New Equitable Economic Empowerment Framework Will End 25 Years of Prosperity - Construction Industry
By the end of April, businesses and various industry bodies had to submit their complaints and recommendations on the New Equitable Economic Empowerment Framework (NEEEF) and the NEEEF Bill to the Office of the Prime Minister as the bill enters due process in Parliament. Recent submissions include the Construction Industries Federation (CIF) and the Namibia Chamber of Commerce and Industry (NCCI). In its final draft submitted to the Office of the Prime Minister, the CIF emphasised that both the NEEEF policy as well as the NEEEF framework in its current format would need to be withdrawn as it is not the appropriate vehicle to address social and economic problems. The CIF said it has a membership of over 470 members.