Public Enterprises minister Leon Jooste

12 Feb

Jooste calls Sisa’s bluff

ObserverObserver MoneyAir Namibia, Challenge Air, Public Enterprises minister Leon Jooste, Sisa Namandje, TransNamib

Andrew Kathindi Public Enterprises Minister, Leon Jooste, has dismissed threats by Challenge Air representative, Lawyer Sisa Namandje, to seize assets of state-owned TransNamib, if government proceeds with the voluntary liquidation of Air Namibia. According to Namandje the Arbitration Awards made on 6 August, 2008 and 4 August, 2011 in Europe, were jointly against Air Namibia and TransNamib. Air Namibia was incorporated into TransNamib up until the late 1990s, which was around the time when the airline entered into the lease agreement with Challenge Air. “I saw the letter that was circulated today. We discussed this with TransNamib some time ago…

Jooste fires NIDA board

ObserverUncategorisedNIDA board, Public Enterprises minister Leon Jooste

Staff Writer The troubled Namibia Industrial Development (NIDA) board has been given the boot by Public Enterprises minister Leon Jooste. The Frans Kwala led board appointed by the then Trade Minister, Tjekero Tweya, in 2018 was given its marching orders by Jooste after failing to justify its continued stay, amid mounting governance and operational challenges at the parastatal. Also booted out are board members, Anita /Narib, Hans Jochelson, Job Muniaro, Dr Diana van Schalkwyk and Marcelina ! Gaoses. “To be fair to the Board, I requested the NIDA Board, collectively and individually, to provide my office with relevant documentations and/…

Govt rules out SOE bailout … as Air Namibia remains grounded

ObserverObserver MoneyCovid-19, Public Enterprises minister Leon Jooste

Staff Writer Public Enterprises minister Leon Jooste maintains that the government has no immediate plans to bailout any State Owned Enterprises (SOEs) despite a number that have been hard hit by the negative impacts of COVID-19. This comes as SOEs such as Air Namibia have already raised alarm bells. The national carrier already had an existing precarious financial position which was made worse by the pandemic. Jooste, however, said the government going forward maybe be forced to come to the aid of some SOEs if the negative effects of COVID-19 become prolonged. “We are monitoring the situation continuously and assessing…