N$600m down the drain

The country's top prosecutor says it is regrettable that N$600 million has been lost to the country.
Ellanie Smit
  • 5 Year Ago - 2019-08-22 00:00:00
Any hopes of Namibia recovering the over N$600 million lost in the Government Institutions Pension Fund (GIPF) scandal have been dashed. Prosecutor-General Martha Imalwa confirmed
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Namibian Sun 2025-02-12

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Katima Mulilo: 19° | 27° Rundu: 19° | 26° Eenhana: 18° | 22° Oshakati: 19° | 24° Ruacana: 19° | 22° Tsumeb: 19° | 25° Otjiwarongo: 18° | 28° Omaruru: 20° | 31° Windhoek: 19° | 30° Gobabis: 19° | 28° Henties Bay: 18° | 22° Wind speed: 21km/h, Wind direction: W, Low tide: 09:43, High tide: 03:43, Low Tide: 21:49, High tide: 15:55 Swakopmund: 17° | 18° Wind speed: 17km/h, Wind direction: W, Low tide: 09:41, High tide: 03:41, Low Tide: 21:47, High tide: 15:53 Walvis Bay: 17° | 21° Wind speed: 21km/h, Wind direction: W, Low tide: 09:41, High tide: 03:40, Low Tide: 21:47, High tide: 15:52 Rehoboth: 20° | 32° Mariental: 23° | 35° Keetmanshoop: 26° | 36° Aranos: 22° | 33° Lüderitz: 19° | 35° Ariamsvlei: 24° | 36° Oranjemund: 16° | 26° Luanda: 25° | 27° Gaborone: 20° | 28° Lubumbashi: 17° | 21° Mbabane: 17° | 31° Maseru: 16° | 28° Antananarivo: 17° | 24° Lilongwe: 19° | 27° Maputo: 21° | 37° Windhoek: 19° | 30° Cape Town: 18° | 22° Durban: 21° | 27° Johannesburg: 16° | 28° Dar es Salaam: 26° | 31° Lusaka: 18° | 23° Harare: 17° | 23° Currency: GBP to NAD 22.98 | EUR to NAD 19.16 | CNY to NAD 2.53 | USD to NAD 18.51 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.2 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 134.8 | USD to AOA 912 | USD to BWP 13.85 | USD to EGP 50.43 | USD to KES 129.22 | USD to NGN 1498.78 | USD to ZAR 18.51 | USD to ZMW 28.04 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 87562.75 Down -0.23% | Namibian Stock Exchange (NSX) Overall Index 1776.45 Down -1.17% | Casablanca Stock Exchange (CSE) MASI 16272.94 Down -0.46% | Egyptian Exchange (EGX) 30 Index 29564.21 Down -1.14% | Botswana Stock Exchange (BSE) DCI 10080.51 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$ 2 891.40/OZ DOWN -0.0025 | Copper US$ 4.58/lb UP +0.12% | Zinc US$ 2 857.30/T UP 0.77% | Brent Crude Oil US$ 77.10/BBP DOWN -0.0017 | Platinum US$ 1 028.04/OZ UP +0.12% Sport results: Weather: Katima Mulilo: 19° | 27° Rundu: 19° | 26° Eenhana: 18° | 22° Oshakati: 19° | 24° Ruacana: 19° | 22° Tsumeb: 19° | 25° Otjiwarongo: 18° | 28° Omaruru: 20° | 31° Windhoek: 19° | 30° Gobabis: 19° | 28° Henties Bay: 18° | 22° Wind speed: 21km/h, Wind direction: W, Low tide: 09:43, High tide: 03:43, Low Tide: 21:49, High tide: 15:55 Swakopmund: 17° | 18° Wind speed: 17km/h, Wind direction: W, Low tide: 09:41, High tide: 03:41, Low Tide: 21:47, High tide: 15:53 Walvis Bay: 17° | 21° Wind speed: 21km/h, Wind direction: W, Low tide: 09:41, High tide: 03:40, Low Tide: 21:47, High tide: 15:52 Rehoboth: 20° | 32° Mariental: 23° | 35° Keetmanshoop: 26° | 36° Aranos: 22° | 33° Lüderitz: 19° | 35° Ariamsvlei: 24° | 36° Oranjemund: 16° | 26° Luanda: 25° | 27° Gaborone: 20° | 28° Lubumbashi: 17° | 21° Mbabane: 17° | 31° Maseru: 16° | 28° Antananarivo: 17° | 24° Lilongwe: 19° | 27° Maputo: 21° | 37° Windhoek: 19° | 30° Cape Town: 18° | 22° Durban: 21° | 27° Johannesburg: 16° | 28° Dar es Salaam: 26° | 31° Lusaka: 18° | 23° Harare: 17° | 23° Economic Indicators: Currency: GBP to NAD 22.98 | EUR to NAD 19.16 | CNY to NAD 2.53 | USD to NAD 18.51 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.2 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 134.8 | USD to AOA 912 | USD to BWP 13.85 | USD to EGP 50.43 | USD to KES 129.22 | USD to NGN 1498.78 | USD to ZAR 18.51 | USD to ZMW 28.04 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 87562.75 Down -0.23% | Namibian Stock Exchange (NSX) Overall Index 1776.45 Down -1.17% | Casablanca Stock Exchange (CSE) MASI 16272.94 Down -0.46% | Egyptian Exchange (EGX) 30 Index 29564.21 Down -1.14% | Botswana Stock Exchange (BSE) DCI 10080.51 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$ 2 891.40/OZ DOWN -0.0025 | Copper US$ 4.58/lb UP +0.12% | Zinc US$ 2 857.30/T UP 0.77% | Brent Crude Oil US$ 77.10/BBP DOWN -0.0017 | Platinum US$ 1 028.04/OZ UP +0.12%


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