Investment Structure

Our Portfolio

PORTFOLIO 3 HOLDINGS
Zaleka Clothing52.5%
Nam-mic Financial Services9.3%
Primehealth Namibia4.67%
Diversified Holdings

Strategic Investments Across Key Sectors

NAFAU Investment holds strategic equity positions in three Namibian companies operating across financial services, healthcare, and retail. The portfolio is managed to generate long-term value for NAFAU members, with active plans for further diversification into property development.

Total Holdings
3 Active Portfolio Companies
Spanning financial services, managed healthcare, and luxury retail and e-commerce.
Largest Position
52.5% — Zaleka Clothing
Founded 2017. Namibia's premium e-commerce platform stocking luxury and local brands.

Nam-mic Financial Services Holding

Financial Services Black Economic Empowerment NAFAU Stake: 6.6%

Founded on 11 October 2001, Nam-mic is a truly broad-based black economic empowerment company with more than two-thirds of its shares owned by NUNW-affiliated unions. Since its establishment, the NFSH Group has shown sustained growth in a highly competitive and regulated environment, building a strong and well-capitalised balance sheet.

NFSH currently has two subsidiaries: Nam-mic Financial Solutions (Pty) Ltd and Nam-mic Payment Solutions (Pty) Ltd, providing financial products and payments infrastructure to workers and members across Namibia.

Key Shareholders in NFSH
Capricorn Investments (CIH)
32.3%
Namibia Mineworkers IH
34.6%
NAFAU Investment Holding
6.6%
Effort Investment Holdings
20%
Downstream Partners
Sanlam
16.4%
Santam
12.05%
Capricorn Group
10.04%
Nam-mic Ownership Structure
Subsidiaries
Nam-mic Financial Solutions (Pty) Ltd (100%)
Nam-mic Payment Solutions (Pty) Ltd (100%)
Methealth Namibia

Primehealth Namibia (Pty) Ltd

Healthcare Administration Managed Care NAFAU Stake: 4.67%

Primehealth Namibia is a broad-based empowerment company providing health administration services in Namibia. Currently, Primehealth has a technical partnership with Methealth Namibia Administrators, an independent Namibian company that provides administration and managed healthcare services to Medical Aid Funds.

Through this partnership, NAFAU Investment contributes to expanding accessible healthcare for workers and their families across Namibia, a key social benefit aligned with the union's mandate.

Medical Aid Fund Clients
NMC, Bankmed, PSEMAS
Why Primehealth
Broad-based empowerment structure
Partnership with established managed care provider
Access to multiple Medical Aid Funds across Namibia
Expands healthcare access for food and allied workers

Zaleka Clothing (Pty) Ltd

E-Commerce Luxury Retail NAFAU Stake: 52.5%

Zaleka Clothing was founded in 2017, venturing into retail and online shopping. This led to the formation of zaleka.com, Namibia's premium online shop stocking luxury brands such as Polo and C-squared.

Through zaleka.com, Namibians from all over the country have access to a wide range of clothing and international brands not otherwise accessible through traditional retail. The Zaleka eShop is a complete e-commerce application enabling B2C shopping for Namibian consumers and B2B digital presence for companies seeking an online retail channel.

Founded
2017
Business Model
B2C & B2B
Platform
zaleka.com
Flagship Brands
Polo & C-squared