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Social Security suspends CEO

Wed, 12 December 2012 23:17
by Confidence Musariri
News Flash

Namibia’s Social Security Commission (SSC) has suspended its Chief Executive Officer, Kenandjei Kapara Tjivikua indefinitely.

Rino Muranda, the commission’s head of corporate communication confirmed the shock move further adding that General Manager Operations David Kendjeele has been appointed acting CEO in the interim.

“I do not have the actual details of the suspension but the board would be well informed at this stage and the only information I have is that it is an internal matter,” said Muranda referring all the questions to board chairman Rick Kukuri.

Efforts to contact Kukuri proved futile as he did not answer his phone, repeatedly.

Under Kapara’s leadership, the Social Secu­rity Commission (SSC) paid out more than N$121 million in benefits to its mem­bers in 2011.

The Maternity leave, Sick leave and Death Benefit Fund (MSD) paid out more than N$109 million compared to N$91.2 million in 2010, while the Employ­ees’ Compensation Fund (ECF) paid out N$12.9 million down from N$13.2 million the pre­vious year, according to the company’s year-end results.

Tjivikua joined the SSC in November 2010, having worked for the FNB Namibia as a senior manager of Corporate Banking and Public Sector Banking. He also held various managerial positions at Standard Bank Namibia and Agribank.
His qualifications include a Master of Business Administration (MBA) obtained from Maastricht School of ManagementFounded as the "Researchinstituut voor bedrijfswetenschappen" (Research institute for management studies) at the TU Delft, it moved to Maastricht in 1989 and changed its name accordingly. in the Netherlands in 2001, an Advanced Credit Diploma and a certificate in Banking obtained from the Institute of BankersThe Chartered Institute of Bankers(CIB) was founded in 1879, as the professional body for members of the banking profession in the United Kingdom. It was granted its royal charter in 1987.
.....Click the link for more South Africa and a National Diploma in Commerce from the Polytechnic of NamibiaThe Polytechnic of Namibia, established by act 33 / 1994 of the Namibian Parliament, is a university of Technology located in Windhoek, Namibia. It comprises five academic schools, the Schools of Engineering, Information technology, Business and Management, Natural Resources and
.....Click the link for more information..