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05:16Last update on: 12 Aug 2013
The Namibian
Mon 12 Aug 2013
SMS Of The Day * MINISTRY of Gender and Child Welfare, TEARS are rolling down as I write this SMS. The killing of women in Namibia is now like reciting a poem. Are we really getting the protection we deserve while women not being treated as part of this c Food For Thought * SO the Zimbabwe elections were free and peaceful and not free and fair? Bouquets And Brickbats * NURSES at Katutura Hospital must stop wearing those big plastic sandals at work because they are not the official working shoes. We want to see you looking smart and beautiful with your full uniform. SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf
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LETTERS -
| 2013-08-09
SME Bank Has Failed Us
AFTER being introduced as the bank that will be helping young entrepreneurs with collateral free loans, SME Bank you have utterly disappointed the Namibian youth with so many assurances but yet no promises were fulfilled.
After raising about N$36 000 from various petty jobs here and there, my business partner and I needed an additional N$22 000 to buy a new machine from South Africa. So we decided to go to the new bank, which was seemingly providing collateral free loans to young entrepreneurs.
We were well received and given a long list of financial documents to comply with, which included nine steps.
An accountant was needed to help us with these nine steps of long financial documents for whose services we had to pay, incurring additional costs.
We fully complied with the application for the loan, only to be told by the very same cashier that the SME Bank does not give out collateral- free loans (as stated in their papers).
What type of collateral do you expect a 20-year-old to give you for a mere N$20 000 (My Xbox perhaps)? Looking bitterly disappointed, the cashier tried to console us by telling us the only time the bank can hand you a free loan is when you have a direct purchase order or when you have been awarded a tender.
Well, SME Bank, if it was your objective to help the young struggling entrepreneurs I assure you have failed and on the contrary you are helping sustain the lazy, well-connected and ruthless business people out there winning tenders and shutting out real business-minded people.
Anonymous
By email
After raising about N$36 000 from various petty jobs here and there, my business partner and I needed an additional N$22 000 to buy a new machine from South Africa. So we decided to go to the new bank, which was seemingly providing collateral free loans to young entrepreneurs.
We were well received and given a long list of financial documents to comply with, which included nine steps.
An accountant was needed to help us with these nine steps of long financial documents for whose services we had to pay, incurring additional costs.
We fully complied with the application for the loan, only to be told by the very same cashier that the SME Bank does not give out collateral- free loans (as stated in their papers).
What type of collateral do you expect a 20-year-old to give you for a mere N$20 000 (My Xbox perhaps)? Looking bitterly disappointed, the cashier tried to console us by telling us the only time the bank can hand you a free loan is when you have a direct purchase order or when you have been awarded a tender.
Well, SME Bank, if it was your objective to help the young struggling entrepreneurs I assure you have failed and on the contrary you are helping sustain the lazy, well-connected and ruthless business people out there winning tenders and shutting out real business-minded people.
Anonymous
By email
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(August 12)
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