11
Mar
Erasmus Shalihaxwe Sources within the Development Bank of Namibia (DBN) told the Windhoek Observer that the bank’s former boss, John Steytler, was presented with an ultimatum to either resign or face suspension. The specific reasons for this decision remain undisclosed. Steytler resigned with immediate effect on Tuesday. Speculation has also emerged that there is potential that he may be appointed as a cabinet minister under president-elect Netumbo Nandi-Ndaitwah’s incoming cabinet either as finance minister or director general of planning. Steytler has, however, denied these claims. ““You can quote me on this; I’m definitely not going to Cabinet,” he told the…