Month In Review IMG_3264

Published on September 22nd, 2015 | by admin

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Month In Review -August 2015

BUSINESS
• NAMIBIA WILL BECOME THE FIRST AFRICAN COUNTRY TO EXPORT BONE-IN BEEF TO CHIN Aafter the two countries signed a protocol in Beijing, China. Namibia currently exports beef to South Africa, the EU, and Norway.

• SOME 160 EMPLOYEES LOST THEIR JOBS WHEN LAURELTON REIGN DIAMONDS JOINT VENTURE CLOSED its
cutting and polishing factory in Katutura.

• NAMIBIA’S DIAMOND OUTPUT SLUMPED BY 15 PERCENT TO US$1.16 BILLION IN 2014 even though volume
grew 14 percent to 1,917 million carats. The mean price of the precious stones in Namibia fell 25 percent to US$602.57 per carat.

• LANGER HEINRICH MINE in the Erongo region produced just over 5 million pounds of uranium oxide for the year ended June 30
2015, down 13 percent from 2014.

• BIDVEST NAMIBIA’S revenues and trading profit declined in the financial year ending June 30 due to lower revenues from
its fishing and food and distribution units. Revenue declined by 4.6 percent to N$3.5 billion. A trading profit of N$415.6 million
was achieved, a declineof N$85.7 million (17.1  percent).

• STANDARD NAMIBIA BANK ACHIEVED A N$235 MILLION PROFIT after tax for the six months
ended June 30.

• EXPANSIONS TO WERNHIL PARK aim to make the shopping venue in Windhoek the biggest retail mall in Namibia by the end
of 2017.

• THE EMPLOYMENT EQUITY COMMISSION reported that white Namibians occupy over 61 percent of executive director
posts in the country.

• AIR NAMIBIA told acting managing director Rene Gsponer that his services were no longer required.
Gsponer’s contract comes to an end in November. Mandi Samson was named as the new Acting MD of Air
Namibia.

• FLYAFRICA NAMIBIA, a joint venture between Namibian-based Nomad Aviation and Mauritiusbased
FlyAfrica Ltd, proceeded with plans to start flying the Windhoek to Johannesburg route despite objections from Air
Namibia.

• INDUSTRIAL ACTION AT THE SKORPION ZINC CAME TO AN END when the Mineworkers Union of Namibia agreed a new
deal on payments for 12- hour shifts. The company estimated that the monthlong dispute cost it N$26 million.

• KRAATZ MARINE, A SUBSIDIARY OF THE OHLTHAVER & LIST GROUP, SIGNED AN AGREEMENT WITH
THE MINISTRY OF DEFENCE’S August 26 Holdings for the future development of Windhoeker MaschinenFabrik (WMF).

• THE RECEIVER OF REVENUE SUCCEEDED IN FREEZING TRANSNAMIB’S BANK ACCOUNTS due to an
unpaid bill of N$24 million for value added tax.

• Petroleum Commissioner IMMANUEL MULUNGA was appointed as the new Managing Director of the
NATIONAL PETROLEUM CORPORATION OF NAMIBIA (Namcor) replacing Obeth Kandjoze who is now the Minister of
Mines and Energy.

• CABINET APPROVED the appointment of Bank of Namibia deputy director of banking, SAM SHIVUTE, AS THE NEW
CHAIRPERSON OF THE troubled NATIONAL HOUSING ENTERPRISE.

ECONOMY

The Namibia Statistics Agency reported that the annual INFLATION RATE FOR JULY 2015 ROSE TO 3.3 PERCENT from 3 percent in June.

The Bank of Namibia’s Monetary Policy Committee decided to maintain the REPO RATE AT 6.50 PERCENT. In June the Bank raised the rate by 0.25 percent to 6.50 percent.

FINANCE COMPANY PSG NAMIBIA SAID further INTEREST RATE INCREASES are likely in the short-term due to the tight monetary situation in South Africa, Namibia’s biggest trading partner.

ABOUT 22,700 JOBS WERE CREATED IN 2014 compared to the 19,500 in 2013, according to the Fourth
National Development Plan bi-annual progress report.

POLITICS

• The founding president of the Rally for Democracy and Progress (RDP), HIDIPO HAMUTENYA, REJOINED SWAPO.

• FOUR SWAPO YOUTH LEAGUE LEADERS WHO WERE EXPELLED FROM THE PARTY IN JULY lodged a case against
the ruling party in the High Court. Elijah Ngurare, Job Amupanda, George Kambala and Dimbulukeni Nauyoma were suspended over
their support for the occupation of urban land.

• HEROES DAY WAS MARKED BY THE REBURIAL OF FORMER DEFENCE MINISTER PETER MWESHIHANGE, preindependence
Swapo activist Anton Lubowski, and former Swapo Secretary General Moses Garoeb at Heroes Acre. Lubowski’s reburial was only ceremonial as his remains reportedly could not be located.

• NINE PEOPLE, AMONG THEM FORMER SOUTH AFRICAN FIRST LADY WINNIE MADIKIZELA-MANDELA AND
LANDS MINISTER UTONI NUJOMA, WERE HONOURED ON HEROES DAY for their roles in the liberation struggle.

• LAND CLEARING STARTED IN WINDHOEK, WALVIS BAY AND OSHAKATI AFTER GOVERNMENT AGREED
THAT 200,000 PLOTS COUNTRYWIDE would be prepared for the building of houses as part of its deal with the Affirmative
Repositioning movement.

• MINISTER OF FINANCE CALLE SCHLETTWEIN SAID GOVERNMENT HAD N$970 MILLION AVAILABLE FOR
THE SERVICING OF URBAN LAND THIS YEAR.

• The Swapo Party Youth League named Veikko Nekundi as its acting secretary and Neville Itope as its spokesperson following the
expulsion of Elijah Ngurare and Job Amupanda. The appointments were disputed by other members of the SPYL.

• AN OFFICIAL INQUEST FOUND THAT FRIEDA NDATIPO, who was shot during a clash between police officers and protesting
‘children of the liberation struggle’, was killed by an unknown person.

• FRANZINE GHAUZ WAS SWORN IN AS A MEMBER OF THE NATIONAL COUNCIL REPLACING NDAPEWA
NAMBILI, who died in June this year. Ghauz, the Tsumkwe constituency councillor, will represent the Otjozondjupa region.

• THE DTA EXPELLED ITS SECRETARY GENERAL VINCENT KANYETU and regional coordinators Boniface Kashera and
Reinhilde Kudumo over allegations they were involved in selling the party’s property in Rundu.

• EXPELLED WORKERS REVOLUTIONARY PARTY LEADER WILLEM BEUKES JOINED THE REPUBLICAN PARTY. Beukes
was kicked out on the grounds that he belonged to the Communist Party and not the WRP.

• DEPUTY PRIME MINISTER NETUMBO NANDI-NDAITWAH SAID THAT OVER 500,000 PEOPLE WOULD RECEIVE
FOOD AID as government stepped up its response to the prevailing drought.

• PLANS FOR A NEW GOVERNMENT OFFICE PARK IN WINDHOEK worth close to N$1 billion were CONFIRMED BY
THE MINISTRY OF WORKS.

• CABINET APPROVED A PLAN TO TIGHTEN ANTITERRORISM LEGISLATION in order to combat money laundering
and the financing of terrorism.

SOCIETY AND SPORT

• LI ZHIBING, A CHINESE NATIONAL ACCUSED OF trying to SMUGGLE 14 RHINO HORNS out of Namibia last
year, admitted guilt in court.

• A NAMIBIAN AIR AMBULANCE CRASHED NEAR CAPE TOWN, South Africa, killing all five people on board -
three Namibians and two South Africans.

• SIX PEOPLE BURNED TO DEATH IN A THREECAR PILE-UP ON THE B1 ROAD BETWEEN
OTJIWARONGO AND OKAHANDJA. Over 300 people have died on the country’s roads since the start of 2015.

• A FINNISH NATIONAL, RONNI MARCO KRISTIAN UOLEVI (42), was murdered in an alleged road rage incident
outside a bar in WIndhoek. Rodney Shaningwa (43) was arrested in connection with the murder.

• A FORMER DEPUTY MINISTER OF HEALTH AND NATIONAL COUNCILLOR, ZEDEKIA MUJORO, DIED
of pneumonia at the age of 64.

• THREE BURUNDIAN REFUGEES were TURNED AWAY BY NAMIBIAN IMMIGRATION OFFICERS at a border
post in the Zambezi region and sent back to be arrested in Zambia as illegal immigrants. It is believed the men were fleeing political unrest in their home country.

• THE POLICE SAID 48 PEOPLE HAD BEEN ARRESTED IN CONNECTION WITH RHINO POACHING SINCE
JUNE THIS YEAR. Most were arrested in farming areas surrounding the Etosha National Park and villages in the Omusati
Region.

• THE CONTROVERSIAL OLUFUKO CULTURAL FESTIVAL TOOK PLACE AT OUTAPI in the Omusati region
with over a hundred young girls initiated into adulthood

• STEFFI VAN WYK WAS CROWNED MISS NAMIBIA 2015 at a beauty pageant held at the Windhoek Country Club
Resort.

• JACQUES BURGER, WHO PLAYS AS A FLANKER FOR UK TEAM SARACENS, WAS NAMED AS
CAPTAIN OF NAMIBIA’S SQUAD AT THE RUGBY WORLD CUP. Namibia completed their preparations for
the World Cup by thrashing Zimbabwe 80-6 in the final of the Windhoek Draught African Cup.

Compiled from a variety of local and international news reports


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