5 billion

Minister Jooste raises concern over N$8,5 billion SOE wage bill

by editor1 / Sep 13, 2019 / 0 comments
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-Public Enterprise Minister Leon Jooste said profitable entities improved their revenue from N$840 000 million to N$1,1 billion for the 2016-17 through 2018-19 financial years.
He said these SOEs jointly employ 17 000 Namibians but he raised concern at the wage bill of these institutions, which he said amounts to N$8,5 billion.

Chinese millionaire Jack Huang granted bail in fraud case

by editor / Feb 02, 2017 / 0 comments

Bail has been quickly granted to a fifth suspect in the historic N$3,5 billion tax fraud case, now being heard in court. This follows the arrest yesterday of well-known Chinese businessman, Jack Huang, at Hosea Kutako International Airport.