Jeffrey Benson womo🇳🇦

Risk manager 📈 UNAM alumni 🎓 Wanna be socialite 😎 Dusty streets of Tura to the world💫

[VAN Di£ BAAi😎🇳🇦 @VAN_DIE_BAAI]

We need to get Stix involved.

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

Or fat

[Hàbibi 🇳🇦 @paxthetruth]

You can’t be attending marathons 🏃🏽‍♂️ for 2 years straight but you’re still single. What’s wrong with you

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

LOCATION

[Tate woHeadboard @AudiShaanika]

So Kasi Vibe was a flop?

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

Keyword: “abilities behind a cellphone” 😅

[🌟Loide.Nghuulondo.🦋 @purposetalks_]

@Rachell_NL I hope you have a lawyer to prove that, I took someone’s spot and that I use chat online. I will not sit idle and be trolled by you. You are obsessed with me clearly! Your whole feed screams obsessed!

Show me one thing you did this year to challenge your intellect apart from being a troll! People should see the faces of bullies! You guys will not harass me on a platform I built with my ability to interact with people respectfully.

I can ignore everything else but don’t you dare question my abilities behind a cellphone, you will answer to the law. I will never be equal to any one of you talking about me, everything I am, I built with my courage, something you will never do for yourself except being a vile human being!

[Hikuru @Uerikoravi]

STIX MUNENE

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

@UTDIMole James Rodriguez

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

I swear the only reason why more women have gastric compared to men is because they don’t want to fart in public…

[Monkey™ @ChilliKong]

Why are Namibian huns all selling now cuzo? The bros always waking up to invoices anuwa

[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 🙌🏿❤️🫂

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

Arg noho we just wanted to see president yama 2000 play on a world stage but they gave us the not so talented but highly marketed Tyla 🚮

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

Not even warning signs that there are speed bumps ahead….you just realize that boom speed humps when you’re face to face with them….must’ve been those engineers from Triumphant college

[Namibian Sun @namibiansun]

LEARN OR PERISH: The newly-installed speed humps along the B1 Western Bypass, have claimed their first vehicle accident this evening, as motorists slowly come to terms with the new developments - meant to protect pedestrian lives. Some motorists have criticized the move, saying installing speed bumps on a highway could, in fact, lead to motor vehicle accidents.

Video: Contributed

[RogueAcademic @KaseraBM]

I am not sure any political figure in this country has received so much social media vitriol as the late President Geingob. Then comes you, just a small pinch and you want to make it about your gender. Please get serious and act like public office bearers or step down.

[I WAS HACKED @NamibianCleaner]

She doesn’t want people talking about how fat she became huh?

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

They give testimonials now 🙆🏽‍♂️🙆🏽‍♂️ can’t even pay for your hoe in silence no more

[ohamba Mandume @FocusIsai]

Ndele ko Facebook okwakula oko😂😂😂😂

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

@Ekwelekwele We’re used to tough times 💀😩😂😂

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

@Aluteni_ Oh, comrade you’re married 😳 congratulations dawg 👏🏽🙌🏽

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

At least well both know we had it in us….the good old days are behind us 😅

[_ @zizo_brn]

The sex we are having it’s scary, i wonder what are we gonna offer in our marriages

[Jeffrey Benson womo🇳🇦 @_Nawa_0]

@CENABANTWAN @Dangerousgroun2 What do you mean never the same….he had one world class season and y’all started thinking he’s ballon d’or material….you lot jinxed the boy 😂

[mOkapendi @mOkapendi]

@_ABBU__ I enjoy seeing the simps go through hell like that.

As stingy men, simps make our life miserable when they do this much for ladies.

They deserve all the pain, so they learn. Thank god.