Letshego Holdings Namibia Announces Salary and Medical Aid Increases for Bargaining Unit Employees

MEDIA RELEASE                                  

Issued: 22 July 2025

Letshego Holdings Namibia is pleased to announce the successful conclusion of its annual salary negotiations with the Namibian Financial Institutions Union (NAFINU) on 22 July 2025, resulting in a total remuneration adjustment of 6.5% for employees in Bands 7 and 8 of the Bargaining Unit. This adjustment includes increases to both basic salary and medical aid contributions, effective 1 April 2025.

As part of the agreement:

• Employees will receive a 6% increase on their basic salary.

• Letshego’s contribution to medical aid will rise from 80% to 90%, significantly easing the financial burden on employees, whose contribution remains at 10%.

• The adjustment will be retrospectively applied and reflected in the August 2025 payroll.

• Employees who joined the company on or after 1 January 2025 will not be eligible for this adjustment.

“This agreement reflects our commitment to fair and responsible employment practices, rooted in our Ubuntu values of compassion, respect, and shared success,” said Dr. Ester Kali, CEO of Letshego Holdings Namibia. “As Letshego grows, we remain dedicated to recognising and rewarding the people who drive our progress.”

Letshego Holdings Namibia continues to position itself as a responsible corporate citizen, fostering a culture of transparency, equity, and care for its people.

For media inquiries, please contact:

Mrs. Ongame Mutorwa

Communications Manager

Tel: (+264) 81 255 3658

E-mail: OngameM@Letshego.com