Africa’s Largest Glass Manufacturing Plant Coming to Tses, Namibia

Our next exciting industrial project in Namibia is Tses Glass, a glass manufacturing plant being planned and organized for development in Tses, Southern Namibia.

This glass manufacturing plant is expected to become the largest dynamic glass manufacturing factory in Africa focused on producing glasses for your home, office, car, glass bottles, touch screen computing (for Apple’s iPad, Microsoft Surface, etc), and smart phones devices (for iPhones, etc).

Tses Glass seeks to partner with some of the world’s largest glass manufacturing equipment makers and technology providers such as Siemens for its planned dynamic glass manufacturing plant, which aims to help rapidly transform the local and regional economy of the Tses community, to make it one of the fastest growing areas in Southern Namibia.

Tses Glass is a joint-venture between Groot Group, Nissi, the Tses Community, and partners and is expected to employ more than 3000 new employees at its planned manufacturing plant in Tses. Tses Glass is part of the Groot Group ecosystem development in Namibia.

Please follow Tses Glass on its Facebook Page for the live updates and information and to learn more how we are doing in setting up this innovative glass manufacturing factory in Tses, Namibia.

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Groot Property Group (Pty) Ltd Authorizes to Issue 10 Million Shares

FOR IMMEDIATE RELEASE

WINDHOEK, Namibia – October 1, 2011 — /GPG/ — Groot Property Group (Pty) Ltd is developing a new township namely, Groot, an upscale multifarious community to be comprised of more than 2,100 commercial retails with light and heavy industrial parks and more than 160,000 residential housing units on a private land near Etosha National Park in Namibia.

In an effort to help finance its initial green scheme projects for the development of Groot, the Company has authorize to issue 10 million shares, which is comprised of 5 million shares of ordinary (common) stock and 2 million shares of preferred stock, of which 80,000 shares of ordinary stock have been issued.

The Company hopes to raise more than US$9 million (N$65 million) from the sale of the issued stocks, for which is by invitation only. The capital from the sale of the issued shares will finance the needed preliminary technical work for the green scheme projects as required for the successful development of Groot.

The total budget for the complete planning, development, engineering and construction of Groot is about N$6 billion. The Company plans to raise the total budget through a combination of debt and equity financing through a network of connected financial institutions in the US and Europe, while Standard Bank will finance 50% of the total budget for the development of Groot.

“The market scope for Groot and all of business-cum-industrial entities it will create will inevitably be not just Namibia with its limited population size but also the various Southern African Development Community (SADC) member countries bordering on Namibia.” Says Simon Kapenda, Chief Economist of Groot Property Group.

Groot is poised to become one of the fastest growing and largest towns in Namibia, an innate character, a center of attraction for the concentration of a multitude of essential socio-economic activities with supportive and complementary relationships. A corollary of this will be applied necessity to mobilize a diversity of professional inputs in areas of engineering, socio-economic research, entrepreneurial development, social services and others for the greater good of Namibia.

About Groot Property Group (Pty) Ltd
Groot Property Group (Pty) Ltd is a premier rapid industrial development and foreign direct investment management company which focuses on implementing applied neuroeconomics and systems dynamic to efficiently explore, develop, and manage self-sustained ecosystems for the slow-developing and stagnant economies. Learn more about Groot Property Group (Pty) Ltd at www.grootgroup.com/investor.

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Source:
Groot Property Group (Pty) Ltd
Web site: www.grootgroup.com

Consider Including Southern Africa in Your Investment Portfolio, It’s the Next Best Emerging Market

Africa’s combined population is more than one billion; with a combined GDP (real) of $2.2 trillion and GDP (PPP) per capita is $2,200.

However, Africa’s combined potential wealth value, based on its endowed natural resources, is more than $100 trillion, which is bigger than the aggregate wealth value of South and North America and Europe, but 65% of the African population still lives on less than $2.00 a day, while only about 15% of the population earns decent salaries of more than $100,000 a year.

We are developing Groot Town Center (GTC) in the Tsumeb, Namibia area, which is being developed as an upscale multifarious community with a development budget of $800 million. GTC is being developed to be the next best place to shop, work, live and play in the Tsumeb area.

While we estimate to have a great number of overseas tourists as the prospective patrons for GTC, the majority of GTC customers are expected to come from the SADC region, whose combined population is 257.7 million (2010) with more than $471.1 billion of aggregate GDP and a potential wealth value of more than $65 trillion. While still 45% or 116.0 million of the SADC population lives on less than $2.00 a day, 15% or 21.3 million of them earns annual salaries of more than US$100,000 with a gross buying power of about $2.1 trillion.

According to Namibia Tourism Board, Namibia’s tourist industry is growing at an average rate of 13% annually. In 2008, 981,111 tourists visited Namibia, while in 2009, the number decreased to 980,173, with 73% of them coming from Africa, namely from Angola, South Africa, Zimbabwe and Zambia. German tourists also ranked high in number.

Angolan tourists alone spent an average of $417 million in retail outlets in Namibia. Based on the historical inflow of tourists, within three years of the GTC opening, we project more than 55,000 visitors each day at Groot Town Center.

Since GTC will be composed of only retail store outlets and facilities that offer superior quality and luxurious products and services, our targeted customers are generally 15% or 21.3 million of the SADC population plus overseas tourists, which would make up about 55,000 daily visitors to GTC.

The individual annual incomes of the stated number are in the income bracket of $100,000, and their combined annual income is about $2.1 trillion.

Out of that number of visitors, we estimate each visitor to GTC to spend an average of $250 per visit, which comes to about $13.8 million a day or $5.0 billion a year, that’s the estimated total revenue for the GTC tenants.

Some of the wealthiest and highest paid individuals with a combined annual average income of about $2.1 trillion generally travel to foreign countries outside Africa where they own properties.

They generally do not spend their time and money in Africa with the exception of South Africa, where they also own properties. Therefore, the need for the development of GTC as an alternative to the foreign investment destination is paramount. With our global connections, anchor partners, and investors, we plan to develop GTC in order to exceed their selective expectations.

For Africa to realize a robust and sustained economic growth equivalent to that of the US and Europe, it needs to grow at least by 600% annually within the next 10 years.

We are at the forefront of leading to a robust economic revolution with a rapid industrial ecosystem model that will create powerful economic ripple effects to spread throughout Namibia’s and each of the target economies.

Consider setting up your retail shop and or invest at GTC in Namibia. Visit our company at grootgroup.com for more information.