Trustees
Nolulamo Nobambiswano Gwagwa
BA, MTRP, MSc, PhD
Zwoitwaho Calvin Nevhutalu
M. Phil (Environmental law and management, environmental law and management)
Oren Fuchs
BA, Economics / Political Science, MSc(DP), Planning, Certificate (Finance), Finance / nvestments / Accounting, Distinction with Honours, Impact Investing, Executive Education, mpact Investing
Sizwe Errol Nxasana
BCom, BCompt (Hons), CA(SA
Elizabeth Maepa
BCom, Business/Commerce, General, Managing Marketing & Related Support Services
Amanda Tandi Nzimande
(APPOINTED NOT ON LOA) BCom, CTA, CA(SA), HDip Co Law
Mary Vilakazi
(APPOINTED NOT ON LOA) BCom (Hons), CA(SA)
Bongiwe Njobe
(APPOINTED NOT ON LOA) MSc and GCE O Level
firstrand namibia’s approach to transformation
The goal of the Namibian Financial Sector Charter (the charter or NFSC) is to guide the transformation of the Namibian financial sector within the context of Vision 2030 and the national development plans, as well as within an agreed timeframe. Although policy guidelines have been provided by the Minister of Finance, the charter has been voluntarily developed by the sector.
FirstRand Namibia considers transformation to be a critical strategic imperative for its business and the societies it serves. It is committed to the NFSC and has demonstrated steady improvement in meeting its goals over the past five years. This has been achieved through a strong empowerment strategy which is focused on the pillars outlined below.
A better macro environment
FirstRand Namibia strives to improve the macro environment by changing attitudes and promoting confidence in the country. Through the FirstRand Namibia Foundation Trust, FirstRand Namibia donates 1% of after-tax profits to carefully selected socio-economic development initiatives.
Employment equity
FirstRand Namibia aims to recruit and promote a disproportionately large number of black individuals, and expose them to an empowered and diverse environment. The business encourages employees to develop their skills and offers leadership and women development initiatives to build future leaders. FirstRand Namibia has embarked on several funding initiatives to that end.
Investment imbalances
FirstRand Namibia seeks to redress investment imbalances by financing development infrastructure, affordable housing and agriculture, as well as by providing cost-effective and innovative access to financial services to previously disadvantaged people in geographic locations where services were not previously accessible.
Development of black business
FirstRand Namibia procures from BEE-rated companies, particularly black-owned and black women-owned entities.
NFSC scorecard
The generic FSC BEE scorecard has the following components:
- ownership and control;
- human resource development;
- preferential procurement and enterprise development;
- corporate social investment (CSI);
- empowerment financing; and
- access and affordability of financial products.