New showroom for Novel

Posted: 21 Oct 2017

A second Ford showroom, Bidvest Windhoek Ford was officially opened in Windhoek last week. During the high profile event, a new financial service, an initiative of Ford Credit South Africa and Standard Bank Namibia was launched. The financial service will be known as “Ford Finance” in Namibia and provides customers with a seamless vehicle finance experience at attractive rates when they purchase their dream vehicle.

Nicolai Celento, Acting Dealer Principal of Novel Ford and Bidvest Windhoek Ford said the opening of a satellite showroom in Windhoek is an expansion of the Ford brand in Windhoek, “because of the rapid rate at which Windhoek has been growing.” He added that the opening of the showroom gives customers a choice of viewing, test driving and purchasing the Ford brand from one of two locations at opposite ends of Windhoek.

Senior officials within Ford Motor Company South Africa and Sub Saharan Africa, Standard Bank South Africa, Standard Bank Namibia, Ford Credit South Africa and Sub Saharan Africa, Bidvest Automotive and Bidvest Namibia attended the event.

Tomorrow, on Friday, 13 October, an Open Day will be held at the new Bidvest Windhoek Ford showroom and clients, prospects and the general public are invited to test drive vehicles on display and enjoy boerewors rolls and soft drinks. Kosmos 94.1 will broadcast from the new premises from 12:00 to 15:00. The aim of the event is increase footfall to the new premises and to entrench the location of the newest Ford showroom in Namibia.

For more information on the new Bidvest Windhoek Ford showroom, contact the Marketing Manager, Novel Motor Company on 061 -292 4061.







Notice Board

Sens Acquisition of the remaining shareholding in Namsov and UFE properties

Pursuant to the cautionary announcements by Bidvest Namibia published on NENS dated November 8 2017, December 20 2017, January 31 2018, March 14 2018, April 25 2018 and June 6 2018, shareholders are advised that Bidvest Namibia, through its wholly owned subsidiary Bidvest Namibia Property Holdings (Proprietary) Ltd (“Bidvest Namibia Property”) has acquired the remaining issued share capital of Namsov Industrial Properties (Proprietary) Ltd (“NIP) and United Fishing Enterprises (Proprietary) Ltd (“UFE”), as at the effective date, subject to the terms and conditions as set out herein (“the transaction”).

More information in the attached PDF.

Sens The sale of the entire shareholding in Bidvest Namibia Fisheries

Pursuant to the cautionary announcements by Bidvest Namibia published on NENS dated November 8 2017, December 20 2017, January 31 2018, March 14 2018, April 25 2018 and June 6 2018, and the voluntary announcement published on NENS dated 1 2 July 2018 relating to the acquisition by Bidvest Namibia Property Holdings (Proprietary) Ltd (a wholly owned subsidiary of Bidvest Namibia), shareholders are advised that Bidvest Namibia has disposed of the entire issued share capital of Bidvest Namibia Fisheries Holdings (Proprietary) Limited (“Bidfish”) and/or any of the company’s subsidiaries as at the effective date to Tunacor Fisheries Limited (“Tunacor”) (“the transaction”), subject to the terms and conditions as set out herein.

More details in the attached PDF.

Sens Further Cautionary Announcement

Further to the cautionary announcements dated November 8 2017, December 20 2017, January 31 2018, March 14 2018 and April 25 2018, shareholders are advised that the Company has entered into discussions, which if successfully concluded, may have a material effect on the price of the Company’s securities.

Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company’s securities until further announcements are made.

Sens Changes to the Board of Directors

The Board of Bidvest Namibia hereby announces the appointment of Mr. Mark Steyn to the Board of Directors effective May 23, 2018.





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