Roads Contractor Company (RCC)

Govt backtracks on RCC liquidation

Govt backtracks on RCC liquidation

Andrew Kathindi The government will no longer be going ahead with its initial plan for the possible liquidation or placement under judicial management of beleaguered state roads contractor, Roads Contractor Company (RCC). With RCC financial woes again coming to the fore, the latest being its failure to pay N$6.1 million in rent for its former building, which it now rents from the Namibia Post and Telecommunications Holdings, Public Enterprises Minister, Leon Jooste, told the Windhoek Observer on Monday that government will no longer be taking the liquidation route. “The Ministry of Public Enterprises is not pursuing the liquidation or judicial…
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