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    Josia Shigwedha

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    Josia Shigwedha

credit access

2 Results / Page 1 of 1

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

Namibia

Business Confidence Climbs Amid Improved Credit Access

The latest Standard Bank Afrotrade barometer indicates a rise in local business confidence, with the index score increasing from 58 to 59 out of 100 since May 2023. As per The Brief, this boost is largely due to improved access to credit, as only 39% of surveyed businesses reported challenges in securing credit, a slight improvement from 42% reported in May 2023.

today29 October, 2024