FAQs

The questions members ask most often about SHAREs, dependants, limits and reporting.

What is the difference between a SHARE and a share on the stock exchange?

A share is direct ownership in a company whose components of ownership are freely tradable on the stock exchange. A NAMITVEST SHARE is a unique portion of benefit that NAMITVEST offers its SHARE owners. Each SHARE gives access to rewards, a built-in discount at purchase, and a lower risk profile than buying one share in a company on the stock market.

My children are adopted. Do they still qualify as dependants?

A dependant can be a non-biological child of a former or present MUN member, provided the member has legally recorded and recognised guardianship that can be proven with documents.

How do we know what is going on at NAMITVEST if we invest?

You are buying SHAREs in the structure that owns and controls NAMITVEST. It reports to its members, who you are a part of. You can trust what they do, because they are accountable to you.

Why can’t I sell my SHAREs right away?

Because NAMITVEST wants to grow the wealth of its SHARE holders, and that means letting things grow. It is like cattle — you don’t sell them when they are calves, you wait until they are mature. SHAREs work the same way.

Why is there a limit on the number of SHAREs I can buy?

Because NAMITVEST wants as many MUN former members, present members and their dependants to benefit. Allowing one group to buy them all would not allow that to happen, which is why there are limits on how much everyone can buy.

How will I know how my SHAREs are doing once the offer is taken up?

NAMITVEST provides a report on fund performance every year, allowing SHARE owners to see the value of their SHAREs and to know the underlying situation with their investment.

Can I form a CC with my spouse to buy more SHAREs?

Yes. You can buy SHAREs by creating an entity with your spouse, your children and others to increase the number of SHAREs available to you.

If I am 70, why still buy these SHAREs?

SHAREs are an investment in the future of not just you but your family. Even if you buy them now, you can pass them to your spouse or your dependants. Use SHAREs to give wealth over to your family for tomorrow.

Ready to buy your SHAREs?

Start the application online, or download the form and hand it in at a walk-in centre. Our call centre will take you through the documents you need.