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An offroad Jag to take the well-heeled anywhere

An offroad Jag to take the well-heeled anywhere

British luxury carmaker, Jaguar said this week the Jaguar F-PACE is now officially the best and most beautiful car in the world after scooping both the World Car of the Year and World Car Design of the Year awards at the 2017 World Car Awards.

The performance SUV is the fastest selling model Jaguar has produced and is only the second vehicle to claim the historic double in the 13-year history of the World Car Awards.

“The F-PACE was designed and engineered as a performance SUV with exceptional dynamics, everyday usability and bold design,” said Dr Ralf Speth, Jaguar Land Rover CEO. “Winning this award endorses the talent and great work of our teams that have delivered the world’s most practical sports car and Jaguar’s fastest-selling vehicle”.

The F-PACE triumphed over finalists, the Audi Q5 and the Volkswagen Tiguan to claim the 2017 double title.

“The F-PACE is our first ever SUV but it is clearly recognisable as a Jaguar and for it to win the 2017 World Car of the Year trophy vindicates our decision to bring our unique design principles and dynamic qualities to a new sector of the market,” said Ian Callum, the Director of Design at Jaguar.

The awards director, Mike Rutherford stated “Jaguar has done the unthinkable by first securing the World Car Design of the Year award and then the overall World Car of the Year trophy.”

Engine options for the F-PACE range from the efficient and innovative four-cylinder 2 litre Ingenium diesel to the high-performance 280kW, supercharged V6 petrol that can accelerate from 0-100km/h in just 5.5 seconds.

“The last 12 months have seen the launch of three completely new product lines, and successful growth across many of Jaguar’s existing products. Sales are still increasing strongly and Jaguar is now Europe’s fastest-growing car brand” Jaguar said.

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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.