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)
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.
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
Name
NSX Local Ticker
Price Previous Close 'N$
Price End of Day 'N$
Daily Change %
Namibian Breweries
NBS
40.02
40.00
-0.05%
Nictus Holdings
NHL
1.75
1.75
0.00%
Capricorn
CGP
10.50
10.50
0.00%
First Rand Namibia
FNB
29.76
29.76
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
13.00
0.08%
Mobile Telecommunication Company
MOC
7.52
7.52
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
603.82
579.20
-4.08%
B2Gold Corporation
B2G
57.46
56.26
-2.09%
Oceana Group Limited
OCG
52.75
53.55
1.52%
Mediclinic International Plc
MEP
98.11
97.57
-0.55%
Truworths
TRW
55.34
55.99
1.17%
Nedbank Group Limited
NBK
218.41
217.85
-0.26%
Standard Bank Group
SNB
169.69
169.69
0.00%
Shoprite Holdings
SRH
241.00
244.91
1.62%
FirstRand Limited
FST
68.32
68.32
0.00%
Momentum Metropolitan Holdings
MMT
16.12
16.45
2.05%
Old Mutual Ltd
OMM
11.87
11.76
-0.93%
Sanlam Limited
SLA
58.08
58.29
0.36%
Santam Limited
SNM
252.02
252.02
0.00%
Vukile Property Fund Limited
VKN
14.46
14.46
0.00%
Investec Limited
IVD
89.64
91.03
1.55%
PSG Konsult Limited
KFS
12.05
12.45
3.32%
Table 3: Dual Listed Trades
Name
ETFs
Price Previous Close 'N$
Price End of Day 'N$
Daily Change %
New Gold Issuer Ltd NM
NGNGLD
271.40
271.63
0.08%
New Gold Palladium ETF
NGNPLD
358.30
353.64
-1.30%
New Gold Platinum ETF N
NGNPLT
150.86
149.37
-0.99%
New Funds S&P NAM Bond
NFNAMA
17.36
17.40
0.23%
Table 4: ETFs
Exchange Rates
USD/NAD
16.24
EUR/NAD
16.63
GBP/NAD
19.67
EUR/GBP
0.84
EUR/USD
1.02
GBP/USD
1.21
AUD/USD
0.70
USD/JPY
133.25
Commodities
Gold
1,807.85
Silver
20.57
Platinum
952.00
Palladium
2,206.02
WTI
91.09
Brent
97.06
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)
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
Name
NSX Local Ticker
Price Previous Close 'N$
Price End of Day 'N$
Daily Change %
Namibian Breweries
NBS
40.02
40.02
0.00%
Nictus Holdings
NHL
1.75
1.75
0.00%
Capricorn
CGP
11.01
10.50
-4.63%
First Rand Namibia
FNB
29.76
29.76
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
7.52
7.52
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
585.42
603.82
3.14%
B2Gold Corporation
B2G
58.80
57.46
-2.28%
Oceana Group Limited
OCG
51.48
52.75
2.47%
Mediclinic International Plc
MEP
98.09
98.11
0.02%
Truworths
TRW
53.43
55.34
3.57%
Nedbank Group Limited
NBK
216.49
218.41
0.89%
Standard Bank Group
SNB
167.22
169.69
1.48%
Shoprite Holdings
SRH
235.90
241.00
2.16%
FirstRand Limited
FST
67.45
68.32
1.29%
Momentum Metropolitan Holdings
MMT
15.65
16.12
3.00%
Old Mutual Ltd
OMM
11.45
11.87
3.67%
Sanlam Limited
SLA
56.62
58.08
2.58%
Santam Limited
SNM
254.00
252.02
-0.78%
Vukile Property Fund Limited
VKN
14.25
14.46
1.47%
Investec Limited
IVD
90.37
89.64
-0.81%
PSG Konsult Limited
KFS
11.83
12.05
1.86%
Table 3: Dual Listed Trades
Name
ETFs
Price Previous Close 'N$
Price End of Day 'N$
Daily Change %
New Gold Issuer Ltd NM
NGNGLD
271.39
271.40
0.00%
New Gold Palladium ETF
NGNPLD
350.81
358.30
2.14%
New Gold Platinum ETF N
NGNPLT
148.39
150.86
1.66%
New Funds S&P NAM Bond
NFNAMA
17.25
17.36
0.64%
Table 4: ETFs
Exchange Rates
USD/NAD
16.24
EUR/NAD
16.74
GBP/NAD
19.78
EUR/GBP
0.84
EUR/USD
1.03
GBP/USD
1.21
AUD/USD
0.71
USD/JPY
133.17
Commodities
Gold
1,806.60
Silver
20.37
Platinum
957.30
Palladium
2,256.77
WTI
93.89
Brent
99.19
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)
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
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.
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
Name
NSX Local Ticker
Price Previous Close 'N$
Price End of Day 'N$
Daily Change %
Namibian Breweries
NBS
40.01
40.02
0.02%
Nictus Holdings
NHL
1.75
1.75
0.00%
Capricorn
CGP
11.01
11.01
0.00%
First Rand Namibia
FNB
29.76
29.76
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
7.51
7.52
0.01%
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
594.51
585.42
-1.53%
B2Gold Corporation
B2G
58.22
58.80
1.00%
Oceana Group Limited
OCG
49.50
51.48
4.00%
Mediclinic International Plc
MEP
99.69
98.09
-1.60%
Truworths
TRW
52.05
53.43
2.65%
Nedbank Group Limited
NBK
217.46
216.49
-0.45%
Standard Bank Group
SNB
167.78
167.22
-0.33%
Shoprite Holdings
SRH
229.33
235.90
2.86%
FirstRand Limited
FST
67.27
67.45
0.27%
Momentum Metropolitan Holdings
MMT
15.60
15.65
0.32%
Old Mutual Ltd
OMM
11.51
11.45
-0.52%
Sanlam Limited
SLA
56.50
56.62
0.21%
Santam Limited
SNM
253.40
254.00
0.24%
Vukile Property Fund Limited
VKN
14.22
14.25
0.21%
Investec Limited
IVD
91.49
90.37
-1.22%
PSG Konsult Limited
KFS
11.85
11.83
-0.17%
Table 3: Dual Listed Trades
Name
ETFs
Price Previous Close 'N$
Price End of Day 'N$
Daily Change %
New Gold Issuer Ltd NM
NGNGLD
276.94
271.39
-2.00%
New Gold Palladium ETF
NGNPLD
361.51
350.81
-2.96%
New Gold Platinum ETF N
NGNPLT
150.93
148.39
-1.68%
New Funds S&P NAM Bond
NFNAMA
17.13
17.25
0.70%
Table 4: ETFs
Exchange Rates
USD/NAD
16.21
EUR/NAD
16.69
GBP/NAD
19.79
EUR/GBP
0.84
EUR/USD
1.02
GBP/USD
1.21
AUD/USD
0.70
USD/JPY
133.00
Commodities
Gold
1,802.25
Silver
20.43
Platinum
949.00
Palladium
2,237.00
WTI
92.02
Brent
97.52
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)
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
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
29.76
-0.80%
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
7.51
-5.89%
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
593.67
594.51
0.14%
B2Gold Corporation
B2G
57.23
58.22
1.73%
Oceana Group Limited
OCG
48.80
49.50
1.43%
Mediclinic International Plc
MEP
100.40
99.69
-0.71%
Truworths
TRW
51.00
52.05
2.06%
Nedbank Group Limited
NBK
218.46
217.46
-0.46%
Standard Bank Group
SNB
166.60
167.78
0.71%
Shoprite Holdings
SRH
227.10
229.33
0.98%
FirstRand Limited
FST
67.21
67.27
0.09%
Momentum Metropolitan Holdings
MMT
15.37
15.60
1.50%
Old Mutual Ltd
OMM
11.43
11.51
0.70%
Sanlam Limited
SLA
55.91
56.50
1.06%
Santam Limited
SNM
244.55
253.40
3.62%
Vukile Property Fund Limited
VKN
14.17
14.22
0.35%
Investec Limited
IVD
91.37
91.49
0.13%
PSG Konsult Limited
KFS
12.00
11.85
-1.25%
Table 3: Dual Listed Trades
Name
ETFs
Price Previous Close 'N$
Price End of Day 'N$
Daily Change %
New Gold Issuer Ltd NM
NGNGLD
278.22
276.94
-0.46%
New Gold Palladium ETF
NGNPLD
348.29
361.51
3.80%
New Gold Platinum ETF N
NGNPLT
151.76
150.93
-0.55%
New Funds S&P NAM Bond
NFNAMA
17.16
17.13
-0.17%
Table 4: ETFs
Exchange Rates
USD/NAD
16.60
EUR/NAD
16.94
GBP/NAD
20.07
EUR/GBP
0.84
EUR/USD
1.02
GBP/USD
1.21
AUD/USD
0.69
USD/JPY
135.04
Commodities
Gold
1,803.90
Silver
20.70
Platinum
941.00
Palladium
2,200.02
WTI
90.84
Brent
96.72
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)
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)
