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Vehicle sales growth slows down

Figures released this week by the National Association of Automobile Manufacturers of South Africa (NAAMSA) shows that overall new car and commercial vehicle sales for the month of March registered modest gains compared to the corresponding month last year.
Aggregate Industry sales improved by 2 552 units or 4.8% to 56 110 vehicles from 53 558 units in March last year. New car sales in particular registered relatively strong gains while export sales  remained under pressure.
Out of the total reported Industry sales of 53 300 vehicles (excluding Mercedes-Benz South Africa), 89.0% or 47 417 units represented dealer sales, 4.9% represented sales to government, 3.1% represented sales to the vehicle rental Industry and 3.0% to Industry corporate fleet sales.
At 38 970 units, total aggregate Industry new car sales during March 2012 reflected an improvement of 3 802 units or 10.8 % compared to the 35 168 new cars sold during March 2011. Car rental Industry sales which had been particularly strong over recent months, only accounted for 3.8 % of total new car sales during March 2012.
Including estimates for MBSA commercial vehicle sales by segment – sales of Industry new light commercial vehicles, bakkies and mini buses at 14 556 units  reflected a decline of 1 183 units or 7.5% compared to the 15 739 light commercial vehicle sales during the corresponding month last year. Sales of vehicles in the medium and heavy truck segments of the Industry at an estimated 934 and 1 650 units respectively, had recorded a decline of 22 units or 2.3%, in the case of medium commercial vehicles, and a fall of 45 units or 2.7%, in the case of heavy trucks and buses, compared to the corresponding month last year.
At 23 956 vehicles, exports of South African produced motor vehicles, including MBSA export sales, reflected a decline of 6 070 units or a fall of 20.2% compared to the 30 026 vehicles exported during March last year.
Industry export sales should improve during the months ahead as the Ford Global Compact Vehicle Export Programme and the BMW new 3 series export volumes are ramped up. Vehicle exports into Europe softened as a result of the debt crisis in the Eurozone.
The Industry’s export performance during 2012 would remain a function of the direction of the global economy. Higher export volumes to African countries however are anticipated.

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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.