Ashburton Investments launched

FNB Namibia Holdings on Wednesday launched Ashburton Investments, an asset management company, as the fourth pillar of its South African shareholder, FirstRand Group.

Real estate sector struggling

The country’s real estate sector, in particular the residential property segment, which was previously propped up by cash-flush Angolans, has taken a hit, resulting in fewer buyers negotiating prices downwards, experts said this week.

Ashburton to launch latest in June

FNB Namibia Holdings subsidiary, Ashburton Fund Managers Namibia, is expected to be operational by June, after the asset management firm secured a licence from regulators in December. FNB Chief Marketing Officer: Strategic Marketing and Communications, Tracey Eagles, told the Windhoek Observer this week that Ashburton Namibia’s licence was given the regulatory green light well before the Pointbreak acquisition approval came through last month.


The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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