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The Namibian
Tue 2 Sep 2014
 • ALL governments must learn that they are there to serve the people, not to rule over them.
 • MY people, how long are politicians going to learn to leave offices with honour instead of waiting to be pushed out with humiliation? Thank you comrade Nahas Angula for your voluntary, dignified exit. Enjoy your retirement. Those with more than 10 years
 • PLEASE print this SMS in red so that the Minister of Fisheries and Marine Resources can read and respond to the pleas of the shareholders. Please tell us where to submit our grievances, as shareholders, before we run to Paulus Noa for help?
 • WHY does the NBC show the naked breasts of the Aawambo and ovaHimba women on TV? I think they should be covered. Let’s respect them please.
 • WOW! What a tsunami! Swapo’s old guard were swept into the dustbin. The country can now breath a sigh of relief with the albatross around its neck finally gone.
 • ONGWEDIVA Town Council, please take note that the whole area west of Extension 14 is littered with all types of garbage. Please organise a clean-up campaign and educate the people of Extension 14 about public hygiene.
What do you make of the proposed changes to Namibia's Constitution?

1. It's a power grab

2. It's needed to manage government better

3. Such changes must go to a referendum first

4. Such changes shouldn't be centred on personalities

Results so far:
 Older Polls

FRONT PAGE | 2011-10-07
Banks Commit 'Daylight Robbery'
ALLOW me to give information on how the private lending institutions are ripping off our hard earned money. A typical real loan of N$9000 (nine thousand dollars) taken at a commercial bank reveals the following:
Cash amount received: N$9000.00
Stamp duties     11.00
Namfisa    90.00
Credit life insurance    1628.64
Bank admin fees    180.00
Administration fees 540.00
Finance charges 15.05%    2849.20
Total     14 298.84
The above total loan of N$9000.00 amounted to N$14298.84 and was repaid from February 2011 till January 2014, in 36 months (i.e. 3 years) for N$397.19 each month. As if the charges are not enough, the bank adds 2% of the instalment plus VAT of N$9.14 (this amount is paid to the administrator of the government payroll deduction system).
The new total deduction will be N$406.33 per month for 3 years.
In terms of the contract, you the borrower, will be punished for paying off the loan early. Is this really legal?
How can I be punished when I am willing to pay sooner? I thought that it makes common sense since I will not be owing until 2014. But no, to the banks it does not make economic sense.
This is daylight robbery, hence the change to the old Usury Act still been used in Namibia is needed.

F X Shikongo
By e-mail


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