/ 31 March 1999

SWAPO HOLDINGS IN TROUBLE

KALAHARI Holdings, the firm controlling holdings of Namibia’s ruling South-West Africa People’s Organisation is indebted to the tune of R32-million, The Namibian reported on Tuesday. President Sam Nujoma told party leaders last weekend that Kalahari was near collapse and proposed a number of rescue measures. Plans to save the troubled firm include selling De Rust, a farm near Grootfontein, selling some of Kalahari’s holdings in Multichoice, M-Net’s cable service, and borrowing money from financial institutions.