Namibian Society of Composers and Authors of Music (Nascam) is facing a grim reality of closure because of ballooning expenses and insufficient cash flow unwrap.online has learned.
This is despite being promised a measly N$150 000 from the National Arts Council to sustain their daily expenses.
NASCAM CEO, John Max confirmed the precarious financial position of the Organisation saying they are unable to do their duties because of a poor financial state of affairs.
“It is the administering and information-sharing meetings with our members. We also have the duty of reaching out to members and explaining to them how royalties are collected and distributed,” said Max.
Max added that an organisation of Nascams calibre, with the funding it receives such salaries payments, get office equipment and stationery, for the vehicle, IT services, International relation obligations to mention a few.
Last week, the ministry of education arts and culture through the national arts council last week launched a N$5.5 million grant to bail out the country’s arts and culture sector which has been grounded by the state emergency instituted to control Covid 19. From this, Nascam will receive N$150 000 to support the institution.
In the past, Max has called on to stakeholders to assist the music industry where possible as well as for broadcasters to implement a 70% local content airplay to assist the artists. There are more than 70 000 members registered with Nascam.
“We have been engaging with line ministry to make sure that the state broadcaster plays a minimum of 70% local content while commercial radio stations should play at least 50% local content,” he said.