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EDITORIAL: When state coffers run dry

At various stages since our democracy was born 33 years ago, a coterie of the connected have feasted on the state largesse, as monies spent on projects ended up buying sports cars and building mansions for tenderpreneurs.

When we should have focused on industrialisation, our bones were being picked clean. When we should have invested in real job creation, we gave tender magnates leeway to rake in millions without even finishing government projects. The Targeted Intervention Programme for Employment and Economic Growth (Tipeeg) is a case in point, with sordid examples of unfinished essential projects scattering the Namibian landscape.

We have allowed impunity to become our national sport. We literally believe that we can put the fox in charge of the henhouse and still find our chickens alive when we return home from our daily toils.

Our state-owned enterprises have been run like there is an endless stream of golden eggs being laid by a fairy-tale goose, and now face uncertain futures amid union fury when talks of potential job cuts and restructuring emerge.

Other countries look at our cabinet and civil service and must believe we have 250 million people instead of 2.5 million. What the Covid-19 pandemic essentially did is increase the tempo of a shake-up that must happen in order to address the unrepentant feasting that has characterised how state coffers have been handled.

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Namibian Sun 2024-09-22

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Currie Cup: Fidelity ADT Lions 14 vs 16 Hollywoodbets Sharks XV Rugby Championship: Argentina 29 vs 28 Springboks | Australia 28 vs 31 New Zealand Premier League: Manchester City 2 vs 2 Arsenal | Brighton 2 vs 2 Nottingham Forest | Crystal Palace 0 vs 0 Manchester United | Tottenham Hotspur 3 vs 1 Brentford | Southampton 1 vs 1 Ipswich Town | Liverpool 3 vs 0 Bournemouth | Leicester City 1 vs 1 Everton | Fulham 3 vs 1 Newcastle | Aston Villa 3 vs 1 Wolves | West Ham 0 vs 3 Chelsea LaLiga: Athletic Club 3 vs 1 Celta Vigo | Getafe 1 vs 1 Leganés | Real Madrid 4 vs 1 Espanyol | Valencia 2 vs 0 Girona | Osasuna 2 vs 1 Las Palmas | Real Valladolid 0 vs 0 Real Sociedad | Deportivo Alaves 2 vs 1 Sevilla | Leganés 0 vs 2 Athletic Club SerieA: AS Roma 3 vs 0 Udinese | Monza 1 vs 2 Bologna | Fiorentina 2 vs 1 SS Lazio | Lecce 2 vs 2 Parma | Juventus 0 vs 0 Napoli | Venezia 2 vs 0 Genoa | Hellas Verona 2 vs 3 Torino | Cagliari 0 vs 2 Empoli European Championships Qualifying: Preston North End 0 vs 0 Blackburn Rovers | West Bromwich Albion 1 vs 0 Plymouth Argyle | Sheffield United 1 vs 0 Derby County | Luton Town 2 vs 1 Sheffield Wednesday | Coventry City 1 vs 2 Swansea City | Cardiff City 0 vs 2 Leeds United | Burnley 2 vs 1 Portsmouth | Bristol City 2 vs 1 Oxford United | Sunderland 1 vs 0 Middlesbrough | Queens Park Rangers 1 vs 1 Millwall FC | Norwich City 4 vs 1 Watford | Stoke City 1 vs 3 Hull City English Championship: Preston North End 0 vs 0 Blackburn Rovers | West Bromwich Albion 1 vs 0 Plymouth Argyle | Sheffield United 1 vs 0 Derby County | Luton Town 2 vs 1 Sheffield Wednesday | Coventry City 1 vs 2 Swansea City | Cardiff City 0 vs 2 Leeds United | Burnley 2 vs 1 Portsmouth | Bristol City 2 vs 1 Oxford United | Sunderland 1 vs 0 Middlesbrough | Queens Park Rangers 1 vs 1 Millwall FC | Norwich City 4 vs 1 Watford | Stoke City 1 vs 3 Hull City F1: Singapore GP First:Lando Norris McLaren 01:40:53 Second:Max Verstappen Red Bull + 00:00:20.945 Third:Oscar Piastri McLaren + 00:00:41.823 Katima Mulilo: 18° | 34° Rundu: 21° | 35° Eenhana: 22° | 35° Oshakati: 22° | 35° Ruacana: 21° | 36° Tsumeb: 21° | 31° Otjiwarongo: 19° | 31° Omaruru: 18° | 33° Windhoek: 16° | 29° Gobabis: 17° | 30° Henties Bay: 13° | 22° Wind speed: 19km/h, Wind direction: S, Low tide: 07:45, High tide: 14:07, Low Tide: 20:11, High tide: 02:00 Swakopmund: 13° | 16° Wind speed: 18km/h, Wind direction: SW, Low tide: 07:43, High tide: 14:05, Low Tide: 20:09, High tide: 02:00 Walvis Bay: 12° | 23° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:43, High tide: 14:04, Low Tide: 20:09, High tide: 02:00 Rehoboth: 17° | 31° Mariental: 19° | 34° Keetmanshoop: 20° | 35° Aranos: 17° | 33° Lüderitz: 14° | 22° Ariamsvlei: 19° | 35° Oranjemund: 15° | 24° Luanda: 22° | 23° Gaborone: 10° | 25° Lubumbashi: 19° | 33° Mbabane: 7° | 19° Maseru: 8° | 20° Antananarivo: 14° | 28° Lilongwe: 17° | 23° Maputo: 13° | 23° Windhoek: 16° | 29° Cape Town: 15° | 28° Durban: 12° | 23° Johannesburg: 9° | 21° Dar es Salaam: 23° | 32° Lusaka: 16° | 23° Harare: 12° | 26° Currency: GBP to NAD 23.26 | EUR to NAD 19.53 | CNY to NAD 2.47 | USD to NAD 17.5 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.15 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.91 | USD to AOA 927.77 | USD to BWP 13.17 | USD to EGP 48.46 | USD to KES 128.48 | USD to NGN 1593.37 | USD to ZAR 17.42 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1831.97 Down -0.38% | Casablanca Stock Exchange (CSE) MASI 14246.86 Up +0.44% | Egyptian Exchange (EGX) 30 Index 30937.69 Up +1.96% | Botswana Stock Exchange (BSE) DCI 9651.25 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 622.23/OZ UP +1.35% | Copper US$ 4.31/lb DOWN -0.0032 | Zinc US$ 2 884.80/T DOWN -0.23% | Brent Crude Oil US$ 74.74/BBP DOWN -0.0019 | Platinum US$ 976.09/OZ DOWN -0.0067 Sport results: Currie Cup: Fidelity ADT Lions 14 vs 16 Hollywoodbets Sharks XV Rugby Championship: Argentina 29 vs 28 Springboks | Australia 28 vs 31 New Zealand Premier League: Manchester City 2 vs 2 Arsenal | Brighton 2 vs 2 Nottingham Forest | Crystal Palace 0 vs 0 Manchester United | Tottenham Hotspur 3 vs 1 Brentford | Southampton 1 vs 1 Ipswich Town | Liverpool 3 vs 0 Bournemouth | Leicester City 1 vs 1 Everton | Fulham 3 vs 1 Newcastle | Aston Villa 3 vs 1 Wolves | West Ham 0 vs 3 Chelsea LaLiga: Athletic Club 3 vs 1 Celta Vigo | Getafe 1 vs 1 Leganés | Real Madrid 4 vs 1 Espanyol | Valencia 2 vs 0 Girona | Osasuna 2 vs 1 Las Palmas | Real Valladolid 0 vs 0 Real Sociedad | Deportivo Alaves 2 vs 1 Sevilla | Leganés 0 vs 2 Athletic Club SerieA: AS Roma 3 vs 0 Udinese | Monza 1 vs 2 Bologna | Fiorentina 2 vs 1 SS Lazio | Lecce 2 vs 2 Parma | Juventus 0 vs 0 Napoli | Venezia 2 vs 0 Genoa | Hellas Verona 2 vs 3 Torino | Cagliari 0 vs 2 Empoli European Championships Qualifying: Preston North End 0 vs 0 Blackburn Rovers | West Bromwich Albion 1 vs 0 Plymouth Argyle | Sheffield United 1 vs 0 Derby County | Luton Town 2 vs 1 Sheffield Wednesday | Coventry City 1 vs 2 Swansea City | Cardiff City 0 vs 2 Leeds United | Burnley 2 vs 1 Portsmouth | Bristol City 2 vs 1 Oxford United | Sunderland 1 vs 0 Middlesbrough | Queens Park Rangers 1 vs 1 Millwall FC | Norwich City 4 vs 1 Watford | Stoke City 1 vs 3 Hull City English Championship: Preston North End 0 vs 0 Blackburn Rovers | West Bromwich Albion 1 vs 0 Plymouth Argyle | Sheffield United 1 vs 0 Derby County | Luton Town 2 vs 1 Sheffield Wednesday | Coventry City 1 vs 2 Swansea City | Cardiff City 0 vs 2 Leeds United | Burnley 2 vs 1 Portsmouth | Bristol City 2 vs 1 Oxford United | Sunderland 1 vs 0 Middlesbrough | Queens Park Rangers 1 vs 1 Millwall FC | Norwich City 4 vs 1 Watford | Stoke City 1 vs 3 Hull City F1: Singapore GP First:Lando Norris McLaren 01:40:53 Second:Max Verstappen Red Bull + 00:00:20.945 Third:Oscar Piastri McLaren + 00:00:41.823 Weather: Katima Mulilo: 18° | 34° Rundu: 21° | 35° Eenhana: 22° | 35° Oshakati: 22° | 35° Ruacana: 21° | 36° Tsumeb: 21° | 31° Otjiwarongo: 19° | 31° Omaruru: 18° | 33° Windhoek: 16° | 29° Gobabis: 17° | 30° Henties Bay: 13° | 22° Wind speed: 19km/h, Wind direction: S, Low tide: 07:45, High tide: 14:07, Low Tide: 20:11, High tide: 02:00 Swakopmund: 13° | 16° Wind speed: 18km/h, Wind direction: SW, Low tide: 07:43, High tide: 14:05, Low Tide: 20:09, High tide: 02:00 Walvis Bay: 12° | 23° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:43, High tide: 14:04, Low Tide: 20:09, High tide: 02:00 Rehoboth: 17° | 31° Mariental: 19° | 34° Keetmanshoop: 20° | 35° Aranos: 17° | 33° Lüderitz: 14° | 22° Ariamsvlei: 19° | 35° Oranjemund: 15° | 24° Luanda: 22° | 23° Gaborone: 10° | 25° Lubumbashi: 19° | 33° Mbabane: 7° | 19° Maseru: 8° | 20° Antananarivo: 14° | 28° Lilongwe: 17° | 23° Maputo: 13° | 23° Windhoek: 16° | 29° Cape Town: 15° | 28° Durban: 12° | 23° Johannesburg: 9° | 21° Dar es Salaam: 23° | 32° Lusaka: 16° | 23° Harare: 12° | 26° Economic Indicators: Currency: GBP to NAD 23.26 | EUR to NAD 19.53 | CNY to NAD 2.47 | USD to NAD 17.5 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.15 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.91 | USD to AOA 927.77 | USD to BWP 13.17 | USD to EGP 48.46 | USD to KES 128.48 | USD to NGN 1593.37 | USD to ZAR 17.42 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1831.97 Down -0.38% | Casablanca Stock Exchange (CSE) MASI 14246.86 Up +0.44% | Egyptian Exchange (EGX) 30 Index 30937.69 Up +1.96% | Botswana Stock Exchange (BSE) DCI 9651.25 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 622.23/OZ UP +1.35% | Copper US$ 4.31/lb DOWN -0.0032 | Zinc US$ 2 884.80/T DOWN -0.23% | Brent Crude Oil US$ 74.74/BBP DOWN -0.0019 | Platinum US$ 976.09/OZ DOWN -0.0067