e National Housing Enterprise

Controversy surrounding NHE Executives’ Cape Town trip

Controversy surrounding NHE Executives’ Cape Town trip

Niel Terblanche In an effort to raise funds to finance the execution of its mandate, the National Housing Enterprise is considering a range of options as well as a host of potential financiers. However, the NHE’s dire financial position has left the state-owned company in a vulnerable position. Besides having to attend to a housing backlog of more than 300 000 living units for Namibians, the staff of the beleaguered SOE is repeatedly threatening to strike because of issues with their salaries. At the same time, staff accuse top management of raking in exorbitant fees for attending board meetings and…
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