From: Mbingeneeko Nichlas Sent: 26 October 2007 12:02To: All @ Windhoek;
Central - All; South - All; North - AllSubject: General Manager: Finance &
Asset Management
Dear Colleagues,
Kindly take note
that Ms Zia Stellmacher has been appointed as General Manager: Finance &
Asset Management (NamWater) with effect from 01 October 2007.
Zia,
congratulations on this senior assignment; all of us look forward to increased
value creation in pursuit of our corporate goal of financial
excellence.
Regards,
Nichlas.
Thursday, November 1, 2007
New GM Finance (WTF?)
We all looking being forward to the total colaps of the corporation. Thank you Whino Stinkvoete. You are making it easier now to mess up the whole kompanie.
Former Tele 2 boss Ockhuizen claims N$4.7m debt settled
Read original artikel here
FORMER Managing Director of the now defunct Tele Two, Welbert Ockhuizen still owes Namibia’s leading cellular service provider MTC more than N$740 000 and the Development Bank of Namibia (DBN) a total of N$4.7 million, with the latter now having classified the debt as a “loss”.Albertus Aochamub, MTC’s Manager for Corporate Services told Informanté that the matter (the Ockhuizen case) is currently in the hands of the company’s lawyers but could not divulge further information. “
It is handled by our lawyers, but since the case is sub judice I really don’t want to speculate on it,” he said.In the case of the DBN debt, Joy Sasman, DBN’s Manager for Marketing and Development Services, said Ockhuizen’s debts were written off on 6 July this year after a consensus was reached that such debts were uncollectible and that DBN’s continued search for the money might cost the Bank dearly.
Ockhuizen, who now works for NamWater as a senior manager, however denied owing MTC and DBN any money. In the case of MTC, he said the money was paid back in full in March this year. “I owe them not even a single cent”.He said that his family had gone through difficult times because of the pressure imposed on them by the debts. “I actually have paid more than N$740 000 because I had to also pay for legal fees that were involved,” he insisted.
On the DBN debt which dates back to 2002 when he borrowed more than N$4.7 million to consolidate Tele Two’s start up capital during its infancy, Ockhuizen brushed-off Sasman’s disclosures that the Bank had declared the debt a loss saying the DFN from which the money was borrowed sold Tele Two’s movable property and assets to a Danish-based company which subsequently shipped them off to Uganda.
“What the DBN told you is not a true reflection of the situation,” Ockhuizen said adding that the company property that got auctioned-off was valued at about N$8.2 million.
In July 2005, the DFN’s assets, liabilities, rights and obligations were transferred to the DBN, and Ockhuizen’s debts were among the liabilities transferred to DBN.
Despite Ockhuizen’s insistence that the Bank recovered its money through the auctioning of Tele Two’s property at N$8 million, emerging evidence shows that in October 2005 when DFN was no longer operational, Ockhuizen’s debts, which by that time were transferred to DBN, were still standing at N$4.7 million.And according to Sasman,
“The amount was written off in conjunction with DBN’s external auditors …”
She explained that the decision to cancel Ockhuizen;s debts was taken in line with the Loss Section of Determination 2 of the Banking Institutions Act.
This section of the Act which was availed to Informanté and states: “Loans, or other assets, which are considered uncollectible or of such little value that their continuance as a bankable asset is not warranted, shall be classified ‘loss’. Loss classification does not mean there is no recovery or salvage value, rather it is not practical or appropriate to defer writing-off the asset even though partial recovery may be realised in the future.
Now me is just wondering who these external auditors were? Maybe our friend Peter Carlson's company? Swart Angula something? Same guys involved in the rugby skandaal?
FORMER Managing Director of the now defunct Tele Two, Welbert Ockhuizen still owes Namibia’s leading cellular service provider MTC more than N$740 000 and the Development Bank of Namibia (DBN) a total of N$4.7 million, with the latter now having classified the debt as a “loss”.Albertus Aochamub, MTC’s Manager for Corporate Services told Informanté that the matter (the Ockhuizen case) is currently in the hands of the company’s lawyers but could not divulge further information. “
It is handled by our lawyers, but since the case is sub judice I really don’t want to speculate on it,” he said.In the case of the DBN debt, Joy Sasman, DBN’s Manager for Marketing and Development Services, said Ockhuizen’s debts were written off on 6 July this year after a consensus was reached that such debts were uncollectible and that DBN’s continued search for the money might cost the Bank dearly.
Ockhuizen, who now works for NamWater as a senior manager, however denied owing MTC and DBN any money. In the case of MTC, he said the money was paid back in full in March this year. “I owe them not even a single cent”.He said that his family had gone through difficult times because of the pressure imposed on them by the debts. “I actually have paid more than N$740 000 because I had to also pay for legal fees that were involved,” he insisted.
On the DBN debt which dates back to 2002 when he borrowed more than N$4.7 million to consolidate Tele Two’s start up capital during its infancy, Ockhuizen brushed-off Sasman’s disclosures that the Bank had declared the debt a loss saying the DFN from which the money was borrowed sold Tele Two’s movable property and assets to a Danish-based company which subsequently shipped them off to Uganda.
“What the DBN told you is not a true reflection of the situation,” Ockhuizen said adding that the company property that got auctioned-off was valued at about N$8.2 million.
In July 2005, the DFN’s assets, liabilities, rights and obligations were transferred to the DBN, and Ockhuizen’s debts were among the liabilities transferred to DBN.
Despite Ockhuizen’s insistence that the Bank recovered its money through the auctioning of Tele Two’s property at N$8 million, emerging evidence shows that in October 2005 when DFN was no longer operational, Ockhuizen’s debts, which by that time were transferred to DBN, were still standing at N$4.7 million.And according to Sasman,
“The amount was written off in conjunction with DBN’s external auditors …”
She explained that the decision to cancel Ockhuizen;s debts was taken in line with the Loss Section of Determination 2 of the Banking Institutions Act.
This section of the Act which was availed to Informanté and states: “Loans, or other assets, which are considered uncollectible or of such little value that their continuance as a bankable asset is not warranted, shall be classified ‘loss’. Loss classification does not mean there is no recovery or salvage value, rather it is not practical or appropriate to defer writing-off the asset even though partial recovery may be realised in the future.
Now me is just wondering who these external auditors were? Maybe our friend Peter Carlson's company? Swart Angula something? Same guys involved in the rugby skandaal?
Article in Repubikein
NamWater in skandvloed
• Estelle de Bruyn
INTERNE dokumentasie van die staat se waterverskaffer, NamWater, het die krane oopgedraai op bestuurslede se beweerde dubbele standaarde, nepotisme en wanbestuur wat tot ’n vloed van verleentheid kan lei.‘n Bemorste hotelkamer, gebruikte kondome en ‘n onbetaalde rekening saam met die “persoonlike skenking” van N$20 000 deur NamWater se hoof uitvoerende beampte, dr. Vaino Shivute, aan Swapo het die staatsmaatskappy opnuut in skande gedompel.
Dokumentêre bewyse in besit van Republikein het nou bevestig dat NamWater se skakelbeampte, mnr. Johannes Shigwedha, tussen 20 en 23 Augustus vanjaar in die Oshandira Lodge op Oshakati skandes gemaak het. Na afloop van sy besoek het die lodge ‘n klagtebrief aan Namwater geskryf waarin beweer word dat mnr. Shigwedha drie van die lodge se spierwit handdoeke gebruik het om sy skoene mee skoon te maak, en dat die wit bedlinne vol bloed was. Boonop kla die lodge omdat ’n vroulike metgesel die kamer gedeel het (gebruikte kondome is in die asblik gekry), terwyl die reisagentskap wat die bespreking gedoen het, die kamer vir ‘n enkelpersoon bespreek het.
Hierbenewens het mnr. Shigwedha die lodge verlaat sonder om die rekening te vereffen.Die verskoning wat later deur Namwater aangebied is, was dat dit inderdaad nié mnr. Shigwedha van Namwater was wat in die lodge op NamWater se rekening en bespreking tuisgegaan het nie, maar sy broer, ‘n ander mnr. Shigwedha.Geen verduidelik is gegee hoekom Namwater sou pa staan vir die rekening van ‘n familielid van een van sy werknemers nie.Volgens koopbewyse van Namwater wat aan die plaaslike reisagentskap wat die reëlings getref het, uitgemaak is, het dr. Shivute en mnr. Welbert Ockhuizen, ook van NamWater, dieselfde tyd as die “broer” van mnr. Shigwedha in dieselfde lodge tuis gegaan.
NamWater-personeel is ontstoke oor die manier waarop dié optrede van mnr. Shigwedha óf sy broer deur senior personeel van NamWater oor die hoof gesien word en dat geen dissiplinêre stappe teen hom ingestel is nie.Terselfdertyd het die spook van die Swapo-skenking van N$20 000 deur NamWater weer begin loop.Die omslagtige ontkennings in 2006 toe mnr. Shivute op ‘n fondsinsamelingsdinee vir ‘n nuwe Swapo-hoofkantoor vir sy Khomas-tak, N$20 000 tot die projek bygedra het, en later teruggekrabbel en gesê het die skenking was in sy persoonlike hoedanigheid, is eweneens as ‘n leuen gestaaf deur afskrifte van NamWater se finansiële state wat in Republikein se besit gekom het.
Volgens aankooporder nommer 4500124665 word “Swapo Party Khomas” as die verkoopsagent (“Vendor”) aangegee ten gunste van wie ‘n tjek ter waarde van N$20 000 op 16 Oktober 2006 uitgereik is vir dienste of ware “wat nog gelewer moet word” en waarvoor ‘n faktuur nog gelewer moet word.
Republikein het op 20 November 2006 reeds berig dat ‘n afskrif van die tjek van NamWater wat glo deur dr. Shivute “in sy persoonlike hoedanigheid” aan Swapo geskenk is, gewissel is.Dit het gevolg nadat beide Eerste Minister Nahas Angula en die Minister van Finansies, me. Saara Kuugongelwa-Amadhila, in die Nasionale Vergadering in antwoord op vrae van die opposisie ten sterkste ontken het dat ondernemings in staatsbesit genader is om by te dra tot die Swapo-koffers of dat hulle belastingbetalersgeld aan die party geskenk het.
• Estelle de Bruyn
INTERNE dokumentasie van die staat se waterverskaffer, NamWater, het die krane oopgedraai op bestuurslede se beweerde dubbele standaarde, nepotisme en wanbestuur wat tot ’n vloed van verleentheid kan lei.‘n Bemorste hotelkamer, gebruikte kondome en ‘n onbetaalde rekening saam met die “persoonlike skenking” van N$20 000 deur NamWater se hoof uitvoerende beampte, dr. Vaino Shivute, aan Swapo het die staatsmaatskappy opnuut in skande gedompel.
Dokumentêre bewyse in besit van Republikein het nou bevestig dat NamWater se skakelbeampte, mnr. Johannes Shigwedha, tussen 20 en 23 Augustus vanjaar in die Oshandira Lodge op Oshakati skandes gemaak het. Na afloop van sy besoek het die lodge ‘n klagtebrief aan Namwater geskryf waarin beweer word dat mnr. Shigwedha drie van die lodge se spierwit handdoeke gebruik het om sy skoene mee skoon te maak, en dat die wit bedlinne vol bloed was. Boonop kla die lodge omdat ’n vroulike metgesel die kamer gedeel het (gebruikte kondome is in die asblik gekry), terwyl die reisagentskap wat die bespreking gedoen het, die kamer vir ‘n enkelpersoon bespreek het.
Hierbenewens het mnr. Shigwedha die lodge verlaat sonder om die rekening te vereffen.Die verskoning wat later deur Namwater aangebied is, was dat dit inderdaad nié mnr. Shigwedha van Namwater was wat in die lodge op NamWater se rekening en bespreking tuisgegaan het nie, maar sy broer, ‘n ander mnr. Shigwedha.Geen verduidelik is gegee hoekom Namwater sou pa staan vir die rekening van ‘n familielid van een van sy werknemers nie.Volgens koopbewyse van Namwater wat aan die plaaslike reisagentskap wat die reëlings getref het, uitgemaak is, het dr. Shivute en mnr. Welbert Ockhuizen, ook van NamWater, dieselfde tyd as die “broer” van mnr. Shigwedha in dieselfde lodge tuis gegaan.
NamWater-personeel is ontstoke oor die manier waarop dié optrede van mnr. Shigwedha óf sy broer deur senior personeel van NamWater oor die hoof gesien word en dat geen dissiplinêre stappe teen hom ingestel is nie.Terselfdertyd het die spook van die Swapo-skenking van N$20 000 deur NamWater weer begin loop.Die omslagtige ontkennings in 2006 toe mnr. Shivute op ‘n fondsinsamelingsdinee vir ‘n nuwe Swapo-hoofkantoor vir sy Khomas-tak, N$20 000 tot die projek bygedra het, en later teruggekrabbel en gesê het die skenking was in sy persoonlike hoedanigheid, is eweneens as ‘n leuen gestaaf deur afskrifte van NamWater se finansiële state wat in Republikein se besit gekom het.
Volgens aankooporder nommer 4500124665 word “Swapo Party Khomas” as die verkoopsagent (“Vendor”) aangegee ten gunste van wie ‘n tjek ter waarde van N$20 000 op 16 Oktober 2006 uitgereik is vir dienste of ware “wat nog gelewer moet word” en waarvoor ‘n faktuur nog gelewer moet word.
Republikein het op 20 November 2006 reeds berig dat ‘n afskrif van die tjek van NamWater wat glo deur dr. Shivute “in sy persoonlike hoedanigheid” aan Swapo geskenk is, gewissel is.Dit het gevolg nadat beide Eerste Minister Nahas Angula en die Minister van Finansies, me. Saara Kuugongelwa-Amadhila, in die Nasionale Vergadering in antwoord op vrae van die opposisie ten sterkste ontken het dat ondernemings in staatsbesit genader is om by te dra tot die Swapo-koffers of dat hulle belastingbetalersgeld aan die party geskenk het.
The Family Tree
Ms Zia Stellmacher joined NamWater as the Senior Manager: Finance with effect from 02 January 2007
Mrs Sarah Rossouw has assumed duty as Senior Manager: Business Performance Management w.e.f. 01 August 2007.
What do these two have in common, apart from the fact that they're both amazingly ugly and stupid, and probably from Rehoboth?
They are family and close friends of the Ockhuizen family. Yes. Sarah is the sister of the woman who is married to Welbert Ockhuizen's brother. Her other sister is married to Rudi Saunderson, the ex-GM Finance. Welbert's wife was a schoolteacher of Zia.
Nice, huh? Old Wellies himselwers are also so freakin ugly that I doubt if his mother could love him.
Zia is now GM finance, even though she never in her life handled corporate finance in a working environment before she started working at NamWater! And look at that fat ugly gevreet. Deserves a good whack with a dropper if you ask me.
The famous SWAPO Cheque
These page prints from the NamWater SAP system is proving that the SWAPO N$20000.00 tjek was made out to a vendor on SAP, and a GR was done on it to get it paid.
The cheque was made out on the NamWater account, and not Shivute's personal acount.
Click on the picture to get a blown up view of the page with all the details on it.
Beautiful, aint it?
The cheque was made out on the NamWater account, and not Shivute's personal acount.
Click on the picture to get a blown up view of the page with all the details on it.
Beautiful, aint it?
NamWater is font-page news today!
So the truth will come out eventually.
John Shigweda has made a mess.
Just look at this terrible mess.
John Shigweda has made a mess.
Just look at this terrible mess.
Wednesday, September 19, 2007
The SWAPO Cheque
This storie was in Die Republikein a while ago:
NamWater-geld vloei vir Swapo
• Estelle de Bruyn
Die staat se nasionale watervoorsiener, NamWater, is die jongste slagoffer in die slepende omstredenheid rondom die spogbanket waartydens geld vir Swapo se hoofkantoor in die Khomas-streek ingesamel is.Die feit dat die waarheid ‘n vreemde manier het om die leuen in te haal word weërspieel in ‘n afskrif van ‘n gewisselde tjek van N$20 000.
Dié NamWater-tjek aan die Swapo Party Khomas het gister in Republikein se besit gekom.Dit volg na die Eerste Minister, mnr. Nahas Angula, Donderdag in die Nasionale Vergadering kategories ontken het dat hy, in sy hoedanigheid as beskermheer vir die bou van ‘n nuwe Swapo-hoofkantoor vir die Khomas-streek, plaaslike owerhede en ander organisasies vir hul bydraes genader het. Hy het verduidelik dat hy mense in hul persoonlike hoedanigheid vir bydraes genader het en nie ondernemings nie.
Die Minister van Finansies, me. Saara Kuugongelwa-Amadhila, het ook voorheen op ‘n vraag uit opposisie-geledere, geantwoord dat geen ondernemings in staatsbesit bygedra het tot die Swapo-fondsinsameling nie, maar dat individue die hand in eie sak gesteek het om geld te gee vir die nuwe gebou.
Tjeknommer 042655 uit die rekeningnommer van Namibia Water Corporation, 555 0014 4676 van First National Bank se Windhoek korporatiewe tak, taknommer 281 872, is op 20 Oktober vanjaar uitgereik en op 3 November gewissel volgens die bankstempel wat daarop verskyn.
Republikein het op 2 Oktober berig dat ‘n laataand-regstelling by die glansdinee, die aanvanklike skenking van NamWater verander het na ‘n persoonlike skenking van die hoof uitvoerende beampte van NamWater, dr. Veinno Shivute. Dit was net oëverblindery, want Republikein sit vandag met die bewyse dat die geld toe wel uit NamWater se rekening betaal is.
Op 2 November vanjaar het die Minister van Finansies, me. Saara Kuugongelwa-Amadhila, vroom in die Nasionale Vergadering in antwoord op ‘n vraag van mnr. Tsudao Gurirab van die Congress of Democrats (CoD) oor ‘n skenking van Agribank by dieselfde geleentheid, ontken dat enige ondernemings in staatsbesit korporatiewe fondse vir die bou van die hoofkantoor geskenk het. Sy het gesê Swapo het ‘n breëfront geldinsamelingsveldtog van stapel gestuur en mense oor ‘n breë spektrum na die dinee genooi.
Tydens die dinee is individue in hul persoonlike hoedanighede of as verteenwoordigers van hul onderskeie organisasies genooi om ‘n onderneming vir skenkings te gee. “Ek het die versekering gekry dat terwyl AgriBank by die dinee verteenwoordig was, geen betaling deur AgriBank aan Swapo gedoen is nie. Bydraes is deur individue in hul persoonlike hoedanigheid gemaak,” het sy verduidelik.
Volgens ‘n berig in Republikein deur Dani Booysen wat die dinee bygewoon het, het skenkings van benewens Agribank en “dr. Shivute” se NamWater-skenking ook van Trustco en Prowealth gekom wat onder meer N$20 000 elk geskenk het. Die voorsitter van Trustco se direksie, adv. Theo Frank, het verlede week by wyse van ‘n kort brief in die Engelse dagblad egter ‘n verdere regstelling gemaak en gesê mnr. Quinton van Rooyen het die geld in sy persoonlike hoedanigheid geskenk en nie Trustco nie.
See the next post about the nice pictures out of NamWater's SAP system that proves that a Goods Receipt was done, and requisitions and orders existed for this purchase. What I wondering is " Why is SWAPO head office a vendor on NamWater SAP system?" What else do they buy from SWAPO? Nothing! Go check the system. What are the auditors doing about it? Nothing, because they work for Pieter Carlson!
NamWater-geld vloei vir Swapo
• Estelle de Bruyn
Die staat se nasionale watervoorsiener, NamWater, is die jongste slagoffer in die slepende omstredenheid rondom die spogbanket waartydens geld vir Swapo se hoofkantoor in die Khomas-streek ingesamel is.Die feit dat die waarheid ‘n vreemde manier het om die leuen in te haal word weërspieel in ‘n afskrif van ‘n gewisselde tjek van N$20 000.
Dié NamWater-tjek aan die Swapo Party Khomas het gister in Republikein se besit gekom.Dit volg na die Eerste Minister, mnr. Nahas Angula, Donderdag in die Nasionale Vergadering kategories ontken het dat hy, in sy hoedanigheid as beskermheer vir die bou van ‘n nuwe Swapo-hoofkantoor vir die Khomas-streek, plaaslike owerhede en ander organisasies vir hul bydraes genader het. Hy het verduidelik dat hy mense in hul persoonlike hoedanigheid vir bydraes genader het en nie ondernemings nie.
Die Minister van Finansies, me. Saara Kuugongelwa-Amadhila, het ook voorheen op ‘n vraag uit opposisie-geledere, geantwoord dat geen ondernemings in staatsbesit bygedra het tot die Swapo-fondsinsameling nie, maar dat individue die hand in eie sak gesteek het om geld te gee vir die nuwe gebou.
Tjeknommer 042655 uit die rekeningnommer van Namibia Water Corporation, 555 0014 4676 van First National Bank se Windhoek korporatiewe tak, taknommer 281 872, is op 20 Oktober vanjaar uitgereik en op 3 November gewissel volgens die bankstempel wat daarop verskyn.
Republikein het op 2 Oktober berig dat ‘n laataand-regstelling by die glansdinee, die aanvanklike skenking van NamWater verander het na ‘n persoonlike skenking van die hoof uitvoerende beampte van NamWater, dr. Veinno Shivute. Dit was net oëverblindery, want Republikein sit vandag met die bewyse dat die geld toe wel uit NamWater se rekening betaal is.
Op 2 November vanjaar het die Minister van Finansies, me. Saara Kuugongelwa-Amadhila, vroom in die Nasionale Vergadering in antwoord op ‘n vraag van mnr. Tsudao Gurirab van die Congress of Democrats (CoD) oor ‘n skenking van Agribank by dieselfde geleentheid, ontken dat enige ondernemings in staatsbesit korporatiewe fondse vir die bou van die hoofkantoor geskenk het. Sy het gesê Swapo het ‘n breëfront geldinsamelingsveldtog van stapel gestuur en mense oor ‘n breë spektrum na die dinee genooi.
Tydens die dinee is individue in hul persoonlike hoedanighede of as verteenwoordigers van hul onderskeie organisasies genooi om ‘n onderneming vir skenkings te gee. “Ek het die versekering gekry dat terwyl AgriBank by die dinee verteenwoordig was, geen betaling deur AgriBank aan Swapo gedoen is nie. Bydraes is deur individue in hul persoonlike hoedanigheid gemaak,” het sy verduidelik.
Volgens ‘n berig in Republikein deur Dani Booysen wat die dinee bygewoon het, het skenkings van benewens Agribank en “dr. Shivute” se NamWater-skenking ook van Trustco en Prowealth gekom wat onder meer N$20 000 elk geskenk het. Die voorsitter van Trustco se direksie, adv. Theo Frank, het verlede week by wyse van ‘n kort brief in die Engelse dagblad egter ‘n verdere regstelling gemaak en gesê mnr. Quinton van Rooyen het die geld in sy persoonlike hoedanigheid geskenk en nie Trustco nie.
See the next post about the nice pictures out of NamWater's SAP system that proves that a Goods Receipt was done, and requisitions and orders existed for this purchase. What I wondering is " Why is SWAPO head office a vendor on NamWater SAP system?" What else do they buy from SWAPO? Nothing! Go check the system. What are the auditors doing about it? Nothing, because they work for Pieter Carlson!
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