Extended Levies reduction bites parastatal ….August fuel maintained

Obrein Simasiku Parastatals benefitting from fuel levies must brace for the worst, as the Ministry of Mines and Energy has resolved to extend the levy reduction amnesty until further notice, thus lengthening the financial difficulties of companies such as the Motor Vehicle Accident Fund, Natis and Namcor whose levies were cut by 25% and 50%. The companies are crying as they feel the financial crunch, which has already led to some streamlining their operations and reduce the provision of much needed services to the public. MVA Fund said they were losing about N$11 million in a month, and by December…