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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Pursuant to the cautionary announcements by Bidvest Namibia published on NENS dated November 8 2017, December 20 2017, January 31 2018, March 14 2018, April 25 2018 and June 6 2018, shareholders are advised that Bidvest Namibia, through its wholly owned subsidiary Bidvest Namibia Property Holdings (Proprietary) Ltd (“Bidvest Namibia Property”) has acquired the remaining issued share capital of Namsov Industrial Properties (Proprietary) Ltd (“NIP) and United Fishing Enterprises (Proprietary) Ltd (“UFE”), as at the effective date, subject to the terms and conditions as set out herein (“the transaction”).
More information in the attached PDF.
Pursuant to the cautionary announcements by Bidvest Namibia published on NENS dated November 8 2017, December 20 2017, January 31 2018, March 14 2018, April 25 2018 and June 6 2018, and the voluntary announcement published on NENS dated 1 2 July 2018 relating to the acquisition by Bidvest Namibia Property Holdings (Proprietary) Ltd (a wholly owned subsidiary of Bidvest Namibia), shareholders are advised that Bidvest Namibia has disposed of the entire issued share capital of Bidvest Namibia Fisheries Holdings (Proprietary) Limited (“Bidfish”) and/or any of the company’s subsidiaries as at the effective date to Tunacor Fisheries Limited (“Tunacor”) (“the transaction”), subject to the terms and conditions as set out herein.
More details in the attached PDF.
Further to the cautionary announcements dated November 8 2017, December 20 2017, January 31 2018, March 14 2018 and April 25 2018, 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.
The Board of Bidvest Namibia hereby announces the appointment of Mr. Mark Steyn to the Board of Directors effective May 23, 2018.