A new partnership is set to give mineworkers a stake in a developing company.

Namitvest Investment Holdings and Swakop Uranium have signed an agreement that will allow mineworkers to invest in JTT Public Holdings Company, giving them a direct share in its future success.

The agreement allows employees at Swakop Uranium to purchase shares through automatic salary deductions.

Employees will be able to purchase shares ranging from N$15,000 to N$25,000.

Swakop Uranium will handle the collection process on behalf of Namitvest, making it easy for employees to invest.

Financial figures will be determined based on the number of shares the employee wishes to purchase.

The Director of Namitvest, Paul Smokey, says that they have crafted an agreement that aligns with both company objectives and employee aspirations.

He further stated that the agreement ensures accessibility, transparency, and efficient wealth building.

In the fourth quarter of 2024, Namivest made its first dividend payout of N$914,000, with the second payout set to take place in the first quarter of 2025.

To date, Namitvest has about 1,700 applicants.