THE Windhoek Country Club (WCCR), one of the few state-owned enterprises which regularly pay dividends to government, handed over N$6 million in preference shares to government, in particular the ministries of public enterprise and environment and tourism.
At the occasion, Sven Thieme, Chairman of the Board of WCCR, said that he was again extremely pleased with the performance of the country club and the fact that they were, once again, able to give back to the shareholder.
“The WCCR has more than N$50 million in cash resources and is thus in a very healthy financial position. We are grateful for the fantastic co-operation we have received from government since 2004 and firmly believe that the impossible is possible when everyone works together,” Thieme said.
Bernadette Maria Jagger, the deputy minister of environment and tourism, applauded the performance of the WCCR and said it was a rare that a company stepped up its game.
“We appreciate and commend the WCCR and the positive impact they have made. Keep up the good work and continue to work hard,” Jagger noted.
Leon Jooste, minister of public enterprises, said that the WCCR was extremely well managed and was a world class asset, with a world class board and management, which has appointed world class staff.
“I would like to add that this is probably the best run public enterprise in Namibia and all credit goes to them for being a quality asset to their shareholder,” Jooste remarked.