NAMTIFS sells shares to locals
Namibia Trade Inspection and Forensic Services (Pty) Ltd (NAMTIFS) announcedthe sale of 59% of the company’s shares to Namibian citizens.
Of the 59% shareholding, 10% will be transferred into a workers’ trust. The sale of the shareholding forms part of the Namibianisation of the company. NAMTIFS company was previously 100% owned by a South African company, AgriInspec SA. Mr HK Angula and Mr J Nekwaya will be joining the company’s Board of Directors.
Helmut Angula was a member of the National Assembly of Namibia from 1990 to 2004 and again from 2008 to 2010. He had an illustrious career in the government, serving among others, as Minister of Works and Transport, Minister of Agriculture, Water and Rural Development, Minister of Finance and Minister of Fisheries and Marine Resources. He was the Director-General of National Planning Commission and served as the Permanent Observer for SWAPO at the UN in New York. He has a M.Sc degree from the Voronezh University in Russia and a B.Dip in International Relations.
John Nekwaya is the Chairperson of the Namibia Development Corporation and a member of the Namibian Institute of Bankers. He is an astute banker and has a B.Admin degree, CAIB and SMP from the University of Stellenbosch.
The mission of NAMTIFS is to enforce fair trade. NAMTIFS is a private forensic investigation company collaborating with interstate and government structures to combat financial fraud and international trade irregularities. NAMTIFS is focusing on import and export control, analyses of control samples, inspection services, counterfeit investigations, system analyses and international trade remedies.
The company currently performs border control functions for the Namibian Agronomic Board and Namib Mills.