insert_link Namibia Financial sector urged to embrace South Africa’s cybersecurity standards Financial Sector Conduct Authority, South Africa Local financial institutions have been encouraged to adopt South Africa’s newly introduced Joint Standard on Cybersecurity and Cyber Resilience Requirements, a comprehensive framework designed to bolster defenses against escalating cyber threats. The regulation, jointly issued by South Africa's Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA), mandates that banks, insurers, pension funds, and other financial service providers implement robust cybersecurity strategies. These […] today23 May, 2025
insert_link Business / Economics Trustco Bank Completes Voluntary Shutdown Trustco Bank has officially ceased operations, finalizing its voluntary closure process that began on 23 August 2024. Following extensive efforts to reimburse depositors, any unclaimed funds have been transferred to the Guardian Fund under the Master of the High Court, as directed by the Bank of Namibia. Trustco’s Deputy CEO, Quinton Van Rooyen Junior, confirmed the completion of the process. today4 March, 2025
insert_link Business / Economics Morning Biz News – 19 February 2025 The Namibian stock market recorded notable trading activity this month, with a total of 940,710 shares exchanged, valued at N$13.4 million across 53 deals. The financial sector led trading volumes, with 1,089,156 shares changing hands, amounting to N$2.6 million. Year-to-date, 8.4 million shares have been traded, totaling N$496.4 million across 660 deals. In South Africa, Statistics South Africa (Stats SA) has delayed the release of the January 2025 inflation report […] today19 February, 2025
insert_link South Africa SA’s 2025 G20 Host Role a Key Business Opportunity According To Standard Bank Standard Bank says South Africa’s role as host of the 2025 G20 Summit and its associated B20 Summit, presents a significant business opportunity. South Africa assumed the G20 Presidency in December 2024, becoming the first African country to hold the presidency of the world’s premier economic cooperation grouping. Standard Bank’s, Oscar Siziba, says the B20 Summit, the official business engagement forum of the G20, will provide a platform for private […] today13 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 Market Moves: Key Stats & Trends From NSX The local market recorded a total of 1,585,996 shares traded across 17 deals, with a total value of N$9.49 million. The financial sector led the market with 1,096,462 shares traded, amounting to N$9.4 million. The telecommunications sector saw a modest 2,496 shares exchanged, valued at N$19,740. Meanwhile, the consumer discretionary sector recorded 376 shares traded, while basic materials had 59 shares valued at N$32,078. today31 January, 2025
insert_link Business / Economics Four Entities Granted Provisional Licensing by Bank of Namibia The Bank of Namibia has granted provisional licences to Finatic Technologies, United PayPoint, Mindex Virtual Asset Exchange, and Landifa Bitcoin Trade under the 2023 Payment System and Virtual Asset Acts. BoN's Kazembire Zemburuka indicated in a press release that full licensing depends on meeting compliance conditions within six months. Stakeholder Engagement Officer, Strategic Communications and International Relations officer at the regulator Sonia Namadiko expands: today14 January, 2025
insert_link Business / Economics NSX Market Activity Snapshot for January 8 On January 8, 2025, the local market saw a total volume of 652,394 shares traded, valued at N$10,629,105 across 28 deals. The telecommunications sector reported 300 shares traded, while the financial sector saw N$2,200,008 in value with 12 deals. The overall market for the day included 1,615,875 shares traded, amounting to N$2,503,681 in value, with 17 deals. The exchange traded products accounted for 289 shares and N$100,424 in value […] today9 January, 2025
insert_link Business / Economics Weekly Economics Wrap: 7-14 November 2024 Your Weekly Economics Wrap Welcome to this week’s economic highlights, capturing key developments from Namibia, South Africa, across Africa, and on the international stage. Namibia: Access Bank’s Graduate Program & Market Activity Access Bank Namibia recently selected 38 promising graduates to join its highly sought-after Graduate Programme, where they will undergo rigorous training at the bank’s Lagos headquarters. Head of Human Resources Edwina Hashikutuva shared that the program received over […] today14 November, 2024
