Debt Management

Ratepayers’ Struggle: The City of Windhoek’s Selective Billing and Redforce’s Questionable Practices

By Leonard Witbeen Windhoek residents continue to face inconsistent and seemingly unfair treatment regarding municipal bills, with some accounts being swiftly rectified while others suffer at the hands of aggressive debt collectors. A recent case involving a prominent Governor highlights the glaring disparities in how the City of Windhoek (CoW) and Redforce Debt Management handle ratepayers. A Governor’s Bill Magically Reduced A Governor who owns property in Windhoek recently discovered […]

13 February, 2025 18

Interview Transcripts

Lydia Amutenya Responds to Redforce Allegations

Windhoek, February 13, 2025 City of Windhoek spokesperson Lydia Amutenya has dismissed allegations of irregularities in the municipality’s dealings with Redforce Debt Management, stating that no evidence has been provided to substantiate the claims. Speaking in response to recent concerns raised by residents and activists, Amutenya emphasized that account holders who require clarification regarding their municipal bills should contact the City of Windhoek’s customer service center at 061-290-3377 or email […]

13 February, 2025 32

South Africa

Ramaphosa to Deliver SONA at Cape Town City Hall Today

S.A's National Assembly speaker Thoko Didiza has confirmed that president Cyril Ramaphosa will deliver the state of the nation address at Cape Town City Hall today. A two-day debate will follow Tuesday next week, before Ramaphosa’s response. Didiza emphasises the importance of SONA in shaping national discourse and its role in uniting the three arms of the state: Meanwhile, the DA urges Ramaphosa to prioritise fiscal discipline and debt management […]

6 February, 2025 43

Business / Economics

Bank Windhoek Warns Against Poor Financial Planning

Bank Windhoek's Credit Executive Officer, Eddie King, identifies poor financial planning, unexpected expenses, economic downturns, and over-reliance on credit as major causes of financial default. He stresses the importance of budgeting, emergency funds, and strong financial planning to navigate economic challenges and avoid high-interest debt traps. King urges individuals and businesses to stay informed about economic trends to make better financial decisions.

5 February, 2025 26

Namibia

National Assembly postpones Mid-Year Budget Review

Finance Minister Iipumbu Shiimi could not deliver the 2024/25 Mid-Year Budget Review this afternoon as the National Assembly lacked the required quorum. The session was postponed to Tuesday, 29 October 2024. The mid-year review seeks to evaluate the country's economic progress and fiscal strategies, with a focus on debt management and economic recovery.

28 October, 2024 26

Business / Economics

Saving for retirement in South Africa? Four tips to navigate the new pension rules

By Adrian Saville, University of Pretoria South Africa is changing its pension laws. The new system is designed to give individuals the opportunity to access only a portion of their retirement funds before they retire in the case of dire need – or even in case of desire. To an extent, this makes sense, given the low savings rate in the country. It forces individuals […]

31 July, 2024 25

Africa

Victims of Jammeh’s Barbaric Rule in Gambia Still Hope for Solace and Money

Gambia, a tiny country of 2.6 million tightly knit people, located right in the middle of Senegal in West Africa, is still struggling to recover from the brutal 22-year authoritarian reign of Yahya Jammeh. He was the longtime former president who fled the country in 2016 to nearby Equatorial Guinea after he lost re-election and regional states forced him from power. A range of United Nations agencies and bodies […]

28 March, 2024 28

Business / Economics

Financial Planning for Namibia’s Millennials

By Ashante Manetti, Group Marketing Manager, Old Mutual Namibia Financial freedom. It's a term that conjures up images of early retirement, dream vacations, and unshakeable security. But for Namibia's millennial generation, this dream can often feel shrouded in uncertainty. With student loan burdens, a competitive job market, and a rising cost of living, achieving financial stability can seem like an uphill battle. Financial planning for millennials isn't […]

28 March, 2024 20

Local

City of Windhoek’s clarity on the Debt Relief Programme approved by Council.

The City of Windhoek responds to statements made by Benestus Kandundu, a former City of Windhoek Councillor and Chairperson of the Katutura Residents Committee, regarding the recently approved debt relief programme. Contrary to Mr. Kandundu's claims, the City of Windhoek has been diligently working on a debt relief plan for over a year, even before the Katutura Residents Committee approached the City with their request. The Windhoek Municipal Council […]

15 December, 2023 25