Chamwe Kaira
Fashion retailer Truworths International has reaffirmed its presence in Namibia with 12 stores across the country as part of its African retail footprint.
The group operates 33 outlets outside South Africa, including 12 in Namibia, 12 in Botswana, five in Eswatini, two in Zambia, and two in Lesotho.
Truworths, listed on the Johannesburg Stock Exchange, the Namibian Stock Exchange, and A2X, said it is strengthening customer access through both physical and digital channels. Its online platform grew rapidly in 2025, with e-commerce sales rising 33.7% to account for 6.5% of Truworths Africa’s total retail sales.
The company confirmed that account facilities remain available in Namibia, South Africa, Botswana, and Eswatini.
This model allows Namibian customers to buy fashion goods through structured payment plans of up to 12 months.
The 2025 integrated report shows Truworths continues to invest in modernising its retail network despite economic headwinds.
The group is introducing new store concepts and improving trading space productivity. It said Namibian outlets remain central to its strategy of positioning as an anchor fashion tenant in malls and town centres across the region.
Independent non-executive chairman Hilton Saven said, “Truworths Africa delivered a resilient performance in the constrained consumer environment, although the slow retail sales had a significantly negative impact on the group’s overall performance.”
Group headline earnings per share fell 8% (3.7% on a pro forma basis) to 752 cents, while the annual dividend declined by 7.9% to 487 cents per share.
Despite pressure in the South African market, the group generated strong cash flows, maintained cost discipline, and delivered competitive returns, strengthening its balance sheet with an improved net cash position.
Cash generated from operations increased to N$4.8 billion, which funded dividend payments of N$2 billion.
Over the past five years, dividends returned to shareholders amounted to N$8.9 billion.
Capital investment reached N$674 million, including the final N$214 million spent on Truworths Africa’s new world-class distribution centre.
At a cost of about N$1 billion over three years, it is the largest capital project ever undertaken by the group.
The group reversed a net debt position of N$306 million in the prior period to a cash holding of N$720 million at the end of the reporting period.
