WINDHOEK, Oct. 2 (Xinhua) -- The Law Reform and Development Commission of Namibia chairperson Yvonne Dausab has cast a shadow of uncertainty on the proposed New Economic Equitable Empowerment Framework.
Dausab's comment came after President Hage Geingob told a meeting in the United States last week that Namibia would still push for the proposed economic reforms meant to empower the previously disadvantaged people by roping them into existing companies.
If enacted, the law will compel all companies to give 25 percent shares to previously disadvantaged blacks as well as reserving 50 percent of managerial position for them.
Although several groups have raised concern with some clauses of the proposed law, the government is adamant that they will make sure they pass it.
Speaking for the first time after consultations, Dausab, who heads the commission whose duty is to draft and research on proposed laws, said the framework might need time.
"There is probably need for more research and benchmarking to ensure we get this economic transformation process right the first time," she said.
Dausab admitted that most people are not happy with the current framing of the law and its possible effect on the economy.
She said making ownership equity and management compulsory in the manner the framework proposes may not be the best vehicle to achieve economic emancipation and empowerment.
According to Dausab, the best way forward is to strike balance between addressing the economic empowerment and the need to keep and attract foreign investors.
【国际英语资讯:Proposed economic empowerment law for Namibia needs time: official】相关文章:
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