30 November 2017

Africa: Allan Gray Celebrates 21 Years in Namibia

Photo: Leadership
...

Investment manager Allan Gray on Tuesday evening celebrated their 21 years of Namibian operations at a party event held in Windhoek.

Allan Gray Namibia's managing director, James Mnyupe, said at the event they have come a long way and today, the company has a fully fledged retail business.

He said they decided they want to play a critical role not in a selected group any more but in the lives of average Namibians.

"In the past, you needed N$5 million to invest with Allen Gray. But today, you can invest as little as N$500 000 a month," he said.

"It is all about communicating with the ordinary man in the street," he added.

Although Allan Gray, which originates from South Africa and started the Namibian company in 1996, says it has started managing money for Namibians in 1984, and in the process managed to generate a long-term track record in Namibia.

Allan Gray Namibia's board chairperson, Robert Dower, said their value for people will continue and has always been as they are based on people's savings and they have to look after those savings.

He said that they are currently managing billions of dollars in savings in Namibia.

Namibia

Pilchard Fishing Suspended

Namibia will not harvest the pilchard fish species for the next three years and will only be able to catch a fraction of… Read more »

Copyright © 2017 The Namibian. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.