24 sept namib times e-edition

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N$4

namib times

SERVING THE COASTAL COMMUNITY SINCE 1958 NO 6932 FRIDAY 24 SEPTEMBER 2021 Tel: +264 64 - 205854 / +264 64 - 461866 /Fax: +264 64 - 204813 / 064 - 461824 / Website: www.namibtimes.net

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Cash-in-transit guard who disappeared with N$300k arrested in Swakopmund

Old Mutual relaunches its Swakop branch

A cash-in-transit security official who disappeared with N$300 000 in cash in Swakopmund last Friday, has been arrested in Swakopmund's DRC settlement yesterday morning. Ricardo Oxurub (35) (pictured left) was part of a three-man team who had to replenish Bank Windhoek's ATM's with cash last Friday. After booking out cash at Bank Windhoek Swakopmund, the trio drove with an armored van to the ATM of the Bank at Ocean View. Two of the guards entered the secure area of the ATM and started to reload it with cash. Oxurub allegedly stayed behind at the vehicle with one box containing N$300 000 in his care. When his colleagues returned to the vehicle, Oxurub and the cash box was nowhere to be found. After the Bank laid criminal charges, a manhunt was undertaken to arrest Oxurub and to recover the money. With his arrest yesterday morning, only a small amount of the stolen cash could be retrieved. Police investigators hope to recover more. Oxurub is expected to make a first appearance in the Swakopmund magistrate's court today on a charge of theft.

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Charcoal industry faces oversupply

Democratic Republic of Congo of opinion Namibian horse mackerel “too expensive” One of the Namibian fishing industry’s main horse mackerel trade partner in Africa, the Democratic Republic of Congo (DRC), says Namibian horse mackerel landed in that country is too expensive, because there are too many agents involved in the supply chain. That is according to the Minister of Fisheries and Marine Resources, Derek Klazen. added N$397,6 million my (HLPNE) to come The DRC’s solution port of Matadi. to the problem seems The 2021 TAC for to State coffers. A up with a strategy for to lie in the purchase horse mackerel is 330 delegation of the DRC, the country’s economic of horse mackerel on 000 metric tons. Of that led by the country’s recovery. The Panel Namibia’s cyclical 87 000 tons were iso- National Minister of among others took a Government Objec- lated as Government Economic, Jean-Marie critical look at the Objective Quota. A to- Kalumba Yuma, has country’s natural retive fish auctions. In fact, a total of 27 tal of 55 000 tons were been in Namibia by sources (including 300 metric tons of already auctioned. The Tuesday to finalise the fish) and recommendhorse mackerel was DRC purchased the arrangements for the ed a transparent bidrecently purchased remaining 27 300 tons, payment, according to ding process whereby portions of the annual by the DRC on the the Minister of Fishe- Klazen. fish auction of the ries and Marine Re- The background of the Total Allowable Catch 2021 Total Allowable sources, Derek Klazen, Government Objective be allocated as Government Objective QuoCatch (TAC). The explained during a me- Quotas: DRC is now search- dia briefing in Walvis In March 2019 Presi- tas. These quotas are dent Hage Geingob ap- put on auction to the ing for a technical Bay earlier this week. partner in Namibia to According to the mi- pointed a 22-member highest bidder (at catch the fish and nister, the auctioning of High-Level Panel on reserve prices per ton) deliver it to its main horse mackerel already the Namibian Econo- and the proceeds paid

into the National Treasury. The very first auction was held last year. There were hick-ups and many bidders

could not honour their commitments. Despite, the hake quota allocated as Government Objective sold for N$178 million.

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The dream owning a house comes true

Page 7 Minister Derek Klazen

Minister Jean-Marie Kalumba Yuma

Sports News Page 16


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