Rosh Pinah Zinc, MUN look toward NAMITVEST cooperation
Rosh Pinah Zinc Corporation (RPZC) and Namitvest formalised a Payroll Deduction Agreement that will allow Mine Workers Union of Namibia (MUN) members employed at RPZC to conveniently purchase Namitvest shares through automated salary deductions.
Rosh Pinah Zinc is a long-established mine producing zinc located in the southwest of Namibia, employs a significant number of MUN members. The agreement marks a major milestone in strengthening worker empowerment, deepening financial inclusion, and advancing meaningful economic participation within the mining sector.
Through this arrangement, MUN members at RPZC will be able to acquire Namitvest shares at a 50% discount and pay for them through interest-free instalments spread over a 60-month period. Importantly, they retain full ownership of all paid-up shares even after their employment at the mine ends.
Namitvest which holds a 25% stake in NAMMIC Holdings, currently valued at over N$800 million represents a successful empowerment initiative built by the Mine Workers Union of
Namibia. NAMMIC Holdings has established investments across multiple sectors through partnerships with leading companies such as Capricorn, B2Gold, Walvis Bay Salt, and Avis.
Through this agreement, Namitvest aims to ensure that investment becomes more accessible and meaningful to every MUN member, while RPZC affirms its commitment to strengthening sustainable and inclusive economic growth.
Shareholders have already benefited from dividend payouts in November 2024 and April 2025, with another distribution due in December this year. In addition to dividends, shareholders
enjoy rewards through the MyGateway app, which offers retail discounts, airtime bonuses, and other benefits.
Speaking at the ceremony, Mekondjo Erastus the head of research and ESG and director at Monasa Advisory & Associates emphasised the significance of the initiative.
“NAMITVEST, holding a 25% stake in NAMMIC Holdings, continues to strengthen this legacy of empowerment built by the MUN. Established in 1997, NAMMIC Holdings, now valued at over N$800 million, has invested across several key sectors through partnerships with leading companies such as Capricorn, B2Gold, Walvis Bay Salt, and Avis, among others. This history and success form the foundation upon which Namitvest continues to grow for workers, by workers,” he said.
Allen Mayemelo Kalumbu, MUN Southern Regional Chairperson emphasised the broader significance of the initiative.
“I see this initiative as a bridge connecting economic opportunity with social justice. It enables MUN members to become active participants in wealth creation and ensures that progress is shared fairly within our mining sector,” Kalumbu said.
Paulus Situmba the MUN Assistant General Secretary and NAMITVEST Director highlighted the transformational impact.
“For too long, workers have been seen only as employees. This agreement acknowledges MUN members as stakeholders and co-owners, giving them control over part of their financial future. Through Namitvest, union members can invest in themselves, their families, and the collective strength of our movement,” Situmba said.
Speaking on behalf of the Rosh Pinah Zinc Corporation management, Roelof Pretorius the Acting GM at Rosh Pinah Zinc emphasized the company’s belief in partnership and shared prosperity. “At RPZC, we believe that sustainable success is built on partnership and shared prosperity. The Payroll Deduction Agreement we are signing today reinforces this belief. It ensures that our employees, who dedicate their skill and energy to this company every day, can now participate in an investment that builds long-term financial security and ownership.”
RPZC management reiterated its dedication to supporting initiatives that promote sustainable community growth and the long-term well-being of its workforce. As this initiative takes root, it is expected to create lasting value for mine workers, their families, and the wider Rosh Pinah community, reinforcing a future where economic progress is both inclusive and transformative.
Rosh Pinah Zinc is a long-established mine producing zinc located in the southwest of Namibia, employs a significant number of MUN members. The agreement marks a major milestone in strengthening worker empowerment, deepening financial inclusion, and advancing meaningful economic participation within the mining sector.
Through this arrangement, MUN members at RPZC will be able to acquire Namitvest shares at a 50% discount and pay for them through interest-free instalments spread over a 60-month period. Importantly, they retain full ownership of all paid-up shares even after their employment at the mine ends.
Namitvest which holds a 25% stake in NAMMIC Holdings, currently valued at over N$800 million represents a successful empowerment initiative built by the Mine Workers Union of
Namibia. NAMMIC Holdings has established investments across multiple sectors through partnerships with leading companies such as Capricorn, B2Gold, Walvis Bay Salt, and Avis.
Through this agreement, Namitvest aims to ensure that investment becomes more accessible and meaningful to every MUN member, while RPZC affirms its commitment to strengthening sustainable and inclusive economic growth.
Shareholders have already benefited from dividend payouts in November 2024 and April 2025, with another distribution due in December this year. In addition to dividends, shareholders
enjoy rewards through the MyGateway app, which offers retail discounts, airtime bonuses, and other benefits.
Speaking at the ceremony, Mekondjo Erastus the head of research and ESG and director at Monasa Advisory & Associates emphasised the significance of the initiative.
“NAMITVEST, holding a 25% stake in NAMMIC Holdings, continues to strengthen this legacy of empowerment built by the MUN. Established in 1997, NAMMIC Holdings, now valued at over N$800 million, has invested across several key sectors through partnerships with leading companies such as Capricorn, B2Gold, Walvis Bay Salt, and Avis, among others. This history and success form the foundation upon which Namitvest continues to grow for workers, by workers,” he said.
Allen Mayemelo Kalumbu, MUN Southern Regional Chairperson emphasised the broader significance of the initiative.
“I see this initiative as a bridge connecting economic opportunity with social justice. It enables MUN members to become active participants in wealth creation and ensures that progress is shared fairly within our mining sector,” Kalumbu said.
Paulus Situmba the MUN Assistant General Secretary and NAMITVEST Director highlighted the transformational impact.
“For too long, workers have been seen only as employees. This agreement acknowledges MUN members as stakeholders and co-owners, giving them control over part of their financial future. Through Namitvest, union members can invest in themselves, their families, and the collective strength of our movement,” Situmba said.
Speaking on behalf of the Rosh Pinah Zinc Corporation management, Roelof Pretorius the Acting GM at Rosh Pinah Zinc emphasized the company’s belief in partnership and shared prosperity. “At RPZC, we believe that sustainable success is built on partnership and shared prosperity. The Payroll Deduction Agreement we are signing today reinforces this belief. It ensures that our employees, who dedicate their skill and energy to this company every day, can now participate in an investment that builds long-term financial security and ownership.”
RPZC management reiterated its dedication to supporting initiatives that promote sustainable community growth and the long-term well-being of its workforce. As this initiative takes root, it is expected to create lasting value for mine workers, their families, and the wider Rosh Pinah community, reinforcing a future where economic progress is both inclusive and transformative.
