12
Mar
Allexer Namundjembo The Financial Institutions and Markets Act (FIMA), which faced criticism and was put on hold last year, is now on the verge of being re-tabled in Parliament following the recommendation of the Parliamentary Standing Committee on Budget and Finance. The committee urged the finance minister to implement the bill without further delay. The chairperson of the committee, Phillipus Katamelo, presented the recommendation in Parliament yesterday, emphasising the urgent need for swift action. Katamelo, in his address, stressed the importance of implementing the FIMA regulations within 90 days. "Allow me to also state the need for a speedy implementation…