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Stud auctions a glimmer of hope

High quality genetic material exchanged hands at the Western Bonsmara auction recently. The seller of the most expensive Bonsmara bull, Thomas Horn, is discussing the animal’s traits with buyer, Jörg von Dewitz, joined by the auctioneer Eddie Reed.

High quality genetic material exchanged hands at the Western Bonsmara auction recently. The seller of the most expensive Bonsmara bull, Thomas Horn, is discussing the animal’s traits with buyer, Jörg von Dewitz, joined by the auctioneer Eddie Reed.

The breeders who marketed their animals at the Northern Select Auction in Grootfontein are (from left) Brigitte en Mecki Schneider, Sidney Martin, Birgit en Hagen Eggert, Ulla en Armin van Biljon, Günther en Charoltte Hellinghausen.

The breeders who marketed their animals at the Northern Select Auction in Grootfontein are (from left) Brigitte en Mecki Schneider, Sidney Martin, Birgit en Hagen Eggert, Ulla en Armin van Biljon, Günther en Charoltte Hellinghausen.

Two of Agra’s last stud auctions for this season gave proof of the strong demand for high quality genetic material despite the distressed condition of grazing.

The breeders selling at the Northern Select auction on Friday, 1 November in Grootfontein and at the Western Bonsmara auction on Wednesday, 6 November at Aub, were encouraged with the numbers of animals sold and the prices achieved.

At the Northern Select auction a total of 93 animals were sold.
the 37 Brahman bulls on offer were all sold. The average price was N$41,243.
The highest price was N$68,000, from Mr J Jacobs for a Brahman bull of Mecki Schneider.
Five Simmentaler bulls sold for an average of N$27,000.
Forty Brahman heifers sold for an average of N$14,700 while Brahman cows sold for for N$11,111.
At the Western Bonsmara auction hosted by Agra at the Aub auction pens on Wednesday, 6 November, a total of 120 Bonsmara stud and female commercial animals were sold. Twenty-seven stud bulls were sold for an average price of N$32,074.
 The highest price for a bull at this auction was N$64,000, paid by Jörg von Dewitz for a bull of Terra Rossa of Thomas Horn.
Eighteen cows sold for an average of N$7000, seventy heifers for an average of N$5500 and five heifers-in-calf for N$6000 on average.
Agra said in a statement released after the auctions that the 2013 stud auctions are an indication of the commitment of breeders as well as farmers with commercial herds to invest in good genetics despite difficult farming conditions.
 Agra said it will continue with its services to the stud industry in the form of consultation and marketing, in the next year.
“We believe that we will be blessed with good rains which will give us more reason for excitement about stud auctions in the upcoming year,” said Kiep Lepen, Specialist: Stud Services, at the opening of the Western Bonsmara auction.

About The Author

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.