Long-serving Ultimate Safaris staff reap the rewards.

Long-serving Ultimate Safaris staff reap the rewards.

Ten Ultimate Safaris Tribe Trust trustees were earlier this month paid their share of the almost N$ 140 000 Trust dividends, each of them walking away with almost the equivalent of a full month’s salary. Dividend declarations are guided by Ultimate Safaris conservative dividend policy, which dictates that 30% of profits are declared as dividend and the remaining 70% reinvested into the company and building resilience for […]

June 3, 2024 9

Namibia

IUM to invest N$3 million in post-graduate start-ups

https://youtu.be/BxvVW8SXZmU By Ketemba Tjipepa The International University of Management (IUM) will be establishing five companies this year, allowing graduates to become shareholders by presenting their bankable project ideas, to empower them with business ownership opportunities. This was revealed by IUM founder, professor David Namwandi during the university’s winter graduation at Windhoek’s showgrounds on Friday. The N$3 million investment by the university will involve staff members assisting graduates in managing their projects until they […]

May 21, 2024 20

Business / Economics

Trustco Group reports resilient 2023 financial results

Trustco Group Holdings Limited has released its 2023 financial results. The group maintained strong financial standing, ending the year with N$ 1.15 billion in shareholders' equity. However, the Group's Net Asset Value declined from N$ 1,834 million to N$ 1,153 million. Here’s Deputy CEO Quinton Van Rooyen Junior.

December 19, 2023 57