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Standard Bank Auto show this weekend

Standard Bank will host its 2012 Auto Show this weekend (Friday and Saturday) at the SKW Sports Grounds in Olympia in the Capital. The event is hosted in partnership with the “Biltongfees”.
This year’s event promises to be bigger and better, with a total of about 65 exhibitors. Dealers and marques, representing a cross section of the Namibian automotive sector, will have around 250 new vehicles on display. These include cars, bakkies, SUVs, motor cycles, boats, and even front end loaders and earth moving skips. The exhibitors include Audi, VW Autohaus, Mercedes Benz, Jeep and Chrysler, M & Z Commercial Vehicles, Pupkewitz Toyota, Hyundai, Kia, Bobcat, Bentley and Lamborghini.
Visitors to the show can also look forward to a number of side attractions such as entertainment by leading South African and Namibian artists, display of trucks; display of “Old Wheelers”, entertainment for the kiddies and various other activities. Standard Bank will use the show as platform to offer customers special finance terms on show deals.
The bank said this week it is expecting 20,000 visitors to the 2012 Auto Show. “The main objective of this event is  to provide an ideal opportunity for the viewing of exclusive vehicles by the private, commercial and corporate and investment banking customers as well as to stimulate business opportunities and reward dealers and customers.”
Since its inception in 2006, the show has grown immensely, and has become a popular event on the calendar of motor dealers as well as the public. In 2006 the show attracted 2500 visitors (one-day event), while in 2007 the show attracted 9389 people (two-day event). In 2009 the show attracted 11234 people and last year, 15321 motor enthusiasts streamed through the gates.
“It is an opportunity provided to motor vehicle dealers to show their products under one roof,” said Standard Bank, MD, Mpumzi Pupuma at the launch of the Auto Show.

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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.