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NEPC accumulated losses for 2016/17 over N.dollars 40 million

Contributed by NAMPA.

WINDHOEK, 14 MAR (NAMPA) – The New Era Publication Corporation (NEPC) has accumulated losses amounting to N.dollars 42.5 million, while its total liabilities exceed its assets by N.dollars 21.1 million.
The corporation also failed to prove to Auditor General (AG) Junias Kandjeke how it used N.dollars 33.5 million according to the parastatal’s audit report for the 2016/17 financial year.
The report was submitted to the National Assembly (NA) by Deputy Minister of Finance, Natangwe Ithete on Tue ...



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