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Weaner season comes to end

The Tjijahura brothers farming in the Omaheke Region sold the biggest number of weaners at the recent Otjiwarongo auction.

With only one more weaner auction next week Wednesday in the South, Agra announced this week it has conducted a series of successful auctions, marked by a high number of animals marketed. The regional and national winners of the weaner competition will be announced in October.

Agra said the weaner auctions and the weaner competition have almost come to an end and Agra livestock looks back at this season with satisfaction.
With the late winter grazing conditions and a looming drought, a very high number of animals was marketed at both weaner auctions and commercial auctions. The auctions reached a peak volume with a total of 7300 animals sold in the first week of August. Auctions that stood out was the Mariental auction that sold 1397 cattle, a record number for this auction point. The Otjiwarongo weaner auction sold the most weaners for the season with a total of 2454 cattle followed by Grootfontein, where 2019 weaners were sold. Auction points in the south sell increasing numbers of large stock and at the weaner auction in Keetmanshoop on 18 August, 798 cattle were sold while Samehaling sold 611 cattle at their auction on 13 August.
A great number of weaner calves were entered for the weaner calf competition that was hosted at all the weaner auctions and where producers had to enter lots of 15 calves to participate. Calves were judged according to a set of criteria in the categories feedlot potential, veld potential and heifers.
In the weaner competition at the fifteen weaner auctions that have been hosted, twelve winners were awarded first place in the feedlot potential category, 14 winners in the veld category and 14 in the heifer category. With one weaner auction left, at Helmeringhausen on 9 September, all the winners will be in the run for the awards of regional champions and a national champion who will be announced and awarded at a function on 10 October.
The weaner competition is made possible by the main sponsors, Feedmaster, FNB, Sanlam and Santam with co-sponsors Nictus, MSD, Amalgamated Motor Holdings, Marsh, Bayer, Virbac, Indongo Toyota and Henco Engineering.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.