Former and current members of the Mine Workers Union of Namibia (MUN) and their descendants have an opportunity to become shareholders in a new investment company dedicated to growing their financial worth.
Just Transition Investment Trust is an entity initiated by the MUN and launched in Windhoek under the theme "Creating a vehicle for generational wealth."
Mineworkers, represented by the Mine Workers Union of Namibia, came together in 1997, contributing to the opening of a trust and sharing the vision to make sure they benefit from the proceeds of their labour, retire comfortably, and be able to take care of their families.
To date, the Namibia Just Transition Fund has received 830 applications for subscription.
It is now set to hand over shareholder certificates to 522 paid-up members and former members of the MUN, and their dependents.
"JTT Namibia Limited, which holds 100% of NAMITVEST Investment Holdings, is now a public company, reflecting our dedication to transparency, accountability, and market growth. The transformation from Just Transition Trust to Just Transition Investments signifies our evolution and readiness to make a lasting impact on Namibia's investment landscape," said Nam-Mic CEO Joshua Kaitungwa.
The transfer secretaries are given the mandate to ensure that members' money is well taken care of.
Transfer Secretaries Manager Alexandrea Ullrich says the correct expertise is in place to effectively manage Just Transition Investment and ensure that the shareholders receive their fair dividends.
"Transfer Secretaries offer stakeholders the assurance that the administration of their shareholding is entrusted to seasoned professionals with a wealth of expertise. Our track record in managing various aspects of share administration, whether for listed or unlisted entities, instills confidence through our adept handling of processes. This assurance from transfer secretaries underscores JTT's commitment to transparency, accountability, and market growth."
Just Transition Investment will be rolling out its shareholder certificates to members in all regions.
They also intend to create awareness among those who may not yet know of the initiative.