Fat salaries proposed at Namra
Fat salaries proposed at Namra

Fat salaries proposed at Namra

Namra head Sam Shivute says the proposed astronomical salaries at the new agency are commensurate with the task of collecting billions in state revenues.
Herma Prinsloo
TUYEIMO HAIDULA

OSHAKATI

Management at newly launched Namibia Revenue Agency (Namra) have proposed high salaries for the themselves and the organisation’s employees – including a maximum of N$2.7 million for its commissioner, Sam Shivute.

Launched in April this year, the agency will serve as a semi-autonomous agency of government tasked to assess tax and collect state revenue under the supervision of the ministry of finance.

Executives at the agency will be among the top earners in the public enterprise space after the entity was categorised as a ‘tier three’ state-owned enterprise.

A management submission to the board of directors – seen by Namibian Sun – shows that if the maximum proposal is approved, Shivute will earn N$225 000 a month.

If the board approves the minimum annual salary proposed – of N$2.4 million – Shivute will earn just above N$200 000 a month.

Senior managers serving in the agency’s executive committee (exco) can earn up N$170 000 a month – or N$2.05 million a year.

The proposal suggests a maximum of N$1.3 million annually for the agency’s directors and N$927 000 annually for highest-earning middle managers.

Drivers at the agency will earn N$250 000 annually if the proposal is approved, while cleaners would be pegged at N$213 000 annually.

While the government has clamped down on the pay of public service bosses, no brakes have been applied to many state-owned enterprises despite many constantly knocking on the door of treasury for financial assistance.

‘Investment’

Shivute, a former Bank of Namibia executive, yesterday defended the proposed salaries as deserved under the circumstances.

“It is clear that we are going through economically trying times, however such times demand that the government put more efforts in revenue collection and increasing efficiency,” he said.

“That requires that more investment is made in resources, including human resources, which must be commensurate to the task at hand. Namra aims to do just that and salaries are within the threshold for public enterprises.”

“Do Namra employees need this money to execute their mandate? The Namra organisational structure is relative to its mandate and has been benchmarked with similar agencies operating in comparable economies,” Shivute added.

He also hit back at suggestions that the new agency has a bloated staff, saying: “The suggestion of being bloated can only be sustained if compared to similar entities and same responsibilities.”

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Namibian Sun 2024-05-04

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Premier League: Luton Town 1 vs 1 Everton | Chelsea 2 vs 0 Tottenham Hotspur LaLiga: Getafe 0 vs 2 Athletic Club SerieA: Torino 0 vs 0 Bologna Katima Mulilo: 13° | 32° Rundu: 12° | 31° Eenhana: 14° | 33° Oshakati: 15° | 32° Ruacana: 16° | 33° Tsumeb: 15° | 30° Otjiwarongo: 13° | 29° Omaruru: 12° | 31° Windhoek: 12° | 27° Gobabis: 15° | 28° Henties Bay: 15° | 21° Wind speed: 28km/h, Wind direction: S, Low tide: 06:39, High tide: 12:59, Low Tide: 18:48, High tide: 01:14 Swakopmund: 15° | 17° Wind speed: 34km/h, Wind direction: S, Low tide: 06:37, High tide: 12:57, Low Tide: 18:46, High tide: 01:12 Walvis Bay: 16° | 24° Wind speed: 39km/h, Wind direction: S, Low tide: 06:37, High tide: 12:56, Low Tide: 18:46, High tide: 01:11 Rehoboth: 13° | 28° Mariental: 16° | 31° Keetmanshoop: 16° | 31° Aranos: 14° | 29° Lüderitz: 15° | 27° Ariamsvlei: 15° | 32° Oranjemund: 13° | 22° Luanda: 24° | 28° Gaborone: 14° | 28° Lubumbashi: 12° | 26° Mbabane: 14° | 30° Maseru: 10° | 24° Antananarivo: 11° | 23° Lilongwe: 15° | 28° Maputo: 18° | 31° Windhoek: 12° | 27° Cape Town: 14° | 19° Durban: 19° | 26° Johannesburg: 15° | 25° Dar es Salaam: 22° | 28° Lusaka: 15° | 28° Harare: 13° | 28° Currency: GBP to NAD 23.17 | EUR to NAD 19.9 | CNY to NAD 2.54 | USD to NAD 18.5 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.95 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.9 | USD to KES 133.98 | USD to NGN 1379 | USD to ZAR 18.5 | USD to ZMW 27.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 76428.31 Up +0.50% | Namibian Stock Exchange (NSX) Overall Index 1700.24 Up +0.45% | Casablanca Stock Exchange (CSE) MASI 13403.47 Up +0.61% | Egyptian Exchange (EGX) 30 Index 26113.71 Up +6.81% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - 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