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17/01/23 Market Watch

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CHAIRPERSON, NASASA: ANDREW LUKHELE

Company News MTN gets US$773 million Ghana tax bill.

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Gold (closed) • US$1 907.15/oz

Copper (closed) • US$9 185.50/t 0.02%

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Synergi Sales Manager: Carmen Stenger • Tel (061) 297 2102 • E-mail: [email protected]

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6.1% Average inflation rate recorded in 2022.

“As a financial scheme, stokvels have many advantages which are attractive to South Africans.”

Coordinating Editor: Jo-Maré Duddy • Tel (061) 297 2073 • E-mail: [email protected]

0.34%

NAMIBIA STATISTICS AGENCY

To visit the Market Watch Flipper website please scan the QR code with a QR reader

Gen. Murtala Muhammed AVE P.O. BOX 3436, Windhoek • Tel: (061) 297 2000 • Fax: 061 223 721

Strong growth expected in 2022

Global growth slowdown to weigh on Namibia The International Monetary Fund (IMF) estimates the global economy to decelerate to 2.7% in 2023. PHOTO KYLE-GLENN/UNSPLASH

The slowdown in 2023 will take some shine off the recent impressive performances of Namibia’s diamond mining and manufacturing industry and also slow down the recovery in tourism. PHILLEPUS UUSIKU

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hile the domestic economy is expected to record its best growth rate since 2015 in 2022, global growth slowdown will weigh on Namibia’s performance this year, analysts say. The International Monetary Fund (IMF) estimates the global economy to decelerate to 2.7% in 2023. According to PSG Economic Outlook, the global growth slowdown in 2023 will take some shine off the recent impressive performances of Namibia’s diamond mining and manufacturing industry and also slow down the recovery

in tourism. The robust rebound in private consumption following the 2020 lockdowns will also fade fast this year as the positive impact of reopening the economy tapers off, export earnings moderate, fiscal stimulus is curbed, and interest rates remain elevated, PSG added. The latest quarterly gross domestic product (GDP) growth figures by the Namibia Statistic Agency (NSA) indicate that the domestic economy expanded by 6.6%, 6% and 4.3% during the first, second and third quarter of 2022, respectively. PSG projects Namibia’s real GDP to grow by 3.9% in 2022, before mod-

INFLATION

We forecast real GDP growth to moderate to 2.6% in 2023 from 3.9% in 2022. PSG erating to 2.6% in 2023. Meanwhile, Bank of Namibia projects the economy to grow by 2.7% in 2022 and expand further by 3.9% in 2023. In addition, the World Bank projects the domestic economy to growth by 2.8% in 2022, before moderating to 2.0% this year.

The Bank of Namibia raised the repo rate by 300 basis points (bps) in 2022 to combat rising inflation and to maintain the one-to-one currency peg to the South African rand. “We expect the central bank will raise its policy rate by a further 50 bps to 7.25% in the first quarter of 2023, in line with the policy of the South African Reserve Bank which it closely follows,” PSG said. The first monetary policy announcement for the year is expected to take place on 15 February. Domestic inflation averaged 6.1% in 2022 which was mainly driven by transport and food. PSG anticipates inflation to average 5.0% this year. “We expect transport price inflation to remain in double digits in first quarter of 2023 due to base effects, but to ease significantly over the re-

mainder of the year thanks to the lower global oil price,” PSG added. The ministry and energy recently announced a reduction in fuel prices. Fin24 yesterday reported that huge sanctions are looming for Russia’s diesel exports. From February 5, the European Union, the G-7 and its allies will attempt to impose a cap on the price of Russia’s fuel exports — the latest punishment for its invasion of Ukraine. That will coincide with an EU prohibition on almost all imports of Russian oil products. Similar measures are already in place on the country’s crude shipments, but it is the cap and ban on refined fuels — and in particular diesel — that has some oil-market watchers concerned about the potential for price spikes. - [email protected] 

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Market Watch

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Survey conducted in South Africa

Economic crunch could boost stokvels in 2023 The survey found that the average monthly contribution to stokvels increased from R1 213 in 2021, to R1 384 in 2022 – an increase of 14%.

head of retail investments at Nedbank. Different types of stokvels are offered, including rotational stokvel clubs and grocery stokvels. It is a phenomenon that exists worldwide, according to the Nasasa website. Similar financial systems include tandas in South America, kameti in Pakistan and tanomoshiko in Japan.

NA’ILAH EBRAHIM

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he number of South Africans belonging to stokvels is expected to increase in 2023 amid market volatility, says chairperson and founder of the National Stokvel Association of South Africa (Nasasa) Andrew Lukhele. With a membership of 11.4 million in 2022, the saving scheme has been valued at over R45 billion per annum and has become increasingly popular among South Africans. Some 810 000 stokvels were registered on the Nasasa database in 2022. Speaking to News24, Lukhele says saving schemes like stokvels have been used historically when people have experienced tough economic climates, in-

As a financial scheme, stokvels have many advantages which are attractive to South Africans. Andrew Lukhele Chairperson: Nasasa cluding during wars and pandemics. “The term ‘stokvel’ is derived from the cattle auctions or stock fairs of English settlers in the Eastern Cape during the

Financial pressures PHOTO REUTERS

early nineteenth century,” explains Lukehele. It is a financial scheme where clubs of individual members contribute money each month in a lump sum. This lump sum can be given to one member of the club weekly, every fortnight, monthly, or even annually. Members can also receive a lump sum of their monthly

contributions at the end of each year. “Stokvels, or saving clubs, have been around for generations, and create mini communities in which like-minded people can meet regularly to socialise and support each other in keeping up with monthly contributions,” according to Sisandile Cikido,

Following the financial pressures of the pandemic, many South Africans turned to stokvels as a means to save money. According to the Old Mutual Savings and Investment Monitor in 2022, informal savings and stokvels “remain popular and continue to attract significant inflows”. The survey found that the average monthly contribution to stokvels increased from R1 213 in 2021, to R1 384 in 2022

– an increase of 14%. “South Africans are notoriously poor savers, which impacts the economy as a whole as well as families’ ability to ride out tough times. As we saw during the Covid-19]lockdowns, stokvels helped many people to survive the catastrophic loss of income,” says Cikodo. These financial pressures may continue to increase in 2023, as many South Africans are currently going through financial distress due to rising costs of living and interest rates. As a financial scheme, stokvels have many advantages which are attractive to South Africans, according to Lukhele. “It is trustworthy, approachable and sympathetic to the needs and difficulties of members and can help in emergency situations when money is needed quickly because they are flexible and accommodating,” he says. - Fin24

Opinion

Life, funeral, disability cover most important during the global pandemic MARTIN SHAANIKA The global pandemic has driven home various lessons but mainly it is that life is uncertain and the unexpected can happen at any moment. We have witnessed many losses of lives taken by the pandemic especially when it comes to the loss of loved ones due to Covid-19. Headed into another year, living with Covid most people, especially breadwinners who want to ensure that

their families are cared for after they have passed on and it is critical to be reminded of advice given during a period where times were more certain than now. While we cannot avoid certainties like death, we can prepare for them to ensure those left behind can mourn without added financial burdens and that the last worry is about financial constraints, let alone the heart ache. Covid19 is an ongoing health catastrophe and will continue to be.

Reports have shared that death claims increased 127% in the third wave and the life insurance industry saw the impact of the pandemic firsthand. In the first two waves of Covid-19 (April 2020 to March 2021), death claims increased by 64% in rand value, according to the Association of Savings and Investment South Africa (ASISA). The third wave, (April 2021 to September 2021) saw death claims increase by 127% in rand value.

Request for Proposals 1. The Namib Desert Diamonds (PTY) Ltd (NAMDIA) is a public enterprise seeking a reputable company to provide secretarial services on behalf of NAMDIA. 2. Preference shall be provided to 100% Namibian registered accounting firms owned by previously disadvantaged Namibians and registered with the PAAB. 3. All interested bidders can download the bidding document at www.namdia.com, under the procurement tab. 4. Closing date for submitting proposals is Thursday 23 February 2023 at 11:00. 5. No late submissions will be accepted. 6. Any enquiries can be addressed to Maritza Julius at [email protected]

In the same six months in 2019, prior to Covid-19, insurers received just under 370 000 death claims. During the third wave, there were over 565 000 death claims. With so many statistics seen through our neighbouring country, this is a real eye opener for us to become more vigilant and aware of preparedness while time still allows. Although times were tough financially, the importance of life insurance and funeral cover was never more evident seen through alarming figures reported by ASISA. If there are a few observations to take note of, we can see an increased focus on the importance of funeral benefits. Where employers haven’t had this type of cover for all staff previously (for example

where contract workers aren’t covered for funeral benefits), insurers are looking to introduce funeral benefits. There has also been a need for funeral cover to provide benefits for not only the member, spouse, and children, but to extend this to other family members that would include the member’s parents, which is deemed important especially for more rural settings. Cocid-19 not only continues to be an emotional and mental devastating period, it also has severely dented the pocket with the health risks it has shown, at a time when one can least afford it. A few best ways to avoid the high costs of Covid-19 and other severe illnesses it comes along with. A few include the following: Keeping screening for serious illnesses. One of the lingering impacts of the coronavirus pandemic has been the drop in preventative testing and screening – especially for illnesses such as cancer. Keeping healthy through managing chronic conditions, not smoking, as well as reaching and maintaining a healthy bodyweight will make your life cover premiums more affordable. Review your financial plans, is the best way to keep your house in-tact, review your financial plans to see how you can add additional emergency savings into your budget and ensure you have suitable insurance including life and funeral cover before it’s too late. In addition, apart from life and Martin Shaanika, Managing Director of Namforce Life Insurance Ltd. PHOTO CONTRIBUTED

funeral cover, Covid-19 has changed the game for disability insurance as well. For years, financial advisors and experts have been lending sound advice which overly emphasizes the importance of financial planning and preparing for the unexpected. It’s the only way to help safeguard your income and your family by having insurance protection in place before you get sick or injured especially during such uncertain times we’re living in. Last year Social Security Administration in South Africa estimated that a 20-year-old has a 1 in 4 chance of becoming disabled before they reach retirement age. With such an high estimated chance of becoming disabled, it is an eye opener and a reminder of why products put on the market to help in such difficult moments are embraced. With the ground on the matter due to the pandemic, the insurers are still trying to determine how to verify some issues from “long Covid.” Unfortunately, some have been denied disability benefits despite being unable to work due to such symptoms caused by Covid and it is critical to get regular check- ups and declare symptoms and family history much prior to Covid. Fortunately, medical sector is developing better tests to properly diagnose these issues for claims. In conclusion, expectation for any new waves and preparedness in the new year must be highly considered or even reviewed if not already. Consider meeting with a trusted financial advisor to discuss your options. At Namforce, we encourage all to act sooner rather than later—when Covid-19 first hit, it happened so quickly that people didn’t recognize the need until it was too late. Seek the best options that are affordable for you and most convenient.

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Market Watch

TUESDAY 17 JANUARY 2023

Economic Indicators Currency

Spot

Currency

Spot

1M

3M

6M

12M

USD/NAD

17.052

NAD/AUD

0.084211

USD/ZAR

17.1075

17.1859

17.3007

17.5262

EUR/NAD

18.45319

NAD/NZD

0.091765

EURO/ZAR

315.8911

317.4045

319.6197

323.9588

GBP/NAD

20.80514

NAD/BWP

0.7422288

GBP/ZAR

356.1249

357.7830

360.2115

364.9686

NAD/CHF

0.3941516

NAD/JPY

7.53

ZAR/JPY

7.4737

7.3821

7.2383

6.9635

Please call your Private Banker or alternatively SMS PMM to 34778 *Effective rate (withholding tax still to be applied)

COMPANY NEWS IN BRIEF TENCENT FIRES MORE THAN 100 ­EMPLOYEES Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement. The Hong Kong-listed company is the world’s top video game maker and the owner of popular super-app WeChat but has struggled under a broad regulatory crackdown on China’s tech sector initiated in late 2020. In a statement, the firm - which in November posted its second consecutive quarterly decline in revenue - said it had found more than 100 employees guilty of violating its anti-fraud policy. More than 10 were transferred to China’s public security organ, it added, accusing them of “bribery or occupation”. “In response to the problems of corruption and fraud within the company, Tencent’s Anti-Fraud Investigation Department continued to strengthen its crackdown and investigated and dealt with a series of violations with common problems,” the firm said. “The number of cases and personnel investigated and dealt with throughout 2022 has increased compared with 2021,” it added. Those accused were found to have embezzled company funds and accepting bribes, it added, with a number referred to police and some found guilty in court. A number of those fired and accused of corruption were part of the company’s PCG arm, which oversees the its mammoth content output from news to sports and movies. But they also span Tencent’s other businesses, including cloud computing and fintech. Most notably, one employee was found guilty of “accepting bribes from non-state employees” and sentenced to three years in jail, the company said.

creasingly caught up in tax disputes on the continent. MTN was victorious in a conflict in Nigeria in 2020 when the government had to drop a $2 billion claim for back taxes following a 16-month battle. More recently, Vodacom has been embroiled in a controversial tax demand in the Congo that saw the government seal parts of its offices and freeze its bank accounts. The Ghana Revenue Authority (GRA) used a third-party consultant as well as a new methodology, the company said. “MTN Ghana strongly disputes the accuracy and basis of the assessment, including the methodology used in conducting the audit,” the company said. Florence Asante, a spokesperson for the GRA, said she couldn’t immediately comment when reached by phone. Ghana, which lost access to the international capital markets due to its ballooning debt and loan service costs, suspended interest payments on its external debt last month. The nation is trying to restructure its obligations to finalise a $3 billion bailout from the International Monetary Fund. MTN said in the statement that the GRA had begun an audit of its Ghanaian business in 2019 to look into the “reliability and completeness” of the revenue it declared during the five-year period. The GRA hadn’t issued the unit with any guidelines or standards relating to its new audit methodology, MTN said.

PHOTO REUTERS

PHOTO REUTERS

MTN GETS US$773 MILLION GHANA TAX BILL MTN, Africa’s largest wireless carrier, said it’s received a US$773 million back-tax bill, including penalties and interest charges, in Ghana that it plans to fight. The bill is for the period between 2014 and 2018 and implies that MTN under-declared its revenue in the country by 30%, the company said in a statement on Friday. MTN said it received the notice this week. “MTN Ghana believes that the taxes due have been paid during the period under assessment and has resolved to vigorously defend MTN Ghana’s position on the assessment,” the company said. Africa’s largest wireless carriers are in-

– Fin24

– Fin24

– Fin24

PHOTO REUTERS

prejudice basis, which refers to it retaining its legal rights. The settlement provides for an audit of the supplier development obligations under the contracts, which could reveal whether Transnet suffered any losses from the contracts. The settlement provides a mechanism for the matter to be resolved if it is shown that Transnet suffered losses. All the cranes under the contract were supplied to Transnet by Liebherr and are being used by Transnet port terminals.

TRANSNET REACHES SETTLEMENT WITH LIEBHERR The Special Investigating Unit (SIU) and Transnet have reached a settlement agreement with Liebherr, a Swiss-based equipment manufacturing company, over the irregular awarding of two tenders for the supply of cranes to Transnet. The SIU said on Friday the agreement was reached on 31 December 2022 by the SIU, Transnet and Liebherr to set aside and review the tenders, which were awarded in 2013 and 2014. The SIU found that the decision to award the tenders was irregular. It is envisaged that the review application will be launched this year. At around the same time that the tenders were awarded, Liebherr made a US$3.2 million, or R54 million, payment to a sales agent called Accurate Investments Limited. Accurate Investments has been linked by AmaBhungane to a series of kickback schemes allegedly linked to the Gupta family. The total sum that Liebherr paid to the sales agent has been repaid to Transnet as part of the settlement, despite the SIU finding no evidence that the payments made were corrupt or fraudulent. Liebherr agreed to repay the sum on a without

TWITTER SUED OVER DATA LEAK Twitter was sued over an alleged data leak that may have exposed the information of more than 200 million users but which the company denied was caused by a flaw in its system. New York state resident Stephen Gerber claims his personal information was among the cache of data obtained by hackers between 2021 and 2022. He sued Friday in San Francisco federal court seeking class-action status for all those whose information was leaked. Gerber blames a defect in Twitter’s application programming interface (API) that allowed cybercriminals to obtain usernames, emails and phone numbers of users of the social media website. In January, an anonymous user on the hacker site BreachForums published a database that they claimed to contain basic information on hundreds of millions of Twitter users. Twitter said in a blog post that there was “no evidence that the data being sold online was obtained by exploiting a vulnerability of Twitter systems”. “The data is likely a collection of data already publicly available online through different sources,” the company said. Gerber claims in the complaint that Twitter “seemingly buried its head in the sand” and says the company may have tried to hide the magnitude of the leak. Twitter “to this day, has inexplicably failed to notify or contact the victims of this particular API exploitation”, Gerber said. Gerber is seeking unspecified monetary damages, likely to exceed $5 million, and court orders requiring Twitter to hire thirdparty security auditors to test and audit its systems as well as to implement and

maintain a security program designed to protect the confidentiality of the users. Twitter, which doesn’t have a public relations department, didn’t respond to an emailed request for comment. – Fin24

LABOUR DEPT TO HELP INJURED WORKERS AT ASTRAL The Department of Employment and Labour said it would be helping workers injured during an incident at an Astral Foods’ poultry facility to access compensation benefits. Similar efforts would be made for the families of the two workers killed in the incident which took place last Sunday at Astral’s County Fair facility in Klipheuwel, Agter Paarl. Speaking to News24 after a visit to the facility and the families of the two deceased workers, Employment and Labour Minister Thulas Nxesi said the department would also be “looking at the company” to make sure it was complying with regulations. “We have met with the management at County Fair and we have been able to listen to what they are saying. All we could say at this stage is we have indicated there is an investigation that is already going on by our inspectors and we have been told them about the prohibition of that area where the accident happened until such time that everything has been cleared and there is no danger there.” He said the department would allow the investigation by its inspectors to take its course. “It is unfortunate that lives have been lost and we will go and pass on our condolences to the families,” he said. Astral, which is South Africa’s largest poultry producer, said on Thursday that the incident took place at 13:00 while the men were working at the waste disposal plant, “which is separate to the main plant and which does not have any septic pits”. – Fin24

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Market Watch

TUESDAY 17 JANUARY 2023

Price cap on diesel exports

Huge sanctions looming for Russia From February 5, the European Union, the G-7 and its allies will attempt to impose a cap on the price of Russia’s fuel exports – the latest punishment for its invasion of Ukraine. ALEX LONGLEY AND JACK WITTELS

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n unprecedented chunk of the global diesel market, the workhorse fuel of the global economy, is just weeks away from being subject to aggressive sanctions. From February 5, the European Union, the G-7 and its allies will attempt to impose a cap on the price of Russia’s fuel exports – the latest punishment for its invasion of Ukraine. That will coincide with an EU prohibition on almost all imports of Russian oil products. Similar measures are already in place on the country’s crude shipments, but it is the cap and ban on refined fuels — and in particular diesel — that has some oil-market watchers concerned about the potential for price spikes. Prior to its invasion of Ukraine, Russia was Europe’s largest external supplier of the fuel and the continent has continued to buy in big volumes right up to the cutoff. As a result, the sanctions are likely to see a great rerouting of global diesel flows – aided by Russia’s new crude buyers sending fuel back to Europe. In the short-term, there’s a risk of higher prices. “The loss of Russian barrels is huge and replacing them will be a huge logistical challenge,” said Keshav Lohiya, founder of consultant Oilytics. “But the market is pricing in less panic as markets and trade flows have proven resilient. This will be a new rerouting of diesel.” The European Union will have to replace about 600 000 barrels a day of diesel imports, and Russia will need to find new buyers for those supplies, store the fuel on ships, or cut production at its refineries. Shipments into the EU from the US and India have already been on the rise as they produce more than they consume, allowing them to export their surfeit. China is also expected to send more of the fuel into its nearby markets, indirectly pushing cargoes from other suppliers toward Europe.

Janet Yellen headed to South Africa CHRISTOPHER CONDON, MATTHEW HILL AND PRINESHA NAIDOO US Treasury Secretary Janet Yellen departs today to visit three African countries central to President Joe Biden’s strategy to rejuvenate ties on the continent and counter China’s influence across the developing world. The 11-day journey comes just a month after Biden hosted more than 40 African leaders in Washington, where US$15 billion in new commitments and deals were announced. “The US wants to build on that progress,” said Razia Khan, head of research for Africa and the Middle East

Models of oil barrels and a pump jack are displayed in front of Ukrainian and Russian flag colors. PHOTO REUTERS

Analysts

“Product flows from net-long regions will intensify as the continent’s embargo on Russian products takes effect February 5th, which we see compounding a tight diesel situation,” Bernstein analysts including Oswald Clint wrote in a note to clients. India’s role in supplying Europe is notable because it has become one of the biggest buyers of discounted Russian crude since the war broke out. A big increase in Indian diesel flows would all-but guarantee that Russian crude was being purchased and refined into diesel in India before being sold back to Europe. Such a trade wouldn’t breach the EU’s rules, but it highlights the inefficiency inherent in the sanctions. Essentially, hydrocarbons will be transported thousands of miles further than would normally be the case – and then back again. There’s also the potential for murkier practices, such as redocuat Standard Chartered Plc in London. “They’re trying to reinforce that there is a different model for how to develop” than relying on China. Her meetings in Senegal and South Africa will bracket a visit to Zambia, seen as a proving ground for democracy in southern Africa and for debt relief prospects among heavily indebted countries worldwide. Yellen on Friday in Senegal will deliver what the Treasury is billing as “major remarks on the US-African economic relationship.” Senegal, where she’ll meet President Macky Sall, is expected to have the fastestgrowing economy in Africa this year and is currently chair of the African Union. In Zambia, she’ll meet with President Hakainde Hichilema, a oncejailed opposition leader who has pursued democratic and economic reforms. Under Hichilema’s predecessor, Edgar Lungu, the US threatened to sanction officials from the then-ruling party if they tried to rig the 2021 elections.

The loss of Russian barrels is huge and replacing them will be a huge logistical challenge. Keshav Lohiya Founder: Oilytics menting cargoes, or sending fuel to refined products storage hubs in other regions to for blending with non-Russian products. So far this winter, the worst predictions of oil scarcity have been averted. Diesel, which months ago was the epicenter of oil-market strength, has softened thanks to unseasonably warm weather and an influx into Europe.

Crude prices slid after sanctions on Russia appeared to reroute exports, rather than cut them. Still, consultant Energy Aspects Ltd. said this week that Russia will only be able to find a home for about a third of its diesel exports and that the rest will have to be shut in.

Refining

“The products embargo is the tricky one because Russia has really struggled to place its diesel anywhere else other than Europe,” Amrita Sen, the consultant’s chief oil analyst said at the Global UAE Energy Forum organized online by Dubai-based Gulf Intelligence. That’s in the context of a European refining industry that’s getting ready for a seasonal round of maintenance work, and also facing disruption. A threat of renewed strikes in France could shut down some of the nation’s fuelmakers a day after the sanctions on Russia come into effect. ing of about $12.8 billion under the Group of 20’s new Common Framework. The program seeks to unify the position of commercial and sovereign creditors and smooth the path to relief for the most heavily indebted countries.

External

US Treasury Secretary Janet Yellen. PHOTO FORBES

Meanwhile, Chinese companies won billions of dollars in government tenders, all funded by debt that ultimately helped bankrupt the nation. “Zambia is the best democracy story we have right now on the continent,” said Michelle Gavin, a former US ambassador to Botswana and a senior fellow at the Council on Foreign Relations. “It’s the best chance to prove that more democracy, more rule-oflaw delivers results for citizens.” Zambia defaulted on its debt in 2020, and has since applied for restructur-

China holds about a third of Zambia’s external debt, but has dragged its feet on the process, leaving Zambia and the entire Common Framework project in limbo. That’s kept other struggling governments from seeking help from the program, and led to heavy criticism of China from Western officials, including Yellen. “Zambia is a key test case,” Standard Chartered’s Khan said. “If something can be done in Zambia’s case that does accelerate the process, that could encourage other countries to act early, well ahead of getting to the point of default.” That’s especially important, she added, at a time when Covid-19, the war in Ukraine and a strengthening dollar are pushing many emerging

Two oil refineries in eastern Germany – previously supplied with piped Russian crude – are having to make less fuel than they normally would because those flows have halted. And lying quietly behind all of that, is a host of logistical and technical issues that could flare up at any moment. Markets for war insurance for ships calling at Russia remain in crisis after key reinsurers withdrew some of their cover, while oil tanker costs have already spiked once in the run up to the implementation of crude sanctions. For now, there’s little immediate sign of panic in oil markets. The key question in the coming weeks is whether enough heavy lifting can be done to transform the world’s diesel flows. “The market will always solve it,” said Eugene Lindell head of refined products at consultant FGE. “It’s just how much pain is it going to incur?”

– Fin24

markets close to the breaking point. Ghana became the latest country to default when it suspended interest payments in December. The last stop is South Africa, which has just assumed the chair of the BRICS club of nations, and may seek to admit new members to that political and economic grouping of major emerging markets. Expanding the body – comprising Brazil, Russia, India, China and South Africa – could increase its role as a counter-weight to the global dominance of developed economies such as the US. Yellen is expected to push the government of President Cyril Ramaphosa to pursue its fledgling transition to cleaner energy and away from a heavy reliance on coal. South Africa has been promised US$8.5 billion from rich nations to help, but most of that is in loans, not grants, and the country is dealing with an energy crisis that risks curbing economic growth. While the US is among countries backing the project, authorities may ask the US for additional financial support. – Fin24

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Market Watch

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Investing wisely

Summer time is braai time! The summer is in full swing and synonymous with that are braais and pool parties. Homeowners who plan to host outdoor gatherings this summer could try a few affordable upgrades that could not only bolster their enjoyment of the space but also increase property values. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, an outdoor home improvement project can add to the appeal of the home when it later comes time to sell. “Upgrading the outdoor entertainment area is likely to increase the resale value of the home, but just be sure not to over-capitalise and spend above the ceiling price of the neighbourhood,” he advises. For those looking for affordable outdoor upgrades that can easily be recouped when it later comes time to sell, RE/MAX of Southern Africa shares the below tips:

Wash walls, repaint, or create a feature

The most affordable way to upgrade your outdoor entertainment space is to clean up the exterior of the home. Hire a high-pressure hose and wash down all exterior walls – especially those that are visible from the outdoor entertainment area. If the walls are painted, touch up any cracks and repaint them. Create a feature wall by choosing a bold colour to paint on just one section of the exterior; or, for those who are handy with power tools, a timber-cladded exterior feature wall can also do wonders when it comes to upgrading the look of the space.

Tackle simple maintenance issues

Nothing adds value more than a well-maintained, neat outdoor PHOTO PEXELS

SPONSORED BY NEO PAINTS

space. Clean out the gutters and fix any damaged outdoor pipes or drains. Get the roof professionally cleaned and make sure it is in good condition. Use a highpressure hose to clean down any paving and repair any parts that are damaged. Tackle any weeding and prune overgrown hedges and trees.

Upcycle, recycle, or DIY

Adding a covered patio or outdoor entertainment area can create that much-needed extra space in which to entertain and relax but these additions can be costly depending on what structure you decide to build. For a more affordable solution, find resources to upcycle, such as palette wood, that can be turned into a pergola with trailing plants that grow overtop to create natural shade. You can also make your own built-in fire pit using recycled materials such as an old washer drum. Instead of buying expensive outdoor furniture, add value to the home by building a concrete seating area around the fire pit. If you do tackle a DIY project, Goslett warns homeowners to make sure that the addition is structurally sound and well-built. “A poorly built structure could otherwise decrease the resale value of the home,” he cautions. As a final piece of advice, Goslett recommends getting in touch with your nearest RE/MAX Office for some free advice before you tackle any home upgrades. “As experts on the local property market, real estate professionals can let you know if spending money on upgrades will add value or not. They might even have a property in your price range that offers the exact kind of outdoor space you envisioned, which could end up saving you from the hassle of having to do renovations yourself,” he concludes.

The difference between a home buyer & property investor PHOTO PEXELS

In the real estate world, there is a substantial difference between an investor and a home buyer. The criteria by which the property will be judged will differ vastly depending on how the buyer intends to use the property.

“I

t is vital for buyers to establish their intentions for the home upfront before they start the house hunting process,” says Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett. “Those who intend to live in the home will need to find a property that suits their personal needs and should consider factors such as proximity to their workplace and schools, future plans for family expansion, and other aspects concerning the overall functionality of the home.” On the other hand, he says that investors are more concerned with wealth creation and should therefore consider things such as average

annual house price appreciation, area demand, and rental prices in the area. Both home buyers and investors need to consider that, unless they plan to flip the property, most real estate investments are a long-term investment strategy that can take at least five to ten years to mature. “If the property a buyer purchases is not their forever home, they need to remember that it takes a while to build up enough equity in the home to help them climb the property ladder,” Goslett says. “There are also various costs that they will need to cover when buying a new home – such as transfer duties, and bond registration costs – and selling the current home, such as compliance certificates, a municipal rates clearance certificate, and an agent’s commission. “Even if it is just a starter home, I would advise home buyers to purchase a property that they will be comfortable living in for at least five years. This will allow the market enough time to appreciate in value to help them afford the costs of upgrading to a larger home,” he recommends.

If your goal as a property investor is to set yourself up for future financial security, then Goslett also advises against prematurely selling the property before it has had enough time to appreciate in value. “Perform the necessary calculations on what to expect on monthly rental returns to make sure that you can afford to hold onto the home for around five to ten years before selling,” says Goslett. As a final word of advice to investors, Goslett suggests that the year ahead might present the perfect conditions in which to purchase more investment properties. “All market indicators seem to point to house price appreciation slowing in 2023. If this is the case, it might not be the best time to sell, but it could present the opportunity to build out your real estate portfolio so that you have two or three properties benefitting from the solid longterm growth we are bound to see once the market recovers. To find out more about how your local market will perform in the year ahead, reach out to your nearest RE/MAX agent to make sure you never miss an opportunity.”

6

Market Watch

Market Watch Spertye: Deadlines:

tuesday 17 january 2023

Kleinadvertensies • Classifieds TEL: 061*297 2175 fax: 061*239 638 Email: [email protected]

13:00 twee werksdae voor plasing 13:00 two working days prior to placement

Geen advertensies sal telefonies aanvaar word nie. INHOUDSOPGAWE

CONTENTS

001 Sterfgevalle 002 In Memoriam 003 Dankbetuigings 004 Verlore 005 Kennisgewings 006 Persoonlik 007 Opleiding

001 Death Notices 002 In Memoriam 003 With Gratitude 004 Lost 005 Notices 006 Personal 007 Training 008 Employment Wanted 009 Vacancies 010 Services 011 Congratulations 012 Properties 013 Construction 014 Accommodation 015 Wanted to Let 016 To Let 017 Commercial Wanted to Let 018 Commercial to Let 019 Commercial Property to Buy 020 Comm. Property for Sale 021 Goods Wanted to buy 022 Goods for Sale 023 Animals 024 Bicycles and Motorcycles 025 Vehicles 026 Trucks and Trailers 027 Residential Prop. to Buy 028 Residential Prop. for Sale 029 Businesses 030 Farms Wanted to Buy 031 Farms for Sale 032 Auctions 033 Erven Wanted to Buy 034 Erven for Sale 035 Legal Notices

008 Betrekkings gevra 009 Vakatures 010 Spesiale dienste 011 Gelukwensings 012 Eiendomme 013 Bou en verf 014 Akkommodasie 015 Te huur gevra 016 Te huur 017 Kommersieel te huur gevra 018 Kommersieel te huur 019 Kommersieel te koop gevra 020 Kommersieel te koop 021 Allerlei te koop gevra 022 Allerlei te koop 023 Diere 024 Motorfietse en fietse 025 Motors 026 Vragmotors en sleepwaens 027 Huise te koop gevra 028 Huise te koop 029 Besighede 030 Plase te koop gevra 031 Plase te koop 032 Veilings 033 Erwe te koop gevra 034 Erwe te koop 035 Regskennisgewings

RATES & DEADLINES To avoid disappointment of an advertisement not appearing on the date you wish, please book timeously. Classified smalls, notices and display smalls: 13:00, two working days prior to placing. A handling fee of 15% is payable on cancellations received in writing by 13:00 two days before scheduled publication. No cancellation will be accepted if received after this deadline. RATES: (Monday * Friday) › Classifieds Smalls: N$105 for the first 20 words and N$2.40 (15% Vat included) for every word thereafter › Display Smalls: N$108.10 per col/ cm (15% Vat included) › School notices: N$66.70 (15% Vat included) per col/cm › Churches: N$66.70 (15% Vat included) per col/cm › Sport Clubs: N$66.70 (15% Vat included) per col/cm › Births, engagements, marriages, deaths, In memoriam: N$66.70 (15% Vat included) per col/cm › Legal Notices: N$697 for the first 300 words and N$2.40 (15% Vat included) for every word thereafter

CONDITIONS OF ACCEPTANCE: Republikein reserves the right to withhold or cancel any advertisement order that has been accepted. Republikein accepts no liability for failure to publish an advertisement received by telephone. ERRORS: Please report errors immedi*ately. Republikein accepts no responsibility for more than one incorrect insertion of any advertisement of any cost beyond the cost of the space occupied by the faulty advertisement. No re*publication will be given due to small typographical errors which do not lessen the effectiveness of the advertisement. Republikein does not accept responsibility for mispresentation in advertisements.

009

AMPLE NATURE INVESTMENTS CC, requires 2 Agronomist specifically for its Naturally Ventilated Polyhouse. Location: Karibib Requirements: Diploma in Computer Engineering or Bachelor of Technology (Bio-Technology) Agriculture. -Minimum experience of 2 years or more in ‘Naturally Ventilated Polyhouse (NVP) Farming’. -Expertise in covered cultivation, micro irrigation and postharvest technology. -Fertilizer and irrigation management in Naturally Ventilated Polyhouse. Apply with your CV, qualification certificates along with ID proof on or before 15th January 2023 via email [email protected]. DM0202300407447

VACANCY AVAILABLE POSITION: PHARMACIST • • •

BPharm Computer Skills Good Communication skills Willingness to work weekend Fluency in English, more languages will be an advantage At least 2 years’ experience Registered with the Pharmacy Council of Namibia

• • • •

y toda... is

LE MORGAN: A great opportunity: A Dynamic Company is looking for sales driven orientated individuals to become successful in sales and Marketing. Excellent opportunity for self motivated individuals who want to to join a winning sales Team. Market a well known & established product through referrals & exhibitions. No experience needed full training given. For interview please contact our office Le-Morgan 061-302322. DM0202300407524

FRIENDLY and competent household manageress with driver’s license sought for a German family in Windhoek. Potentially with live-in facility. Please contact: [email protected]. DM0202300407521

010

Spesiale dienste Services

Kid inventors’ day

NATIONAL ACADEMIC TRAINING COLLEGE REGISTRATION 09 JANUARY 31 JANUARY 2023 Do Grade 11 over two years or improve your symbols (NSSCO) Day and Online classes available. NO AGE LIMIT

Kid Inventors’ day was created several years ago by people who wanted to celebrate the achievements of the youngest inventors as well as encourage more children to be creative.

016

Te huur To Let

AVIS VILLAGE COMPLEX: 3 Bedroom unit, 2 bathrooms, lounge, dining room area, single garage, front- and backyard, 2 courtyards. Rent: N$ 9 000 per month plus deposit, water included, electricity excluded. Contact: 081-1405670. DM0202300407493

EROS: Acacia close 3 bedroom, 2bathroom duplex townhouse guest toilet, laundry, lapa with built-in BBQ, double garage, carports. N$ 11,000. Annelize: 081-1285451. DM0202300407466

WANAHEDA: Beautiful secure one (1) bedroom open plan flat (bic).Spacious yard, outside shower & toilet, water inclusive. Rent Fees: N$2500.00 plus N$2 500 deposit (Payable in two (2) months). Call: 081-4803927 /081-8144888. Beautiful secure one (1) bed room flat. Spacious yard, spacious open plan sitting room/kitchen, stunning shower &toilet, neat kitchen, (bic), water inclusive. Rent Fees: N$3 500 plus N$3 500 Deposit (Payable in two (2) months). Call: 081-4803927 / 0818144888. DM0202300407525

025

Motors Vehicles

SEND CV TO EMAIL: [email protected]

BOOK & PAY FOR YOUR CLASSIFIED ADS ONLINE Visit https://classifieds.my.na * log in via your my.na account and follow the easy steps to upload your classified ad.

Vakatures Vacancies

No advertisements will be accepted telephonically.

Call: 061- 301 839/081 319 2983 or visit c/o PasteurandJohann Albrecht Street, Windhoek West.

035

Regskennisgewings Legal Notices

NOTICE Take notice that PLAN AFRICA CONSULTING CC,TOWN AND REGIONAL PLANNERS, on behalf of the owners of the respective erf, intends to apply to the City of Windhoek for: · REZONING OFERF 2398 KLEIN WINDHOEK, CONRAD RUST STREET FROM ‘RESIDENTIAL’ WITH A DENSITYOF 1:900M² TO ‘HOSPITALITY’ FOR THE PURPOSE OF A GUESTHOUSE. · CONSENT TO USE THE ERF FOR THE PURPOSE OF A GUESTHOUSE COMPRISING OF 9 ROOMS INCLUDING A RESTAURANT AND SPA. Erf 2398 is 1 627m² in extent. The intention is to use the existing house which comprises of 9 bedrooms for a guesthouse including a restaurant and spa. The proposed activity is in line with the Windhoek Town Planning Scheme. The zoning hospitality was approved in Amendment Scheme 103. Further take notice that the locality plan of the erf lies for inspection on the town planning notice board at the City of Windhoek and at Plan Africa Consulting CC, No 8 Delius Street, Windhoek West. Further take notice that any person objecting to the proposed use of the land as set out above may lodge such objection together with the grounds thereof, with the City of Windhoek and with the applicant (Plan Africa Consulting CC) in writing within 14 days of the last publication of this notice (final date for objections is 7 February 2023). PLAN AFRICA CONSULTING CCTOWN and Regional Planners Box 4114 8 Delius Street Windhoek(West) Tel: (061) 212096 Cell: 0812716189 Fax: (061)213051 Email:pafrica@ mweb.com.na DM0202200407426

035

Regskennisgewings Legal Notices

REZONING NOTICE DUNAMIS CONSULTING TOWN, REGIONAL PLANNERS AND DEVELOPERS on behalf of the owner of Erf 3740 Pavlov Street No. 7, Windhoek intends to apply to the Municipal Council of Windhoek for the following: * Rezoning of Erf 3740 Pavlov Street No. 7, Windhoek from “Residential” with a density of 1:700 to “Hospitality” for8 and more leasable rooms; * Consent Use for a Restaurant and Bar area; * Consent Use for the existing Dental Practice Room; and * Consent for Events, Functions and Conference Facility. Erf 3740 is located in Pavlov Street No. 7. The Erf is currently zoned “Residential” with a density of 1:700 and measures 893m². It is proposed that Erf 3740 Windhoek be rezoned from “Residential” with a density of 1:700 to “Hospitality”. The new zoning of “Hospitality” will allow the owner of the property to bring the current accommodation establishment activities in line with the Windhoek Zoning Scheme and continue operating the existing Guesthouse Establishment comprising 8 leasable rooms with all related supporting facilities of including a Restaurant; Bar Area, Events, Functions and Conference Facility. On-site parking as required in terms of the Windhoek Zoning Scheme will is provided. Further, take note that the locality plan of the Erf can be inspected at the Windhoek Town Council Customer Care Centre Town Planning Notice Board, 80 Independence Avenue, Windhoek. Further take note that any person objecting to the proposed land use as set out above may lodge such objection together with the grounds thereof in Writing at the Windhoek Urban Planning Offices Room 518, 5th Floor, Town House Main Building within 14 days of the last publication of this notice (final date for objections is 05 February 2023). DUNAMIS CONSULTING TOWN, REGIONAL PLANNERS AND DEVELOPERS Cell: +264 855 512 173 Tel: +264 833 302 241 Email: [email protected] DM0202300407485

NOTICE OF SALE OF BUSINESS IN TERMS OF SECTION 34 OF THE INSOLVENCY ACT, 1936 (ACT NO. 24 OF 1936). Take notice that Wilhelmus Kempen Liebenberg on behalf of Klinkenberg Fuel Centre CC (the Seller) intends to alienate and dispose of his business of Klinkenberg Fuel Centre CC, a fully licensed refuelling station at the corner of Andimba Toivo ya Toivo & Mandume Ndemufayo Avenue, Windhoek (the business), as is and as a going concern, (excluding creditors, which remain the responsibility of the Seller), to PRECISION FUEL SERVICE CC (the Purchaser), 30 days after the date of publication of this notice, where after the Purchaser shall carry on the business for its own account at the aforesaid premises, and this publication shall serve as due notice having been given in terms of Section 34of the Insolvency Act, 1936 (Act No. 24 of 1936). BRUYNS LEGAL PRACTITIONERS 2ND FLOOR, 37 SCHANZEN ROAD, WINDHOEK PO BOX 97997, MAERUA MALL, WINDHOEK E-MAIL: [email protected] DM0202300407526

035

Regskennisgewings Legal Notices

PERMANENT CLOSURE AND REZONING NOTICE: OUTAPI: PERMANENTCLOSURE OF ERF 1970, OUTAPI EXTENSION 9, MEASURING 8,577±m2 AS A “PUBLICOPEN SPACE” AND SUBSEQUENT REZONING TO “INSTITUTIONAL” TO ENABLEOUTAPI TOWN COUNCIL TO SELL THIS ERF TO MELROSE COLLEGE ACADEMY TO DEVELOP THECOLLEGE CAMPUS. Take notice that TOYA Urban Planning Consultants cc intends applying to Outapi Town Council in terms of Section 50(3)(a) (ii) and Section 50(3)(a)(iv) of the Local Authorities Act,1992 (Act No. 23 of 1992), as well as to Urban and Regional Planning Board (URPB) in terms of Section 105(1)(a) for a proposal to permanently close Erf 1970, measuring8,577±m2 in extent Outapi Extension 9 as a “Public Open Space” and subsequent Rezoning to “Institutional”. The purpose of the closure and rezoning is to enable Outapi Town Council to sell Erf 1970, Outapi Extension 9 to “Melrose College Academy cc” to develop its educational campus in the town of Outapi. The full application and proposal plans for the above erven lies for inspection during normal office hours on the town planning notice board of the Outapi Town Council Office situated along the Outapi - Tsandi Main Road. Further take note that any person objecting against the proposed permanent closure of these portions may lodge written objections together with the grounds thereof, with the Chief Executive Officer of Outapi Town Council: P.O.Box, 853, Outapi or with the Applicant: TOYA Urban Planning Consultants, P.O. Box 99294, Windhoek, Contact: Mr. Simon Shinguto at 081 3099839 or Mr. Tobias Pendapala Newaya at 0811243321/email: [email protected] |[email protected]. CLOSING DATE FOR OBEJCTIONS: MONDAY, 13 FEBRUARY 2023. DM0202300407516

035

Regskennisgewings Legal Notices

NOTICE Take notice that PLAN AFRICA CONSULTING CC,TOWN AND REGIONAL PLANNERS, on behalf of the owners (still the Government of Namibia but to be transferred to the Namibia Students Financial Assistance Fund, NSFAF) of the respective erf, intends to apply to the City of Windhoek for: · CONSENT TOUSE ERF 746 (A PORTION OF ERF 435) EROSPARK CORNER OF EROS ROAD AND AMETHYST STREET, FOR THE PURPOSE OF A BUSINESS BUILDING IN THE FORM OF A GYMNASIUM, A COFFEE SHOP RESTRICTED TO A FLOOR AREA AS DETERMINED BY COUNCIL AND RELATED FACILITIES. Erf746 Eros Park is 1.5ha in extent and zoned institutional. Primary uses constitute places of instruction, social halls and places of worship. The consent would allow the operation of the existing gymnasium and coffee shop in the existing NSFAF building. Further take notice that the locality plan of the erf lies for inspection on the town planning notice board at the City of Windhoek and at Plan Africa Consulting CC, No 8 Delius Street, Windhoek West. Further take notice that any person objecting to the proposed use of the land as set out above may lodge such objection together with the grounds thereof, with the City of Windhoek and with the applicant (Plan Africa Consulting CC) in writing within 14 days of the last publication of this notice (final date for objections is 7 February 2023). PLAN AFRICA CONSULTING CCTOWN and Regional Planners Box 4114 8 Delius Street Windhoek(West) Tel: (061) 212096 Cell: 0812716189 Fax: (061)213051 Email:pafrica@ mweb.com.na DM0202200407427

In herinnering aan Daan Strauss * 06-06-1959 † 10-1-2023

IN DIE OUDERDOM VAN 63 JAAR Inwoner van Windhoek

ROUDIENS: WOENSDAG, 18 JANUARIE 2023 OM 10H00 VANUIT DIE NG KERK, ACADEMIA Hy word oorleef deur sy vrou, 3 kinders, 1 kleinkind, 2 broers, familie en vriende.

Tuesday, 17 January 2023 Centre Tal Street (Windhoek) 07:00-18:00 Channel Life Centre Post Street Mall (Windhoek) 08:30-16:00 Brilliant Star Diamond Namibia (Windhoek) 09:00-15:30 Namwater (Windhoek) 09:00-15:30 Ondangwa Centre (Gwashamba Mall) 10:00-18:00 Walvis Bay Town (Behind Welwitschia Medi-park) 10:00-18:00

035

Regskennisgewings Legal Notices

IN THE  High Court of Namibia Main Division – Windhoek Case No: HC-MD-CIV-ACTCON-2022/02188 In the matter between: FIRST NATIONAL BANK OF NAMIBIA LTD, Plaintiff and PETRUS NALIKONDJELWE SHIMHANDA, First Defendant MATRIDE SHIMHANDA, Second Defendant NOTICE OF SALE IN EXECUTION In execution of a Judgement of the above Honourable Court in the above action, a sale without reserve will be held by the Deputy Sheriff, Swakopmund, at ERF 2401 (A PORTION OF ERF 1824), MANDUME YANDEMUFAYO STREET, MONDESA, SWAKOPMUND, on 26 JANUARY 2023, at 10h00, of the undermentioned property: CERTAIN: Erf 2401 (a Portion of Erf 1824), Mondesa SITUATED: In the Municipality of Swakopmund (Registration Division “G”) MEASURING: 220 Square metres IMPROVEMENTS: Two bedroom dwelling with lounge, kitchen, bathroom, shower and WC TERMS 10% of the purchase price and the auctioneers’ commission must be paid on the date of the sale. The further terms and conditions of the sale will be read prior to the auction and lie for inspection at the office of the Deputy Sheriff, Swakopmund and at the offices of the execution creditor’s attorneys. Dated at Windhoek this 20th day of October 2022. DR WEDER KAUTA & HOVEKA INC Legal Practitioner for Plaintiff WHK House Jan Jonker Road WINDHOEK REF: MAT77631/CP/av DM0202300407523

NOTICE OF APPLICATION TO A COMMITTEE IN TERMS OF THE LIQUOR ACT, 1998 (Regulations 14, 26 & 33) Notice is given that an application in terms of the Liquor Act, 1998,particulars of which appear below, will be made to the Regional Liquor Licensing Committee, OSHANA 1. Name and postal address of applicant: SHOPRITE NAMIBIA (PTY) LIMITED, P O BOX 11307, WINDHOEK 2. Name of business or proposed business to which application relates SHOPRITE OSHAKATI LIQUORSHOP 3. Address/location of premises to which application relates ERF 1594,EXTENSION 7, TOWNSHIP 880, SHOP NO. 014, OSHAKATI, REPUBLIC OF NAMIBIA 4. Nature and details of application: APPLICATION FOR GRANT OF A BOTTLE STORE LIQUOR LICENCE 5. Clerk of the Court with whom application will be lodged CLERK OF THE COURT OSHAKATI 6. Date on which application will be lodged 31 JANUARY 2023 7. Date of meeting of Committee at which application will be heard 08 MARCH 2023 Any objection or written submission in terms of Section 28 of the Act in relation to the application must be sent or delivered to the Secretary of the Committee to reach the Secretary not less than 21 days before the date of the meeting of the Committee at which the application will be heard. IT/sg/80809 (MAT 10043)

035

7

Market Watch

3tuesday 17 january 2023

Regskennisgewings Legal Notices

THREE STOREY DWELLING UNIT Take Notice that the Owner Mr. S Simpungwe P.O Box 96395 Windhoek intends to apply to the Windhoek Municipal Council for the erection of a three storey residential building on Erf 749 Kleine Kuppe , No 55 Henties Street .Erf 749 ids zoned Residential with a density of 1:900m2 The proposed developments will enable the owner to erect a three storey residential building The owners current intentions are to erect and use the building solely for residential purposes Further take notice that the plan of the erf lies for inspection with the town planning counter in the Customer care centre ,main Municipal Offices ,rev Michael Scott Street ,Windhoek Further take notice that any person objecting to the proposed building as setout above may lodge such objections together with the grounds thereof ,with the City in writing within 14 days of the last publications of this notice (final date of objections is 03 February 2023)

• ROOI • BLOU • GROEN • ORANJE

Sponsored by Old Mutual

ORION NAMIBIA PENSION AND PROVIDENT FUNDS The Management Board of the Orion Namibia Pension and Provident Funds hereby appeal to the family and friends of the following persons, who are able to confirm/provide the information listed below, to contact Kaarina Nambinga (061 299 3259) or Maika Hugo (061 299 3999) at Old Mutual Corporate: 1. 2. 3.

Who are the deceased’s children? Who are the people taking care of these children? Was the deceased taking care of any other persons?

Please note that any statements made must be supported by the appropriate proof of such statement. EMPLOYER

NAME OF DECEASED

DATE OF BIRTH

DATE OF DEATH

Arrebusch Travel Lodge

S Kalopa

26/08/1962

15/09/2022

Ashlee Distributors CC

TH Kandjimi

14/04/1967

21/04/2022

Bokomo Namibia (Pty) Ltd

MME Uiras

25/02/1973

07/09/2022

Bushlore Tourism Namibia (Pty) Ltd

R Petrus

10/11/1985

03/08/2022

Kavango OK Foods

AC Augustinus

06/06/1991

02/08/2022

Kavango OK Foods

NJ Ngenzi

07/01/1995

30/08/2022

Novanam Group Ltd

P Angula

08/08/1980

10/07/2022

Project Hope Namibia

HNN Albin

10/07/1986

08/10/2021

QKR Namibia Navachab Gold Mine (Pty) Ltd

ITO Shixwanda

04/07/1987

26/06/2022

QKR Namibia Navachab Gold Mine (Pty) Ltd

E Shaanika

02/04/1975

11/12/2021

Seawork Fish Processors (Pty) Ltd

JE Nghishiiko

24/03/1992

10/08/2022

Seawork Fish Processors (Pty) Ltd

MM Lilungwe

11/03/1981

12/10/2022

Seawork Fish Processors (Pty) Ltd

SM Stoffel

23/06/1999

10/11/2022

Seawork Fish Processors (Pty) Ltd

DS Moses

18/08/1984

27/09/2022

Seawork Fish Processors (Pty) Ltd

A Mwila

18/10/1984

24/09/2022

Sefalana Cash & Carry (Namibia) (Pty) Ltd

FS Ndozi

06/07/1969

02/07/2022

Swapo Party

SK Mboti

19/09/1970

16/07/2022

United Africa Namibia (Pty) Ltd

N Petrus

14/05/1983

19/01/2022

Die opwindende nuwe manier om jou kleinadvertensie bo die ander te laat uitstaan, teen net N$5.00 meer word die opskrif in KLEUR gedruk!

Market Watch

AVIS SALES AVIS CAR CAR SALES

LIFE IS TOOMISS SHORT TO DRIVE BORING CARS DON’T OUT ON THIS DEAL! Hurrywhile while stock stock last Hurry last

Help for relatives of Alcoholics AL-ANON Family groups offer help for friends and relatives of alcoholics. They provide assistance for people who live with alcoholics. Mail: [email protected] [email protected] Cell: 081 256 6229

DM0202300407520

NOTICE OF APPLICATION TO A COMMITTEE IN TERMS OF THE LIQUOR ACT, 1998 (Regulations 14, 26 & 33) Notice is given that an application in terms of the Liquor Act, 1998,particulars of which appear below, will be made to the Regional Liquor Licensing Committee, district of Mariental. 1. Name and postal address of applicant: Susanna Wilhelmina van der Westhuizen 2. Name of business or proposed business to which application relates: Phillipus J. van Wyk 3. Address/location of premises to which application relates: Erf No. 23 Gochas 4. Nature and details of application: Liquor License for Gochas Retailers t/a OK Grocer 5. Clerk of the court with whom application will be lodged: Mariental 6. Date on which application will be lodged: 16 January 2023 Any objection or written submission in terms of section 28 of the Act in relation to the application must be sent or delivered to the Secretary of the Committee to reach the Secretary not less than 21 days before the date of the meeting of the Committee at which the application will be heard. DM0202300407527

2021 Polo Vivo 1.4 Trendline 5 door LOW MILAGE Bluetooth/USB/Air Con, Limited stock

2022 Toyota Corolla 1.8 Quest A/T

2022 Volkswagen 1.4 Polo Vivo 2022 Toyota Corolla 1.8 Trendline Quest Manuel Low Mileage N$289 000 N$269 000 Great finance deals | 10% deposit | 72 months | 7.5% Manual

N$ 198 000

interest rate | Instalment – 3250 EXCLUDING INSURANCE

N$220 000 T&C’s apply

WINDHOEK - AVIATION ROAD (next to Safari Hotel)

YOU CAN FIND US ON NAM AUTO

Venue: cnr Lüderitz and Kasino Streets DAte AnD tiMe: Thursdays at 19H00

8

Market Watch

LOSING CONTROL?

TUESDAY 17 JANUARY 2023

VACANCY

VACANCIES

Swakop Uranium, a Namibian world class uranium mining company, invites people who are self-motivated, energetic and wish to work in a High Performance Culturemining environment, to apply for the following role: Swakop Uranium, a Namibian world class uranium company, invites people who are

self-motivated, energetic and wish to work in a High Performance Culture environment, to apply for the following roles:

Artisan: Hydraulic Fitter Senior Officer: Biodiversity & Land Use Deputy HOD: MRM VACANCY Metallurgist

Please upload your CV and other relevant documents to https://swakopuranium.jb.skillsmapafrica.com/ or scan the QR code and then apply before the closing date as indicated on the portal. Previously disadvantaged Namibians are encouraged to apply.

Swakop Uranium, Namibian world class uranium mining company, invites people whoand are self-motivated, NB: Please note thataall relevant qualifications (Namibian qualifications included) must be recently certified verified by the Institution where it was obtained or NQA. For more information regarding evaluation of qualifications, visit following www.namqa.org energetic and wish to work in aCV High Performance Culturedocuments environment, for the role: Please upload your and other relevant toto applyplease

https://swakopuranium.mcidirecthire.com/external/currentopportunities or scan the QR code and then apply before the closing date as indicated on the portal. Namibian citizens from designated groups are encouraged to apply.

Artisan: Hydraulic Fitter

ALCOHOLICS ANONYMOUS NAMIBIA

NB: Please note that all relevant qualifications (Namibian qualifications Please upload your CV and other relevant documents to https://swakopuranium.jb.skillsmapafrica.com/ or scan the QR code included) must betherecently by the Institution where and then apply before closing datecertified as indicated and on the verified portal. Previously disadvantaged Namibians are encouraged to apply. it was or qualifications the NQA.(Namibian For more information regarding NB: Please noteobtained that all relevant qualifications included) must be recently certified and verified by the Institution where it was obtained or NQA. For more information regarding evaluation of qualifications, please visit www.namqa.org evaluation of qualifications, please visit www.namqa.org

ROLLE WIT TE SKOON KOERANTPAPIER VIR KOOP VELE GEBRUIKE

If you want to drink, that’s your business. If you want to stop, that’s ours.

•PANEELKLOPPERS •NYWERHEDE •RESTAURANTE •SKOLE •VERPAKKINGSMATERIAAL per kg

Windhoek: 081 325 6144 Swakopmund: 081 243 2649

Prys op aanvraag

SKAKEL AGNES: 330 500 OF CHANTEL: 330 502 2 - 4 EIDERSTRAAT, LAFRENZ INDUSTRIEEL

E-MAIL:

[email protected]

Bids are herewith invited through Open National Bidding (ONB) procedures for provision of the following services: A. NCS/ONB/SSC-05/2022: B. NCS/ONB/SSC-06/2022: C. NCS/ONB/SSC-07/2022: D. NCS/ONB/SSC-08/2022: E. NCS/ONB/SSC-09/2022

1) 2) 3)

The Provision of Security Services (Guarding, Fidelity and Alarm Monitoring) to the Social Security Commission’s Khomasdal, Nampa, Erf 1372 Hosea Kutako Drive and Gobabis Offices for a period of three (3) years. The Provision of Security Services (Guarding, Fidelity and Alarm Monitoring) to the Social Security Commission’s Keetmanshoop, Lüderitz and Mariental Offices for a period of three (3) years. The Provision of Security Services (Guarding, Fidelity and Alarm Monitoring) to the Social Security Commission’s Oshakati, Eenhana and Outapi Offices for a Period of three (3) Years. The Provision of Security Services (Guarding, Fidelity and Alarm Monitoring) to the Social Security Commission’s Rundu, Grootfontein and Katima Mulilo Offices for a period of three (3) years. The Provision of Security Services (Guarding, Fidelity and Alarm Monitoring) to the Social Security Commission’s Otjiwarongo and Walvis Bay Offices for a period of Three (3) years.

Interested bidders may obtain a complete set of Bidding Documents in English from the Cashiers at the SSC Head Office (See address below). The bidding documents are available as from 23 December 2022 at 11:00 Bidding documents will only be availed upon payment of a non-refundable fee of N$300.00 (Three Hundred Namibia Dollars) per bidding document. The method of payment is Cash or Electronic Funds Transfer (EFT) or Direct Bank Deposit to the following bank account:

Bank: Bank Windhoek Branch: Windhoek Branch Code: 481-972

Account No.: 1084465201 Account Type: Current Reference number: Social Security Registration Number

4)

Interested eligible bidders may obtain further information at: [email protected]

5)

Bids, (original and copies) clearly marked with the bidder’s name, bid reference number and description must be placed in a sealed envelope and deposited into the Bid Box located at the entrance foyer at the Security Desk, Social Security House on or before the closing date of Wednesday, 08 February 2023 at 14h30. Electronic bidding will not be permitted, and late bids will be rejected.

6)

Bids will be opened in the presence of bidders or their representatives who choose to attend in person at Social Security House Corner. A. Kloppers & J. Haupt Streets, Khomasdal, Windhoek.