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 Mineworkers Union of Namibia has signed a wage agreement with Swakop Uranium for the next three years.

The agreement will see employees within the bargaining unit receiving N$5000 on their basic salaries this year, N$5 450 next year and N$5 900 in 2025.