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NSX DAILY UPDATE (18 OCTOBER 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	73,768.00	6,223,980.27	100.00%
ETFs	-	-	0.00%
Total	73,768.00	6,223,980.27	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 6,223,980.27 worth of shares was traded on the NSX on Tuesday with about N$ 304,155 worth of Namibia Breweries and N$ 221,000 worth of Capricorn Group on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

Namibia Breweries’ shares were traded with no change in share price at closing
Shares belonging to Capricorn Group were traded on the local bourse, with no change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.62	30.62	0.00%
Standard Bank Namibia	SNO	4.40	4.40	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.68	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	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	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	550.72	548.94	-0.32%
B2Gold Corporation	B2G	53.46	53.53	0.13%
Oceana Group Limited	OCG	54.92	55.06	0.25%
Mediclinic International Plc	MEP	101.71	101.30	-0.40%
Truworths	TRW	53.42	53.60	0.34%
Nedbank Group Limited	NBK	204.41	203.18	-0.60%
Standard Bank Group	SNB	152.53	151.98	-0.36%
Shoprite Holdings	SRH	226.00	225.35	-0.29%
FirstRand Limited	FST	60.51	60.93	0.69%
Momentum Metropolitan Holdings	MMT	15.85	16.07	1.39%
Old Mutual Ltd	OMM	10.07	10.08	0.10%
Sanlam Limited	SLA	51.74	51.48	-0.50%
Santam Limited	SNM	258.00	254.44	-1.38%
Vukile Property Fund Limited	VKN	13.64	13.63	-0.07%
Investec Limited	IVD	83.64	83.09	-0.66%
PSG Konsult Limited	KFS	10.80	10.79	-0.09%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	279.74	279.26	-0.17%
New Gold Palladium ETF	NGNPLD	350.74	355.51	1.36%
New Gold Platinum ETF N	NGNPLT	159.68	160.44	0.48%
New Funds S&P NAM Bond	NFNAMA	17.20	17.18	-0.12%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.15
EUR/NAD	17.86
GBP/NAD	20.52
EUR/GBP	0.87
EUR/USD	0.98
GBP/USD	1.12
AUD/USD	0.62
USD/JPY	149.37
Commodities @ 08:00
Gold	1,647.30
Silver	18.58
Platinum	893.60
Palladium	2,017.50
WTI	82.61
Brent	90.19

Table 5: Exchange Rates and Commodities

Local News

G4S Namibia workers are up in arms over what they term a “measly” N$ 2,400.00 salary with no danger allowance or medical aid. (Sun Newspaper)

B2Gold Namibia yesterday confirmed the labor dispute at the country’s largest gold mine, the Otjikoto mine, has ended with approximately 160 suspended employees returning for duty with a warning (New Era Newspaper)

The Namibia Revenue Agency (Namra) is shining the spotlight on directors of government and private sector entities who fail to pay taxes on board fees and allowances they receive (The Namibian)

Sub-Sahara News

Former Steinhoff chairperson Christo Wiese has praised the SA Reserve Bank for attaching around R1.4 billion in assets linked to the retailer's ex-CEO Markus Jooste, saying that "a lot of people will be grateful to see that the wheels of justice are turning". (News24)

Kenya plans to use cheaper loans from agencies such as the World Bank to allow it to retire expensive domestic loans and create funds for much-needed spending on items like food, the nominee to the post of finance minister said on Tuesday. (CNBC Africa)

The number of people living in poverty in sub-Saharan Africa has overtaken that in South Asia, says a new study. Nearly 579 million Africans live in what the study calls "acute multidimensional poverty". (All Africa News)

International News

German exports to Britain this year could grow for the first time since 2015 if the upward trend seen from January to August continues through 2022, statistics office data showed. (Reuters)

Asian stocks ended mixed on Wednesday after a recent string of losses on worries about slowing global growth and the impact of rising interest rates on corporate profits. The dollar index rose after the IMF's warning of a severe global recession (RTT News)

UN Secretary-General Antonio Guterres said on Monday that he believed such action was necessary to ease the grip gangs have on a port that is critical to allowing fuel supplies into the country. (Aljazeera News)

Building Plans Approved Report, Windhoek: September 2022

Executive summary

The City of Windhoek approved a total of 264 building plans valued at N$ 150,821,972 in September 2022. See figure 1
Out of 264 building plans approved, 169 were additions plans, 62 were house plans, 21 were wall plans, 6 were commercial plans, and 6 were pool plans
The number of building plans approved increased by 8% in relation to the previous month. See Figure 2
During the month under review, a total number of 88 buildings were completed for Windhoek at the value of N$ 107,571,936
The total buildings completed increased by 3.5% when compared to the buildings completed in August 2022

Analysis

On an annual basis, the number of building plans approved for Windhoek increased by 79.6%
Total building plans approved and completed increased for September 2022 amidst rising interest rates and commodity prices
For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 59 plans (32 addition plans, 18 house plans, 4 commercial plans, 4 wall plans, and 1 pool plan) valued at N$ 43,819,137
Klein Windhoek had the second-highest number of building plans approved with a total of 29 plans valued at N$ 8,685,000

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

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

Outlook

The poor economic performance of the construction sector reflected in the second quarter of 2022 indicates that construction activities are under pressure. This can be attributed to a decrease in real government expenditure for the sector
We project the construction sector to remain under pressure in the short to medium term.

CPI Report: September 2022

Executive summary

The annual inflation rate increased to 7.1% for August 2022 from 3.5% recorded during the same period last year. See figure 1

The annual inflation rate averaged 5.8% from January to September 2022 compared to an average of 3.5% recorded during the same period last year. This was mainly derived from the transport inflation category which emanated from high and volatile international crude oil prices in 2022

The main drivers of an increase in the annual inflation rate were transport, hotels, cafes and restaurants, furnishings household equipment, and routine maintenance of the house and food alcoholic beverages, and tobacco. See figure 2

On a monthly basis, inflation increased by 0.1% influenced by the price levels changes in transport (from 0.2% to -1.6%); housing, water, electricity, gas and other fuels (from 0.3% to 0.1%); recreation and culture (from 0.7% to 0.3%) and food and non-alcoholic beverages (from 0.8% to 0.6%)

Analysis

The annual inflation rate for the transport category increased to 19.5% from 7.5% recorded during the same period last year. This was mainly influenced by an increase in the prices of fuel (petrol and diesel) driven by an increase in oil prices globally and an increase in the cost of public transportation services

An increase in the annual inflation rate for hotels, cafes, and restaurants from 0.2% to 11.0% was driven by an upturn in demand for accommodation services due to a rebound in tourism-related activities

The annual inflation rate for furnishings household equipment and routine maintenance of the house increased to 9.4% from 4.8%. This was due to an increase in the price levels of goods and services for routine household maintenance and heating and cooking appliances, refrigerators, washing machines, and similar major household appliances

Food and non-alcoholic beverages and tobacco which accounts for 16.5% of the inflation basket recorded an increase in the annual inflation rate of 9.3% from 5.0% recorded during the same period last year. This came as a consequence of an increase in the price levels of bread and cereals, fruits and oils, and fats

The communications category recorded deflation of - 0.3% for September 2022 declining from 0.9% recorded in September 2021. This could have been influenced by face-to-face engagement after the removal of the Covid-19 restrictions

Figure 1: Annual Inflation rate, Namibia

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

Outlook

Announcements made by Namibia Breweries Limited on an increase in the price levels of alcoholic and non-alcoholic beverages and OPEC production out cuts will propel the transport and alcoholic beverages components of inflation and in turn annual inflation rate for October 2022
We anticipate that the annual inflation rate for October will remain on an upward trend.
We anticipate that the inflation will remain higher for longer.

Posted on October 18, 2022
Inflation
Leave a Comment on CPI Report: September 2022

NSX DAILY UPDATE (17 OCTOBER 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	48,438.00	2,529,616.78	100.00%
ETFs	-	-	0.00%
Total	48,438.00	2,529,616.78	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 2,529,616.78 worth of shares was traded on the NSX on Monday with about N$ 186,351 worth of Anglo-American plc and N$ 109,850 worth of Capricorn Group on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

Anglo-American’s performance on the exchange displayed a slight increase on the bourse as resource-linked counters bounce back from a sell-off.
Shares belonging to Capricorn Group were traded on the local bourse, with no change in share price

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.62	30.62	0.00%
Standard Bank Namibia	SNO	4.30	4.40	2.33%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.68	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	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	531.77	550.72	3.56%
B2Gold Corporation	B2G	55.54	53.46	-3.75%
Oceana Group Limited	OCG	54.56	54.92	0.66%
Mediclinic International Plc	MEP	100.15	101.71	1.56%
Truworths	TRW	51.26	53.42	4.21%
Nedbank Group Limited	NBK	199.21	204.41	2.61%
Standard Bank Group	SNB	147.60	152.53	3.34%
Shoprite Holdings	SRH	220.61	226.00	2.44%
FirstRand Limited	FST	58.19	60.51	3.99%
Momentum Metropolitan Holdings	MMT	15.29	15.85	3.66%
Old Mutual Ltd	OMM	9.59	10.07	5.01%
Sanlam Limited	SLA	49.26	51.74	5.03%
Santam Limited	SNM	254.99	258.00	1.18%
Vukile Property Fund Limited	VKN	13.20	13.64	3.33%
Investec Limited	IVD	79.99	83.64	4.56%
PSG Konsult Limited	KFS	10.89	10.80	-0.83%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	280.09	279.74	-0.12%
New Gold Palladium ETF	NGNPLD	361.77	350.74	-3.05%
New Gold Platinum ETF N	NGNPLT	157.79	159.68	1.20%
New Funds S&P NAM Bond	NFNAMA	17.27	17.20	-0.41%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.01
EUR/NAD	17.74
GBP/NAD	20.43
EUR/GBP	0.86
EUR/USD	0.96
GBP/USD	1.12
AUD/USD	0.63
USD/JPY	148.91
Commodities @ 08:00
Gold	1,659.80
Silver	18.78
Platinum	922.00
Palladium	2,021.50
WTI	85.40
Brent	92.52

Table 5: Exchange Rates and Commodities

Local News

Mines minister Tom Alweendo says Namibia is not yet in a position to determine whether it would like to apply for membership to the Organisation of Petroleum Countries (OPEC) (Sun Newspaper)

The government’s long-awaited electronic procurement portal (E-GP) is finally a reality. (New Era Newspaper)

Only 80 out of 2,895 employers have used money in the national training fund for the training of existing employees and vocational training of students (The Namibian)

Sub-Sahara News

The South African Transport and Allied Workers Union (Satawu) has vowed to continue striking at Transnet, calling the entity's three-year wage deal with the United National Transport Union (UNTU) a "betrayal" of workers. (News24)

International Monetary Fund staff on Monday reached a staff-level agreement with Somalia that will allow the release of about $10 million to the East African country, once approved by the board, the head of the IMF mission told Reuters. (CNBC Africa)

Ethiopia's government has vowed to seize control of airports and other federal facilities in the country's Tigray region, a day after the African Union appealed for a ceasefire. (All Africa News)

International News

As Xi Jinping consolidates power at China's 20th Communist Party Congress this week, Chinese women are not holding their breath for progress in gender equality. (Reuters)

Asian stocks ended mostly lower on Tuesday to extend recent losses amid worries about relentless Federal Reserve tightening and the escalation of the conflict in Ukraine following heavy Russian attacks. (RTT News)

UN Secretary-General Antonio Guterres said on Monday that he believed such action was necessary to ease the grip gangs have on a port that is critical to allowing fuel supplies into the country.. (Aljazeera News)

NSX WEEKLY MARKET UPDATES (10-14 OCTOBER 2022)

NSX DAILY UPDATE (14 OCTOBER 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	234,882.00	22,834,786.28	92.09%
ETFs	6,936.00	1,961,163.13	7.91%
Total	241,818.00	24,795,949.41	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 22,834,786.28 worth of shares was traded on the NSX on Friday with about N$ 118,355 worth of Mediclinic International and N$ 14,560 worth of SBN Holdings Ltd on the home front. ETFs worth N$ 1,961,163.13 were traded on Friday.

HEI Market Commentary

From the trading activity that took place:

Mediclinic International’s performance on the exchange displayed a slight decline on the bourse.
Shares belonging to SBN Holdings Ltd were traded on the local bourse, resulting in a decrease in share price at closing
New Gold Issuer Ltd NM ETF was sold off by market participants at the closing

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.61	30.62	0.03%
Standard Bank Namibia	SNO	4.70	4.30	-8.51%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.68	2.68	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	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	542.61	531.77	-2.00%
B2Gold Corporation	B2G	56.59	55.54	-1.86%
Oceana Group Limited	OCG	54.51	54.56	0.09%
Mediclinic International Plc	MEP	101.62	100.15	-1.45%
Truworths	TRW	50.45	51.26	1.61%
Nedbank Group Limited	NBK	199.02	199.21	0.10%
Standard Bank Group	SNB	147.13	147.60	0.32%
Shoprite Holdings	SRH	219.62	220.61	0.45%
FirstRand Limited	FST	58.01	58.19	0.31%
Momentum Metropolitan Holdings	MMT	15.27	15.29	0.13%
Old Mutual Ltd	OMM	9.56	9.59	0.31%
Sanlam Limited	SLA	49.11	49.26	0.31%
Santam Limited	SNM	251.11	254.99	1.55%
Vukile Property Fund Limited	VKN	13.04	13.20	1.23%
Investec Limited	IVD	79.58	79.99	0.52%
PSG Konsult Limited	KFS	10.67	10.89	2.06%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	283.00	280.09	-1.03%
New Gold Palladium ETF	NGNPLD	369.55	361.77	-2.11%
New Gold Platinum ETF N	NGNPLT	155.66	157.79	1.37%
New Funds S&P NAM Bond	NFNAMA	17.29	17.27	-0.12%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.24
EUR/NAD	17.78
GBP/NAD	20.59
EUR/GBP	0.86
EUR/USD	0.97
GBP/USD	1.12
AUD/USD	0.62
USD/JPY	148.69
Commodities @ 08:00
Gold	1,656.25
Silver	18.41
Platinum	909.45
Palladium	2,038.50
WTI	85.47
Brent	92.53

Table 5: Exchange Rates and Commodities

Local News

A total of 1,018 new vehicles were sold in September, which is 34 fewer than were sold in August, but represents a 32.7% year-on-year increase from 767 new vehicles sold in September 2021. (Sun Newspaper)

Namib Mills has announced an increase in prices on their various products with effect from 14 November 2022. (New Era Newspaper)

The Namibia Ports Authority (Namport) has approved Swiss-based container terminal giant, Terminal Investment Limited (TIL), as the preferred bidder to operate the port utility’s new N$4 billion container terminal. (The Namibian)

Sub-Sahara News

SAA is developing a plan to enable it to continue operating even if one presupposes an extended or even indefinite delay in the strategic equity partnership coming on board, says the interim chair and CEO Prof. John Lamola. (News24)

British Prime Minister Liz Truss on Friday scrapped another key tax-cutting policy after firing her finance minister, in a bid to placate markets after the government’s controversial “mini-budget.” (CNBC Africa)

The federal government has announced that as at yesterday, the death toll of flood disaster has hit 603. This comes as a report released by experts has warned that the agricultural losses recorded from recent flooding incidents will further worsen food scarcity. (All Africa News)

International News

Thousands of Australians on Monday returned to homes and businesses to assess flood damage even as evacuation warnings remained in inland regions of the southeast and authorities warned of more rain ahead which could trigger renewed flooding. (Reuters)

Asian stocks fell on Monday as better-than-expected U.S. jobs data released on Friday cemented bets of more large Federal Reserve rate hikes. Lingering worries surrounding the Russia-Ukraine war and the U.S.-China chip war also dented sentiment (RTT News)

Iranian President Ebrahim Raisi accused United States President Joe Biden of “inciting chaos” after he expressed support for demonstrations against the death of Mahsa Amini, a woman who died in Iranian government custody nearly a month ago. (Aljazeera News)

NSX DAILY UPDATE (13 OCTOBER 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	122,848.00	9,298,218.10	100.00%
ETFs	-	-	0.00%
Total	122,848.00	9,298,218.10	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 9,298,218.10 worth of shares was traded on the NSX on Thursday with about N$ 2,269,093 worth of Shoprite Holdings and N$ 91,000 worth of Capricorn Group on the home front. No ETFs were traded on Thursday.

HEI Market Commentary

From the trading activity that took place:

Shoprite Holdings' performance on the exchange displayed continuous volatility as share prices reacted to market sentiments.
Shares belonging to Capricorn Group were traded on the local bourse, 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	45.00	45.00	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.61	30.61	0.00%
Standard Bank Namibia	SNO	4.70	4.70	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.67	2.68	0.37%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	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	535.81	542.61	1.27%
B2Gold Corporation	B2G	55.88	56.59	1.27%
Oceana Group Limited	OCG	54.01	54.51	0.93%
Mediclinic International Plc	MEP	99.64	101.62	1.99%
Truworths	TRW	50.40	50.45	0.10%
Nedbank Group Limited	NBK	196.99	199.02	1.03%
Standard Bank Group	SNB	144.87	147.13	1.56%
Shoprite Holdings	SRH	220.84	219.62	-0.55%
FirstRand Limited	FST	57.28	58.01	1.27%
Momentum Metropolitan Holdings	MMT	15.17	15.27	0.66%
Old Mutual Ltd	OMM	9.50	9.56	0.63%
Sanlam Limited	SLA	48.96	49.11	0.31%
Santam Limited	SNM	248.57	251.11	1.02%
Vukile Property Fund Limited	VKN	13.11	13.04	-0.53%
Investec Limited	IVD	76.36	79.58	4.22%
PSG Konsult Limited	KFS	10.73	10.67	-0.56%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	284.89	283.00	-0.66%
New Gold Palladium ETF	NGNPLD	373.52	369.55	-1.06%
New Gold Platinum ETF N	NGNPLT	156.03	155.66	-0.24%
New Funds S&P NAM Bond	NFNAMA	17.25	17.29	0.23%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.18
EUR/NAD	17.80
GBP/NAD	20.58
EUR/GBP	0.86
EUR/USD	0.97
GBP/USD	1.13
AUD/USD	0.62
USD/JPY	147.45
Commodities @ 08:00
Gold	1,677.25
Silver	19.01
Platinum	907.35
Palladium	2,135.02
WTI	89.41
Brent	94.81

Table 5: Exchange Rates and Commodities

Local News

Beef from the northern communal area (NCAs) is currently being exported into several new African markets, while it is also available for consumption in three towns south of the veterinary cordon fence (VCF) (Sun Newspaper)

Namibia remains resolute in its stance to vote against debating alleged widespread abuses in China’s Xinjiang, citing a recent United Nations motion as being tabled through an ambush, outside normal procedure (New Era Newspaper)

Canadian mining company B2Gold Namibia has started recruiting workers for its Otjikoto Mine in north-central Namibia after suspending more than 200 employees (The Namibian)

Sub-Sahara News

Gareth Ackerman urges the government to let the private sector run key infrastructure such as roads, rail, and ports to secure SA's supply chains and help it fire on all cylinders. (News24)

South African rail freight and port workers have rejected logistics firm Transnet’s revised pay offer and vowed to continue a strike that started last week, a union leader said on Thursday. (CNBC Africa)

With elections pushed back by a further two years, Chad's military ruler Mahamat Deby is set to stay on as president. He's also gained expansive new powers as part of several presential resolutions passed. (All Africa News)

International News

Evacuees from Ukraine's southern Kherson region were expected to begin arriving in Russia on Friday after a Moscow-installed official suggested residents should leave for safety, a sign of Moscow's weakening hold on territory it claims to have annexed. (Reuters)

European stocks traded flat to slightly higher on Thursday despite renewed concerns about inflation and a possible recession. German factory orders decreased 2.4 percent month-on-month in August, Destatis reported (RTT News)

North Korea has test-fired a pair of long-range strategic cruise missiles, with leader Kim Jong Un lauding another successful display of the country’s tactical nuclear strike capability. (Aljazeera News)

Hospitality Statistics: National Occupancy rates for Namibia August 2022

The National occupancy rates increased to 61.2% for August 2022. This reflects an improvement from the 51% that was recorded in July 2022 (See figure 1 below). According to the Hospitality Association of Namibia, August remains to be the peak tourism month for Namibia, due to it being the key travel month for most Europeans, from which most of Namibia's leisure travelers visit.

Tourist arrivals significantly improved for 2022 compared to 2021. The total number of arrivals increased to 183, 506 from January 2022 to August 2022 compared to a total of 30, 720 recorded during the same period of 2021. This shows a rebound in the tourism sector which resulted in an increase in the national occupancy rates for 2022 averaging 30.2% With Namibia Wildlife Resorts introducing a reward plan offering lower prices for accommodation to locals and SADC countries for as low as N$ 660 Namibian dollars valid from November 2022 to October 2023, we expect the tourism sector to maintain strong growth momentum in the short to medium term.

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

NSX DAILY UPDATE (12 OCTOBER 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	781,658.00	35,216,304.60	100.00%
ETFs	-	-	0.00%
Total	781,658.00	35,216,304.60	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 35,216,304.60 worth of shares was traded on the NSX on Wednesday with about N$ 2,210,000 worth of Shoprite Holdings and N$ 1,222 worth of SBN Holdings on the home front. No ETFs were traded on Wednesday.

HEI Market Commentary

From the trading activity that took place:

Shoprite Holdings performance soared as market participants rearrange their portfolios amid the IMF growth projection cuts.
Shares belonging to SBN Holdings were traded on the local bourse, 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	42.50	45.00	5.88%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.61	30.61	0.00%
Standard Bank Namibia	SNO	4.90	4.70	-4.08%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.67	2.67	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	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	543.02	535.81	-1.33%
B2Gold Corporation	B2G	57.54	55.88	-2.88%
Oceana Group Limited	OCG	54.05	54.01	-0.07%
Mediclinic International Plc	MEP	99.03	99.64	0.62%
Truworths	TRW	52.15	50.40	-3.36%
Nedbank Group Limited	NBK	197.81	196.99	-0.41%
Standard Bank Group	SNB	146.30	144.87	-0.98%
Shoprite Holdings	SRH	218.50	220.84	1.07%
FirstRand Limited	FST	61.51	57.28	-6.88%
Momentum Metropolitan Holdings	MMT	15.12	15.17	0.33%
Old Mutual Ltd	OMM	9.47	9.50	0.32%
Sanlam Limited	SLA	48.63	48.96	0.68%
Santam Limited	SNM	247.50	248.57	0.43%
Vukile Property Fund Limited	VKN	13.08	13.11	0.23%
Investec Limited	IVD	78.16	76.36	-2.30%
PSG Konsult Limited	KFS	10.78	10.73	-0.46%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	281.87	284.89	1.07%
New Gold Palladium ETF	NGNPLD	373.53	373.52	0.00%
New Gold Platinum ETF N	NGNPLT	155.67	156.03	0.23%
New Funds S&P NAM Bond	NFNAMA	17.50	17.25	-1.43%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.30
EUR/NAD	17.76
GBP/NAD	20.29
EUR/GBP	0.87
EUR/USD	0.97
GBP/USD	1.10
AUD/USD	0.62
USD/JPY	146.81
Commodities @ 08:00
Gold	1,675.95
Silver	18.94
Platinum	876.25
Palladium	2,142.02
WTI	87.09
Brent	92.38

Table 5: Exchange Rates and Commodities

Local News

Namibia observes Mental Health Month amid a cocktail of dilapidated healthcare facilities and a dire shortage of mental health personnel and beds. (Sun Newspaper)

The Bank of Namibia (BoN) has announced the launch of the FinTech Innovations Regulatory Framework, which outlines how FinTech Innovations that are not currently subject to the bank’s existing regulations will be treated (New Era Newspaper)

A consulting company has cut ties with a Russian state-owned entity exploring for uranium in the Omaheke region after complaining about a lack of information to determine whether mining activities would contaminate Namibia’s underground water (The Namibian)

Sub-Sahara News

Gareth Ackerman urges the government to let the private sector run key infrastructure such as roads, rail, and ports to secure SA's supply chains and help it fire on all cylinders. (News24)

Staff shortages caused by an ongoing strike over wages are impacting container and car terminals at South Africa’s Durban port, one of the busiest on the continent, a unit of state-owned logistics company Transnet said on Tuesday. (CNBC Africa)

Africa's relationship with the British monarchy is fraught with complications, not least being that the cornerstone of their modern affiliation, the Commonwealth, is rooted in a dark legacy of colonialism and empire. (All Africa News)

International News

Right-wing conspiracy theorist Alex Jones must pay at least $965 million in damages to numerous families of victims of the 2012 Sandy Hook mass shooting for falsely claiming they were actors who faked the tragedy, a Connecticut jury said on Wednesday. (Reuters)

European stocks traded flat to slightly higher on Thursday despite renewed concerns about inflation and a possible recession. German factory orders decreased 2.4 percent month-on-month in August, Destatis reported (RTT News)

North Korea has test-fired a pair of long-range strategic cruise missiles, with leader Kim Jong Un lauding another successful display of the country’s tactical nuclear strike capability. (Aljazeera News)

NSX DAILY UPDATE (11 OCTOBER 2022)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	20,742.00	4,450,684.07	100.00%
ETFs	-	-	0.00%
Total	20,742.00	4,450,684.07	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,450,684.07 worth of shares was traded on the NSX on Tuesday with about N$ 2,179,760 worth of Anglo-American and N$ 5,586 worth of SBN Holdings on the home front. No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

Anglo-American performance on the stock exchange declined as global indexes declined amid the IMF World Outlook and fears of recessions
Shares belonging to SBN Holdings were traded on the local bourse, 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	42.50	42.50	0.00%
Nictus Holdings	NHL	1.75	1.75	0.00%
Capricorn	CGP	13.00	13.00	0.00%
First Rand Namibia	FNB	30.61	30.61	0.00%
Standard Bank Namibia	SNO	4.90	4.90	0.00%
Oryx Limited	ORY	10.26	10.26	0.00%
Letshego	LHN	2.67	2.67	0.00%
Namibia Asset Management	NAM	0.67	0.67	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.99	12.99	0.00%
Mobile Telecommunication Company	MOC	7.01	7.01	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	551.02	543.02	-1.45%
B2Gold Corporation	B2G	58.01	57.54	-0.81%
Oceana Group Limited	OCG	54.69	54.05	-1.17%
Mediclinic International Plc	MEP	98.48	99.03	0.56%
Truworths	TRW	51.51	52.15	1.24%
Nedbank Group Limited	NBK	197.30	197.81	0.26%
Standard Bank Group	SNB	145.27	146.30	0.71%
Shoprite Holdings	SRH	216.38	218.50	0.98%
FirstRand Limited	FST	61.16	61.51	0.57%
Momentum Metropolitan Holdings	MMT	15.07	15.12	0.33%
Old Mutual Ltd	OMM	9.66	9.47	-1.97%
Sanlam Limited	SLA	50.22	48.63	-3.17%
Santam Limited	SNM	247.00	247.50	0.20%
Vukile Property Fund Limited	VKN	13.15	13.08	-0.53%
Investec Limited	IVD	78.01	78.16	0.19%
PSG Konsult Limited	KFS	10.80	10.78	-0.19%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	282.10	281.87	-0.08%
New Gold Palladium ETF	NGNPLD	392.47	373.53	-4.83%
New Gold Platinum ETF N	NGNPLT	157.84	155.67	-1.37%
New Funds S&P NAM Bond	NFNAMA	17.33	17.50	0.98%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	18.15
EUR/NAD	17.64
GBP/NAD	19.96
EUR/GBP	0.88
EUR/USD	0.97
GBP/USD	1.09
AUD/USD	0.62
USD/JPY	146.23
Commodities @ 08:00
Gold	1,676.05
Silver	19.18
Platinum	892.50
Palladium	2,153.52
WTI	89.17
Brent	94.34

Table 5: Exchange Rates and Commodities

Local News

Standard Bank Namibia has raised N$400 million for various renewable energy projects. (Sun Newspaper)

The government is expected to spend close to N$100 million this year on over 500 war veterans as part of the hard cash payout initially meant for income-generating projects. (New Era Newspaper)

Namibia is again selling her scenic landscapes, safety, and good internet connectivity to professionals who are location-independent and self-sufficient, to come and live and work and travel in Namibia for up to six months. (The Namibian)

Sub-Sahara News

Lesetja Kganyago, governor of the SA Reserve Bank, has punted South African investments to US investors in New York this week. (News24)

World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday of a growing risk of global recession and said inflation remained a continuing problem after Russia’s invasion of Ukraine. (CNBC Africa)

Head of the Otash camp for the displaced in Nyala locality, South Darfur, Sheikh Abdelrazeg Jales revealed that a child has died and three others were taken to the hospital in critical condition after being poisoned eating from the landfill in El Kosha near the camp yesterday, as Sudan's food crisis worsens.. (All Africa News)

International News

The question of how, when, and whether to cap gas prices is set to dominate another meeting of European Union countries on Wednesday, as they pursue a joint plan to target high gas prices - a compromise that has eluded them for weeks. (Reuters)

Asian shares advanced on Wednesday after U.S. stocks posted strong gains for a second consecutive session overnight on expectations that the U.S. Federal Reserve might ease off on major rate hikes, heading into 2023. (RTT News)

The Biden administration has said it will “re-evaluate” ties with Saudi Arabia as United States lawmakers grow increasingly critical of the Gulf kingdom following a decision by a group of major oil producers, including Riyadh, to cut petroleum output. (Aljazeera News)

Author: hei