insert_link Business / Economics Vehicle Sales Surge in June The local car market saw a sharp rebound in June 2025, posting 1,313 units sold — a 29.9% jump from May and 32.2% higher than June 2024. According to Simonis Storm economist Almandro Jansen, the strong performance signals rising consumer confidence and an improved economic environment, making it the second-best month for sales this year. today23 July, 2025
insert_link Business / Economics Inflation inches up to 3.7% in June 2025 Inflation has climbed to 3.7% year-on-year in June, up from 3.5% in May, but still below the 4.6% reported in June last year. The increase marks a pause in the two-month slowdown trend observed earlier in the year. According to Simonis Storm economist Almandro Jansen, the uptick was driven by modest price rises across food and non-alcoholic beverages (6.4%), alcoholic drinks and tobacco (6.9%), and housing and utilities (4.1%)—while transport […] today15 July, 2025
insert_link Business / Economics Central Region Sees Sharp Drop in Hotel Occupancy.. The central region’s occupancy rate dropped to 37.52% in May, down from 44.41% in April, according to economist Almandro Jansen from Simonis Storm. The decline is likely linked to a decrease in corporate or event-related travel. Hospitality Association CEO Gitta Paetzold notes that while coastal occupancy also dipped to 54.43%, the area remains popular with both leisure and business visitors. today27 June, 2025
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 South Africa Why SA’s spending boom isn’t what it seems South African consumers remain under financial strain, despite data that may suggest a rebound in spending, according to a new strategy research report by Simonis Storm Securities, a 100% Namibian-owned stockbroker and wealth management company. Titled “The Illusion of Rebound: Underneath the Spend, the Strain Persists”, the May 2025 report indicates that a year-to-date consumer spend increase of just 0.6% year-on-year is being misinterpreted as economic recovery. When compared to […] today20 May, 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 Morning Biz News – 20 February 2025 Toyota Leads Vehicle Market in January Toyota has maintained its dominance in Namibia’s vehicle market, recording 555 new vehicle sales in January 2025. According to Simonis Storm Junior Economist Almandro Jansen, Toyota accounted for a significant portion of total sales, with 306 light commercial vehicles, 242 passenger vehicles—including popular models like the Corolla Cross and Fortuner—and several medium commercial units. The brand’s strong performance reinforces its leadership in both passenger […] today20 February, 2025
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 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
