insert_link Business / Economics SUV Demand Cushions Slump in Car Sales Passenger vehicle sales saw a sharp 31.2% month-on-month decline in May, though annual figures showed a slight 0.22% uptick. Simonis Storm’s Almandro Jansen attributes the monthly drop to April’s unusually high sales, while noting continued buyer interest driven by favorable credit conditions and demand for smaller SUVs and hatchbacks. today24 June, 2025
insert_link Business / Economics Private Sector Credit Hits 2-Year High Amid Business Confidence Local Private Sector Credit Extension surged to 4.1% in January this year, its fastest pace since early 2023. The growth is driven by stronger corporate lending, signaling renewed confidence, while household credit demand remains subdued. Almandro Jansen is an economist at Simonis Storm: today5 March, 2025
insert_link Business / Economics January Vehicle Sales Up Year-on-Year but Drop Monthly Records indicate 966 new vehicle sales in January, a 1.7% increase from January 2024 but a 12.2% decline from December 2024. Economist Almandro Jansen attributes the drop to seasonal trends and post-holiday financial constraints. today25 February, 2025
insert_link Business / Economics Inflation Falls, But Monthly Rate Rises Inflation eased locally to 3.2% in January, reflecting a steady decline from previous months due to lower costs in key sectors. Despite the annual slowdown, the month-on-month rate climbed to 1.1% from 0.2% in December. Transport, housing, and food remain the biggest inflation drivers. Simonis Storm economist Almandro Jansen: today13 February, 2025
insert_link Business / Economics Corporate Borrowing Drives PSCE Growth Private Sector Credit Extension accelerated to 4.0% year-on-year in December 2024, the highest level since early 2023. The increase was fueled by stronger corporate credit demand, while household borrowing remained stagnant. Simonis Storm economist Almandro Jansen: today5 February, 2025
insert_link Business / Economics September Vehicle Sales Drop As Rental Purchases Plummet Vehicle sales in September reached 988 units, continuing a two-month decline. Out of these, 978 were sold to dealerships, 10 to rental agencies, and none to the government. Rental agency purchases saw a sharp drop, falling from 141 units in July to just 10 in September. The overall market was mainly sustained by sales in the commercial vehicle segment. Simonis Storm Economist: Almandro Jansen: today17 October, 2024
insert_link Business / Economics Simonis Storm Analyst Weighs In on Potential Repo Rate Cut Analysts expect the Bank of Namibia Monetary Policy Committee to announce a 25-basis point cut in the repo rate this Wednesday. The Brief says, however, Simonis Storm Securities Junior Economist, Almandro Jansen warned that while a cut is possible, it’s not guaranteed, with a likelihood just below 50%. He noted that inflation dynamics, particularly the recent decline in headline inflation, will significantly influence the MPC's decision. today16 October, 2024
