Shiimi bemoans outdated finance ministry structures

‘Not fit for purpose’
An overview of the finance ministry has found that the ministry is in need of a structural overhaul and technical modernisation.
Ogone Tlhage
Finance minister Ipumbu Shiimi says the Treasury is not adequately structured to properly carry out its mandate as an economic institution.

Shiimi made the comments while giving an update on his ministry’s activities at the Government Information Centre earlier this week.

The ministry’s archaic structure meant that it was not geared for current times, Shiimi said.

“One of the challenges we have [is that] the ministry was established at independence, so, when you look at the structure, we have realised that the current structure that we have – and it has not been renewed for a while – the structure is not fit for purpose,” Shiimi said.

Embrace tech

Addressing this archaic set-up, Shiimi said, may involve moving staff members around to fill gaps where the ministry has shortcomings.

“We realised when we started with this exercise, we have too many administrators in the system and the system needs accountants and economists because it is an economic institution, it is about tax collection and revenue forecasting. So, we have realised that we are lean on the one side, so we have to shift our talents around,” he said.

Shiimi also stressed the need for the processes and systems within the ministry to not be so heavily reliant on manual procedures, and instead embrace technology.

“The other challenge is that some of our processes are still very manual, so I think the future is in digitisation, so we have to automate our processes," he said, adding that "digitisation is a challenge and something we need to pay attention to."

Kommentaar

Republikein 2024-09-08

Geen kommentaar is op hierdie artikel gelaat nie

Meld asseblief aan om kommentaar te lewer

Currie Cup: Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand Katima Mulilo: 18° | 38° Rundu: 15° | 38° Eenhana: 15° | 38° Oshakati: 16° | 34° Ruacana: 16° | 34° Tsumeb: 19° | 33° Otjiwarongo: 14° | 32° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 11° | 31° Henties Bay: 9° | 15° Wind speed: 20km/h, Wind direction: S, Low tide: 07:19, High tide: 13:46, Low Tide: 19:48, High tide: 02:00 Swakopmund: 11° | 12° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:44, Low Tide: 19:46, High tide: 02:00 Walvis Bay: 10° | 17° Wind speed: 28km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:43, Low Tide: 19:46, High tide: 02:00 Rehoboth: 9° | 30° Mariental: 9° | 27° Keetmanshoop: 8° | 23° Aranos: 8° | 29° Lüderitz: 9° | 29° Ariamsvlei: 6° | 22° Oranjemund: 9° | 26° Luanda: 21° | 22° Gaborone: 16° | 32° Lubumbashi: 18° | 36° Mbabane: 9° | 15° Maseru: 2° | 22° Antananarivo: 12° | 29° Lilongwe: 20° | 31° Maputo: 16° | 22° Windhoek: 13° | 29° Cape Town: 10° | 18° Durban: 13° | 15° Johannesburg: 14° | 27° Dar es Salaam: 23° | 30° Lusaka: 21° | 34° Harare: 17° | 30° Currency: GBP to NAD 23.39 | EUR to NAD 19.77 | CNY to NAD 2.52 | USD to NAD 17.85 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.18 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.86 | USD to AOA 920.38 | USD to BWP 13.26 | USD to EGP 48.39 | USD to KES 128.23 | USD to NGN 1620.02 | USD to ZAR 17.85 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1770.56 Down -1.47% | Casablanca Stock Exchange (CSE) MASI 13911.35 Up +0.04% | Egyptian Exchange (EGX) 30 Index 31029.7 Up +0.10% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 497.56/OZ DOWN -0.0079 | Copper US$ 4.04/lb DOWN -0.0194 | Zinc US$ 2 721.80/T DOWN -0.3% | Brent Crude Oil US$ 72.03/BBP DOWN -0.0187 | Platinum US$ 919.13/OZ DOWN -0.007 Sport results: Currie Cup: Airlink Pumas 14 vs 41 Toyota Cheetahs XV | Fidelity ADT Lions 62 vs 5 NovaVit Griffons | Suzuki Griquas 37 vs 29 DHL Western Province Rugby Championship: Argentina 67 vs 27 Australia | Springboks 18 vs 12 New Zealand Weather: Katima Mulilo: 18° | 38° Rundu: 15° | 38° Eenhana: 15° | 38° Oshakati: 16° | 34° Ruacana: 16° | 34° Tsumeb: 19° | 33° Otjiwarongo: 14° | 32° Omaruru: 14° | 32° Windhoek: 13° | 29° Gobabis: 11° | 31° Henties Bay: 9° | 15° Wind speed: 20km/h, Wind direction: S, Low tide: 07:19, High tide: 13:46, Low Tide: 19:48, High tide: 02:00 Swakopmund: 11° | 12° Wind speed: 23km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:44, Low Tide: 19:46, High tide: 02:00 Walvis Bay: 10° | 17° Wind speed: 28km/h, Wind direction: SW, Low tide: 07:17, High tide: 13:43, Low Tide: 19:46, High tide: 02:00 Rehoboth: 9° | 30° Mariental: 9° | 27° Keetmanshoop: 8° | 23° Aranos: 8° | 29° Lüderitz: 9° | 29° Ariamsvlei: 6° | 22° Oranjemund: 9° | 26° Luanda: 21° | 22° Gaborone: 16° | 32° Lubumbashi: 18° | 36° Mbabane: 9° | 15° Maseru: 2° | 22° Antananarivo: 12° | 29° Lilongwe: 20° | 31° Maputo: 16° | 22° Windhoek: 13° | 29° Cape Town: 10° | 18° Durban: 13° | 15° Johannesburg: 14° | 27° Dar es Salaam: 23° | 30° Lusaka: 21° | 34° Harare: 17° | 30° Economic Indicators: Currency: GBP to NAD 23.39 | EUR to NAD 19.77 | CNY to NAD 2.52 | USD to NAD 17.85 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.18 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 131.86 | USD to AOA 920.38 | USD to BWP 13.26 | USD to EGP 48.39 | USD to KES 128.23 | USD to NGN 1620.02 | USD to ZAR 17.85 | USD to ZMW 26.3 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1770.56 Down -1.47% | Casablanca Stock Exchange (CSE) MASI 13911.35 Up +0.04% | Egyptian Exchange (EGX) 30 Index 31029.7 Up +0.10% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 497.56/OZ DOWN -0.0079 | Copper US$ 4.04/lb DOWN -0.0194 | Zinc US$ 2 721.80/T DOWN -0.3% | Brent Crude Oil US$ 72.03/BBP DOWN -0.0187 | Platinum US$ 919.13/OZ DOWN -0.007