Pension Fund Act

Staff Writer Namibia’s budget speech to its parliament is nearing, and the question is how the new finance minister is going to fund the mineral-rich country’s state spending after pension funds were indirectly used last year. The nation of less than 3m people relies heavily on developmental aid from South Africa – in the form of customs revenue sharing – to fund its public outlays. Namibia, however, has a large pool of investment money relative to its economic output. It was this segment that the country’s finance ministry targeted last year and the year before. In a similar vein to…