The first Bidvest Namibia Sales and Retail Academy ended on a high note last week as the participants presented the outcome of their learning and sales initiatives in their respective companies to Bidvest Namibia Management. Presented by Anton du Preez, the academy focused on various aspects of sales and marketing techniques to improve the sales skills, business acumen and competencies of sales staff in the group’s companies. After sending the presenter, Anton, out of the room, Bidvest Namibia CEO, Sebby Kankondi asked the participants whether the sales academy had been worth it. The response was overwhelmingly positive, paving the way for next year’s Sales and Retail Academy.
Over the past six months the participants had to attend classes, carry out business and sales growth simulations while implementing real-life sales growth initiatives in their respective companies, using their newly acquired skills and techniques. Some of the key focus areas included a more structured sales approach that hovered on hunting and farming customers and closing the deal (harvesting). Other key topics focused on the importance of sales staff knowing their financial and sales numbers and trends, the importance of knowing the market size and value proposition, adding value and innovation to their products and services, taking accountability for their sales drives outcomes and being opportunity driven.
Anton summed it up in one session saying that “many sales people are always busy. They do a lot of things, they are very busy, but they deliver no tangible results, because they are not focused on what they want to achieve. Your performance is determined by your behaviour, and your behaviour by your attitude. Change your attitude and behaviour and you change your performance!”
Staff members from Manica, T&C, Waltons, Kolok, Novel Motor Company, Cecil Nurse successfully completed the academy, including Joseph Payne, Gideon Kok, Marle van Zyl, Charl Fouche, Marlene Alberts, Amanda Louw, Antonio Loxton, Anrie Verwey, Ricardo Schneiders, Thorsten Kubas, Clear Katjangua.
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.