Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	6,889,011.00	85,133,781.21	89.34%
ETFs	55,200.00	10,156,248.00	10.66%
Total	6,944,211.00	95,290,029.21	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 85,133,781.21 worth of shares was traded on the NSX on Monday with about N$ 1,962,062 worth of shares belonging to Anglo-American plc and N$ 10,563 worth of Namibia Breweries on the home front. ETFs worth N$ 10,156,248.00 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American shares were bought by market participants on the overall bourse, resulting in an increase by 0.9% in share price at closing
• The shares belonging to Namibia Breweries were traded on the domestic stock exchange, resulting in no change in share price at the end of the trading day.
• New Gold Platinum ETF N ETF was subscribed by market participants.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.01	32.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	14.15	14.15	0.00%
First Rand Namibia	FNB	37.05	37.05	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	605.82	611.38	0.92%
B2Gold Corporation	B2G	78.19	77.39	-1.02%
Oceana Group Limited	OCG	68.78	70.99	3.21%
Mediclinic International Plc	MEP	112.45	113.14	0.61%
Truworths	TRW	56.28	54.55	-3.07%
Nedbank Group Limited	NBK	215.19	209.86	-2.48%
Standard Bank Group	SNB	172.18	169.16	-1.75%
Shoprite Holdings	SRH	222.42	8.45	-96.20%
FirstRand Limited	FST	64.58	63.55	-1.59%
Momentum Metropolitan Holdings	MMT	18.15	17.75	-2.20%
Old Mutual Ltd	OMM	11.53	11.45	-0.69%
Sanlam Limited	SLA	56.67	56.06	-1.08%
Santam Limited	SNM	286.44	282.09	-1.52%
Vukile Property Fund Limited	VKN	12.82	13.05	1.79%
Investec Limited	IVD	98.76	97.37	-1.41%
PSG Konsult Limited	KFS	12.69	13.05	2.84%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	338.22	338.51	0.09%
New Gold Palladium ETF	NGNPLD	261.68	274.68	4.97%
New Gold Platinum ETF N	NGNPLT	182.32	184.44	1.16%
New Funds S&P NAM Bond	NFNAMA	18.70	18.59	-0.59%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.29
EUR/NAD	20.01
GBP/NAD	22.66
EUR/GBP	0.88
EUR/USD	1.09
GBP/USD	1.24
AUD/USD	0.67
USD/JPY	134.38
Commodities @ 07:00
Gold	2,013.75
Silver	25.18
Platinum	1,064.85
Palladium	1,572.78
WTI	81.16
Brent	85.12

Table 5: Exchange Rates and Commodities 

Local News

Business icon Sven Thieme has resigned from the board of Namibia Breweries Ltd, following Heineken N.V. taking control of the local beer giant on Friday. (Sun Newspaper)

Namibians will soon find out if they are going to have to fork out more of their hard-earned dollars, just to keep the lights on. This is after Namibia Power Corporation requested a 16.87% increase in electricity tariffs for the 2023/24 year. (New Era Newspaper)

The Ruacana Hydro Power Station has been operating at full load for the past week, with NamPower supplying more than 95% of Namibia’s electricity demand from the hydroelectric station (The Namibian Newspaper)

Sub-Sahara News

As Old Mutual becomes one of the first companies in South Africa to reveal the gap between its highest- and lowest-paid employees, the annual reports of the country's listed life insurers show eye-watering executive pay packages (News24)

Oil prices turned lower on Monday as investors mulled over a possible May interest rate hike by the U.S. Federal Reserve, which could dampen economic recovery hopes, though Chinese GDP data was expected to augur well for demand growth. (CNBC Africa)

Public debt repayments in some African countries are at their highest levels since 1998. The Conversation Africa's founding editor Caroline Southey talks to dean and economics professor Philippe Burger about the danger of debt problems some African countries face. (All Africa News)

International News

China's economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead. (Reuters)

European stocks are seen opening higher on Tuesday as trading resumes after a long holiday weekend. The gains, if any, may remain capped by heightened U.S.-China tensions over Taiwan and uncertainty about what the Federal Reserve will do next (RTT News)

At least 185 people have been killed and a further 1,800 injured in three days of fighting between rival factions in Sudan, according to the United Nations special representative for Sudan, as the Group of Seven joined calls for an immediate end to hostilities. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	6,295,805.00	160,114,366.47	100.00%
ETFs	-	-	0.00%
Total	6,295,805.00	160,114,366.47	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 160,114,366.47 worth of shares was traded on the NSX on Friday with about N$ 58,924,719 worth of shares belonging to Anglo-American plc and N$    1,698,000 worth of Capricorn Group Limited on the home front. No ETFs were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s shares were sold off by market participants on the overall bourse, resulting in a decrease by -0.7% in share price at closing
• The shares belonging to Capricorn Group was traded on the domestic stock exchange, resulting in an increase in share price by 2.1% at the end of the trading day.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.01	32.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.86	14.15	2.09%
First Rand Namibia	FNB	37.05	37.05	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	609.91	605.82	-0.67%
B2Gold Corporation	B2G	78.42	78.19	-0.29%
Oceana Group Limited	OCG	69.00	68.78	-0.32%
Mediclinic International Plc	MEP	112.86	112.45	-0.36%
Truworths	TRW	54.98	56.28	2.36%
Nedbank Group Limited	NBK	214.63	215.19	0.26%
Standard Bank Group	SNB	8.45	172.18	1937.63%
Shoprite Holdings	SRH	222.22	222.42	0.09%
FirstRand Limited	FST	64.05	64.58	0.83%
Momentum Metropolitan Holdings	MMT	18.25	18.15	-0.55%
Old Mutual Ltd	OMM	11.27	11.53	2.31%
Sanlam Limited	SLA	56.40	56.67	0.48%
Santam Limited	SNM	280.40	286.44	2.15%
Vukile Property Fund Limited	VKN	12.95	12.82	-1.00%
Investec Limited	IVD	98.59	98.76	0.17%
PSG Konsult Limited	KFS	12.21	12.69	3.93%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	343.05	338.22	-1.41%
New Gold Palladium ETF	NGNPLD	256.73	261.68	1.93%
New Gold Platinum ETF N	NGNPLT	182.11	182.32	0.12%
New Funds S&P NAM Bond	NFNAMA	18.71	18.70	-0.05%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.08
EUR/NAD	19.86
GBP/NAD	22.44
EUR/GBP	0.88
EUR/USD	1.09
GBP/USD	1.24
AUD/USD	0.67
USD/JPY	134.15
Commodities @ 07:00
Gold	2,018.75
Silver	25.44
Platinum	1,055.70
Palladium	1,492.53
WTI	82.52
Brent	86.42

Table 5: Exchange Rates and Commodities 

Local News

Shell has submitted proposals to conduct drilling activities for up to ten new exploration and appraisal wells in Namibia's offshore waters after discovering light oil in three locations. (Sun Newspaper)

B2Gold Namibia, which over the past few months had battled worker unrest and uncertainty over the future of the Otjikoto Mine due to its limited gold resource, will commence with a phased mine closure process. (New Era Newspaper)

The Minister of Mines and Energy, Tom Alweendo will decide in a week’s time on whether to activate, cancel or defer the operation of the contentious lithium license, which has been haunted by allegations of corruption involving more than N$50 million last year (The Namibian Newspaper)

Sub-Sahara News

The failure of the second Koeberg unit over the weekend prompted fears of Stage 8 load shedding. But while Stage 6 will feature prominently this winter, Stage 8 is only likely when there's a perfect storm'. (News24)

Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, is disrupting economic growth and endangering its long-term development, the International Monetary Fund’s (IMF) top official for the region said. (CNBC Africa)

Lagos State government has read the riot act to traffic offenders and commercial motorcyclists popularly known as Okada riders still operating on the state's highways and restricted routes despite the ban on their activities, saying anyone caught will face the full wrath of the law. (All Africa News)

International News

Unilateral action on trade by European Union member states is unacceptable, the bloc's executive said on Sunday, after Poland and Hungary announced bans on grain and other food imports from Ukraine to protect their local agricultural sectors. (Reuters)

Asian stocks rose broadly in thin holiday trading on Monday, with Australian, New Zealand and Hong Kong markets closed for Easter Monday (RTT News)

Iran’s judiciary has announced prison sentences for 10 unnamed people it says were responsible for the downing of a Ukraine International Airlines commercial flight in January 2020. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	31,573.00	1,024,065.10	73.69%
ETFs	1,064.00	365,696.80	26.31%
Total	32,637.00	1,389,761.90	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 1,024,065.10 worth of shares was traded on the NSX on Thursday with about N$ 191,286 worth of shares belonging to Old Mutual Ltd and N$   142,028 worth of Namibia Breweries on the home front. ETFs worth N$ 365,696.80 were traded on Thursday

HEI Market Commentary

From the trading activity that took place:

• Old Mutual’s shares were traded by market participants on the overall bourse, resulting in no change in share price at closing
• The shares owned by Namibia Breweries were traded on the domestic stock exchange, resulting in no change in share price at the end of the trading day.
• New Gold Issuer Ltd NM was sold off by market participants.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.01	32.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.85	13.86	0.07%
First Rand Namibia	FNB	37.05	37.05	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.80	12.80	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	8.99	8.99	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	611.71	609.91	-0.29%
B2Gold Corporation	B2G	77.66	78.42	0.98%
Oceana Group Limited	OCG	71.17	69.00	-3.05%
Mediclinic International Plc	MEP	114.60	112.86	-1.52%
Truworths	TRW	54.60	54.98	0.70%
Nedbank Group Limited	NBK	215.74	214.63	-0.51%
Standard Bank Group	SNB	172.99	8.45	-95.12%
Shoprite Holdings	SRH	222.53	222.22	-0.14%
FirstRand Limited	FST	64.55	64.05	-0.77%
Momentum Metropolitan Holdings	MMT	18.38	18.25	-0.71%
Old Mutual Ltd	OMM	11.27	11.27	0.00%
Sanlam Limited	SLA	56.55	56.40	-0.27%
Santam Limited	SNM	286.01	280.40	-1.96%
Vukile Property Fund Limited	VKN	12.85	12.95	0.78%
Investec Limited	IVD	100.10	98.59	-1.51%
PSG Konsult Limited	KFS	12.15	12.21	0.49%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	344.09	343.05	-0.30%
New Gold Palladium ETF	NGNPLD	258.49	256.73	-0.68%
New Gold Platinum ETF N	NGNPLT	179.58	182.11	1.41%
New Funds S&P NAM Bond	NFNAMA	18.45	18.71	1.41%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.02
EUR/NAD	19.95
GBP/NAD	22.59
EUR/GBP	0.88
EUR/USD	1.10
GBP/USD	1.25
AUD/USD	0.67
USD/JPY	132.49
Commodities @ 07:00
Gold	2,056.40
Silver	26.08
Platinum	1,068.15
Palladium	1,509.28
WTI	82..52
Brent	86.36

Table 5: Exchange Rates and Commodities 

Local News

Canadian mining company B2Gold yesterday informed its Namibian employees of looming retrenchments, as its Otjikoto mine outside Otjiwarongo enters its last nine years of commercial viability. (Sun Newspaper)

The Development Bank of Namibia’s (DBN’s) Sustainable Finance Framework is aligned with the four core components of the International Capital Market Association’s (ICMA) Green Bond Principles 2021, Social Bond Principles 2021, Sustainability Bond Guidelines 2021, as well as the Loan Market Association’s (LMA) Green Loan Principles 2023 and Social Loan Principles 2023. (New Era Newspaper)

At the end of December last year, over 1,3 million Namibians had about N$25,000 or less in their bank accounts, and inflation is to blame, analysts say (The Namibian Newspaper)

Sub-Sahara News

South Africa attracted R1.51 trillion of new investment pledges over the past five years, 26% more than a target set in 2018, President Cyril Ramaphosa said. (News24)

Emerging market currencies extended gains for a third straight session on Thursday as the dollar hit a two-month low after data showing cooling U.S. inflation raised bets of a pause in the U.S. Federal Reserve’s rate hike cycle. (CNBC Africa)

In a report presented to the United Nations Security Council on Wednesday, UN Secretary-General Antonio Guterres urged Mali's ruling junta to "accelerate" the pace of the handover, in order to return power to elected civilians by early 2024 as promised. (All Africa News)

International News

Taiwan President Tsai Ing-wen on Friday thanked fighter pilots who scrambled against China's air force during its drills around the island and pledged to keep strengthening the armed forces, as Beijing's military activities around the island ebbed. (Reuters)

Employment in the U.S. increased roughly in line with economist estimates in the month of March, according to a closely watched report released by the Labor Department on Friday. (RTT News)

North Korea has announced the successful test of its first solid-fuel intercontinental ballistic missile (ICBM), a key goal of leader Kim Jong Un’s plan to develop more advanced and powerful weaponry. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,617,035.00	88,720,000.37	96.62%
ETFs	17,295.00	3,105,016.32	3.38%
Total	1,634,330.00	91,825,016.68	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 88,720,000.37 worth of shares was traded on the NSX on Wednesday with about N$ 9,228,911 worth of shares belonging to Anglo-American plc and N$ 125,896 worth of FirstRand Namibia on the home front. ETFs worth N$ 3,105,016.32 were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s shares were sold off by market participants on the overall bourse, resulting in the share price decline of 0.4% at closing
• The shares owned by FirstRand Namibia were traded on the domestic stock exchange, resulting in an increase of 0.2% in share price at the end of the trading day.
• New Gold Platinum ETF N were subscribed by market participants.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.01	32.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.85	13.85	0.00%
First Rand Namibia	FNB	36.99	37.05	0.16%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.50	11.50	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.81	12.80	-0.08%
Mobile Telecommunication Company	MOC	7.08	7.08	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	8.99	-0.11%

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	614.07	611.71	-0.38%
B2Gold Corporation	B2G	77.13	77.66	0.69%
Oceana Group Limited	OCG	69.82	71.17	1.93%
Mediclinic International Plc	MEP	113.43	114.60	1.03%
Truworths	TRW	54.57	54.60	0.05%
Nedbank Group Limited	NBK	223.70	215.74	-3.56%
Standard Bank Group	SNB	170.76	172.99	1.31%
Shoprite Holdings	SRH	220.36	222.53	0.98%
FirstRand Limited	FST	62.85	64.55	2.70%
Momentum Metropolitan Holdings	MMT	18.37	18.38	0.05%
Old Mutual Ltd	OMM	11.81	11.27	-4.57%
Sanlam Limited	SLA	56.33	56.55	0.39%
Santam Limited	SNM	285.64	286.01	0.13%
Vukile Property Fund Limited	VKN	12.80	12.85	0.39%
Investec Limited	IVD	99.72	100.10	0.38%
PSG Konsult Limited	KFS	12.50	12.15	-2.80%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	342.70	344.09	0.41%
New Gold Palladium ETF	NGNPLD	258.93	258.49	-0.17%
New Gold Platinum ETF N	NGNPLT	176.44	179.58	1.78%
New Funds S&P NAM Bond	NFNAMA	18.50	18.45	-0.27%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.40
EUR/NAD	20.22
GBP/NAD	22.98
EUR/GBP	0.87
EUR/USD	1.09
GBP/USD	1.24
AUD/USD	0.67
USD/JPY	133.27
Commodities @ 07:00
Gold	2,030.60
Silver	25.53
Platinum	1,025.65
Palladium	1,446.53
WTI	82.95
Brent	86.94

Table 5: Exchange Rates and Commodities 

Local News

Namibia will soon demand to sell a bigger share of the diamonds produced by its joint venture with De Beers, mines minister Tom Alweendo said last week. The move could spark tougher negotiations when the sales deal expires in 2026. (Sun Newspaper)

Meatco CEO, Mwilima Mushokabanji, said the corporation needs about N$80 million to operate the soon-to-be-opened Rundu abattoir. (New Era Newspaper)

The Ministry of Agriculture, Water and Land Reform has reportedly started an initiative to excavate new earth dams as catchment areas in regions usually affected by floods, to lessen the aggression of any drought in the future (The Namibian Newspaper)

Sub-Sahara News

South Africa is entering peak electricity demand season with many key power plant units offline - including one at Koeberg. (News24)

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. (CNBC Africa)

ZANU PF Makoni West aspiring candidate, Moses Ruwona, has been locked up on allegations of fraud and money laundering. (All Africa News)

International News

The abortion pill mifepristone will remain available in the United States for now but with significant restrictions including a requirement for in-person doctor visits to obtain the drug, a federal appeals court ruled late on Wednesday. (Reuters)

European stocks may struggle for direction on Thursday amid signs that the U.S. economy is slowing. Trading volumes are likely to remain thin heading into Easter weekend. (RTT News)

North Korea has launched what could be a “new type” of a ballistic missile that landed in the waters between the Korean Peninsula and Japan, prompting Tokyo to lodge a “strong protest” after fears the weapon might land in or near its northern island of Hokkaido led to an evacuation order. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	403,707.00	12,743,456.19	100.00%
ETFs	-	-	0.00%
Total	403,707.00	12,743,456.19	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 12,743,456.19worth of shares was traded on the NSX on Tuesday with about N$ 845,783 worth of shares belonging Oceana Group Limited and N$  1,771,801 worth of Capricorn Group on the home front.  No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

• Oceana Group’s shares were sold off by market participants on the overall bourse, resulting in the share price decline to 1.7% at closing
• The shares owned by Capricorn Group were traded on the domestic stock exchange, resulting in no change in share price at the end of the trading day.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.01	32.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.85	13.85	0.00%
First Rand Namibia	FNB	37.00	36.99	-0.03%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.49	11.50	0.09%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.81	12.81	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	594.74	614.07	3.25%
B2Gold Corporation	B2G	75.03	77.13	2.80%
Oceana Group Limited	OCG	71.00	69.82	-1.66%
Mediclinic International Plc	MEP	113.10	113.43	0.29%
Truworths	TRW	54.16	54.57	0.76%
Nedbank Group Limited	NBK	221.35	223.70	1.06%
Standard Bank Group	SNB	170.24	170.76	0.31%
Shoprite Holdings	SRH	225.76	220.36	-2.39%
FirstRand Limited	FST	62.12	62.85	1.18%
Momentum Metropolitan Holdings	MMT	18.19	18.37	0.99%
Old Mutual Ltd	OMM	11.89	11.81	-0.67%
Sanlam Limited	SLA	56.17	56.33	0.28%
Santam Limited	SNM	289.55	285.64	-1.35%
Vukile Property Fund Limited	VKN	12.73	12.80	0.55%
Investec Limited	IVD	98.54	99.72	1.20%
PSG Konsult Limited	KFS	12.03	12.50	3.91%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	341.73	342.70	0.28%
New Gold Palladium ETF	NGNPLD	253.24	258.93	2.25%
New Gold Platinum ETF N	NGNPLT	176.51	176.44	-0.04%
New Funds S&P NAM Bond	NFNAMA	18.55	18.50	-0.27%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.36
EUR/NAD	20.06
GBP/NAD	22.84
EUR/GBP	0.87
EUR/USD	1.09
GBP/USD	1.24
AUD/USD	0.66
USD/JPY	133.77
Commodities @ 07:00
Gold	2,035.05
Silver	2556
Platinum	1,011.65
Palladium	1,451.53
WTI	81.60
Brent	85.69

Table 5: Exchange Rates and Commodities 

Local News

The International Monetary Fund (IMF) forecasts economic growth of 2.8% for Namibia in its latest World Economic Outlook, released today. (Sun Newspaper)

Namibia has secured about N$161 billion worth of investment opportunities as of March 2023 with the potential to create more jobs. This was the uplifting news from CEO of the Namibia Investment Promotion and Development Board, Nangula Uaandja, who made the announcement last week. (New Era Newspaper)

First Lady Monica Geingos’ One Economy Foundation is building a N$40 million centre at the government-owned Katutura Youth Complex in Windhoek (The Namibian Newspaper)

Sub-Sahara News

The collapse of seven pylons on the N4 in Pretoria on Sunday night has shut down a Ford plant, causing an output loss of 720 vehicles a day. (News24)

The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels. (CNBC Africa)

Researchers from the Belgian University of Louvain found that 45% of the forest destruction in Côte d'Ivoire between 2000 and 2019 was the result of unregulated cocoa production. The tropical forest covering 2.5 million hectares was destroyed for cocoa plantations, Radio France Internationale reports. (All Africa News)

International News

Four army personnel were killed in a firing incident at a military station in the Indian border state of Punjab early on Wednesday, officials said, adding that a search for the shooters was in progress.. (Reuters)

European stocks may open flat to slightly lower on Wednesday after weak U.S. data provided further evidence of a cooling economy (RTT News)

Scrolling through Twitter during the past few weeks, Sarah Hurst, an independent journalist in the United Kingdom, began noticing changes in the way the platform displayed certain government and media accounts. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	10,329.00	795,934.48	100.00%
ETFs	-	-	0.00%
Total	10,329.00	795,934.48	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 795,934.48 worth of shares was traded on the NSX on Tuesday with about N$ 366,846 worth of shares belonging to Investec Limited and N$ 69,250 worth of Capricorn Group on the home front.  No ETFs were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

• Investec Limited’s shares were subscribed by market participants on the overall bourse, crossing over to the N$100 price range as the share price soars to 3.4% at closing
• The shares owned by Capricorn Group were traded on the domestic stock exchange, resulting in an increase of 0.1% in share price at the end of the trading day.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.00	32.01	0.03%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.83	13.85	0.14%
First Rand Namibia	FNB	37.00	37.00	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.81	12.81	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	592.82	591.00	-0.31%
B2Gold Corporation	B2G	70.76	71.68	1.30%
Oceana Group Limited	OCG	69.44	70.11	0.96%
Mediclinic International Plc	MEP	109.67	111.63	1.79%
Truworths	TRW	55.07	55.80	1.33%
Nedbank Group Limited	NBK	219.33	224.46	2.34%
Standard Bank Group	SNB	174.87	171.45	-1.96%
Shoprite Holdings	SRH	222.63	225.00	1.06%
FirstRand Limited	FST	60.94	61.90	1.58%
Momentum Metropolitan Holdings	MMT	18.00	18.12	0.67%
Old Mutual Ltd	OMM	11.81	12.08	2.29%
Sanlam Limited	SLA	56.97	54.98	-3.49%
Santam Limited	SNM	286.18	289.55	1.18%
Vukile Property Fund Limited	VKN	12.55	12.61	0.48%
Investec Limited	IVD	98.16	101.50	3.40%
PSG Konsult Limited	KFS	12.09	12.33	1.99%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	329.14	337.67	2.59%
New Gold Palladium ETF	NGNPLD	254.44	256.30	0.73%
New Gold Platinum ETF N	NGNPLT	170.52	175.20	2.74%
New Funds S&P NAM Bond	NFNAMA	18.54	18.61	0.38%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	17.88
EUR/NAD	19.57
GBP/NAD	22.32
EUR/GBP	0.87
EUR/USD	1.09
GBP/USD	1.24
AUD/USD	0.67
USD/JPY	131.54
Commodities @ 07:00
Gold	2,039.85
Silver	25.04
Platinum	1,033.75
Palladium	1,454.53
WTI	81.06
Brent	85.36

Table 5: Exchange Rates and Commodities 

Local News

The Public Service Union of Namibia (PSUN) says it is disheartened by the conduct of the Office of the Labour Commissioner, saying it did little to end a labour dispute between the National Housing Enterprise (NHE) and its striking employees.PSUN deputy secretary-general Ujama Kaahangoro accused the labour commissioner’s office of not fulfilling its mandate of resolving employer-employee disputes. (Sun Newspaper)

The government will embark on a study to determine the practicality of establishing a veterinary buffer zone between Angola and Namibia. (New Era Newspaper)

The National Petroleum Corporation of Namibia (Namcor) board of directors has suspended the company’s managing director, Immanuel Mulunga (The Namibian Newspaper)

Sub-Sahara News

Eskom forecasts a worst-case scenario where there are outages exceeding 17 000MW every week for the next year. (News24)

Kenya opposition leader Raila Odinga on Tuesday called for parties outside parliament to be involved in talks on electoral reform and the high cost of living, at odds with President William Ruto’s plan for negotiations to be held only within parliament. (CNBC Africa)

The World Health Organization [WHO] launched a new manual for authorities to increase the use of helmets for motorcycle riders today. The second edition of the Helmets Manual offers guidance to help leaders establish the laws, regulations, and actions needed to increase the use of safe, quality helmets to save lives. (All Africa News)

International News

Former President Donald Trump was charged on Tuesday with 34 felony counts of falsifying business records in a historic case over allegations he orchestrated hush-money payments to two women before the 2016 U.S. election to suppress publication of their sexual encounters with him. (Reuters)

Asian stocks ended Wednesday's session on a mixed note as rising Treasury yields offset easing concerns over the banking sector. (RTT News)

French President Emmanuel Macron and European Commission President Ursula von der Leyen are set to arrive in China on Wednesday for a three-day state visit that will see them meet with Chinese President Xi Jinping (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	1,334,726.00	31,935,154.62	97.60%
ETFs	2,407.00	786,415.04	2.40%
Total	1,337,133.00	32,721,569.66	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 31,935,154.62 worth of shares was traded on the NSX on Monday with about N$ 296,183 worth of shares belonging to Anglo-American and N$ 14,400 worth of Namibia Breweries on the home front.  ETFs worth N$786,415.04 were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s shares were subscribed by market participants on the overall bourse, resulting in a 1.2% increase in share price at closing
• The shares owned by Namibia Breweries was traded on the domestic stock exchange, causing no change in share price at the end of the trading day.
• New Gold Issuer Ltd NM was subscribed by market participants resulting in an increase by 0.8%

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	32.00	32.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.83	13.83	0.00%
First Rand Namibia	FNB	37.00	37.00	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.81	12.81	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	586.00	592.82	1.16%
B2Gold Corporation	B2G	71.23	70.76	-0.66%
Oceana Group Limited	OCG	69.37	69.44	0.10%
Mediclinic International Plc	MEP	108.51	109.67	1.07%
Truworths	TRW	53.32	55.07	3.28%
Nedbank Group Limited	NBK	216.85	219.33	1.14%
Standard Bank Group	SNB	172.81	174.87	1.19%
Shoprite Holdings	SRH	222.26	222.63	0.17%
FirstRand Limited	FST	60.38	60.94	0.93%
Momentum Metropolitan Holdings	MMT	17.63	18.00	2.10%
Old Mutual Ltd	OMM	11.80	11.81	0.08%
Sanlam Limited	SLA	56.37	56.97	1.06%
Santam Limited	SNM	285.00	286.18	0.41%
Vukile Property Fund Limited	VKN	12.44	12.55	0.88%
Investec Limited	IVD	98.12	98.16	0.04%
PSG Konsult Limited	KFS	12.08	12.09	0.08%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	326.61	329.14	0.77%
New Gold Palladium ETF	NGNPLD	253.37	254.44	0.42%
New Gold Platinum ETF N	NGNPLT	169.60	170.52	0.54%
New Funds S&P NAM Bond	NFNAMA	18.52	18.54	0.11%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	17.86
EUR/NAD	19.46
GBP/NAD	22.16
EUR/GBP	0.87
EUR/USD	1.08
GBP/USD	1.23
AUD/USD	0.67
USD/JPY	132.96
Commodities @ 07:00
Gold	1,995.60
Silver	23.98
Platinum	992.95
Palladium	1,452.53
WTI	80.75
Brent	85.26

Table 5: Exchange Rates and Commodities 

Local News

The land reform ministry acquired eight farms for resettlement, with a combined size of 39 731 hectares, to the tune of N$82.9 million during the 2022/2023 financial year. (Sun Newspaper)

The newly-created position of senior inspector will cost the Namibian Police at least N$18,9 million a year for the promoted officers (New Era Newspaper)

The Namibian Agronomic Board (NAB) has closed the border for the importation of eight of the 20 crop types on the list for specially controlled products. (The Namibian Newspaper)

Sub-Sahara News

The South African Revenue Service (SARS) collected 8.3% more personal income tax than in the past tax year, boosted by the 7.5% growth in employment numbers and the 5.3% increase in the country's wage bill. (News24)

Several OPEC+ members are set to tighten global production by an additional 1.16 million barrels per day until the end of the year, further burdening central bank efforts to curtail global inflation — but critically protecting the alliance’s broader output strategy from political pressures. (CNBC Africa)

delegation of African National Congress (ANC) members and National Executive Council member Alvin Botes, who is also deputy minister of International relations and cooperation, are on a working visit to Russia, The Sowetan reports. This comes after the United Russia Party, Russia's largest political party which also holds the majority in the State Duma since 2007, invited its "longstanding ally and friend". (All Africa News)

International News

Donald Trump, the ex-president, and frontrunner to be the Republican nominee in 2024, will appear in court on Tuesday and is set to be formally charged, finger-printed, and have a mug shot taken in a watershed moment ahead of next year's presidential election. (Reuters)

Asian stocks advanced on Tuesday as concerns over the banking crisis eased and China's top leaders pledged to keep embracing foreign capital despite economic and geopolitical headwinds. (RTT News)

Asia will see strong economic growth this year following China’s scrapping of strict pandemic curbs, the Asian Development Bank (ADB) has said (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	32,253.00	2,319,689.86	100.00%
ETFs	-	-	0.00%
Total	32,253.00	2,319,689.86	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 2,319,689.86 worth of shares was traded on the NSX on Wednesday with about N$ 328,038 worth of shares belonging to Anglo-American and N$ 7,080 worth of Mobile Telecommunications Limited on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s shares were sold off by market participants on the overall bourse, resulting in a 0.9% increase in share price at closing
• The shares owned by Mobile Telecommunications were traded on the domestic stock exchange, causing no change in share price at the end of the trading day.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.02	46.02	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.82	13.82	0.00%
First Rand Namibia	FNB	37.00	37.00	0.00%
Standard Bank Namibia	SNO	8.45	8.45	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.75	3.75	0.00%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.81	12.81	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	579.12	584.19	0.88%
B2Gold Corporation	B2G	70.90	72.83	2.72%
Oceana Group Limited	OCG	70.50	71.00	0.71%
Mediclinic International Plc	MEP	111.29	110.79	-0.45%
Truworths	TRW	53.48	54.08	1.12%
Nedbank Group Limited	NBK	215.93	216.70	0.36%
Standard Bank Group	SNB	175.04	174.27	-0.44%
Shoprite Holdings	SRH	223.96	224.47	0.23%
FirstRand Limited	FST	62.27	60.75	-2.44%
Momentum Metropolitan Holdings	MMT	18.25	17.88	-2.03%
Old Mutual Ltd	OMM	11.70	11.79	0.77%
Sanlam Limited	SLA	56.51	57.08	1.01%
Santam Limited	SNM	288.90	286.92	-0.69%
Vukile Property Fund Limited	VKN	12.47	12.56	0.72%
Investec Limited	IVD	97.50	99.37	1.92%
PSG Konsult Limited	KFS	12.50	12.35	-1.20%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	333.13	332.11	-0.31%
New Gold Palladium ETF	NGNPLD	249.02	252.35	1.34%
New Gold Platinum ETF N	NGNPLT	169.80	168.75	-0.62%
New Funds S&P NAM Bond	NFNAMA	18.45	18.50	0.27%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.11
EUR/NAD	19.63
GBP/NAD	22.29
EUR/GBP	0.88
EUR/USD	1.08
GBP/USD	1.23
AUD/USD	0.66
USD/JPY	132.56
Commodities @ 07:00
Gold	1,979.40
Silver	23.39
Platinum	978.45
Palladium	1,440.00
WTI	72.82
Brent	77.38

Table 5: Exchange Rates and Commodities 

Local News

Disgruntled Rundu mayor Gabriel Kanyanga this week informed electricity distributor Nored that the local authority would happily cut ties with it if it does not shape up its operations. (Sun Newspaper)

Namibia cemented itself as a force to be reckoned with as the country took the first step to making green hydrogen production a reality. The country on Monday afternoon launched the first phase of the Daures Green Hydrogen Village in the shadows of the Brandberg mountains. (New Era Newspaper)

The loss-making state broadcaster, the Namibian Broadcasting Corporation (NBC), has been allocated N$392 million for the 2023/24 financial year. (The Namibian Newspaper)

Sub-Sahara News

In the unlikely event of a grid collapse, South Africa's largest mining companies have plans in place to successfully manage through such a disaster. (News24)

Bitcoin climbed sharply Wednesday as investors shrugged off initial fears surrounding U.S. regulators’ crackdowns on industry giants and became willing to take some risk. (CNBC Africa)

South Africa's department of home affairs has announced the extension of the blanket concession for long-term visa or waiver applicants who are awaiting outcomes of their applications to the end of December 2023 (All Africa News)

International News

Taiwan's President Tsai Ing-wen arrived in New York on a sensitive U.S. stopover on Wednesday, vowing en route not to let external pressure prevent the island from engaging with the world after China threatened retaliation if she met U.S. House Speaker Kevin McCarthy (Reuters)

European stocks may open mixed on Thursday taking cues from Asian markets following broadly negative Wall Street trading overnight, amid U.S. Federal Reserve's rate hike move that was widely expected. (RTT News)

Malaysia’s Anwar Ibrahim is expected to navigate between deepening economic ties with his country’s biggest trading partner and tackling thorny issues such as the South China Sea during his first visit to China as prime minister, analysts say. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	39,823.00	3,006,095.69	83.31%
ETFs	1,811.00	602,248.05	16.69%
Total	41,634.00	3,608,343.74	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 3,006,095.69 worth of shares was traded on the NSX on Tuesday with about N$ 1,123,134 worth of shares belonging to Oceana Group Limited and N$     49,999 worth of SBN Holdings Ltd on the home front. ETFs worth N$ 602,248.05 were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Oceana Group’s shares were sold off by  market participants on the overall bourse, resulting in  a 0.4% decline in share price at closing
• The shares owned by SBN Holdings Ltd continued to be traded on the domestic stock exchange, causing the share price to rise by 5.6% at the end of the trading day, following the announcement of a dividend of 46 cents per share.
• New Gold Issuer Ltd NM were sold off on the exchange

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.03	46.02	-0.02%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.82	13.82	0.00%
First Rand Namibia	FNB	37.00	37.00	0.00%
Standard Bank Namibia	SNO	8.00	8.45	5.62%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.65	3.75	2.74%
Namibia Asset Management	NAM	0.68	0.68	0.00%
Stimulus	SILP	127.90	127.90	0.00%
Paratus Namibia Holdings Ltd	PNH	12.81	12.81	0.00%
Mobile Telecommunication Company	MOC	7.08	7.08	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	570.79	579.12	1.46%
B2Gold Corporation	B2G	69.18	70.90	2.49%
Oceana Group Limited	OCG	70.76	70.50	-0.37%
Mediclinic International Plc	MEP	111.50	111.29	-0.19%
Truworths	TRW	52.77	53.48	1.35%
Nedbank Group Limited	NBK	213.22	215.93	1.27%
Standard Bank Group	SNB	170.84	175.04	2.46%
Shoprite Holdings	SRH	219.91	223.96	1.84%
FirstRand Limited	FST	61.80	62.27	0.76%
Momentum Metropolitan Holdings	MMT	17.80	18.25	2.53%
Old Mutual Ltd	OMM	11.41	11.70	2.54%
Sanlam Limited	SLA	55.86	56.51	1.16%
Santam Limited	SNM	279.95	288.90	3.20%
Vukile Property Fund Limited	VKN	12.43	12.47	0.32%
Investec Limited	IVD	97.55	97.50	-0.05%
PSG Konsult Limited	KFS	12.20	12.50	2.46%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	333.23	333.13	-0.03%
New Gold Palladium ETF	NGNPLD	249.37	249.02	-0.14%
New Gold Platinum ETF N	NGNPLT	171.85	169.80	-1.19%
New Funds S&P NAM Bond	NFNAMA	18.36	18.45	0.49%

Table 4: ETFs

Exchange Rates @ 07:00
USD/NAD	18.18
EUR/NAD	19.70
GBP/NAD	22.40
EUR/GBP	0.87
EUR/USD	1.08
GBP/USD	1.23
AUD/USD	0.66
USD/JPY	131.71
Commodities @ 07:00
Gold	1,983.15
Silver	23.31
Platinum	965.75
Palladium	1,414.50
WTI	73.73
Brent	78.47

Table 5: Exchange Rates and Commodities 

Local News

About 80% of the education ministry’s budget is allocated towards personnel expenditure. With an increase in learner enrolment of over 40 000 learners this year, this means more teachers will need to be hired, and is set to further increase the wage bill. (Sun Newspaper)

Namibia’s penultimate National Development Plan before realizing Vision 2030 goals and objectives will be extended for two years to enable completion. (New Era Newspaper)

Five candidates shortlisted for the Windhoek municipality's strategic executive for information and communication technology (ICT) position will conduct public presentations on Wednesday to motivate why they should be considered for appointment. (The Namibian Newspaper)

Sub-Sahara News

The Competition Commission issued a damning report flagging possibly unreasonable price increases of certain food staples – but analysts say currency woes and sharply rising logistical and load-shedding costs could be the main culprits. (News24)

South Africa’s Public Enterprises Minister Pravin Gordhan will lead a delegation to China next month in a bid to break an impasse over the delivery of locomotives and spare parts by Chinese rail equipment maker CRRC E-Loco, state-owned logistics company Transnet said on Tuesday. (CNBC Africa)

In the bustling village of Satara, Niger, Haruna Badjie was once just another farmer struggling to make a living in the face of environmental and ecological crises. (All Africa News)

International News

External pressure will not stop Taiwan from engaging with the world, President Tsai Ing-wen said on Wednesday as she left for the United States, hitting a defiant note after China threatened retaliation if she met U.S. House Speaker Kevin McCarthy. (Reuters)

Asian markets gained on Wednesday amidst global bullish sentiment that followed renewed assurances from the U.S. government on support amidst the banking crisis (RTT News)

During a five-hour grilling of the chief executive of TikTok last week, United States lawmakers railed against the possibility of China using the wildly popular, partly Chinese-owned app to spy on Americans. (Aljazeera News)