QUESTION 1
Several legislation and public policies do not provide the outcomes and outputs
expected to create a vibrant and pro-growth private sector that incentivise foreign
and domestic investors. These legislation and policies do not compare favourably
with Botswana, Mauritius and Seychelles in terms of corporate tax. The diversion of
such investment for capital formation and funding business projects is negatively
affecting employment creation, manufacturing and export of value-added products
and services. Namibia's credit rating by credit agencies, e.g., Moody's, is Bl, meaning
'junk' status. Namibia's unemployment rate is more than 40% of the economic active
population. Educational standards have deteriorated to such an extent that at the
end of 2023, more than 70% of Grade 11 learners could not proceed to Grade 12
and/or qualify for admission to tertiary institution. Based on the Afro-barometer
Survey Report released in July/August 2024, more than 40% of respondents
indicated that they do not trust Offices/Ministries/ Agencies.
The Namibian Government is increasingly creating legislation that is concentrating
power in the executive, e.g., the Investment Promotion Facilitation Bill, Cyber Crime
Bill and Data Protection Bill, to name only a few. Government' increasing regulations
compel the private sector and Small Medium Enterprises to comply with non-profit
bureaucracy that is contributing to increasing consumer prices. These policies and
regulations impact mostly the poorest of the poor amidst an economic recovery that
is premature after Covid 19. Entrepreneurs are finding it increasing challenging to
commence new businesses in an overregulated business environment that is not
providing tax breaks and/or tax incentives for start-ups.
Critically analyse the legislation and policies below to create a vibrant, strong and
pro-growth private sector that can create employment and encourage
entrepreneurs to initiate businesses ventures with minimum regulations and
maximum incentives. Government sources should not be relied upon as the main
source. Independent sources should be consulted to verifying actual implications of
these legislation and policies on the private sector, Non-Governmental Organisations
and Civil Based Organisations.
1. Affirmative Action (Employment) Act 29 of 1998
2. Employment Equity Act 55 of 1998
3. Regulation Nr 28 of the Pension Act of 2008
4. Minerals Bill of 2024
5. Investment and Promotion Facilitation Bill of 2024
6. Minimum Wage Order of 7 August 2024
7. Cyber Crime Bill of 2024.
Each of the above legislation will count 15 marks, except the last one will count 10
marks.
Total (100)
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