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04:53Last update on: 12 Aug 2013
The Namibian
Mon 12 Aug 2013
SMS Of The Day * MINISTRY of Gender and Child Welfare, TEARS are rolling down as I write this SMS. The killing of women in Namibia is now like reciting a poem. Are we really getting the protection we deserve while women not being treated as part of this c Food For Thought * SO the Zimbabwe elections were free and peaceful and not free and fair? Bouquets And Brickbats * NURSES at Katutura Hospital must stop wearing those big plastic sandals at work because they are not the official working shoes. We want to see you looking smart and beautiful with your full uniform. SMS Of The Day * THIS nation is in dire need of a massive conference on housing. When we experienced a crisis in the education sector a crisis-control brain-storming conference was organised which resulted in the best deal ever for the Namibian child, nam Food For Thought * BOURGEOISIE has become a daily occupation if not the order of the day of the upper-echelons, President Hifikepunye Pohamba we urge you to revisit this unpatriotic geocentricism among your staff and the well-connected, for everybody to r Bouquets And Brickbats * COMMISSIONER of Prisons, can you please explain the strategies you use to appoint officers to certain positions? It is my observation that you are being fed with wrong information then you just promote individuals without making p SMS Of The Day * I THINK Paulus ‘The Rock’ Ambunda lost his belt because of this promoter and trainer. How can a world champion still be training at the Katutura Youth Complex where there is not enough equipment. I think they must follow the example of Ha Food For Thought * NAMIBIA Dairies are unable to match low prices of imported milk and this ultimately means the consumer will have to pay more for local milk. Look at the prices of the local chicken. All these profits are going in the pockets of a few in Bouquets And Brickbats * I AM pleased to hear that Cabinet has responded positively to the proposal of Namibia Dairies to support the industry. The restrictions which support the industry by reducing competition to ensure the survival of the industry is a SMS Of The Day * CEO’s golden handshakes. Somewhere on our statute books there must be a provision that if a board of directors suspends/dismisses a CEO without due regard to legal provision (substantive/procedural law) such board must carry the costs for Food For Thought * JACKY Asheeke was so right with her last column- why are the fathers of the dead children not being prosecuted? (Reference to the children who died in shack fires last week) Our justice system still protects men over women. In this cont Bouquets And Brickbats * ALEXACTUS Kaure, your column in Friday’s newspaper opened my eyes. One hardly finds impartial case study analysers in Namibia. Let’s not destroy the Polytechnic’s strong foundation (Tjivikua) as yet. At least wait until the transf
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NEWS - NAMIBIA
| 2013-07-30
Geingob changes SOE categories
Shinovene Immanuel
THE categories into which various State-Owned Enterprises (SOEs) were classified and put seals on the salaries of their heads were recently changed by the Prime Minister with some institutions totally removed from the list.
According to the latest government gazette, the State Owned Enterprises Governance Act of 2006 which was amended in May this year and was signed by Prime Minister Hage Geingob, has removed the Polytechnic of Namibia, the Government Institutions Pension Fund (GIPF), Namibian Broadcasting Corporation (NBC) and the University of Namibia from the SOE tiers to an unclassified category.
This means they are no longer subject salary seals for those heading the organisations.
The GIPF has in the past been rocked by allegations of corruption. The fund has, however, been consistent in announcing profits year after year.
Despite their recent announcement that they were close to break-even, NBC has also been in controversy over bail outs from government and the remuneration of its managers while the Polytechnic of Namibia, which has now been removed from the categories, is joined by fellow education institution Unam and GIPF who were previously in Tier 3.
In 2010, Cabinet approved a remuneration framework which divides SOEs into three categories: Tier 1, Tier 2 and Tier 3.
According to the regulations, a chief executive officer in Tier 1 should only earn between N$401 199 and a maximum of N$803 413 annually.
Tier 2 dictates that a CEO in that category should only earn between N$451 739 and N$987 197 annually.
If a parastatal falls under Tier 3 then it means it’s boss should earn a minimum of N$709 722 and a maximum of N$1 532 828.
Namibia Water Corporation and August 26 Holdings joined Tier 3 this year while the Namibia Financial Institutions Supervisory Authority joined the parastatals with top-earning bosses in the country in 2011.
Bosses from August 26 Holdings which falls under the Ministry of Defence have not been far from corruption controversies either.
Other parastatals in this highly paid category are Air Namibia, Namibia Port Authority, Namibia Post, Namibia Power Corporation, Roads Contractor Company, Telecom Namibia and TransNamib.
Polytechnic of Namibia, an institution led by Rector Tjama Tjivikua whose remuneration package has been in the spotlight and NBC were removed from Tier 2 to became unclassified.
Tjivikua’s remuneration package has been subject of discussion, as some argued that he was paid beyond set regulations.
The Rector says his package is not subject to the new SOE regulations.
Tier 2 however accommodates new entrants such as the Roads Funds Administration, the Communication Regulatory Authority of Namibia, Namibia Standards Institution and the National Youth Service.
The other parastatals in this category are: Agricultural Bank of Namibia, Development Bank of Namibia, Namibia Airports Company, Namibia Institute of Pathology, Namibia Wildlife Resorts and Namibia Housing Enterprise. Also in this category are the Motor Vehicle Fund, Roads Authority and the Social Security Commission.
Tier 1 also received new parastatals, namely the Lüderitz Waterfront Development Company, the Offshore Development Company (ODC), the Zambezi Waterfront, the Karakul Board of Namibia and the National Disability Council. Other parastatals in the category are: Namibia Agronomic Board, Namibia National Reinsurance Corporation, New Era Publication Corporation, Star Protection Service, Windhoek Machine Fabrik, Electricity Control Board, Meat Board of Namibia, National Council for Higher Education and the Namibia Qualifications Authority.
Also in this category are Namibia Special Risk Insurance Association, Namibia Tourism Board, Environmental Investment of Namibia, National Art Gallery of Namibia, Namibia College of Learning, National Heritage Council, Namibia Press Agency and the National Theatre of Namibia.
Former Prime Minister Nahas Angula last year said one of Geingob’s challenges would be dealing with the SOE’s, including massive salary discrepancies and enterprises that continue to operate in the red.
According to the latest government gazette, the State Owned Enterprises Governance Act of 2006 which was amended in May this year and was signed by Prime Minister Hage Geingob, has removed the Polytechnic of Namibia, the Government Institutions Pension Fund (GIPF), Namibian Broadcasting Corporation (NBC) and the University of Namibia from the SOE tiers to an unclassified category.
This means they are no longer subject salary seals for those heading the organisations.
The GIPF has in the past been rocked by allegations of corruption. The fund has, however, been consistent in announcing profits year after year.
Despite their recent announcement that they were close to break-even, NBC has also been in controversy over bail outs from government and the remuneration of its managers while the Polytechnic of Namibia, which has now been removed from the categories, is joined by fellow education institution Unam and GIPF who were previously in Tier 3.
In 2010, Cabinet approved a remuneration framework which divides SOEs into three categories: Tier 1, Tier 2 and Tier 3.
According to the regulations, a chief executive officer in Tier 1 should only earn between N$401 199 and a maximum of N$803 413 annually.
Tier 2 dictates that a CEO in that category should only earn between N$451 739 and N$987 197 annually.
If a parastatal falls under Tier 3 then it means it’s boss should earn a minimum of N$709 722 and a maximum of N$1 532 828.
Namibia Water Corporation and August 26 Holdings joined Tier 3 this year while the Namibia Financial Institutions Supervisory Authority joined the parastatals with top-earning bosses in the country in 2011.
Bosses from August 26 Holdings which falls under the Ministry of Defence have not been far from corruption controversies either.
Other parastatals in this highly paid category are Air Namibia, Namibia Port Authority, Namibia Post, Namibia Power Corporation, Roads Contractor Company, Telecom Namibia and TransNamib.
Polytechnic of Namibia, an institution led by Rector Tjama Tjivikua whose remuneration package has been in the spotlight and NBC were removed from Tier 2 to became unclassified.
Tjivikua’s remuneration package has been subject of discussion, as some argued that he was paid beyond set regulations.
The Rector says his package is not subject to the new SOE regulations.
Tier 2 however accommodates new entrants such as the Roads Funds Administration, the Communication Regulatory Authority of Namibia, Namibia Standards Institution and the National Youth Service.
The other parastatals in this category are: Agricultural Bank of Namibia, Development Bank of Namibia, Namibia Airports Company, Namibia Institute of Pathology, Namibia Wildlife Resorts and Namibia Housing Enterprise. Also in this category are the Motor Vehicle Fund, Roads Authority and the Social Security Commission.
Tier 1 also received new parastatals, namely the Lüderitz Waterfront Development Company, the Offshore Development Company (ODC), the Zambezi Waterfront, the Karakul Board of Namibia and the National Disability Council. Other parastatals in the category are: Namibia Agronomic Board, Namibia National Reinsurance Corporation, New Era Publication Corporation, Star Protection Service, Windhoek Machine Fabrik, Electricity Control Board, Meat Board of Namibia, National Council for Higher Education and the Namibia Qualifications Authority.
Also in this category are Namibia Special Risk Insurance Association, Namibia Tourism Board, Environmental Investment of Namibia, National Art Gallery of Namibia, Namibia College of Learning, National Heritage Council, Namibia Press Agency and the National Theatre of Namibia.
Former Prime Minister Nahas Angula last year said one of Geingob’s challenges would be dealing with the SOE’s, including massive salary discrepancies and enterprises that continue to operate in the red.
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