NEEEF meaningless without 25 per cent clause: Venaani
Contributed by NAMPA.
WINDHOEK, 17 APR (NAMPA) - Without the 25 per cent equity clause, the New Equitable Economic Empowerment Framework (NEEEF) is meaningless, Popular Democratic Movement (PDM) President McHenry Venaani has said.
Delivering the State of the Nation Address here last week, President Hage Geingob announced that the clause will be done away with.
The decision to remove the clause was premised on the fact that disadvantaged Namibians do not have resources to invest in empowerment transactions, nor are t ...