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Free shipping on recycled luxury fashion for Namibian buyers

Free shipping on recycled luxury fashion for Namibian buyers

Luxity, a fast-growing South African vendor of pre-owned high-value designer labels, now offers a free shipping service to any client anywhere in Namibia.

Announcing the new service, Luxity said this means that style-conscious ladies and gents can easily acquire some of the most delectable brands in the world like Chanel, Louis Vuitton, Gucci, Burberry, Prada and many more.

Luxity’s online boutique at www.luxity.co.za as well as the stores in Melrose Arch, Johannesburg, and the Cape Quarter in Cape Town already enjoy enormous success. “In response to the growing demand from our neighbours in the North, we now offer the same conditions to Namibian shoppers that South Africans have been enjoying: free shipping to your doorstep in Namibia,” announced Luke Calitz, owner of Luxity.

“By offering free shipping specifically to Namibians, we will be able to offer even more affordable luxury to our large following of fashionistas.” With Luxity, customers who can not access one of the two conveniently located stores, can browse from the safety and convenience of their homes, pay online and have a courier deliver a guaranteed authentic luxury item to their door in just a few days.

Luxity prides itself in offering only 100% authentic luxury items that are still in pristine condition. “We take authentication extremely serious and offer a full money-back guarantee should a customer ever prove that a counterfeit item was sold to her or him,” said Calitz.


 

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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.