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Walvis Bay native becomes first woman MD to lead Etosha Fishing Corporation

Walvis Bay native becomes first woman MD to lead Etosha Fishing Corporation

Etosha Fishing confirmed this week that its former Financial Director, Nezette Beukes, has assumed the position of Managing Director from the beginning of January 2020. She has acted in this capacity for a while since the former Managing Director, Pieter Greeff, left the company in December 2018.

“Finance is my heart beat and acting in the position of Managing Director really took me out of my comfort zone,” Beukes said. From the outset she was faced with severe challenges as Etosha Fishing has been under pressure to remain operational despite a three-year moratorium on pilchard catches in 2017.

As a pilchard quota holder, the mainstay of Etosha Fishing’s business is the catching and canning of pilchards. The company has devised several business strategies to ensure its cannery remains operational, including the importation of frozen pilchards for local value addition. The company also started canning its own horse mackerel product under the Efuta brand. The success of Efuta has helped Etosha survive the lull. It is also the product Beukes believes that will assure their future.

Beukes is a Walvis Bay native, having attended De Duine High School and then worked for various local companies in administrative or financial positions. At the same time, she studied for her B Comm degree through UNISA.

“I thrive on challenges. Having a family and working full time while completing my degree was both a challenge and a great accomplishment,” Beukes said.

Etosha Fishing is not the first major fishing company to appoint a female Managing Director, – that ticket belongs to Erongo Marine Enterprises with the appointment of Dr Martha Uumati, but Etosha Fishing is certainly one of the oldest Walvis Bay companies to be lead by a woman. Nearly half of the management team at the company is female, while the majority of the workforce comprises women.

“To be recognised for our consistent delivery of quality products in this very competitive environment is not a matter of how many males and females you have employed. We all work together as a team. It should however serve as a motivation to women hoping to enter this sector that they can also excel in a traditionally male dominated world,” Beukes observed.

Over the years Etosha Fishing has entrenched its position as an award-winning manufacturer that delivers products of exceptional quality. The company subscribes to the vision “excellence in food processing” and operates under HACCP compliance and EU Accreditation. It is the proud Namibian home of the iconic Lucky Star canned pilchard brand and a pioneer in the canning of horse mackerel. Due to the species’ unique scoot bone, it is not processed properly through conventional pelagic equipment and much modification of production lines had to be done before it could be utilised in a higher commercial bracket. In this process, Etosha Fishing played a leading role.


 

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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.