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Swakop Uranium inks wage agreement with Union

Swakop Uranium inks wage agreement with Union

Swakop Uranium and the Mineworkers Union of Namibia (MUN) signed a three-year Wage Agreement last week which will result in improved conditions of employment for the bargaining unit employees.
A series of negotiations had taken place since 22 October 2015. At the event, Erongo Regional Governor, Cleophas Mutjavikua said: “Despite the fluctuating world economies, which impacts on Namibia, both parties proceeded to the signing of this historic agreement which paves the way for employees to have a better understanding and clarity of their conditions of employment for the next three years.”
The Governor further said “I am confident that this three-year agreement will set the tone for the rest of the country to enter into Smart Partnerships between employer and trade unions.”
National Union of Namibian Workers President, Ismael Kasuto said, “realistically, the agreement is in the interest of the workers as we were expecting lesser benefits due to the current volatile Uranium market and the fact that Husab is not in full production but still in the construction phase. If one compares your Agreement with similar industries you got a good deal especially the benefit guarantees as a result of a multi-year deal.”
Speaking on behalf of the employees, Jackie Karumbo, MUN SU Branch Chairperson said, “both sets of negotiating teams were caught between the expectations of employees and the shareholders. Bearing in mind the diverse objectives of the parties, which are the benefits of the workers versus running an operation at the least possible cost?”
“However, we managed to get here, since we had to get ourselves together. Critical thinking became the order of the day, analysing the bigger picture with the objective to establish principles that will benefit both parties, being the employees and the employer. These principles will be the foundation upon which benefits will be improved,” Karumbo said.
He said “We will push Swakop Uranium to become the best employer, making use of best practices and the statutes available to us in a fair, objective and mature manner.”
The parties have agreed to a 7% increase on base salary across the board for members in the Bargaining Unit, covering the period 1 January 2016 to 31 December 2018.
Percy McCallum, VP: HR and Business Support of Swakop Uranium, in conclusion said, “Swakop Uranium shareholders and management are applauding the three year wage agreement between the Company and MUN. Through the three year wage deal, the Company supports the National Agenda of the Government in terms of poverty alleviation. The Company is also assisting towards reducing unemployment as the Company will be one of the biggest employers in the country as we will employ 1653 full time employees.”
McCallum added that, “the three year wage agreement provides an opportunity to the Company and the employees to build Swakop Uranium through hard work in a world class mining company, based on safety, cost-effective and eco-friendly manner for the benefit of all our stakeholders”.

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


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.