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Pick n Pay, Union enter into three-year substantive wage agreement

Pick n Pay, Union enter into three-year substantive wage agreement

Pick n Pay Namibia and Namibia Food and Allied Workers Union entered into a three-year substantive wage agreement on behalf of the bargaining unit at PnP Namibia (Grades 1 – 6A) on last week.

Effective 1 July 2019, the agreement will see 1860 PnP Namibia employees receive a wage increment of 6% in the first year (1 July 2019 – 30 June 2020); 6.5% increase in the 2nd year (1 July 2020 – 30 June 2021), and 7% in the third year (1 July 2021 – 30 June 2022) for both permanent employees as well as Permanent Variable Time employees.

“Although it took a bit longer than expected to get to an amicable agreement, with negotiations having started in April already, we are happy that we could reach a place where both parties are happy and comfortable with the outcome,” PnP Namibia’s Human Capital Manager, Adri Erwee said.

Transport allowance for both permanent and PVT employees, as well as housing allowance for permanent employees also form part of the agreement, while a 13th cheque equal to one month’s pensionable salary is guaranteed.

“l would like to first and foremost thank the negotiation team for the spirit of commitment, dedication and hard work shown during these negotiations. This process and agreement signed, simply strengthened the relationship, peace and harmony for the next three years,” the Unions’ National Education Coordinator, Lister Tawana said.

O&L Group Manager: Human Capital, Johannes Kangandjera also stressed that as of 1 November 2019, the O&L Group is rolling out a Medical Aid scheme that covers all employees in the bargaining unit of the group, paid fully by the company.

“We understand that the current tough economic climate is not only affecting our business but also our hard-working employees, and have thus committed ourselves to these wage increases and embarked on the Medical Aid initiative, because we care about the wellbeing of our most valued asset, our employees,” Kangandjera said.


 

About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys

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.