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SA dominates at Sanlam awards

SA dominates at Sanlam awards

The Sanlam Financial Media awards gala took place last week in Johannesburg, South Africa. The awards were again dominated by South Africans with only one award going to a non-South African, the Kenyan Allan Odhiambo.
Sanlam sponsored the event that carried a total prize purse of more than US$20 000 for 12 categories. The special awards included the Sanlam Financial Journalist of the Year as well as the Best Newcomer and the Lifetime Achievement Award.
The other categories were: Business/Companies; Economy; Financial Markets; Consumer Financial Education, and the African Growth Story. The judges also recognise the best performers in online, print, radio and television mediums across all five categories.
The top accolade of the night, the 2015 Sanlam Financial Journalist of the year was scooped by Mr Rob Rose, the editor of South Africa’s weekly business magazine, Financial Mail.
Ms Ancillar Mangena of Forbes Africa magazine, was named the Best Newcomer, Neville Otuki. Mangena won the Award for her outstanding pieces on whistle blowers and the risks they take and the business of churches across Africa. The Lifetime Achievement Award was presented to Salomon (Salie) de Swardt, the 1977 Sanlam Financial Journalist of the Year and Nieman Fellow (1982) who served journalism for 37 years as a reporter, an editor and founding editor of Finansies & Tegniek.
Congratulating all the winners, Sanlam’s Chief Executive: Brand, Mrs Yegs Ramiah said Sanlam is a proud sponsor and remain committed to the annual Awards.“As a Pan-African brand and corporate citizen with a footprint in over 30 countries on the continent, we are committed to ensuring that these Awards keep growing and include more journalists practising and publishing or broadcasting in Africa.”
The full list of the 2015 winners was as follows:
Financial Journalist of the Year: Mr Rob Rose, Financial Mail
Best Newcomer: Ms Ancillar Mangena, Forbes Africa Magazine
Lifetime Achievement: Mr Salie de Swardt
Business/Companies: Mr Rob Rose, Financial Mail
Economy: Mr Rob Rose, Financial Mail
Financial Markets: Mr Rob Rose, Financial Mail
Consumer Financial Education: Ms Maya Fisher-French, MayaonMoney.co.za, City Press and Fin24.com
African Growth Story: Mr Allan Odhiambo, Business Daily (Kenya)
Radio Financial Journalist of the Year: Mr Bruce Whitfield, 702/Cape Talk
Television Financial Journalist of the Year: Ms Joy Summers, M-Net/Carte Blanche
Print Financial Journalist of the Year: Ms Carol Paton, Business Day and Financial Mail
Online Financial Journalist of the Year: Mr Ryk van Niekerk, Moneyweb.co.za.

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Typesetter

Today the Typesetter is a position at a newspaper that is mostly outdated since lead typesetting disappeared about fifty years ago. It is however a convenient term to indicate a person that is responsible for the technical refinement of publishing including web publishing. The Typesetter does not contribute to editorial content but makes sure that all elements are where they belong. - Ed.

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

Promotion

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.