High-Level Panel urges SOE salary guidelines review

High-Level Panel urges SOE salary guidelines review
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NAMPA

Government has been advised to review the remuneration guidelines of state-owned enterprises' (SOE), boards and chief executive officers (CEO).
The High-Level Panel on the Namibian Economy believes such a move would encourage efficiency and effectiveness at SOE and lessen dependency.
These recommendation to review the earnings of the top bosses targets mostly those entities which are underperforming and constantly beg the government for bailouts.
The High-Level Panel says, not only does the situation continue to put pressure on the country's fiscus, but compromises service delivery to the public and slows down innovation in key economic sectors.
Therefore, it is only imperative that remuneration packages and guidelines be reviewed, it says.
Namibia's hybrid governance model, approved by Cabinet in 2016, classifies public enterprises into commercial, non-commercial and financial institutions and extra-budgetary funds categories.
It is expected to improve corporate governance but the panel is recommending a transformation plan for those enterprises falling under the commercial bracket.
The plan is to put MTC up for listing, form joint-ventures in Nampost, Namibia Institute of Pathology, Meatco, NWR, Namport and Telecom.
Government is also advised to merge Road Fund Administration and Road Authority as well as Air Namibia and Namibia Airports Company.
For Air Namibia alone, the report suggests that it enters into codeshare or pure commercial agreements with airlines currently operating in Namibia, such as Qatar, KLM, Ethiopian and Lufthansa to take over international markets.