NAMFISA Reports Decrease in Unclaimed Pension Funds as Benefits Continue to Rise

The Namibia Financial Institutions Supervisory Authority reported a decrease in unclaimed pension fund benefits to N$218.7 million by the end of 2023, down from N$229.1 million the previous year. This improvement is attributed to better tracing and payment of beneficiaries. Total benefits paid increased by 6.6% to N$12.3 billion, with retirement benefits continuing to grow faster than contributions. Contributions rose by only 0.9% to N$10.0 billion, which fell below the inflation rate of 5.7% for the same period.

Written by: Leonard Witbeen

Future Media FUTURE MEDIA NAMIBIA FUTURE MEDIA NEWS Namfisa Namibia Financial Institutions Supervisory Authority

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Controversial Red Line case struck from court

By: Ellen Shihepo The High Court has struck the Red Line case by Affirmative Repositioning (AR) leader Job Amupanda against the Ministry of Agriculture and seven other defendants. Presiding Judge Shafimana Ueitele ruled that Amupanda failed to provide sufficient evidence to prove that the Red Line is unconstitutional. Judge Ueitele […]

March 27, 2025 32 1

Business / Economics

Economist Omu Kakujaha-Matu suggests Air Namibia partners with other airlines to secure future

By: Hertha Ekandjo Economist Omu Kakujaha-Matu has suggested that Air Namibia should explore partnerships with other airlines to ensure its survival and profitability. In a recent interview with NewsOnOne, Kakujaha-Matu emphasised that forming alliances with global carriers could provide the much-needed support to get the airline back on track. "In […]

March 27, 2025 45