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Sanlam makes N$6.5 billion bid for Assupol
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Sanlam makes N$6.5 billion bid for Assupol

Sanlam last week proposed to buy its smaller competitor, Assupol Holdings Limited, for around N$6.5 billion. Sanlam has officially stated its intention to acquire 100% of the issued ordinary shares of Assupol through a scheme of arrangement, with a fallback general offer to Assupol shareholders. 

NAC records N$19 million profit for 2022/2023
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NAC records N$19 million profit for 2022/2023

The Namibia Airports Company (NAC) recorded a profit of N$19 million for the 2022/2023 financial year. This was revealed during the NAC’s recent AGM, where the Annual Financial Statement (AFS) showed the company turned from a loss-making position of over N$93 million in 2022 to a profit of more than N$19 million in 2023.