The Namibia Competition Commission (NaCC) collected N$9.1 million in penalties during the financial year ended 31 March 2025, more than double the N$4.4 million collected in the previous year, according to the Auditor-General’s report released in September 2025.
The penalties, imposed on companies found guilty of anti-competitive practices, were paid into the State Revenue Fund as required by Section 53(5) of the Competition Act. The Act stipulates that all pecuniary penalties must be transferred to state coffers rather than retained by the Commission.
Despite the increase, the Commission is still pursuing N$2.9 million in outstanding penalties from companies ordered to pay fines through either consent agreements or High Court rulings. This is up from N$781,667 outstanding at the end of the previous financial year.
“The Commission investigates contraventions of the Act and may institute legal proceedings in the High Court and request the Court to impose a pecuniary penalty against the undertakings involved. Section 53(5) of the Act states that a pecuniary penalty payable in terms of the Act must be paid into the State Revenue Fund,” the report noted.
The report further highlighted that the Commission’s enforcement activities during the year resulted in new settlements and penalties totalling N$11.2 million, bringing the overall amount due to N$11.98 million before deductions. The Commission also achieved 88% of its performance targets, up from 56% the previous year.
Penalty amounts are initially held in the Commission’s investment account before being transferred to the Ministry of Finance. As of 31 March 2025, the NaCC held N$9.1 million in trust on behalf of the Ministry, with N$13.1 million remitted to the State Revenue Fund during the year.
Auditor-General Junias Etuna Kandjeke issued an unqualified audit opinion on the Commission’s financial statements, confirming compliance with International Financial Reporting Standards and the Competition Act.
