Jurgen Hecht

CoW drowning in debt<br>…depends on 200m bank overdraft

CoW drowning in debt
…depends on 200m bank overdraft

Tujoromajo Kasuto City of Windhoek has incurred cumulative losses of 2, 8 billion dollars over the past nine years, with another loss of N$480m recorded for the 2021 financial year and is considering selling undeveloped (virgin) land back to the Government for an amount still to be determined. This was revealed today by Councilor Jurgen Hecht, who presented an overview and analysis of the financial state of the capital. The councillor questioned what development could have been done with this N$3,2 billion loss, stating that CoW is a Titanic which has hit the bottom of the ocean. ‘’Its present only…
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