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.
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.