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Discovery takes the sport route

Discovery discovers sport: Introducing the all new, first generation Land Rover Discovery Sport

Discovery discovers sport: Introducing the all new, first generation Land Rover Discovery Sport

Land Rover announced this week it has taken the Discovery marque into the compact SUV segment with an exciting new, smaller Discovery Sport. Launched in Mexico on Tuesday, the “world’s most versatile premium compact SUV” as Land Rover claims, will only become available in Namibia by June next year. Automakers are expected to go over the top with performance claims for new model, but the Discovery Sport rapsheet shows that these claims are not exaggerated after all. At launch, a range of four-cylinder turbocharged petrol and turbo-diesel engines is available. All feature high-pressure direct injection, low-friction internal components and smart regenerative charging for outstanding performance and economy.
All Si4 petrol and TD4 and SD4 Diesel Discovery Sports are fitted with the state-of-the-art ZF 9HP48 nine-speed automatic transmission which is supplied with low-viscosity transmission fluid to increase efficiency. The 2.2-litre turbo-diesel derivatives are available in either 110kW TD4 or 140kW SD4 specification. With both TD4 and SD4 producing the same 420Nm, drivers can count on exceptional fuel efficiency of up to 5.99 l/100km. Discovery Sport’s progressive design sets the tone for a new generation of Land Rover Discovery premium Sports Utility Vehicles. These vehicles will be positioned in the Leisure family of Land Rover’s three-pillar brand architecture: Luxury (Range Rover), Leisure (Discovery) and Dual-Purpose (Defender). Discovery Sport’s interior has been designed to provide a versatile and calming space, one in which every occupant feels equally comfortable and the driver can pay maximum attention to the road. Its highly configurable 5+2 seating is unique-in-segment. Engineering innovations include: a lightweight bodyshell with a mix of steel and aluminium; all-new multi-link rear axle, and an advanced nine-speed automatic transmission.

Discovery Sport is equipped with vented 325mm front and 300mm rear disc brakes, providing reassuring stopping power in all conditions, including when towing up to 2.5 tonnes. The front brakes are of a new design, with a stiffer calliper and new-generation pads to enhance retardation. The Discovery Sport will be the world’s first vehicle to offer an autonomous emergency braking system using an innovative stereo digital camera system. Operational between speeds of 5 and 80km/h, the system helps to avoid collisions below 50km/h, and reduces the severity of an impact at speeds below 80km/h.

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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.