Ndilula clarifies GIPF ‘misrepresentations’

By Confidente Reporter

AS a service provider to the Government Institutions Pension Fund (GIPF) and also an Unlisted Investment Fund Manager, Business Financial Solutions (BFS) managing director, Kauna Ndilula has moved to clarify ‘misrepresentations’ made by Windhoek Mayor, Job Amupanda on GIPF.

Last week, Amupanda made statements on GIPF’s membership benefits, alleging that the fund only pays out one-third of members’ pension money upon retirement while two-thirds remains with the fund.

In response, Ndilula noted that it was fiction that GIPF favoured a few managers referring to the competitive selection process for Unlisted Investment Services of December 2008 under EOI Number: GIPF EO1010/2008 and others were many applications were received and those that submitted meaningful concepts were selected.

“Many of those managers delivered catalytic interventions in the Namibian society, capacitating many entrepreneurs and growing businesses. There is thus no reason to single out a few black managers, promoting the notion that black people cannot perform based on pure ability but only through some favour or corruption. Let’s shy away from the crab syndrome!

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