N$ 3 million – Windhoek Observer

Hertta-Maria Amutenja The Ministry of Finance and Public Enterprises yesterday revealed that government is considering the liquidation of the financially struggling parastatal, Roads Contractor Company (RCC). The parastatal, which has a monthly wage bill of just over N$ 3 million, and long term- loans worth just less than N$ 8 million, has been in operation despite having an impaired profit. “The Government is busy consulting through the development of the plan. Once that has been completed, it will inform the decision on what the Government will do with the company,” Wilson Shikoto, the Ministry’s Spokesperson said. However, Shikoto adds that…