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Simonis Storm

6 Results / Page 1 of 1

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Namibia

Vehicle Sales Plummet in April 2024, Marking Year’s Lowest Figures

In April 2024, vehicle sales plummeted to 899 units, down from 1,451 units in March and 1,004 units in April last year, representing a negative growth rate of 38.0% month-on-month and 10.5% year-on-year. The decline, driven primarily by commercial vehicles, was the lowest monthly sales recorded this year. Simonis Storm Economist, Halleluya Ndimulunde.  

todayMay 21, 2024 16

Business / Economics

Private sector credit growth slows

Private sector credit extension experienced a sluggish of 1.3% year-on-year in March, reflecting a slowdown from February’s 1.7% year-on-year and a sharp decline from the 3.9% observed in March 2023. This represents the slowest pace of PSCE growth in the last decade. For the first quarter of 2024, the average annual credit growth further softened to 1.8% year-on-year, compared to 3.2% year-on-year in the same quarter of the previous year. […]

todayMay 7, 2024 9

Local

Nedbank Namibia Windhoek pedal power race series round 3 set for Sunday

    The 2024 Nedbank Namibia Windhoek Power Pedal Series third leg (WPP3) will take place on Sunday, 14 April at the entrance of Matchless Mine in Windhoek. Registration for the event closed on Wednesday at 17h00, with organisers anticipating between 190 to 220 cyclists to take part in the event. One of the organisers from the Windhoek Pedal Power Cycling Club, Stephanus Feris said preparations are going well. “All […]

todayApril 11, 2024 6

Business / Economics

Private Sector credit declines in February 2024

Private sector credit extension decreased in February 2024 to 1.7% year-on-year down from 2.4% year-on-year in January 2024 and 3.1% year-on-year in February 2023. The trend reflects a continued slowdown in credit uptake, with growth consistently falling below the six-month moving average. Households were the main contributors to the credit uptake. Simonis Storm Economist, Halleluya Ndimulunde.

todayApril 4, 2024 32

Namibia

Vehicle sales increase by 17% in 2023

New data shows that vehicle sales increased by 17% in 2023 to 12,775 units compared to 10,919 units sold in 2022. This marks the highest total of new vehicles sold in the country since 2017. December 2023 witnessed a downturn, with a year-on-year decline of 11.7% and a month-on-month drop of 28.2%, totaling 841 units. Halleluya Ndimulunde from Simonis and Storm has more.

todayJanuary 22, 2024 18

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