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GIPF continues to face scrutiny on N$815 million losses
Published 11 months, 2 weeks ago
Description
Namibia’s largest pension fund, the Government Institutions Pension Fund (GIPF), is under intense scrutiny following reports of losses of up to N$815 million in underperforming offshore investments.
Trade Union Congress of Namibia secretary general Mahongora Kavihua has voiced sharp concern, stating that the fund seems to treat losses as routine.
He speaks to Desert FM about what unions are demanding.