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New vehicle sales unstoppable

The vehicle sales industry reached another record high last month with 1349 units of new vehicles sold representing a 7.1% monthly increase and a 13.5% year on-year increase.
The increase in sales drove the 4-month moving average higher to 1206 units, compared to 981 units a year earlier. A total of 3 645 new vehicles were sold in the first quarter of 2012, 22.1% higher than the first quarter of 2011.
Rudolf Kuschke, an analyst with Simonis Storm Securities said the monthly increase could have been expected given the seasonality of the figures. He said: “March has historically been the best month for new vehicle sales. Government has also been quite active in the buying of vehicles of late.”
Kuschke however said he expect figures to normalise in the next few months due to the seasonality factor, as well as supply issues mentioned by some dealers.
All categories showed monthly increases, except buses, heavy and extra-heavy commercial vehicles. Passenger vehicles showed the strongest increase rising 12.1% m-o-m and 19.8% on an annual basis, while commercial vehicle sales were only 3% higher than in February and 8.4% higher y-o-y. The 12-month cumulative number of vehicles sold continued its strong upward trend, breaching the 13,000 units level for the first time.
At 630 new units sold, passenger vehicle sales showed the strongest increase, rising 12.1% m-o-m and 19.8% y-o-y. Passenger vehicle sales remained on its upward trend, surpassing the 4-month moving average for the 3rd successive month. The 4-month moving average increased to a new high of 528 units, compared to 448 units a year ago. The 12- month cumulative number of new passenger vehicles sold increased to 5,624 units, 10.2% up y-o-y and 1.9% higher than last month.
Compared to February, both Volkswagen and Toyota’s market share increased slightly in March, with these two dealers  sharing 52% of the passenger vehicles sold in the month.
Commercial vehicle sales grew slightly slower than passenger vehicle sales in March, although it still increased by 8.4% y-o-y to 719 units sold. Total commercial vehicles sold represented 53% of total new vehicles sold. 616 light commercial vehicles were sold in the month, which was 4.6% higher y-o-y and above the 4-month average of 603 units. 37 medium commercial vehicles were sold and 66 units were sold in the buses, heavy- and extra-heavy commercial vehicles category. The 12-month cumulative number of commercial vehicles sold reached a high of 7,444
units, a strong 13.9% increase from its March 2011 level of 6,536 units.

About The Author

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.