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Equitable economic transformation not an insult to White people- Geingob

18/05/2018
by Staff Writer
News

 President Hage Geingob said attempts by government to transform the economy through an equitable framework are being wrongly translated in some sectors as an assault on white people.

He said this at a meeting of shareholders and equity partners of Greyhorse Mining Ltd and management of Dundee Precious Metals Inc. (DPM) who informed him about progress the company had made in empowering Namibians since it started operations in Namibia in 2010.

Statehouse reported that government policies are predictable, and corrective measures are being taken to correct the wrongs of the past, which if not dealt with could undermine peace and stability.

 Geingob informed the company that what they had done to empower Namibians through multiple interventions, including skills development and promotion, provision of decent housing to employees in the lower ranks, and equity participation was “good news.”

 He lauded management for sharing the vision of government to empower blacks.

In reference to the voluntary economic empowerment transaction the company had effected, the President praised the initiative saying: “You don’t need laws to do what is right. Let’s share whatever we have and do something to benefit others”.

Geingob encouraged other investors to follow the example of the Canadian company, DPM.