17
Sep
When the Namibian government announced that, effective 30 November 2025, it will suspend the deduction code system for public servants, the news landed like a thunderclap across the financial sector. On paper it may look like a simple administrative tweak, removing the ability for lenders and insurers to collect repayments directly from civil servants’ salaries. In reality, it threatens to upend a seven-billion-dollar ecosystem of term-lenders, microlenders and insurance providers whose business models hinge on deduction at source (DAS). The immediate poster-child of the disruption is Letshego Namibia, which according to Simonis Storm researcher Kara van den Heever originates 96%…