Author: hei




NSX DAILY UPDATE (15 AUGUST 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 9,148,365.02 9,148,365.0294.41%
ETFs 1,992.00 541,306.085.59%
Total 9,150,357.02 9,689,671.10 100.00

Table 1: NSX Trades


NSX Activities

A total of N$ 9,148,365.02 worth of shares was traded on the NSX on Monday, with N$   1,771,033 worth of Anglo-American plc and N$    126,000 worth of Capricorn Group Limited on the home front. ETFs worth N$ 541,306.08  were traded on Monday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American shares were traded on the dual listed resulting in a decline in share price at closing
  • On the local NSX listing, shares belonging to Capricorn Group Limited were traded with no change in share price
  • New Gold Issuer Ltd NM ETF was subscribed by market participants
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0040.000.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP10.5010.500.00%
First Rand NamibiaFNB29.7629.760.00%
Standard Bank NamibiaSNO4.374.370.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.462.460.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH13.0013.000.00%
Mobile Telecommunication CompanyMOC7.527.520.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM579.20572.39-1.18%
B2Gold CorporationB2G56.2657.432.08%
Oceana Group LimitedOCG53.5554.070.97%
Mediclinic International PlcMEP97.5798.340.79%
TruworthsTRW55.9957.101.98%
Nedbank Group LimitedNBK217.85219.600.80%
Standard Bank GroupSNB169.69172.081.41%
Shoprite HoldingsSRH244.91240.80-1.68%
FirstRand LimitedFST68.3269.551.80%
Momentum Metropolitan HoldingsMMT16.4516.500.30%
Old Mutual LtdOMM11.7611.52-2.04%
Sanlam LimitedSLA58.2958.590.51%
Santam LimitedSNM252.02252.630.24%
Vukile Property Fund LimitedVKN14.4615.064.15%
Investec LimitedIVD91.0390.20-0.91%
PSG Konsult LimitedKFS12.4511.81-5.14%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD271.63272.230.22%
New Gold Palladium ETFNGNPLD353.64340.26-3.78%
New Gold Platinum ETF NNGNPLT149.37147.84-1.02%
New Funds S&P NAM BondNFNAMA17.4017.28-0.69%

Table 4: ETFs


Exchange Rates 
USD/NAD16.43
EUR/NAD16.69
GBP/NAD19.79
EUR/GBP0.84
EUR/USD1.02
GBP/USD1.21
AUD/USD0.70
USD/JPY133.31
Commodities 
Gold1,797.40
Silver20.53
Platinum931.00
Palladium2,151.50
WTI88.92
Brent94.30

Table 5: Exchange Rates and Commodities 


Local News

Twelve cleaners from the justice ministry - who lost their jobs after their contract ended in April - have been permanently employed in grade 15 as government cleaners. (Namibian Sun)

Three entrepreneurs from Keetmanshoop last week won their share of N$85 000 through the Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative. (New Era Newspaper)

SWAPO parliamentarian and central committee member Tobie Aupindi says infighting within the ruling party ahead of its upcoming elective congress has reached toxic levels, as members jostle for positions and to be delegated to elect top leaders. (The Namibian)

Sub-Sahara News

Thungela Resources has declared an interim dividend of R8.2 billion, or R60 per share, following a record half year in which profit rocketed on the back of strong export coal prices. (News24)

Kenya’s elections chief declared Deputy President William Ruto the winner of a tight presidential race on Monday but, amid chaotic scenes, four other senior election officials said the week-long count was too opaque and disowned the result. (CNBC Africa)

A hotel employee at the Kruger National Park has accused Finance Minister Enoch Godongwana of sexual assault, Eye Witness News reports. The minister said that he was with his wife at the time of the alleged incident and that the allegations were baseless. The incident allegedly took place on August 9, 2022, Women's Day. The minister is yet to be charged. (All Africa News)

International News

Asian markets struggled for direction on Tuesday, weighed by worries over global growth following weak China data that knocked oil prices and commodity-linked currencies. (Reuters)

European stocks inched higher on Monday, as investors mulled disappointing Chinese data and awaited the minutes of the Federal Reserve's July meeting due on Wednesday for clues on the size of the next rate hike. (RTT News)

China’s economy slowed in July as Beijing’s ultra-strict “zero COVID” policies dragged down key metrics ranging from retail sales to industrial output. (Aljazeera News)

Building Plans Approved Report, Windhoek: July 2022

Executive summary

  • The City of Windhoek approved a total of 314 building plans valued at N$ 496,124,632 in July 2022. See figure 1
  • Out of 314 building plans approved, 179 were additions plans, 112 were house plans, 16 wall plans, 5 commercial plans, and 2 pool plans
  • The number of building plans approved declined by 26% 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$ 51,692,910  
  • Total buildings completed declined by 18% when compared to the buildings completed in June 2022. 

Analysis

  • On an annual basis, the number of building plans approved for Windhoek increased by 41%
  • Total building plans approved were mainly driven by additions and house plans between July 2021 and July 2022
  • For the month under review, the highest number of building plans approved were from Windhoek suburbs with a total of 54 plans (25 addition plans, 25 house plans, 2 wall plans, and 1 commercial plan), valued at N$ N$ 45,929,422
  • Goreagab suburb had the second highest number of building plans approved with a total of 47 plans valued at N$ N$ 45,579,200

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

Source: CoW & HEI RESEARCH

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

 Source: CoW & HEI RESEARCH

Outlook

  • The nominal value of the building plans approved during July 2022 increased to N$ 496 million when compared to N$ 399 million recorded in June 2022. The construction sector continues to show signs of improved activities amidst rising building material costs, rising interest rates, and rising fuel costs. We anticipate continued improvements in the construction environment in the short to medium term.

NSX DAILY UPDATE (12 AUGUST 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 31,440.00 9,926,567.30100.00%
ETFs -   -  0.00%
Total 31,440.00 9,926,567.30 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$  9,926,567.30 worth of shares was traded on the NSX on Friday, with N$  8,745,450 worth of Anglo-American plc and N$   200,001 worth of Namibia Breweries on the home front. No ETFs were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Anglo-American  shares were traded on the dual listed resulting in a decline in share price at closing
  • On the local NSX listing, shares belonging to Namibia Breweries were traded with no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0240.00-0.05%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP10.5010.500.00%
First Rand NamibiaFNB29.7629.760.00%
Standard Bank NamibiaSNO4.374.370.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.462.460.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9913.000.08%
Mobile Telecommunication CompanyMOC7.527.520.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM603.82579.20-4.08%
B2Gold CorporationB2G57.4656.26-2.09%
Oceana Group LimitedOCG52.7553.551.52%
Mediclinic International PlcMEP98.1197.57-0.55%
TruworthsTRW55.3455.991.17%
Nedbank Group LimitedNBK218.41217.85-0.26%
Standard Bank GroupSNB169.69169.690.00%
Shoprite HoldingsSRH241.00244.911.62%
FirstRand LimitedFST68.3268.320.00%
Momentum Metropolitan HoldingsMMT16.1216.452.05%
Old Mutual LtdOMM11.8711.76-0.93%
Sanlam LimitedSLA58.0858.290.36%
Santam LimitedSNM252.02252.020.00%
Vukile Property Fund LimitedVKN14.4614.460.00%
Investec LimitedIVD89.6491.031.55%
PSG Konsult LimitedKFS12.0512.453.32%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD271.40271.630.08%
New Gold Palladium ETFNGNPLD358.30353.64-1.30%
New Gold Platinum ETF NNGNPLT150.86149.37-0.99%
New Funds S&P NAM BondNFNAMA17.3617.400.23%

Table 4: ETFs


Exchange Rates 
USD/NAD16.24
EUR/NAD16.63
GBP/NAD19.67
EUR/GBP0.84
EUR/USD1.02
GBP/USD1.21
AUD/USD0.70
USD/JPY133.25
Commodities 
Gold1,807.85
Silver20.57
Platinum952.00
Palladium2,206.02
WTI91.09
Brent97.06

Table 5: Exchange Rates and Commodities 


Local News

Swapo’s performance in the recently held Swakopmund by-elections is an indication that the party is losing its grip in the coastal areas. (Namibian Sun)

Bargaining union Namibia Transport and Allied Workers Union (Natau) says the results of a TransNamib workers’ nationwide strike vote will be released today (New Era Newspaper)

The Ministry of Industrialization, Trade, and SME Development have embarked on a campaign to promote the production and sale of charcoal, as part of implementing its Growth at Home Strategy. (The Namibian)

Sub-Sahara News

The Police Prisons and Civil Rights Union (Popcru) will march to the Union Buildings in September in protest against the government's 2% wage offer at the public service wage talks (News24)

The U.K. economy contracted in the second quarter of 2022, as the country’s cost-of-living crisis hit home. (CNBC Africa)

Egypt's health ministry says that 41 people were killed when a fire broke out in a Coptic church in the densely populated Cairo suburb of Imbaba. Witnesses say the fire started following a short circuit in an air conditioning unit. (All Africa News)

International News

Ukrainian forces reported heavy Russian shelling and attempts to advance on several towns in the eastern region of Donetsk that have become a key focus of the near six-month war, but said they had repelled many of the attacks. (Reuters)

Asian stocks ended mixed on Monday a stronger-than-expected U.S. jobs report rekindled concerns over aggressive rate hikes by the Federal Reserve and Chinese imports data disappointed, highlighting weak domestic demand. U.S.-China tensions over Taiwan (RTT News)

China’s economy slowed in July as Beijing’s ultra-strict “zero COVID” policies dragged down key metrics ranging from retail sales to industrial output. (Aljazeera News)

NSX DAILY UPDATE (11 AUGUST 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 24,317.00 2,439,773.69100.00%
ETFs -   -  0.00%
Total 24,317.00 2,439,773.69 100.00

Table 1: NSX Trades


NSX Activities

A total of N$ 2,439,773.69 worth of shares was traded on the NSX on Thursday with N$ 271,527 worth of Truworths and N$  74,010 worth of Capricorn Group Limited on the home front. No ETFs were traded on Thursday.

HEI Equity Research Commentary

From the trading activity that took place:

  • Truworths shares were traded on the JSE resulting increase in share price at closing as bullish market conditions prevail.
  • On the local NSX listing, shares belonging to Capricorn Group were traded with a major slump in share price at closing
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0240.020.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.0110.50-4.63%
First Rand NamibiaFNB29.7629.760.00%
Standard Bank NamibiaSNO4.374.370.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.462.460.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.527.520.00%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM585.42603.823.14%
B2Gold CorporationB2G58.8057.46-2.28%
Oceana Group LimitedOCG51.4852.752.47%
Mediclinic International PlcMEP98.0998.110.02%
TruworthsTRW53.4355.343.57%
Nedbank Group LimitedNBK216.49218.410.89%
Standard Bank GroupSNB167.22169.691.48%
Shoprite HoldingsSRH235.90241.002.16%
FirstRand LimitedFST67.4568.321.29%
Momentum Metropolitan HoldingsMMT15.6516.123.00%
Old Mutual LtdOMM11.4511.873.67%
Sanlam LimitedSLA56.6258.082.58%
Santam LimitedSNM254.00252.02-0.78%
Vukile Property Fund LimitedVKN14.2514.461.47%
Investec LimitedIVD90.3789.64-0.81%
PSG Konsult LimitedKFS11.8312.051.86%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD271.39271.400.00%
New Gold Palladium ETFNGNPLD350.81358.302.14%
New Gold Platinum ETF NNGNPLT148.39150.861.66%
New Funds S&P NAM BondNFNAMA17.2517.360.64%

Table 4: ETFs


Exchange Rates 
USD/NAD16.24
EUR/NAD16.74
GBP/NAD19.78
EUR/GBP0.84
EUR/USD1.03
GBP/USD1.21
AUD/USD0.71
USD/JPY133.17
Commodities 
Gold1,806.60
Silver20.37
Platinum957.30
Palladium2,256.77
WTI93.89
Brent99.19

Table 5: Exchange Rates and Commodities 


Local News

The Road Fund Administration (RFA) has concluded a study on the feasibility of implementing a tolling system and said data shows Namibia has sufficient traffic flows to support it.  (Namibian Sun)

TransNamib and Alliance Media are locked in mediation after the railway company sued the advertising agency for failing to pay for advertising spaces. (New Era Newspaper)

The government, through the Bank of Namibia (BoN), last week put out an auction seeking to borrow N$215 million on Wednesday but ended up borrowing N$415 million citing as much as it wants. (The Namibian)

Sub-Sahara News

Luxury homes in gated security estates; a mansion with two house-size "guest cottages" in a rural village; a home in an exclusive golf estate; and an R27-million house on its own private two-hectare suburban property. (News24)

U.S. Secretary of State Antony Blinken said on Wednesday he had raised with Rwanda’s president U.S. concerns over the jailing of Paul Rusesabagina, portrayed in the film “Hotel Rwanda” sheltering hundreds of people during the 1994 genocide. (CNBC Africa)

The Independent Electoral and Boundaries (IEBC) started streaming verified presidential results late Thursday as it races against time to declare final results (All Africa News)

International News

South Korea's President Yoon Suk-yeol pardoned Samsung Electronics (005930.KS) Vice Chairman Jay Y. Lee on Friday, with South Korea's Justice Ministry saying the business leader was needed to help overcome a "national economic crisis". (Reuters)

Shares of Deutsche Post DHL Group were gaining around 6 percent in the morning trading in Germany after the package delivery and logistic major reported Friday higher profit and revenues in its second quarter with strong demand. (RTT News)

When Annie Shu flew to “China’s Hawaii” of Hainan in July, she was hoping to enjoy a much-needed break after suffering through a two-month lockdown at home in Shanghai. (Aljazeera News)

CPI Report: July 2022

Executive summary

  • The annual inflation rate increased to 6.8% for July 2022 from 4.0% recorded during the same period last year. See figure 1
  • The main drivers of an increase in the annual inflation rate were transport, hotels, cafes and restaurants, clothing and footwear, recreation and culture, alcoholic beverages, and tobacco. See figure 2
  • On a monthly basis, inflation increased by 0.8%
  • An increase in the monthly inflation rate was mainly influenced by the price levels of fruits specifically avocadoes

Analysis

  • The annual inflation rate for the transport category increased to 20.9% from 10.6% recorded during the same period last year. This was mainly influenced by an increase in the prices of fuel and driving lessons, licenses, and tests
  • An increase in the annual inflation rate for hotels, cafes, and restaurants from 1.0% to 9.8% was driven by a high uptake for accommodation services as the tourism sector shows positive sentiments
  • Clothing and footwear recorded an increase in the annual inflation rate of 0.3% from -3.0%. This came as a consequence of an increase in the price levels of dry-cleaning services and repair of footwear.
  • The annual inflation rate for the recreation and culture category increased from 2.1% to 5.1% due to the high demand for package holidays influenced by the  July school holiday
  • The annual inflation rate for alcoholic beverages and tobacco increased to 5.4% from 2.5%. This was influenced by an increase in the price levels of white spirits and beer

Figure 1: Annual Inflation rate

Source: NSA & HEI RESEARCH

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

Source: NSA & HEI RESEARCH

Outlook

  • Higher energy and food prices and the rebalancing of demand back toward the sectors that were negatively impacted by the Covid-19 pandemic have driven up inflation. Persistently high inflation will compel central banks to raise interest rates for price stability, thereby suppressing spending patterns.
  • A recent sharp decline in oil prices as a result of a rebound in the international crude oil market which increased crude oil production by major oil producers. This implies that national fuel prices are expected to decline and slow the overall inflation much quicker than initial expectations.

NSX DAILY UPDATES (10 AUGUST 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 74,993.00 7,747,123.49100.00%
ETFs -   -  0.00%
Total 74,993.00 7,747,123.49 100.00

Table 1: NSX Trades


NSX Activities

A total of N$ 7,747,123.49 worth of shares was traded on the NSX on Wednesday with N$ 5,452,167 worth of Anglo-American and N$ 194,578 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

  •  Anglo-American plc shares were traded on the JSE resulting in a decline in the share price at closing
  • On the local NSX listing, shares belonging to Mobile Telecommunications Limited were traded with a slight increase of N$ 0.01
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0140.020.02%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.0111.010.00%
First Rand NamibiaFNB29.7629.760.00%
Standard Bank NamibiaSNO4.374.370.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.462.460.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.51 7.520.01%
Alpha Namibia Industries Renewable Power LimitedANE9.00 9.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM594.51585.42-1.53%
B2Gold CorporationB2G58.2258.801.00%
Oceana Group LimitedOCG49.5051.484.00%
Mediclinic International PlcMEP99.6998.09-1.60%
TruworthsTRW52.0553.432.65%
Nedbank Group LimitedNBK217.46216.49-0.45%
Standard Bank GroupSNB167.78167.22-0.33%
Shoprite HoldingsSRH229.33235.902.86%
FirstRand LimitedFST67.2767.450.27%
Momentum Metropolitan HoldingsMMT15.6015.650.32%
Old Mutual LtdOMM11.5111.45-0.52%
Sanlam LimitedSLA56.5056.620.21%
Santam LimitedSNM253.40254.000.24%
Vukile Property Fund LimitedVKN14.2214.250.21%
Investec LimitedIVD91.4990.37-1.22%
PSG Konsult LimitedKFS11.8511.83-0.17%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD276.94271.39-2.00%
New Gold Palladium ETFNGNPLD361.51350.81-2.96%
New Gold Platinum ETF NNGNPLT150.93148.39-1.68%
New Funds S&P NAM BondNFNAMA17.1317.250.70%

Table 4: ETFs


Exchange Rates 
USD/NAD16.21
EUR/NAD16.69
GBP/NAD19.79
EUR/GBP0.84
EUR/USD1.02
GBP/USD1.21
AUD/USD0.70
USD/JPY133.00
Commodities 
Gold1,802.25
Silver20.43
Platinum949.00
Palladium2,237.00
WTI92.02
Brent97.52

Table 5: Exchange Rates and Commodities 


Local News

The Road Fund Administration (RFA) has concluded a study on the feasibility of implementing a tolling system and said data shows Namibia has sufficient traffic flows to support it. (Namibian Sun)

TransNamib and Alliance Media are locked in mediation after the railway company sued the advertising agency for failing to pay for advertising spaces. (New Era Newspaper)

The bulk of the budget for the Ministry of International Relations has been spent on its 34 missions, including four consulates. (The Namibian)

Sub-Sahara News

Aspen Pharmacare will stop making Covid-19 vaccines at its Gqeberha plant in South Africa from the end of this month due to a lack of orders, a senior executive said, further undermining Africa's already meagre capacity to produce doses. (News24)

Ugandan IT student Andrew Njuki spent years hunched over English-language textbooks, often grappling with material that would have been easier to grasp in his mother tongue Luganda. (CNBC Africa)

At the time of publication, the Daily Nation, one of Kenya's highest circulation newspapers, had Ruto leading with 51% and Odinga with 48%. The other two candidates -- George Wajackoyah and David Waihiga -- had not managed to get past 1%. (All Africa News)

International News

China and South Korea clashed on Thursday over a U.S. missile defense shield, threatening to undermine efforts by the new government in Seoul to overcome longstanding security differences. (Reuters)

Asian stocks ended mostly higher on Thursday as encouraging U.S. data and earnings helped ease recession concerns. (RTT News)

Former US President Donald Trump has said that he refused to answer questions under oath during an appearance before the New York state attorney general in an investigation into his business dealings. (Aljazeera News)

NSX DAILY UPDATE (08 AUGUST 2022)

NSX TradesTraded Volume (No. Shares)Monetary Amount (N$)Trading Contribution (%)
Overall 75,983.00 5,630,110.97100.00%
ETFs -   -  0.00%
Total 75,983.00 5,630,110.97 100.00%

Table 1: NSX Trades


NSX Activities

A total of N$ 5,630,110.97 worth of shares was traded on the NSX on Monday with N$4,628,424 worth of Mediclinic International and N$ 59,938 worth of Capricorn Group Limited on the home front. No ETFs were traded on Monday

HEI Equity Research Commentary

From the trading activity that took place:

  •  Mediclinic International’s shares were traded on the JSE resulting in a decline in the share price at closing
  • On the local NSX listing, shares belonging to Capricorn Group Limited were traded with no change in share price
NameNSX Local TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Namibian BreweriesNBS40.0140.010.00%
Nictus HoldingsNHL1.751.750.00%
CapricornCGP11.0111.010.00%
First Rand NamibiaFNB30.0029.76-0.80%
Standard Bank NamibiaSNO4.374.370.00%
Oryx LimitedORY10.2610.260.00%
LetshegoLHN2.462.460.00%
Namibia Asset ManagementNAM0.700.700.00%
StimulusSILP127.90127.900.00%
Paratus Namibia Holdings LtdPNH12.9912.990.00%
Mobile Telecommunication CompanyMOC7.987.51-5.89%
Alpha Namibia Industries Renewable Power LimitedANE9.009.000.00%

Table 2: Primary listed Trades


­­

NameSouth African Dual Listed TickerPrice Previous Close 'N$Price End of Day 'N$Daily Change %
Anglo-American plcANM593.67594.510.14%
B2Gold CorporationB2G57.2358.221.73%
Oceana Group LimitedOCG48.8049.501.43%
Mediclinic International PlcMEP100.4099.69-0.71%
TruworthsTRW51.0052.052.06%
Nedbank Group LimitedNBK218.46217.46-0.46%
Standard Bank GroupSNB166.60167.780.71%
Shoprite HoldingsSRH227.10229.330.98%
FirstRand LimitedFST67.2167.270.09%
Momentum Metropolitan HoldingsMMT15.3715.601.50%
Old Mutual LtdOMM11.4311.510.70%
Sanlam LimitedSLA55.9156.501.06%
Santam LimitedSNM244.55253.403.62%
Vukile Property Fund LimitedVKN14.1714.220.35%
Investec LimitedIVD91.3791.490.13%
PSG Konsult LimitedKFS12.0011.85-1.25%

Table 3: Dual Listed Trades


NameETFsPrice Previous Close 'N$Price End of Day 'N$Daily Change %
New Gold Issuer Ltd NMNGNGLD278.22276.94-0.46%
New Gold Palladium ETFNGNPLD348.29361.513.80%
New Gold Platinum ETF NNGNPLT151.76150.93-0.55%
New Funds S&P NAM BondNFNAMA17.1617.13-0.17%

Table 4: ETFs


Exchange Rates 
USD/NAD16.60
EUR/NAD16.94
GBP/NAD20.07
EUR/GBP0.84
EUR/USD1.02
GBP/USD1.21
AUD/USD0.69
USD/JPY135.04
Commodities 
Gold1,803.90
Silver20.70
Platinum941.00  
Palladium2,200.02
WTI90.84
Brent96.72

Table 5: Exchange Rates and Commodities 


Local News

Prime Minister Saara Kungongelwa- Amadhila has denied Popular Democratic Movement (PDM) leader McHenry Venaani’s accusation that the government has failed in delivering housing (Namibian Sun)

The Namibia Students Financial Assistance Fund (NSFAF) is in court fighting to have a former employee return more than N$ #500,000 he allegedly transferred to a student(New Era Newspaper)

The Anti-Corruption Commission (ACC) is investigating how an official from the Ministry of Agriculture, Water and Land Reform allegedly privately benefited from an N$8 million drought- relief tender, while he was also involved in the procurement proceeds on the behalf of the government (The Namibian)

Sub-Sahara News

SA’s financial watchdog has ordered that five members of the board of trustees of the Private Security Sector Provident Fund (PSSPF) be removed for improper conduct. (News24)

The United States released a new strategy document for sub-Saharan Africa on Monday, stressing the region’s importance, the threats posed by China and Russia, and vowing to extend defense cooperation with like-minded African countries. (CNBC Africa)

Spelling out the Biden Administration's new strategy for sub-Saharan Africa on Monday, the United States Secretary of State, Antony J. Blinken, both declared that the U.S. and African nations should be "equal partners" and appealed for support for Ukraine's defense of its territorial integrity. (All Africa News)

International News

Ukraine reported intense Russian shelling across the frontlines on Tuesday as both sides traded blame for the weekend strike on the Zaporizhzhia nuclear complex which triggered international concern about a potential atomic disaster. (Reuters)

Asian stocks fell on Tuesday as worrying manufacturing data from across the globe raised concerns over a potential recession. (RTT News)

A “large group” of federal agents has entered Donald Trump’s Florida residence in an “unannounced raid”, the former US president said on his social media channel on Monday. (Aljazeera News)

Beverages Snapshot, Namibia

The manufacturing of beverages category consists of alcoholic and non-alcoholic beverages. This includes a range of soft beverages (water, juices), a range of non-alcoholic beverages (coffee, tea), and alcoholic beverages (beers, ciders). Although Namibia Breweries Limited (NBL) produces a variety of alcoholic beverages, beer is the most significant beverage comprising 95.2% of total volumes. According to the Namibia Breweries Limited (NBL) annual report 2021, the company exports products to 18 countries including South Africa and its workforce consisted of about 796 employees. The production of beverages contributed around 9.5% to manufacturing on average between 2010 and 2020 (See figure 1). The lowest production of beverages specifically beer was recorded in April and May 2020 as a result of a ban on alcohol as a means to curb the spread of Covid-19. The production picked up from October reaching its highest in December 2020 owing to the festive season (See figure 2)

Namibia has accumulatively imported products of this category worth N$ 2.5 billion while exports were valued at N$ 1.9 billion since May 2021. The highest import figure of N$ 270 million was recorded in November 2021 while the lowest figure of N$ 156 million was registered in July 2021. The country imported beverages products amounting to N$ 185 million during May 2022 while the exported products value amounted to N$ 119 million. The products imported comprised wine accounting for 22% of the total imports, followed by whiskies with 12%, and waters, mineral waters, and aerated waters accounting for 7%. These products were imported from countries such as Serbia (87.4%), followed by Sweden (5.3%), France (4.8%), and Tanzania (0.7%). The products exported comprised beer which accounted for 78% of the total exports, followed by whiskies with 11%, and other fermented beverages accounting for 1.1%. The top export destination for beverages was South Africa (94.0%) followed by the Democratic Republic of Congo (1.5%), Zimbabwe (1.2%), and Zambia (0.9%) (See figure 3).

Figure 1: Beverages % contribution to the Manufacturing Sector (2010 – 2020)

Source: Namibia Statistics Agency & HEI RESEARCH

Figure 2: Beverages Production (Jan 2020 – May 2022)

Source: Namibia Statistics Agency & HEI RESEARCH

Figure 3: Imports and Exports of Beverages products (N$) Value (May 2021 – May 2022)

Source: Namibia Statistics Agency & HEI RESEARCH

Copyright © HEI 2022
This is the right footer