Are SOEs career killers for prospective CEOs?

March 6, 2018, 5:08pm

The unprecedented level at which state owned enterprises have claimed the scalps of many chief executive officers has made the public enterprises space a dangerous territory for those aspiring to be in the driving seat of these entities. 

The SOEs sector’s propensity to hire and fire individuals also finally got to the nerves of the SOEs minister, Leon Jooste who sort to put a lid over suspensions of CEOs on full pay.

“As the minister responsible for public enterprises, I want to put it on record that I expect to see an immediate end to this unwanted practice,’ the minister said then.

However, Namibia has seen a significant number of cases involving suspended CEOs some of which where implicated in corruption scandals.

The most recent one is the suspension of the Business and Intellectual Property Authority’s Tileinge Andima over an allegedly inflated N$18 million figure for the purchase of an old gambling house in Katutura.