25
Jun
Justicia Shipena Financial experts and civil servant union representatives have warned that the newly endorsed Pension-Backed Home Loan (PBHL) scheme could push public workers deeper into debt if not properly managed and aligned with wage growth. The ministry of finance endorsed the scheme on Wednesday, describing it as a step toward affordable housing for government employees. Teachers Union of Namibia (TUN) secretary general Mahongora Kavihuha said the scheme is simply “another loan product” and fails to empower workers. “Yes, I’ve been saying all along, buying a house is a payslip issue; your income determines what you qualify for. If the…
