Key Highlights from This Edition:
Empowering You Through Financial Knowledge
At NAMFISA, consumer education is not just a task—it’s a core mission, anchored directly under the leadership of the CEO. Just as a lighthouse guides ships through uncertain waters, our efforts aim to guide Namibians through the often complex world of financial products and services. This publication forms part of NAMFISA’s ongoing efforts to promote consumer awareness, protection, and satisfaction by helping consumers make informed decisions, understand their rights, and know where to turn when things go wrong. It highlights the regulatory environment, available consumer protection mechanisms, and serves as one of the many tools used to engage stakeholders through timely consultations, industry meetings, and informative content—ultimately building a positive perception of NAMFISA’s work. Summarised in this edition:
- Know Your Rights: Learn how to respond when you're not treated fairly by a financial service provider. NAMFISA’s complaints process is free and accessible to all.
- Stakeholder Engagement: Like threads in a fabric, our partnerships with the public and industry stakeholders strengthen trust and transparency.
- Medical Aid Awareness: Understand how non-disclosure of pre-existing conditions and waiting periods can affect your coverage.
- Microloan Guidance: Read tips on how to protect yourself when dealing with microlenders and cash loans.
- Financial Crime Awareness: Discover how money laundering and terrorism and proliferation affect the financial system and what role you play in prevention.
- Credit Health Tips: Think of your credit profile as your financial CV—this edition offers tips to keep it in good shape.
- Have a Say: Help shape future issues by suggesting topics you care about—whether it’s regulation, compliance, or consumer protection.
We encourage you to read this edition thoroughly and share the insights you gain with others, because informed consumers are empowered consumers.
Wishing you an insightful and enriching reading experience.