State Owned Enterprises (SOEs)

Board members mass exodus on the horizon  …as new cabinet directive takes effect

Board members mass exodus on the horizon …as new cabinet directive takes effect

Andrew Kathindi, Tujoromajo Kasuto State Owned Enterprises (SOEs) could see a mass exodus in the following months and years, with a new Cabinet directive baring Chief Executive Officers (CEOs) of SOEs serving on the board of other SOEs. The development was confirmed by Public Enterprises Minister, Leon Jooste. The new directive is the reason why Namibia Revenue Agency (NamRA) Commissioner, Sam Shivute, will not be considered for reappointment as board Chairperson of the National Housing Enterprise (NHE). Shivute had previously admitted failure during his tenure at the NHE, which is currently faced with a leadership crisis pitting senior management against…
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