Namibia: GIPF Trustees paranoid After DCP

AFTER the Development Capital Portfolio debacle, the stringent requirements by the Government Institutions Pension Fund before investing billions of civil servants' retirement savings in unlisted ventures might create a "sense of paranoia or overkill", GIPF trustee chairperson Ellaine Samson has said.

"You would also have been paranoid if you lost N$660 million," Samson told industry players at the 6th Annual Conference of the Retirement Funds Institute of Namibia (RFIN) on Wednesday.

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