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New Ballade stock due in Windhoek

Sales execitive, Jaun Nel with the magnificent Honda Ballade.

Sales execitive, Jaun Nel with the magnificent Honda Ballade.

The Honda Ballade, Honda’s most widely sold vehicle was out of stock confirmed Thea Maresch, Dealer Principle at Honda in an interview with The Economist last week. But the good news is that Honda has just received news of new stock due in Windhoek. “We are currently out of stock but we have ordered new stock and will be receiving the new stock towards the end of July” she said.
The lack of Ballades as Maresch explains was as a result of the floods that hit the Honda factory in Thailand late last year. “The Ballade has been effectively sold out for more than six months now,” explained Graham Eagle, director of sales and marketing at Honda Motor SA. “Our last shipment arrived in November 2011, and was immediately snapped up.”
“It is the most popular car amongst our customers and sales are going very well,” said Maresch confidently.
Known in other markets as the Civic, the all-new Honda Ballade takes the concept “Return of an icon,  exceptional comfort and safety” to an entirely new level.
The Ayutthaya plant resumed operations in late March this year, and has since been running double shifts in an effort to reduce the production backlog. “As a result, production of the Ballade is in full swing again, and I can confirm that the first full shipment will arrive in South Africa later this month,” Eagle said.
There’s more good news for Ballade buyers. The 2012 model about to reach dealers, boasts a number of upgrades. While it remains essentially unchanged under the skin, the focus of the update is on sharper aesthetics, revised interior trim, and detail changes to the standard specification.
“Because of the fact that it has so much better space, and provides utmost safety and so much boot space, it is definitely the family vehicle,” said Maresch. It has a boot not constrained in size by the 42-litre fuel tank and is deep enough to take large suitcases vertically.
A 4-year or 60 000km service plan and three-year or 100,000km warranty are standard across the range and service intervals are 15 000km, all for an amazing N$184,900.

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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.