NDTC foresees improved 2024
Namibia Diamond Trading Company (NDTC) CEO Brent Eiseb says the marketing firm is poised to have a better-than-expected 2024, building on the previous N$100 million it paid over to the government.He made the remarks during the announcement of a sports sponsorship to the Futsal League and the Harders Cup during the mining expo.
“In 2023, NDTC sold 77% of our total offering to NDTC sightholders who - in turn - processed 88% of the total sales in Namibia. The impact that this has had on the downstream industry has created sustainability and additional jobs,” Eiseb said.
He pointed out that NDTC was able to put its money where its mouth is, as evidenced by the significant dividend payments it made to government since its establishment.
“Again as I reminded you, and as we continue to pay our dues, NDTC has since inception in 2007 paid N$2.8 billion to our shareholders in dividends. Just for the year 2023, dividends amounted to N$100 million and we are well on track to deliver even better results in the current financial year, despite operating in a market that is ever-dynamic."
NDTC achieved significant milestones in corporate tax payments, contributing N$84 million in 2023 alone and a remarkable N$1.5 billion since its establishment in 2007. The company paid N$197 million in export levy payments in 2023, adding to a cumulative total of N$953 million since the enactment of the Export Levy Act in 2017.
Meanwhile, the Futsal League will receive N$450 000 over the course of the year to enable it to conduct its league activities, while the Harders Cup will receive N$200 000.