Analysis
Total credit extended to the private sector (individuals and businesses) declined to N$ 108, 963 from N$ 109, 737 recorded in May 2022, which translates into a decline of 0.7%. The decline was driven by a drop in credit extended to businesses for the category of other loans and advances and the mortgages category for households. Additionally, the drop could also be attributed to a rise in the repo rate in June 2022 which resulted in a decrease in demand for credit for households and businesses. See figure 1 below. An increase in the repo rate has a negative impact on the demand for credit.
On an annual basis, total credit extended to the private sector increased by 3.3% up from 2.2% recorded in June 2021. An increase in the annual growth rate was mainly derived from growth recorded for installment and leasing for businesses and the uptake for other loans and advances for both households and businesses by 5.8% and 14.1% respectively. This is an indication that confidence is returning albeit at a slow pace. According to the Bank of Namibia, businesses in the energy, commercial, and mining sectors have become the main contributors to businesses’ credit growth due to the high demand for other loans and advances as it has been on an upward trajectory since June 2021. However, the demand for overdrafts for both households and businesses has declined significantly since the beginning of the year which speaks to the overall affordability and tightening of general spending. See Figures 3 & 4.
Figure 1: Annual % growth rates on Total Credit Extended to the Private Sector vs. Repo Rate, (January 2019- June 2022)
Figure 2: Individuals vs. Businesses Instalment and Leasing, Annual % Changes, (June 2021-June 2022)
Figure 3: Annual % changes for Credit Extended to Businesses per category, (June 2021-June 2022)
Figure 3: Annual % changes for Credit Extended to Individuals per category, (June 2021-June 2022)
Outlook
The current interest rate hike cycle means that the Bank of Namibia will increase the repo rate at its next MPC meeting. This could mean a further tightening of household and business credit. We expect a sluggish recovery in credit extension in the short to medium term.
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 120,555.00 | 9,249,662.50 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 120,555.00 | 9,249,662.50 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 9,249,662.50 worth of shares was traded on the NSX on Friday, with N$ 2,068,350 worth of FirstRand Namibia Ltd on the home front No ETFs were traded on Friday
HEI Equity Research Commentary
From the trading activity that took place:
- A mild day with no trading activity occurred on the JSE
- On the local NSX listing, shares belonging FirstRand Namibia Ltd exchanged hands on the local bourse resulting in no change in share price at closing, despite having over N$9 million worth of shares
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.01 | 40.01 | 0.00% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 11.01 | 11.01 | 0.00% |
| First Rand Namibia | FNB | 30.00 | 30.00 | 0.00% |
| Standard Bank Namibia | SNO | 4.37 | 4.37 | 0.00% |
| Oryx Limited | ORY | 10.26 | 10.26 | 0.00% |
| Letshego | LHN | 2.46 | 2.46 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 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 | 7.98 | 7.98 | 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 | 576.75 | 593.67 | 2.93% |
| B2Gold Corporation | B2G | 57.58 | 57.23 | -0.61% |
| Oceana Group Limited | OCG | 47.40 | 48.80 | 2.95% |
| Mediclinic International Plc | MEP | 100.43 | 100.40 | -0.03% |
| Truworths | TRW | 50.76 | 51.00 | 0.47% |
| Nedbank Group Limited | NBK | 212.97 | 218.46 | 2.58% |
| Standard Bank Group | SNB | 162.89 | 166.60 | 2.28% |
| Shoprite Holdings | SRH | 220.85 | 227.10 | 2.83% |
| FirstRand Limited | FST | 66.18 | 67.21 | 1.56% |
| Momentum Metropolitan Holdings | MMT | 15.07 | 15.37 | 1.99% |
| Old Mutual Ltd | OMM | 11.14 | 11.43 | 2.60% |
| Sanlam Limited | SLA | 54.70 | 55.91 | 2.21% |
| Santam Limited | SNM | 243.73 | 244.55 | 0.34% |
| Vukile Property Fund Limited | VKN | 14.13 | 14.17 | 0.28% |
| Investec Limited | IVD | 89.08 | 91.37 | 2.57% |
| PSG Konsult Limited | KFS | 11.75 | 12.00 | 2.13% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 278.53 | 278.22 | -0.11% |
| New Gold Palladium ETF | NGNPLD | 338.63 | 348.29 | 2.85% |
| New Gold Platinum ETF N | NGNPLT | 150.20 | 151.76 | 1.04% |
| New Funds S&P NAM Bond | NFNAMA | 17.14 | 17.16 | 0.12% |
Table 4: ETFs
| Exchange Rates | |
| USD/NAD | 16.79 |
| EUR/NAD | 17.09 |
| GBP/NAD | 20.27 |
| EUR/GBP | 0.84 |
| EUR/USD | 1.01 |
| GBP/USD | 1.21 |
| AUD/USD | 0.69 |
| USD/JPY | 135.22 |
| Commodities | |
| Gold | 1,788.25 |
| Silver | 19.84 |
| Platinum | 924.70 |
| Palladium | 2,119.77 |
| WTI | 89.10 |
| Brent | 95.03 |
Table 5: Exchange Rates and Commodities
Local News
The Namibia Financial Institutions Supervisory Authority (Namfisa) ordered non-banking financial institutions (NBFIs) to pay back a total amount of about N$1.3 million to consumers during the first quarter of 2022 (Namibian Sun)
A South African-owned insurance company has refuted allegations made by a northern businessman over a disputed insurance claim, (New Era Newspaper)
The recent cold weather in the country has Etunda fresh producers concerned as it has destroyed crops (The Namibian)
Sub-Sahara News
The Air Services Licensing Council has suspended two air services licenses issued to low-cost airline Mango, a subsidiary of South African Airways. (News24)
Zambia’s Finance Minister Situmbeko Musokotwane said on Friday that the International Monetary Fund’s executive board was expected to meet at the end of the month to approve a lending plan. (CNBC Africa)
Nigerian governors advised the President Muhammadu Buhari-led government to take some urgent steps as part of coordinated efforts to instill fiscal discipline and prevent the nation from economic collapse (All Africa News)
International News
Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt the demand outlook and data pointed to a slow recovery in China's crude imports last month (Reuters)
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as traders react to the latest batch of earnings news from big-name companies. (RTT News)
Renewed Russian shelling damaged three radiation sensors and wounded a worker at the Zaporizhzhia power plant in the second such strike in consecutive days, Ukraine said on Sunday... (Aljazeera News)
Executive Summary
| Export | Export | Import | Import | Trade Deficit | Trade Deficit |
| June 2021 N$ 6.9billion | June 2022 N$ 7.9 billion | June 2021 N$ 8.3 billion | June 2022 N$ 10.4 billion | June 2021 N$ 1.4 billion | June 2022 N$ 2.4 billion |
| Top 5 export products | Top 5 Import Products |
| Precious stones (Diamonds) Uranium Fish Non-monetary gold Petroleum oils | Petroleum oils Inorganic chemical elements Civil engineering and contractors Precious stones (Diamonds) Fertilizers |
| Export destination | % Share of Export |
| Botswana South Africa France China Spain | 19.6 18.3 9.0 7.4 6.4 |
| Import Mode of Transport | % Share |
| Road Sea Air Inland Waterways Rail | 52.2 43.5 4.4 0.0 0.0 |
| Main Source of Import for Namibia | % Share of Import |
| South Africa India China Democratic Republic Of Congo Saudi Arabia | 35.3 19.2 7.2 5.5 2.7 |
Analysis
- Total export earnings increased by 26% for June 2022 when compared to that of May 2022. This was influenced by an increase in the exports of petroleum oils, uranium, precious stones (diamonds), ores, and concentrates of base metals
- On an annual basis, total export earnings increased by 15.1 % year on year. This resulted from an increase in the exports earnings recorded for commodities such as precious stones (diamonds), non-monetary gold, petroleum oils, and inorganic chemical elements
- Import bill declined by 15.9% for June 2022 when compared to May 2022. This was attributed to a decline in the import of copper ores and concentrates, sugars, molasses and honey, sulfur and unroasted iron pyrites, civil engineering, and contractors' equipment
- On an annual basis, the total import bill increased by 24.8 % year on year. This was influenced by an increase in the importation of petroleum oils, inorganic chemical elements, fertilizers, civil engineering, and contractors' equipment (See figure 1 below)
- The trade balance increased by 20.4% for June 2022 in relation to the same period last year (See figure 2)
Figure 1: Export and Import value N$ million, (June 2021 – June 2022)
Figure 2: Trade Balance (June 2021 – June 2022)
Outlook
The trade deficit improved in relation to the previous month. This was influenced by a decline in imports augmented by a significant growth recorded for exports. The decline in imports was also influenced by fewer imports of productive assets such as civil engineering and contractor’s equipment which is a reflection of a contraction in the construction sector. The growth recorded in export earnings was influenced by global inflationary pressures augmented by the weaker value of the Rand against the USD for June 2022. The continuous global economic impediments coupled with the foreseen global recession might push the import bill up and hence widen the trade deficit in the short to medium term.
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 839,618.00 | 35,841,677.76 | 99.59% |
| ETFs | 1,023.00 | 146,810.73 | 0.41% |
| Total | 840,641.00 | 35,988,488.49 | 100.00 |
Table 1: NSX Trades
NSX Activities
A total of N$ 35,841,677.76 worth of shares was traded on the NSX on Thursday, with about N$ 2,469,977 worth of Anglo-American plc and N$ 546,686 worth of Mobile Telecommunications on the home front. ETFs worth N$ 146,810.73 were traded on Thursday.
HEI Equity Research Commentary
From the trading activity that took place:
- Anglo-American plc share price increased significantly as index yield closed in greens on the JSE
- On the local NSX listing, shares belonging to Mobile Telecommunications exchanged hands on the local bourse resulting in a slight decrease at closing.
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.00 | 40.01 | 0.02% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 11.01 | 11.01 | 0.00% |
| First Rand Namibia | FNB | 30.01 | 30.00 | -0.03% |
| Standard Bank Namibia | SNO | 4.34 | 4.37 | 0.69% |
| Oryx Limited | ORY | 10.25 | 10.26 | 0.10% |
| Letshego | LHN | 2.45 | 2.46 | 0.41% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 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 | 7.99 | 7.98 | -0.13% |
| 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 | 569.03 | 576.75 | 1.36% |
| B2Gold Corporation | B2G | 57.16 | 57.58 | 0.73% |
| Oceana Group Limited | OCG | 45.70 | 47.40 | 3.72% |
| Mediclinic International Plc | MEP | 98.65 | 100.43 | 1.80% |
| Truworths | TRW | 50.27 | 50.76 | 0.97% |
| Nedbank Group Limited | NBK | 218.15 | 212.97 | -2.37% |
| Standard Bank Group | SNB | 159.47 | 162.89 | 2.14% |
| Shoprite Holdings | SRH | 222.06 | 220.85 | -0.54% |
| FirstRand Limited | FST | 66.40 | 66.18 | -0.33% |
| Momentum Metropolitan Holdings | MMT | 15.11 | 15.07 | -0.26% |
| Old Mutual Ltd | OMM | 11.27 | 11.14 | -1.15% |
| Sanlam Limited | SLA | 54.59 | 54.70 | 0.20% |
| Santam Limited | SNM | 241.83 | 243.73 | 0.79% |
| Vukile Property Fund Limited | VKN | 14.23 | 14.13 | -0.70% |
| Investec Limited | IVD | 89.64 | 89.08 | -0.62% |
| PSG Konsult Limited | KFS | 11.70 | 11.75 | 0.43% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 277.01 | 278.53 | 0.55% |
| New Gold Palladium ETF | NGNPLD | 328.54 | 338.63 | 3.07% |
| New Gold Platinum ETF N | NGNPLT | 145.04 | 150.20 | 3.56% |
| New Funds S&P NAM Bond | NFNAMA | 17.01 | 17.14 | 0.76% |
Table 4: ETFs
| Exchange Rates | |
| USD/NAD | 16.61 |
| EUR/NAD | 17.00 |
| GBP/NAD | 20.17 |
| EUR/GBP | 0.84 |
| EUR/USD | 1.02 |
| GBP/USD | 1.21 |
| AUD/USD | 0.69 |
| USD/JPY | 133.16 |
| Commodities | |
| Gold | 1,808.45 |
| Silver | 20.242 |
| Platinum | 930.70 |
| Palladium | 2,081.02 |
| WTI | 88.80 |
| Brent | 94.25 |
Table 5: Exchange Rates and Commodities
Local News
Liquidators David Bruni and Ian McLaren have asked the Windhoek High Court to relieve them of their duties as curators bonis of assets owned by the Fishrot accused, claiming they do not have adequate capacity to execute their mandate (Namibian Sun)
The government increased its offer from the initial N$334 million to over N$924 million, meaning a 3% basic salary across the board, housing allowance for civil servants, below management by 11%, and transport allowance by 14% (New Era Newspaper)
Local econ0omists say big oil companies are taking advantage of the Russia-Ukaraine crisis earning about N$854.3 billion in the recent quarter (The Namibian)
Sub-Sahara News
US investors with more than $1 trillion (nearly R17 trillion) of assets under management are in South Africa to look for investment opportunities (News24)
The Bank of England on Thursday hiked interest rates by 50 basis points, its largest single increase since 1995, and projected the U.K.’s longest recession since the global financial crisis (CNBC Africa)
Rwanda has termed the allegedly leaked United Nations Group of Experts (UNGoE) report accusing the country of supporting the DR Congo rebel group, M23, as a tactical distraction from the real issues. (All Africa News)
International News
Three ships carrying a total of 58,041 tonnes of corn have been authorized to leave Ukrainian ports on Friday as part of a deal to unblock grain exports, as a Russian offensive forced Ukraine to cede territory in the east. (Reuters)
European stock markets are expected to open on a positive note on Friday amidst data that showed the U.S. economy contracting by 0.90 percent in the second quarter, which triggered both fears of a recession as well as hopes of a slowdown in the Fed's rate hiking spree. (RTT News)
On August 9, 22.1 million registered Kenyans will go to the polls to elect the country’s fifth president and successor to the incumbent Uhuru Kenyatta.. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 24,270.00 | 995,220.00 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 24,270.00 | 995,220.00 | 100.00 |
Table 1: NSX Trades
NSX Activities
A total of N$ 995,220.00 worth of shares was traded on the NSX on Wednesday, with about N$ 134,772 worth of Anglo-American plc and N$ 61,363 worth of Mobile Telecommunications on the home front. No ETFs were traded on Wednesday.
HEI Equity Research Commentary
From the trading activity that took place:
- Anglo-American plc share price increased significantly as index yield closed in greens on the JSE
- On the local NSX listing, shares belonging to Mobile Telecommunications exchanged hands on the local bourse resulting in a slight decrease at closing.
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.00 | 40.00 | 0.00% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 11.01 | 11.01 | 0.00% |
| First Rand Namibia | FNB | 30.01 | 30.01 | 0.00% |
| Standard Bank Namibia | SNO | 4.34 | 4.34 | 0.00% |
| Oryx Limited | ORY | 10.25 | 10.25 | 0.00% |
| Letshego | LHN | 2.45 | 2.45 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 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 | 8.00 | 7.99 | -0.12% |
| Alpha Namibia Industries Renewable Power Limited | ANE | 9.00 | 9.00 | 0.00% |
Table 2: Primary listed Trades
| Name | South African Dual Listed Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Anglo-American plc | ANM | 566.00 | 569.03 | 0.54% |
| B2Gold Corporation | B2G | 57.50 | 57.16 | -0.59% |
| Oceana Group Limited | OCG | 46.01 | 45.70 | -0.67% |
| Mediclinic International Plc | MEP | 98.40 | 98.65 | 0.25% |
| Truworths | TRW | 49.15 | 50.27 | 2.28% |
| Nedbank Group Limited | NBK | 214.23 | 218.15 | 1.83% |
| Standard Bank Group | SNB | 156.16 | 159.47 | 2.12% |
| Shoprite Holdings | SRH | 222.57 | 222.06 | -0.23% |
| FirstRand Limited | FST | 64.96 | 66.40 | 2.22% |
| Momentum Metropolitan Holdings | MMT | 14.86 | 15.11 | 1.68% |
| Old Mutual Ltd | OMM | 11.05 | 11.27 | 1.99% |
| Sanlam Limited | SLA | 53.22 | 54.59 | 2.57% |
| Santam Limited | SNM | 236.00 | 241.83 | 2.47% |
| Vukile Property Fund Limited | VKN | 14.10 | 10.25 | -27.30% |
| Investec Limited | IVD | 88.59 | 89.64 | 1.19% |
| PSG Konsult Limited | KFS | 11.50 | 11.70 | 1.74% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 271.46 | 275.82 | 1.61% |
| New Gold Palladium ETF | NGNPLD | 353.06 | 332.54 | -5.81% |
| New Gold Platinum ETF N | NGNPLT | 144.32 | 145.16 | 0.58% |
| New Funds S&P NAM Bond | NFNAMA | 16.94 | 17.04 | 0.59% |
Table 4: ETFs
| Exchange Rates | |
| USD/NAD | 16.74 |
| EUR/NAD | 17.01 |
| GBP/NAD | 20.34 |
| EUR/GBP | 0.83 |
| EUR/USD | 1.01 |
| GBP/USD | 1.21 |
| AUD/USD | 0.69 |
| USD/JPY | 133.76 |
| Commodities | |
| Gold | 1,784.30 |
| Silver | 19.97 |
| Platinum | 890.80 |
| Palladium | 1,993.28 |
| WTI | 91.16 |
| Brent | 97.19 |
Table 5: Exchange Rates and Commodities
Local News
The US dollar remained elevated yesterday following its biggest surge in three weeks against major peers overnight, with Federal Reserve officials talking up the potential for a further hike in the interest rate. (Namibian Sun)
A workshop leading to a project launch of ‘Decent Work in Trade and Investment Agreements: Role and Actions of Trade Unions in Africa’ was concluded in Windhoek recently. (New Era Newspaper)
Affirmative Repositioning leader Job Amupanda has withdrawn from the Financial Institutions and Markets Act (Fima) technical committee. (The Namibian)
Sub-Sahara News
A UK government ban on Bain & Co. from competing for state contracts sets an important precedent for the handling of companies found to have assisted with corruption overseas, according to lawmaker Peter Hain (News24)
Emerging markets posted a fifth straight month of portfolio outflows in July, setting the longest such streak in records going back to 2005, as global recession risk, inflation, and a strong dollar drew away cash, data from the Institute of International Finance (IIF) showed on Wednesday. (CNBC Africa)
Stage two power cuts will return today and tomorrow due to a shortage of generation capacity, Eskom has confirmed. The blackouts will be implemented between 4 pm and midnight on both days. The power cuts return after a run of almost two weeks without it. (All Africa News)
International News
Ukraine said Russia had started creating a military strike force aimed at President Volodymyr Zelenskiy's hometown of Kryvyi Rih, as NATO moved closer to the most significant expansion of the alliance in decades as it responds to the invasion of Ukraine. (Reuters)
Asian stocks advanced on Thursday after the U.S. Federal Reserve announced a 75 basis point rate hike. (RTT News)
German Chancellor Olaf Scholz says Russia has no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that was serviced in Canada but has since been stranded in Germany in an escalating energy standoff. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 71,796.00 | 6,589,379.21 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 71,796.00 | 6,589,379.21 | 100.00 |
Table 1: NSX Trades
NSX Activities
A total of N$ 6,589,379.21 worth of shares was traded on the NSX on Tuesday, with about N$ 1,215,549 worth of Anglo-American plc and N$ 12,658 worth of Mobile Telecommunications on the home front. No ETFs were traded on Tuesday
HEI Equity Research Commentary
From the trading activity that took place:
- Anglo-American plc share price decreased at closing as overall bearish market conditions emerges as a result of Nancy Pelosi’s visitation to Taiwan
- On the local NSX listing, shares belonging to Mobile Telecommunications exchanged hands on the local bourse resulting in a 6.2% increase in share price at closing
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.00 | 40.00 | 0.00% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 11.01 | 11.01 | 0.00% |
| First Rand Namibia | FNB | 30.01 | 30.01 | 0.00% |
| Standard Bank Namibia | SNO | 4.34 | 4.34 | 0.00% |
| Oryx Limited | ORY | 10.25 | 10.25 | 0.00% |
| Letshego | LHN | 2.45 | 2.45 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 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 | 7.53 | 8.00 | 6.24% |
| 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 | 577.98 | 566.00 | -2.07% |
| B2Gold Corporation | B2G | 58.26 | 57.50 | -1.30% |
| Oceana Group Limited | OCG | 48.49 | 46.01 | -5.11% |
| Mediclinic International Plc | MEP | 98.19 | 98.40 | 0.21% |
| Truworths | TRW | 50.82 | 49.15 | -3.29% |
| Nedbank Group Limited | NBK | 216.24 | 214.23 | -0.93% |
| Standard Bank Group | SNB | 159.11 | 156.16 | -1.85% |
| Shoprite Holdings | SRH | 223.54 | 222.57 | -0.43% |
| FirstRand Limited | FST | 65.51 | 64.96 | -0.84% |
| Momentum Metropolitan Holdings | MMT | 14.76 | 14.86 | 0.68% |
| Old Mutual Ltd | OMM | 11.29 | 11.05 | -2.13% |
| Sanlam Limited | SLA | 54.33 | 53.22 | -2.04% |
| Santam Limited | SNM | 242.98 | 236.00 | -2.87% |
| Vukile Property Fund Limited | VKN | 14.24 | 14.10 | -0.98% |
| Investec Limited | IVD | 89.53 | 88.59 | -1.05% |
| PSG Konsult Limited | KFS | 11.81 | 11.50 | -2.62% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 271.46 | 275.82 | 1.61% |
| New Gold Palladium ETF | NGNPLD | 353.06 | 332.54 | -5.81% |
| New Gold Platinum ETF N | NGNPLT | 144.32 | 145.16 | 0.58% |
| New Funds S&P NAM Bond | NFNAMA | 16.94 | 17.04 | 0.59% |
Table 4: ETFs
| Exchange Rates | |
| USD/NAD | 16.75 |
| EUR/NAD | 17.05 |
| GBP/NAD | 20.40 |
| EUR/GBP | 0.83 |
| EUR/USD | 1.01 |
| GBP/USD | 1.22 |
| AUD/USD | 0.69 |
| USD/JPY | 133.01 |
| Commodities | |
| Gold | 1,783.70 |
| Silver | 19.94 |
| Platinum | 903.70 |
| Palladium | 2,084.50 |
| WTI | 94.16 |
| Brent | 100.18 |
Table 5: Exchange Rates and Commodities
Local News
The Communications Regulatory Authority of Namibia (CRAN) has published its Request Bid documents for the spectrum auction for a number of bands (Namibian Sun)
Based on regional findings on digital transformation, the lack of electricity and connectivity devices remains a challenge in most of Namibia’s rural schools. (New Era Newspaper)
The chairperson of the TransNamib board, Lionel Matthews, says the Ministry of Finance needs to optimally deploy N$175 million to the parastatal in the short term for it to be able to carry out some of its activities. (The Namibian)
Sub-Sahara News
National Treasury has backed Finance Minister Enoch Godongwana's prominent involvement in public service wage talks. This should not be seen as exceptional, (News24)
The principle that the South African government will take on some of state power utility Eskom’s debt has been agreed upon, but there is no consensus over how much, the finance minister said on Monday. (CNBC Africa)
Kenya is struggling with its public debt, a heavy burden to the long-suffering citizens. Debt servicing currently sits at 65% of the total national budget. For every 100 shillings that the government has been collecting, 65 shillings have been going to debt repayment. As the debt spirals out of control, the corresponding poverty level is rising sharply. (All Africa News)
International News
China furiously condemned the highest-level U.S. visit to Taiwan in 25 years as House of Representatives Speaker Nancy Pelosi hailed the self-ruled island as "one of the freest societies in the world" in a speech to the parliament in Taipei on Wednesday. (Reuters)
European stocks may open a tad higher on Wednesday after Alphabet Inc., Microsoft Corp., and Texas Instruments Inc. all posted double-digit quarterly revenue growth (RTT News)
Russia has accused the United States of direct involvement in the Ukraine war, as the first ship carrying Ukrainian grain to world markets since Moscow’s invasion continued its passage to Lebanon without problems. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 264,499.00 | 23,144,723.78 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 264,499.00 | 23,144,723.78 | 100.00 |
Table 1: NSX Trades
NSX Activities
A total of N$ 23,144,723.78 worth of shares was traded on the NSX on Monday, with about N$ 2,782,760 worth of Anglo-American plc and N$ 286,539 worth of Oryx Properties Limited on the home front. No ETFs were traded on Monday
HEI Equity Research Commentary
From the trading activity that took place:
- Anglo-American plc share price decreased at closing as market participants dumps shares. Resulting in a 3.6% decline at closing.
- On the local NSX listing, shares belonging to Oryx Properties Limited were traded with no change in share price
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.00 | 40.00 | 0.00% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 11.01 | 11.01 | 0.00% |
| First Rand Namibia | FNB | 30.01 | 30.01 | 0.00% |
| Standard Bank Namibia | SNO | 4.34 | 4.34 | 0.00% |
| Oryx Limited | ORY | 10.25 | 10.25 | 0.00% |
| Letshego | LHN | 2.65 | 2.45 | -7.55% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 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 | 7.53 | 7.53 | 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 | 599.36 | 577.98 | -3.57% |
| B2Gold Corporation | B2G | 56.86 | 58.26 | 2.46% |
| Oceana Group Limited | OCG | 48.77 | 48.49 | -0.57% |
| Mediclinic International Plc | MEP | 97.00 | 98.19 | 1.23% |
| Truworths | TRW | 51.19 | 50.82 | -0.72% |
| Nedbank Group Limited | NBK | 216.90 | 216.24 | -0.30% |
| Standard Bank Group | SNB | 159.99 | 159.11 | -0.55% |
| Shoprite Holdings | SRH | 224.24 | 223.54 | -0.31% |
| FirstRand Limited | FST | 65.55 | 65.51 | -0.06% |
| Momentum Metropolitan Holdings | MMT | 14.64 | 14.76 | 0.82% |
| Old Mutual Ltd | OMM | 11.34 | 11.29 | -0.44% |
| Sanlam Limited | SLA | 54.51 | 54.33 | -0.33% |
| Santam Limited | SNM | 243.62 | 242.98 | -0.26% |
| Vukile Property Fund Limited | VKN | 14.20 | 14.24 | 0.28% |
| Investec Limited | IVD | 88.73 | 89.53 | 0.90% |
| PSG Konsult Limited | KFS | 11.89 | 11.81 | -0.67% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 272.83 | 271.46 | -0.50% |
| New Gold Palladium ETF | NGNPLD | 339.20 | 353.06 | 4.09% |
| New Gold Platinum ETF N | NGNPLT | 142.85 | 144.32 | 1.03% |
| New Funds S&P NAM Bond | NFNAMA | 17.04 | 16.94 | -0.59% |
Table 4: ETFs
| Exchange Rates | |
| USD/NAD | 16.53 |
| EUR/NAD | 16.99 |
| GBP/NAD | 20.27 |
| EUR/GBP | 0.83 |
| EUR/USD | 1.02 |
| GBP/USD | 1.22 |
| AUD/USD | 0.70 |
| USD/JPY | 130.82 |
| Commodities | |
| Gold | 1,790.30 |
| Silver | 20.21 |
| Platinum | 903.70 |
| Palladium | 2,200.02 |
| WTI | 93.27 |
| Brent | 99.21 |
Table 5: Exchange Rates and Commodities
Local News
Kavango East and West regional governors backed their regional councils and traditional leaders, and have rejected Cabinet’s plan to outsource green schemes in their regions. (Namibian Sun)
The Gobabis municipality, struggling to provide basic services to residents, is paying six suspended senior managers millions while they sit idle at home, waiting to be charged for over a year. (New Era Newspaper)
Citizens can still borrow from their pension to build or renovate their houses, even under the yet-to-be-operationalized Financial Institutions and Market Act (FIMA), the Namibia financial institution Supervisory Authority (NAMFISA) has said. (The Namibian)
Sub-Sahara News
Much to the chagrin of at least one union, Finance Minister Enoch Godongwana is set to play a more prominent in the ongoing public service wage negotiations as the government looks to make savings on its biggest spending item. (News24)
OPEC’s new secretary general said that Russia’s membership in OPEC+ is vital for the success of the agreement, Kuwait’s Alrai newspaper reported on Sunday, quoting an exclusive interview with Haitham al-Ghais. (CNBC Africa)
As of August 1, 2022, confirmed cases of Covid-19 from 55 African countries reached 12,081,564 while 353,852,714 vaccinations have been administered across the continent. (All Africa News)
International News
The United States killed al Qaeda leader Ayman al-Zawahiri in a strike in Afghanistan over the weekend, President Joe Biden said on Monday, the biggest blow to the militant group since its founder Osama bin Laden was killed in 2011. (Reuters)
European stocks may open flat to slightly lower on Tuesday after a profit warning from top U.S. retailer Walmart provided further evidence of a consumer spending pullback. (RTT News)
Nuclear threats emanating from the war in Ukraine as well as in Asia and the Middle East have put the world “one miscalculation away from nuclear annihilation”, the United Nations secretary-general said. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 305,467.00 | 12,566,737.75 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 305,467.00 | 12,566,737.75 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$12,566,737.75 worth of shares was traded on the NSX on Friday, with about N$ 740,942 worth of Oceana Group Limited and N$ 4,113,760 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:
- Oceana Group's share price decreased at closing as market participants dumps shares.
- On the local NSX listing, shares belonging to Namibia Breweries were traded with no change in share price
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.00 | 40.00 | 0.00% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 11.50 | 11.01 | -4.26% |
| First Rand Namibia | FNB | 30.01 | 30.01 | 0.00% |
| Standard Bank Namibia | SNO | 4.32 | 4.34 | 0.46% |
| Oryx Limited | ORY | 10.25 | 10.25 | 0.00% |
| Letshego | LHN | 2.65 | 2.65 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 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 | 7.53 | 7.53 | 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 | 572.38 | 599.36 | 4.71% |
| B2Gold Corporation | B2G | 56.11 | 56.86 | 1.34% |
| Oceana Group Limited | OCG | 50.26 | 48.77 | -2.96% |
| Mediclinic International Plc | MEP | 97.50 | 97.00 | -0.51% |
| Truworths | TRW | 51.41 | 51.19 | -0.43% |
| Nedbank Group Limited | NBK | 215.43 | 216.90 | 0.68% |
| Standard Bank Group | SNB | 159.65 | 159.99 | 0.21% |
| Shoprite Holdings | SRH | 226.50 | 224.24 | -1.00% |
| FirstRand Limited | FST | 65.90 | 65.55 | -0.53% |
| Momentum Metropolitan Holdings | MMT | 14.73 | 14.64 | -0.61% |
| Old Mutual Ltd | OMM | 11.30 | 11.34 | 0.35% |
| Sanlam Limited | SLA | 54.59 | 54.51 | -0.15% |
| Santam Limited | SNM | 245.94 | 243.62 | -0.94% |
| Vukile Property Fund Limited | VKN | 14.52 | 14.20 | -2.20% |
| Investec Limited | IVD | 87.17 | 88.73 | 1.79% |
| PSG Konsult Limited | KFS | 12.14 | 11.89 | -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 | 271.14 | 272.83 | 0.62% |
| New Gold Palladium ETF | NGNPLD | 335.74 | 339.20 | 1.03% |
| New Gold Platinum ETF N | NGNPLT | 142.37 | 142.85 | 0.34% |
| New Funds S&P NAM Bond | NFNAMA | 16.93 | 17.04 | 0.65% |
Table 4: ETFs
| Exchange Rates | |
| USD/NAD | 16.16 |
| EUR/NAD | 17.03 |
| GBP/NAD | 20.29 |
| EUR/GBP | 0.83 |
| EUR/USD | 1.02 |
| GBP/USD | 1.21 |
| AUD/USD | 0.69 |
| USD/JPY | 132.56 |
| Commodities | |
| Gold | 1,778.40 |
| Silver | 20.18 |
| Platinum | 888.20 |
| Palladium | 2,099.52 |
| WTI | 97.50 |
| Brent | 103.29 |
Table 5: Exchange Rates and Commodities
Local News
Around 11,000 hectares of land are currently irrigated, with 40% land area that can still potentially be irrigated. (Namibian Sun)
Swapo has not veered off its original mission, but instead continuously adapts to contemporary realities to remain at the forefront of fighting for social justice and economic emancipation for all (New Era Newspaper)
An overwhelming number of government employees across the country last week voted in favor of a civil servant strike over salary increments (The Namibian)
Sub-Sahara News
Unions striking at the South African Revenue Service (SARS) have vowed to continue with their industrial action this week, but have said they remain open to resuming discussions if the tax body comes forward to them with a meaningful offer. (News24)
South Africa’s ruling African National Congress (ANC) party reaffirmed its position that the central bank should be nationalized during a policy conference over the past three days, President Cyril Ramaphosa said on Sunday. (CNBC Africa)
CNN published an investigation that had been seven months in the making disclosing how "Russia is plundering gold in Sudan to boost Putin's war effort in Ukraine" with the complicity of Sudanese military rulers. (All Africa News)
International News
The head of Myanmar's junta on Monday blamed instability for stalling efforts to implement a peace plan agreed with other Southeast Asian countries as he extended emergency rule for another six months. (Reuters)
Asian stocks ended broadly lower on Monday as weak business activity data from Europe and the United States coupled with anxiety about China's property market added to worries about a recession. (RTT News)
Kosovo’s government has postponed for a month the implementation of new border rules that sparked tensions in the north of the country where ethnic Serbs blocked roads and unknown gunmen fired on police (Aljazeera News)