Government Institutions Pension Fund (GIPF)

GIPF takes member education to the Omaheke Region

GIPF takes member education to the Omaheke Region

Amos Kambonde The Government Institutions Pension Fund (GIPF) is a defined pension Fund that provides guaranteed pension benefits to its large membership base. As a government pension fund, membership to the fund is compulsory, as such GIPF has the mandate to make sure that its members are knowledgeable about their benefits and how the Fund operates. The Omaheke Region is one of the most sparsely populated regions in the country. As a result, members find it difficult to reach or access GIPF services timeously. Against this background, the GIPF decided to embark on an initiative of taking member education to…
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MUMI appointed to GIPF incubator program

MUMI appointed to GIPF incubator program

Staff Writer MUMI Investment Managers (Pty) LTD has been appointed by the Government Institutions Pension Fund (GIPF) as one of its six incubator asset managers. The Asset Management Incubation programme is being implemented by the GIPF to provide an opportunity for previously disadvantaged individuals to participate in the mainstream asset management industry, and in doing so create Namibian based skills in the field of Investment and Asset Management. MUMI Investment Managers which officially commenced operations in 2019, possesses combined experience of over 20 years in portfolio research and investment management and currently manages about N$880 million of GIPF assets as…
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The New Normal: Cyber Security During COVID-19

The New Normal: Cyber Security During COVID-19

Martin Hamukwaya The Government Institutions Pension Fund (GIPF) has in recent years increased the shift and reliance in the use of information technology for our staff and members. When the COVID-19 pandemic reached Namibia and subsequently invoked the lockdown, it encouraged the use of many other effective ways the Fund can offer services to our members from the comfort of their homes. This effectively changed the way we operate at GIPF, which now translated into “The New Normal”. The “New Normal”, provides our members with assurance that they will be attended to without necessarily having to visit any of the…
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Few of the homeless can dream of decent housing in their lifetime

Kae Matundu-Tjiparuro The issue is not about with how much surgical precision anyone, let alone the Government Institutions Pension Fund (GIPF), would wish to make us believe what and how much it is doing to help the government arrest the 300,000 housing backlog and/or shortage the country is experiencing. But that 300,000 housing units, by the government’s own assessment, are needed, and what can be done about this backlog by all and sundry, including the GIPF. Because acute shelter-less, homeless and roofless, is the norm in the housing sector in Namibia. Addressing this acute shortage is and cannot be the…
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GIPF appoints UK consultants…as RisCura loses contract

GIPF appoints UK consultants…as RisCura loses contract

Staff Writer The Government Institutions Pension Fund (GIPF) has announced the appointment of two new United Kingdom based investment consultants. According the fund, Lane Clark & Peacock LLP will consult on investments, while BFinance UK Limited, will consult on the selection/search of asset managers. “Lane Clark & Peacock LLP will consult on investments, while BFinance UK Limited, will consult on the selection/search of Asset Managers. Both entities are domiciled in the United Kingdom and both bring a wealth of financial and investment expertise to the Fund. The selection process, which was advertised late last year, was guided by, and in…
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Asset manager courts GIPF for Ohorongo buy . . . as IDC plans exit

Asset manager courts GIPF for Ohorongo buy . . . as IDC plans exit

Staff Writer The Government Institutions Pension Fund (GIPF) has received an unsolicited proposal from one its asset managers seeking financial backing for its plans to acquire Schwenk Namibia (Pty) Ltd, the company which owns and operates the Ohorongo Cement factory. The cement company is now back on the market after the Namibia Competition Commission (NaCC) this month blocked West China Cement Limited from acquiring the business for N$1.5 billion citing the proposed acquisition could be uncompetitive since West China Cement Limited is a majority shareholder in Cheetah Cement, a move which could enable possible collusion and price fixing to the…
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GIPF investee harvests first blueberry crop

GIPF investee harvests first blueberry crop

Staff Writer The Government Institutions Pension Fund (GIPF) has announced the first large-scale Namibian commercial blueberry harvest, produced by the Mashare Berries project, which forms part of the Spitz Capital Fund anchored in the GIPF unlisted investment programme. The fund has invested N$90 million into the blueberry production project that is situated 50km east of Rundu on the banks of the Kavango River. This aims to harvest an estimated 150 tons of blueberries between July and October 2020. In a statement, the GIPF announced that the blueberry project supports its investment strategy of selecting high value crops for export to…
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GIPF embarks on member Education campaign

GIPF embarks on member Education campaign

Staff Writer The Government Institutions Pension Fund (GIPF) will embark on a member education campaign aimed at informing, educating and sensitizing our members about their benefits and rules of the Fund “The campaign will commerce on 29 June and will run until 31 July 2020. It is with great pleasure that we invite all our members to make use of these member information sessions on radio and print. We wish to emphasize that it is our members’ responsibility to make sure that they tune in and listen or buy the local newspapers to know more about GIPF offerings. As a…
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GIPF adequately funded for any eventualities

GIPF adequately funded for any eventualities

Staff Writer The Government Institutions Pension Fund (GIPF) says it’s in a position to pay all pension benefits due to its members in the public service in the event government considers retrenchment as a means to save on its ballooning wage bill. This comes as Finance Minister Iipumbu Shiimi in his maiden budget statement on Wednesday raised concern about the unsustainable government wage bill in light of declining revenues. “In the event that government decides to retrench members of the public service we are in a position to honour any accumulated liabilities due to members. The Fund has adequate assets…
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