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Production of seventh generation Isuzu D-MAX bakkie underway in SA – first units out by 2021

Production of seventh generation Isuzu D-MAX bakkie underway in SA – first units out by 2021

Upgrades and modifications to the Isuzu Motors South Africa (IMSAf) production plant in Port Elizabeth are currently underway, gearing up for the production of the seventh generation Isuzu D-MAX bakkie.

Late last year Isuzu Motors Limited of Japan confirmed that the company would be investing R1.2 billion in the next generation bakkie programme in South Africa.

According to Dominic Rimmer, IMSAf Senior Vice President Technical Operations, new programmes of this nature and magnitude have complex requirements, which require the localisation of a diverse set of components and systems, the local sourcing of supplier and in-house tooling and equipment and manufacturing facility modifications.

“Our project launch team is working at an accelerated pace, and we anticipate that we will be ready to roll the first units off the production line during the second half of 2021,” said Rimmer.

He added that extensive testing and development will be carried out. “Our bakkies are locally engineered to meet the requirements of local and Sub-Saharan Africa markets, thus ensuring that our products maintain high quality standards, while retaining their reputation for reliability, capability and durability,” said Rimmer.

The new Isuzu D-MAX will be the seventh generation bakkie to come off the South African production line. The all new bakkie will benefit from bold styling as well as powertrain changes and significant improvements in overall refinement to cater for the diverse customer needs in this important segment.

South Africa will initially serve as the main market for the next generation bakkies, but with growing volumes expected to be generated from the company’s Sub-Saharan Africa growth strategy.


 

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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.