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First superhot Limited Edition Golf GTI Clubsport S arrives

First superhot Limited Edition Golf GTI Clubsport S arrives

If you are one of those fanatics savouring every kilowatt a small car can put out, then the superhot Limited Edition Gold GTI Clubsport S is just the type of commuter you need. That is, if you can fork out close to three quarters of a million Namibia Dollar. But do not fret, the 40 units allocated to Volkswagen South Africa, have all been sold prior to shipment.

Announcing its arrival this week, Volkswagen SA said the limited edition Golf GTI Clubsport S with 228kW of power is only available as a coupé with two seats.

This most powerful Golf GTI ever holds the lap record for a front wheel drive production cars on the Nürburgring Nordschleife race track with the time of 07:49:21.

Only 400 units have been built and 47 of them were allocated to South Africa which is one of the biggest markets for the Golf GTI in the world. All of the 47 units were pre sold by the Volkswagen dealer organisation turning the Golf GTI Clubsport S into an instant icon and collectors’ item.

To keep the weight down, the Golf GTI Clubsport S is only available in a manual transmission. Additional components that were removed to reduce weight include rear seats, insulating material, the variable luggage compartment floor, the rear parcel shelf and bonnet damping. A smaller battery is fitted to reduce the weight further down. An aluminium subframe on the front axle and aluminium brake covers resulted in further weight savings.

An important factor for the car’s dynamic handling is that the unsprung mass of each wheel is a whole kilogram lower thanks to the aluminium brake covers. To further improve the hot braking performance, the Golf GTI Clubsport S is factory-fitted with special brake pads on the front and rear axles.

Since these cars will turn into collectors items, each of the 400 units is individually tacked.

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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.