DOCSLIB.ORG

2013 Bank Windhoek Holdings Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2013 Bank Windhoek Holdings Annual Report 15 mm bleed allowed 1 Index Group profile 2 Summary of key performance indicators 6 Board of directors 8 Chairman’s statement 10 Managing Director’s report 14 Risk and compliance report 21 Group annual financial statements 31 Glossary of terms 132 Notice of AGM and proxy form 133 2 BANK WINDHOEK HOLDINGS LIMITED | ANNUAL REPORT 2013 Group profile Bank Windhoek Holdings Limited (Bank Windhoek The group also played a leading role in a partial consoli- Holdings) was incorporated in Namibia on 5 September dation of the long-term insurance industry in Namibia 1996 as an investment holding company. The company with the merger of the interests of Sanlam Namibia was established by a merger agreement concluded Limited, Regent Life Namibia Limited and Capricorn Life in terms of the Building Societies Amendment Act. As Assurance Company Limited, retaining a strategic stake a consequence of the merger, the business of Namib of 29.5% in the holding company of the merged entity, Building Society and all its related assets and liabilities Sanlam Namibia Holdings (Pty) Limited. were transferred to Bank Windhoek. Bank Windhoek Holdings also acquired all the shares in Capricorn Life Overview of subsidiaries and associates of Bank Assurance Company Limited and Capricorn Insurance Windhoek Holdings Company Limited from Namib Building Society. In return, the former Namib Building Society shareholders As a result of these corporate activities, the Bank received a 3% shareholding in the newly registered Windhoek Holdings group today comprises of a number Bank Windhoek Holdings. of subsidiary companies and associates in the financial sector industry of Namibia. Bank Windhoek Holdings simultaneously acquired the entire issued share capital of Bank Windhoek, funded Bank Windhoek Holdings’ group structure is diagram- by the issue of shares to Amalgamated Banks of South matically depicted on page 3 and a brief overview of Africa Limited (’Absa’) (36.3%), Boland Bank PKS Limited Bank Windhoek Holdings subsidiaries and associates (7.2%) and Bank Windhoek Beherend Limited (53.3%). are presented below. Bank Windhoek Beherend Limited’s name was sub- sequently changed to Capricorn Investment Holdings Bank Windhoek Limited (’CIH’). The Boland Bank PKS Limited share- holding was later sold to Nam-mic Financial Services Holdings (Pty) Limited (Nam-mic) in terms of an em- The flagship brand of the Bank Windhoek Holdings powerment transaction. Following its takeover by group is Bank Windhoek, which is a wholly owned Barclays PLC, Absa disposed of its minority interest in subsidiary of Bank Windhoek Holdings. Bank Windhoek Holdings in 2006 with CIH acquiring the majority of the shares, increasing its shareholding in History and background of Bank Windhoek Bank Windhoek Holdings to 71.6%. CIH concluded a capital reduction exercise in 2013 in terms of which all Bank Windhoek was established in 1982, when a group CIH shareholders were given the opportunity to sell up of local businessmen, with a thorough knowledge of to 25,000 of their CIH shares back to CIH in exchange for the local market and faith and trust in the future of Bank Windhoek Holdings shares. This resulted in CIH’s Namibia, acted on a vision to create a Namibian bank by shareholding in Bank Windhoek Holdings decreasing acquiring the operations of Volkskas Bank in Namibia. from 71.6% to 62.8% with the minority shareholding The objective was to establish a bank controlled and in Bank Windhoek Holdings increasing. This holding managed in Namibia with a uniquely Namibian ethos decreased to 57.6% after the public offer of Bank and local insight. Bank Windhoek was built on the Windhoek Holdings shares. foundation of integrity, entrepreneurship, commitment, hard work, perseverance and dedication. In 1999 Bank Windhoek Holdings sold its interest in short-term insurer, Capricorn Insurance Company Limited Bank Windhoek started with capital and reserves of to Santam Namibia Limited and in the process acquired N$2.6 million, a total asset base of N$58 million, a staff a strategic interest of 28.0% in Santam Namibia. complement of approximately 60 employees and 8 small 3 Group structure as at 30 June 2013 Capricorn Investment Nam-mic Financial Services Other Shareholders Holdings Limited Holdings (Pty) Ltd 32.8% 57.6% 9.6% Bank Windhoek Holdings Limited 100% Welwitschia Nammic 100% Bank Windhoek Ltd 28% Insurance Brokers Santam Namibia Ltd (Pty) Ltd 100% 29.5% Sanlam Namibia Namib Bou (Pty) Ltd Holdings (Pty) Ltd 100% BW Finance (Pty) Ltd Capricorn Unit Trust 100% Management Company Limited 100% Bank Windhoek Properties (Pty) Ltd 100% Legend: Intellect Investments Namibia (Pty) Ltd As from 1 July 2013 100% Bank Windhoek Nominees (Pty) Ltd 4 BANK WINDHOEK HOLDINGS LIMITED | ANNUAL REPORT 2013 branches that made up the Volkskas Bank operations. to include insurance broking and subsequently ac- Bank Windhoek has, since its establishment, continued quired 100% of the shares in Welwitschia Nammic to show sound and sustained year-on-year growth Insurance Brokers. in a very competitive and regulated environment. Today, Bank Windhoek has established itself as one of the WNIB offers short-term insurance broking services leaders in the financial services industry in Namibia. for all types of corporate, commercial, SME, marine, aviation and personal lines insurance. WNIB is a truly Bank Windhoek has a wide distribution network of Namibian company with reputable experts in short-term 53 retail and specialist finance branches and agencies insurance. It has branches in Windhoek (Head Office countrywide. The bank also has a Corporate and and Aviation), Mariental, Aranos, Keetmanshoop, Executive Banking Division with offices in Windhoek, Gobabis, Otjiwarongo, Tsumeb, Oshakati, Walvis Bay Oshakati and Walvis Bay and offers foreign exchange and Swakopmund. services throughout its own branches and through a joint venture with American Express, which has various Namib Bou outlets in Namibia. Bank Windhoek has 90 ATMs and in addition, a total of 236 Bank Windhoek Cash Express Namib Bou is a property development company focusing ATMs installed at merchants across Namibia in partner- on affordable housing development. It was established ship with ATM Solutions Namibia. on 21 November 1990 as a subsidiary of Namib Building Society. With the merger of Bank Windhoek and the Bank Windhoek subsidiaries Namib Building Society in 1996, Namib Bou became part of Bank Windhoek Holdings. ! BW Finance is the vehicle through which the Bank Windhoek Holdings group does its micro Namib Bou acts as facilitator between the local author- lending business in partnership with Nam-mic. ities and financial institutions (commercial banks) to This smart partnership was established in 2002. ensure that sufficient housing stock is created over the Regulation dictates that this business be done long-term to assist with meeting the housing backlog through a separate legal entity. in Namibia. ! Bank Windhoek Properties owns the Bank Windhoek main building situated at 262 Independence Avenue, Bank Windhoek Holdings associates Windhoek. Bank Windhoek Holdings holds a 28.0% shareholding ! Bank Windhoek Nominees is a nominee company, in Santam Namibia and a 29.5% shareholding in acting as agent for third party principals to facilitate Sanlam Namibia Holdings; both leaders in their fields banking and investment transactions. of business. ! Intellect Investments Namibia is the owner of the Santam Namibia Bank Windhoek trademarks. Santam Namibia was established in 1956 and is a Welwitchia Nammic Insurance Brokers (WNIB) 60% owned subsidiary of Santam Limited, a leading short-term insurer in South Africa. The remaining WNIB is a short-term insurance broker with a national 40% is held by Bank Windhoek Holdings (28.0%) and footprint and a wholly owned subsidiary of Bank Nam-mic (12.0%). Windhoek Holdings. Santam Namibia is the largest short-term insurer WNIB was established in 1984. During 1997 Bank in Namibia with net assets totalling more than Windhoek Holdings decided to diversify its operations N$200 million, a countrywide contact centre infra- 5 structure, a strong intermediary network and a market the affluent and entry level market, group life assur- share exceeding 30%. Santam Namibia focuses on ance, credit life assurance, unit trust management and corporate, commercial and personal markets and the distribution of unit linked platform businesses. provides specialist underwriting through its under- writing managers in various insurance classes including Sanlam Namibia Holdings has key strategic shareholders liability, construction, engineering and marine. in Sanlam Limited (54.1%), a South African financial services group as technical partner, Bank Windhoek Sanlam Namibia Holdings Holdings (29.5%) as banking partner and Nam-mic (16.4%) as empowerment partner. Sanlam Namibia Holdings is a well-diversified financial services group with key operations in life assurance in 6 BANK WINDHOEK HOLDINGS LIMITED | ANNUAL REPORT 2013 Summary of key performance indicators Operating profit Total comprehensive income Net asset value1 N$648m N$516m N$2.6bn 25.9% 23.8% 20.7% Annual growth Annual growth Annual growth Return on equity1 Capital adequacy Earnings per share 23.7% 16.6% 108 cents 2009 2010 2011 2012 2013 4 year CAGR2 Statement of comprehensive income (N$'000) Total income 835,717 941,409 1,074,230 1,246,390 1,437,645 14.5% Operating profit 303,437 340,628 403,826 514,636 648,083 20.9% Profit after tax 229,013 281,447 328,510 402,611 493,271 21.1% Total comprehensive
Load more

Recommended publications
  • L'alliance Des Maires Et Responsables Municipaux Sur Le Vih
    L’ALLIANCE DES MAIRES ET RESPONSABLES MUNICIPAUX SUR LE VIH/SIDA EN AFRIQUE Vol. 1, Numéro 5, décembre 2001 ÉDITORIAL Lancement de la Branche de la Namibie de l’Alliance des Maires et Responsables Municipaux sur le VIH/SIDA en Afrique a République de Namibie est le d’Afrique du Sud, de l’Ouganda, du L 18ème pays à adhérer à l’Alliance Malawi, de Zambie, du Botswana, du avec le lancement spectaculaire de la Mozambique et du Swaziland, y ont Branche nationale de l’Alliance dans la pris part. M. Matheus Shikongo capitale, Windhoek, le 23 novembre La présidente de l’Association pour Maire de la ville de Windhoek, Namibie 2001. les Autorités Locales de Namibie Une foule considérable a assisté (Association for Local Authorities in aux cérémonies officielles qui se sont Namibia - ALAN), Dr Helen Nkandi- IL NOUS FAUT TRAVAILLER déroulées à Zoo Park et qui avaient Shiimi, a présenté la Déclaration de débuté avec une marche conduite par l’Association sur le VIH/SIDA. Cette ENSEMBLE l’orchestre des Forces nationales de Déclaration a été approuvée à Défense, le long de l’artère principale l’unanimité, par l’ensemble des maires La Namibie, comme tant d’autres pays de la sous- de la capitale. Les maires de 44 et responsables municipaux de région et dans le monde, doit faire face à la menace gran- communes de Namibie, auxquels Namibie, qui, tous, se sont engagés à dissante de la propagation du VIH/SIDA. s’étaient joints des participants venus commencer immédiatement à mettre • (suite p. 3) Dans de nombreux pays de l’Afrique subsaharienne, la progression de l’épidémie représente un danger crois- sant pour le développement.
    [Show full text]
  • Transitions in Namibia Which Changes for Whom?
    Transitions in Namibia Which Changes for Whom? Edited by Henning Melber NORDISKA AFRIKAINSTITUTET, UPPSALA 2007 Cover: The restored steam tractor outside the coastal town of Swakop- mund was made in Germany and brought to the country in 1896. It should replace ox wagons as a means of transport in the further colonization of Namibia’s interior. The 2.8 tons heavy machine in need of lots of water never managed it through the sands of the Namib desert. The local colonizers named it after the German reformer Martin Luther, who in 1521 had declared: “Here I stand – may God help me. I can not otherwise.” Today a national monument and put behind glass, Namibia’s “Martin Luther” remains an early symbol for the failure of grand visions. Indexing terms: Social change Economic change Cultural change Political development Liberation Decentralization Gender relations International relations Economic and social development Post-independence Namibia Cover photos: Henning Melber Language checking: Peter Colenbrander © The authors and Nordiska Afrikainstitutet 2007 ISBN 978-91-7106-582-7 Printed in Sweden by Elanders Gotab AB, Stockholm 2007 Table of Contents Preface ……………………………………………………………………………………………… 5 Henning Melber Transitions in Namibia – Namibia in transition An introductory overview ………………………………………………………… 7 Christopher Saunders History and the armed struggle From anti-colonial propaganda to ‘patriotic history’? ……… 13 Phanuel Kaapama Commercial land reforms in postcolonial Namibia What happened to liberation struggle rhetoric? ………………… 29 Herbert
    [Show full text]
  • 6 September 1990
    * TODAY: OMARURU WORKERS DOWN TOOLS * CRACKDOWN ON 'RED EYE' GANG * cases up by 178 per cent, one might· SA acts on expect a similar increa~e in condom . sales. But as business person Gerd . Vogel is discovering. Namibians seem . largely blind to,ihe threat of the killer Outjo three disease. Vogel, who works for EliInd Agercy JOHANNESBURG: A JohannesbUrg which is currently trying to sell con-. ~ .. ~Ulgistrate yesterday issued warrants dom-vending machines in Namibia, of arrest for three alleged right-win- . is amazed by' the general resistance gers with the view to deporting them he encounters. "People throw up their to Namibia on charges of killing a luUids in horror as though the very policeman and attackirig Untag forces mention of the word condom is an at Outjo prior to Namibian independ­ insult." he said. "Even some hotels ence. have objected to ~talling the ma­ A statem~nt issued by the Witwa­ chines. Not on any concrete or finan­ tersl'and Police public relations divi­ cial grounds but out of some·kind of sion said the warrants for Leonard moral outrage." Veenendal, Darryl Stopforth and Horst Vogeillas been trying for months Kleinz were aimed at starting depor­ to get people mterested in his con­ tation proceedings as soon as pos­ dom machines, but is now starting to sible. lose heart. Not even the goveillment "Should the court application be has responded positively, he said, successful. the three persons will be . despite being offered heavily reduced . deported to NaJUibia to stand trial "'. Tates ot ;2.0 per cent on the machines .
    [Show full text]
  • Join the Army and Steal the World
    YEARS No. 1397: 21 - 27 May 2021 ONLINE 24/7 FROM N$1 A DAY AT tenders24.com ACCLAIMED PROCUREMENT PUBLICATION OF RECORD AND TENDER TRANSPARENCY N$15.00 29 (incl. 15% VAT) 63 CLASSIFIED NEW PUBLIC TENDERS & RFQS INSIDE BUILDING MATERIALS - CONSTRUCTION & WORKS - ELECTRICAL - FOOD & CATERING - FINANCIAL - FISHING - FURNITURE & FITTINGS - ICT - INSURANCE - MANAGEMENT & CONSULTING - MEDICAL, LABORATORY & PHARMACEUTICAL - PRINTING & PUBLISHING - SCIENTIFIC - SECURITY - SIGNAGE - TERRAIN SERVICES - TRANSPORT & STORAGE - UNIFORMS BUILDING A BETTER NAMIBIA WITH NEWS THAT MEANS BUSINESS - VEHICLES, PLANT & ACCESSORIES - WASTE MANAGEMENT & CLEANING www.tenders24.com / [email protected] PLUS 90 DATE-INDEXED OPEN PUBLIC TENDERS BON RAISES ITS BORROWING TARGET AND FLOATS TWO NEW BONDS & TO RAISE AN EXTRA N$29.5-B TO PLUG BUDGET SHORTFALL - 9 WITH ONE MALFEASANCE SCANDAL AFTER ANOTHER, PRESSURE IS MOUNTING ON THE NAMIBIAN Join the army DEFENCE FORCE AND ITS ERRANT BUSINESS EMPIRE, AUGUST 26, TO OPEN THEIR BOOKS AFTER KEEPING THEM FROM PUBLIC SCRUTINY and steal the BEHIND A SMOKESCREEN OF ‘NATIONAL SECURITY' FOR YEARS - PAGES 2 & 3. world PICTURED IS ONE OF TWELVE F-7NM/TF FIGHTER JETS ACQUIRED BY THE NAMIBIAN DEFENCE FORCE THROUGH CHINA'S POLY TECHNOLOGIES (PHOTO BY MARK MANSFIELD WWW.PINTEREST.COM) REGISTERED AS A NEWSPAPER ISSN 1027-1813 / TEL: +264-(0)61-222899 / FAX: 239382 / PO BOX 861 WINDHOEK NAMIBIA TEL: +264-(0)61-222899 / FAX: ISSN 1027-1813 / NEWSPAPER A AS REGISTERED Market Namibia Market EDUCATION STILL FAILS THE GRADE DESPITE ENJOYING THE SECOND BIGGEST SHARE OF NAMIBIA’S NATIONAL BUDGET WITH OVER 25%, CENTRAL GOVERNMENT EXPENDITURE ON EDUCATION IS LESS THAN WHAT IT WAS TWO YEARS AGO, WITH INVESTMENT IN DEVELOPMENT PROJECTS MORE THAN HALVING AFTER A 4.45% DECREASE IN ITS ALLOCATION TO N$17.2-B IN 2021/22 – PAGE 2.
    [Show full text]
  • Independence 1990-2015
    Independence 1990-2015 On 22 March, I may wake up at 12h00 Africa has produced strong, effective and world-class leaders • 25 young Namibians to take to lunch • What happened to our dreams? • A young man called Untag speaks out • Hits and misses of education • Born on Independence Day • The rise and fall of fishing • Gerhard Mans, an eagle’s eye on rugby • FW de Klerk: I admire Namibia INSIDE CREDITS Physical address: Industria Street - Erf 189 Printing of newspapers, Lafrenz (Ext 1) Windhoek Namibia inserts and special supplements 25th Namibian Independence New, reliable, proven 1990-2015 print (Goss) machines with advanced technology Competitive pricing EDITOR Tangeni Amupadhi WINDHOEK OFFICE Phone: 061 279 600; Fax: 061 279 602 MAGAZINE COMPILED BY Christof Maletsky Address: John Meinert Street Personal client and SUB EDITING Cindy van Wyk & Natasha Uys P.O. Box 20783, Windhoek troubleshooting advice COVER The Namibian OsHAKATI OFFICE Phone: 065 220 246; Fax: 065 224 521 Experienced Children from Moria Grace Shelter in Katutura management COVER IMAGE Address: Metropolitan Building, Corner of Main Road and sta team celebrating independence. Photograph by Tanja Bause and Robert Mugabe Avenue Opposite the Magistrate’s Court High quality LAYOUT Caroline de Meersseman P.O. Box 31, Oshakati production and Dudley Minnie Oswald Shivute’s contact details: Tanya Turipamwe Stroh 081 241 2661; e-mail: [email protected] [email protected] Quick delivery Advertising in Oshakati: SALes Strategic Publications and Sales Departments 065 224
    [Show full text]
  • 2016 Bank Windhoek Holdings Integrated Annual Report
    CAPRICORN INVESTMENT GROUP LIMITED | INTEGRATED ANNUAL REPORT | 2016 Capricorn Investment Group Limited 6th Floor Capricorn Group Building Kasino Street Windhoek Namibia PO Box 15 Windhoek Namibia Telephone: +264 (61) 299 1301 Facsimile: +264 (61) 299 1309 www.capricorn.com.na [email protected] Produced by Group Marketing & Corporate Communication Services Telephone: +264 (61) 299 1226 [email protected] www.capricorn.com.na Layout and design Greymatter & Finch www.greymatterfinch.com Chapter 3 www.chapter3.co.za BANK WINDHOEK HOLDINGS BECOMING CAPRICORN INVESTMENT GROUP LIMITED 01 | WHY YOU SHOULD READ THIS INTEGRATED ANNUAL REPORT 02 | SCOPE AND BOUNDARY OF THIS REPORT 03 | HOW WE DO BUSINESS 04 | CHAIRMAN’S STATEMENT 05 | MANAGING DIRECTOR’S REPORT 06 | HOW WE GOVERN OUR BUSINESS Contents 07 | CONSOLIDATED ANNUAL FINANCIAL STATEMENTS 221 08 | GLOSSARY OF TERMS 222 09 | NOTICE OF AGM AND PROXY FORM INTEGRATED ANNUAL REPORT 2016 1 BANK WINDHOEK HOLDINGS BECOMING THE CAPRICORN INVESTMENT GROUP “Capricorn Group is a remarkable Namibian story about a successful business built on integrity, the spirit of entrepreneurship, relationships, and, above all, the commitment and hard work of our people. Our organisational culture is one that encourages exceptional performance, supported by a strong sense of responsible behaviour. As a group, we remain committed to the responsible economic growth of Namibia.” – Thinus Prinsloo, managing director of Capricorn Group This integrated report introduces the new supported by a purpose statement and values that Capricorn Investment Group Limited (Capricorn will set the direction for the group’s future strategy. Group) previously known as Bank Windhoek The new logo is featured on the front cover of Holdings Limited (BWH).
    [Show full text]
  • Producer Directory Metal Fabrication
    We in the metal fabrication sector are committed to making a meaningful contribution to the growth of the national economy thereby contributing to the country’s socio-economic development PAGE 2 PRODUCER DIRECTORY METAL FABRICATION Published by: The Namibian Association of Metal Fabrication (NAMF) Supported by: Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ), on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) Design and Layout by: FeathaGrafix Photography by: Shawn van Eeden, Creative Lab PAGE 3 Manufacturer and Distributor of: Ø STEEL WINDOWS Ø ALUMINIUM EXTRUSIONS Ø STEEL DOORFRAMES Ø GARAGE DOORS Ø CHAWL DOOR LEAVES Ø GARAGE DOOR MOTORS Ø ALUMINIUM WINDOWS Ø SHOWER DOORS Ø ALUMINIUM DOORS Ø HARDWARE WINDHOEK TEL: +264 61 275500 FAX: +264 61 261565 13 Ruhr Street, Northern Industrial Area SWAKOPMUND TEL: +264 64 463242 FAX: +264 64 463402 Unit 6, Ext. 10, Einstein Street OSHAKATI TEL: +264 65 226736 FAX: +264 65 226732 Unit 003, Erf 1611, Continental No. 1, Block B E-MAIL: [email protected] P O Box 2131, Windhoek PART OF THE Stainless Engineering M.E.S. Stainless Engineering CC t/a Marine & Mining Engineering with special focus on corrosion protection Big and small, industrial or domestic 1548 8th Street East Industrial Area Walvis Bay T: 064 204361 C: 081 124 1521 E: [email protected] www.stainless-engineering.com PAGE 4 PRODUCER DIRECTORY METAL FABRICATION FOREWORD 4 THE NAMIBIAN ASSOCIATION OF METAL FABRICATION (NAMF) 9 THE METAL FABRICATION INDUSTRY IN NAMIBIA 13 THE GROWTH STRATEGY FOR NAMIBIAN METAL FABRICATION INDUSTRY 19 LISTING OF NAMIBIAN METAL FABRICATORS 23 CONTENT PAGE 5 FOREWORD BY THE NAMIBIAN ASSOCIATION OF METAL FABRICATION ongratulations to the metal fabrication industry for Cfinally formalising its own representation platform and service vehicle.
    [Show full text]
  • Namibia to Press for Extradition
    OF ;rHE WEEKENDER TODAY '· SUPER PRIZES TO BE WON""''J * 'i Bringing Africa South Vol,3 No.437 N$1.50 (GST Inc.) Friday June 241994 Lubowski killing CHRISTOF MALETSKY THE four high-ranking police officers suspended in the course of the Lubowski inquest have been reinstated with im­ mediate effect following the inquest judgement planned by CCB which exonerated them of involvement in the mur­ der of the Swapo activist. A Nampol spokesper­ son confrrmed yesterday Judge finds Acheson was hitman that General 'Foffie' Badenhorst, Deputy Com­ missioner Jumbo Smit, • GWEN LlSTER ing the time, Judge Commissioners A TC Ismael Mohamed, the 'Attie' Nel and PJ Nel had JUDGE Harold Levy, who headed various affidavits con­ been reinstated. the inquest into the death of Swapo cerning Acheson, a However it was not 'strange discretion'. clear what the fate of Chief activist, Anton Lubowski, yester­ Levy added that the Inspector 'Terry ' day found'that Irish mercenary Prosecutor-General had Terreblanche, named by refused to give reasons Judge Levy yesterday as Donald Acheson was responsible for his decision not to an 'accomplice after the for the murder which was plotted prosecute. fact' in the Lubowski as­ If Acheson had been sassination, for failing to by the notorious Civil Co-opera­ prosecuted for murder, act on evidence at his dis­ tion Bureau (CCB). even ifhe had been sub­ posal either prior to or sequently acquitted, the immediately after the Judge Levy also 'Terry' Terreblanche Judge said, then justice death ofthe activist, would named as accomplices was an accessory after would have been done be.
    [Show full text]
  • Annual Report
    days of harnessing science, technology and innovation for improved competitiveness and economic growth. 2014/15 Annual Report Fostering Excellence through Knowledge and Innovation Fostering Excellence through Knowledge and Innovation 2014/15 Annual Report NCRST 2014/15 ANNUAL REPORT | 1 Table of Contents Foreword by the Chairperson 3 Review by the Chief Executive Officer 7 PART I: ORGANISATIONAL OVERVIEW 13 Corporate Overview 13 NCRST Mandate Mission Vision Values Strategic Themes Board of Commissioners Structure 15 Functions NCRST Commissioners 16 NCRST Committees and Councils 20 Management and Support Structure 25 Executive Management Office of the CEO 26 Research, Science Technology and Innovation Coordination and Support 28 Innovation and Technology Development (Management of National facilities) 30 Business Support 32 PART II: PERFORMANCE OVERVIEW 38 Support Structure 39 Internal Audit Company Secretariat and Legal Advice Quality Assurance and Operation Excellence Corporate Communications and Marketing 40 Human Resources Finance 41 Information Technology 42 Research, Science Technology and Innovation Coordination and Support 44 Policies and Programme Development Resource Mobilization and Grant Management 45 Human Resource, Institutional Development and Science Promotion 47 Innovation and Technology Development 50 Innovation and Industrial Research 50 Natural Sciences 51 Biotechnology 52 NCRST Funded Projects 54 Research Funding Under the Namibia/South Africa Bilateral Agreement 54 Research Funding under 1st National Call FOR Individuals
    [Show full text]
  • An Analysis of the Socio-Economic Security Challenges Of
    AN ANALYSIS OF THE SOCIO-ECONOMIC SECURITY CHALLENGES OF URBANISATION ON THE LIVELIHOOD OF THE RESIDENTS OF HAVANA AND GREENWELL MATONGO INFORMAL SETTLEMENTS OF WINDHOEK, NAMIBIA A THESIS SUBMITTED IN THE PARTIAL FULFILLMENT OF THE REQUIREMENTS OF THE MASTER OF ARTS IN SECURITY AND STRATEGIC STUDIES OF THE UNIVERSITY OF NAMIBIA BY Gerhard Erriky 200506226 August 2017 Supervisor : Dr Simon E. Akpo Co-Supervisor : Dr Vincent Mwange Approval page The undersigned certify that they have read and recommend to the Department of Management Sciences for accepting this thesis submitted by Gerhard Erriky in partial fulfilment of the requirement for the Master of Arts in Security and Strategic Studies (MASSS) Degree, in SCHOOL OF MILITARY SCIENCE. SUPERVISORS: Dr Simon Akpo MAIN Supervisor---------------------------------------- Dr Vincent Mwange Co-Supervisor-------------------------------------- UNIVERSITY OF NAMIBIA i Declaration I am here by declaring that this Thesis is my own work and that to the best of my knowledge, this research paper has never been submitted to any other Institution. I have acknowledged all other author’s idea and referenced their work. ………………………… Signature Date: Therefore, no part of this research paper may be reproduced, stored in any retrieval system, or transmitted in any form without the prior written permission of the author, or the University of Namibia. ii Dedication This study is dedicated to all my lecturers who devoted their tirelessly effort on presenting various modules to the students of Master of Arts in Security and Strategic Studies. To My fellow students who had been instrumental to overcome various challenges during our study. iii Acknowledgement This thesis would not be realised without the support of the following people and institutions: I would like to thank the Ministry of Defence specifically the Directorate of Education and Civil Training for the sponsorship of this course.
    [Show full text]
  • ANNUAL REPORT 2 0 1 3 - 2 0 1 4 Fostering Excellence Through Knowledge and Innovation CONTENTS Contents
    ANNUAL REPORT 2 0 1 3 - 2 0 1 4 Fostering Excellence through Knowledge and Innovation CONTENTS CONTENTS CHAIRPERSON’S STATEMENT 32 CEO’S REPORT 54 PART A: ORGANIZATIONAL OVERVIEW 7 CORPORATE OVERVIEW 9 NCRST MANDATE 10 MISSION 10 VISION 10 VALUES 10 STRATEGIC THEMES 11 BOARD OF COMMISSIONERS STRUCTURE 15 FUNCTIONS 16 NCRST COMMISSIONERS 18 NCRST COMMITTEES 20 EXECUTIVE COMMITEE (EXCO) 20 FOUNDATION FOR RESEARCH, SCIENCE AND TECHNOLOGY 20 FINANCE, INVESTMENTS ,AUDIT AND RISK MANAGEMENT COMMITTEE 21 HUMAN RESOURCES AND REMUNERATION COMMITEE 21 TENDER COMMITTEE 21 MANAGEMENT AND SUPPORT STRUCTURE 23 MANAGEMENT STRUCTURES 24 SUPPORT STRUCTURES 26 PART B: PERFORMANCE OVERVIEW 29 RESEARCH, SCIENCE, TECHNOLOGY AND INNOVATION COORDINATION AND SUPPORT 31 POLICIES AND PROGRAMME DEVELOPMENT 32 RESOURCE MOBILIZATION AND GRANT MANAGEMENT 32 SCIENCE PROMOTION 34 INNOVATION AND TECHNOLOGY DEVELOPMENT 37 INNOVATION AND INDUSTRIAL RESEARCH 38 NATURAL SCIENCES 39 BIOTECHNOLOGY 39 PART C: FINANCIAL REPORT 43 FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2014 45 GENERAL INFORMATION 46 COMMISSIONER’S RESPONSIBILITIES AND APPROVAL 47 INDEPENDENT AUDITOR’S REPORT 48 COMMISSIONER’S REPORT 49 STATEMENT OF FINANCIAL POSITION 50 STATEMENT OF INCOME 51 STATEMENT OF CHANGES IN EQUITY 52 STATEMENT OF CASH FLOWS 53 ACCOUNTING POLICIES 54 NOTES TO FINANCIAL STATEMENTS 56 DETAILED INCOME STATEMENT 61 2 NCRST ANNUAL REPORT 2013-2014 NCRST ANNUAL REPORT 2013-2014 1 C H A ENT Chairperson’s STATEMENT I RPERSON M STATE S 7. Deepen stakeholders cooperation Education, Hon Dr. David Namwandi, ’ The 2013/14 financial year marks an Science and Technology (NCRST and the ’ S important milestone for NCRST towards Delegation of Authority to Committees of and strategic alignment around and my fellow Commissioners.
    [Show full text]