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Your future is safe when you save for it

Your future is safe when you save for it

By André Le Roux

Bank Windhoek’s Manager of Public Relations and Reputation Risk.

It has become important to live within your means and to save for the future, as the cost living continues to rise due to current economic circumstances.

Aimed at educating the benefits of saving money, the World Savings Day, celebrated on

31 October, presents an opportunity to practice a savings culture which will lead you to a financial stress-free future by starting to save money today.

The following seven Bank Windhoek savings tips, can help you start your journey of financial independence:

Erasing debts: Debt means that you are borrowing money from your future and paying it back with interest. To get rid of it will require meticulous planning. Your financial statement, which can be obtained at any Bank Windhoek Branch, its Internet Banking and Mobile App, is a tool to start off with. The statement will display a record of money going in and out of your account. Study it. Then look at your short-term debts and identify one with the lowest balance that you can manage to pay off quickly. Do this regularly to erase short-term debts.

Living within your means: The best way to start living within your means is to have a budget in place. This will indicate your income and expenses. The goal is to monitor expenses and cut them down gradually. Later, you will notice that there is extra money available which needs to go straight to your savings account.

Know where your money is going: Just like a company draws up its income, expenses and balance sheets, you too can do the same. This will allow you to track your money. In the end, you will have control over your financial future.

Pay for your future: Having to save for your retirement is the best decision you can ever make for your future. Start now by reflecting on your short, medium and long-term financial goals and put a savings plan in place to achieve them. Set a benchmark and continue to monitor it until it becomes a good habit.

Talk to a financial advisor: Just as a health officer cares for your physical health, so a financial advisor takes care of your financial wellbeing: measuring financial health, detecting problems, prescribing appropriate correct action and advising on your financial wellness.

Find a savings account: Putting aside a portion of income earned, can be challenging, but possible. Bank Windhoek allows customers an option to transfer a fixed amount of money from a current to a savings account.

Repeat the above steps and keep them in check: Practicing the seven steps above, can save you a lot of money which you will need tomorrow for a convenient lifestyle that will in the end benefit you and your family’s future-selves.

This can be done by planning and monitoring the above mentioned steps regularly until it becomes a habit and later, a culture.

About The Author

Guest Contributor

A Guest Contributor is any of a number of experts who contribute articles and columns under their own respective names. They are regarded as authorities in their disciplines, and their work is usually published with limited editing only. They may also contribute to other publications. - Ed.

Following reverse listing, public can now acquire shareholding in Paratus Namibia


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.