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NewPlat lists on Mauritius exchange

Earlier this month, the world’s largest platinum ETF listed on the stock exchange of Mauritius when the Corporate and Investment Banking division of Barclays Africa Group Limited listed 400,000 NewPlat debentures. First listed on the Johannesburg Stock Exchange (JSE) in April 2013, NewPlat provides investors on the SME the opportunity to invest directly in platinum bullion as it tracks the platinum price. Each debenture is equivalent to approximately 1/100th of a fine troy ounce of platinum bullion held in a secure depository on behalf of investors. NewPlat has approximately R14.2-billion assets under management backed by 28 tonnes of platinum bullion. NewPlat became the most traded platinum ETF in the world – just four months after it first listed.

“The listing of NewPlat on the SEM will help to further expand the Mauritian investment market by widening the choice of asset classes available to local investors, and by also helping facilitate an increase in liquidity on the SEM,” said Vladimir Nedeljkovic, head of Exchange Traded Products at the Corporate and Investment Banking division of Barclays Africa. NewPlat’s listing on the SEM follows hot on the heels of the listing of Barclays Africa’s fully backed physical gold bullion ETF, NewGold, in July last year. NewGold is also listed in Botswana, Nigeria and Ghana. The Stock Exchange of Mauritius is the first bourse outside South Africa to list both NewPlat and NewGold and marks yet a further step in broadening the suite of exchange traded products in African markets, and in helping investors reach their ambition in the right way. “In rolling out both NewGold and NewPlat across the continent, we endeavour to help people proposer and deepen African investment markets through the provision of greater liquidity,” said Nedeljkovic. “As Barclays Africa, we believe that African bourses provide exciting and vibrant platforms for our innovative and pioneering exchange traded products. Furthermore, we are delighted to bring world class financial products to local investors at competitive rates.” ETFs are among the fastest growing investment funds in major markets across the world. In the case of NewPlat or NewGold they offer a low risk route to investing in physical metal without incurring the risks associated with mining the metal posed by equity investments.

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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.