18
Nov
Wendall Uiseb As an economics graduate observing Namibia’s financial policy debates, I have been fascinated by the clash between the Ministry of Finance and the country’s top regulators over the payroll deduction management system (PDMS). Recently, the Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (Namfisa) have confirmed their opposition to the Ministry’s directive to abolish PDMS. This revelation, contained in position papers filed in the Entrepo Finance v. Minister of Finance High Court case, highlights a troubling contradiction: the Ministry’s policy direction runs directly against the recommendations of its own regulators. NAMFISA’s position paper on payroll…
