Preservation retirement fund still unwelcome

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The working class of Keetmanshoop, Aroab, Tses, and Berseba have rejected a draft regulation to preserve retirement benefits. 

It is proposed in the new Financial Institutions and Markets Act (FIMA), governing pension funds, that at least 75% of a pension must be retained as retirement savings until the retirement age of sixty.

This means they will only be allowed to withdraw up to 20% of these savings before retirement.

Oosterheim Combined School Receives New Classrooms

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The Regional Education Director in ||Kharas, |Awebahe  ||Hoeseb, commended the Anglo-American Namibian Foundation for providing nearly N$1 million for the construction of two classrooms, a storeroom, and ablution facilities at the Oosterheim Combined School in the village of Aroab.

Oosterheim Combined School was established in 1975 and currently has 30 teachers with 842 learners from grade 1 up to grade 11.

The school mainly caters to the rural community in and around Aroab.