Wealth management firm warns Swapo

Reports of Swapo officials acting in an arrogant manner and displays of intolerance for disagreeing opinion are warning signs that the political environment is losing touch with democratic culture, a local wealth management firm has warned.

In its latest economic quarterly report, PSG Namibia said dissenting opinions and opposition parties and their officials should not be seen as  enemies of the state to be hounded and prevented from engaging with the broader populace.


“Yet there is, according to editorial opinion in Namibia and among civil society groups, a view that official intolerance of dissenting opinion is increasing. This is a slippery slope and one Namibian society needs to take note of. Harder issues come to the fore as well,” said the firm.

PSG Nmaibia has advised the leadership to orient attention towards the state of education and health.


The firm is convinced that the ruling Swapo party is headed for another majority victory in the coming elections.

However, it cautions that should policies designed to generate and redistribute wealth not be implemented and a handful of the newly rich with access to the political system at some or other level continue to prosper out of all proportion, a serious stability issue could arise over the long term.


PSG Namibia zeroed in on the decline of the Rally for Democracy and Progress (RDP), which was initially envisaged to neutralize a Swapo dominance, but cited that its decline should not be a cause for celebration.

It submitted that a political environment dominated by a single party for so long without any threat of electoral defeat leads to corruption, incompetence and a loss of vision that will eventually harm Swapo too.


“The formation of the RDP was heralded as a major development in the politics of Namibia but our own view at the time was to wait and see as the history of breakaway political movements in southern Africa was not encouraging.”

“Our opinion was that political organisations that were founded on personal gripes with the status quo seldom succeeded as they tended to lack any unclouded vision,” said th firm. 


A potential constitutional regime change is no where in sight, said the firm, given that opposition parties do not appear to offer any realistic electoral threat in the short to medium term.

According to PSG, “That poses its own problems and we have argued previously that de facto one- party rule is demonstrably unhealthy.”