13
Jun
MICC Properties Namibia (Pty) Ltd, recorded a profit of N$44 million for the year ended 30 March 2024 compared to N$41 million in the previous year. The company controls 269 Independence, Katutura Shopping Centre, and retail centres in Ondangwa, Oshakati and Oshikango. Vukile Property Fund of South Africa has a 36% interest in MICC Properties Namibia. The group said opening balance at carrying value at N$134 million compared to N$119 million in 2023. Rental revenue during the period was N$137 million compared to N$129 million in 2023. MICC said net operating income was N$86 million while profit was N$44 million…