N$624 million investment discrepancy lands Walvis Bay Municipality adverse audit

NAMPA

2026-10-05

WALVIS BAY - The welcoming sign for the harbour town of Walvis Bay. (Photo by: Lotto Shihepo) NAMPA

WALVIS BAY, 05 OCT (NAMPA) – The Municipality of Walvis Bay received an adverse audit opinion for the financial year ended 30 June 2025, with the Auditor-General finding material misstatements relating to investments, land sales, receivables, prior-period errors, salaries and cash-flow reporting.
The adverse opinion means the municipality’s financial statements do not fairly present its financial position and financial performance for the year in...

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