NaCC reached only 56% of its annual target

Martin Endjala

The Office of the Auditor-General has found the Namibia Competition Commission (NaCC) to have fallen behind in implementing its annual plan fully.

According to the auditor general, Junias Kandjeke his office noted that the commission only implemented 56% of the key performance targets (34 out of 61) for the 2023/24 strategic review period.

“It is recommended that the commission ensure that all performance targets are achieved at year-end,” he recommended.

The NaCC financial year ended on 31 March.

Despite the findings, Kandjeke said that the financial statements accurately depict the financial position, financial performance, and cash flows of the NaCC for the year ended.

The financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS).

The report pointed out that management is responsible for assessing the entity’s ability to continue as a going concern.

NaCC spokesperson Dina ||Gowases explained that during the year under review, the commission had financial constraints and thus could not carry out all the strategic goals.

“The Commission hopes to achieve all the set goals during the next financial year, subject to the availability of resources,” she said.

She said the focus of risk management in the commission is identifying, assessing, managing, and monitoring all known forms of risk across the organisation.

While operating risk cannot be fully eliminated, ||Gowases said the commission endeavours to minimise it by ensuring that appropriate infrastructure control systems and ethical behaviour are applied and managed within predetermined procedures and constraints.

Related Posts