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Festive season shopping – keep a check on your wallet and save some for January

Festive season shopping – keep a check on your wallet and save some for January

By Elzita Beukes, FNB Namibia Communications Manager.

The festive season is here! While we planned and ensured that we have the perfect gift for our loved ones; we are sometimes left with those unwanted last-minute shopping trips to the mall.

Here are a few tips to help you budget even during this time and stay empowered to be able to make key money decisions, without actually worrying about that growing hole in your pocket:

Online shopping: Many retailers have shifted their focus to digital platforms to cater for people who are always on the go. If you don’t have the time to rush in store to buy that perfect gift, look at the various online retail websites for great ideas. Besides fashion, you can purchase home décor, furniture and other accessories which can be delivered to your door. In addition, you can pick up great discounts that can help you save immensely.

Specials: Through the holidays retailers will have a number of specials. Wait for that bargain and don’t rush to make the purchase. The extra buck you save will help you elsewhere.

Use your phone to monitor your budget: Most people have smartphones which come with nifty apps, calculators and other applications. Use these features to keep track of your spending.

Shop at holiday markets: There are many pop-up holiday markets at this time of the year. Support communities, charities by shopping at these markets. You may just find a gift that is way under budget and not what you expected.

Be creative: Make your own wrapping paper, cards or even table décor. Not only is this easy on your budget but is environmentally friendly too. Look at second hand shops and craft blogs to get simple and innovative ideas to make your festive season fabulous.

Shop with a partner: This can deter you from over spending and indulging in things that you don’t actually need. A shopping partner can help you limit your spending.

We all suffer from a bit of impulsive buying which leads to people overspending, ultimately resulting in being financially overburdened in the New Year. Stick to your budget, your checklist and know what you want when doing your festive season shopping. Extra savings, and even cash back rewards through the FNB Rewards programme can go into your 2018 savings plan which can be used in January.


About The Author

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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.