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Two prominent Namibian businessmen pass on

Two prominent Namibian businessmen pass on

Staff Reporter

THE passing of Festus Naholo and Piet Coetzee, two prominent Namibian businessmen since the start of the weekend, has left large swaths of the nation in mourning.


Piet Coetzee, founder of Namboer Auctioneers and small stock stud farmer who contributed significantly to the development of certain aspects of agriculture in Namibia has passed earlier on Sunday at the age of 56 after battling leukaemia for quite some time.


Besides the auctioneering business Coetzee also had several other business interests and successfully ran several stud farming businesses comprising of pure Kaokoveld Damara sheep stud, a red Damara sheep stud, a Van Rooy stud, a Veldmaster stud, a Boer goat stud and a Kalahari Red goat stud.

The 73-year-old Swapo business mogul, Festus Naholo passed on in a Windhoek hospital on Friday morning after a short sickbed.


Naholo was the former secretary of economic affairs for Swapo and is credited with establishing numerous companies for the ruling party’s benefit during his tenure in the highest echelons of the institution following Namibia’s independence in 1990.


Funeral arrangements will be made available at a later stage.

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