Rob 🇳🇦09

👉😈😲😂👏

[The Namibian @TheNamibian]

‘KILLING BUSINESSES’ … Order with me operator Meriam Dumeni says the Namibia Revenue Agency (Namra) is killing businesses and driving many entrepreneurs out of the market.
"A lot of people are out of business because of Namra," she says.
She spoke at an engagement with prime minister Elijah Ngurare, finance minister Ericah Shafudah and Namra officials in Windhoek on Saturday.

Video: Justicia Shipena

[Kofi Sark ➐ @kofiwest_gh]

Bro-bro; Invest in your space design and set it up with the things you love.

[Glades 𓃵🇳🇦 @gladeslamek]

These are the Mega Projects that Namibia is attempting to implement.

1. Kaoko Fria Smart City (N$ 1.5 T)
2. Green Hydrogen Project/Hyphen (N$ 180 B)
3. Ongos Valley Sports Village (N$ 2B)
4. Independence Stadium Renovation (N$ 2B)

[SWARTSKAAP @Shikonekeni_]

Drop videos of this kids dancing:

[K-man 🇳🇦 @kNA_cayman]

If it was in Namibia, you won’t rest with this type of English 😂😂😂

[O’Fogo @HTuuda]

Man I love this video 😂😂😂

[SWARTSKAAP @Shikonekeni_]

Kids became strategic they even cry now real tears 😂😂😂😂😂

[Bank Windhoek @BankWindhoek]

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#BankWindhoek
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[𝑶𝒕𝒔𝒊𝒍𝒆 𝑲 @OtsileJK]

Given Dludlu...HAAAM PRRRR HAAAM PRRRR

[Peché Africa 🇿🇦 @pmcafrica]

They will never ever put robots 🚦there 🤣🤣🤣

[Trophy Boyfriend @Khaze10]

Greetings to all Namibian Goverment Employees, the Unions, and the Government of The Republic of Namibia (GRN)

Subject: The GRN Employee Housing Scheme (GRN Subsidy): Is It Truly Beneficial to the Employee and Sustainable to the GRN?

I trust all is well with you.

In reference to the interview between the Rt Hon Prime Minister and Nampa on Friday, it was noted that the GRN subsidizes housing for its employees by 66%. If the maximum value of the house is N$792,000.00, the GRN pays N$522,720.00, and the employee pays N$269,280.00 over a purchase period of roughly 20 years (240 months). This scheme has proven to be costly and unsustainable for the GRN.

This issue also stems from the relationship between our financial institutions, particularly the commercial banks, and the GRN. Let's consider the following scenario:

I, (GRN employee), qualify for a housing subsidy of N$690,000.00. The GRN (Employer)will cover N$455,400.00 (66%), and I will cover the remaining N$234,600.00 (34%). When I apply for a loan against my housing subsidy with my bank (Middleman), Bank Windhoek, charges an 11.5% interest rate compounded annually for 20 years (240 months). This translates into the following over this period:

1. Monthly mortgage payment:N$7,358.36
2. Interest paid over the lifetime of the loan: N$1,076,007.47
3. Total repayments over the lifetime of the loan: N$1,766,007.47

It's important to note that, in actual terms, we cannot say the GRN contributes 66% of this amount, because the subsidy is taxed and the employee ends up contributing more to cover the difference. Keep this in mind!

Let's break this down. For a monthly payment of N$7,358.36, the GRN contributes (66%) N$4,856.52, and I, the GRN employee, contribute (34%) N$2,501.84.
Here lies the problem. If I take my monthly contribution of N$2,501.84 and multiply it by 240, it totals N$600,441.60. This amount, which goes straight to the bank, is almost equal to the principal amount of N$690,000.00, translating to approximately 87%.
Now, if we consider the GRN's contribution of N$4,856.52 x 240, it totals N$1,165,564.80.
This means N$1,165,564.80 goes straight to the bank from the GRN, and it mostly excludes the principal, as I would have almost covered it (+/- 87%) with my contributions. To make matters worse, this amount is almost double the principal amount. In summary, the bank receives the principal back from my contributions and gains double this amount extra from the GRN.
Hence, from a loan of N$690,000.00, the bank ends up receiving a total of N$1,766,007.47, which is almost triple the principal amount, translating to 2.6% times the initial value.

Questions to Ponder around:

1. Is this sustainable for the GRN?
2. What is the benefit for the GRN employee in the above scenario, as he/she would have almost covered the principal amount over 240 months?
3. Is the government's contribution only designed to cover the bank's interest over the purchase period?
4. Is there a better way to address this issue, or can we come up with sustainable alternatives to consider?
5. Should we perhaps eliminate the involvement of commercial banks (Middleman) and deal directly with the employee, or improve First Capital to address this issue?
6. Why is the housing subsidy taxed?
7. Is this a subsidy or loan Loan from the Employer to the Employee?
8. How much does the Employer collects in this transaction as dividends from the Employee through the Middleman?

Article by:
MR Taljaard Uaputauka
085 532 5324
TEACHER, GOBABIS Project School

[Prof. Job Shipululo AMUPANDA @Shipululo]

People of Namibia 🇳🇦
We hear a lot of Women leadership noise mainly by women who only want to Promite themselves and get the next available position. What is LOST is Real IMPACTFUL STORIES that are left in Silence because these women are not as LOUD. Natalia Goagoses was once a Chief Regional Officer of Erongo region. She got CLEAN AUDITS from the Auditor General, something many regional Councils struggle with to date. When she became Governor of Erongo, she found that the Office of the Governor was located in a HOTEL and government ostensibly paid more than N$ 100 000 per month for this Hotel located Governor office. She MOVED the Office OUT of the HOTEL and went to an old Government building that she is renovating from donations. Finance Minister Erica Shafudah is another. The Fiscal reforms we wanted for years as activists she has implemented. She Passed Regulations to stop Banks from being controlled and dominated by Foreigners. Banks Boards and Executive must now be 70% Namibian. She passed regulations on Building Societies and ended Corrupt financial management deals. We will now have GOLD as part our RESERVES and very soon we won’t have to pay for it. She also LISTENS and we may get, although not there yet, a Real SHIFT from a Neoliberal Capitalist Fiscal Orientation to Radical Fiscal transformation. These are women we should celebrate when it comes to PUBLIC FINANCIAL MANAGEMENT! In case no one recognizes your efforts, Meme Natalia and Meme Shafudah, we see your Efforts 🙌🏿❤️🫂

[MacNatty 🇳🇦 @Natty10_LFC]

We will support South Africa no matter what. We will not let them down.

[tío Metumo @sir_dris]

💀😭😭😭😭😭

[Vehicle Trackers @VehicleTracker8]

TikTok will be the end of truck drivers 😂

[SWARTSKAAP @Shikonekeni_]

Good morning carporn gang 🙌🔥

[Glades 𓃵🇳🇦 @gladeslamek]

Mom:"Stay away from girls who are after your money"

The girls who are not after my money:

[SWARTSKAAP @Shikonekeni_]

The most respected SUV😩💯🔥🐐

[Rob 🇳🇦09 @PopyeniFestus]

@Shikonekeni_ That SUV is the goat 🔥🔥

[👑🇳🇦 @not_princessAP]

TikTok people ne ✋😂😂