The abstract concludes that legislative protection of retirement benefits is available before these benefits accrue to members, there is, however, controversy whether this protection remains intact when these benefits have accrued to members, but not paid yet.
The fact that funds eventually paid out around N$ 6 million over the quarter following NAMFISA’s enquiry does not mean that they would not have paid otherwise.
Namibia has a lot of other virtues to offer! The saying goes – if you snooze, you loose. Will Nambia seize on this opportunity?