The more than 20-year-old Erongo Sea Products Joint Venture is threatened by allegations that the South African shareholders are shortchanging their Namibian partners.

The JV in which South African Oceana Group holds a majority stake through its Namibian subsidiary, Erongo Marine Enterprises, could collapse, following an independent legal opinion indicating that several agreements were contravened in favour of the South African conglomerate.

South African President Cyril Ramaphosa will undertake a working visit to Windhoek tomorrow to pay his respects following the passing of President Hage Geingob.

A statement from the South African Presidency says President Ramaphosa reiterates, on behalf of the government and people of South Africa, his deep condolences to the government and people of Namibia, especially the widow, Madame Monica Geingos.