Labour analyst Herbert Jauch says Namibian labour law clearly states that if someone is employed for a short-term contract they should be paid on the last day on which they provided services. Jauch said this in an interview with The Namibian, following the recent complaints by enumerators who threatened to demonstrate if the Namibia Statistics...
Staff Reporter ANDRÉ Esterhuizen, a livestock producer who chaired a meeting with Meatco management and directors over the past weekend on the non-payment of farmers, has issued new demands to the Meat Corporation, with farmers demanding 50% upfront payment on the date of slaughter/production. “During the 2022 financial year, specifically between March to August, Meatco...
The Office of the President was grilled by the Parliamentary Standing Committee on Public Accounts for failing to provide evidence of payments running into thousands of dollars. Some of these payments were made to third parties without any documentation. This is the second time the Office of the President has appeared before the Parliamentary Standing...
Staff Reporter THE recent crisis faced by Meat Corporation of Namibia (Meatco) producers due to late payments also had an effect on Value Added Tax (VAT) payments. Farmers had to remit tax payments to the Namibia Revenue Agency (NamRA) while being owed up to N$ 350 million by Meatco. “Since the VAT Act requires that...
The Namibia Statistics Agency (NSA) on Friday issued a comprehensive update on the status of payments for the Census field staff and transport service providers involved in the 2023 Population and Housing Census. NSA Statistician General Alex Shimuafeni in a statement said, that for both the Census field staff salaries and the transport service providers,...
Stefanus Nashama The Government Institutions Pension Fund (GIPF) has indicated that outdated personal files of members and beneficiaries are causing delays in distributing pension benefits. This insight was shared by Amos Kambonde, GIPF’s Manager of Marketing Service. “It’s imperative for members to ensure their files are current. By doing so, when a benefit is due,...
The Bank of Namibia announced this week that is will assume full responsibility for handling the licensing and regulation of any and all payment service providers in Namibia. This move, based on the recent promulgation of the Payment System Management Act, relieves the Payments Association of Namibia (PAN) of any regulatory duties “The rationale for...
Bank Windhoek’s Chief Treasurer, Claire Hobbs, said that foreign exchange markets facilitate international trade, payments, financial transactions, and investments. She made this statement on Tuesday, when she reminded clients about the Bank’s Onshore Foreign Currency (OFC) and Customer Foreign Currency (CFC) Accounts. Hobbs explained that these multi-currency borderless accounts allow the account holder to send...
Bank Windhoek’s Chief Treasurer, Claire Hobbs, said that foreign exchange markets facilitate international trade, payments, financial transactions, and investments. She made this statement in Windhoek, when she reminded clients about the Bank’s Onshore Foreign Currency (OFC) and Customer Foreign Currency (CFC) Accounts. Hobbs explained that these multi-currency borderless accounts allow the account holder to send...