GIPF invested close to N$45 billion in domestic economy during 2019
The Government Institutions Pension Fund (GIPF) invested close to N$45 billion in the Namibian economy during the 2019 financial year.
- August 7th, 2020
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The Government Institutions Pension Fund (GIPF) invested close to N$45 billion in the Namibian economy during the 2019 financial year.
The Government Institutions Pension Fund (GIPF) has confirmed Namibia’s first largescale commercial blueberry harvest, produced by the Mashare Berries project, which forms part of the Spitz Capital Fund anchored in the GIPF unlisted investment programme.
When you reach 60, the last thing you want to worry about is your retirement.
As part of the global family the GIPF has joined hands with national institutions in combating the Covid-19 pandemic that is affecting societies worldwide.
President Hage Geingob has lashed back at the stinging criticism levelled against his administration when it comes to fighting corruption in the public sector.
The basic education ministry, which received the largest allocation of N $14.2 billion of the national budget, will spend about N$10.9 billion on personnel expenditure.
The Government Institutions Pension Fund (GIPF) has appealed to all former members who left employment due to retirement, resignation, ill-health, disability or retrenchment and have not claimed or received their pension benefits from GIPF to contact the HR offices of their former employers to complete a claim form with the relevant supporting documents for submission to the Fund as soon as possible.
This article analyses three Namibian heads of state of our times. Developments made by each president during his tenure of office and the challenges encountered.
The Government Institutions Pension Fund (GIPF) is aware of the outbreak of the coronavirus (Covid-19) and has taken the necessary precautions to protect its staff members by encouraging them to practice best hygienic methods such as washing their hands with soap regularly, applying alcohol-based hand sanitisers and wearing of protective gear such as masks and gloves where necessary.
After a challenging five years, rocked by weak economic growth, unemployment and an internal rebellion within the ruling party, President Hage Geingob will be looking at securing a rock-solid legacy as he starts serving his final term tomorrow.
Last week Saturday, large groups of manifestly one tribal youth sections upped the game by demanding the immediate stepping down of President Hage Geingob, in a tribal manner which left no doubt that they are a tribal grouping seeking the ouster of a democratically elected leader simply because he is not of their origin.
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The Government Institutions Pension Fund (GIPF) is a statutory pension fund that was created by the Namibian government to provide pension and other related benefits to civil servants as well as employees of participating institutions established by Acts of Parliament. GIPF is a defined pension fund that provides guaranteed pension benefits to its large membership base, and the benefits are defined in terms of the Rules of the Fund.
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The Government Institutions Pension Fund’s unqualified audit opinion for the period ended March 2019 shows that the fund’s asset base increased by 6.3% from N$111.1 billion to N$118.1 billion.
Annually the Government Institutions Pension Fund (GIPF) supports children annuitants (a child of a deceased GIPF member) by providing financial assistance towards their studies.
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RUNDU – A local company Konigstein Capital, which has a 25-year lease agreement to operate at the Mashare irrigation scheme, has installed a smart system at the farm to control centre pivots with a computer or on an iPad without physically being in the field.
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MASHARE – A local company Konigstein Capital which has a 25-year lease agreement to operate from the Mashare Irrigation Scheme in Kavango East, has set its sights on growing up to 150 hectares of blueberries for the international market.
WINDHOEK - Eliaser Abel Kavari, professionally knows as Oompie to some in the music industry says there is a scarcity of support and empowerment in the music industry in Namibia.
GIPF’s reduction of data reserve liability frees up N$1.5bn
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WINDHOEK - A group of young demonstrators on Monday demanded that the Anti-Corruption Commission (ACC) Act, as amended, should be submitted to parliament to enable the anti-graft agency to be fully operational.
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WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed the Fund’s solution upgrade from the Horizon solution to the Document Management Solution (DMS).
On Monday 11th November 2019, The Namibian newspaper carried a news article under the heading “GIPF to pay out N$5.2 billion in benefit”.
The first of October 1989 marked the official opening of the Government Institutions Pension Fund (GIPF).
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KEETMANSHOOP - Popular Democratic Movement (PDM) supporters were appealed to afford the party just one term in ruling, to effect beneficial changes for the country during the party’s star rally in
WINDHOEK - Finance minister Calle Schlettwein has assured members of parliament that the government has put in place various measures to ensure that government institutions do not suffer the same fate as
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KEETMANSHOOP - //Kharas regional governor Lucia Basson expressed sincere hope that her plea to the Government Institutions Pension Fund (GIPF) for more investments in the region will not fall on deaf ears.
OSHAKATI – Muuna walilimo zemashumi asilezi kazelobañwi (69), yanyazwa hala kutondahala kwabolulelule
OUTAPI - Swapo has made an impassioned plea to members and potential voters, asking them not to abandon the ruling party in its hour of need.
OSHAKATI - A 69-year-old man, charged under the Insolvency Act and also with fraud into the missing
WINDHOEK - The Government Institutions Pension Fund (GIPF) is excited to announce the celebration of its
WINDHOEK – The Namibian media yesterday awoke to the news of the passing of journalist Patience Nyangove who died in a local hospital in the early morning hours.
WINDHOEK – The Teachers Union of Namibia (TUN) has given Prosecutor-General Martha Imalwa three months to start with the prosecution process in the N$600 million Government Institutions Pension Fund
Windhoek – Mbunga zovadinkantu vaSWAPO kuna kuhundira asi vatulisepo etarururo lyonomvhura edi nakara muhahendentoni momberewa. Yipo asi ogu ana karamo ngesi nage yimugume asikisemo siruwo
WINDHOEK - Air Namibia has confirmed the appointment of Escher Luanda as new chairperson of its board of directors, effective from Monday this week.
WINDHOEK – Out of the N$661.2 million the Government Institutions Pension Fund (GIPF) disbursed to 21 companies, by way of equity and debt, between 1995 and 2005 through the now defunct Development
WINDHOEK – The Swapo Party Youth League (SPYL) has called for the revision of the prosecutor-general’s job so that it has a term limit for its incumbents.
The increase in both criminal and civil cases means that more records are being created within the judiciary. These records ought to be managed properly as it fulfills important functions of the judiciary by
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WINDHOEK – The Government Institutions Pension Fund (GIPF) issued a statement late last week saying it has taken note of the pronouncement made on August 21 by the Prosecutor General on the investigation into
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WINDHOEK- Minister of Finance Calle Schlettwein has described the reported loss of around N$600 million in cash belonging to Government Institutions Pension Fund (GIPF) members, as “a sad day for Namibia”.
WINDHOEK- Leader of the official opposition, Popular Democratic Movement (PDM), McHenry Venaani has called on Prosecutor-General Martha Imalwa to step down as the head of the prosecution authority.
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WINDHOEK – Prosecutor General (PG) Martha Imalwa yesterday confirmed that one person – whose identity she withheld – has been charged under the Insolvency Act and also with fraud into the missing millions of the Government Institutions Pension Fund (GIPF).
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GIPF continues to be a proud participant at the Ongwediva Annual Trade Fair. At this year’s Trade Fair, GIPF will focus on running a massive data clean-up campaign.
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed that it will embark on an extensive Financial Literacy Campaign, which will run from August 05, 2019 to August 30, 2019.
WINDHOEK - The Government Institutions Pension Fund (GIPF) says it has set aside N$1.5 billion in reserves to make provision for any inaccuracies with the current data set.
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Selby Sibeya, as the new Chief Executive Officer of Kuleni Fund Administrators (Pty) Ltd, a wholly owned
WINDHOEK - The Government Institutions Pension Fund (GIPF) hosted the second regional stakeholders’
WINDHOEK – The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Desmond Nikanor as its Strategy and Projects Manager. Nikanor’s appointment is effective as of 01 April 2019.
WINDHOEK - The Government Institutions Pension Fund (GIPF) has urged all annuitants such as pensioners, children and spouses that receive a monthly pension benefit from GIPF to visit their nearest GIPF office to register for Biometrics.
WINDHOEK - The Government Institutions Pension Fund (GIPF) yesterday officially opened its branch in Eenhana, situated in Onawa complex, Tobias Harelbeke Street. The opening of the branch was necessitated by the outcry for more accessible services in the Ohangwena Region and it is aligned to the Fund’s overall corporate strategy.
WINDHOEK - The Government Institutions Pension Fund (GIPF) has urged all members to visit their Human Resource officers from their respective institutions, to update their Beneficiary Nomination forms. Members must ensure that the names and date of births of their dependants (beneficiaries) and nominees accurately appear on the forms as they reflect on their national documents.
WINDHOEK - A group of former People’s Liberation Army of Namibia (Plan) combatants recognised as war veterans led by Nkrumah Mushelenga has initiated an investment trust to help war veterans.
WINDHOEK - The Government Institutions Pension Fund (GIPF) has confirmed the recent appointment of Morna Ikosa as its new Communications and Stakeholder Engagement manager.
WINDHOEK – FirstRand Namibia says it has 2 886 registered shareholders of which 2 760 are Namibian – who together own almost 103 million shares valued at more than N$4.6 billion as of June 2018.
WINDHOEK - The turnaround strategies deployed by Government Institutions Pension Fund (GIPF) over the past five years were highly successful and have shown that with the right combination of factors, organisations can meet challenges head on, CEO David Nuyoma said yesterday.
Namibians fought bravely for her national independence, sacrificing in the process its beloved sons and daughters for a just cause to politically and economically determine its destiny.
WINDHOEK – The Government Institutions Pension Fund (GIPF), one of the largest Namibian beneficiary shareholders in Shoprite Holdings, has spoken out against the ill treatment of workers and indecent wages at Shoprite, as well as its support for the calls for Shoprite to drop the lawsuit against its workers.
GIPF aims to be a model pension fund in the global arena
GIPF considers increasing local investments to stimulate economy
David Nuyoma on transforming GIPF and DCP lessons
Capricorn Group celebrates five-year listing anniversary
Limembala za ndu ya mulao banyaza mali apabalelo
GIPF to enhance members outreach programme
Shack Dwellers build 4,960 houses in 2017/18
Over 75% of MoE budget reserved for personnel
GIPF will consider MTC shares after “due diligence”
Revealed: Spending from Namibia’s emergency fund
NPTH says conquest of mobile operators is no monopoly
GIPF requests students to submit proof of enrolment
Is your GIPF membership status up to date?
GCR issues Bank Windhoek with favourable credit rating
Unqualified teachers recruited due to ‘high demand’
GIPF invests N$4bn through unlisted investments since 2010
GIPF’s total assets account for 64% of Namibia’s GDP
GIPF introduces online member portal at OATF
President instructs Jooste to probe Namdia
GIPF investment in Bank Windhoek – an interesting private initiative
Government Institutions Pension Fund (GIPF)
Government Institutions Government Pension Fund (GIPF)
Government Institutions Pension Fund (GIPF)
Progress in probe of GIPF missing millions
GIPF invests in CRM software to enhance customer service
GIPF asset value nearing N$100 billion mark
GIPF’s N$2 billion Capricorn deal approved
GIPF: From despised villain to admired hero
More than 2 300 households still use bucket system
SONA: President implored to speak on corruption
There won't be knee-jerk reaction to RSA downgrade
GIPF introduces new rulebook to housing market
GIPF Ceo explains Osona housing investment
GIPF acquires 25% of Capricorn for N$2 billion
‘Mitiri Katangolo was a loving disciplinarian’
OFFICE OF THE VICE PRESIDENT: VETERANS AFFAIRS
GIPF launches new B1 City Client Services Satellite Office
Government is not broke and can honour its obligations - Schlettwein
High cost of building still impacts middle and low-income earners more
Geingob unveils massive housing scheme at Osona
Tracing of GIPF’s unenrolled annuitants to be done at Ongwediva fair
Financial services gear up for second banking and insurance forum
Ndeitunga expects prosecutions in N$660 million GIPF fraud
N$1,2 billion set aside for unclaimed GIPF benefits
Swapo elders want pensioners to be exempted from taxes
Mungunda and Gawanas appointed to MultiChoice board
Farmer murder witness describes shocking discovery
Unpacking the Harambee Prosperity Plan - Part 8
Foreign reserves adequate for CMA agreement
GIPF takes member education to Zambezi Region
Alleged Katutura Strangler’s case postponed to September
Higher interest rates are coming … a look at the winners and losers
Unions reject Cabinet early retirement proposal
Parliament to discuss re-appointment of ACC chiefs
Schlettwein refutes ‘Govt cash crunch hits Katutura hospital’
We want fair salaries, not pennies – govt workers
‘Clashing trade fair dates are counter-productive’
Engela raises funds for Omundudu Combined School library
Bidvest’s fight for fish and business survival
Samson takes over the reins at Air Namibia
Reborn GIPF now boasts N$90 billion in assets
Namibian bank charges higher than elsewhere in the world
Re-investing in Namibia is a business imperative
Nudo unhappy that whites still own most farms
Over 1 000 families to benefit from new Osona Village
GIPF now worth N$81 billion… but still no word on missing N$660m
Electronic transactions boost FNB footprint
Shot for wanting a share of the national cake
Motivation for Constitutional Third Amendment Bill
Cash loans run dry …as Namibians borrow less
GIPF increases pensions well above inflation
NHE calls for co-ordinated effort in mass housing
GIPF launches eagerly awaited housing scheme
Nampower advised to explore local funding options
GIPF is an offspring of workers’ contribution
DIESCHO’S DICTUM - The Seven Cardinal Virtues of the Namibian Nation
Yes, there’s corruption! ACC not doing much?
Great results enable WCCR to repay GIPF loan early
GIPF wants takers of its Unlisted Investment Policy
Get a share of GIPF’s Unlisted Investment Portfolio
Decentralisation Gains Momentum: Prospects and Challenges
Decentralisation Gains Momentum: Prospects and Challenges
GIPF Does About Face on Sacking KAT Directors
Bogus Consultants Exploit Bereaved Families
GIPF Trustees - What have you done with my money?
Can't Explain Where President's Money Went
Strategies for Housing Schemes Are Outside the Namibian Context
FNB the Market Leader in Home Loans - Results
Accountant General 'Culturally Disturbed' by Transfer