Category: Equity Market Research

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	85,082.00	7,763,995.56	100.00%
ETFs	-	-	0.00%
Total	85,082.00	7,763,995.56	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 7,763,995.56 worth of shares was traded on the NSX on Tuesday with about N$ 1,422,893 worth of shares belonging to Anglo-American and trades on the home front. No ETFs were traded on Tuesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share performance on the overall bourse sets its course on an upward trajectory amid the bull-like market conditions on the dual listed markets.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.79	13.79	0.00%
First Rand Namibia	FNB	33.51	33.51	0.00%
Standard Bank Namibia	SNO	5.14	5.14	0.00%
Oryx Limited	ORY	11.38	11.38	0.00%
Letshego	LHN	3.51	3.51	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	13.19	13.19	0.00%
Mobile Telecommunication Company	MOC	7.06	7.06	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

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Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	700.25	702.07	0.26%
B2Gold Corporation	B2G	64.74	61.48	-5.04%
Oceana Group Limited	OCG	69.73	71.18	2.08%
Mediclinic International Plc	MEP	107.60	108.10	0.46%
Truworths	TRW	66.22	66.86	0.97%
Nedbank Group Limited	NBK	229.15	229.88	0.32%
Standard Bank Group	SNB	177.83	177.97	0.08%
Shoprite Holdings	SRH	231.30	230.92	-0.16%
FirstRand Limited	FST	64.81	65.54	1.13%
Momentum Metropolitan Holdings	MMT	19.73	19.60	-0.66%
Old Mutual Ltd	OMM	11.71	11.65	-0.51%
Sanlam Limited	SLA	57.15	57.89	1.29%
Santam Limited	SNM	291.05	289.29	-0.60%
Vukile Property Fund Limited	VKN	13.60	13.47	-0.96%
Investec Limited	IVD	113.76	114.20	0.39%
PSG Konsult Limited	KFS	12.20	12.55	2.87%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	309.95	307.72	-0.72%
New Gold Palladium ETF	NGNPLD	267.82	268.64	0.31%
New Gold Platinum ETF N	NGNPLT	162.56	163.66	0.68%
New Funds S&P NAM Bond	NFNAMA	18.21	18.24	0.16%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.88
EUR/NAD	19.17
GBP/NAD	21.70
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	132.17
Commodities @ 08:00
Gold	1,868.00
Silver	21.96
Platinum	958.15
Palladium	1,548.50
WTI	78.59
Brent	85.07

Table 5: Exchange Rates and Commodities 

Local News

As of December 2022, seven months after the deadline for members of parliament to declare their assets, only 39% had done so. (Sun Newspaper)

The Ministry of Industrialization and Trade aims to develop donated land in both the Republic of Congo and in the Democratic Republic of Congo to promote trade in Namibian goods and services in west and central Africa. According to a trade ministry spokesperson, next on the schedule for these developments are the clearing of sites to construct trade. (New Era Newspaper)

Director General of the Namibian Broadcasting Corporation (NBC) Stanley Similo said the national broadcaster is currently in the process of acquiring full ownership of the Miss Namibia franchise. (The Namibian)

Sub-Sahara News

Eskom's losses may balloon to R20bn this year - R8bn more than the previous year. (News24)

Digital currency markets are on edge after a flurry of aggressive regulatory actions from U.S. authorities over the past few days. (CNBC Africa)

SA Tourism announced today that it will be pushing ahead with the controversial almost R1 billion Tottenham Hotspur sponsorship proposal. The sponsorship would see the football club advertise South Africa as a tourist destination, Eyewitness News reports. Despite condemnation from various quarters of South African society including President Cyril Ramaphosa, SA Tourism said it will be moving ahead with the next step of the Tottenham Hotspur sponsorship proposal. (All Africa News)

International News

Air India's record aircraft deal has put the Tata Group-owned airline in the league of aspiring global carriers. (Reuters)

European stocks are likely to open on a positive note Tuesday despite lingering worries about higher interest rates (RTT News)

United States President Joe Biden has fired the Architect of the Capitol (AOC), a figure responsible for the upkeep and operation of the buildings that house Congress and other key government offices, amid criticism that he abused his position. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	112,606.00	4,098,557.21	100.00%
ETFs	-	-	0.00%
Total	112,606.00	4,098,557.21	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 4,098,557.21 worth of shares was traded on the NSX on Monday with about N$ 1,572,177 worth of shares belonging to Anglo-American and N$  221,836 from FirstRand Namibia Ltd on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share performance on the overall bourse bounce back to 700 price level after a downward spiral amid tough bearish market conditions
• FirstRand Namibia shares were traded resulting in a slight increase in share price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.79	13.79	0.00%
First Rand Namibia	FNB	33.50	33.51	0.03%
Standard Bank Namibia	SNO	5.11	5.14	0.59%
Oryx Limited	ORY	11.38	11.38	0.00%
Letshego	LHN	3.51	3.51	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	13.19	13.19	0.00%
Mobile Telecommunication Company	MOC	7.03	7.06	0.43%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

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Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	699.11	700.25	0.16%
B2Gold Corporation	B2G	64.49	64.74	0.39%
Oceana Group Limited	OCG	71.58	69.73	-2.58%
Mediclinic International Plc	MEP	107.39	107.60	0.20%
Truworths	TRW	64.42	66.22	2.79%
Nedbank Group Limited	NBK	228.23	229.15	0.40%
Standard Bank Group	SNB	177.50	177.83	0.19%
Shoprite Holdings	SRH	230.68	231.30	0.27%
FirstRand Limited	FST	64.26	64.81	0.86%
Momentum Metropolitan Holdings	MMT	19.45	19.73	1.44%
Old Mutual Ltd	OMM	11.67	11.71	0.34%
Sanlam Limited	SLA	56.95	57.15	0.35%
Santam Limited	SNM	291.00	291.05	0.02%
Vukile Property Fund Limited	VKN	13.40	13.60	1.49%
Investec Limited	IVD	112.13	113.76	1.45%
PSG Konsult Limited	KFS	12.30	12.20	-0.81%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	310.49	309.95	-0.17%
New Gold Palladium ETF	NGNPLD	271.04	267.82	-1.19%
New Gold Platinum ETF N	NGNPLT	166.01	162.56	-2.08%
New Funds S&P NAM Bond	NFNAMA	18.21	18.21	0.00%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.88
EUR/NAD	19.18
GBP/NAD	21.69
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.21
AUD/USD	0.69
USD/JPY	131.62
Commodities @ 08:00
Gold	1,867.40
Silver	21.95
Platinum	959.40
Palladium	1,549.03
WTI	79.12
Brent	85.81

Table 5: Exchange Rates and Commodities 

Local News

PB market capitalization rose above £100 billion (R2.1 trillion) for the first time in three years as shareholders rewarded the company for a pivot back toward its fossil-fuel orientation (Sun Newspaper)

The country’s biggest telecommunications provider, Mobile Telecommunications Limited (MTC), is anticipating taking a leap into the financial services arena this year. Providing a glimpse into what can be expected, the company’s spokesman Tim Ekandjo last week hinted that MTC’s mobile financial services will indeed become a reality somewhere during the course of this year. (New Era Newspaper)

An online petition in which Namibians can express their frustration with the public health system and the tenderpreneurs allegedly fleecing it has attracted thousands of signatures. The petition follows a huge public outcry on medical health supply and pharmaceutical tenders worth billions, which are currently under review by the Central Procurement Board of Namibia (CPBN) (The Namibian)

Sub-Sahara News

The Property Practitioners Regulatory Authority (PPRA) has fined an estate agent R25 000 for discriminating against a black tenant. (News24)

The South African rand slid on Monday, after rating agency Moody’s flagged risks from crippling power cuts and as the dollar advanced on investor bets that the U.S. Federal Reserve would keep monetary policy tight for longer. (CNBC Africa)

Former Minister of Information Dr. Chris Mushowe has died. “We have lost former Minister of Information Dr. Chris Mushowe. May His Soul Rest in Peace," said Nick Mangwana, the permanent secretary for Zimbabwe's Ministry of Information, Publicity and Broadcasting Services. (All Africa News)

International News

China's capital Beijing will support leading enterprises in building large artificial intelligence (AI) models that can challenge ChatGPT, the city's economy and information technology bureau said on Monday. (Reuters)

European stocks are likely to open on a positive note Tuesday despite lingering worries about higher interest rates (RTT News)

United States fighter jets have shot down an “unidentified object” flying near the Canadian border in the Midwest, the Pentagon said, the latest incident since a suspected Chinese surveillance balloon put North American security forces on high alert. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	319,834.00	6,742,172.81	93.88%
ETFs	1,418.00	439,665.08	6.12%
Total	321,252.00	7,181,837.89	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 6,742,172.81 worth of shares was traded on the NSX on Friday with about N$ 347,935 worth of shares belonging to Anglo-American and N$ 9,653 from Capricorn Group on the home front. ETFs worth N$ 439,665.08 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share performance on the overall bourse drops to below the 700 price level for the first time this year.
• Capricorn Group shares were traded resulting in a slight decline in share price at closing.
• New Gold Issuer Ltd NM ETF was subscribed by market participants

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.80	13.79	-0.07%
First Rand Namibia	FNB	33.50	33.50	0.00%
Standard Bank Namibia	SNO	5.11	5.11	0.00%
Oryx Limited	ORY	11.38	11.38	0.00%
Letshego	LHN	3.51	3.51	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	13.19	13.19	0.00%
Mobile Telecommunication Company	MOC	7.03	7.03	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

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Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	720.52	699.11	-2.97%
B2Gold Corporation	B2G	67.37	64.49	-4.27%
Oceana Group Limited	OCG	71.21	71.58	0.52%
Mediclinic International Plc	MEP	106.40	107.39	0.93%
Truworths	TRW	66.34	64.42	-2.89%
Nedbank Group Limited	NBK	232.05	228.23	-1.65%
Standard Bank Group	SNB	180.94	177.50	-1.90%
Shoprite Holdings	SRH	230.89	230.68	-0.09%
FirstRand Limited	FST	64.95	64.26	-1.06%
Momentum Metropolitan Holdings	MMT	19.66	19.45	-1.07%
Old Mutual Ltd	OMM	11.80	11.67	-1.10%
Sanlam Limited	SLA	58.35	56.95	-2.40%
Santam Limited	SNM	291.66	291.00	-0.23%
Vukile Property Fund Limited	VKN	13.35	13.40	0.37%
Investec Limited	IVD	114.44	112.13	-2.02%
PSG Konsult Limited	KFS	12.56	12.30	-2.07%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	309.61	310.49	0.28%
New Gold Palladium ETF	NGNPLD	279.29	271.04	-2.95%
New Gold Platinum ETF N	NGNPLT	165.28	166.01	0.44%
New Funds S&P NAM Bond	NFNAMA	18.24	18.21	-0.16%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.93
EUR/NAD	19.14
GBP/NAD	21.61
EUR/GBP	0.88
EUR/USD	1.06
GBP/USD	1.20
AUD/USD	0.68
USD/JPY	131.62
Commodities @ 08:00
Gold	1,869.40
Silver	21.85
Platinum	945.10
Palladium	1,528.00
WTI	78.87
Brent	85.68

Table 5: Exchange Rates and Commodities 

Local News

As investigations continue into the massive fraudulent tax refund scam, the amount involved may reach up to N$400 million. This is according to the commissioner of the Namibia Revenue Agency.  (Sun Newspaper)

Coastal-based clearing and forwarding agencies are up in arms over the latest amendment by the Namibia Revenue Agency (NamRA) on the transportation of in-transit second-hand vehicles. The agents believe the directive will have disastrous financial implications for many families and clearing and forwarding agencies operating in Namibia. (New Era Newspaper)

The ministry of health, through the Namibia Medicines Regulatory Council, has confirmed that there are two registered pharmaceutical manufacturers in the country, Fabupharm, and Africure. (The Namibian)

Sub-Sahara News

Gauteng Premier Panyaza Lesufi called for serious action over illegal guns following the merciless public murders of hip hop star Kiernan "AKA" Forbes and his close friend, celebrity chef Tebello "Tibz" Motsoane. (News24)

South Africa’s logistics utility Transnet on Friday suspended freight rail services on its North East Corridor, which links with several countries in southern Africa, as heavy rains damaged infrastructure on the line. (CNBC Africa)

South Sudan has long been one of east Africa's most unstable states. But surging external interest in its resources and the diplomatic agility of its rulers are again underlining how pivotal the country remains to regional energy and water politics (All Africa News)

International News

Rescuers pulled more survivors from the rubble on Sunday, nearly a week after one of the worst earthquakes to hit Turkey and Syria, as Turkish authorities sought to maintain order across the disaster zone and began legal action over building collapses. (Reuters)

European stocks are likely to open lower on Monday amid concerns about higher interest rates and heightened U.S.-China tensions fueled by an alleged Chinese spy balloon that was shot down by the U.S. (RTT News)

United States fighter jets have shot down an “unidentified object” flying near the Canadian border in the Midwest, the Pentagon said, the latest incident since a suspected Chinese surveillance balloon put North American security forces on high alert. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	52,007.00	5,391,744.19	100.00%
ETFs	-	-	0.00%
Total	52,007.00	5,391,744.19	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 5,391,744.19 worth of shares was traded on the NSX on Wednesday with about N$ 1,405,175 worth of shares belonging to Anglo-American and N$ 2,276 from Oryx Properties Limited on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share performance on the overall bourse declined post its agreement to acquire a 99% minority interest in Canada Nickel, owned by Crawford nickel project
• Oryx Properties’ shares were traded resulting in no change in share price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.53	13.53	0.00%
First Rand Namibia	FNB	33.04	33.04	0.00%
Standard Bank Namibia	SNO	5.11	5.11	0.00%
Oryx Limited	ORY	11.38	11.38	0.00%
Letshego	LHN	3.51	3.51	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	13.19	13.19	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	0.00%
Alpha Namibia Industries Renewable Power Limited	ANE	9.00	9.00	0.00%

Table 2: Primary listed Trades

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Name	South African Dual Listed Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Anglo-American plc	ANM	716.85	717.06	0.03%
B2Gold Corporation	B2G	66.34	66.67	0.50%
Oceana Group Limited	OCG	70.50	71.80	1.84%
Mediclinic International Plc	MEP	104.96	106.16	1.14%
Truworths	TRW	67.53	65.68	-2.74%
Nedbank Group Limited	NBK	231.40	231.63	0.10%
Standard Bank Group	SNB	179.72	179.53	-0.11%
Shoprite Holdings	SRH	230.77	230.40	-0.16%
FirstRand Limited	FST	64.89	64.65	-0.37%
Momentum Metropolitan Holdings	MMT	19.40	19.65	1.29%
Old Mutual Ltd	OMM	11.65	11.84	1.63%
Sanlam Limited	SLA	58.00	58.40	0.69%
Santam Limited	SNM	289.23	290.84	0.56%
Vukile Property Fund Limited	VKN	13.14	13.40	1.98%
Investec Limited	IVD	110.30	113.08	2.52%
PSG Konsult Limited	KFS	12.27	12.44	1.39%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	307.67	309.94	0.74%
New Gold Palladium ETF	NGNPLD	283.21	282.05	-0.41%
New Gold Platinum ETF N	NGNPLT	164.66	167.87	1.95%
New Funds S&P NAM Bond	NFNAMA	18.21	18.21	0.00%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.75
EUR/NAD	19.01
GBP/NAD	21.42
EUR/GBP	0.88
EUR/USD	1.07
GBP/USD	1.20
AUD/USD	0.69
USD/JPY	131.30
Commodities @ 08:00
Gold	1,889.35
Silver	22.32
Platinum	9875.75
Palladium	1,633.78
WTI	78.42
Brent	85.12

Table 5: Exchange Rates and Commodities 

Local News

President Hage Geingob yesterday told ministers who are in Cabinet to advance their own personal agendas and who disagree with the executive’s collective decision-making to resign (Sun Newspaper)

One of the claimants Ovaherero Traditional Authority paramount chiefs, academic Mutjinde Katjiua, says he has located his mission for the polarised community, but like his predecessors, he too faces counter-revolutionary forces. (New Era Newspaper)

Small business operators, commonly known as 'order with me' entrepreneurs, have lashed out over paperwork requirements before importing cellphones and other telecommunications gadgets. This comes as the Communications Regulatory Authority of Namibia (CRAN) and the Namibia Revenue Agency (NAMRA) have teamed up to crack down on cellphones and other communications devices imported without proper paperwork. (The Namibian)

Sub-Sahara News

Civic organizations want President Cyril Ramaphosa to deliver more concrete plans to fix the country in his State of the Nation Address (SONA) on Thursday. (News24)

Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless commodity costs decline or the shift to cheaper store-brand products accelerates. (CNBC Africa)

The Supreme Court Wednesday ordered the Central Bank of Nigeria (CBN) not to end the use of old naira notes on 10 February. (All Africa News)

International News

President Tayyip Erdogan on Wednesday admitted there were problems with his government's initial response to a devastating earthquake in southern Turkey, amid anger from those left destitute and frustrated over the slow arrival of rescue teams. (Reuters)

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders reacted positively to the US Fed's decision not to raise its benchmark lending rate more than widely expected. (RTT News)

The United States Navy has released the first official images of its effort to recover what Washington says was a Chinese “surveillance balloon”, which was shot down over the Atlantic Ocean after being spotted in US airspace last week. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	732,485.00	26,442,292.36	100.00%
ETFs	-	-	0.00%
Total	732,485.00	26,442,292.36	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$26,442,292.36 worth of shares was traded on the NSX on Monday with about N$ 6,945,290 worth of shares belonging to Anglo-American and N$ 1,161,178 from Namibia Breweries on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share performance on the overall bourse yielded negative returns on the stock market amid a market meltdown
• Namibia Breweries shares were traded resulting in no change in share price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.52	13.53	0.07%
First Rand Namibia	FNB	33.03	33.03	0.00%
Standard Bank Namibia	SNO	7.00	5.11	-27.00%
Oryx Limited	ORY	11.39	11.38	-0.09%
Letshego	LHN	3.51	3.51	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	13.19	13.19	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	716.81	707.88	-1.25%
B2Gold Corporation	B2G	66.80	66.20	-0.90%
Oceana Group Limited	OCG	71.75	71.80	0.07%
Mediclinic International Plc	MEP	104.61	105.53	0.88%
Truworths	TRW	68.29	67.79	-0.73%
Nedbank Group Limited	NBK	234.75	233.19	-0.66%
Standard Bank Group	SNB	179.50	179.00	-0.28%
Shoprite Holdings	SRH	232.17	231.00	-0.50%
FirstRand Limited	FST	65.90	64.77	-1.71%
Momentum Metropolitan Holdings	MMT	19.62	19.42	-1.02%
Old Mutual Ltd	OMM	11.83	11.70	-1.10%
Sanlam Limited	SLA	58.79	58.22	-0.97%
Santam Limited	SNM	284.76	284.14	-0.22%
Vukile Property Fund Limited	VKN	13.54	13.19	-2.58%
Investec Limited	IVD	112.25	109.71	-2.26%
PSG Konsult Limited	KFS	12.73	12.49	-1.89%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	303.78	308.23	1.46%
New Gold Palladium ETF	NGNPLD	271.67	270.48	-0.44%
New Gold Platinum ETF N	NGNPLT	166.89	166.74	-0.09%
New Funds S&P NAM Bond	NFNAMA	18.34	18.26	-0.44%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.61
EUR/NAD	18.92
GBP/NAD	21.22
EUR/GBP	0.89
EUR/USD	1.07
GBP/USD	1.20
AUD/USD	0.69
USD/JPY	132.34
Commodities @ 08:00
Gold	1,886.25
Silver	22.40
Platinum	1,612.00
Palladium	1,581.78
WTI	74.94
Brent	81.78

Table 5: Exchange Rates and Commodities 

Local News

The National Housing Enterprise’s (NHE) board this week bluntly rejected proposals from employees for a pay raise, citing the company’s poor financial performance, amongst other constraints. (Sun Newspaper)

In response to reports about the confiscation of a sail drone found in Namibian territorial waters near Lüderitz, the United States embassy in Namibia strongly refuted claims that its government is involved with or has interfered with the confiscated drone. (New Era Newspaper)

The Roads Authority (RA) Namibia has started the planning process for the upgrading of the Bukalo-Muyako-Ngoma (DR3507) and Silumbi-Sizimbukwa (DR3559) gravel roads in the Zambezi region to low-volume seal standards. (The Namibian)

Sub-Sahara News

The South African Jewish Board on Monday released a statement slamming SA Rugby's decision to withdraw an invitation to an Israeli rugby team to play in the country. (News24)

Ghana’s finance minister told a group of protesting retiree bondholders on Monday they were being offered a good deal, as the government of the struggling West African nation pushes to get a domestic debt exchange over the line by Tuesday. (CNBC Africa)

TotalEnergies Patrick Pouyanne on Friday 3 February visited Palma and Mocimba da Praia towns and the Afungi gas site and then met President Filipe Nyusi in Pemba. Pouyanne's message was hard, and he named an eminent French humanitarian and intellectual, Jean-Christophe Rufin, to work with the Mozambicans. (All Africa News)

International News

A senior U.S. general responsible for bringing down a Chinese spy balloon said on Monday the military had not detected previous spy balloons before the one that appeared on Jan. 28 over the United States and called it an "awareness gap." (Reuters)

Flash quarterly national accounts from the euro area and other major European economies are due on Tuesday, headlining a hectic day for the European economic news (RTT News)

United Nations Secretary-General Antonio Guterres has warned the world that it may be heading towards a “wider war” as the risk of a further escalation of the Russia-Ukraine conflict rises. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	373,452.00	9,736,614.69	97.78%
ETFs	723.00	220,876.50	2.22%
Total	374,175.00	9,957,491.19	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$9,736,614.69 worth of shares was traded on the NSX on Friday with about N$ 331,098 worth of shares belonging to Anglo-American and N$254,953 from FirstRand Namibia Ltd on the home front. ETFs worth N$220,876.50 were traded on Friday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share performance on the overall bourse switched trajectory into a positive arena amid the production
• FirstRand Namibia shares were traded resulting in no change in share price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.52	13.52	0.00%
First Rand Namibia	FNB	33.02	33.03	0.00%
Standard Bank Namibia	SNO	5.11	7.00	36.99%
Oryx Limited	ORY	11.40	11.39	-0.09%
Letshego	LHN	3.51	3.51	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	13.19	13.19	0.00%
Mobile Telecommunication Company	MOC	7.04	7.04	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	709.68	716.81	1.00%
B2Gold Corporation	B2G	69.39	66.80	-3.73%
Oceana Group Limited	OCG	71.88	71.75	-0.18%
Mediclinic International Plc	MEP	103.50	104.61	1.07%
Truworths	TRW	67.90	68.29	0.57%
Nedbank Group Limited	NBK	237.48	234.75	-1.15%
Standard Bank Group	SNB	180.50	179.50	-0.55%
Shoprite Holdings	SRH	233.61	232.17	-0.62%
FirstRand Limited	FST	65.53	65.90	0.56%
Momentum Metropolitan Holdings	MMT	19.18	19.62	2.29%
Old Mutual Ltd	OMM	11.84	11.83	-0.08%
Sanlam Limited	SLA	58.89	58.79	-0.17%
Santam Limited	SNM	284.17	284.76	0.21%
Vukile Property Fund Limited	VKN	13.60	13.54	-0.44%
Investec Limited	IVD	110.75	112.25	1.35%
PSG Konsult Limited	KFS	12.82	12.73	-0.70%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	306.29	303.78	-0.82%
New Gold Palladium ETF	NGNPLD	273.73	271.67	-0.75%
New Gold Platinum ETF N	NGNPLT	167.36	166.89	-0.28%
New Funds S&P NAM Bond	NFNAMA	18.44	18.34	-0.54%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.48
EUR/NAD	18.87
GBP/NAD	21.07
EUR/GBP	0.89
EUR/USD	1.07
GBP/USD	1.20
AUD/USD	0.69
USD/JPY	132.21
Commodities @ 08:00
Gold	1,883.15
Silver	22.35
Platinum	1,611.03
Palladium	1,612.53
WTI	73.62
Brent	80.19

Table 5: Exchange Rates and Commodities 

Local News

Mike Kaveketora, who lost the elections of the Ovaherero Traditional Authority (OTA) to Hoze Riruako, has urged the Ovaherero people to unite for socioeconomic development (Sun Newspaper)

A Namibian man, who claims to be the inventor of MTC’s multiple Aweh concept, is dragging the telecommunications giant to the High Court for copyright infringement. (New Era Newspaper)

The Communications Regulatory Authority of Namibia (Cran) and the Namibia Revenue Agency (Namra) will soon be enforcing control measures on the importation of all telecommunication equipment. (The Namibian)

Sub-Sahara News

Having just had Nthabiseng Tshivhenga elected as the interim Speaker in the Ekurhuleni Metro, the EFF is in line for, at least, five members of the mayoral committee (MMC) positions in the municipality. (News24)

Stocks in the Asia-Pacific traded mixed on Friday as shares of Adani Enterprises plunged and last traded 15% lower, continuing a sell-off triggered by allegations raised by short seller firm Hindenburg. (CNBC Africa)

The East African Community (EAC) Summit has ordered the immediate withdrawal of foreign armed groups in Eastern DRC as part of renewed efforts to end clashes in the region. (All Africa News)

International News

Ukraine is set to replace Defense Minister Oleksii Reznikov with the chief of its military spy agency, a close ally of President Volodymyr Zelenskiy said on Sunday, in a reshuffle at the forefront of Ukraine's war campaign. (Reuters)

European stocks are likely to open on a subdued note Monday as investors look ahead to the interest rate decisions from the Federal Reserve, the European Central Bank, and the Bank of England this week for directional cues (RTT News)

Europe has imposed a ban on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earnings as punishment for invading Ukraine. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	2,052,547.00	46,541,191.92	100.00%
ETFs	-	-	0.00%
Total	2,052,547.00	46,541,191.92	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$46,541,191.92 worth of shares was traded on the NSX on Monday with about N$ 4,046,367 worth of shares belonging to Anglo-American and N$ 873,218 from Namibia Breweries on the home front. No ETFs were traded on Monday

HEI Market Commentary

From the trading activity that took place:

• Anglo-American’s share performance on the overall bourse slightly declined, amid commodity prices softening on the markets.
• Namibia Breweries shares were traded resulting in no change in share price at closing.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.00	46.00	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.50	13.51	0.07%
First Rand Namibia	FNB	33.01	33.02	0.03%
Standard Bank Namibia	SNO	5.11	5.11	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.19	-0.08%
Mobile Telecommunication Company	MOC	7.03	7.04	0.14%
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	760.09	758.74	-0.18%
B2Gold Corporation	B2G	70.80	69.48	-1.86%
Oceana Group Limited	OCG	68.50	68.50	0.00%
Mediclinic International Plc	MEP	105.64	106.63	0.94%
Truworths	TRW	67.37	66.56	-1.20%
Nedbank Group Limited	NBK	228.00	228.33	0.14%
Standard Bank Group	SNB	174.07	175.46	0.80%
Shoprite Holdings	SRH	239.76	244.30	1.89%
FirstRand Limited	FST	65.07	65.49	0.65%
Momentum Metropolitan Holdings	MMT	19.02	18.77	-1.31%
Old Mutual Ltd	OMM	11.96	11.97	0.08%
Sanlam Limited	SLA	56.41	56.61	0.35%
Santam Limited	SNM	281.62	274.12	-2.66%
Vukile Property Fund Limited	VKN	13.12	13.02	-0.76%
Investec Limited	IVD	111.15	110.65	-0.45%
PSG Konsult Limited	KFS	12.44	12.38	-0.48%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	308.56	311.27	0.88%
New Gold Palladium ETF	NGNPLD	270.86	271.89	0.38%
New Gold Platinum ETF N	NGNPLT	167.87	169.26	0.83%
New Funds S&P NAM Bond	NFNAMA	18.33	18.27	-0.33%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.39
EUR/NAD	18.89
GBP/NAD	21.51
EUR/GBP	0.87
EUR/USD	1.08
GBP/USD	1.23
AUD/USD	0.70
USD/JPY	130.08
Commodities @ 08:00
Gold	1,925.70
Silver	23.76
Platinum	1,019.15
Palladium	1,626.53
WTI	77.97
Brent	84.65

Table 5: Exchange Rates and Commodities 

Local News

Agriculture minister Calle Schlettwein says Meatco is still in the intensive care unit (ICU) and a decision must be taken on whether to terminate life support or breathe new life in the SOE (Sun Newspaper)

National rail service provider TransNamib remains in a challenging financial position due to its short-term cash-flow position and limited rolling stock capacity. (New Era Newspaper)

Ohangwena governor Walde Ndevashiya is pleading for good Samaritans to assist the affected communities with tents, food, and other necessities amid a second flood wave arriving from Angola. (The Namibian)

Sub-Sahara News

South Africa is considering declaring a national state of disaster as record power cuts cripple the economy. (News24)

Nigeria’s government bonds fell heavily on Monday after rating agency Moody’s downgraded the West African oil producer late on Friday to Caa1 from B3, saying the government’s fiscal and debt position was expected to keep deteriorating. (CNBC Africa)

Hopes for the Johnson & Johnson (J&J) Mosaico vaccine - the only HIV vaccine candidate in late-stage (Phase 3) clinical trials - were dashed with manufacturer Janssen Pharmaceuticals' recent announcement that the vaccine lacked efficacy in preventing HIV infection. In the wake of this announcement, top South African HIV clinicians are now setting their sights on different approaches to finding an HIV vaccine. (All Africa News)

International News

More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co (LUV.N) (Reuters)

Asian stock markets are mostly higher in thin holiday trading on Tuesday, following the broadly positive cues from global markets overnight, boosted by strong gains in technology stocks, which mirrored their peers on the tech-heavy Nasdaq (RTT News)

Brazil’s former President Jair Bolsonaro has applied for a six-month tourist visa to remain in the United States, his lawyer said, as the far-right politician faces an investigation at home into accusations he helped incite this month’s riot in the Brazilian capital. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	251,046.00	9,202,682.06	100.00%
ETFs	-	-	0.00%
Total	251,046.00	9,202,682.06	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 9,202,682.06 worth of shares was traded on the NSX on Wednesday with about N$ 997,554 worth of shares belonging to Shoprite Holdings and N$ 349,985 from Oryx Properties Limited on the home front. No ETFs were traded on Wednesday

HEI Market Commentary

From the trading activity that took place:

• Shoprite’s performance on the overall bourse slightly increased by 0.3% from one buy transactional deal
• Oryx Properties shares were traded by market participants, with no change in share price.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.51	13.51	0.00%
First Rand Namibia	FNB	33.01	33.01	0.00%
Standard Bank Namibia	SNO	4.46	4.46	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.02	7.03	0.14%
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	748.66	760.73	1.61%
B2Gold Corporation	B2G	70.62	71.38	1.08%
Oceana Group Limited	OCG	67.75	68.00	0.37%
Mediclinic International Plc	MEP	105.46	105.22	-0.23%
Truworths	TRW	63.53	63.57	0.06%
Nedbank Group Limited	NBK	224.95	223.39	-0.69%
Standard Bank Group	SNB	173.45	171.56	-1.09%
Shoprite Holdings	SRH	247.19	247.92	0.30%
FirstRand Limited	FST	64.70	64.17	-0.82%
Momentum Metropolitan Holdings	MMT	18.67	18.59	-0.43%
Old Mutual Ltd	OMM	11.64	11.40	-2.06%
Sanlam Limited	SLA	54.47	54.34	-0.24%
Santam Limited	SNM	270.51	270.00	-0.19%
Vukile Property Fund Limited	VKN	13.02	13.11	0.69%
Investec Limited	IVD	110.19	108.63	-1.42%
PSG Konsult Limited	KFS	12.37	12.30	-0.57%

Table 3: Dual Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	310.77	309.13	-0.53%
New Gold Palladium ETF	NGNPLD	283.54	286.18	0.93%
New Gold Platinum ETF N	NGNPLT	174.59	172.97	-0.93%
New Funds S&P NAM Bond	NFNAMA	18.20	18.28	0.44%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.10
EUR/NAD	18.66
GBP/NAD	21.20
EUR/GBP	0.88
EUR/USD	1.09
GBP/USD	1.23
AUD/USD	0.71
USD/JPY	129.38
Commodities @ 08:00
Gold	1,945.85
Silver	23.92
Platinum	1,043.90
Palladium	1,698.50
WTI	80.31
Brent	86.12

Table 5: Exchange Rates and Commodities 

Local News

A total of 6.82 million kilograms of pork was imported into Namibia last year, a decline of 8.9% compared to the 7.56 million kilograms imported during 2021 (Sun Newspaper)

In the quest to make higher education and training accessible to eligible and qualifying students, the government, through the Namibia Student Financial Assistance Fund, has invested over N$7 billion in student funding at public and private institutions for the past five years (New Era Newspaper)

THE Agro-Marketing and Trade Agency (AMTA) boss, Lungameni Lucas, failed to protect the interests of the state-owned agriculture company when AMTA went into a N$57 million property deal with businessman Erastus 'Chicco' Shapumba. (The Namibian)

Sub-Sahara News

South Africa’s central bank is set to moderate its most aggressive interest-rate hiking cycle in at least two decades on Thursday, and economists and traders will be on high alert for any signs of a pivot away from policy tightening. (News24)

Africa must produce more food instead of relying on imports and aid, Senegalese President Macky Sall told leaders gathered in the West African nation’s capital for a summit on Wednesday. (CNBC Africa)

Tanzania opposition leader Tundu Lissu has returned to the country from self-imposed exile in Belgium, where he had lived since surviving an assassination attempt in 2017 when he was shot 16 times (All Africa News)

International News

European Union migration ministers meet on Thursday to discuss visa restrictions and better coordination inside the bloc to be able to send more people with no right to asylum in Europe back to their home countries including Iraq. (Reuters)

Asian stocks ended mixed on Thursday amid lingering uncertainty about the outlook for the global economy. Disappointing U.S. data was released overnight and hawkish Fed comments added to the downbeat sentiment. (RTT News)

Ukraine says it will now push for Western fourth-generation fighter jets such as the American F-16 after securing dozens of high-end battle tanks from NATO allies. (Aljazeera News)

NSX Trades	Traded Volume (No. Shares)	Monetary Amount (N$)	Trading Contribution (%)
Overall	636,256.00	17,226,953.10	96.22%
ETFs	3,013.00	676,108.57	3.78%
Total	639,269.00	17,903,061.67	100.00%

Table 1: NSX Trades

NSX Activities

A total of N$ 17,226,953.10 worth of shares was traded on the NSX on Tuesday with about N$1,962,625 worth of shares belonging to Anglo-American plc and N$ 4,417,051 from Namibia Breweries on the home front. ETFs worth N$ 676,108.57 were traded on Tuesday.

HEI Market Commentary

From the trading activity that took place:

• Anglo-American performance on the overall bourse declined on the backdrop of bearish performance in the global markets
• Namibia Breweries shares were traded by market participants, with no change in share price.
•  New Gold Issuer Ltd NM & New Gold Platinum ETF N were both subscribed by market participants yesterday as the volatility of the markets pushed for more engagements in gold futures.

Name	NSX Local Ticker	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
Namibian Breweries	NBS	46.01	46.01	0.00%
Nictus Holdings	NHL	1.90	1.90	0.00%
Capricorn	CGP	13.51	13.51	0.00%
First Rand Namibia	FNB	33.00	33.01	0.03%
Standard Bank Namibia	SNO	4.46	4.46	0.00%
Oryx Limited	ORY	11.49	11.49	0.00%
Letshego	LHN	3.50	3.50	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	13.20	13.20	0.00%
Mobile Telecommunication Company	MOC	7.03	7.02	-0.14%
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	765.46	748.66	-2.19%
B2Gold Corporation	B2G	71.24	70.62	-0.87%
Oceana Group Limited	OCG	68.00	67.75	-0.37%
Mediclinic International Plc	MEP	105.32	105.46	0.13%
Truworths	TRW	64.31	63.53	-1.21%
Nedbank Group Limited	NBK	224.81	224.95	0.06%
Standard Bank Group	SNB	173.40	173.45	0.03%
Shoprite Holdings	SRH	246.68	247.19	0.21%
FirstRand Limited	FST	64.98	64.70	-0.43%
Momentum Metropolitan Holdings	MMT	18.67	18.67	0.00%
Old Mutual Ltd	OMM	11.62	11.64	0.17%
Sanlam Limited	SLA	54.15	54.47	0.59%
Santam Limited	SNM	264.80	270.51	2.16%
Vukile Property Fund Limited	VKN	13.10	13.02	-0.61%
Investec Limited	IVD	109.41	110.19	0.71%
PSG Konsult Limited	KFS	12.28	12.37	0.73%

Table 3: Dual-Listed Trades

Name	ETFs	Price Previous Close 'N$	Price End of Day 'N$	Daily Change %
New Gold Issuer Ltd NM	NGNGLD	306.96	310.77	1.24%
New Gold Palladium ETF	NGNPLD	284.75	283.54	-0.42%
New Gold Platinum ETF N	NGNPLT	171.43	174.59	1.84%
New Funds S&P NAM Bond	NFNAMA	18.18	18.20	0.11%

Table 4: ETFs

Exchange Rates @ 08:00
USD/NAD	17.17
EUR/NAD	18.71
GBP/NAD	21.18
EUR/GBP	0.88
EUR/USD	1.09
GBP/USD	1.23
AUD/USD	0.71
USD/JPY	130.25
Commodities @ 08:00
Gold	1,940.05
Silver	23.82
Platinum	1,065.90
Palladium	1,733.50
WTI	80.36
Brent	86.46

Table 5: Exchange Rates and Commodities 

Local News

The Ohangwena Regional Council, in partnership with the Office of the Prime Minister, yesterday assisted about 16-20 homesteads evacuated at Onaminda village in Oshikango Constituency over the heavy flooding. (Sun Newspaper)

Standard Bank Namibia has become the first corporate to join MTC by supporting the national internship program with N$200 000.. (New Era Newspaper)

Metal Mill Engineering, a subcontractor at Andrada Mining Limited (former AfriTin Mining Limited) at Uis, dismissed over 45 artisans on Monday. (The Namibian)

Sub-Sahara News

Bank Zero founder and former FNB CEO, Michael Jordaan, says South Africans need to rise and solve their problems at a personal level, including ditching unreliable services, even if it is Eskom. (News24)

Nigeria’s central bank on Tuesday raised its benchmark lending rate by 100 basis points (bps) to 17.5%, as monetary authorities seek to rein in inflation without choking off lending to the private sector. (CNBC Africa)

Small parties and citizens' lists are put at a disadvantage by the electoral law changes made by parliament on 23 December. Candidates' lists must be submitted 60 days before the elections. Each list must have as many candidates as there are seats in the municipal assembly plus at least three supplementary (suplentes) and each candidate must have five documents which are not always easy to obtain. (All Africa News)

International News

The U.S. Justice Department accused Alphabet Inc's (GOOGL.O) Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley's most successful internet companies. (Reuters)

Consumer prices from the UK and passenger car registrations from Europe are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics is set to release UK consumer prices for December. Inflation is forecast to ease to 10.5 percent from 10.7 percent in November. (RTT News)

After promising to radically change Colombian drug policy, the administration of President Gustavo Petro has announced plans this month to reduce forced eradication efforts that, for decades, have remained one of the country’s chief strategies to curb coca, the raw ingredient in cocaine. (Aljazeera News)