The Anti-Corruption Commission (ACC) allegedly unlawfully requested the banking records of Finance Minister Saara Kuugongelwa-Amadhila, for review in connection with the Teko trialit emerged this week. The ACC allegedly also investigated the banking records of the minister’s husband, Onesmus Amadhila, her brother L. Kuugongelwa and her children.
JUSTICE Minister Utoni Nujoma said that Jerry Ekandjo was always his first choice for the vice presidency of Swapo, when speaking to the Windhoek Observer for the first time since the conclusion Swapo congress last year. He further disclosed his reasons for making a u-turn on Pendukeni Iivula-Ithana, after nominating her at a politburo meeting to stand for the vice presidency.
CONTRARY to reports in the local media, it has now emerged that Big Brother Africa 2013 winner Dillish Mathews will indeed receive a tax exemption on her winnings. After much speculation as to whether she would pay tax estimated at 30 percent (N$900 000), which would have taken a significant chunk out of her N$3 million winnings, the latest information suggest that is not the case.
THE Minister of Trade and Industry, Calle Schlettwein feels disappointed with local businesses for not making deposits with the SME Bank in which the Government has 65 percent shareholding. This comes amid reports that the bank does not have adequate capitalisation to serve the SME sector, which many feel has not received the necessary support from existing financial institutions.
TELECOM Namibia’s intentions of sourcing funding from capital markets were dealt a severe a blow this week when international rating agency, Fitch downgraded its outlook to negative. In June the Managing Director of Telecom, Frans Ndoroma announced, “Telecom will be sourcing new funding in the capital markets”. He made the announcement at the release of the company’s full financial statements.
THE chairman of the board of directors of the National Housing Enterprise (NHE) faces accusations of entering into an improper property deal with the housing parastatal. The deal, which according to Jason Nandago, he negotiated with the housing parastatal but did not conclude, has all the hallmarks of conflict of interest.
BOARD members must be held personally responsible for the compensation of CEOs if their handling of suspensions and dismissals are found to be reckless and unprocedural. This is the view of Junius Mungunda, Deloitte’ Regional Managing Partner, Southern Corridor. Mungunda was commenting on the significant number of suspensions and dismissal of CEOs in the country, especially over the last two years.
THE University of Namibia has reportedly been paying delict lecturer Lot Haifidi a full salary, whilst aware that Haifidi only taught two classes the entire year. Student at the university claimed that they have no assessment for the work that they did in the first trimester of year.
“He has not given us any tests or assignment to do, so we have no assessment marks right now” one student said.