• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies

Heineken offers to buy NBL’s SA stake

by editor
September 29, 2021
in Companies
47
A A
57
SHARES
958
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

O&L Leisure launches rewards programme to encourage local travel

NamRA collects N$12.78 billion in first two months of financial year

Namibian Breweries Limited (NBL) has announced that it has received an offer from Heineken N.V to acquire its 25% shareholding in Heineken South Africa (RF) Proprietary Limited estimated to be worth close to N$700 million.

NBL said it has since appointed an independent board consisting of former Standard Namibia CEO, Vetumbuavi Mungunda and Afra Schimming-Chase to evaluate the offer.

“NBL has established an independent committee of the Board (“Independent Board”) for purposes of considering the Potential HSA Transaction and other related matters, including evaluating the terms and conditions of the Potential HSA Transaction and advising shareholders thereon, as required under the Companies Act, 2004 (Act 28 of 2004) and the Listings Requirements of the NSX. The Independent Board comprises of Mr Vetumbuavi Mungunda and Ms Afra Schimming-Chase,” NBL said in cautionary statement issued on Wednesday.

The offer by the Dutch brewer, comes as Heineken, the world’s second-largest brewer, has approached South African wine and spirits maker Distell Group, to buy the “majority of Distell’s business”.

“Satisfactory progress has been made with regards to the discussions with certain issues still to be      agreed. The parties are committed to finalising these outstanding issues in the shortest possible time frame and Distell will inform shareholders immediately upon their finalization,” Distell said in an update and further cautionary announcement issued on Wednesday.

Cape-based Distell is the world’s second-largest cider maker, while Heineken is the second-largest beer brewer globally.

Distell owns brands like Savanna, Hunter’s and Klipdrift, has a market value of about N$31.8 billion.

author avatar
editor
See Full Bio
Tags: CompaniesLatest
Share23Tweet14Share4
Previous Post

AfriTin records strong interim performance

Next Post

PSG, IJG in N$21m IPO payday

Recommended For You

Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

by reporter
July 10, 2025
0
Namibia’s June inflation hits 3.7%, driven by food, alcohol and housing

Namibia’s annual inflation rate stood at 3.7% in June 2025, with food, alcoholic drinks, and housing costs being the main drivers, according to the Namibia Statistics Agency (NSA)....

Read moreDetails

O&L Leisure launches rewards programme to encourage local travel

by reporter
July 10, 2025
0
O&L Leisure launches rewards programme to encourage local travel

O&L Leisure has introduced a new rewards programme aimed at encouraging more Namibians to travel locally, offering significant discounts on accommodation and dining across its properties. The Leisure...

Read moreDetails

NamRA collects N$12.78 billion in first two months of financial year

by reporter
July 9, 2025
0
NamRA sees drop in illegal vehicle imports following moratorium

The Namibia Revenue Agency (NamRA) has collected N$12.78 billion in revenue between 1 April and 31 May 2025, as part of the current financial year. Of this total,...

Read moreDetails

Namibia’s national parks generate over N$140m annually

by reporter
July 9, 2025
0
Northern Namibia leads tourism growth with 58% occupancy in May

Namibia’s protected areas generate more than N$140 million annually from tourism and conservation fees and support the livelihoods of at least 500,000 people, according to a revised draft...

Read moreDetails

Namibia backs India’s pharmaceutical hub proposal

by reporter
July 9, 2025
0
Namibia backs India’s pharmaceutical hub proposal

Namibia has expressed its full support for India’s proposal to establish a pharmaceutical manufacturing hub in the country under the “Pharmacy of the World” initiative. President Netumbo Nandi-Ndaitwah...

Read moreDetails
Next Post
PSG, IJG in N$21m IPO payday

PSG, IJG in N$21m IPO payday

Related News

Airlines feel the pinch of ‘exorbitant’ fuel costs

Airlines feel the pinch of ‘exorbitant’ fuel costs

October 29, 2021
Daures Green Hydrogen Village to benefit from UK-funded A2D Facility

Daures Green Hydrogen Village to benefit from UK-funded A2D Facility

April 1, 2025
Govt needs over N$112bn to address greenhouse emissions

Govt needs over N$112bn to address greenhouse emissions

February 17, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.