'MVAF's finances not in shambles'
The MVAF has achieved or exceeded most of the targets set for the year.
SWAKOPMUND – The finances of the Motor Vehicle Accident Fund (MVAF) are in an excellent state this year, according to Rosalia Hausiku, the chief executive officer of the fund.
“I can confidently say media reports that our finances are in shambles are part of the past. We managed to attain N$1 billion in assets as of February 2017. This is a first in the history of the fund,” she said.
Hausiku said most of the MVAF year targets were either exceeded or reached. An investment target of N$38 million was set, while N$56 million was invested.
The fund aimed for 85% customer satisfaction and achieved 93%. The stakeholders' satisfaction goal stood at 80% and was reached.
“We also managed to rehabilitate 157 people who were involved in car accidents,” Hausiku said.
She said the lives of those involved in accidents were further improved by returning 250 of them to work, while 30 were returned to school. Another 103 who could not go to work or school returned to the community.
Hausiku said although crashes decreased by 6% during the period under review, fatalities increased by 7%. “Our aim is to reduce fatalities and as you can see we did not, it probably tripled. This calls for more collective efforts to reduce crashes and fatalities on our roads,” she said.
The partnership with the Namibia University of Science and Technology (NUST) to train paramedics is successful. “We have now produced four advance life support staff at the fund. These are the first to graduate in the country, meaning they are our own products.” She said the good performance did not mean there were no challenges. “It is not all perfect and there are still challenges we need to address.” - Nampa
“I can confidently say media reports that our finances are in shambles are part of the past. We managed to attain N$1 billion in assets as of February 2017. This is a first in the history of the fund,” she said.
Hausiku said most of the MVAF year targets were either exceeded or reached. An investment target of N$38 million was set, while N$56 million was invested.
The fund aimed for 85% customer satisfaction and achieved 93%. The stakeholders' satisfaction goal stood at 80% and was reached.
“We also managed to rehabilitate 157 people who were involved in car accidents,” Hausiku said.
She said the lives of those involved in accidents were further improved by returning 250 of them to work, while 30 were returned to school. Another 103 who could not go to work or school returned to the community.
Hausiku said although crashes decreased by 6% during the period under review, fatalities increased by 7%. “Our aim is to reduce fatalities and as you can see we did not, it probably tripled. This calls for more collective efforts to reduce crashes and fatalities on our roads,” she said.
The partnership with the Namibia University of Science and Technology (NUST) to train paramedics is successful. “We have now produced four advance life support staff at the fund. These are the first to graduate in the country, meaning they are our own products.” She said the good performance did not mean there were no challenges. “It is not all perfect and there are still challenges we need to address.” - Nampa
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