Country Club registers highest profit since 2014

The Windhoek Country Club and Resort (WCCR) achieved its highest profit since 2014, recording a profit of N$15.3 million on the back of the Covid-19 pandemic.The WCCR, in which government owns a 50% stake together with Legacy Hotels and Resorts, was also able to declare a N$20 million dividend.WCCR board chairperson Dr Evans Simataa said the hotel was able to generate profit because of special initiatives undertaken.“In 2021, we recorded losses of N$ 17.7 million and in 2022, we reduced the loss to N$ 4.2 million. However, I am thrilled to report that our efforts and strategic initiatives have borne fruit, leading to a profit of N$15.3 million in the 2023 financial year. This marks the highest profit our business has recorded since 2014.”Exciting future Simataa expressed his gratitude towards the government, his fellow board members and the management of the WCCR, saying he is confident that 2024 is set to be the best financial year in the history of the WCCR.“I look forward to the exciting journey that lies ahead,” Simataa said.Deputy executive director Louise Shixwameni said the WCCR’s model was one to be lauded by other public enterprises.“The property has a working business model, and I encourage all the public enterprises to follow the example of the WCCR,” Shixwameni said.

Country Club registers highest profit since 2014

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Namibian Sun 2025-07-03

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Country Club registers highest profit since 2014

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Namibian Sun 2025-07-03

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