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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