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.
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….
The shareholders of Bidvest Namibia are informed that on 10 April 2019, Bidvest Namibia received a Binding Conditional Offer (“”Offer”) from Bidvest Group, the majority shareholder of Bidvest Namibia, to acquire all of the shares held by the minority shareholders in Bidvest Namibia (“Bidvest Namibia Shareholders”) at 10.50 per share, which Offer will be subject to inter alia the successful passing of the De-listing Resolution as set out in the conditions, together with the take-over statement and Offer amounts to a takeover scheme.
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.