Author: hei

Table 1: NSX Trades

NSX Activities

A total of N$12,454,425.31 worth of shares was traded on the NSX on Wednesday, with about N$ 8,551,186 worth of Anglo-American plc and N$      2,334,376 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Wednesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American’s share price decreased resulting in an N$ 8,5 million sell-off of shares
• On the local NSX listing, shares belonging to SBN Holdings Ltd were traded with a decline in share price by 0.5% at closing.

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Trade Union Congress of Namibia (TUENA) secretary-general Mahongora Kavihuha says a possible strike by Namibian civil servants will have a minimal effect on the economy (Namibian Sun)

African Deli, the renowned Namibian company that specializes in ready-to-eat food products, is set to take Africa by storm with its latest addition to their readily available food delicacies. (New Era Newspaper)

A manager at the national postal service NamPost has filed a police case of fraud and money laundering against officials who have allegedly transferred N$3.2 million from the parastatal to private accounts. (The Namibian)

Sub-Sahara News

Eskom's pension fund has accused the power utility's former head, Brian Molefe, of trying to delay his obligation to pay it R10 million (News24)

The executive director of South Africa’s Presidential Commission on Climate Change called the country’s coal industry “delusional” on Wednesday, saying the market for fossil fuels is going to dwindle rapidly in the next decade. (CNBC Africa)

As of July 27, 2022, confirmed cases of Covid-19 from 55 African countries reached  12,073,092 while  353,455,779 vaccinations have been administered across the continent. (All Africa News)

International News

Russian forces took over Ukraine's second-biggest power plant and are conducting a "massive redeployment" of troops to three southern regions, a Ukrainian presidential adviser said, amid expectations of a Ukrainian counter-offensive. (Reuters)

European stocks are seen opening slightly lower on Thursday as the region anxiously awaits the return of Russian gas supplies after a 10-day halt for annual maintenance. (RTT News)

In a speech to mark the armistice that ended fighting in the Korean War, known as ‘Victory Day’ in North Korea, Kim Jong Un said the threat posed by the United States required Pyongyang to build up its defense. (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 102,489,945.25 worth of shares was traded on the NSX on Tuesday, with about N$ 14,048,641 worth of Anglo-American plc and N$     1,057,448 worth of Letshego Holdings on the home front. No ETFs were traded on Tuesday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American’s share price increased resulting in a huge sum of subscriptions by investors
• On the local NSX listing, shares belonging to Letshego Holdings were traded with an increase in share price by 8.2% at closing.

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Labor minister Utooni Nujoma and his education counterpart Anna Nghipondoka have voiced concerns over a national shutdown emanating from a possible strike by civil servants across all industries, with the latter telling teachers to “think about the children”. (Namibian Sun)

A local fish trader, who allegedly squandered over N$2 million within two months, now faces the full wrath of the law after alleged dealings landed him in jail. (New Era Newspaper)

Opportunities are increasing for Namibia to position itself as an alternative logistics gateway for Southern African Development Community countries, but a lack of government officials and short operating hours have led to congestion at the borders. (The Namibian)

Sub-Sahara News

The National Union of Metalworkers of South Africa's (Numsa) special central committee (SCC) meeting on Tuesday resolved to appeal the Labour Court's interdict against the union's controversial congress this week and decided that the event would proceed on Wednesday (News24)

Ugandan President Yoweri Museveni said on Tuesday he saw no reason to criticize Russia over the invasion of Ukraine, extolling Russian-African friendship in remarks that will have delighted his visitor, Russia’s Foreign Minister Sergei Lavrov. (CNBC Africa)

As of July 26, 2022, confirmed cases of Covid-19 from 55 African countries reached  12,055,243 while  353,449,054 vaccinations have been administered across the continent. (All Africa News)

International News

Australian inflation sped to a 21-year high last quarter and is likely to accelerate even further as food and energy costs explode, stoking speculation interest rates will need to more than double to bring the outbreak under control. (Reuters)

Asian stocks posted strong gains on Wednesday after Wall Street rallied to its best day in more than three weeks overnight, helped by reasonably healthy corporate earnings (RTT News)

Taipei, Taiwan, and Kuala Lumpur, Malaysia – More than a decade after the Fukushima disaster shattered confidence in nuclear power, Asia is undergoing a nuclear renaissance. (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 231,405,066.28 worth of shares was traded on the NSX on Monday, with about N$   2,960,580 worth of Anglo-American plc and N$    265,390   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’s share price increased resulting in a huge sum of subscriptions by investors
• On the local NSX listing, shares belonging to Oryx Properties Limited declined for the first time signaling the end of its bullish trend as shares were sold off at closing yesterday.

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Post-retirement healthcare provision is costing the City of Windhoek-which has made cumulative losses of N$ 3.2 billion in nine years- N$2.3 million per month, which amounts to N$27 million annually. (Namibian Sun)

Residents in the Zambezi have opted to buy smuggled maize meals from Zambia entering via non-designated border points because it is cheaper than locally produced maize. (New Era Newspaper)

Despite the country experiencing its worst covid-19 wave last year, the tourism industry managed to attract 232,756 tourists (The Namibian)

Sub-Sahara News

On Monday night, President Cyril Ramaphosa announced new emergency measures to deal with South Africa’s electricity crisis. (News24)

Russian Foreign Minister Sergei Lavrov visited the Congo Republic on Monday, the second leg of an African tour aimed at strengthening Moscow’s ties with a continent that has refused to join Western condemnation and sanctions over Russia’s invasion of Ukraine. (CNBC Africa)

As of July 25, 2022, confirmed cases of Covid-19 from 55 African countries reached 12,051,430 while 353,449,054 vaccinations have been administered across the continent. (All Africa News)

International News

President Donald Trump crossed out sentences that distanced him from the rioters who attacked the U.S. Capitol on Jan. 6, 2021, and refused to call for their prosecution in a draft of a speech he delivered the next day, congressional testimony showed on Monday. (Reuters)

Asian stocks ended mostly lower on Tuesday as investors fretted about the earnings outlook in the face of economic and financial challenges. (RTT News)

Pope Francis has apologized to Indigenous people in Canada for the “evil” of residential schools, the church-run, forced-assimilation institutions that First Nation, Inuit, and Metis children were forced to attend for decades. (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$  685,847,209 worth of shares was traded on the NSX on Friday, with about N$  32,951,813 worth of Anglo-American plc and N$    294,391 worth of Capricorn Group Limited on the home front. ETFs worth N$ 366,620 were traded on Friday.

HEI Equity Research Commentary

From the trading activity that took place:

• Anglo-American’s share price increased resulting in a huge sum of subscriptions by investors
• On the local NSX listing, shares belonging to Capricorn Group Limited were traded with an increase in share price at closing.

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

Health Minister Dr. Kalumbi Shangula has blamed the colonial political system among other factors, for widespread mental health disorders and related problems in Namibia. (Namibian Sun)

The Walvis Bay town council has allocated 40% of its total capital budget for land development projects. (New Era Newspaper)

Canadian company Osino Resources, which is listed on the Toronto Exchange, has acquired the Ondundu gold exploration property in Namibia for US$ 15.2 million (N$243.2 million) from B2Gold, in its efforts to become Namibia’s “next gold mining champion”. (The Namibian)

Sub-Sahara News

The National Union of Metalworkers of South Africa's leadership (Numsa) is set to hold a special central committee (SCC) meeting in Cape Town on Tuesday after the Labour Court in Johannesburg interdicted the union's national congress from taking place this week. (News24)

The U.S. development agency USAID on Friday said it would give Kenya $255 million in emergency assistance to tackle the severe drought. (CNBC Africa)

The World Food Programme has warned that the global fertilizer shortage could wipe $11bn off Africa’s food production value this year and create a catastrophic decline in output. (All Africa News)

International News

Ukraine forged ahead with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but warned deliveries would suffer if a Russian missile strike on Odesa was a sign of more to come. (Reuters)

Asian stocks advanced on Monday after U.S. stocks ended several days of sell-offs with a sharp rebound on Friday (RTT News)

Myanmar’s military government has executed four anti-coup activists, including a close ally of Nobel Peace Prize laureate Aung San Suu Kyi, drawing widespread condemnation and outrage. (Aljazeera News)

Table 1: NSX Trades

NSX Activities

A total of N$ 101,160,633 worth of shares was traded on the NSX on Thursday with about N$ 1,995,615 worth of Anglo-American plc and N$   166,292 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:

• Anglo-American’s share price declined as the market faced another aggressive bear condition.
• On the local NSX listing, shares belonging to Capricorn Group Limited were traded with no change in share price at closing.

Table 2: Primary listed Trades

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Table 3: Dual Listed Trades

Table 4: ETFs

Table 5: Exchange Rates and Commodities 

Local News

A total of 227 building plans worth N$398.2 million was approved by the City of Windhoek (CoW) in June 2022. (Namibian Sun)

Over 100 workers of the Cheetah Cement factory at Otjiwarongo Embarked on a strike for better pay yesterday, while the company has threatened retrenchments and reminded workers that they will not be paid during a strike. (New Era Newspaper)

The private shareholder in Total Namibia’s recent Namibia oil discovery has announced that it is raising over N$ 1 billion (US$60 million) to fund further work on the discovery  (The Namibian)

Sub-Sahara News

This brings the repo to 5.5% and the prime rate to 9%. Three members of the monetary policy committee supported the hike, while one wanted 100 basis points and another preferred a 50 basis point hike. (News24)

The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the eurozone. (CNBC Africa)

The Stop TB Partnership hosted a media briefing on July 6, 2022, to launch the Global Plan to End TB 2023-2030 (Global Plan), a detailed strategy to finally put an end to the world's oldest pandemic. (All Africa News)

International News

Russia and Ukraine will sign a deal on Friday to reopen Ukraine's Black Sea ports to grain exports, Turkey said, raising hopes that an international food crisis caused by Russia's invasion could be eased. (Reuters)

European stocks are seen opening on a positive note Friday as worries surrounding aggressive Fed tightening eased. (RTT News)

Japan’s defense ministry has said it is alarmed at new threats from Russia and has growing worries about Taiwan, in an annual defense report that comes as Tokyo weighs an unprecedented rise in military spending. (Aljazeera News)