Namibia: Loss of 30 000 employers shrinking country’s tax base – Business

Economist are warning that Namibia’s shrinking number of employers is weakening the country’s tax base and forcing the government to rely more heavily on pension funds for funding

This comes after Cirrus Capital head of research Robert McGregor in an interview with another newspaper reveals that the number of individuals identifying as employers fell from about 45 000 in 2018 to just 15 000 in 2023 – a loss of 30 000 in five years.

While the decline is widely seen as a blow to…