• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Thursday, July 3, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
13 °c
Columbus
19 ° Tue
21 ° Wed
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Finance

Managing records: A Biblical and Ancient Concept

by editor
July 19, 2022
in Finance
44
A A
57
SHARES
954
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

BoN orders banks to cut gap between repo and lending rates

DBN secures Green Climate Fund accreditation

Bank of Namibia meets incoming Bank Windhoek MD

For people to read the bible today in the comfort of their homes, somebody, somewhere kept custody of the scroll and preserved it using ancient preservation techniques for maximum protection, so that our generation can have the bible today.

Similarly, institutions preserve records and data through their records and information management divisions.

To effectively manage this process, institutions are required to have specific structures or tools in place to ensure an efficient implementation of a sound records management programme.

At an institution such as the Government Institutions Pension Fund (GIPF) tools such as a wellfunctioning records management unit structure, records management policy, registry process and procedures, service level agreements, file plan, retention, disposal guidelines and lastly, a vital records register has been put in place to ensure systematic records and information management.

Organisations have to make strides towards transforming internal and external physical records into organized, well-structured, and well managed records. To achieve this they have to acquire and implement tools to achieve the desired records management program.

 In our case, the above-mentioned tools have assisted the Fund in ensuring that the functions pertaining to records management are carried out in line with the prevailing regulations and thereby complying with such laws and international standards.

During any financial period, internal efforts have to be made towards cleaning up organizational data with a focus on creating awareness and developing and training staff on file plans. Similalry, training also has to be extended to executives and administrative secretaries as well as compliance officers.

Normally records management training is conducted by the records management staff where such expertise exists within the organisation.

Additionally, the Records and Information Management team will execute the appraisal (a process of distinguishing records of continuing value from those of no further value so that the latter may be eliminated/ disposed) of documents and implement the record retention schedule and disposal guidelines within any given financial period.

Furthermore, an appraisal is a judgment on records, especially an estimate of how much it’s worth. Usually, an individual needs an expert to give him or her an official appraisal opinion. The GIPF records management committee which is yet to be established will play that role and function of judging the value of GIPF records and making recommendations to management.

This committee is usually a decision-making body whose purpose is to provide corporate oversight to the organisation’s records and information management programme.

The committee is therefore, composed of expertise in line with ISO 15489 international standards and will advise and ensure that the organisation complies to regulations and the laws of the country.

Lastly, every organisation ought to have a well-established and formal procedure that ensures records are disposed of regularly and orderly to safeguard against accidental destruction of records that have not met their minimum retention periods or are needed for litigation, audits, or other investigations. Organisations should therefore, encourage staff members in possession of records that are no longer relevant to contact their records management units for interventions and should be cautioned at all times against shredding or disposing records unlawfully.

*Chrispin Matengu is Head: Records and information Management with the Government Institutions Pension Fund

author avatar
editor
See Full Bio
Tags: companies
Share23Tweet14Share4
Previous Post

Impact Oil plans N$1billion capital raise for oilfield drilling in Namibia

Next Post

Record-low real interest rate sets stage for aggressive rate hike tomorrow

Recommended For You

BoN orders banks to cut gap between repo and lending rates

by reporter
July 2, 2025
0
BoN orders banks to cut gap between repo and lending rates

The Bank of Namibia (BoN) has directed all commercial banks to narrow the gap between the repo rate and lending rates by 25 basis points in two stages...

Read moreDetails

DBN secures Green Climate Fund accreditation

by reporter
July 2, 2025
0
DBN secures Green Climate Fund accreditation

The Development Bank of Namibia (DBN) has been officially accredited by the Green Climate Fund (GCF), a move expected to improve Namibia’s ability to access international climate finance....

Read moreDetails

Bank of Namibia meets incoming Bank Windhoek MD

by reporter
July 2, 2025
0
Bank of Namibia meets incoming Bank Windhoek MD

The Bank of Namibia has officially met with James Chapman, who will take over as Managing Director of Bank Windhoek in July 2025. Chapman was introduced to BoN...

Read moreDetails

Standard Bank invests N$35 million in CSI initiatives over five years

by reporter
June 30, 2025
0
Standard Bank invests N$35 million in CSI initiatives over five years

Standard Bank Namibia says it has invested more than N$35 million in Corporate Social Investment (CSI) initiatives over the past five years. The bank’s wide-ranging support spans health,...

Read moreDetails

Microlenders dominate regulatory breaches in non-banking sector

by reporter
June 30, 2025
0
Microlenders dominate regulatory breaches in non-banking sector

The microlending sector accounted for the bulk of serious regulatory breaches in Namibia’s non-banking financial institutions (NBFI) industry during the first quarter of 2025, according to the latest...

Read moreDetails
Next Post
Record-low real interest rate sets stage for aggressive rate hike tomorrow

Record-low real interest rate sets stage for aggressive rate hike tomorrow

Related News

Cheetah Cement ordered to suspend night ops

Cheetah Cement ordered to suspend night ops

August 23, 2022
Namibia’s elephant population reaches 24,000

Namibia’s elephant population reaches 24,000

July 21, 2023
EU reaches deal for ban on new combustion-engine cars as of 2035

EU reaches deal for ban on new combustion-engine cars as of 2035

October 28, 2022

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.