Chamwe Kaira
Bank Windhoek Limited has announced an interest payment on its BWZJ27 listed notes, according to a notice issued on the Johannesburg Securities Exchange (JSE).
Bondholders will receive a coupon payment of 9.2% for the interest period from 28 March 2025 to 28 June 2025.
The total interest amount is N$7.2 million. Payment will be made on 30 June 2025. PSG Capital acts as the debt sponsor for the BWZJ27 notes.
Paladin Energy Ltd, which owns the Langer Heinrich uranium mine in the Erongo Region, has appointed Paul Hemburrow as managing director and chief executive officer.
His appointment is effective from 1 September. Hemburrow is currently the Chief Operating Officer of Paladin, a position he has held since 2023. He will also join the board of the company. The board will expand to include a Canadian resident director.
Paladin said the appointment followed a planned and thorough succession process supported by global executive search firms.
Current CEO Ian Purdy has supported the transition and will remain available to assist the board and executive team until his notice period ends in mid-December.
Paladin chair Cliff Lawrenson said: “The board is pleased to appoint Paul as the stand-out executive in our sector who has the leadership attributes, technical skills and uranium knowledge to capitalise on the opportunities that Paladin has within its global asset portfolio. We are very confident in Paul’s ability to create value for shareholders in the years ahead, and this decision vindicates the leadership succession process the company has in place.”
FirstRand Namibia Limited has disclosed a major off-market transaction involving board chairperson Otto Nakasole Shikongo.
The transaction was reported under the Namibia Stock Exchange (NSX) listing requirements. It involved the transfer of 939,366 ordinary shares. The shares were sold by Shikongo’s investment vehicle, Sovereign Capital (Pty) Ltd, and acquired by Tshothi Investments (Pty) Ltd, in which he also holds a directorship and shareholding. The deal took place on 23 June at N$47.11 per share, with a total value of N$44.2 million, excluding levies and commissions. Cirrus Securities (Pty) Ltd sponsored the transaction.
Nictus Holdings Limited has announced a series of off-market share transactions tied to an internal group restructuring.
The restructuring focuses on consolidating the indirect shareholdings of board chairman GR de V Tromp and group managing director PJ de W Tromp across several trusts and corporate entities.
The transactions were conducted at N$2.90 per share on 19 June 2025. They do not result in a change in beneficial ownership, except for a small disposal to a third party.
Key transactions included the Nico Tromp Trust (trustees GR de V Tromp and PJ de W Tromp) selling 4,625,000 shares worth N$13.4 million. The Saffier Trust, with the same trustees, also sold 4,625,000 shares valued at N$13.4 million.
Landswyd Beleggings (Pty) Ltd sold 17,009,356 shares for N$49 million. The PC Trust (trustee PJ de W Tromp) sold 2,112,480 shares for N$6 million. The Ngepi Trust (trustee GR de V Tromp) sold 1,804,304 shares worth N$5.2 million.
Red Acre Trading (Pty) Ltd, directed by GR de V Tromp and owned by the Ngepi Trust, bought 14,933,982 shares valued at N$43 million. Ultra Investments (Pty) Ltd, directed by PJ de W Tromp and owned by the PC Trust, purchased 14,962,680 shares also valued at N$43 million. Haida Investments (Pty) Ltd, led by director and shareholder WO Fourie, acquired 279,478 shares worth N$810,486.
