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NAM-MIC Holdings (PTY) Ltd > Company

Our Story

The Namibia Mineworkers Investment Holdings Company (NAM-MIC Holdings) (Pty) Ltd was incorporated on 7th July 1997 when the National Executive Committee of Mineworkers Union of Namibia (MUN) created the Namibia Miners Investment Trust (NAMIT). The main business objective of Nam-mic Holdings is to act as principal investing in movable and immovable property, both  corporeal  of every description and in particular, patent rights, land, building, shares, stocks, debentures, debenture stock, mortgage and other bonds, obligation and securities of all kinds whether by way of purchase, original subscription, tender, exchange or otherwise. was created to pursue investment opportunities and is wholly owned by the NAMIT after initial capitalization of N$ 600 000.00 from the Trust. The beneficiaries of the Trust are defined as current and ex-mineworkers, energy workers, their dependents and the communities they hail from.

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After the MUN realized that there was a great need for its active participation in the development and restructuring of the Namibian economy. This resulted in the adoption of a resolution which led to the creation of to create of NAM-MIC Holdings. NAM-MIC Holdings was created to enter into business joint ventures with credible and visionary partners to jointly service identified emerging markets and at the same time empowering the previously disadvantaged groups of the society by creating capacity that will enable them to develop new industries and broaden the economic base that will lead to new job opportunities.

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Year of Establishment

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Initial Capital

0Millions

Dividend paided to date

The main business objective of NAM-MIC Holdings is to act as principal investing in movable and immovable property, both corporeal of every description and in particular, patent rights, land, building, shares, stocks, debentures, debenture stock, mortgage and other bonds, obligation and securities of all kinds whether by way of purchase, original subscription, tender, exchange or otherwise.

Vision

To be the leading broad- based organisation that strives to make a significant impact on the socio-economic development of Namibia.

Mission


To optimise shareholder’s value through diligent investments.


Values

• Excellence
• Prosperity
• Integrity
• Care