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Aggressive Audi Auditions

The irresistible Audi A3 Sportback

The irresistible Audi A3 Sportback

It is no secret that Namibian consumers have a fetish for sporty German cars. They may not top monthly car sales figures but their presence here is definitely felt. This season, German car lovers across the globe get to feast their eyes on the new Audi A3 Sportback. And on the fly, the sleek-looking compact powerhouse is promising a bidding price that rivals that of its competitors. Here to bring the boom the A3 boasts a 221kW 2.0-litre turbo engine, reaching 100km/h from pull-away in just 5 seconds. This is the stuff that young men’s dreams are made of.
The new A3 breaks convention with a couple of new features. Longer and with two extra doors, the Sportback offers more space and comfort. This 5-seater is amongst the first cars based on the Volkswagen Group’s new MQB platform (subsequently used for the 2013 Golf). One of the MQB platform’s features is that it can relatively easy give rise to cars of quite different lengths.
A number of comparative statistics bode well for the German carmakers. Luggage space with the rear seats in place is 380litres. Other comparative models in the small segment, the BMW 1-Series and the Mercedes Benz A-Class offer less room. Fold the seats down and the available volume expands to 1220 litres.
Audi has modestly admitted that what makes this car fun is that it is lighter. Shaving off close to 120kg from the weight of the old car while making it slightly larger with a 260cm wheelbase (the three door hatchback rides on a slightly shorter chassis), this short configuration provides better control and an engaging spirited experience. Audi admits that some of that gain in weight reduction comes thanks to extensive use of high strength steels and aluminium, specifically for the bonnet, fenders and the front subframe.
For now, the Sportback is available with just three engines: a 120hp 1.4 TFSI petrol and a 148hp 2.0 TDI diesel, both mated to a six-speed manual gearbox, and a 178hp 1.8 TFSI petrol with seven-speed semi-automatic S-tronic transmission. A 104hp 1.6 TDI with an official CO2 rating of 99g/km will be released this month followed later in the year by a 104hp 1.2 TFSI and a 138hp version of the 1.4 TFSI with cylinder-on-demand technology for better fuel economy and lower carbon dioxide emissions.
The Audi A3 will be offered with a selection of packages that will allow buyers an element of customisation to focus the interior more on comfort, sportiness or technology. A Technik will offer satellite navigation and a multimedia touch control that is a smaller interpretation of the writing touch pad seen in Audi’s higher-end luxury models the A8 limo and A7 Sportback. Late 2013 will also see the Audi A3 become available with in-car wi-fi hotspot and Google Earth integration.

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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.