No law barring Erindi sale
No law barring Erindi sale

No law barring Erindi sale

The recommendation calling for foreigners not to buy land in Namibia will remain a recommendation until it is enacted into law.
Ellanie Smit
ELLANIE SMIT

The presidency has reiterated there is no law currently in place that can stop the sale of the 71 000-hectare Erindi Private Game Reserve to Mexican billionaire Alberto Baillères.

It said a recommendation made during the second national land conference last year not to sell land in Namibia to foreigners, remains a recommendation until the state enacts laws to that effect.

This is according to a statement issued by the presidential press secretary Alfredo Hengari after the outrage sparked by a meeting between President Hage Geingob and Baillères.

Baillères is in the process of purchasing the sought-after game reserve.

Institutions such as the National Union of Namibian Workers (NUNW), the Namibia Ancestral Land Foundation (NALAFO) and the Evangelical Lutheran Church in Namibia (ELCRN) all called for the deal to sell Erindi to a foreigner to be cancelled.

Geingob was set to meet with several workers’ unions on Tuesday to discuss the sale of Erindi and the economy, among other national issues.

According to Hengari the Namibia Public Workers Union (NAPWU), National Teachers Union (NANTU) and the Namibia Transport and Allied Workers Union (NATAU) would have met with Geingob Tuesday.

However, the meeting did not proceed as envisaged due to the unavailability of line ministers who had commitments prior to the request from the unions.

According to Hengari the Presidency has written to these unions with a view to reschedule.

He further emphasised the competency of institutions of the state regarding the sale of Erindi and the availability of Geingob to hold dialogue with stakeholders to clarify government policy.

“The president, in performing his tasks, must assure investors that Namibia is safe and the rule of law, respected. As a matter of fact, and consistent with the directive, Baillères, who is a status investor, has engaged the relevant line ministries and government agencies.”

Hengari said the sale, in line with regulatory processes, systems and institutions, is currently awaiting approval by the Namibian Competition Commission (NaCC) and that process should be allowed to run its course.

“President Geingob does not negotiate with business leaders. In line with accepted international practice, they pay courtesy calls like other stakeholders the president sees on a daily basis.”

Hengari said that this is part of Geingob’s participatory approach to governance that stakeholders must be consulted, heard and challenges must be identified, solutions found, with line ministries and agencies of government as the basic anchors in the governance architecture.

He said the principle of not negotiating business at State House stands and remains an unshakeable position for as long as Geingob remains in office.

According to him the recommendation calling for foreigners not to buy land in Namibia will remain a recommendation until it is enacted into law.

He said that this is why Geingob restated to the media in his briefing that Namibia at the moment did not have any law prohibiting foreign nationals from buying land.

“In fact, the President reminded the media that the current owners of Erindi are not Namibians, but are the Joubert brothers, who are South Africans.”

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Namibian Sun 2024-04-27

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Premier League: Brighton 0 vs 4 Manchester City | Manchester United 4 vs 2 Sheffield United | Everton 2 vs 0 Liverpool | Crystal Palace 2 vs 0 Newcastle | Wolves 0 vs 1 Bournemouth LaLiga: Real Sociedad 0 vs 1 Real Madrid SerieA: Frosinone 3 vs 0 Salernitana | Udinese 1 vs 2 AS Roma European Championships Qualifying: Queens Park Rangers 4 vs 0 Leeds United | Coventry City 2 vs 3 Hull City English Championship: Queens Park Rangers 4 vs 0 Leeds United | Coventry City 2 vs 3 Hull City Katima Mulilo: 16° | 31° Rundu: 20° | 32° Eenhana: 17° | 33° Oshakati: 19° | 33° Ruacana: 16° | 33° Tsumeb: 17° | 31° Otjiwarongo: 17° | 30° Omaruru: 19° | 32° Windhoek: 16° | 28° Gobabis: 17° | 28° Henties Bay: 17° | 25° Wind speed: 19km/h, Wind direction: S, Low tide: 11:03, High tide: 05:02, Low Tide: 23:14, High tide: 17:32 Swakopmund: 16° | 22° Wind speed: 21km/h, Wind direction: SW, Low tide: 11:01, High tide: 05:00, Low Tide: 23:12, High tide: 17:30 Walvis Bay: 18° | 29° Wind speed: 28km/h, Wind direction: SW, Low tide: 11:01, High tide: 04:59, Low Tide: 23:12, High tide: 17:29 Rehoboth: 18° | 29° Mariental: 21° | 32° Keetmanshoop: 22° | 33° Aranos: 18° | 31° Lüderitz: 16° | 28° Ariamsvlei: 22° | 33° Oranjemund: 14° | 25° Luanda: 25° | 30° Gaborone: 15° | 26° Lubumbashi: 11° | 24° Mbabane: 11° | 20° Maseru: 10° | 23° Antananarivo: 15° | 24° Lilongwe: 13° | 24° Maputo: 17° | 26° Windhoek: 16° | 28° Cape Town: 16° | 23° Durban: 15° | 24° Johannesburg: 14° | 23° Dar es Salaam: 23° | 30° Lusaka: 15° | 25° Harare: 12° | 24° Currency: GBP to NAD 23.44 | EUR to NAD 20.1 | CNY to NAD 2.59 | USD to NAD 18.8 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.7 | ZWL to NAD 0.04 | BRL to NAD 3.66 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.22 | USD to AOA 834.06 | USD to BWP 13.79 | USD to EGP 47.85 | USD to KES 134.48 | USD to NGN 1329.44 | USD to ZAR 18.78 | USD to ZMW 26.5 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75370.99 Up +1.40% | Namibian Stock Exchange (NSX) Overall Index 1673.12 Up +1.85% | Casablanca Stock Exchange (CSE) MASI 13354.97 Up +0.06% | Egyptian Exchange (EGX) 30 Index 25917.59 Down -3.21% | Botswana Stock Exchange (BSE) DCI 9142.54 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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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 338.05/OZ UP +0.31% | Copper US$ 4.54/lb UP +0.71% | Zinc US$ 2 869.50/T UP 0.15% | Brent Crude Oil US$ 88.96/BBP UP +0.08% | Platinum US$ 913.47/OZ DOWN -0.0026