insert_link Business / Economics Morning Biz News – 17 February 2025 SACU Revenue Decline Expected in 2025 The Bank of Namibia has projected a decline in revenue from the Southern African Customs Union (SACU), dropping from N$28 billion in 2024 to N$21 billion in 2025. According to The Brief, Simonis Storm's Head of Investments, Max Rix, attributes this decrease to global economic conditions and adjustments in SACU’s revenue-sharing formula. This reduction is expected to impact Namibia’s fiscal plans, with potential budgetary […] today17 February, 2025
insert_link Business / Economics 07 February 2025 BIz News Inflation Rate Drops to 3.2% in January The Statistics Agency has released its latest report on the country’s inflation rate, revealing a decline in the annual headline inflation rate to 3.2% for January 2025. This marks a notable drop from the 5.4% recorded in January 2024. The decrease is attributed to lower fuel prices and easing food costs, providing relief to consumers. Minerals Council SA Calls for Faster Mining Approvals […] today7 February, 2025
insert_link Business / Economics 05 February: Morning Business News Update Here are the key financial developments making waves in the markets: Namibia Repo Rate Prediction: A local economic analyst predicts a decrease of 75 basis points in Namibia's repo rate during the 2025 financial period. Max Rix, a senior analyst at Simonis Storm Securities, shared his outlook with NewsOnOne, forecasting a 3.8% GDP growth for the same period. The forecasted rate cut reflects expectations of a more accommodative monetary […] today5 February, 2025
insert_link Business / Economics 04 February 2025- Biz News Wrap: Market Insights and Global Financial Developments 1. Namibia Stock Exchange Reports Steady Trading Activity The Namibia Stock Exchange (NSX) reported a total trade volume of 247,147 shares, valued at N$12.5 million, across 16 deals. The financial sector led the way, with more than 236,000 shares exchanged, amounting to N$8.2 million in total. Year-to-date, the NSX has seen 6.4 million shares traded, valued at N$369.8 million. This ongoing activity suggests a continued interest in market […] today4 February, 2025
insert_link Business / Economics Morning Biz News Update – 27 January 2025 Namibian Stock Exchange (NSX) Activity On 27 January 2025, the NSX recorded a total volume of 1,575,316 shares traded, valued at N$44.9 million across 34 deals. Financials and Basic Materials were the standout sectors, driving significant trade volumes and values. Year-to-date market activity has reached 4.54 million shares, totaling N$280.17 million across 334 deals. South African Rand Weakens The South African rand weakened yesterday, trading at 18.72 to […] today28 January, 2025
insert_link Business / Economics 09 January 2025 Morning Biz News: Namibian Stock Performance, South Africa’s Economic Challenges, and Global Financial Updates In the latest financial news, Letshego Holdings Namibia has emerged as the leader on the Namibian Stock Exchange for 2024, posting an impressive total return of 49.2%. This performance, based on the most recent figures, showcases Letshego’s strong position in the market. Nictus Holdings secured second place with a return of 30.4%, while Capricorn Group followed closely with a return of 24.7%. Meanwhile, in neighboring South Africa, the manufacturing […] today9 January, 2025
insert_link Business / Economics 7 November 2024 Morning Biz News Update: Global Economic Trends and Market Reactions In the midst of economic uncertainty and fluctuating markets, key events have been shaping global financial trends this week, with implications for businesses and markets across Africa and beyond. Afreximbank Trade Finance Seminar at Windhoek Country Club Resort The Windhoek Country Club Resort is currently hosting the Afreximbank Trade Finance Seminar and Workshop, bringing together industry experts and stakeholders to foster intra-Africa trade and address challenges in the current global […] today7 November, 2024
insert_link Business / Economics 5 November 2024 Morning Biz News Update: Key Financial Developments In the past year, Namibia has witnessed a significant increase in credit extension, with a total of N$3.37 billion issued—almost double the amount from the previous year. According to The Brief, individuals accounted for N$1.90 billion of this credit, while corporations took up N$1.47 billion. Private sector credit has shown positive growth, rising by 0.6% month-over-month and reaching an annual growth rate of 3.0% by September 2024. Meanwhile, the South […] today5 November, 2024
insert_link Business / Economics 4 November 2024 Morning Biz News: Namibia’s Economic Growth and Opportunities: A Business Overview The Namibian economy is witnessing significant developments across various sectors, with ambitious plans and partnerships paving the way for growth. The Namibia Berries Project is leading the charge with a strategic expansion plan that aims to increase its cultivated area by 75 hectares annually. Founder Michael Rodenburg has set a target of reaching 240 hectares by 2026, with a long-term vision of 500 hectares. The project's scalability will […] today4 November, 2024
