Year: 2022




NSX DAILY UPDATE (31 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 88 360 3 956 460 100.00%
ETFs 0 0 0.00%
Total 88 360 3 956 460  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 3 956 460 worth of shares was traded on the NSX on Monday, with about N$ 568 944 worth of Anglo-American, N$ 107 445 worth of Shoprite Holdings, and N$ 296 523 of Namibia Breweries on the home front. No ETFs were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price decreased in share price as the company buyback policy is halted.
  • Shares belonging to Shoprite Holdings were dumped by market participants causing a slight decline in share price.
  • On the NSX local listing, Namibia Breweries shares were traded without changing the share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.47 49.47 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 11.00 11.00 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 5.99 5.99 0.00%
Oryx Limited ORY 8.25 8.25 0.00%
Letshego LHN 1.51 1.53 1.32%
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 8.91 8.90 -0.11%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


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Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 693.41 677.55 -2.29%
Barloworld Limited BWL 131.61 133.02 1.07%
Oceana Group Limited OCG 56.90 57.16 0.46%
Mediclinic International Plc MEP 66.15 66.17 0.03%
Truworths TRW 56.28 57.04 1.35%
Nedbank Group Limited NBK 189.68 190.52 0.44%
Standard Bank Group SNB 149.31 149.41 0.07%
Shoprite Holdings SRH 210.57 210.01 -0.27%
FirstRand Limited FST 62.59 61.71 -1.41%
Momentum Metropolitan Holdings MMT 19.86 20.18 1.61%
Old Mutual Ltd OMM 13.80 13.79 -0.07%
Sanlam Limited SLA 61.30 62.85 2.53%
Santam Limited SNM 270.00 269.00 -0.37%
Vukile Property Fund Limited VKN 11.84 11.83 -0.08%
Investec Limited IVD 86.43 86.72 0.34%
PSG Konsult Limited KFS 14.00 14.00 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 260.88 260.05 -0.32%
New Gold Palladium ETF NGNPLD 351.02 363.66 3.60%
New Gold Platinum ETF N NGNPLT 150.60 152.32 1.14%
New Funds S&P NAM Bond NFNAMA 16.54 16.64 0.60%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.38
EUR/ZAR 17.28
GBP/ZAR 20.68
EUR/GBP 0.83
EUR/USD 1.11
GBP/USD 1.34
AUD/USD 0.70
USD/JPY 115.03
Commodities  
Gold 1 800
Silver 22.56
Platinum 1 029
Palladium 2 355.27
WTI 88.38
Brent 88.81

Table 5: Exchange Rates and Commodities 


Local News

Shareholders in the beleaguered Trustco Group Holdings were told they had to brace themselves for an expected “basic loss”.  (Namibian Sun)

Increasing commodity prices in fuel, electricity, food and transport, without any hope of salary increases for most, is grinding down the spending power of ordinary Namibians. (New Era Newspaper)

National Petroleum Corporation of Namibia (Namcor) managing director Immanuel Mulunga said the company will not back down on calls to have all employees vaccinated or be subject to weekly testing. (The Namibian)

Sub-Sahara News

Steinhoff has argued that granting the media access to a 3 000-page forensic probe into accounting fraud would likely undermine future court cases against implicated ex-executives, such as its former CEO Markus Jooste. (News24)

Rwanda on Monday re-opened a border crossing with Uganda closed three years ago when the government accused Kampala of harassing its nationals and supporting dissidents bent on removing the government in Kigali. (CNBC Africa)

As of January 31, 2022, confirmed cases of Covid-19 from 55 African countries reached 10 830 217 while over 212,713,528 vaccinations have been administered across the continent. (All Africa News)

International News

North Korea conducted tests of an upgraded long-range cruise missile and a warhead of a tactical guided missile this week, as leader Kim Jong Un visited a munitions factory producing a "major weapon system." (Reuters)

European stocks rebounded on Tuesday, after having succumbed to heavy selling pressure in the previous session on fears of aggressive Fed tightening and growing concern about Russia's troop build-up on Ukraine's border. (RTT News)

The United States and Russia have sparred over the Ukraine crisis at the UN Security Council, with Washington warning of a “horrific” war should Moscow decide to invade its neighbour and Russian diplomats playing down the threat of military conflict. (Aljazeera News)

NSX DAILY UPDATE (27 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 96 416 9 520 533 100.00%
ETFs 0 0 0.00%
Total 96 416 9 520 533  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 9 520 533 worth of shares was traded on the NSX on Thursday, with about N$ 3 264 308 worth of Anglo-American, N$ 1 655 039 worth of Shoprite Holdings, and N$  782 635 of Letshego Holdings Namibia on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price increased by 0.7% at closing, as market as company buyback programme resumes
  • Shares belonging to Shoprite Holdings were bought by market participants leading to an increase in share price.
  • On the NSX local listing, of FirstRand Namibia shares were traded causing the share price to surge at closing.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.47 49.47 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 11.00 11.00 0.00%
First Rand Namibia FNB 29.49 29.50 0.03%
Standard Bank Namibia SNO 5.99 5.99 0.00%
Oryx Limited ORY 8.25 8.25 0.00%
Letshego LHN 1.51 1.51 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 8.91 8.91 0.00%
Alpha Namibia Industries Renewable Power Limited ANE 9.00 9.00 0.00%

Table 2: Primary listed Trades


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Name South African Dual Listed Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Anglo-American plc ANM 703.99 709.19 0.74%
Barloworld Limited BWL 130.86 132.16 0.99%
Oceana Group Limited OCG 54.63 56.07 2.64%
Mediclinic International Plc MEP 65.15 66.61 2.24%
Truworths TRW 56.31 56.07 -0.43%
Nedbank Group Limited NBK 183.98 187.00 1.64%
Standard Bank Group SNB 143.80 146.21 1.68%
Shoprite Holdings SRH 202.61 204.60 0.98%
FirstRand Limited FST 61.74 61.89 0.24%
Momentum Metropolitan Holdings MMT 19.65 19.70 0.25%
Old Mutual Ltd OMM 13.34 13.56 1.65%
Sanlam Limited SLA 60.94 61.45 0.84%
Santam Limited SNM 265.59 270.00 1.66%
Vukile Property Fund Limited VKN 11.48 11.78 2.61%
Investec Limited IVD 84.75 86.06 1.55%
PSG Konsult Limited KFS 13.80 13.65 -1.09%

Table 3: Dual Listed Trades

Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 264.77 260.51 -1.61%
New Gold Palladium ETF NGNPLD 323.38 341.88 5.72%
New Gold Platinum ETF N NGNPLT 151.45 154.44 1.97%
New Funds S&P NAM Bond NFNAMA 16.56 16.58 0.12%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.43
EUR/ZAR 17.21
GBP/ZAR 20.70
EUR/GBP 0.83
EUR/USD 1.11
GBP/USD 1.36
AUD/USD 0.70
USD/JPY 115.35
Commodities  
Gold 1 796
Silver 22.77
Platinum 1 027
Palladium 2 338
WTI 87.29
Brent 88.81

Table 5: Exchange Rates and Commodities 


Local News

The Namibia Institute of Professional Accountants (NIPA) has appealed to finance minister Iipumbu Shiimi and NamRa commissioner Sam Shivute to extend the tax relief. (Namibian Sun)

Although the main enumeration for this year’s Housing and Population Census during the financial year of 2022/2023 was estimated to be N$950 million, the Namibia Statistics Agency (NSA) said it was able to adopt measures to further reduce the budget to about N$606 million. (New Era Newspaper)

Namibia Wildlife Resorts has appointed staff member Karl-Reinhold Risser to assist with the food and beverages menu, customer service training and enhancement of the customer experience at all the company's resorts. (The Namibian)

Sub-Sahara News

The Reserve Bank's monetary policy committee has hiked the repo rate by another 25 basis points to 4%. This brings the prime rate to 7.5%. (News24)

Nigeria’s tax receipts in 2021 rose by 29.4% to 6.41 trillion naira ($15.5 billion), the head of Federal Inland Revenue Service (FIRS), Muhammad Nami, said on Thursday. (CNBC Africa)

As of January 27, 2022, confirmed cases of Covid-19 from 55 African countries reached 10 665 534 while over 210 635 964 vaccinations have been administered across the continent. (All Africa News)

International News

North Korea conducted tests of an upgraded long-range cruise missile and a warhead of a tactical guided missile this week, as leader Kim Jong Un visited a munitions factory producing a "major weapon system." (Reuters)

Asian stocks fell on Friday after the technology-heavy Nasdaq 100 entered a correction, taking cues from the bond market. (RTT News)

As Omicron pushes Western countries towards reopening, Asia is hunkering down, sharpening an East-West divide on the balance between public health, the economy and basic rights and freedoms. (Aljazeera News)

GDP Outlook 2022

Background

As the world strives to bring Covid-19 under control, fiscal policy remains key to address the impacts of the still-evolving pandemic, which continues to be marked by uncertainty. In the last quarter of 2021 the Omicron variant was associated with the resurgence of the virus. The fiscal support, especially in advanced economies, and vaccination have saved countless lives and facilitated an economic rebound. The interplay between vaccines and the virus and its variants is among the factors contributing to elevated uncertainty going forward.

The IMF (2021) made the point that fiscal policy need to respond to these challenges and facilitate the transformation of the global economy to make it more productive, inclusive, green, and resilient to future health or other crises.

At the same time, it will be crucial to ensure transparency and accountability, plot a medium-term path to rebuilding fiscal buffers, and make progress toward the Sustainable Development Goals.

Global Outlook

Global growth is estimated at 5.9% in 2021 and is expected to moderate to 4.4% in 2022(See figure 3). The anticipated effects of mobility restrictions, border closures and health impacts from the spread of the Omicron variant. The countries impact could vary depending on population demographics, the severity of mobility restrictions, the impact of infections on labor supply, and the importance of travel retail sectors. These impediments are expected to weigh on growth in the first quarter of 2022. The negative impact is expected to fade starting in the second quarter, assuming that the global surge in Omicron infections abates and the virus does not mutate into new variants that require further mobility restrictions.

The rise in inflation is expected to persist for longer than envisioned with ongoing supply chain disruptions and high energy prices anticipated to continue in 2022. Assuming inflation expectations stay well anchored, inflation should gradually decrease as supply-demand imbalances wane in 2022 and monetary policy in major economies responds.

Sub-Saharan Africa

The sub-Saharan Africa will be the world’s slowest growing region in 2022. According to IMF, the region is projected to record a growth of 3.7% in 2022(see figure 4).The global economy improved more rapidly than expected in the second half of 2021, with spillovers to the region in the form of increased trade, higher commodity prices, and a resumption of capital inflows.

The height of the Covid-19 pandemic crisis led policy discussion to different phases of the pandemic: immediate actions to save lives and livelihoods; near-term initiatives to secure a recovery once the acute phase of the crisis had passed; and then longer-term measures to build a more resilient and sustainable economy. For sub-Saharan Africa, however, all these phases may overlap, leaving authorities in the position of trying to boost and rebuild their economies while simultaneously dealing with repeated outbreaks as they arise.

The South Africa’s economy declined by 7% in 2020. A better-than-expected fourth quarter prompted an upward revision for 2021 although this will likely be offset by the third Covid-19 wave, which peaked in the fourth quarter and led to the reintroduction of some containment measures. The net impact will be a growth rate of 1.7% in 2021. Looking ahead, authorities have embarked on an ambitious vaccination program, which could limit the risk of additional waves if implemented swiftly. However, the scarring effects of the crisis, rising inequality, chronic electricity shortages, and product and labor market rigidities will likely weigh on growth over the medium term, limiting the economy’s ability to take advantage of the improving global environment albeit at the back of the Omicron variant.

Namibia

According to the Bank of Namibia, the domestic economy is projected to grow by 1.5% and by 3.3% in 2021 and 2022, respectively. This represents an improvement from 8.5% contraction recorded during the year 2020(See figure 2 below). The projected improvements are mainly due to base effects and better growth prospects for the mining industry and most of industries in the tertiary sector.

The Covid-19 pandemic is expected to remain a recovery and health risk going forward and therefore, fast recoveries in sectors that depend on travelling such as travel retail and accommodation are not expected in the short to medium term. Additional risks include an upsurge in the prices of goods and services locally. The Covid-19 pandemic has led to the monetary policy decision makers cutting the repo rate to its lowest levels of 3.75% with the aim to caution the ailing domestic economy due to the negative impact of Covid-19. This time around the policy makers could be left with no choice but to increase the rate further to control the rise in inflation.

During the year 2021 the Namibian economy recorded growth in the second and third quarters respectively, however this growth was derived from a very low base effects of the subdued economic activities in the year 2020. Namibia recorded growth in real gross domestic product in the second and third quarter of 2021, recording 1.6% and 2.4% growth respectively. The much anticipated growth in the economy in the second quarter of 2021 was observed across all sectors except for the agriculture and forestry, mining and quarrying, manufacturing, water and electricity, construction and financial services sectors. The positive growth in real GDP recorded during the third quarter of 2021 came from all the sectors with the exemption of construction, financial services, manufacturing and wholesale and retail trade sectors. Overall growth in real GDP for the third quarter of 2021 was mainly driven by growth recorded for the tertiary sector specifically the education and real estate and professional services activities sectors.

Outlook

According to IMF (2022) Sub-Saharan Africa economic region recorded a contraction of 1.7% in real economic output during the year 2020. This was due to the negative impact of the covid-19 pandemic. The economy for the Sub-Saharan Africa is estimated to grow by 4.0% for the year 2021 and grow by 3.7% in 2022 respectively. See figure 4 below.

On the domestic front, the global supply chain bottlenecks brought by the pandemic, high commodity prices, high inflation rate, subdued tourism industry, slow growth in the private sector credit extension and underwhelming rainfall received across the country paints a gloomy picture for the Namibian economy for the year 2022. Namibian consumers and producers could be under pressure and this will result in poor economic output for the year. Notwithstanding this, we anticipate for a minimal growth for the economy ranging between 1 and 2%. This growth is anticipated to be derived from very low base effects due to the continuous negative impact of the Covid-19 pandemic on the economy. The necessary fiscal discipline and clear communication of policy priorities, backed by fiscal transparency have the potential to reduce borrowing costs.

           Figure 1: Quarterly real GDP growth rates, (2017-2021)

Source: NSA & HEI REASEARCH

Figure 2: Real GDP annual growth rates, 2014-2022

Source: NSA & HEI REASEARCH

Figure 3: Global Growth outlook

Source: IMF& HEI REASEARCH

Figure 4: World Economic regions projections

Source: IMF& HEI REASEARCH

NSX DAILY UPDATE (25 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 33 856 2 058 071 100.00%
ETFs - - 0.00%
Total 33 856 2 058 071  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 2 058 071 worth of shares was traded on the NSX on Tuesday, with about N$ 816 305 worth of Anglo-American, N$ 123 749 worth of Shoprite Holdings, and N$ 28 396 of Mobile Telecommunications Limited on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American share price increased by 1.8% at closing, as market as company buyback programme resumes
  • Shares belonging to Shoprite Holdings were dumped by market participants
  • On the NSX local listing, of Mobile Telecommunications shares were allotted causing the price of its shares to increase.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.48 49.47 -0.02%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 11.00 11.01 0.09%
First Rand Namibia FNB 29.50 29.49 -0.03%
Standard Bank Namibia SNO 6.11 5.99 -1.96%
Oryx Limited ORY 8.25 8.25 0.00%
Letshego LHN 1.85 1.51 -18.38%
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 8.90 8.91 0.11%
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 664.40 676.13 1.77%
Barloworld Limited BWL 130.00 128.35 -1.27%
Oceana Group Limited OCG 53.08 53.49 0.77%
Mediclinic International Plc MEP 66.12 66.67 0.83%
Truworths TRW 57.97 55.79 -3.76%
Nedbank Group Limited NBK 177.55 142.58 -19.70%
Standard Bank Group SNB 140.84 142.58 1.24%
Shoprite Holdings SRH 204.65 203.83 -0.40%
FirstRand Limited FST 61.72 61.21 -0.83%
Momentum Metropolitan Holdings MMT 19.70 19.50 -1.02%
Old Mutual Ltd OMM 13.25 13.43 1.36%
Sanlam Limited SLA 59.78 60.53 1.25%
Santam Limited SNM 269.02 269.00 -0.01%
Vukile Property Fund Limited VKN 11.91 11.43 -4.03%
Investec Limited IVD 80.70 82.42 2.13%
PSG Konsult Limited KFS 14.42 14.00 -2.91%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 262.00 264.77 1.06%
New Gold Palladium ETF NGNPLD 316.18 323.38 2.28%
New Gold Platinum ETF N NGNPLT 149.77 151.45 1.12%
New Funds S&P NAM Bond NFNAMA 16.61 16.56 -0.30%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.22
EUR/ZAR 17.20
GBP/ZAR 20.57
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.71
USD/JPY 113.92
Commodities  
Gold 1 847
Silver 23.77
Platinum 1 028
Palladium 2 180
WTI 85.55
Brent 87.28

Table 5: Exchange Rates and Commodities 


Local News

The estimated budget for Namibia’s tourism recovery plan is more than half a billion Namibian dollars. According to the draft report for Namibia’s Tourism Recovery Plan, an estimated N$ 520.5 million will be needed for the industry. (Namibian Sun)

The domestic short-term insurance (STI) industry’s profit before tax for the third quarter of 2021 declined by a whopping 65.9%, quarter-on-quarter and by 20.2% to N$63.8 million. (New Era Newspaper)

Prime minister Saara Kuugongelwa-Amadhila has appointed Titus Ndove as the executive director of finance from 1 February.. (The Namibian)

Sub-Sahara News

The International Monetary Fund has lowered its forecast for economic growth in South Africa this year. (News24)

A new pan-African payments system created to facilitate trade on the continent is negotiating with more central and commercial banks to join the platform, its chief executive said on Tuesday.(CNBC Africa)

Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $13.9 billion (N5.7trillion), according to the 2022 edition of the Forbes' Top 10 Africa's Billionaires List. (All Africa News)

International News

The Federal Reserve is expected on Wednesday to signal plans to raise interest rates in March as it focuses on fighting inflation and sets aside, at least for now, economic risks posed by the ongoing coronavirus pandemic, a bout of market volatility, and Western fears of a Russian invasion of Ukraine. (Reuters)

European stocks recovered from an early slide to trade on a flat note Wednesday, as luxury stocks surged after upbeat trading updates from Richemont and Burberry. (RTT News)

The International Federation of Red Cross and Red Crescent Societies (IFRC) estimates Super Typhoon Rai destroyed or damaged a “staggering” number of houses as it tore across the Philippines in December, leaving more than 400 people dead. (Aljazeera News)

NSX DAILY UPDATE (24 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 583 701 7 727 041 100.00%
ETFs - - 0.00%
Total 583 701 7 727 041  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 7 727 041 worth of shares was traded on the NSX on Monday, with about N$ 7 713 462 worth of Old Mutual Ltd, and N$   8 900 of Mobile Telecommunications Limited on the home front. No ETFs were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Old Mutual’s share price fell by -2.8% at closing, as market conditions turned bearish.
  • On the NSX local listing, of Mobile Telecommunications shares were trading without having a volatile effect on the share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.48 49.48 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 11.00 11.00 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.11 6.11 0.00%
Oryx Limited ORY 8.25 8.25 0.00%
Letshego LHN 1.85 1.85 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 8.90 8.90 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 703.97 664.40 -5.62%
Barloworld Limited BWL 132.97 130.00 -2.23%
Oceana Group Limited OCG 53.15 53.08 -0.13%
Mediclinic International Plc MEP 67.50 66.12 -2.04%
Truworths TRW 58.36 57.97 -0.67%
Nedbank Group Limited NBK 182.01 177.55 -2.45%
Standard Bank Group SNB 144.00 140.84 -2.19%
Shoprite Holdings SRH 207.58 204.65 -1.41%
FirstRand Limited FST 63.46 61.72 -2.74%
Momentum Metropolitan Holdings MMT 20.25 19.70 -2.72%
Old Mutual Ltd OMM 13.63 13.25 -2.79%
Sanlam Limited SLA 61.19 59.78 -2.30%
Santam Limited SNM 264.81 269.02 1.59%
Vukile Property Fund Limited VKN 11.95 11.91 -0.33%
Investec Limited IVD 83.49 80.70 -3.34%
PSG Konsult Limited KFS 14.75 14.42 -2.24%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 260.55 262.00 0.56%
New Gold Palladium ETF NGNPLD 314.32 316.18 0.59%
New Gold Platinum ETF N NGNPLT 153.68 149.77 -2.54%
New Funds S&P NAM Bond NFNAMA 16.65 16.61 -0.24%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.31
EUR/ZAR 17.31
GBP/ZAR 20.63
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.71
USD/JPY 113.79
Commodities  
Gold 1 841
Silver 23.84
Platinum 1 018
Palladium 2 129
WTI 83.77
Brent 86.00

Table 5: Exchange Rates and Commodities 


Local News

With new avian influenza cases appearing in more than 40 countries over the last six months, Namibia is currently under investigation on whether a suspected outbreak in bird affects humans. (Namibian Sun)

The free movement of goods and people between Namibia and Angola will soon recommence. The government of Angola confirmed the reopening of the Oshikango and Katwitwi border posts from 01 February while the remaining border posts will open on 15 February 2022. (New Era Newspaper)

Four men and a woman were arrested at Usakos after being found in possession of counterfeit money valued at N$30 600. (The Namibian)

Sub-Sahara News

Steinhoff's CEO Louis du Preez has described a decision by the Western Cape High Court to approve the retailer's settlement proposal as a "big milestone" in its restructuring process. (News24)

The crypto currency market had around $130 billion wiped off its value over the last 24 hours as major digital coins continued their multi-day sell-off. (CNBC Africa)

As of January 24, 2022, confirmed cases of Covid-19 from 55 African countries reached   10 580 634 while over 205 275 858 vaccinations have been administered across the continent. (All Africa News)

International News

NATO said on Monday it was putting forces on standby and reinforcing Eastern Europe with more ships and fighter jets, in what Russia denounced as Western "hysteria" in response to its build-up of troops on the Ukraine border. (Reuters)

Asian stocks ended mixed on Tuesday as sentiment was weakened by Covid-19 woes and a surge in U.S. Treasury bond yields. (RTT News)

The International Federation of Red Cross and Red Crescent Societies (IFRC) estimates Super Typhoon Rai destroyed or damaged a “staggering” number of houses as it tore across the Philippines in December, leaving more than 400 people dead. (Aljazeera News)

NSX DAILY UPDATE (21 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 48 060  4 359 854 100.00%
ETFs  -    -   0.00%
Total  48 060  4 359 854  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 4 359 854 worth of shares was traded on the NSX on Friday, with about N$ 1 728 390 worth of Anglo-American plc, N$ 238 317 worth of Shoprite Holdings and N$   25 540 of Paratus Namibia Holdings on the home front. No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s share price fell by -3.2% at closing, despite efforts made to buy back its shares.
  • Acquisition of Shoprite Holdings share’s occurred on Friday afternoon as good market performance picks up confidence.
  • On the NSX local listing, Paratus Namibia shares were trading without having a volatile effect on the share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.48 49.48 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 11.00 11.00 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.11 6.11 0.00%
Oryx Limited ORY 8.25 8.25 0.00%
Letshego LHN 1.85 1.85 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 8.90 8.90 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 727.33 703.97 -3.21%
Barloworld Limited BWL 132.82 132.97 0.11%
Oceana Group Limited OCG 54.19 53.15 -1.92%
Mediclinic International Plc MEP 69.00 67.50 -2.17%
Truworths TRW 57.74 58.36 1.07%
Nedbank Group Limited NBK 182.46 182.01 -0.25%
Standard Bank Group SNB 144.26 144.00 -0.18%
Shoprite Holdings SRH 204.47 207.58 1.52%
FirstRand Limited FST 64.08 63.46 -0.97%
Momentum Metropolitan Holdings MMT 20.06 20.25 0.95%
Old Mutual Ltd OMM 13.52 13.63 0.81%
Sanlam Limited SLA 61.18 61.19 0.02%
Santam Limited SNM 274.24 264.81 -3.44%
Vukile Property Fund Limited VKN 12.06 11.95 -0.91%
Investec Limited IVD 85.60 83.49 -2.46%
PSG Konsult Limited KFS 14.75 14.75 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 262.34 261.21 -0.43%
New Gold Palladium ETF NGNPLD 299.68 301.03 0.45%
New Gold Platinum ETF N NGNPLT 151.19 154.10 1.92%
New Funds S&P NAM Bond NFNAMA 16.53 16.57 0.24%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.11
EUR/ZAR 17.11
GBP/ZAR 20.47
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 113.81
Commodities  
Gold 1 838
Silver 24.20
Platinum 1 032
Palladium 2 098
WTI 85.75
Brent 87.71

Table 5: Exchange Rates and Commodities 


Local News

During the month of November 2021, exports amounting to N$ 5 Billion, representing 56.6% of total exports left the country by sea, . (Namibian Sun)

The Am Weinberg Hotel will join the Gondwana portfolio on 01 February 2022 in a management capacity which will result in changing the name to “The Weinberg”. (New Era Newspaper)

The CEO of the Katima Mulilo Town Council, Raphael Liswaniso, says a tender of N$2 million has been awarded to Ashy Trading CC to fix the reoccurring problem of potholes which plagues many of the town's roads. (The Namibian)

Sub-Sahara News

Zimbabwe's central bank and business leaders met Friday to explore ways to halt the plunge of the local currency against the US dollar, the state-controlled Sunday Mail newspaper reported on Sunday. (News24)

Zambia’s finance minister Situmbeko Musokotwane said on Friday he expected the country to reach full agreement with the International Monetary Fund in the middle of this year. (CNBC Africa)

South African space science had a big day on 13 January 2022. The Cape Peninsula University of Technology, based in Cape Town, launched its third satellite mission into space from the Cape Canaveral rocket launch site in Florida in the US.(All Africa News)

International News

China Evergrande Group shares (3333.HK) rose on Monday after it named a state firm official to its board, while two of its peers sold some assets to state-owned entities, amid hopes of growing government intervention to aid the crisis-hit property sector. (Reuters)

Asian stocks ended mixed on Monday as Covid-19 worries and concerns that the Federal Reserve will raise interest rates in the near future to tackle inflation offset better than expected Chinese GDP data. (RTT News)

The United States has ordered the families of all American staff at the US Embassy in Ukraine to leave the country amid heightened concern that Russia, which has massed troops on the border, is about to invade. (Aljazeera News)

NSX DAILY UPDATE ( 20 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 427 681  28 520 751 100.00%
ETFs  -    -   0.00%
Total  427 681  28 520 751  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 28 520 751 worth of shares was traded on the NSX on Thursdays, with about N$  273 582 worth of Anglo-American plc, N$    13 706 180  worth of Firstrand Limited and N$  401 599 of Capricorn Group Limited (prev Capricorn Investment Group on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American’s share price fell by -1.7% at closing
  • Shares in Firstrand Limited were sold off, as bear market conditions taunts investors’ judgment.
  • On the NSX local listing, Capricorn Investment Group shares were dumped causing a dive in its share price by -14.6% at closing
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.48 49.48 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 11.00 -14.60%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.11 6.11 0.00%
Oryx Limited ORY 8.25 8.25 0.00%
Letshego LHN 1.85 1.85 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 8.60 8.90 3.49%
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 740.22 727.33 -1.74%
Barloworld Limited BWL 138.07 132.82 -3.80%
Oceana Group Limited OCG 54.27 54.19 -0.15%
Mediclinic International Plc MEP 69.83 69.00 -1.19%
Truworths TRW 58.48 57.74 -1.27%
Nedbank Group Limited NBK 183.00 182.46 -0.30%
Standard Bank Group SNB 143.91 144.26 0.24%
Shoprite Holdings SRH 207.76 204.47 -1.58%
FirstRand Limited FST 64.77 64.08 -1.07%
Momentum Metropolitan Holdings MMT 19.86 20.06 1.01%
Old Mutual Ltd OMM 13.67 13.52 -1.10%
Sanlam Limited SLA 61.35 61.18 -0.28%
Santam Limited SNM 280.00 274.24 -2.06%
Vukile Property Fund Limited VKN 12.21 12.06 -1.23%
Investec Limited IVD 86.82 85.60 -1.41%
PSG Konsult Limited KFS 14.49 14.75 1.79%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 262.34 261.21 -0.43%
New Gold Palladium ETF NGNPLD 299.68 301.03 0.45%
New Gold Platinum ETF N NGNPLT 151.19 154.10 1.92%
New Funds S&P NAM Bond NFNAMA 16.53 16.57 0.24%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.21
EUR/ZAR 17.23
GBP/ZAR 20.67
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 113.83
Commodities  
Gold 1 840
Silver 24.53
Platinum 1 038
Palladium 2 041
WTI 83.92
Brent 86.88

Table 5: Exchange Rates and Commodities 


Local News

Bond yields in Namibia are expected to rise in 2022, more for the medium to long end of the yield curve, as foreign investors are expected to sell off emerging market bonds. (Namibian Sun)

The Government Institutions Pension Fund (GIPF) now accepts completed funeral claims submitted electronically via email. (New Era Newspaper)

State-owned enterprises minister Leon Jooste says while the government does not have any part to play in whether Air Namibia's liquidators, David Bruni and Ian McLaren sell the airline's assets, they expect due diligence to be followed. (The Namibian)

Sub-Sahara News

The World Bank announced on Friday morning that it had approved South Africa’s request for $750 million (about R11.4 billion) loan. (News24)

Air logistics played a key role during the Covid-19 pandemic with the speedy shipments of personal protective equipment and vaccines needed to fight the virus. (CNBC Africa)

The family of Mali's former President Ibrahim Boubacar Keita announced on Sunday January 16, 2022 that he had died, aged 76, at his home in the capital, Bamako. Keita - known as IBK - had been president of Mali from 2013 until he was forced out of office in 2020 by the military.. (All Africa News)

International News

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty. (Reuters)

China's exports continued to log robust growth in December taking the overall trade surplus for 2021 to a record high, data from the General Administration of Customs revealed on Friday. (RTT News)

A vehicle carrying explosives used in mining collided with a motorcycle and blew up in a town in western Ghana, leaving at least 17 people dead and injuring dozens, according to the government. (Aljazeera News)

New Vehicle Sales Report, Namibia: December 2021

                                              Report by Monika Kristof

New Vehicle Sales Report, Namibia: December 2021

Executive summary

  • New vehicle sales for Namibia declined to 734 for December 2021 from 752 that was recorded in November 2021. See figure 1
  • The decline in new vehicles sales for December  2021 was mainly driven by low sales of passenger vehicles and extra heavy vehicles
  • A total of 9414 new vehicles were sold during the year 2021 compared to 7612 new vehicles sold in 2020
  • On a 12 months, cumulative basis between December 2020 and December  2021, a total of 10114 new vehicles were sold for Namibia compared to 8326 vehicles sold for the period of December 2019 to December  2020

Analysis

  • On an annual basis, vehicle sales experienced a growth of 9.19% from (-21.56). This was due to improvements in consumer confidence. See figure 2
  • The number of passenger vehicle sales sold for December 2021 declined  to 362  from 376 vehicles sold in November 2021, this was influenced by the slump in demand and consumer confidence
  • Extra heavy new vehicle sales declined to 33 from 36 vehicles sold in November 2021. This was due to weak demand for heavy goods transportation services

Outlook

  • The economic outlook remains subdued but the improvement and adjustment to the trading conditions are slowly returning to boost the transport sector. The overall consumer confidence is on the recovery path albeit at a very slow pace due to the uncertainty of Covid-19

Figure 1: Monthly Vehicle Sales (December 2020 – December 2021), Namibia

Source: Lightstone (Pty) Ltd

Figure 2: Year on Year, Vehicle sales growth (December 2020-December 2021), Namibia

Source: Lightstone (Pty) Ltd & HEI RESEARCH

NSX DAILY UPDATE (19 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 32 051  2 613 124 100.00%
ETFs  -    -   0.00%
Total  32 051  2 613 124  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 2 613 124 worth of shares was traded on the NSX on Wednesday, with about N$ 586 605 worth of Mediclinic International Plc, N$   2 022 529 worth of Investec Limited and N$ 3 990 of Oryx Properties Limited on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Mediclinic International’s shares were allotted causing the share price to increase by 0.7% at closing.
  • Shares in Investec Limited were sold off, as bear market conditions taunts investors’ judgment.
  • On the NSX local listing, Oryx Properties shares were dumped causing a dive in its share price.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.48 49.48 0.00%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.11 6.11 0.00%
Oryx Limited ORY 8.60 8.60 0.00%
Letshego LHN 1.85 1.85 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 8.60 8.25 -4.07%
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 708.32 740.22 4.50%
Barloworld Limited BWL 137.77 138.07 0.22%
Oceana Group Limited OCG 54.22 54.27 0.09%
Mediclinic International Plc MEP 69.35 69.83 0.69%
Truworths TRW 57.68 58.48 1.39%
Nedbank Group Limited NBK 182.47 183.00 0.29%
Standard Bank Group SNB 145.08 143.91 -0.81%
Shoprite Holdings SRH 207.62 207.76 0.07%
FirstRand Limited FST 64.42 64.77 0.54%
Momentum Metropolitan Holdings MMT 20.06 19.86 -1.00%
Old Mutual Ltd OMM 14.08 13.67 -2.91%
Sanlam Limited SLA 61.97 61.35 -1.00%
Santam Limited SNM 271.56 280.00 3.11%
Vukile Property Fund Limited VKN 12.20 12.21 0.08%
Investec Limited IVD 89.97 86.82 -3.50%
PSG Konsult Limited KFS 14.00 14.49 3.50%

Table 3: Dual Listed Trades


Name ETFs Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
New Gold Issuer Ltd NM NGNGLD 261.44 262.34 0.34%
New Gold Palladium ETF NGNPLD 285.31 299.68 5.04%
New Gold Platinum ETF N NGNPLT 145.49 151.19 3.92%
New Funds S&P NAM Bond NFNAMA 16.51 16.53 0.12%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.31
EUR/ZAR 17.38
GBP/ZAR 20.86
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.72
USD/JPY 114.49
Commodities  
Gold 1 840
Silver 24.30
Platinum 1 028
Palladium 1 990
WTI 85.79
Brent 88.31

Table 5: Exchange Rates and Commodities 


Local News

National Petroleum Corporation (Namcor) has effected its vaccination policy, having asked unvaccinated employees to present negative Covid-19 results every week- at their own cost. (Namibian Sun)

The Bank of Namibia on Monday scoffed at the unflattering grade its governor, Johannes !Gawaxab received in the latest Global Finance Central Banker’s Report. (New Era Newspaper)

The tourism industry says continued low vaccination rates in Namibia is painting the country as unsafe for visitors, and remains a massive hurdle for economic recovery in the sector. (The Namibian)

Sub-Sahara News

Despite a series of alcohol sales bans and supply chain challenges, South Africa's wine industry still managed to grow its export volumes. (News24)

South African-American businessman Patrick Soon-Shiong opened a new vaccine plant in Cape Town on Wednesday, intended to help his local NantSA company make COVID-19 shots in future and address the continent’s lack of manufacturing capacity. (CNBC Africa)

Uganda and Kenya have signed several Memorandum of Understanding among them those that will see the removal of non-tariff barriers between the two countries as one of the ways to ease trade. (All Africa News)

International News

China stepped up its monetary easing efforts to prop up a slowing economy this week by lowering a set of key policy rates and lending benchmarks, and markets believe Beijing could ease further before growth bottoms out. (Reuters)

European bourses are expected to trade slightly weak on Thursday despite the keenly awaited inflation data from the U.S coming in along expected lines requiring no more harsher measures by the Fed. (RTT News)

The United States and Russia have dug in their heels over Russia’s military buildup on Ukraine’s border with no sign either will relent from entrenched positions that have raised fears of a Russian invasion and a new war in Europe (Aljazeera News)

NSX DAILY UPDATE (18 JANUARY 2022)

NSX Trades Traded Volume (No. Shares) Monetary Amount (N$) Trading Contribution (%)
Overall 33 481  3 859 385 100.00%
ETFs  -    -   0.00%
Total  33 481  3 859 385  100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 3 859 385 worth of shares was traded on the NSX on Tuesday, with about N$ 1 553 772 worth of Mediclinic International Plc, N$   639 648 worth of Firstrand Limited and N$ 1 230 014 of Stimulus Investments Limited  on the home front. ETFs worth N$ 22 496 668 were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Mediclinic International’s shares were allotted causing the share price to increase by 0.2% at closing.
  • Shares in Firstrand Limited were sold off, as bear market conditions taunts investors’ judgment.
  • On the NSX local listing, Stimulus Investments shares exchanged hands with no major impact on its share price.
  • New Gold Platinum ETF N was dumped as ETFs are becoming risky due to the staggering current economic problems such as rising inflation rates.
Name NSX Local Ticker Price Previous Close 'N$ Price End of Day 'N$ Daily Change %
Namibian Breweries NBS 49.49 49.48 -0.02%
Nictus Holdings NHL 1.75 1.75 0.00%
Capricorn CGP 12.88 12.88 0.00%
First Rand Namibia FNB 29.50 29.50 0.00%
Standard Bank Namibia SNO 6.11 6.11 0.00%
Oryx Limited ORY 8.60 8.60 0.00%
Letshego LHN 1.85 1.85 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 8.60 8.60 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 706.57 708.32 0.25%
Barloworld Limited BWL 137.90 137.77 -0.09%
Oceana Group Limited OCG 54.45 54.22 -0.42%
Mediclinic International Plc MEP 69.22 69.35 0.19%
Truworths TRW 58.84 57.68 -1.97%
Nedbank Group Limited NBK 185.75 182.47 -1.77%
Standard Bank Group SNB 146.15 145.08 -0.73%
Shoprite Holdings SRH 208.63 207.62 -0.48%
FirstRand Limited FST 64.55 64.42 -0.20%
Momentum Metropolitan Holdings MMT 20.09 20.06 -0.15%
Old Mutual Ltd OMM 14.40 14.08 -2.22%
Sanlam Limited SLA 62.78 61.97 -1.29%
Santam Limited SNM 275.94 271.56 -1.59%
Vukile Property Fund Limited VKN 12.24 12.20 -0.33%
Investec Limited IVD 89.25 89.97 0.81%
PSG Konsult Limited KFS 14.00 14.00 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 262.31 261.44 -0.33%
New Gold Palladium ETF NGNPLD 282.96 285.31 0.83%
New Gold Platinum ETF N NGNPLT 145.91 145.49 -0.29%
New Funds S&P NAM Bond NFNAMA 16.50 16.51 0.06%

Table 4: ETFs


Exchange Rates  
USD/ZAR 15.49
EUR/ZAR 17.56
GBP/ZAR 21.08
EUR/GBP 0.83
EUR/USD 1.13
GBP/USD 1.36
AUD/USD 0.71
USD/JPY 114.27
Commodities  
Gold 1 813
Silver 22.06
Platinum 976
Palladium 1 895
WTI 85.61
Brent 88.19

Table 5: Exchange Rates and Commodities 


Local News

Namibia recorded 354 508 arrivals last year, of whom 233 692 were tourists. This indicate an increase of 37.8%, compared to the 169 565 tourist arrivals in 2020. (Namibian Sun)

The Economic Policy Research Association (EPRA) remains concerned about what it terms as government’s regressive economic policy direction. (New Era Newspaper)

The Agro-Marketing and Trade Agency (Amta) yesterday placed their managing director Lungameni Lucas on precautionary suspension. (The Namibian)

Sub-Sahara News

In South Africa, Eskom will burn more coal and diesel to keep the lights on over the next year than previously anticipated, due to the deteriorating performance of its plant, CFO Calib Cassim told public hearings on Tuesday. (News24)

Nigeria's agri-tech companies are trying to address the challenges faced by smallholder farmers, as well as provide access to inputs, credit, and markets.. (CNBC Africa)

As of January 18, 2022, confirmed cases of Covid-19 from 55 African countries reached 10 373 790 while over 204 912 446 vaccinations have been administered across the continent. (All Africa News)

International News

Major international airlines rushed to rejig or cancel flights to the United States ahead of a 5G wireless rollout on Wednesday that has triggered safety concerns, despite two wireless carriers saying they will delay parts of the deployment. (Reuters)

Asian stocks posted strong gains on Wednesday after Federal Reserve Chair Jerome Powell did not provide any new details on interest rates at his Senate confirmation hearing. (RTT News)

Sri Lanka’s president has promised to change “misconceptions” of his country’s human rights record, following years of international criticism over wartime atrocities and extrajudicial killings. (Aljazeera News)


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