NAMDEB and NAMITVEST signed an agreement that will make it easier for employees to invest, plan, and secure their financial future.

Through the agreement, participating employees will be able to allocate a portion of their monthly salaries toward share subscriptions seamlessly and securely.

The arrangement ensures compliance with applicable labour regulations while maintaining affordability and transparency for employees.

According to Mayemelo Kalumbu, the Chairperson of NAMITVEST, "This initiative speaks directly to the needs and aspirations of our members. Workers are not only seeking income; they are seeking security, dignity and a future that extends beyond their working years. This partnership responds to that call. It ensures that workers are not just participants in the economy but active stakeholders in wealth creation. It allows them to move from earning a wage to building an asset base."

The acting president of the Mine Workers Union, Poco-Key Mberiuana, said the Payroll Deduction Agreement is a practical instrument of economic empowerment for employees, removing obstacles and creating a direct channel for members to build their investments consistently and affordably.

"As a union, we will continue to advocate for more initiatives of this nature that empower, include, and uplift workers by putting money back into their pockets and securing their futures. Economic justice does not end at collective bargaining; it extends to every avenue through which workers can build wealth and stability. Today, we celebrate an agreement. But let us also celebrate what it represents: a partnership between a union, an investment vehicle, and an employer, all united by a common purpose: the prosperity of the Namibian worker."

NAMDEB's Chief Executive Officer, Riaan Burger, emphasised the importance of employees to the company, reaffirming the company's commitment to the workforce.

"At NAMDEB, we believe that our people are at the heart of everything we do. Our success as an organisation is intrinsically linked to the wellbeing, financial stability, and long-term prosperity of our employees. Today's agreement reflects that commitment in a very tangible way. This partnership with NAMITVEST is more than just an administrative arrangement; it is an enabling platform. It creates a structured, accessible pathway for our employees to participate in wealth creation and investment opportunities in a manner that is both disciplined and sustainable."

The agreement is effective immediately, and employees will be enrolled in the programme on a voluntary basis.