Pointbreak commenced business as a private equity management company in late 1999, when Pointbreak obtained committed capital of R30m from a handful of individuals. This fund was a venture capital fund with the mandate to invest in start-up businesses that possessed a strong management team with a high level of intellectual capital. Between 2000 and 2004, Pointbreak evaluated in excess of five hundred business plans, invested in three companies, and realised a gross annual rate of return of 58% for its Fund Investors. The biggest success story in this portfolio was the investment in Clickatell, which has become a leading company in the international mobile telecommunications arena.
In 2004, Pointbreak together with a number of black business professionals, established Stimulus Investments Limited ("Stimulus"). Preference shares in Stimulus listed on the Namibian Stock Exchange after the launch of the company on 4 November 2004. Stimulus raised N$ 123.68m from Namibian institutions and individuals. During November 2011 Stimulus redeemed the original preference shares and issued a new round of 10 year preference shares, totaling N$250m. In the process, the lifespan of Stimulus' funding arrangement was extended to 2021 and Stimulus gained approximately N$100m in new capital to invest.
Stimulus is currently invested in prominent Namibian companies such as Cymot, Plastic Packaging, Namibia Media Holdings, Walvis bay Stevedoring, Joe's Beerhouse Properties, Nashua and Neo Paints. Assets under management amount to N$381m and is currently valued at more than N$530m (as at 29 February 2016).