insert_link Business / Economics Trump Confirms US Tariffs on Canada, Mexico, and China Will Proceed After weeks of speculation, U.S. President Donald Trump has announced that 25% tariffs will be imposed on imports from Canada and Mexico, plus another 10% on China, effective Tuesday, U.S. time. US markets reacted to the news with the S&P 500 marking its worst day since December, while the Dow Jones dropped more than 600 points. Mitch McCann reports: today4 March, 2025
insert_link Business / Economics Morning Market Roundup: 24 February 2025 Local Market Performance Namibia’s stock market saw significant trading activity, with over 1.5 million shares exchanged across 15 deals, amounting to a total value of N$12 million. The financial sector led market transactions, contributing N$9.4 million, followed by consumer staples and discretionary stocks. Year-to-date, the market has recorded 9.17 million shares traded, reaching a combined value of N$537.9 million. Sasol’s Secunda Plant Faces Uncertain Future A new study in […] today24 February, 2025
insert_link World US SEC seeks India’s help in investigating billionaire Gautam Adani The US Securities and Exchange Commission is seeking India's help in its investigation into Billionaire Gautam Adani who is considered close to Prime Minister Narendra Modi. Adani is accused of being part of a $265 million bribery scheme - an allegation he has called baseless. Ishan Garg tells us more from New Delhi. today19 February, 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 Business / Economics Morning Biz News – 18 February 2025 Local Market Update The Namibian stock market saw a total of 337,067 shares traded on 17 February 2025, amounting to N$9.32 million across 20 deals. Year-to-date, total trades have reached 8.5 million shares, valued at N$505.68 million. According to the NSX daily report, Financials, Basic Materials, and Consumer Staples led in value, while Exchange-Traded Products contributed N$12.03 million in trades so far this year. Rand Weakens Ahead of Budget Speech […] today18 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 30 January-6 February 2025 Weekly Economics Wrap: Tourism, Telecommunications, and Global Economic Trends The local hospitality industry in Namibia is undergoing a significant shift as several major hotels transition from fixed rates to dynamic pricing. This move, influenced by international trends and increasing operational costs, has raised concerns about the impact on domestic tourism, already facing economic challenges. A recent survey by The Brief revealed that fluctuating rates could affect local tourism, making it difficult for many Namibians to access affordable accommodations. This […] today6 February, 2025
insert_link Business / Economics Trustco forms committee for delisting plans Trustco Group Holdings Limited has announced the establishment of an independent committee to manage its proposed de-listing from the Johannesburg Stock Exchange, the Namibian Stock Exchange, and the OTCQX Market in the United States. This move aligns with the company’s plans to pursue a direct listing on the Nasdaq stock market. Quinton Van Rooyen Junior, Trustco’s Deputy CEO, explained that the formation of this committee is in accordance with […] today5 February, 2025
insert_link Business / Economics Trustco Group Aims to Become First Namibian Company Listed on Nasdaq Trustco Group Holdings Limited has officially applied to list its ordinary shares on the Nasdaq Stock Market. The application, submitted on 11 November, is part of the company’s plans to directly list its shares on Nasdaq, alongside its existing listings on the Namibian Stock Exchange and the Johannesburg Stock Exchange. If successful, Trustco will make history as the first Namibian company to be listed on Nasdaq. Trustco's Neville Basson: […] today13 November, 2024
