Bidvest Namibia is a Namibian services, trading and distribution company listed on the Namibian Stock Exchange. We employ more than 2,500 people and our roots are firmly Namibian. In a big business environment we run our company with determination and commitment evident in a small business heart. We believe in empowering people, building relationships and improving lives. Entrepreneurship, incentivisation, decentralised management and communication are key ingredients to our success.
We subscribe to a philosophy of transparency, accountability, integrity, excellence and innovation in all our business dealings. We turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process. But most importantly, we understand that people create wealth, and that companies only report it.
The Board of Bidvest Namibia announces that Ms. Theresa Weitz will be resigning as executive director effective March 6, 2018. Bidvest Namibia would like to thank Ms. Weitz for her valued contribution to the company.
Bidvest Namibia anticipates basic earnings per share (EPS) to be up between 28% and 33% and headline earnings (HEPS) for the half-year ended December 31 2017 to be down between 127% and 132% on the previous corresponding period.
The Board of Bidvest Namibia announces that Mr. Peter Meijer will be retiring as nonexecutive director effective February 28 2018. Bidvest Namibia would like to thank Mr.
Meijer for his valued contribution to the company.
Further to the cautionary announcements dated November 8 and December 20 2017, 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.