FirstRand Namibia declared dividends amounting to N$321,971,760 to the Government Institutions Pension Fund (GIPF).
According to FirstRand Namibia, the dividends were from the financial year ended June 2023.
“The GIPF’s 15.7% shareholding in FirstRand Namibia Ltd ensures financial stability, growth, and security for GIPF’s members and beneficiaries funds, through the dividends from FirstRand Namibia. This gesture solidifies the deep and enduring partnership between the two organizations as they work towards delivering shared prosperity for Namibia,” said Hileni Amadhila, FNB Namibia Communications Specialist.
The portfolio of financial services businesses under FirstRand Namibia includes FNB Namibia, RMB Namibia, WesBank Namibia, Ashburton Investments Namibia, and PointBreak Wealth Management.
Meanwhile, GIPF said, the dividend declaration is a reflection of FirstRand Namibia’s commitment to creating value for its shareholders.
GIPF is a statutory pension fund that provides pension and related benefits to civil servants and employees of participating employers in Namibia.
