Bidvest Namibia Acknowledges its social responsibility towards communities in which it operates and deserving institutions at large. Each Bidvest Namibia contributor is responsible for delivering results in line with the overall Bidvest Namibia strategy. This philosophy of respect for local autonomy means that Corporate Social Investment (CSI) initiatives are undertaken at corporate, divisional and business unit level.
Bidvest Namibia’s social investments tend to focus on education, health (including HIV/Aids), job creation, economic empowerment, community support and poverty alleviation. Bidvest Namibia’s commitment in Namibia is symbolized through the Bidvest Namibia Community Trust, through Ovanhu, which owns 13% of Bidvest Namibia Shares and the Namsov Community Trust which owns 10% of Namsov Fishing Enterprises.
We also have the Bidvest Namibia Enterprise Development Fund which assist SME’s. The mission of the trusts is to promote the well-being of the individuals and communities by giving them a chance to sound development.
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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.