22
Aug
Niël Terblanché NamWater faces financial challenges, with outstanding debts now surpassing N$2.1 billion. According to a statement issued by the national water supplier, this debt burden is an obstacle to NamWater’s ability to operate on a cost-recovery basis, as the entity primarily functions as a public service provider rather than for profit. As of June 2024, the accumulated debt from various sectors surpassed N$2.1 billion. Private and individual consumers owe N$312 139 216, while industries are responsible for N$40 343 848. Irrigation farmers have accrued N$22 525 668 in debt, and mines have an outstanding balance of N$91 820 587.…
