Two of Manica Group Namibia’s CATS students, Agnes Mukuve and Hellena Ruben were among eight others who graduated from the programme. They completed their two year programme to earn a Diploma in Applied Business Process Management. One of the speakers at the event, Tim Parkhouse of the Namibian Employers Federation urged the community and companies to invest and support CATS. “This dual training system is beneficial to the student and the companies at large. The involvement of the Namibian Training Authority in the programme also has a positive impact on the future of the program in Namibia,” he said.
Established in 2005 the Commercial Advancement Training Scheme (CATS) is a two-year programme providing training to both school leavers and employees wishing to further their professional careers. The training involves theoretical and in-service training covering various aspects of business administration, including Accounting, Logistics, Commercial Law, Ethics, Leadership, Retail Management, Information Competence, Communication Skills, Project Management and Life Skills. Over the last ten years over 30 companies have invested in CATS with more than 200 students having entered the programme to become part of a skilled and innovative workforce.
Shareholders of Bidvest Namibia are informed that Bidvest Namibia has received a intended binding offer from Bidvest Group, the majority shareholder of Bidvest Namibia, in terms of which Bidvest Group intends to make an offer to acquire all of the outstanding ordinary shares in Bidvest Namibia not currently held by Bidvest Group, by way of a take-over scheme. The amount offered in terms of the Intended Conditional Offer is a cash only consideration of N$10.50 per Offer Share, subject to the successful passing of the De-listing Resolution as set out in paragraph 2 below.
Investors are referred to the NENS announcement released on August 31, 2018 relating to the finalization announcement of the sale by Bidvest Namibia of the entire issued capital of Bidvest Fisheries Holdings to Tuncar Fisheries. The results of Bidfish have been presented as discontinued.
Further to the cautionary announcement dated December 12, 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 Bidvest Namibia´s securities until a final announcement is made.
Bidvest Namibia hereby announces the unwinding of the Ovanhu and Endeni empowerment shareholding structures. Agreements were reached between Bidvest Group Limited (“Bidvest Group”), the majority shareholder in Bidvest Namibia, and the shareholders of Ovanhu and Endeni. In terms of these agreements Bidvest Group will acquire the entire share capital and all claims in Ovanhu and Endeni. Read the full details in the attached PDF.