Year: 2022




NSX DAILY UPDATE (09 MARCH 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  120,743  18,874,757 100.00%
ETFs  -    -   0.00%
Total  120,743  18,874,757  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 18,874,757 worth of shares was traded on the NSX on Wednesday, with about N$ 10,972,378 worth of Anglo-American, N$  3,624,328 worth of Shoprite Holdings, and N$ 68,604 of Mobile Telecommunications Limited on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American decreased in share price at closing as company buyback program was halted
  • Shares belonging to Shoprite Holdings were purchased off by market participants
  • On the NSX local listing, Mobile Telecommunications Limited shares were sold in large volume resulting in an decrease  in share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 47.99 47.99 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.15 13.15 0.00%
First Rand Namibia FNB 29.51 29.50 -0.03%
Standard Bank Namibia SNO 5.39 5.39 0.00%
Oryx Limited ORY 10.00 10.00 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.78 12.77 -0.08%
Mobile Telecommunication Company MOC 8.24 8.10 -1.70%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades

,

­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 765.00 779.00 1.83%
B2Gold Corporation B2G 68.08 68.45 0.54%
Oceana Group Limited OCG 49.30 52.30 6.09%
Mediclinic International Plc MEP 65.11 66.36 1.92%
Truworths TRW 55.88 55.35 -0.95%
Nedbank Group Limited NBK 208.22 215.89 3.68%
Standard Bank Group SNB 153.47 156.88 2.22%
Shoprite Holdings SRH 228.33 233.04 2.06%
FirstRand Limited FST 63.30 64.94 2.59%
Momentum Metropolitan Holdings MMT 16.87 17.08 1.24%
Old Mutual Ltd OMM 12.28 12.42 1.14%
Sanlam Limited SLA 59.94 60.76 1.37%
Santam Limited SNM 291.81 296.04 1.45%
Vukile Property Fund Limited VKN 11.98 12.06 0.67%
Investec Limited IVD 78.89 84.55 7.17%
PSG Konsult Limited KFS 11.75 12.20 3.83%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 291.80 279.14 -4.34%
New Gold Palladium ETF NGNPLD 456.71 441.38 -3.36%
New Gold Platinum ETF N NGNPLT 173.47 157.17 -9.40%
New Funds S&P NAM Bond NFNAMA 15.91 16.08 1.07%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.05
EUR/ZAR 16.64
GBP/ZAR 19.82
EUR/GBP 0.83
EUR/USD 1.10
GBP/USD 1.36
AUD/USD 0.73
USD/JPY 116.13
Commodities  
Gold 1,987.00
Silver 25.85
Platinum 1,094.65
Palladium 2,930.27
WTI 109.86
Brent 113.48

Table 5: Exchange Rates and Commodities 


Local News

Erongo regional sports officer Berthold Karumendu is pleading with the business community to assist long-distance runner David Dam in his quest to compete at events outside Namibia. (Namibian Sun)

The Development Bank of Namibia (DBN) has issued a new bond, DBN29, with a face value of N$130 million. The seven-year bond was issued via private placement on 4 March 2022 and matures on 5 March 2029. (New Era Newspaper)

The Namibia Competition Commission (NCC) is investigating the sale of Bank of Namibia governor Johannes !Gawaxab's interests in Eos Capital Namibia, an investment firm with a portfolio of close to N$1 billion. (The Namibian)

Sub-Sahara News

Eskom is heading for a "financial bloody nose" as its plants continue to fail at a time when global prices for diesel, fuel oil, and coal are rocketing due to the invasion of Ukraine. (News24)

Momentum Metropolitan Holdings saw an increase in headline earnings per share by 64 per cent as well as improvements in new business value and volumes (CNBC Africa)

The information landscape in Africa - as elsewhere in the world - has expanded exponentially over the last decade. The proliferation of platform media, including Facebook, Twitter and YouTube, has been instrumental in this expansion. This has created important new debating spaces. (All Africa News)

International News

Yoon Suk Yeol, a conservative former top prosecutor, has been elected South Korea’s new president, defeating his chief liberal rival in one of the country’s most closely fought presidential elections. (Aljazeera News)

European stocks edged lower on Thursday amid worries about commodity-led inflationary pressures, as Russia faced a severed global backlash over its full-scale attack on Ukraine. (RTT News)

Russia's war in Ukraine entered the third week on Thursday with none of its key objectives reached despite thousands of people killed, more than two million made refugees, and thousands forced to cower in besieged cities under relentless bombardment. (Reuters)

NSX DAILY UPDATE (08 MARCH 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  333,479  31,491,844 99.81%
ETFs  3,800  60,629 0.19%
Total  337,279  31,552,473  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 31,491,844 worth of shares was traded on the NSX on Tuesday, with about N$ 11,176,249 worth of Anglo-American, N$ 1,369,361 worth of Shoprite Holdings, and N$ 9,814 of Mobile Telecommunications Limited on the home front. ETFs worth N$ 60,629 were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American decreased in share price at closing as company buyback program is halted
  • Shares belonging to Shoprite Holdings were sold off by market participants
  • On the NSX local listing, Mobile Telecommunications Limited shares were bought in large volume resulting in an increase in share price at closing
  • NewFunds S&P Namibia Bond ETF (NFNAM 10 Bonds NM) ETF was discharged by investors for profit gain
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 47.99 47.99 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.15 13.15 0.00%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 5.39 5.39 0.00%
Oryx Limited ORY 10.00 10.00 0.00%
Letshego LHN 2.50 2.50 0.00%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.78 12.78 0.00%
Mobile Telecommunication Company MOC 8.23 8.24 0.12%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 779.00 779.00 0.00%
Barloworld Limited BWL 68.08 68.08 0.00%
Oceana Group Limited OCG 53.58 47.99 -10.43%
Mediclinic International Plc MEP 64.87 65.11 0.37%
Truworths TRW 56.48 55.88 -1.06%
Nedbank Group Limited NBK 205.96 208.22 1.10%
Standard Bank Group SNB 154.43 153.47 -0.62%
Shoprite Holdings SRH 226.42 228.33 0.84%
FirstRand Limited FST 64.72 63.30 -2.19%
Momentum Metropolitan Holdings MMT 17.00 16.87 -0.76%
Old Mutual Ltd OMM 12.22 12.28 0.49%
Sanlam Limited SLA 60.54 59.94 -0.99%
Santam Limited SNM 292.32 291.81 -0.17%
Vukile Property Fund Limited VKN 12.29 11.98 -2.52%
Investec Limited IVD 80.55 78.89 -2.06%
PSG Konsult Limited KFS 12.20 11.75 -3.69%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 283.89 291.80 2.79%
New Gold Palladium ETF NGNPLD 431.05 456.71 5.95%
New Gold Platinum ETF N NGNPLT 167.02 173.47 3.86%
New Funds S&P NAM Bond NFNAMA 16.09 15.91 -1.12%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.25
EUR/ZAR 16.67
GBP/ZAR 20.02
EUR/GBP 0.83
EUR/USD 1.09
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 115.77
Commodities  
Gold 2,064.60
Silver 27.32
Platinum 1,187.70
Palladium 3,191.02
WTI 125.64
Brent 130.45

Table 5: Exchange Rates and Commodities 


Local News

Chief Vipuira Kapuuo of the Ovaherero Traditional Authority (OTA) has written to President Hage Geingob about alleged irregularities regarding Mutjinde Katjiua’s appointment. (Namibian Sun)

Revised figures indicate the government generated N$575 million in revenue from the governmental objective quota auctioned last year. (New Era Newspaper)

The liquidator of the Prowealth group of companies and investors who lost millions of Namibia dollars when the group collapsed in 2009, have tasted defeat in a lawsuit in which they sued the Namibia Financial Institutions Supervisory Authority (Namfisa) for nearly N$60 million. (The Namibian)

Sub-Sahara News

Eskom has announced that Stage 4 load shedding will be implemented from 09:00 on Wednesday morning until 05:00 on Friday. (News24)

MTN Uganda Limited has posted a 5.8 per cent rise in profit after tax to $95.3 million, according to the company's audited results for the financial year ended 31st December 2021. (CNBC Africa)

As of March 8, 2022, confirmed cases of Covid-19 from 55 African countries reached 11,273,204 while over 253,338,999 vaccinations have been administered across the continent. (All Africa News)

International News

As Russia faces unprecedented sanctions following its invasion of Ukraine, an equally extraordinary number of corporations are pulling out of the country – often going above and beyond what is required by law. (Aljazeera News)

European stocks are seen opening mixed on Wednesday as traders slash bets on interest-rate hikes from global central banks. (RTT News)

Crude oil prices jumped again on Wednesday while Asian stocks struggled for footing as investors assessed the impact of the worsening conflict in Ukraine and a new U.S. ban on Russian oil. (Reuters)

NSX DAILY UPDATE (07 MARCH 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  492,926  24,731,560 100.00%
ETFs  -    -   0.00%
Total  492,926  24,731,560  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 24,731,560 worth of shares was traded on the NSX on Monday, with about N$ 1,842,629  worth of Anglo-American, N$   376,360 worth of Shoprite Holdings, and  N$ 5,015,449 of Capricorn Group on the home front. No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American decreased in share price at closing as company buyback program is halted
  • Shares belonging to Shoprite Holdings were sold off by market participants
  • On the NSX local listing, Capricorn Group shares were bought in large volume resulting an increase in share price at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 48.00 47.99 -0.02%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 13.09 13.15 0.46%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 5.40 5.39 -0.19%
Oryx Limited ORY 8.56 8.56 0.00%
Letshego LHN 2.95 2.50 -15.25%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.77 12.78 0.08%
Mobile Telecommunication Company MOC 8.24 8.23 -0.12%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 789.20 779.00 -1.29%
Barloworld Limited BWL 105.28 105.28 0.00%
Oceana Group Limited OCG 55.07 53.58 -2.71%
Mediclinic International Plc MEP 65.49 64.87 -0.95%
Truworths TRW 60.40 56.48 -6.49%
Nedbank Group Limited NBK 217.43 205.96 -5.28%
Standard Bank Group SNB 162.44 154.43 -4.93%
Shoprite Holdings SRH 232.00 226.42 -2.41%
FirstRand Limited FST 68.03 64.72 -4.87%
Momentum Metropolitan Holdings MMT 17.89 17.00 -4.97%
Old Mutual Ltd OMM 12.35 12.22 -1.05%
Sanlam Limited SLA 63.19 60.54 -4.19%
Santam Limited SNM 293.88 292.32 -0.53%
Vukile Property Fund Limited VKN 12.70 12.29 -3.23%
Investec Limited IVD 81.09 80.55 -0.67%
PSG Konsult Limited KFS 12.80 12.20 -4.69%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 281.80 283.89 0.74%
New Gold Palladium ETF NGNPLD 441.26 431.05 -2.31%
New Gold Platinum ETF N NGNPLT 165.06 167.02 1.19%
New Funds S&P NAM Bond NFNAMA 16.31 16.09 -1.35%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.38
EUR/ZAR 16.70
GBP/ZAR 20.34
EUR/GBP 0.82
EUR/USD 1.10
GBP/USD 1.36
AUD/USD 0.74
USD/JPY 115.44
Commodities  
Gold 2,011.45
Silver 26.29
Platinum 1,152.60
Palladium 3,124
WTI 122.66
Brent 127.25

Table 5: Exchange Rates and Commodities 


Local News

Overall annual inflation averaged at 3.6% at the end of 2021 compared to 2.4% recorded at the end of 2020. (Namibian Sun)

Despite having been interrupted by the Covid-19 pandemic, The Kasi Vibe Festival’s quest to promote local art was reignited this past weekend with an array of products and services after a two-year hiatus. (New Era Newspaper)

A project to service 307 erven at Kaisosi Extension 9 at Rundu is being rolled out with funding from the Tunga Real Estate Fund. (The Namibian)

Sub-Sahara News

Oil pushed higher as the U.S. moved a step closer to imposing a ban on Russian crude imports following its invasion of Ukraine. (News24)

Oil prices continued to surge in Monday morning trade as the market reacted to supply disruptions stemming from Russia’s ongoing invasion of Ukraine and the possibility of a ban on Russian oil and natural gas. (CNBC Africa)

Despite Russia's growing engagement across Africa, the UN vote shows there is lower tolerance now from that continent for such an aggressive invasion of Ukraine. (All Africa News)

International News

A top Russian official has warned that a Western ban on Russian oil imports could result in oil prices more than doubling to about $300 per barrel and prompt the closure of the main gas pipeline from Russia to Germany. (Aljazeera News)

Asian stocks advanced on Tuesday as investors gained some optimism from talks aimed at ending the Russian military assault on Ukraine. (RTT News)

Oil prices see-sawed on Tuesday with Brent crude futures trading at $125 per barrel, around 10% below a 14-year high struck in the last session, reflecting relief that European allies were not planning to join a possible U.S. ban on Russian oil imports. (Reuters)

Trade statistics Report: January 2022

Analysis

  • Namibia’s total export earnings declined by 24% for January 2022 when compared to December 2021. This was due to a decline in the exports of copper blisters, precious stones, inorganic chemical elements, fruits, and nuts
  • On an annual basis, total exports earnings increased by 22%. This resulted from an increase in the exports earnings recorded for commodities such as copper blisters, uranium, non-monetary gold, and fish
  • Namibia’s import bill dropped by 6.0% for January 2022 when compared to December 2021. This came as a result of a decline in the import products of ores and concentrates of precious metals, road motor vehicles, iron and steel bars
  • On an annual basis, total imports increased by 24.9%. This was influenced by an increase in the importation of copper blisters, precious stones, fish, and non-monetary gold (See figure 1 below)

  Figure 1: Export and Import value (N$ million), January 2021 – January 2022

Source: Namibia Statistics Agency & HEI RESEARCH

Figure 2: Trade Balance (January 2021 - January 2022)

Source: NSA & HEI RESEARCH

Outlook

Namibia is still reliant on imports for the majority of goods and dependent on commodity exports. Prioritization of investments to improve the productivity and enhance value addition on domestic commodities and the facilitation of access to credit for businesses remains crucial to improve the country’s trade balance and narrow trade deficit.

NSX DAILY UPDATE (04 MARCH 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  3,292,552  159,390,908 99.72%
ETFs  1,600  448,000 0.28%
Total  3,294,152  159,838,908  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 159,390,908 worth of shares was traded on the NSX on Friday,  with about N$  1,729,820 worth of Anglo-American, N$  26,540,549 worth of Shoprite Holdings, and no trades occurred  on the home front. ETFs worth N$ 448,000 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American decreased in share price at closing as company buyback programme is halted
  • Shares belonging to Shoprite Holdings were sold off by market participants
  • New Gold Issuer Ltd NM ETF were bought in large volumes as hedging of risk from geopolitical conflicts in Europe
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 48.00 48.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.87 12.87 0.00%
First Rand Namibia FNB 29.51 29.51 0.00%
Standard Bank Namibia SNO 5.40 5.40 0.00%
Oryx Limited ORY 8.56 8.56 0.00%
Letshego LHN 2.50 2.95 18.00%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.77 12.77 0.00%
Mobile Telecommunication Company MOC 8.25 8.25 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 829.52 789.20 -4.86%
Barloworld Limited BWL 105.28 105.28 0.00%
Oceana Group Limited OCG 54.60 55.07 0.86%
Mediclinic International Plc MEP 66.50 65.49 -1.52%
Truworths TRW 63.90 60.40 -5.48%
Nedbank Group Limited NBK 226.31 217.43 -3.92%
Standard Bank Group SNB 169.89 162.44 -4.39%
Shoprite Holdings SRH 238.29 232.00 -2.64%
FirstRand Limited FST 70.80 68.03 -3.91%
Momentum Metropolitan Holdings MMT 18.54 17.89 -3.51%
Old Mutual Ltd OMM 12.96 12.35 -4.71%
Sanlam Limited SLA 66.49 63.19 -4.96%
Santam Limited SNM 300.00 293.88 -2.04%
Vukile Property Fund Limited VKN 13.10 12.70 -3.05%
Investec Limited IVD 83.31 81.09 -2.66%
PSG Konsult Limited KFS 12.35 12.80 3.64%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 278.46 274.18 -1.54%
New Gold Palladium ETF NGNPLD 396.50 401.91 1.36%
New Gold Platinum ETF N NGNPLT 158.57 158.23 -0.21%
New Funds S&P NAM Bond NFNAMA 16.37 16.38 0.06%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.39
EUR/ZAR 16.75
GBP/ZAR 20.34
EUR/GBP 0.82
EUR/USD 1.10
GBP/USD 1.36
AUD/USD 0.74
USD/JPY 114.91
Commodities  
Gold 1,988
Silver 26.00
Platinum 1,145.30
Palladium 3,135.52
WTI 126.11
Brent 130.10

Table 5: Exchange Rates and Commodities 


Local News

The agriculture ministry has received 40 tablets and 56 smartphones from the Food and Agriculture Organisation for monitoring locust swarms in farming areas. (Namibian Sun)

Windhoek is to celebrate yet another housing development in the city’s upmarket Avis area. The new development will be known as Avis Smart Village. (New Era Newspaper)

The Ovaherero Traditional Authority (OTA) on Saturday appointed professor Mutjinde Katjiua as its paramount chief. (The Namibian)

Sub-Sahara News

As key oil producer Russia intensifies its onslaught in Ukraine, the oil price briefly hit $139 per barrel – the highest level since 2008 - on Monday. (News24)

Santam pays record R24bn in claims as agriculture and business interruption was at the core of Santam's pay-out record for this financial period. (CNBC Africa)

The people of Iwhrekan, an oil and gas producing community in Ughelli South Local Government Area of Delta State, have threatened massive protest over what they termed long years of neglect by oil companies operating in the locality. (All Africa News)

International News

A second attempt to evacuate civilians from the besieged port city of Mariupol, in southern Ukraine, has collapsed as both Ukrainians and Russians blame each other for violating a previously agreed ceasefire. (Aljazeera News)

Asian stocks ended mostly higher on Monday as optimism over talks between Russia and Ukraine outweighed concerns over banning Russia from the SWIFT financial system. (RTT News)

Netflix, a global streaming entertainment service, top accounting firms KPMG and PwC and financial services firm American Express on Sunday cut ties with Russia as that country's conflict with Ukraine escalated. (Reuters)

NSX DAILY UPDATE (03 MARCH 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  746,176  29,334,959 99.47%
ETFs  669  154,893 0.53%
Total  746,845  29,489,852  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 29,489,852 worth of shares was traded on the NSX on Thursday,  with about N$ 3,905,576 worth of Anglo-American plc, N$  5,873,897 worth of Shoprite Holdings, and N$182,500 Letshego Holdings (Namibia) on the home front. ETFs worth N$ 154,893were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price increased in price at closing
  • Shares belonging to Shoprite Holdings were bought by market participants
  • On the local NSX listing,  Letshego Holdings (Namibia) shares were traded with an radical change in share price as financial statement reports display good performance
  • New Gold Issuer Ltd NM and New Gold Platinum ETF N were bought in large volumes as hedging of risk from geopolitical conflicts in Europe
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 48.00 48.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.87 12.87 0.00%
First Rand Namibia FNB 29.50 29.51 0.03%
Standard Bank Namibia SNO 5.40 5.40 0.00%
Oryx Limited ORY 8.56 8.56 0.00%
Letshego LHN 1.58 2.50 58.23%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.77 12.77 0.00%
Mobile Telecommunication Company MOC 8.25 8.25 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 807.59 829.52 2.72%
Barloworld Limited BWL 108.62 105.28 -3.07%
Oceana Group Limited OCG 53.83 54.60 1.43%
Mediclinic International Plc MEP 68.18 66.50 -2.46%
Truworths TRW 62.17 63.90 2.78%
Nedbank Group Limited NBK 224.08 226.31 1.00%
Standard Bank Group SNB 167.43 169.89 1.47%
Shoprite Holdings SRH 234.68 238.29 1.54%
FirstRand Limited FST 67.50 70.80 4.89%
Momentum Metropolitan Holdings MMT 18.33 18.54 1.15%
Old Mutual Ltd OMM 12.63 12.96 2.61%
Sanlam Limited SLA 63.75 66.49 4.30%
Santam Limited SNM 277.66 300.00 8.05%
Vukile Property Fund Limited VKN 12.66 13.10 3.48%
Investec Limited IVD 84.51 83.31 -1.42%
PSG Konsult Limited KFS 12.90 12.35 -4.26%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 278.46 274.18 -1.54%
New Gold Palladium ETF NGNPLD 396.50 401.91 1.36%
New Gold Platinum ETF N NGNPLT 158.57 158.23 -0.21%
New Funds S&P NAM Bond NFNAMA 16.37 16.38 0.06%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.24
EUR/ZAR 16.81
GBP/ZAR 20.34
EUR/GBP 0.82
EUR/USD 1.10
GBP/USD 1.36
AUD/USD 0.73
USD/JPY 115.45
Commodities  
Gold 1 939
Silver 25.26
Platinum 1 087
Palladium 2 770.52
WTI 108.69
Brent 111.27

Table 5: Exchange Rates and Commodities 


Local News

Agribank through its agri advisory services, hosted a stakeholder meeting in Otjiwarongo to strengthen and establish relationships with key industry stakeholders recently. (Namibian Sun)

The Kapinga Kamwalye Conservancy in the Mashare constituency of Kavango East is facing a crisis of illegal tree harvesting. (New Era Newspaper)

The Ministry of Urban and Rural Development is one of the biggest losers in the national budget tabled last week – losing around N$243 million compared to last year's budget allocation. (The Namibian)

Sub-Sahara News

Exxaro Resources expects Russia's invasion of Ukraine will trigger a renewed Europe energy crisis, while presenting opportunities for the South African miner as European coal plants scramble to find high-quality coal. (News24)

South Africa’s biggest bank by market value FirstRand has upped its interim dividend; economic profit has rebounded strongly with a pre-provision operating profit growth 6 per cent. (CNBC Africa)

African countries have intensified efforts to evacuate their nationals from Ukraine. The African Union has urged governments to respect international law and assist all those fleeing from the war in Ukraine after African students raised concerns of discrimination at the border points. (All Africa News)

International News

Russia and Ukraine have agreed on the need for humanitarian corridors to deliver aid and help civilians exit besieged Ukrainian cities, in the first apparent sign of progress in talks between the warring sides. (Aljazeera News)

European bourses are expected to open on a restrained note on the last day of the week amidst the conflict and combat in Ukraine that continues unabated. (RTT News)

A fire that broke out in a training building near the largest nuclear power plant in Europe during intense fighting between Russian and Ukrainian forces has been extinguished, Ukraine's state emergency service said on Friday.  (Reuters)

NSX DAILY UPDATE (02 MARCH 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  1,697,101  127,977,776 99.94%
ETFs  338  78,635 0.06%
Total  1,697,439  128,056,411  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 127,977,776 worth of shares was traded on the NSX on Wednesday with about N$ 53,307,630 worth of Anglo-American plc, N$ 9,382,255 worth of Shoprite Holdings, and N$ 4,781,433 Mobile Telecommunications Ltd on the home front. ETFs worth N$ 78,635 were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price decreased in price at closing as investors
  • Shares belonging to Shoprite Holdings were sold by market participants
  • On the local NSX listing Mobile Telecommunications shares were traded without a change in share price
  • New Gold Issuer Ltd NM and New Gold Platinum ETF N were bought in large volumes as hedging of risk from geopolitical conflicts in Europe
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 48.00 48.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.87 12.87 0.00%
First Rand Namibia FNB 29.50 29.51 0.03%
Standard Bank Namibia SNO 5.40 5.40 0.00%
Oryx Limited ORY 8.56 8.56 0.00%
Letshego LHN 1.58 1.58 0.00%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.77 12.77 0.00%
Mobile Telecommunication Company MOC 8.25 8.25 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 815.00 807.59 -0.91%
Barloworld Limited BWL 114.73 108.62 -5.33%
Oceana Group Limited OCG 54.15 53.83 -0.59%
Mediclinic International Plc MEP 68.95 68.18 -1.12%
Truworths TRW 60.95 62.17 2.00%
Nedbank Group Limited NBK 221.85 224.08 1.01%
Standard Bank Group SNB 167.33 167.43 0.06%
Shoprite Holdings SRH 230.87 234.68 1.65%
FirstRand Limited FST 68.06 67.50 -0.82%
Momentum Metropolitan Holdings MMT 18.59 18.33 -1.40%
Old Mutual Ltd OMM 12.82 12.63 -1.48%
Sanlam Limited SLA 64.12 63.75 -0.58%
Santam Limited SNM 276.69 277.66 0.35%
Vukile Property Fund Limited VKN 12.55 12.66 0.88%
Investec Limited IVD 87.47 84.51 -3.38%
PSG Konsult Limited KFS 13.00 12.90 -0.77%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 276.11 278.46 0.85%
New Gold Palladium ETF NGNPLD 401.28 396.50 -1.19%
New Gold Platinum ETF N NGNPLT 156.45 158.57 1.36%
New Funds S&P NAM Bond NFNAMA 16.46 16.37 -0.55%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.32
EUR/ZAR 17.01
GBP/ZAR 20.55
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.73
USD/JPY 115.66
Commodities  
Gold 1 927.70
Silver 25.36
Platinum 1 078
Palladium 2 645.00
WTI 114.34
Brent 116.89

Table 5: Exchange Rates and Commodities 


Local News

Government is prepared to spend about N$ 224.4 million on travel and subsistence allowance (S&T) in the new budget year. (Namibian Sun)

The tourism sector has welcomed Qatar Airways’ decision to resume direct return flights from Doha to Windhoek by July this year. At the moment, the direct (non-stop) flights between Windhoek-Doha have been inactive. (New Era Newspaper)

A Splinter group of the Ovaherero Traditional Authority will approach the High Court to challenge the appointment of a chief designate. (The Namibian)

Sub-Sahara News

A group of current and former employees of Denel says its next step is to attach around R4.3 million held in an RMB corporate bank account after the state-owned arms manufacturer failed to comply with a court order to pay their unpaid salaries dating back to May 2020. (News24)

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. (CNBC Africa)

South Africa is scrambling to repair relations with the Kremlin after International Relations and Cooperation Minister Naledi Pandor issued an unusually strong statement calling on Russia to withdraw from Ukraine. (All Africa News)

International News

At least one million people have fled Ukraine in the week since Russia’s invasion, the United Nations said, with one official warning that “at this rate” the exodus could become “the biggest refugee crisis this century”. (Aljazeera News)

Asian markets nosedived on Thursday as Russia declared war against Ukraine, claiming the invasion is intended to protect civilians. (RTT News)

Top Japanese automakers including Toyota were forced to halt production in Russia as Western sanctions that followed its invasion of Ukraine scrambled logistics and cut supply chains, deepening the country's economic isolation. (Reuters)

NSX DAILY UPDATE (01 MARCH 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  360,326  5,857,426 100.00%
ETFs  -    -   0.00%
Total  360,326  5,857,426  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 5,857,426 worth of shares was traded on the NSX on Tuesday with about N$  565,993 worth of Santam Limited, N$ 731,302 worth of Momentum Metropolitan, and N$ 3,296  Mobile Telecommunications Ltd on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Santam Limited share price increased in price at closing as investors
  • Shares belonging to Momentum Metropolitan were sold by market participants
  • On the local NSX listing Mobile Telecommunications shares were traded without a change in share price
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 48.00 48.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.87 12.87 0.00%
First Rand Namibia FNB 29.49 29.50 0.03%
Standard Bank Namibia SNO 5.96 5.40 -9.40%
Oryx Limited ORY 8.56 8.56 0.00%
Letshego LHN 1.58 1.58 0.00%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.77 12.77 0.00%
Mobile Telecommunication Company MOC 8.25 8.25 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 781.98 815.00 4.22%
Barloworld Limited BWL 122.85 114.73 -6.61%
Oceana Group Limited OCG 53.99 54.15 0.30%
Mediclinic International Plc MEP 68.44 68.95 0.75%
Truworths TRW 58.57 60.95 4.06%
Nedbank Group Limited NBK 218.59 221.85 1.49%
Standard Bank Group SNB 162.64 167.33 2.88%
Shoprite Holdings SRH 229.00 230.87 0.82%
FirstRand Limited FST 66.12 68.06 2.93%
Momentum Metropolitan Holdings MMT 18.59 18.59 0.00%
Old Mutual Ltd OMM 12.60 12.82 1.75%
Sanlam Limited SLA 64.66 64.12 -0.84%
Santam Limited SNM 274.00 276.69 0.98%
Vukile Property Fund Limited VKN 12.55 12.55 0.00%
Investec Limited IVD 86.45 87.47 1.18%
PSG Konsult Limited KFS 13.74 13.00 -5.39%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 275.81 276.11 0.11%
New Gold Palladium ETF NGNPLD 375.05 401.28 6.99%
New Gold Platinum ETF N NGNPLT 157.37 156.45 -0.58%
New Funds S&P NAM Bond NFNAMA 16.47 16.46 -0.06%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.41
EUR/ZAR 17.13
GBP/ZAR 20.51
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 115.08
Commodities  
Gold 1 940.10
Silver 25.15
Platinum 1 054
Palladium 2 618.59
WTI 108.50
Brent 110.15

Table 5: Exchange Rates and Commodities 


Local News

The management committee of the City of Windhoek has taken a resolution to halt all disciplinary processes instituted against the municipality. (Namibian Sun)

Tomorrow, Namibian consumers will experience one of the largest-ever fuel increases in the country’s history when petrol will increase by N$1.20 and diesel will jump by N$1.30. (New Era Newspaper)

The Namibian Statistic Agency says the Population and Housing Census (PHC) will no longer take place in August this year as it was communicated earlier, due to financial constraints. (The Namibian)

Sub-Sahara News

The Johannesburg Stock Exchange (JSE) lost 25 listings in 2021. A year earlier, 20 companies left the exchange, and in 2019 there were 24 delistings. (News24)

PSG announced earlier today that it will be delisting from the Johannesbrg Stock Exchange - flagging the red tape limiting their operations that comes with it. (CNBC Africa)

The International Federation of Association Football (FIFA) has suspended Zimbabwe's and Kenya's memberships over government interference in the countries' football associations. FIFA President Giovanni Infantino announced the suspensions at a press conference broadcast February 24 on the football governing body's website. (All Africa News)

International News

United Nations agencies have launched an emergency appeal to respond to soaring humanitarian needs following Russia’s invasion of Ukraine. (Aljazeera News)

Asian stocks steadied on Wednesday as Russia faced mounting pressure and economic sanctions over the Ukraine crisis. (RTT News)

American big brands including Apple, Google, Ford and Harley-Davidson on Tuesday stopped sales and distanced themselves from Russia because of the invasion of Ukraine, joining a growing list of companies from shippers to car makers to energy companies shunning the country. (Reuters)

NSX DAILY UPDATE (28 FEBRUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  1,605,615  118,959,007 99.35%
ETFs  4,902  775,25 0.65%
Total  1,610,517  119,734,257  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 118,959,007 worth of shares was traded on the NSX on Monday with about N$  1,800,259 worth of Anglo-American, N$  55,353,063 worth of Barloworld Limited, and N$  717,234 Capricorn Group Limited on the home front. ETFs worth N$ 775, 25 were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price increased in
  • Shares belonging to Barloworld Limited were bought as talks about their disposal of assets sparks interest in investors for a hefty payday
  • On the local NSX listing Capricorn Group Limited shares were traded due to the published Financial Statements resulting into a dramatic increase in share price at closing.
  • New Gold Platinum ETF N was offloaded by market participants causing  a tremendous incline in share price
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 48.00 48.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.87 13.09 1.71%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 5.96 5.96 0.00%
Oryx Limited ORY 8.56 8.56 0.00%
Letshego LHN 1.58 1.58 0.00%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.77 12.77 0.00%
Mobile Telecommunication Company MOC 8.25 8.25 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 742.35 781.98 5.34%
Barloworld Limited BWL 126.20 122.85 -2.65%
Oceana Group Limited OCG 53.86 53.99 0.24%
Mediclinic International Plc MEP 68.27 68.44 0.25%
Truworths TRW 59.50 58.57 -1.56%
Nedbank Group Limited NBK 215.13 218.59 1.61%
Standard Bank Group SNB 159.90 162.64 1.71%
Shoprite Holdings SRH 228.68 229.00 0.14%
FirstRand Limited FST 66.56 66.12 -0.66%
Momentum Metropolitan Holdings MMT 18.23 18.67 2.41%
Old Mutual Ltd OMM 12.94 12.60 -2.63%
Sanlam Limited SLA 64.25 64.66 0.64%
Santam Limited SNM 267.82 274.00 2.31%
Vukile Property Fund Limited VKN 12.40 12.56 1.29%
Investec Limited IVD 87.71 86.45 -1.44%
PSG Konsult Limited KFS 13.60 13.74 1.03%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 268.32 275.81 2.79%
New Gold Palladium ETF NGNPLD 357.92 375.05 4.79%
New Gold Platinum ETF N NGNPLT 155.79 157.37 1.01%
New Funds S&P NAM Bond NFNAMA 16.53 16.47 -0.36%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.38
EUR/ZAR 17.22
GBP/ZAR 20.63
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.73
USD/JPY 115.09
Commodities  
Gold 1 906.55
Silver 24.43
Platinum 1 046.80
Palladium 2 487.77
WTI 97.00
Brent 99.52

Table 5: Exchange Rates and Commodities 


Local News

The mining industry and most of the industries in the tertiary sector are expected to drive the economy in 2022 and 2023. (Namibian Sun)

The mines and energy ministry last week confirmed the discovery of light oil in the Venus well of the joint venture between TotalEnergies (40%), QatarEnergy (30%), Impact Oil and Gas (20%) and the National Petroleum Corporation of Namibia (10%). (New Era Newspaper)

President Geingob and the emir of Qatar HH Sheikh Tamim bin Hamad Al Tani met today and discussed issues of bilateral concern, including agriculture, the fight against the Covid-19 pandemic and tourism. (The Namibian)

Sub-Sahara News

Wine producers – who are still reeling from the impact of Covid-19 – are facing further uncertainty due to the Russian invasion of Ukraine. (News24)

Russia’s rouble plummeted against the dollar on Monday to lead losses among developing world currencies after a clutch of Western nations imposed biting new sanctions on Russia for its invasion of Ukraine (CNBC Africa)

South Africa is scrambling to repair relations with the Kremlin after International Relations and Cooperation Minister Naledi Pandor issued an unusually strong statement calling on Russia to withdraw from Ukraine. (All Africa News)

International News

As Russia’s economy gets hammered by sanctions, China has emerged as the key player with the potential to lessen its partner’s economic pain. (Aljazeera News)

European stocks tumbled on Tuesday to hit a seven-month low after Russian President Vladimir Putin ordered troops into two breakaway areas of Ukraine that he had earlier recognized as independent. (RTT News)

More Western companies are expected to pull out of Russia on Tuesday, as corporations and investors across industries follow the lead of energy firms BP and Shell that abandoned multi-billion-dollar positions after the invasion of Ukraine. (Reuters)

NSX DAILY UPDATE (25 FEBRUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall  784,877  53,452,303 99.78%
ETFs  744  115,454 0.22%
Total  785,621  53,567,757  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 53,452,303 worth of shares was traded on the NSX on Friday, with about N$ 551,378 worth of Anglo-American, N$ 31,383,500 worth of Barloworld Limited, and N$ 383,370 FirstRand Namibia Ltd on the home front. ETFs worth N$ 115,454 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price reduced in price at closing as investors starts to hedge from a potential war.
  • Shares belonging to Barloworld Limited were bought as talks about their disposal of assets sparks interest in investors for a hefty payday
  • On the local NSX listing FirstRand Namibia Ltd shares were traded resulting into  a decline in share price at closing
  • New Gold Platinum ETF N was offloaded by market participants causing  a tremendous decline in share price
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 48.00 48.00 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 11.23 12.87 14.60%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 5.97 5.96 -0.17%
Oryx Limited ORY 8.56 8.56 0.00%
Letshego LHN 1.58 1.58 0.00%
Namibia Asset Management NAM 0.66 0.66 0.00%
Stimulus SILP 127.90 127.90 0.00%
Paratus Namibia Holdings Ltd PNH 12.77 12.77 0.00%
Mobile Telecommunication Company MOC 8.25 8.25 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


­­

Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 735.23 742.35 0.97%
Barloworld Limited BWL 124.37 126.20 1.47%
Oceana Group Limited OCG 51.90 53.86 3.78%
Mediclinic International Plc MEP 67.68 68.27 0.87%
Truworths TRW 60.60 59.50 -1.82%
Nedbank Group Limited NBK 212.02 215.13 1.47%
Standard Bank Group SNB 157.98 159.90 1.22%
Shoprite Holdings SRH 226.88 228.68 0.79%
FirstRand Limited FST 64.57 66.56 3.08%
Momentum Metropolitan Holdings MMT 18.24 18.23 -0.05%
Old Mutual Ltd OMM 12.83 12.94 0.86%
Sanlam Limited SLA 63.53 64.25 1.13%
Santam Limited SNM 268.16 267.82 -0.13%
Vukile Property Fund Limited VKN 12.40 12.40 0.00%
Investec Limited IVD 84.89 87.71 3.32%
PSG Konsult Limited KFS 13.60 13.60 0.00%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 279.23 268.32 -3.91%
New Gold Palladium ETF NGNPLD 388.38 357.92 -7.84%
New Gold Platinum ETF N NGNPLT 161.36 155.79 -3.45%
New Funds S&P NAM Bond NFNAMA 16.44 16.53 0.55%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.33
EUR/ZAR 17.11
GBP/ZAR 20.48
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 115.51
Commodities  
Gold 1 910.80
Silver 24.40
Platinum 1 063
Palladium 2 508.77
WTI 96.81
Brent 99.31

Table 5: Exchange Rates and Commodities 


Local News

Prominent northern business people have left the Namibia Chambers of Commerce and Industry (NCCI) to form their own organisation, saying the current NCCI is “pure nonsense”. (Namibian Sun)

Tunacor Group subsidiary company Namsov showed the fishing industry that value could be added to wet landed horse mackerel. (New Era Newspaper)

NAMPower will on Monday disconnect power supply to the Kombat settlement to recover N$29 million owed to it. (The Namibian)

Sub-Sahara News

Discovery Bank has about one-tenth of customers that TymeBank has attracted to date, and yet, its retail deposit book is growing much faster, and so is its lending book. (News24)

The Russian rouble steadied and pulled away from record low territory on Friday, but the currency was heading for its worst weekly performance since the onset of the pandemic as Russia pressed ahead with its invasion of Ukraine. (CNBC Africa)

The maiden budget tabled by South Africa's new Finance Minister Enoch Godongwana carefully balances his desire to stimulate economic growth and reduce borrowing with the need to assist welfare grants to the growing number of poor. (All Africa News)

International News

As Russia’s economy gets hammered by sanctions, China has emerged as the key player with the potential to lessen its partner’s economic pain. (Aljazeera News)

Asian stocks cut early losses to end mixed on Monday after U.S. President Joe Biden and Russian President Vladimir Putin agreed in principle to a summit over Ukraine. (RTT News)

Crude oil jumped while the rouble plunged nearly 30% to a record low on Monday after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT global payments system. (Reuters)


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