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Get to the Biltongfees, buy a raffle ticket and see if the Picanto is yours

Get to the Biltongfees, buy a raffle ticket and see if the Picanto is yours

A perky Kia Picanto must find a new owner on Saturday afternoon at the Biltongfees where 32 auto dealers will be showcasing their latest and their best under the Standard Bank Auto Show banner.

The Picanto is the main prize in the raffle competition for which entry tickets are sold at the Biltongfees for N$50 a piece. There is no limit to the number of tickets any person may buy and enter for the raffle. All tickets sold up to 16:00 on Saturday are entered for the draw which takes place at 17:00. The raffle and the draw is audited by auditing firm SGA.

Standard Bank’s Head of Vehicle and Asset Finance, Mr Willem Lötter said earlier this week all systems are go for the annual winter entertainment partnership between the Biltongfees and the Standard Bank Auto Show. Again, the event will exceed expectations with hundreds of vehicles on display, and the bank’s staff on hand to process applications on the spot. The bank offers special prime less 1.75% financing deals for approved customers with a two-month holiday before installments start.

“I am confident to say that we expect a great spectacle this time around too. We will be having 32 exhibiting motor dealers and besides the latest vehicles on display we will also be showcasing the latest automobiles, trucks and motorbikes. We are hoping to attract over 20,000 visitors to the show and this year our intention is to give exposure to our local dealers because it is always better to support our own. The 2017 Standard Bank Auto Show will once again be held in partnership with the Biltongfees with whom we have had a fruitful long-standing relationship over the past 11 years” said Lötter.

As always, the entertainment is world class with many popular artists from South Africa and from Namibia. A special drawcard is the exhillirating motorbike stunts performed on Friday evening and Saturday morning by the Podmol brother, known as the flying bikers for their incredible midair rolls and turns on a motorbike, and often off the bike.

The Standard Bank Auto Show and the Biltongfees have become a popular combined family event on the automobile industry calendar. Due to the great exposure, it is the ideal venue for prospective owners to meet local dealers and see all the newest models. It is also the perfect event for the whole family with both the Friday and the Saturday promising more fun and entertainment than any one family can consume.

As a parting shot, Lötter said “I encourage the public to turn up in numbers and support the Auto Show and Biltongfees. It is not just a show for vehicle fanatics, but also a fun-filled time for the whole family. The World Champion Podmol motocross freestylers is also a spectacle not to be missed and on a lighter note, what more can you ask for you see the latest automobiles while nibbling on the best biltong and take-aways Windhoek can offer.

The Biltongfees is the premier fund-raising project of the Windhoek congregation of the Dutch Reformed (Hervormde) Church. This year the Biltongfees celebrates its Silver Jubilee.

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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.