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 referred to the circular to Bidvest Namibia Shareholders containing details of a conditional take-over by the Bidvest Group to Bidvest Namibia Shareholders, to acquire all remaining Bidvest shares not owned by the Bidvest Group by way of a take-over scheme (‘offer’). Subsequent to the acceptance of the Delisting Resolution by the requisite majority, the offer has been declared unconditional by the Bidvest Group and has become effective, irrevocable an open for acceptance during the Acceptance Period.
Further to the cautionary announcement released on the Stock Exchange News Service (“NENS”) of the Namibian Stock Exchange (“NSX”) on 12 December 2018, the subsequent renewal of the Cautionary Announcement released on NENS on 23 January 2019 and 1 March 2019 and the announcements released on NENS on 11 April 2019 and 25 April 2019. Shareholders are hereby advised that the requisite majority of Bidvest Namibia shareholders eligible to vote, have approved the delisting. In terms of this passed resolution, the listing of all the Bidvest Namibia Shares of
Bidvest Namibia on the Main Board of the NSX be suspended and terminated with effect from 11 June 2019 or at such times and such dates as will be approved in accordance with the Bank of Namibia and by the NSX
Further to the cautionary announcement released on the Stock Exchange News Service of the Namibian Stock Exchange on 25 April 2019 relating to the circular to shareholders, supplementary information relating to the sum of the parts valuation, culminating in the fair and reasonable valuation range of N$8.95 to N$9.45 as per the E&Y Fair and Reasonable opinion included in the circular, is available on the this website.
Further to the cautionary announcement released on the Stock Exchange News Service of the Namibian Stock Exchange on 12 December 2018, the subsequent renewal of the Cautionary Announcement released on NENS on 23 January 2019 and 1 March 2019 and the announcement released on NENS on 11 April 2019. A combined circular has been issued today by Bidvest Namibia Limited and the Bidvest Group to a conditional Take-over offer in terms of sections 320 – 327 of the Companies Act….