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THE NAMIBIAN Wednesday 5 July 2017<br />

13<br />

WORK ... Myanmar<br />

migrant workers sort<br />

shrimp at a wholesale<br />

market for shrimp and<br />

other seafood in Mahachai,<br />

in Samut Sakhon<br />

province, Thailand on<br />

4 July.<br />

Nampa-Reuters<br />

NCCI wants state-of-the-art<br />

mall in Katutura<br />

Exchange Rate BID ASK<br />

USD/NAD 13.2585 13.2661<br />

EUR/NAD 15.0401 15.0509<br />

GBP/NAD 17.1361 17.1597<br />

EUR/USD 1.1344 1.1345<br />

NAD/AUD 0.0992 0.0992<br />

NAD/CNY 0.5128 0.5132<br />

NAD/CAD 0.0979 0.0979<br />

BONDS<br />

GC18 8.731%<br />

GC21 9.169%<br />

GC24 10.231%<br />

GC27 10.099%<br />

EUROBOND<br />

SA BONDS<br />

R 204 7.521%<br />

R 208 7.763%<br />

R 186 8.782%<br />

REPNAM 29/10/2025 4.824%<br />

REPNAM 03/11/2021 3.470%<br />

SA INDICES % YTD<br />

ALL SHARE 52,100.32 -0.12%<br />

FINANCIAL 14,650.12 0.63%<br />

RESOURCE 31,169.82 0.79%<br />

INDUSTRIAL 78,392.27 -0.78%<br />

EMERGING MKTS 1014.241 0.34%<br />

ECONOMIC INDICATORS<br />

NAMIBIA DATE SA DATE<br />

CPI 6.30% May-17 5.40% May-17<br />

PSCE 8.10% Apr-17 6.69% May-17<br />

M2/M3 3.50% Apr-17 5.98% May-17<br />

COMMODITIES % YTD<br />

GOLD 1,225.28 0.42%<br />

PLATINUM 912.17 0.70%<br />

SILVER 16.14 0.02%<br />

BRENT 49.49 -0.38%<br />

EQUITY INDICES % YTD<br />

DAX 12,441.71 -0.27%<br />

DOW JONES 21,479.27 0.61%<br />

NIKKEI 20,032.35 -0.12%<br />

FTSE 100 7,371.00 -0.08%<br />

MONEY MARKET NAMIBIA SA<br />

PRIME 10.75% 10.50%<br />

BANK RATE 7.00% 7.00%<br />

TREASURY BILLS<br />

3m 7.74% 7.58%<br />

6M 8.14% 7.47%<br />

9M 8.29% 7.50%<br />

12m 8.61% 7.51%<br />

News Briefs<br />

Commodities<br />

WIBAR<br />

04 July 2017<br />

O/N<br />

6.303%<br />

3M<br />

7.706%<br />

• NDAMA NAKASHOLE<br />

THE Namibia Chamber of Commerce and<br />

Industry wants a state-of-the-art mall in<br />

Windhoek’s Katutura area.<br />

This is one of the projects the chamber<br />

requested the city to undertake in their<br />

2017/18 budget.<br />

In a letter addressed to the city’s chief<br />

executive officer Robert Kahimise and<br />

titled “Contributions towards the City of<br />

Windhoek’s budget for the 2017/18 financial<br />

year”, the NCCI’s chief executive officer<br />

Tarah Shaanika said townships in Windhoek<br />

are only afforded small low-level shopping<br />

malls with no attraction whatsoever, “and<br />

only have the traditional shops with no new<br />

innovative ideas to a shopping pleasure for<br />

the inhabitants of the township.”<br />

“This is a great capital project that can<br />

employ hundreds of Namibians, and retain<br />

another few hundred through employment<br />

after completion and commencement of<br />

business,” he said.<br />

Shaanika added that it is known that the<br />

acquisition of business and residential land<br />

is a huge bone of contention.<br />

SME DEVELOPMENT BUDGET<br />

The chamber further demanded an SME<br />

development budget in the city’s planning.<br />

The introduction of this budget can be in<br />

the form of grants that would enable SMEs<br />

to grow.<br />

“Enterprise development programmes<br />

that we are currently implementing at the<br />

NCCI will be rolled out in townships and<br />

other areas to provide the much-needed assistance,”<br />

he noted.<br />

Shaanika said they would roll this out to<br />

other towns should the City of Windhoek<br />

partner the NCCI.<br />

Tarah Shaanika<br />

“This type of partnership will afford SMEs<br />

the opportunity to grow through mentorship<br />

and training programmes. This type of grant<br />

can be as little as N$500 to buy raw materials<br />

to bake, cook or mend clothes,” he added.<br />

The chamber further demanded that the<br />

city expands the loading and offloading bays<br />

at taxi ranks.<br />

They would also like the city to consider<br />

establishing this at educational institutions,<br />

like the International University of Management.<br />

“The transport system should be expanded.<br />

It is very important to expand,” he said.<br />

The NCCI further suggested that the<br />

city’s budget should include provisions for<br />

water infrastructure development, human<br />

resources allocations to advance water<br />

management, and infrastructure to promote<br />

environmental preservation.<br />

Before Taking an Expat<br />

Assignment, Make Sure<br />

Your Family Is on Board<br />

Getting an expat assignment can be<br />

exciting, but it can also be hard on your<br />

family. Before accepting a temporary<br />

reassignment to another country, think<br />

it through with your partner or family.<br />

Be sure to frame the decision as a real<br />

choice –Should we go or stay? And<br />

consider the degree of change. If you<br />

live in Amsterdam, relocating to Brussels<br />

is very different from moving to<br />

Guangzhou, China. Then, go through<br />

the pros and cons of each alternative,<br />

laying out the full implications for your<br />

children or extended family, your career<br />

— and your partner’s — and your<br />

support networks. Try to anticipate and<br />

discuss how the change would affect<br />

family dynamics — e.g. shifting from<br />

a dual-career marriage to one where a<br />

spouse stays at home, or replacing a<br />

grandmother babysitter with a professional<br />

nanny. These discussions will<br />

not only shape your decision about the<br />

assignment, but also help set expectations<br />

and prevent resentment later on.<br />

* Adapted from “Making Your Expat<br />

Assignment Easier on Your Family,” by<br />

Katia Vlachos.<br />

Source: www.lme.com<br />

Oil prices fall ahead<br />

of US holiday<br />

SINGAPORE – Oil prices retreated in Asian<br />

trade yesterday, halting a run of eight straight<br />

days of gains on signs that a persistent rise in<br />

US crude production is running out of steam.<br />

Brent crude futures had fallen 28 cents, or<br />

0,6%, to US$49,40 per barrel by 0547 GMT.<br />

US West Texas Intermediate (WTI) crude<br />

futures were trading down 23 cents, or 0,5%,<br />

at US$46,84 a barrel. –Nampa-Reuters

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