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19.03.2010 Mondipak Namibia pays out dividends Theo Meyer (Financial Manager), Roswitha Kaura (Human Resources Manager), Michael Indongo (Chairman of the Employee Trust), Eila Kamanya (MANWU Branch Organiser) and Melvin Naobeb (Shop Steward).
IN 2004 Mondipak Namibia (Pty) Ltd offered employees a 5% stake in the business with an option to increase it to 9%.
The loan was heavily subsidised to enable employees to repay it in the shortest possible time to reward them for their hard work and most importantly to recognise them as business partners. The loan was repaid in April 2010. The trustees under the chairmanship of Michael Indongo resolved that the dividends be paid in 2010 before they can consider the second option of the additional 4% share. Dividends were paid out on 5 March 2010. This is indeed great achievement for both the company and employees. |
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