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NSX DAILY UPDATE (13 JANUARY 2023)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	216,761.00	14,886,548.50	98.82%
ETFs	597.00	177,309.00	1.18%
Total	217,358.00	15,063,857.50	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 14,886,548.50 worth of shares was traded on the NSX on Friday with about N$ 566,442 worth of shares belonging to Anglo-American and no shares traded on the home front. ETFs worth N$ 177,309.00 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

Anglo-American performance on the overall bourse increased by 0.2% following the soaring gold prices which traded at US$1,922.90
New Gold Issuer Ltd NM ETF was sold off in one transaction resulting in an increase at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.06	13.06	0.00%
First Rand Namibia	FNB	33.01	33.01	0.00%
Standard Bank Namibia	SNO	4.44	4.44	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	732.16	733.75	0.22%
B2Gold Corporation	B2G	66.24	67.30	1.60%
Oceana Group Limited	OCG	67.39	66.47	-1.37%
Mediclinic International Plc	MEP	101.51	102.36	0.84%
Truworths	TRW	61.75	61.35	-0.65%
Nedbank Group Limited	NBK	214.10	215.50	0.65%
Standard Bank Group	SNB	172.64	172.33	-0.18%
Shoprite Holdings	SRH	243.62	243.96	0.14%
FirstRand Limited	FST	64.37	65.17	1.24%
Momentum Metropolitan Holdings	MMT	18.33	18.64	1.69%
Old Mutual Ltd	OMM	11.26	11.16	-0.89%
Sanlam Limited	SLA	53.03	53.13	0.19%
Santam Limited	SNM	259.17	259.36	0.07%
Vukile Property Fund Limited	VKN	13.34	13.33	-0.07%
Investec Limited	IVD	108.84	109.72	0.81%
PSG Konsult Limited	KFS	12.20	12.26	0.49%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	296.23	299.30	1.04%
New Gold Palladium ETF	NGNPLD	284.92	287.04	0.74%
New Gold Platinum ETF N	NGNPLT	172.61	172.90	0.17%
New Funds S&P NAM Bond	NFNAMA	18.31	18.25	-0.33%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	16.80
EUR/NAD	18.24
GBP/NAD	20.59
EUR/GBP	0.88
EUR/USD	1.08
GBP/USD	1.22
AUD/USD	0.69
USD/JPY	127.65
Commodities @ 08:00
Gold	1,922.90
Silver	24.41
Platinum	1,072.85
Palladium	1,788.00
WTI	79.23
Brent	84.54

Table 5: Exchange Rates and Commodities

Local News

The Income Tax Amendment Act,2022 came into force on 01 January 2023, the ministry of finance and public enterprises has announced (Sun Newspaper)

Workers accused of defrauding the Namibia Revenue Agency are facing the wrath of the law as the taxman has moved to directly deduct from their monthly salaries, without their consent or court order (New Era Newspaper)

Namibia exported nine million 4,5kg cartons of grapes this year, more than initially expected and surpassing previous exports of 8,5 million cartons in the 2020/21 season. (The Namibian)

Sub-Sahara News

Chinese tech giant Tencent said Monday it had fired more than a hundred employees for violating company policies, with some referred to police and later found guilty of bribery and embezzlement. (News24)

International Monetary Fund Managing Director Kristalina Georgieva on Sunday confirmed that Ghana has sought debt treatment under the Common Framework platform supported by the Group of 20 major economies. (CNBC Africa)

As 2023 general elections beckon, Zimbabweans from across the political divide are hoping for peaceful, free, and fair polls that usher in a leadership reflective of the people's will. (All Africa News)

International News

The Bank of Japan (BOJ) is under pressure to change its interest rate policy as soon as Wednesday, after the central bank's attempt to buy itself breathing room backfired, emboldening bond investors to test its resolve (Reuters)

European stocks were flat to slightly higher on Monday after rallying in the previous session on optimism surrounding China's reopening and expectations of slower rate hikes by the U.S. Federal Reserve. (RTT News)

NATO Secretary General Jens Stoltenberg has hailed recent pledges of heavy weapons deliveries from Western allies to Ukraine, saying he expected more “in the near future”. (Aljazeera News)

NCPI Report: December 2022

Executive summary

The annual inflation rate for December 2022 increased to 6.9%, up from 4.5% recorded for the same period last year. (figure 1)
The main drivers of an increase in the annual inflation rate were “transport”, “food & non-alcoholic beverages”, “alcoholic beverages & tobacco” and “housing, water, electricity, gas, and other fuels” categories. (figure 2)
On a monthly basis, Namibia recorded an inflation rate of 0.3% in December 2022 a decline from 0.5% that was recorded for November 2022
The main contributors to the monthly inflation rate recorded in December 2022 were mainly food and non-alcoholic beverage (2.2%) and hotels, cafes, and restaurants (0.7%)
The annual inflation rate for the year 2022 averaged 6.1%

Analysis

The annual inflation rate for housing, water, electricity, gas, and other fuels which accounts for the highest (28.5%) of the consumer basket increased by 2.1% during December 2022 compared to 1.2% registered in December 2021. This came as a consequence of an increase in the costs of “electricity, gas and other fuels” and “rental payment for dwelling”
The annual inflation rate for the transport category which accounts for 14.3% of the consumer basket continues to be the main driver of the overall inflation, increasing by 14.8% for December 2022 compared to 14.3% recorded in December 2021. The increase in the transport component was mainly driven by an increase in the price levels of operation of personal transport equipment (parking fees and lubrication)
Food and non-alcoholic beverages which accounts for 16.5 percent of the NCPI basket annual inflation increased by 11.8% during the month of December 2022 compared to 5.1 percent recorded during December 2021 due to an increase in the price levels of vegetables, bread, and cereal, sugar, jam, honey, syrups, chocolate, and oils and fats. (figure 3)

Outlook

We expect inflation to stabilize for 2023 and this could bring an end to the interest rate hike cycle globally by Central Banks in the medium term

Figure 1: Annual Inflation rate

Figure 2: Categorical analysis, contribution to inflation % of total change

Figure 3: Categorical analysis YoY and MoM % changes, Namibia

Posted on January 13, 2023
Inflation
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NSX DAILY UPDATE (12 JANUARY 2023)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	492,849.00	19,950,251.84	99.47%
ETFs	361.00	106,758.53	0.53%
Total	493,210.00	20,057,010.37	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 19,950,251.84 worth of shares was traded on the NSX on Thursday with about N$ 2,446,005 worth of shares belonging to Shoprite Holdings and N$ 1,476,777 from Capricorn Group on the home front. ETFs worth N$ 106,758.53 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

Shoprite Holdings' performance on the overall bourse increased as investors demands consumer staples as one of the sectors that perform well during economic hardship.
Capricorn Group shares were traded by market participants, with an increase of 0.2% in share price at closing
New Gold Issuer Ltd NM ETF was sold off in one transaction resulting in a slight decline in price at closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.03	13.06	0.23%
First Rand Namibia	FNB	33.00	33.01	0.03%
Standard Bank Namibia	SNO	4.42	4.44	0.45%
Oryx Limited	ORY	11.50	11.49	-0.09%
Letshego	LHN	3.50	3.50	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	732.05	732.16	0.02%
B2Gold Corporation	B2G	67.00	66.24	-1.13%
Oceana Group Limited	OCG	66.96	67.39	0.64%
Mediclinic International Plc	MEP	102.30	101.51	-0.77%
Truworths	TRW	61.65	61.75	0.16%
Nedbank Group Limited	NBK	211.89	214.10	1.04%
Standard Bank Group	SNB	168.41	172.64	2.51%
Shoprite Holdings	SRH	237.97	243.62	2.37%
FirstRand Limited	FST	62.89	64.37	2.35%
Momentum Metropolitan Holdings	MMT	18.03	18.33	1.66%
Old Mutual Ltd	OMM	11.18	11.26	0.72%
Sanlam Limited	SLA	52.55	53.03	0.91%
Santam Limited	SNM	260.35	259.17	-0.45%
Vukile Property Fund Limited	VKN	13.51	13.34	-1.26%
Investec Limited	IVD	108.65	108.73	0.07%
PSG Konsult Limited	KFS	12.16	12.23	0.58%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	296.24	296.23	0.00%
New Gold Palladium ETF	NGNPLD	289.16	284.92	-1.47%
New Gold Platinum ETF N	NGNPLT	178.98	172.61	-3.56%
New Funds S&P NAM Bond	NFNAMA	18.20	18.31	0.60%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	16.75
EUR/NAD	18.15
GBP/NAD	20.42
EUR/GBP	0.88
EUR/USD	1.08
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	129.12
Commodities @ 08:00
Gold	1,897.20
Silver	23.77
Platinum	1,071.45
Palladium	1,789.53
WTI	78.14
Brent	83.66

Table 5: Exchange Rates and Commodities

Local News

Annual inflation in Namibia averaged 6.1% in 2022, compared to an average of 3.6% recorded in 2021 (Sun Newspaper)

The World Bank has advised Namibia as well as emerging markets and developing economies to strengthen their medium-term expenditure framework. (New Era Newspaper)

Namibians who did not have their income increased by at least 6.1% last year and ended the year poorer than they were at the beginning. (The Namibian)

Sub-Sahara News

Finance Minister Enoch Godongwana has criticized the operational performance of the national power utility Eskom and said the country’s energy minister needs to act urgently to procure more electricity generation. (News24)

South Africa’s energy regulator on Thursday granted beleaguered state power utility Eskom's average tariff increase for the 2023/24 financial year of 18.65%. (CNBC Africa)

African leaders failed to tackle widespread abuses against civilians by state security forces and non-state armed groups and insufficiently prioritized justice efforts for victims of atrocities across the continent, Human Rights Watch said today in its World Report 2023. These violations occurred against a backdrop of backsliding on democratic safeguards and rule of law. (All Africa News)

International News

People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their hometowns for holidays that the World Health Organization warns could inflame a raging outbreak. (Reuters)

European stocks were narrowly mixed on Friday, as investors awaited Eurozone inflation data and the all-important U.S. jobs data later in the day for directional cues. U.K. stocks outperformed as resource stocks gained ground (RTT News)

Russia says its forces are edging closer to capturing Soledar, a salt-mining town in eastern Ukraine, which would mark an elusive victory for the Kremlin but comes at the cost of heavy Russian casualties and extensive destruction of the territory they claim. (Aljazeera News)

Agriculture, Forestry, and Fishing Sector, Q3 2022, Namibia

Background

The agriculture, forestry, and fishing sector were not spared from the pressure of the market distortions that resulted from price volatility and value chain disruptions particularly caused by the transportation component. High energy demands that have been causing fuel, oil, and energy prices to increase have negatively affected the agriculture sector. The agriculture, forestry, and fishing sector share of GDP for Q3 of 2022 declined to 6.4% from 12.9% recorded in Q2 of 2022. Livestock accounted for 3.4% of GDP, followed by the fishing subsector (2.3%), and crop subsector (0.4%). The forestry subsector was the least contributor recording 0.3%. Export earnings for agriculture, forestry, and fishing products amounted to N$ 3.7 billion for Q3 of 2022 while the import bill stood at N$ 1.3 billion. Fisheries products continue to account for the highest foreign earnings at N$ 2.7 billion followed by agriculture commodities valued at N$ 606 million.

Analysis

Fisheries Products

The fishing sub-sector is one of the important sectors in the economy as it is an important source of foreign earnings for the country. During the period under review, hake was the top exported product with earnings valued at N$1.2 billion, followed by tilapia (N$ 1.6 million), and salmon (N$ 0.5 million). The top three export markets were Spain (52.1%), France (12.7%), and Italy (9.6%). In terms of import, tilapia was the main imported product valued to the tune of N$1.5 million. South Africa accounted for 38% of fish fillets and other fish meat imports.

Agriculture Commodities

The trade of vegetables dominated the trade flow of agricultural commodities. During the quarter under review, the value of exported vegetables increased from N$ 101.1 million in Q3 of 2021 to N$ 151.5 million for Q3 of 2022. Tomatoes and onions were the most exported vegetable types, recording values of N$ 71.3 million and N$ 37.6 million, respectively. South Africa claimed the highest share of 76.2%, followed by Angola (20.3 %) in terms of the export market.

Live Animals

International demand for Namibian live animals stood at N$ 400.2 million in Q3 of 2022, a decline when compared to N$ 440.3 million recorded in Q3 of 2021. The decrease in exports came as a result of the border closure for livestock exports to South Africa. Cattle, sheep, and goats contributed the most value of export of live animals in Q3 of 2022, recording N$ 258.0 million, N$ 100.4 million, and N$ 28.5, respectively. The relatively lower cost of farming encourages the export of Namibian live animals to feedlots in South Africa.

Figure 1: Agriculture, forestry, and fishing sector % share to GDP, (2021Q3 – 2022Q3)

Figure 2: Top export of live animals in (N$) million, (2021Q3 – 2022Q3)

NCPI NOVEMBER 2022

Executive summary

The annual inflation rate increased to 7.0% for November 2022 from 4.1% recorded in November 2021. See figure 1

The annual inflation rate continues on an upward trend for 2022 with a slight downtick over the past 3 months

The main drivers of an increase in the annual inflation rate were transport, hotels, cafes and restaurants, furnishings household equipment. See figure 2

Analysis

The annual inflation rate for the transport category increased to 18.3% from 11.9% recorded during the same period last year. This was mainly influenced by an increase in the prices of fuel (diesel) and the increase in the price level of operation of personal transport equipment which increased by 27.3%

The annual inflation for petrol and diesel rose to 46.1% on a year-on-year basis compared to 7.9% recorded in November 2021

Hotels, cafes, and restaurants were the second largest contributor to inflation. These components’ annual inflation rate rose to 11.3% compared to 1.0% in relation to the same period last year driven by an increase in demand for accommodation services

Figure 1: Annual Inflation rates in Namibia vs. South Africa

**Source: NSA & STATS SA & HEI RESEARCH**

Figure 2: Sub-Categorical analysis Year on Year %, Namibia

Outlook

With the economy on a recovery path, inflation seems to have found its tipping point and has been on a sluggish downward path. Our biggest indicator is that production output has increased and trade levels have elevated hinting that supply chain problems are easing

We anticipate that the annual inflation rate will continue on a downward trajectory for the month of December 2022 mainly due to the lower fuel prices as announced by the Ministry of Mines and Energy

NSX DAILY UPDATE (11 JANUARY 2023)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	143,673.00	10,212,746.95	100.00%
ETFs	-	-	0.00%
Total	143,673.00	10,212,746.95	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 10,212,746.95 worth of shares was traded on the NSX on Wednesday with about N$ 1,868,748 worth of shares belonging to Anglo-American plc and N$ 56,029 from Capricorn Group on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

Anglo-American plc performance on the overall bourse increased as investors demands gold as a safe haven to hedge against a trifling microeconomic environment
Capricorn Group shares were traded by market participants, with no change in share price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.03	13.03	0.00%
First Rand Namibia	FNB	33.00	33.00	0.00%
Standard Bank Namibia	SNO	4.42	4.42	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.50	3.50	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	720.00	732.05	1.67%
B2Gold Corporation	B2G	65.04	67.00	3.01%
Oceana Group Limited	OCG	67.57	66.96	-0.90%
Mediclinic International Plc	MEP	103.04	102.30	-0.72%
Truworths	TRW	60.53	61.65	1.85%
Nedbank Group Limited	NBK	213.65	211.89	-0.82%
Standard Bank Group	SNB	169.78	168.41	-0.81%
Shoprite Holdings	SRH	238.80	237.97	-0.35%
FirstRand Limited	FST	63.02	62.89	-0.21%
Momentum Metropolitan Holdings	MMT	18.34	18.03	-1.69%
Old Mutual Ltd	OMM	11.28	11.18	-0.89%
Sanlam Limited	SLA	52.34	52.55	0.40%
Santam Limited	SNM	259.03	260.35	0.51%
Vukile Property Fund Limited	VKN	13.21	13.51	2.27%
Investec Limited	IVD	109.72	108.65	-0.98%
PSG Konsult Limited	KFS	12.26	12.16	-0.82%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	298.41	296.24	-0.73%
New Gold Palladium ETF	NGNPLD	295.49	289.16	-2.14%
New Gold Platinum ETF N	NGNPLT	177.38	178.98	0.90%
New Funds S&P NAM Bond	NFNAMA	18.15	18.20	0.28%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	16.91
EUR/NAD	18.21
GBP/NAD	20.57
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	131.55
Commodities @ 08:00
Gold	1,887.00
Silver	23.75
Platinum	1,081.25
Palladium	1,782.28
WTI	77.42
Brent	82.70

Table 5: Exchange Rates and Commodities

Local News

The Market Share Promotion (MSP)_ Scheme will maintain at the current 47% threshold, enabling local traders to keep their market share (Sun Newspaper)

During the third quarter of 2022, foreign direct investment into Namibia recorded a higher inflow, mainly due to equity injections for exploration activities as well as the uptake of intercompany loans. (New Era Newspaper)

Namibia has been asked to send representatives to International Forex Expo and Women in Africa in the Forex Industry meeting to be held in Nigeria on Saturday (The Namibian)

Sub-Sahara News

In 2021, South African business leaders were worried about the economy. Over the two years to come, they told a global survey, their top concerns were prolonged economic stagnation and crises in employment and livelihoods. (News24)

South African power cuts worsened on Wednesday as struggling state utility Eskom said it would extend its worst-ever outages until further notice. (CNBC Africa)

Eskom has announced Stage 6 load shedding across the country. This usually means that electricity could be cut up to four times in 24 hours. The power utility said on Twitter that nightly blackouts will continue until further notice and that Stage 4 cuts would continue between 5 am and 4 pm daily. (All Africa News)

International News

People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their hometowns for holidays that the World Health Organization warns could inflame a raging outbreak. (Reuters)

European stocks declined on Thursday, snapping a three-day winning streak as the Federal Reserve's Dec. (RTT News)

Predicting a difficult year ahead for Pakistan, the World Bank has revised the country’s growth projections from 4 percent in June last year to 2 percent for the current fiscal year, citing “precarious economic situation, low foreign exchange reserves, and large fiscal and current account deficits” among the primary reasons. (Aljazeera News)

Namibia Trade Statistics (October 2022)

Posted on January 11, 2023
Trade
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NSX DAILY UPDATE (10 JANUARY 2023)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	620,317.00	55,903,180.32	100.00%
ETFs	-	-	0.00%
Total	620,317.00	55,903,180.32	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 55,903,180.32 worth of shares was traded on the NSX on Tuesday with about N$ 7,065,186 worth of shares belonging to Anglo-American plc and N$ 17,500 from Letshego Holdings Ltd on the home front. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

Anglo-American plc performance on the overall bourse increased by decreased as investors rearrange their portfolios based on volatility experienced in the resource sector
Letshego Holdings Ltd shares were traded by market participants, with an increase in share price as investor sentiments remain positive based on prior company performance

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.03	13.03	0.00%
First Rand Namibia	FNB	33.00	33.00	0.00%
Standard Bank Namibia	SNO	4.42	4.42	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.00	3.50	16.67%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	730.43	720.00	-1.43%
B2Gold Corporation	B2G	66.86	65.04	-2.72%
Oceana Group Limited	OCG	66.46	67.57	1.67%
Mediclinic International Plc	MEP	102.51	103.04	0.52%
Truworths	TRW	59.40	60.53	1.90%
Nedbank Group Limited	NBK	214.95	213.65	-0.60%
Standard Bank Group	SNB	171.25	169.78	-0.86%
Shoprite Holdings	SRH	235.54	238.80	1.38%
FirstRand Limited	FST	64.11	63.02	-1.70%
Momentum Metropolitan Holdings	MMT	18.14	18.34	1.10%
Old Mutual Ltd	OMM	11.32	11.28	-0.35%
Sanlam Limited	SLA	52.96	52.34	-1.17%
Santam Limited	SNM	256.67	259.03	0.92%
Vukile Property Fund Limited	VKN	13.03	13.21	1.38%
Investec Limited	IVD	108.84	109.72	0.81%
PSG Konsult Limited	KFS	12.20	12.26	0.49%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	296.58	298.41	0.62%
New Gold Palladium ETF	NGNPLD	293.15	295.49	0.80%
New Gold Platinum ETF N	NGNPLT	178.55	177.38	-0.66%
New Funds S&P NAM Bond	NFNAMA	18.20	18.15	-0.27%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	16.99
EUR/NAD	18.27
GBP/NAD	20.68
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	132.94
Commodities @ 08:00
Gold	1,887.10
Silver	24.01
Platinum	1,097.65
Palladium	1,782.28
WTI	74.46
Brent	79.47

Table 5: Exchange Rates and Commodities

Local News

World food prices fell for a ninth month in a row in December, though they hit their highest level on record for the full year in 2022. (Sun Newspaper)

Climate change is likely to have huge implications for Namibian society and its economy over the short, medium, and long-term, an economist with the Institute for Public Policy Research (IPPR) Robin Sherbourne said. (New Era Newspaper)

Finance spokesperson Wilson Shikoto, during a Desert Radio interview, said underprivileged women and girls typically do not use tampons, hence the decision to maintain a 15% value-added tax (VAT) on these items. (The Namibian)

Sub-Sahara News

South Africa has entered a critical phase of revamping its sole nuclear plant and needs it to run according to plan to avoid deepening power cuts that are already at a record and wreaking havoc on the economy. (News24)

Ghana is set to request on Tuesday to restructure its debt with official bilateral creditors under the common framework platform supported by the Group of 20 major economies. (CNBC Africa)

Uganda is waiting to be declared Ebola-free on Wednesday, January 11 after going 42 days without reporting a new case. (All Africa News)

International News

The battle for the eastern Ukrainian salt mining town raged in sub-zero temperatures on Wednesday, as Russia's mercenary Wagner Group claimed it had taken control, with its fighters training their fire on a pocket of resistance in the town Centre. (Reuters)

European stocks rose for a third day running on Wednesday, even as U.K. markets underperformed amid a decline in commodity-related stocks (RTT News)

Ukraine says it is strengthening its forces around Bakhmut in the eastern Donbas region and repelling constant attacks there by the Russian mercenary group Wagner. (Aljazeera News)

Building Plans Approved Report, Windhoek: November 2022

Executive summary

The City of Windhoek approved a total of 204 building plans valued at N$ 134,924,618 in November 2022. See figure 1
Out of 204 building plans approved, 148 were additions plans, 38 were house plans, 13 were wall plans, and 5 were commercial plans
The number of building plans approved declined by 27% in relation to the previous month. See Figure 2
During the month under review, a total number of 89 buildings were completed for Windhoek at the value of N$ 52,651,886
The total buildings completed increased by 36% when compared to the buildings completed in October 2022

Analysis

On an annual basis, the number of building plans approved for Windhoek declined by 22%
For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 34 plans (25 addition plans, 6 house plans, 3 commercial plans) valued at N$ 28,728,200
Katutura had the second-highest number of building plans approved with a total of 23 plans valued at N$ 4,339,906

Outlook

The decline in the number of building plans approved for Windhoek could be ascribed to low consumer confidence to uptake credit for construction activities due to high-interest rates
We anticipate the construction industry to remain subdued for December 2022 due to the closure of the majority of construction companies for the holiday.

Figure 1: Monthly Building Plans Approved Vs. Buildings Completed, Windhoek (November 2021- November 2022)

Figure 2: Building Plans Approved Monthly % Growth Rates, Windhoek (November 2021- November 2022)

Hospitality Statistics: National Occupancy rates for Namibia November 2022

The National occupancy rate for November stood at 45.8%. This was a decline from 55.3% which was recorded for October 2022. (See figure 1 below). According to the Hospitality Association of Namibia, this was an increase of over 10% when compared to 2021, a clear indication of the continued tourism recovery in Namibia, which in November reached almost 80% of normality (pre-pandemic levels).

The outlook for the tourism sector is positive, especially for the month of December. This is augmented by the much anticipated high demand for accommodation services influenced by the festive season.

Figure 1: National Occupancy rates vs. HKIA arrivals, Namibia (November 2021- November 2022)

Author: hei