483 37 13 2493578 61 6 1527048 37 13 2587208 64 6 1570793 38 13 2618329 65 6 1583924 38 13 2938765 75 6 1611512 39 6 1622739 39 14 2371006 57 6 1648820 40 6 1653620 40Visit Informanté’s Facebook page for more details on how you can win, how you can claim your prize as well as all the Ts & Cs. Errors & Omissions Excepted (E&OE) .

14 December 2017- 17 January 2018 ADVERTS 11 Why not skip the queue? There’s no secret as to how long and frustrating the queues at the loan counters will be towards the festive season. So why not fast forward to your financial dreams coming true with Trustco Bank’s fast and e cient loan application process. Call us now to find out how! Windhoek: 061 434 8111 and 061 434 8110 Oshakati: 061 434 8310 Personal loans up to N$50, 000 available. SMS “SKIP” to 88811 Standard SMS rates apply. Ts & Cs apply. MAXGET THE ALL-NEW Enjoy all La Liga games and four new entertainment channels: La Liga games on SuperSport Select 4 (CH34), Sony Max (CH21), Fox (CH 19) and CBS Reality (CH 22). GOtv Max has the GOtv Plus channels, and more. GOtv Plus subscribers can enjoy watching GOtv Max from 1st October until 31st October on us. We are entertainment. NEW PACKAGE N$ 190 Over 40 ChannelsEMPIRE © 2017 Fox and its related entities. All rights reserved.

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14 December 2017- 17 January 2018 ADVERT 13 You can now buy prepaid electricity for these towns around the country: Keetmanshoop Okahandja Aranos Gochas Leonardville Gibeon Gobabis Mariental Omeya estate Auas view Osona village Kalkrand Stampriet Groot Aub Ariamsvlei Noordoewer Grunau Seeis Dordabis Giving more Namibians easy access to prepaid electricity Now more people across Namibia can purchase prepaid electricity via FNB’s self-service channels Buy prepaid electricity via: Online Banking Cellphone Banking FNB App eWallet FNB ATMs www.fnbnamibia.com.na

14 ENTERTAINMENT 14 December 2017 - 17 January 2018ENTERTAINMENT Namibia’s new sweethearts on the Afrikaans Rap scene 'BROES MET DIE LYNNE' HOT ON HIP HOP SCENENKOTB: Broes met die Lynne, Namibia’s pumping Afri- WINDHOEK – Broes Met Die Lynne Zorena Jantze and focuses on aspects of it, so for any Rapper thekaans crew is ready to take Namibia by storm. (Brothers with Lines/Bars/Ways) can “Friendship” (Broes). industry is very com- Photo contributed only be described as Namibia’s new The Informanté team petitive, and more so for sweethearts on the Afrikaans Rap scene, caught up with Ikey The Rappers on the mix- an Afrikaans Rapper,” dishing out lines accompanied by quality Adonis commonly known tape include Cole,Bahm, Adonis claimed. instrumental beats thumping in the back- as Ixa, the leader of the producer Big-J, ..Explicit, ground, their sound showcases a talented Hip Hop crew which and Mifty. Adonis added Adonis however thanked crew of six young rappers. explained that “Broes that Cole is the prodigy of their supporters and stated Met Lynne” is a mixtape the group and could quite that he does not do Hip possibly be the future of Hop but rate “HipHoop” ANNUAL FINANCIAL Hip Hop in Namibia. as music for him and is about spreading hope and TRUSTCO BANK NAMIBIAINFORMATION FOR THE Adonis explains that he not giving up on life. has been active in the Rap YEAR ENDED 31 MARCH 2017 industry for six years now “That’s why I don’t call Incorporated in the Republic of Namibia and stated that he believes my supporters “Fans”, Registration number : 2008/042 that the music industry is I call them my “Wet- biased, especially towards tige Masekinnez” (myStatement of Profit or Loss Year ended Year ended Overview of the 2017 financial results Afrikaans musicians. sister/brother from another 31 March 2017 31 March 2016 mother) because this NOTES NAD’000s Director’s report its foreseeable cash requirements. Related parties “Everyone wants a isn’t just music, it’s a NAD’000s receivables is expected to be settled within the new piece of the pie and no united voice, a voice thatInterest and similar income 2,766 The directors have the pleasure of presenting the financial year, which will further improve the company’s one wants to share .and resonates with struggles ofInterest expense and similar charges (1,397) 3,948 annual financial results for the year year ended 31 liquidity position. The directors are not aware of any most of them would do ordinary people,” Adonis (760) March 2017. new material changes that may adversely impact anything to get it and said.Net interest income before impairment of advances 1,369 the company. The directors are also not aware of any everything to hold on to 2 3,188 Nature of the business material non-compliance with statutory or regulatoryReversal of impairment losses on advances 1 1,317 requirements or of any pending changes to legislation, 1,371 Trustco Bank Namibia Limited provides innovative which may affect the company.Net interest income after impairment 2 2,846 4,505 banking products which promote economic For all yourOther income 3 168 development and cater for the banking needs of Financial results Entertainment NewsFee and commission income 542 399 individuals in growing sectors of the NamibianOperating expenses (19,898) economy. The bank will operate primarily in the Trustco Bank Namibia Ltd has successfully Call: ZoeyLoss before taxation (15,162) retail banking and micro-finance sectors servicing implemented the D+H “Phoenix System International”Taxation (15,139) individuals, families and entrepreneurs. There has core banking system during the year under review and @ 061-275 4721Loss for the period - (10,090) been no material changes to the nature of the has received full authorisation to participate in theOther comprehensive income - company’s business from the prior year. Trustco Bank Namibia Inter-bank Settlement System. The bank was www.informante.web.naTotal comprehensive loss (15,139) Namibia has representation in Oshakati, Omuthiya able to contain losses, which result in an N$ 15 m loss. - (10,090) and Windhoek, with its head office situated at the c/o The large operational expenditure is because of the fact - Keller street & Eugene Marais street, Windhoek. that Trustco Bank is still in process with related system (15,139) implementation such as the card management system (10,090) Share capital and electronic banking and cell phone banking, which require large capital outlay. Other operating expenditureStatement of Financial Position 31 March 2017 31 March 2016 Refer to note 10 of the annual financial statements consist of staff cost, brand development and related NAD’000s NAD’000s for detail of the authorised and issued share capital administration cost. Expectations are that income as well as share capital issued during the year. will be on the increase, which will be generated fromAssets 5,307 62,826 Authorised share capital was increased to 120 000 interest income from mortgage loans, the SME sectorCash and cash equivalents 12,033 748 shares during the period by the way of a special and transactional fee income once the card managementTrade and other receivables 1 35,604 resolution. Subsequent to year end Trustco Group system is fully implemented.Advances 38,642 Holdings introduced N$ 80 million into share capital.Property, plant and equipment 3,157 3,496 AuditorsIntangible assets 14,932 - Going Concern Deloitte & Touche NamibiaTotal Assets 71,033 105,712 The directors believe that the company has adequate financial resources to continue in operations for the Company secretaryLiabilities 18,366 4,971 foreseeable future and accordingly the annual financial For the yearTrade and other payables 10,169 9,674 statements have been prepared on a going concern Komada Holdings (Pty) Ltd endedBorrowings 4,924 67,837 basis. The directors have satisfied themselves thatDeposits 33,459 82,482 the company is in a sound financial position and For the year 31 March 2016 that it has sufficient capital and liquidity to meet ended NAD’000sEquity 4 120,000 100,000Share capital 9,840 386 Notes to the summarised financial information 31 March 2017General reserve NAD’000sAccumulated loss (92,266) (77,156) Note 1 – Advances 37,574 23,230Total Equity and Liabilities Gross advances opening balance 38,642 51, 358 We distribute 71,033 105,712 New advances 21,100 15,908 Advances repaid (24,138) (26,046) 65000 Year ended Gross advances closing balances 35,604 41,220 31 March 2016 Impairment (2,578) newspapers weekly, country-wide Net advances - 38,642 NAD’000s 35,604 To advertise call our sales rep today! Mandy 061 - 275 4178Statement of Cash Flows Year ended 399 Impairments – opening balance For the year For the year Kamati 061 - 275 4105 31 March 2017 3,948 Impairments released through income ended ended Lavinia 061 - 275 4240 (760) Amounts written off as uncollectable NAD’000s (11,265) Impairments – closing balance 31 March 2017 31 March 2016 (7,678) NAD’000s NAD’000sCash flows from operating activities 542 11,845Cash receipts from customers 2,766 56,600 (2,577) (3,074)Interest income (1,397) 60,767 2 491Interest paid (12,402) 6Cash paid to suppliers and employees (3,766) 2,575 (10,491) - (2,577)Cash used in operations 3,494 -Net decrease in advances to customers (4,112) Note 2 – Operating costs For the year For the year(Decrease)/increase in deposits and other liabilities (62,913) (4,112) Below is the detail of the major operating costs ended ended of the bankNet cash from operating activities (69,910) 52,889 Staff cost 31 March 2017 31 March 2016 9,937 Directors fees and remuneration NAD’000s NAD’000sNet cash from investing activities (7,609) Marketing 8,699 5,138 62,826 Auditing 469 510Proceeds on share issue 20,000 Consultancy and management fees 1,951 843Repayments of long term borrowings - Occupancy expenses 1,290 1,190 Depreciation and amortization - 92Net cash from financing activities 20,000 Administration and other overheads 1,042 1,306 878 574 5,451 5,489Net (Decrease)/increase in cash and cash equivalents (57,519) Note 3 – Taxation The bank did not raise any tax credits or deferred tax assets relating to tax losses in theCash at the beginning of the year 62,826 current or prior periods whilst accounting losses continue. Unrecognised cumulative tax losses of NAD88.1million (2016: NAD73.5 million) would result in a credit to income in future periods of NAD28.2million (2016: NAD23.5 million) if the full assessed loss were to be recognised.Total cash and cash equivalents at end of the year 5,307 Note 4 – Capital Authorised share capital was increased to 120 000 shares during the period by way of special resolution.Statement and Availability Capital adequacy for the year ended 31 March 2017 31 March 2017 31 March 2016 Total risk-weighted capital ratio (minimum 15%) 109.65% 50.84%Note that any investment decision by investors and/or shareholders should be based on consideration of the full announcements Tier 1 risk based capital (minimum 7%) 108.61% 49.96%published on the Trustco Group Holdings website www.tgh.na. Tier 1 leverage ratio (minimum 6%) 52.40% 21.50%This announcement is the responsibility of directors.This unaudited announcement is only a summary of the audited annual financial statements, the full version of the results are Audited results . ..available on the group’s website or at our registered office and head office.Registered office: Trustco House, 2 Keller street, Windhoek, Namibia auditors opinionHead office: NAMPA Building, c/o Keller street & Eugene Marais street, Windhoek, Namibia This summarised information is the responsibility of the company’s directors. The auditors, Deloitte & ToucheThe audited annual financial statements are available at the company’s registered and head office for inspection, at no charge, have issued their opinion on the company’s financial statements for the year ended 31 March 2017. The audit wasduring working hours. Copies of the full announcement may be requested by contacting the investor relations department. conducted in accordance with International Standards on Auditing. They have issued an unmodified audit opinion. These summarised financial statements have been derived from and are consistent in all material respects with the Directorate audited financial statements but are themselves not audited. A copy of their report is available for inspection at the Mr TJ Newton (chair), Dr Q van Rooyen*, Mr S Similo, Ms N Tshitayi company’s registered and head office. Any reference to future financial performance included in this announcement *executive has not been reviewed or reported on by the company’s auditors.

14 December 2017 - 17 January 2018 ENTERTAINMENT 15ENTERTAINMENT#METOO MOVEMENTSexual Harassment in the Entertainment Industry NEVILLE BASSONHITS NAMIBIAWINDHOEK - There and I saw her in the shop KO– MAWTUAANR1YA! E- 2are host of reasons STRONG: Varaakuani Hambira, Namibia’s sweetheart in the modeling industry. the other day,” she said.why women who Photo: VAN ART Graziadei This will be quite a weekend forreport sexual mis- Keya stated that she me at the coast. On Friday night Iconduct, including who promised to kickstart seemed like the producer with her as he paid little could see the discontent in will be having my show in Walvisunwanted advances her singing career, how- the young woman’s eyes Bay at the Atlantic Hotel. Baai-by their bosses, to ever, as time progressed, it was more interested in hav- attention to her music. She when she recently met her naars asseblief, please come ingroping and forced as she lost her opportunity numbers to just kick back the dustsex acts, are not ing a sexual relationship fell pregnant with his baby, to make it in the industry of 2017 and laugh at ourselves.believed. due to false promises. Mara ja, as laat registrasie as I am with so many things, I did not Zorena Jantze Fashion designer, Leah get the memo that there will be Masika, explained that a new song this coming festiveAnd with a steady sexual harassment in the season at the coast that will have drumbeat of new modeling industry has people bamboozled! I was sittingreports making headlines always been present, al- at home this week with my kidsinternationally, Namibia though more conceealed in dancing to this song like crazy,is no stranger to this saga the past. As a designer she crazy in their rooms! They wereas several women in the stated that amidst the rush lifting chairs over their heads andentertainment industry of fashion shows, female lifting each other. Mukuru uandje,raised their voices on the models sometimes even I called my local pastor to come#METOO movement. undress in front of male and help pray for these kids at my models, and get the odd house! I said, Pastor please come Varaakuani Hambira, lustful stare here and there. quickly, I think me and my wifeNamibia’s sweetheart in lost control over our family! Ourthe modeling industry, “Modelling entails being kids are either on flakka or theystated that although she alluring, sometimes there are under a tokoloshe spell! Howhas not experienced sexual are blurred lines. I think can anyone dance like this sowaarharassment in person, she Namibian women need to huh? I opened up my Wattsaphas been subjected to it on be more firm when they messages and boom, omunyesocial media. feel uncomfortable and omunye omunye! People dancing should be aware of their on roofs, picking up sidechicks “I think that most mod- rights,” Masika said. with superhuman strength overels are oblivious to the their heads in Mondesa in Swak-dangers of social media. A FREE kies! Okay luister mooi nou, allSeveral times I’ve been Colourds , Basters en Boere …approached by strangers Wimpy meal vouchers up for grabs! Omunye is a new song that iswhom claim to be work- trending. The meaning of theing for a modeling agency Win a free Wimpy meal voucher worth N$250 when you purchase anything at the Wimpy in Mariental, song comes from the Zulu wordand asked me to provide Keetmanshoop, or Otjiwarongo. meaning lifting something abovethem with nude pictures your head on top of something. Itor pictures that may be in All you have to do is: originates from Kwazulu Natal,compromising poses,” she the original capital of House mu-said. 1. Take a selfie with your receipt and the Licence *Winners announced every Friday. sic. Yes, I know ..please under- disk sticker you’ll get from the cashier stand us okay? When ‘De la Rey’ Miss Namibia 2010, Competition ends en ‘Kaptein’ also came out a fewmodel and actress, Odile 2. Upload it to Facebook or Instagram, tag 12 January 2018. years ago we did not understandMuller, also commented @BraZeb and #Wimpy the songs ..and we are also sorryon the subject and stated that we messed up your lyrics.that although she has not 3. Get your friends to like it because the most Black people were singing it loud-been subjected to any un- voted post gets the free meal voucher ly ‘Kaptein van die Suide la la la’wanted sexual advances in …sorry tog vir daai okay? So nowNamibia, she was sexually I’m not too sure how the Hererosharassed in South Africa. from Okakarara will warm to the news that Warakata has been Without revealing too overthrown by some Mbongoromuch on the subject, Mul- song right before the festiveler stated that women often season is starting! Namibians,bear the brunt when they we urgently need to have a musicreport sexual harassment Congress this weekend please. Weincidents. need a Namibian song that can counter this omunye nonsense just “There is definitely a lot to bring back sanity to our lives.of stigma attached to this Gazza, Dogg, Tate Buti if youissue, sometimes even the read this gents ..assamblief tog wewomen who have been need some Katutura interventionharassed feel a sense of on this Zuma invasion! Kho-shame, or would not like to masdal help ook hier asseblief,be viewed as a victim, as it bring back Tambaai, tambaai in ais a disempowering label, remix form or something! Well,especially in the cutthroat if all else fails ..lift up the nearestmodeling industry,” Muller chair, table, sidechick, bierkrat orstated. newborn baby …and lets omunye omunye omunye phez ‘komunye! Sally Ephraim Keya, See you in Wavis Bay!commonly known as SallyBoss Madam, explainedthat although she has notexperienced sexual harass-ment in the industry, it isa viable topic. Keya addedthat although she wouldn’tnecessarily label it assexual harassment, she haswitnessed naïve upcomingfemale musicians beingtaken advantage of. “I once met this youngwoman who got into a re-lationship with a producer

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18 SPORTS 14 December 2017- 17 January 2018Memorable sporting events of 2017Johannes defies the odds Nambala and Ananias Shikongo March. Nambala clinched his first Nation mourns Robbie Namibians to pay tribute to the late added to the jubilation when they Gold medal when he won the men’s celebrated Namibian number oneNamibia’s long distance runner, notched up wins at the 2017 World T13 200m race before claiming The Namibian sport fraternity suf- super fan, describing him as a trueHelalia Johannes, has once again ParaAthletics Grand Prix Competi- another Gold medal in the T13 400m fered a massive blow following the patriot and national icon.shown her competitors that age is tion in in March. Paralympic silver race after clocking 49.01 seconds. sad death of the country’s renownednothing but a number when she took medallist, Nambala won a Gold number-one sport superfan Robbiesecond place at the annual Sanlam medal in the men’s 200m T13 clock- Savage, who died aged 50 in July.Cape Town Marathon in South Af- ing 22.08 while in the men’s 200m Robbie, who has been described byrica in September, six seconds adrift T11 champion Shikongo claimed many as a true legendary supporterof Ethiopia’s Betelhem Moges who first place in 23.50. who never hesitated to choose whatwent on to win in 2:30.22. his heart really desired, died at the Nambala bags medals Katutura State Hospital after he suf-Paralympians make Na- fered a stroke.mibia proud Namibia’s Paralympics sprint- He rose to fame as the unofficial ing sensation Johannes Nambala, national sport mascot. His patriot-Fresh on the heels of the 27th Inde- scooped two Gold medals for the ism was spotted by President Hagependence celebrations, Namibia’s country at the FAZAA World Para Geingob when he was prime minis-Paralympian sprinters Johannes Athletics Grand Prix in Dubai in ter, who, also joined in with many2017 TRUSTCO GROUP Have a story you want to HOLDINGS LTD share? Or book an advert withSummarised group interim resultsfor the period ended 30 September 2017 our marketing department?HIGHLIGHTS ROYAL STATUS PLATINUM ACHIEVERS Contact Numbers 20% NAV Trustco earned Royal status and was placed Trustco placed second in the Deloitte’s annual “Best in the Top 10 of the Sunday Times Top 100 Company to Work For 2017” survey in Namibia and also Editors companies of the JSE for the 3rd consecutive earned a Platinum Achievers Award Seal. The seal is a year. Royal status is awarded to companies demonstration of the attractiveness of the organisation Nghidipo Nangolo who have placed in the Top 20 positions for and commitment to its people, enabling the a third consecutive year. organisation to market itself as an employer of choice. Editor-In-Chief Tel: 061 275 4726FINANCIAL HIGHLIGHTS REVENUE Email: [email protected] (NAD’000) Merja Iileka 2017 2016 560 171 News Editor NAD'000 NAD'000 Tel: 061 275 4719 408 066 498 769 Email: [email protected] 560 171Revenue 53 042 166 518 408 066 ReportersNPAT 53 035 166 346Headline earnings 5 505 128 4 357 156 2015 2016 2017 Eba KandovazuTotal assets 2 793 056 2 322 351Net asset value Revenues declined in 2017 from the previous years, as difficult Namibian economic News Reporter 2017 2016 conditions resulted in lower sales, mainly in the Investments segment. Trustco’s Tel: 061 275 4724Basic earnings per share cents cents focus during the interim period was to establish operational readiness at Meya MineHeadline earnings per 21.57 in Sierra Leone and executing phase 1 of the exploration programme. The revenue of Aili Iilongashare 7.11 21.54 the Resource segment will only materialise after the interim period.Net asset value per share 7.11 News Reporter 301 NAV PER SHARE 362 Tel: 061 275 4723 362 CENTS Marthina Mutanga 243 301 Multimedia JournalistLOOKING FORWARD 2015 2016 2017 Tel: 061 275 4717During the past year, Trustco weathered increasingly difficult conditions in the The increase in the net asset value of the group remains a function of organic growth Zorena JantzeNamibian economy. With Q1 and Q2 growth in Namibian GDP both showing in the main business areas. During the 2017 financial year growth in PPE, advances,negative growth of 1.7%, and economists predicting a similar picture for Q3, the investment properties and other receivables dominated the balance sheet. Capacity Business &country remained in a technical recession for the entire reporting period. This building in the resources segment was significant driver of this organic growth. Entertainment Reporterresulted in an average private sector credit extension (PSCE) growth of 7.4% as at31 August 2017, a reduction of 4.7% from 12.1% for the 2016 corresponding period. Tel: 061 275 4721The slow PSCE growth, evidenced by reduced growth in credit advanced to thehousehold and corporate sectors, impacted mortgage and instalment credit Gabriela Tjirozethe most. Sports ReporterOnly two economic sectors in Namibia, namely mining and agriculture, managed Tel: 061 275 4722to register strong growth for the first 8 months of 2017, which offset the negativegrowth for the construction, wholesale and retail trade and transport sectors. Maria DavidAlthough growth projections for the economies of Namibia and Southern Africa Northern Reporterremain weak, the growth projections for the global economy reflect an increase of Tel: 065 233 3000.4% from 3.2% to 3.6% for 2018. Niel TerblanchéA weakened ZAR/USD exchange rate further negatively impacted the growthof Namibia, given that the country remains a net importer. This exposure to a Coastal Reporterdomestic economy where so many of its inputs, such as exchange rate, food Tel: 064 212 000prices, drought and global liquidity remain outside of the control of governmentas well as private sector, shows that Trustco’s pursuit of cross border expansion Marketersand US dollar based revenues remains key for continued growth. Tersia BindemanNotwithstanding the above, Trustco’s operations continued to demonstratereliable performance coupled with resilience, even in the face of adverse COO Media Salesfinancial conditions. Tel: 061 412 521 081 142 9123The Board of Directors will continue to exercise its mandate to aggressively The Meya Prosperity Diamond - 476 carat. [email protected] shares as approved by the shareholders. Riaan SteynDIVIDENDS Sales & Admin ManagerThe board of directors has decided to defer the declaration of any 2018 Tel: 061 2754716interim dividend. [email protected] ANNOUNCEMENT AT WWW.TGH.NA AVAILABILITY DIRECTORATE Mandy Ockhuizen This unaudited short-form announcement is only a summary of the unaudited interim results, a summary Adv R Heathcote SC (Chairman)STATEMENT of which has been released on SENS. The full version of the results is available on the group’s website or at Dr Q van Rooyen (Managing Director)* Sales ExecutiveNote that any investment decision by investors our registered office. Mr J Mahlangu Tel: 061 2754715and/or shareholders should be based on Mr WJ Geyser [email protected] of the full announcements The unaudited interim results are available at the group’s registered office for inspection, at no charge, Mr RJ Taljaardpublished on SENS as well as information during working hours. Copies of the full announcement may be requested by contacting the investor Mr FJ Abrahams (Financial Director)* Hafunda Kamatipublished on the group’s website. The short-form relations department.announcement is the responsibility of directors. Sales Executive E-mail: [email protected] *executive Tel: 061 2754713 Telephone: +264 61 275 4501 REGISTERED OFFICE: [email protected] website: www.tgh.na Trustco House, 2 Keller Street, Windhoek, Namibia Nathanael Heita Sales Executive Tel: 061 2754714 [email protected] Ivy Mbaha Financial Administrative Assistant Tel: 061 2754711 [email protected] Matthew Castleman Sales Executive Tel: 061 2754713 [email protected]

14 December 2017- 17 January 2018 ADVERT 19Walvis Bay Ongwediva Special needs children enjoy festivities Trustco far North employees recently surprised the children of the Dr Frans Aupa Indongo Special Care Centre with an early Christmas lunch as part of their annual CSI initiative. The staff contributed N$5000.00, Christmas gifts, food hampers, toiletries and mattresses. The school has over 10 pupils with special needs, most of them are orphans. The gift of giving Utusib pensioners receive Christmas gifts Trustco’s Walvis Bay office extended a helping hand to three pensioners in the small community of Utusib, approximately 30km south of Walvis Bay. The donation, which comprised of blankets and food hampers, as well as cleaning materials was made on 8 December to sustain the pensioners for several months in the new year. www.tgh.na

20 SPORT 14 December 2017- 17 January 2018SPORTMEMORABLE SPORTINGAswetakealookdownmemorylaneEVENTS OF 2017Highs, lows, controversies and confusion - 2017 was an exciting time to be a sport fan. This Geingob summoned foot- Rio in November this year.week, Informanté Sport looks at the topics, people, and things that made news, the most ball to State Housememorable moments of the year. Here are the top stories that made headlines, this year. Champion cyclist killed in President Dr Hage Geingob sum- car accident Gabby Tjiroze Machine’ Indongo hit the ring to face parted ways with promoter Nestor moned football stakeholders to State America’s Terence Crawford, in a ‘Sunshine’ Tobias in December. House to demand answers on the cur- The Namibian Cycling FederationIndongo beats Burns to battle of unbeaten 140-pounders in rent issues affecting domestic foot- (NCF) and the Cycling fraternity inunify Super-Lightweight Nebraska, USA in August although NPL finally kicks off ball in March. Football in Namibia the Southern African country havetitles Indongo lost to Crawford, he put the has been experiencing a bumpy ride been thrown into a devastating mood Namibian name on the map. Football fans who had been long after MTC’s three-year agreement on the news of the death of Cyclist,Boxing - Namibia’s Julius Indongo starved of their soccer fix are now with the NPL came to an end at the Raul Costa Seibeb who died in a carbeat Ricky Burns in front of the Boxing mystery solved in for a treat when the beleaguered end of the 2015/2016 season. Since accident in May. This year proved toScot’s home Glasgow crowd in April domestic league, Namibia Premier then, the NPL has been struggling to be a sad one for the cycling fraternityto unify the Super-Lightweight divi- Boxing promoter and trainer Nestor League (NPL) finally kicked off. find a suitable sponsor which resulted when it also witnessed the passing ofsion with a unanimous points win. ‘Sunshine’ Tobias shed light on the NPL was officially launched in Oc- in the domestic league coming to a another cyclist, Elroy ‘King’ Beukes, storm of controversy and speculation tober, in Windhoek, with Namibia’s halt. who died while taking part in a me- over a video clip that circulated on sport chief benefactor MTC once morial ride for Seibeb. social media in August that insinuat- again reaffirming their support with Frankie Fredericks charged ed bribery in the fight between Julius N$15 million for each of the coming with corruption, money see page 18........ Indongo and Terence Crawford. The three seasons with FNB also confirm- laundering internet went wild following a video ing their support. of one of Indongo’s trainers picking Frankie Fredericks was being inves- up an envelope on live television. tigated after being paid almost $300 000 by the disgraced son of Lord Indongo parts ways with Coe’s predecessor as head of world Tobias athletics on the same day Rio was awarded the 2016 Olympics – in aFight of the Millenium In an ugly twist of events at the vote for which he was a scrutineer. country’s leading boxing promotion, Former world sprint championNamibia’s renowned Julius ‘Blue the MTC Nestor Sunshine Boxing Frankie Fredericks was charged with and Fitness Academy, it emerged that passive corruption and money laun- Namibia’s former triple world cham- dering relating to a graft probe into pion Julius ‘Blue Machine’ Indongo the awarding of 2016’s Olympics to

20 SPORT 14 December 2017- 17 January 2018SPORTIMORTABLE SPORTINGAswetakealookdownmemorylaneEVENTS OF 2017Highs, lows, controversies and confusion - 2017 was an exciting time to be a sport fan. This Geingob summoned foot- Rio in November this year.week, Informanté Sport looks at the topics, people, and things that made news, the most ball to State Housememorable moments of the year. Here are the top stories that made headlines, this year. Champion cyclist killed in President Dr Hage Geingob sum- car accident Gabby Tjiroze Machine’ Indongo hit the ring to face parted ways with promoter Nestor moned football stakeholders to State America’s Terence Crawford, in a ‘Sunshine’ Tobias in December. House to demand answers on the cur- The Namibian Cycling FederationIndongo beats Burns to battle of unbeaten 140-pounders in rent issues affecting domestic foot- (NCF) and the Cycling fraternity inunify Super-Lightweight Nebraska, USA in August although NPL finally kicks off ball in March. Football in Namibia the Southern African country havetitles Indongo lost to Crawford, he put the has been experiencing a bumpy ride been thrown into a devastating mood Namibian name on the map. Football fans who had been long after MTC’s three-year agreement on the news of the death of Cyclist,Boxing - Namibia’s Julius Indongo starved of their soccer fix are now with the NPL came to an end at the Raul Costa Seibeb who died in a carbeat Ricky Burns in front of the Boxing mystery solved in for a treat when the beleaguered end of the 2015/2016 season. Since accident in May. This year proved toScot’s home Glasgow crowd in April domestic league, Namibia Premier then, the NPL has been struggling to be a sad one for the cycling fraternityto unify the Super-Lightweight divi- Boxing promoter and trainer Nestor League (NPL) finally kicked off. find a suitable sponsor which resulted when it also witnessed the passing ofsion with a unanimous points win. ‘Sunshine’ Tobias shed light on the NPL was officially launched in Oc- in the domestic league coming to a another cyclist, Elroy ‘King’ Beukes, storm of controversy and speculation tober, in Windhoek, with Namibia’s halt. who died while taking part in a me- over a video clip that circulated on sport chief benefactor MTC once morial ride for Seibeb. social media in August that insinuat- again reaffirming their support with Frankie Fredericks charged ed bribery in the fight between Julius N$15 million for each of the coming with corruption, money see page 18........ Indongo and Terence Crawford. The three seasons with FNB also confirm- laundering internet went wild following a video ing their support. of one of Indongo’s trainers picking Frankie Fredericks was being inves- up an envelope on live television. tigated after being paid almost $300 000 by the disgraced son of Lord Indongo parts ways with Coe’s predecessor as head of world Tobias athletics on the same day Rio was awarded the 2016 Olympics – in aFight of the Millenium In an ugly twist of events at the vote for which he was a scrutineer. country’s leading boxing promotion, Former world sprint championNamibia’s renowned Julius ‘Blue the MTC Nestor Sunshine Boxing Frankie Fredericks was charged with and Fitness Academy, it emerged that passive corruption and money laun- Namibia’s former triple world cham- dering relating to a graft probe into pion Julius ‘Blue Machine’ Indongo the awarding of 2016’s Olympics to