WAD becomes shareholder in Rennies Travel Namibia

WOMEN’S Action for Development, has become a 25 per cent shareholder in Rennies Travel Namibia.

Lilian Boyel, the Chief Executive Officer of Rennies Travel in South Africa, made the announcement at WAD’s 10th anniversary celebrations in Windhoek on Friday. In addition to income from dividends, the partnership encompasses assistance for WAD training centres, the training of apprentices and increased business opportunities in the years ahead, Boyle said.She said they decided to give WAD a share in Rennies Travel Namibia as the South African company supports a similar women’s self-help group in South Africa, the Women’s Development Business Trust (WDBT).The trust, says Boyle, is empowering a vast number of women through giving them funds and training for small business ventures.”The similarity between WDB Trust shareholders in South Africa and WAD here in Namibia is remarkable.Both organisations are dedicated to the upliftment of rural women, seeing in them the will and the potential to bring enterprise, wealth and job creation into areas where it is most desperately needed,” said Boyle.She said their deal with WAD and WDB Trust means that Rennies Travel now has an effective black shareholding of over 53 per cent.WAD Executive Director, Veronica de Klerk, applauded Rennies Travel for taking them on board as their new Black Economic Empowerment partner.”Let me assure you, Madam, that with your announcement you have clearly demonstrated that your company is willing and able to subscribe to the economic advancement of our country as well as the growth of a new spirit of unity and nation-building within our nation,” De Klerk said.In order to facilitate the sharing of ideas, De Klerk has been appointed as a member of the Rennies Travel board, while Heike Schulz of Rennies Travel Namibia has been appointed as a member of WAD.WAD has helped thousands of rural women by training them so that they can start their own income-generating projects to support their families.Rennies Travel Namibia is a retail travel company operating from six locations in the country, with access to the expertise, product range and buying power of the Rennies Financial Services group in South Africa.In addition to income from dividends, the partnership encompasses assistance for WAD training centres, the training of apprentices and increased business opportunities in the years ahead, Boyle said.She said they decided to give WAD a share in Rennies Travel Namibia as the South African company supports a similar women’s self-help group in South Africa, the Women’s Development Business Trust (WDBT).The trust, says Boyle, is empowering a vast number of women through giving them funds and training for small business ventures.”The similarity between WDB Trust shareholders in South Africa and WAD here in Namibia is remarkable.Both organisations are dedicated to the upliftment of rural women, seeing in them the will and the potential to bring enterprise, wealth and job creation into areas where it is most desperately needed,” said Boyle.She said their deal with WAD and WDB Trust means that Rennies Travel now has an effective black shareholding of over 53 per cent.WAD Executive Director, Veronica de Klerk, applauded Rennies Travel for taking them on board as their new Black Economic Empowerment partner.”Let me assure you, Madam, that with your announcement you have clearly demonstrated that your company is willing and able to subscribe to the economic advancement of our country as well as the growth of a new spirit of unity and nation-building within our nation,” De Klerk said.In order to facilitate the sharing of ideas, De Klerk has been appointed as a member of the Rennies Travel board, while Heike Schulz of Rennies Travel Namibia has been appointed as a member of WAD.WAD has helped thousands of rural women by training them so that they can start their own income-generating projects to support their families.Rennies Travel Namibia is a retail travel company operating from six locations in the country, with access to the expertise, product range and buying power of the Rennies Financial Services group in South Africa.