Browsing by Author "Kabuku, Astro Katama"

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    Testing the applicability of a privatization model on state owned enterprises in Namibia
    (2018) Kabuku, Astro Katama; Nyambe, Jacob M.
    Namibia has several State Owned Enterprises (SOEs) some of which are sustainable while others are state-revenue draining. This study was conceived to explore the factors that lead to success and failure of SOEs in Namibia to attempt to develop a privatisation model that could serve as a pilot model for future privatization efforts within the Namibian context. In Namibia, SOEs are faced with a myriad of challenges ranging from politically motivated appointment of poorly skilled boards, lack of monitoring and evaluation mechanisms, ineffective performance management systems, high remuneration for executives which is not paralleled to productivity of the SOEs, corruption, unsustainable debts, burdensome expenditures, financial mismanagement and poor financial performance. Within the Namibian context, SOEs are classified into four categories, namely regulatory enterprises, service rendering enterprises, general enterprises, and economic and productive enterprises. The economic and productive SOEs were selected by their potential for selfsustainability. A semi-structured questionnaire was used to collect primary data from 31 respondents who occupied management positions within the various departments from the 12 economic and productive SOEs. An Exploratory Factor Analysis model was applied for analytical purposes using a Statistical Package for the Social Sciences version 23. The results of this study have several implications for Namibia in the sense that the privatisation model identified the factors attributable to the private sector as follow: service experience, organisational learning and operational efficiency. The study also identified the following factors with attributes to the public sector: poor corporate governance, low levels of risk management and lack of enterprise sustainability. Reform initiatives in the form of privatisation would, therefore, lead to an improvement in sound corporate governance, improve risk management and enterprise sustainability.
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    Testing the applicability of a privatization model on state owned enterprises in Namibia
    (University of Namibia, 2018) Kabuku, Astro Katama
    The purpose of the study was to explore and determine the factors that leads to the success and failure of the State Owned Enterprises (SOEs) in Namibia with a view to develop a privatization model that could be used as a pilot for future privatization effort within the Namibian context. A semi-structured questionnaire was used to collect primary data from 31 respondents who occupied management positions within the various departments of the 12 selected economic and productive SOEs. In this study, a Statistical Package for Social Sciences (SPSS) version 23 was used to analyze the data. The results of the study have several implications for Namibia in the sense that the privatization of the SOEs would lead to improved operational efficiency within the state enterprises. Therefore, the factors that leads to the success of the SOEs were identified as follow: service experience, organizational learning and operational efficiency. On the other hand, the study also identified the factors that leads to the failure of the SOEs as follow: poor corporate governance, low levels of risk management and lack of enterprise sustainability. In both the developed and developing countries, privatization has become key reform program for the publicly owned state enterprises. The purpose of such reform programs is aimed at achieving greater operational efficiency within the SOEs which would help contribute to economic growth and development by reducing public sector spending through the elimination of subsidies. Finally, this study recommends that any consideration for privatization of the SOEs in Namibia, would require a strong political will and positive participation of all interest groups such as the civil organizations, employees of the state enterprises as well as the general public.