Ovanhu Investments is the flagship Broad-based black economic (B-BEE) company, which owns 13% of the issued share capital in Bidvest Namibia Limited. Ovanhu Investments includes Womens Action for Development (WAD), Labour Investment holdings (LIH), Bidvest Namibia Community Trust and other leading entrepreneurs.
Ovanhu is about people. It’s not just about the bottom line. It’s about belief in entrepreneurship and the independence of the human spirit. Ovanhu reflects hope, celebration, and a sense of achievement. Most importantly, Ovanhu acknowledges the spirit of ownership which is a prerequisite for individuals looking to cultivate a sense of belonging and develop the confidence and self-reliance necessary for independent action on their own initiatives.
Pension and Provident funds own a further 22% of the shareholding, whereas the 13% of the shares are held by the broader public.
Bidvest Namibia is committed to BEE, which it regards as a regional, national and business imperative.
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.