K80 million invested in Brian Bell

MEMBERS of the National Superannuation Fund (Nasfund) have about K80 million invested in the Brian Bell group of companies, says chief executive officer Ian Tarutia.
Tarutia said Nasfund, on behalf of its members, had 20 per cent equity in Brian Bell.
“So in terms of value, that’s about K80 million of investment that Nasfund members have in Brian Bell,” he said.
“Also, the staff of Brian Bell are stakeholders of the company.
“The value proposition to our members is the discount offered to our membership.
“It’s important because our members are able to stretch their kina more when buying from any of the Brian Bell outlets throughout the country.
“Their spending is stretched a little further because of the discounts offered by Brian Bell.”
Tarutia said the savings to members in terms of the transactions made was about K500,000 per annum.
“That is real value back to our members and that’s the kind of partnership that we enjoy with Brian Bell as a significant member of our significant membership discount programme,” he said.
Brian Bell Group chief executive officer Cameron Mackellar had said earlier that Nasfund and Nambawan Super Ltd had been shareholders of Brian Bell for years.