MUN HAVE LOST FOCUS
MUN HAVE LOST FOCUS
Why this petition matters
We the MUN workers have realized that we don't get any return from our money whether it is in a form of shares or loan at affordable interest rates or personalloans.
Nam-Mic financial solutions was created as the buisnes vehicle to pursue business investments opportunities with the members contribution funds and it has becomes one of the contributing factor that lead to a financial burden for the members into more in debts, by offering micro finance to Union members at a high interest rate. We therefore demand that MUN must go back to the drawing board by reducing the high interest rate to our members and secondly to create social and physical environment that support workers over a long term for example affordable housing initiative ,low interest affordable loans and low interest debt consolidation services to our members.
We also demand the removal of Authorisation Authority from the company before loan approval. Every member must be given a fair opportunity to apply and if she or him qualify the deduction can exhaled to the bank but not confine to company approval only.
We are also not in support of N$150000 that was introduced recently whereby the majority members don't benefit because of affordability. We therefore proposing a portion of a percentage from our monthly contributions towards buying shares for the majority underpaid members.
Lastly we are not in support of Nam Mic financial solutions to pursue business investments opportunities with companies where MUN represent our members for example B2 Gold Mine. It is a conflict of interest and undermine the essence of representation of members and we as MUN workers condemn it totally.
Workers don't benefit any thing significant from the MUN whether it is in a form of T-shirts or Caps like it used to be in the past.
After the National Congress in April 1997, the MUN set up Namibia Miners Investment trust ( NAMIT) whereby MUN NEC members serve as trustees. The same year MUN set up Namibia Miners Investment Holding Company ( NAMIC) fully owned by the NAMIT.
The aim was to improve the life of Mineworkers and their children through re-investing the wealth generated by NAMIC into social programs focusing on improvement of our members live style.
We believe the current Union have lost focus and is only there to do business with investors and to betrayed the workers it represents as core reason for its existence. Union leaders have created the impression that Investment arms are more important than the Union itself, the MUN members don't benefit a single cent from those deals and we are usually in dark about Union Investment and how the money generated is spent.
There is a big suspicious that this Investment is a secret operation of the leaders to enrich themselves while majority workers don't benefit.
We therefore appeal to the MUN leadership to take this petition very seriously and to be accountable if our demand is not meet in 30 days after received of the petition.