| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 1,388,107.00 | 6,809,192.70 | 88.55% |
| ETFs | 3,204.00 | 880,635.64 | 11.45% |
| Total | 1,391,311.00 | 7,689,828.34 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 6,809,192.70 worth of shares was traded on the NSX on Friday, with about N$ 575,209 worth of Anglo-American plc and N$ 3,608,232 worth of Letshego Holdings Ltdon the home front. ETFs worth N$ 880,635.64 were traded on Friday
HEI Market Commentary
From the trading activity that took place:
- Anglo-American shares were allotted by participants as the market bounced back on Friday at the backdrop of the US Labor Data
- Shares belonging FirstRand Namibia were traded with a slight increase in share price
- New Gold Issuer Ltd NM ETF options were subscribed as market upward trajectory performance on Friday
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.00 | 40.00 | 0.00% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 10.75 | 10.75 | 0.00% |
| First Rand Namibia | FNB | 30.03 | 30.03 | 0.00% |
| Standard Bank Namibia | SNO | 4.40 | 4.40 | 0.00% |
| Oryx Limited | ORY | 10.26 | 10.26 | 0.00% |
| Letshego | LHN | 2.65 | 2.65 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 0.00% |
| Stimulus | SILP | 127.90 | 127.90 | 0.00% |
| Paratus Namibia Holdings Ltd | PNH | 13.00 | 13.00 | 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 | 532.57 | 548.34 | 2.96% |
| B2Gold Corporation | B2G | 52.59 | 50.84 | -3.33% |
| Oceana Group Limited | OCG | 55.31 | 54.51 | -1.45% |
| Mediclinic International Plc | MEP | 99.03 | 99.17 | 0.14% |
| Truworths | TRW | 57.74 | 59.40 | 2.87% |
| Nedbank Group Limited | NBK | 201.79 | 205.90 | 2.04% |
| Standard Bank Group | SNB | 153.53 | 155.02 | 0.97% |
| Shoprite Holdings | SRH | 233.59 | 232.03 | -0.67% |
| FirstRand Limited | FST | 63.91 | 64.97 | 1.66% |
| Momentum Metropolitan Holdings | MMT | 16.65 | 16.86 | 1.26% |
| Old Mutual Ltd | OMM | 10.44 | 10.74 | 2.87% |
| Sanlam Limited | SLA | 53.55 | 54.11 | 1.05% |
| Santam Limited | SNM | 244.19 | 239.50 | -1.92% |
| Vukile Property Fund Limited | VKN | 13.25 | 13.34 | 0.68% |
| Investec Limited | IVD | 80.68 | 81.82 | 1.41% |
| PSG Konsult Limited | KFS | 11.00 | 10.50 | -4.55% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 272.81 | 275.55 | 1.00% |
| New Gold Palladium ETF | NGNPLD | 334.57 | 336.81 | 0.67% |
| New Gold Platinum ETF N | NGNPLT | 137.91 | 140.27 | 1.71% |
| New Funds S&P NAM Bond | NFNAMA | 17.11 | 17.21 | 0.58% |
Table 4: ETFs
| Exchange Rates @ 08:00 | |
| USD/NAD | 17.26 |
| EUR/NAD | 17.22 |
| GBP/NAD | 19.94 |
| EUR/GBP | 0.86 |
| EUR/USD | 0.99 |
| GBP/USD | 1.15 |
| AUD/USD | 0.67 |
| USD/JPY | 140.41 |
| Commodities @ 08:00 | |
| Gold | 1,715.40 |
| Silver | 17.80 |
| Platinum | 820.70 |
| Palladium | 2,032.53 |
| WTI | 88.60 |
| Brent | 95.08 |
Table 5: Exchange Rates and Commodities
Local News
Workers at the Ndonga Linena government irrigation project have blamed the government for their unproductive four years. (Namibian Sun)
Sixty people suspected to be victims of trafficking in persons were recently found working on two Namibian-registered vessels. (New Era Newspaper)
Namibia is expected to finalize a policy on green hydrogen in November to coincide with the 2022 United Nations Climate Change Conference (Cop27). (The Namibian)
Sub-Sahara News
The energy crisis in Europe is not because of failing renewables but rather because of a shortage of supply of Russian gas, says Minister of Forestry, Fisheries and Environment Barbara Creecy.. (News24)
South African petrochemical firm Sasol SOLJ.J on Friday said it was partnering with Japan’s Itochu Corp 8001.T to explore the development of green hydrogen and green ammonia projects for shipping fuel and power generation. (CNBC Africa)
William Ruto, who was declared winner of Kenya's presidential election in August, says he will respect the Supreme Court's decision expected Monday confirming or invalidating the results of the vote, disputed by his rival Raila Odinga. (All Africa News)
International News
Typhoon Hinnamnor neared South Korea on Monday, forcing flight cancellations, suspensions of some business operations, and closures of schools, as the country raised its typhoon-alert level to its highest. (Reuters)
Asian stocks tumbled on Monday, as U.S. Treasury yields rose and the dollar index traded at its highest level in over 20 years after the head of the U.S. Federal Reserve indicated high-interest rates will continue for some time to curb inflation. (RTT News)
Noeleen Heyzer, the United Nations special envoy on Myanmar, has said she is “very concerned” about the health of Myanmar’s deposed leader Aung San Suu Kyi who has been in detention since the military removed her from office in a coup in February 2021, and that she will not visit the country again unless she can see her. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 188,096.00 | 11,223,040.24 | 97.51% |
| ETFs | 1,052.00 | 286,775.20 | 2.49% |
| Total | 189,148.00 | 11,509,815.44 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 11,223,040.24 worth of shares was traded on the NSX on Thursday, with about N$ 1,318,636 worth of Anglo-American plc and N$ 66,516 worth of FirstRand Namibia on the home front. ETFs worth N$ 286,775.20 were traded on Thursday.
HEI Market Commentary
From the trading activity that took place:
- Anglo-American shares were sold by market participants causing a decline in the share price at closing as the spring sell-off unfolds
- Shares belonging FirstRand Namibia were traded with a slight increase in share price
- New Gold Issuer Ltd NM ETF options were sold off during a frenzy of market sell-off sentiment
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.01 | 40.00 | -0.02% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 10.72 | 10.72 | 0.00% |
| First Rand Namibia | FNB | 30.02 | 30.03 | 0.03% |
| Standard Bank Namibia | SNO | 4.42 | 4.40 | -0.45% |
| Oryx Limited | ORY | 10.26 | 10.26 | 0.00% |
| Letshego | LHN | 2.65 | 2.65 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 0.00% |
| Stimulus | SILP | 127.90 | 127.90 | 0.00% |
| Paratus Namibia Holdings Ltd | PNH | 13.00 | 13.00 | 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 | 551.55 | 532.57 | -3.44% |
| B2Gold Corporation | B2G | 52.85 | 52.59 | -0.49% |
| Oceana Group Limited | OCG | 54.90 | 55.31 | 0.75% |
| Mediclinic International Plc | MEP | 98.80 | 99.03 | 0.23% |
| Truworths | TRW | 57.28 | 57.74 | 0.80% |
| Nedbank Group Limited | NBK | 202.80 | 201.79 | -0.50% |
| Standard Bank Group | SNB | 153.23 | 153.53 | 0.20% |
| Shoprite Holdings | SRH | 232.72 | 233.59 | 0.37% |
| FirstRand Limited | FST | 64.17 | 63.91 | -0.41% |
| Momentum Metropolitan Holdings | MMT | 16.65 | 16.65 | 0.00% |
| Old Mutual Ltd | OMM | 10.17 | 10.44 | 2.65% |
| Sanlam Limited | SLA | 53.32 | 53.55 | 0.43% |
| Santam Limited | SNM | 244.00 | 244.19 | 0.08% |
| Vukile Property Fund Limited | VKN | 13.49 | 13.25 | -1.78% |
| Investec Limited | IVD | 80.56 | 80.68 | 0.15% |
| PSG Konsult Limited | KFS | 11.40 | 11.00 | -3.51% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 273.47 | 272.81 | -0.24% |
| New Gold Palladium ETF | NGNPLD | 342.87 | 334.57 | -2.42% |
| New Gold Platinum ETF N | NGNPLT | 139.98 | 137.91 | -1.48% |
| New Funds S&P NAM Bond | NFNAMA | 17.14 | 17.11 | -0.18% |
Table 4: ETFs
| Exchange Rates @ 08:00 | |
| USD/NAD | 17.26 |
| EUR/NAD | 17.21 |
| GBP/NAD | 19.94 |
| EUR/GBP | 0.86 |
| EUR/USD | 0.99 |
| GBP/USD | 1.15 |
| AUD/USD | 0.67 |
| USD/JPY | 140.71 |
| Commodities @ 08:00 | |
| Gold | 1,711.85 |
| Silver | 17.74 |
| Platinum | 808.35 |
| Palladium | 2,038.38 |
| WTI | 88.26 |
| Brent | 94.19 |
Table 5: Exchange Rates and Commodities
Local News
The more a country spends its national income on consumption, the less resources are available for investment and savings, and consequently for future production. (Namibian Sun)
An amended section of the Communications Act, 2009 gave the Communications Regulatory Authority of Namibia (CRAN) powers to impose any percentage they see fit for regulatory levies on providers of communication services in Namibia. (New Era Newspaper)
The City of Windhoek plans to bring open markets to the city center as it claims the current areas where vendors are trading are degrading the face of the central business district (CBD). (The Namibian)
Sub-Sahara News
Corrupt practices are still deeply entrenched at Eskom, particularly in procurement processes, says CEO André de Ruyter. (News24)
About 80% of the billions of dollars pledged by rich nations for South Africa’s shift away from coal will be loans, not grants, and some may be hard to unlock due to national rules protecting domestic jobs, an official familiar with the matter said. (CNBC Africa)
United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA), Vera Songwe, has stepped down, effective 1 September 2022, after five years of dedicated service to ECA and its Member States. (All Africa News)
International News
United Nations experts who crossed into Russian-held territory in Ukraine to assess the safety of Europe's biggest nuclear energy plant are seeking on Friday to assess physical damage to the facility, where both sides warn of possible disaster. (Reuters)
Asian stocks followed Wall Street higher on Friday after data showed the U.S. economy didn't contract by as much as previously thought during the spring. (RTT News)
UN Secretary-General Antonio Guterres hopes China will “take on board the recommendations” made in a report by the organization’s Human Rights Office on the situation in its Xinjiang region, a spokesman said. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 79,570.00 | 6,215,717.70 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 79,570.00 | 6,215,717.70 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 6,215,717.70 worth of shares was traded on the NSX on Wednesday, with about N$ 484,716 worth of Anglo-American plc and N$ 11,934 worth of SBN Holdings Ltd on the home front. No ETFs were traded on Wednesday.
HEI Market Commentary
From the trading activity that took place:
- Anglo-American shares were sold by market participants causing a decline in the share price at closing
- Shares belonging SBN Holdings Ltd were traded causing an increase in share price at closing
| Name | NSX Local Ticker | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| Namibian Breweries | NBS | 40.01 | 40.01 | 0.00% |
| Nictus Holdings | NHL | 1.75 | 1.75 | 0.00% |
| Capricorn | CGP | 10.72 | 10.72 | 0.00% |
| First Rand Namibia | FNB | 30.02 | 30.02 | 0.00% |
| Standard Bank Namibia | SNO | 4.40 | 4.42 | 0.45% |
| Oryx Limited | ORY | 10.26 | 10.26 | 0.00% |
| Letshego | LHN | 2.65 | 2.65 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 0.00% |
| Stimulus | SILP | 127.90 | 127.90 | 0.00% |
| Paratus Namibia Holdings Ltd | PNH | 13.00 | 13.00 | 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 | 551.80 | 551.55 | -0.05% |
| B2Gold Corporation | B2G | 53.87 | 52.85 | -1.89% |
| Oceana Group Limited | OCG | 54.73 | 54.90 | 0.31% |
| Mediclinic International Plc | MEP | 98.05 | 98.80 | 0.76% |
| Truworths | TRW | 56.49 | 57.28 | 1.40% |
| Nedbank Group Limited | NBK | 215.89 | 202.80 | -6.06% |
| Standard Bank Group | SNB | 157.80 | 153.23 | -2.90% |
| Shoprite Holdings | SRH | 236.02 | 232.72 | -1.40% |
| FirstRand Limited | FST | 65.83 | 64.17 | -2.52% |
| Momentum Metropolitan Holdings | MMT | 16.91 | 16.65 | -1.54% |
| Old Mutual Ltd | OMM | 10.57 | 10.17 | -3.78% |
| Sanlam Limited | SLA | 54.88 | 53.32 | -2.84% |
| Santam Limited | SNM | 247.87 | 244.00 | -1.56% |
| Vukile Property Fund Limited | VKN | 13.56 | 13.49 | -0.52% |
| Investec Limited | IVD | 81.13 | 80.56 | -0.70% |
| PSG Konsult Limited | KFS | 11.35 | 11.40 | 0.44% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 272.43 | 273.47 | 0.38% |
| New Gold Palladium ETF | NGNPLD | 342.49 | 342.87 | 0.11% |
| New Gold Platinum ETF N | NGNPLT | 138.76 | 139.98 | 0.88% |
| New Funds S&P NAM Bond | NFNAMA | 17.24 | 17.14 | -0.58% |
Table 4: ETFs
| Exchange Rates @ 08:00 | |
| USD/NAD | 17.15 |
| EUR/NAD | 17.18 |
| GBP/NAD | 19.88 |
| EUR/GBP | 0.85 |
| EUR/USD | 0.99 |
| GBP/USD | 1.15 |
| AUD/USD | 0.68 |
| USD/JPY | 139.33 |
| Commodities @ 08:00 | |
| Gold | 1,717.20 |
| Silver | 17.64 |
| Platinum | 828.30 |
| Palladium | 2,095.02 |
| WTI | 95.10 |
| Brent | 95.11 |
Table 5: Exchange Rates and Commodities
Local News
The more a country spends its national income on consumption, the less resources are available for investment and savings, and consequently for future production. (Namibian Sun)
Old Mutual Short-Term Insurance Company (Namibia) Ltd (OMSIC) has agreed to pay a total sum of N$6 million as part of two settlement agreements, after the Namibian Competition Act N0.2 of 2003 in two separate investigations. (New Era Newspaper)
Australian- listed uranium development company Bannerman Mining Resources has submitted an application for a mining license to the Ministry of Mines and Energy for the proposed Etango-8 uranium mine. (The Namibian)
Sub-Sahara News
South Africa’s energy minister dismissed the notion that renewable electricity can bring an end to years of load shedding, pointing to Europe’s pivot back to the use of fossil fuels as evidence of the constraints of using green energy. (News24)
The La Nina weather pattern will last until at least the end of the year, becoming the first time this century, that it will have spanned three consecutive northern winters, the World Meteorological Organization predicted on Wednesday. (CNBC Africa)
The 2022 edition of the Sentech Africa Tech Week conference has begun, taking place in the Cape Town International Convention Centre from August, 31 to September, 1. Under the theme of 'Bringing Tech Closer to Africa', this year's event will see multiple experts share their perspectives on technological progress made in Africa. (All Africa News)
International News
U.N. nuclear experts set out from the city of Zaporizhzhia on Thursday to visit a Russian-occupied nuclear power plant in Ukraine's south to assess any damage, even as both sides in the conflict reported fighting in the area. (Reuters)
Asian stocks advanced on Thursday as investors looked forward to Fed Chair Jerome Powell's speech on Friday at the central banking conference in Jackson Hole for further cues on the monetary policy outlook. (RTT News)
For weeks now, Ukraine and Russia have accused each other of endangering the Zaporizhzhia plant’s safety with shelling or drone strikes, risking a Chernobyl-style radiation disaster. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 93,321.00 | 914,568.74 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 93,321.00 | 914,568.74 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 914,568.74 worth of shares was traded on the NSX on Tuesday, with about N$ 109,341 worth of Anglo-American plc and N$ 224,710 worth of Letshego Holdings Ltd on the home front. No ETFs were traded on Tuesday.
HEI Market Commentary
From the trading activity that took place:
- Anglo-American shares were sold by market participants causing a decline in the share price at closing
- Shares belonging Letshego Holdings Ltd were traded without a 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 | 10.72 | 10.72 | 0.00% |
| First Rand Namibia | FNB | 30.02 | 30.02 | 0.00% |
| Standard Bank Namibia | SNO | 4.40 | 4.40 | 0.00% |
| Oryx Limited | ORY | 10.26 | 10.26 | 0.00% |
| Letshego | LHN | 2.65 | 2.65 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 0.00% |
| Stimulus | SILP | 127.90 | 127.90 | 0.00% |
| Paratus Namibia Holdings Ltd | PNH | 13.00 | 13.00 | 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 | 573.87 | 551.80 | -3.85% |
| B2Gold Corporation | B2G | 54.83 | 53.87 | -1.75% |
| Oceana Group Limited | OCG | 54.23 | 54.73 | 0.92% |
| Mediclinic International Plc | MEP | 97.25 | 98.05 | 0.82% |
| Truworths | TRW | 58.02 | 56.49 | -2.64% |
| Nedbank Group Limited | NBK | 217.86 | 215.89 | -0.90% |
| Standard Bank Group | SNB | 159.46 | 157.80 | -1.04% |
| Shoprite Holdings | SRH | 236.52 | 236.02 | -0.21% |
| FirstRand Limited | FST | 67.04 | 65.83 | -1.80% |
| Momentum Metropolitan Holdings | MMT | 17.09 | 16.91 | -1.05% |
| Old Mutual Ltd | OMM | 11.51 | 10.57 | -8.17% |
| Sanlam Limited | SLA | 56.07 | 54.88 | -2.12% |
| Santam Limited | SNM | 246.39 | 247.87 | 0.60% |
| Vukile Property Fund Limited | VKN | 13.53 | 13.56 | 0.22% |
| Investec Limited | IVD | 80.14 | 81.13 | 1.24% |
| PSG Konsult Limited | KFS | 11.55 | 11.35 | -1.73% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 273.22 | 272.43 | -0.29% |
| New Gold Palladium ETF | NGNPLD | 347.55 | 342.49 | -1.46% |
| New Gold Platinum ETF N | NGNPLT | 140.79 | 138.76 | -1.44% |
| New Funds S&P NAM Bond | NFNAMA | 17.25 | 17.24 | -0.06% |
Table 4: ETFs
| Exchange Rates @ 08:00 | |
| USD/NAD | 16.89 |
| EUR/NAD | 16.96 |
| GBP/NAD | 19.74 |
| EUR/GBP | 0.85 |
| EUR/USD | 0.99 |
| GBP/USD | 1.16 |
| AUD/USD | 0.68 |
| USD/JPY | 138.41 |
| Commodities @ 08:00 | |
| Gold | 1,746.85 |
| Silver | 18.49 |
| Platinum | 851.95 |
| Palladium | 2,164.02 |
| WTI | 92.53 |
| Brent | 98.78 |
Table 5: Exchange Rates and Commodities
Local News
Four members of a German family and a South African pilot were killed when a Scenic Air plane crashed into the Zambezi River (Namibian Sun)
Namibia’s 10% participating interest in recent oil discoveries by TotalEnergies and Shell, which is held through the National Petroleum Corporation (Namcor) is a carried interest. (New Era Newspaper)
The Ministry of Agriculture, Water, and Land Reform has suspended the importation of cloven-hoofed animals from Botswana, following suspicions of foot-and-mouth disease. (The Namibian)
Sub-Sahara News
The cost-of-living crisis pushing millions of people towards poverty in Europe is driven by fossil fuels, according to a leading Earth systems scientist, who has warned that global heating risks causing runaway climate change. (News24)
Angola’s main opposition party has submitted a legal complaint challenging the electoral commission’s finding that the governing party won last week’s election, a letter seen by Reuters shows. (CNBC Africa)
In February of this year, African leaders launched the African Year of Nutrition. However, as the year has unfolded, the outlook for nutrition on the continent has been increasingly bleak: the latest report on the State of Food Security and Nutrition in the World estimates that around 322 million people in Africa experience severe food insecurity, a significant increase from 282 million in 2020. In fact, since 2018, the majority of Africans have been suffering from moderate or severe food insecurity. (All Africa News)
International News
Taiwan said on Wednesday it would exercise its right to self defense and "counter-attack" if Chinese armed forces entered its territory, as Beijing increased military activities near the democratic island. (Reuters)
Asian stocks fell for an eighth straight session on Wednesday, with Europe's energy woes and a drought-fueled power crisis in China keeping investors nervous. (RTT News)
Mikhail Gorbachev, who ended the Cold War and was the last leader of the Soviet Union, has died at the age of 91, Russian news agencies reported, citing medical sources. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 3,512.00 | 300,909.58 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 3,512.00 | 300,909.58 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 300,909.58 worth of shares was traded on the NSX on Monday, with about N$ 19,003 worth of Anglo-American plc and N$ 2,132 worth of Nictus Holdings on the home front. No ETFs were traded on Monday.
HEI Market Commentary
From the trading activity that took place:
- Anglo-American shares were sold by market participants causing a decline in the share price at closing
- Shares belonging Nictus Holdings were traded without a 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 | 10.72 | 10.72 | 0.00% |
| First Rand Namibia | FNB | 30.02 | 30.02 | 0.00% |
| Standard Bank Namibia | SNO | 4.40 | 4.40 | 0.00% |
| Oryx Limited | ORY | 10.26 | 10.26 | 0.00% |
| Letshego | LHN | 2.65 | 2.65 | 0.00% |
| Namibia Asset Management | NAM | 0.70 | 0.70 | 0.00% |
| Stimulus | SILP | 127.90 | 127.90 | 0.00% |
| Paratus Namibia Holdings Ltd | PNH | 13.00 | 13.00 | 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 | 585.49 | 573.87 | -1.98% |
| B2Gold Corporation | B2G | 56.90 | 54.83 | -3.64% |
| Oceana Group Limited | OCG | 54.21 | 54.23 | 0.04% |
| Mediclinic International Plc | MEP | 98.73 | 97.25 | -1.50% |
| Truworths | TRW | 58.36 | 58.02 | -0.58% |
| Nedbank Group Limited | NBK | 224.27 | 217.86 | -2.86% |
| Standard Bank Group | SNB | 162.69 | 159.46 | -1.99% |
| Shoprite Holdings | SRH | 235.73 | 236.52 | 0.34% |
| FirstRand Limited | FST | 68.95 | 67.04 | -2.77% |
| Momentum Metropolitan Holdings | MMT | 17.35 | 17.09 | -1.50% |
| Old Mutual Ltd | OMM | 11.44 | 11.51 | 0.61% |
| Sanlam Limited | SLA | 56.25 | 56.07 | -0.32% |
| Santam Limited | SNM | 250.00 | 246.39 | -1.44% |
| Vukile Property Fund Limited | VKN | 13.66 | 13.53 | -0.95% |
| Investec Limited | IVD | 82.64 | 80.14 | -3.03% |
| PSG Konsult Limited | KFS | 11.56 | 11.55 | -0.09% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 274.31 | 273.22 | -0.40% |
| New Gold Palladium ETF | NGNPLD | 350.77 | 347.55 | -0.92% |
| New Gold Platinum ETF N | NGNPLT | 142.50 | 140.79 | -1.20% |
| New Funds S&P NAM Bond | NFNAMA | 17.27 | 17.25 | -0.12% |
Table 4: ETFs
| Exchange Rates @ 08:00 | |
| USD/NAD | 16.85 |
| EUR/NAD | 16.85 |
| GBP/NAD | 19.74 |
| EUR/GBP | 0.85 |
| EUR/USD | 0.99 |
| GBP/USD | 1.16 |
| AUD/USD | 0.68 |
| USD/JPY | 138.60 |
| Commodities @ 08:00 | |
| Gold | 1,745.30 |
| Silver | 18.46 |
| Platinum | 846.30 |
| Palladium | 2,142.27 |
| WTI | 97.11 |
| Brent | 102.81 |
Table 5: Exchange Rates and Commodities
Local News
TransNamib bosses and employees will be on tenterhooks as they await to see whether the company’s decision to place a portion of its vast property base under the hammer today will pay off (Namibian Sun)
Several government offices, ministries, and agencies owe the works and transport ministry- the government’s assets custodian-over N$1.5 billion in unpaid fees for leasing vehicles from the ministry over the past five years (New Era Newspaper)
Namibia has over 300 licensed oil companies, and the government has announced it will not issue new licenses for wholesalers and fuel stations. (The Namibian)
Sub-Sahara News
Harmony Gold reported an R1 billion loss for the year ended in June as profits plummeted 120% (News24)
Angola’s electoral commission on Monday declared the ruling MPLA, in power for nearly five decades since independence, the winner of last week’s national election, handing President Joao Lourenco a second term amid concerns about possible fraud. (CNBC Africa)
Against its usual practice of extending its ongoing industrial action by a specific number of weeks or months, the Academic Staff Union of Universities (ASUU) on Monday said the strike would now be indefinite (All Africa News)
International News
The dollar struggled to regain momentum on Tuesday after being beaten back from a two-decade high versus major peers by a reinvigorated euro. (Reuters)
European stocks traded mixed in cautious trade on Tuesday as the deepening energy crisis in the region fueled recession fears. (RTT News)
United States President Joe Biden plans to ask Congress to approve an estimated $1.1bn arms sale to the self-ruled island of Taiwan, including 60 anti-ship missiles and 100 air-to-air missiles, according to Politico. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 81,968.00 | 8,519,449.39 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 81,968.00 | 8,519,449.39 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 8,519,449.39 worth of shares was traded on the NSX on Friday, with about N$ 3,050,528 worth of Nedbank Group Limited and N$ 306,738 worth of Santam Limited shares. No trades occurred on the home front or ETFs were traded on Friday.
HEI Market Commentary
From the trading activity that took place:
- Nedbank Group Limited shares were subscribed to market participants
- Shares belonging Santam Limited were traded displaying an upward orientation at closing
| 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 | 10.72 | 10.72 | 0.00% |
| First Rand Namibia | FNB | 30.02 | 30.02 | 0.00% |
| Standard Bank Namibia | SNO | 4.40 | 4.40 | 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 | 13.00 | 13.00 | 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 | 578.49 | 585.49 | 1.21% |
| B2Gold Corporation | B2G | 57.28 | 56.90 | -0.66% |
| Oceana Group Limited | OCG | 54.10 | 54.21 | 0.20% |
| Mediclinic International Plc | MEP | 98.50 | 98.73 | 0.23% |
| Truworths | TRW | 58.49 | 58.36 | -0.22% |
| Nedbank Group Limited | NBK | 215.60 | 224.27 | 4.02% |
| Standard Bank Group | SNB | 160.90 | 162.69 | 1.11% |
| Shoprite Holdings | SRH | 234.74 | 235.73 | 0.42% |
| FirstRand Limited | FST | 68.26 | 68.95 | 1.01% |
| Momentum Metropolitan Holdings | MMT | 17.09 | 17.35 | 1.52% |
| Old Mutual Ltd | OMM | 11.33 | 11.44 | 0.97% |
| Sanlam Limited | SLA | 55.95 | 56.25 | 0.54% |
| Santam Limited | SNM | 247.04 | 250.00 | 1.20% |
| Vukile Property Fund Limited | VKN | 14.00 | 13.66 | -2.43% |
| Investec Limited | IVD | 82.37 | 82.64 | 0.33% |
| PSG Konsult Limited | KFS | 11.52 | 11.56 | 0.35% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 274.72 | 274.31 | -0.15% |
| New Gold Palladium ETF | NGNPLD | 341.39 | 350.77 | 2.75% |
| New Gold Platinum ETF N | NGNPLT | 142.54 | 142.50 | -0.03% |
| New Funds S&P NAM Bond | NFNAMA | 17.30 | 17.27 | -0.17% |
Table 4: ETFs
| Exchange Rates @ 08:00 | |
| USD/NAD | 16.99 |
| EUR/NAD | 16.85 |
| GBP/NAD | 19.81 |
| EUR/GBP | 0.84 |
| EUR/USD | 0.99 |
| GBP/USD | 1.16 |
| AUD/USD | 0.68 |
| USD/JPY | 138.84 |
| Commodities @ 08:00 | |
| Gold | 1,734.20 |
| Silver | 18.37 |
| Platinum | 840.75 |
| Palladium | 2,121.00 |
| WTI | 93.80 |
| Brent | 99.72 |
Table 5: Exchange Rates and Commodities
Local News
Paladin Energy’s Langer Heinrich uranium mine in Namibia suffered a net loss after tax of about N$337 million, for the year ended 30 June 2022. (Namibian Sun)
TransNamib has called the Namibia Transport and Allied Workers Union (Natau) back to the negotiation table, hoping to bring an end to the strike that threatens to bring the embattled railway carrier to its knees (New Era Newspaper)
Minister of Mines and Energy, Tom Alweendo will challenge a decision by an arbitration tribunal that forced the government to renew a five-year N$ 200- million contract to evaluate Namibia Desert Diamonds (Namdia) diamonds. (The Namibian)
Sub-Sahara News
Beneficiaries of the R350 Social Relief of Distress (SRD) grant may face delays with their August payment after new regulations for the grant were implemented.. (News24)
South African reforms must be deepened for the country to maintain the growth momentum created by its recovery from the coronavirus pandemic, the Organisation for Economic Cooperation and Development (OECD) says. (CNBC Africa)
Jose Eduardo dos Santos ruled Angola for nearly four decades. His reign was marked by allegations of theft and nepotism as well as an end to a long-enduring civil war (All Africa News)
International News
Pakistan needs financial help to deal with "overwhelming" floods, its foreign minister said on Sunday, adding that he hoped financial institutions such as the International Monetary Fund would take the economic fallout into account. (Reuters)
Asian stocks ended mixed on Monday as investors awaited a slew of U.S. data and Federal Reserve Chair Jerome Powell's keynote address at the Kansas City Fed's two-day annual economic symposium this week for fresh clues on the economic and interest rate (RTT News)
Japan will push for an African seat at the United Nations by using its place on the world body’s Security Council. (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 176,584.00 | 6,093,976.88 | 99.96% |
| ETFs | 12.00 | 2,312.85 | 0.04% |
| Total | 176,596.00 | 6,096,289.73 | 100.00 |
Table 1: NSX Trades
NSX Activities
A total of N$ 6,093,976.88 worth of shares was traded on the NSX on Wednesday, with about N$ 56,640 worth of B2Gold Corporation and N$ 53,600 worth of Capricorn Group Limited on the home front. ETFs worth N$ 2,312.85 were traded on Wednesday
HEI Market Commentary
From the trading activity that took place:
- B2Gold Corporation shares were subscribed to market participants
- On the local NSX listing, shares belonging Capricorn Group Limited were traded displaying an upward orientation at closing
- All ETFs where traded over the counter (OTC) exhibiting mixed feelings as investors rearrange their portfolios
| 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 | 10.61 | 10.72 | 1.04% |
| First Rand Namibia | FNB | 30.01 | 30.02 | 0.03% |
| Standard Bank Namibia | SNO | 4.40 | 4.40 | 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 | 13.00 | 13.00 | 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 | 589.00 | 577.52 | -1.95% |
| B2Gold Corporation | B2G | 55.36 | 56.64 | 2.31% |
| Oceana Group Limited | OCG | 54.01 | 54.00 | -0.02% |
| Mediclinic International Plc | MEP | 99.29 | 99.39 | 0.10% |
| Truworths | TRW | 59.11 | 58.85 | -0.44% |
| Nedbank Group Limited | NBK | 214.17 | 213.12 | -0.49% |
| Standard Bank Group | SNB | 159.95 | 157.49 | -1.54% |
| Shoprite Holdings | SRH | 235.50 | 236.00 | 0.21% |
| FirstRand Limited | FST | 67.99 | 67.70 | -0.43% |
| Momentum Metropolitan Holdings | MMT | 17.54 | 17.59 | 0.29% |
| Old Mutual Ltd | OMM | 11.55 | 11.55 | 0.00% |
| Sanlam Limited | SLA | 58.00 | 57.24 | -1.31% |
| Santam Limited | SNM | 251.16 | 246.38 | -1.90% |
| Vukile Property Fund Limited | VKN | 14.20 | 14.05 | -1.06% |
| Investec Limited | IVD | 83.31 | 82.63 | -0.82% |
| PSG Konsult Limited | KFS | 11.60 | 11.50 | -0.86% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 277.04 | 276.92 | -0.04% |
| New Gold Palladium ETF | NGNPLD | 329.02 | 333.78 | 1.45% |
| New Gold Platinum ETF N | NGNPLT | 144.06 | 143.06 | -0.69% |
| New Funds S&P NAM Bond | NFNAMA | 17.10 | 17.19 | 0.53% |
Table 4: ETFs
| Exchange Rates @ 08:00 | |
| USD/NAD | 16.85 |
| EUR/NAD | 16.88 |
| GBP/NAD | 19.96 |
| EUR/GBP | 0.84 |
| EUR/USD | 1.00 |
| GBP/USD | 1.18 |
| AUD/USD | 0.69 |
| USD/JPY | 136.58 |
| Commodities @ 08:00 | |
| Gold | 1,773.00 |
| Silver | 19.21 |
| Platinum | 876.90 |
| Palladium | 2,062.27 |
| WTI | 95.11 |
| Brent | 101.57 |
Table 5: Exchange Rates and Commodities
Local News
Liquidators will have to navigate their way past Prosecutor-General (PG) Martha Imalwa in order to be granted permission to abandon their duties as curators bonis of the assets of the Fishrot accused. (Namibian Sun)
Former works and transport deputy minister has put the blame for the chaos at the Windhoek municipal council squarely on residents (New Era Newspaper)
Currently, about 250,000 Namibians do not possess national documents, says the Ministry of Home Affairs, Immigration, Safety and Security (The Namibian)
Sub-Sahara News
The SA Revenue Service (SARS) will appeal against the court ruling reinstating two executives who have been fired during global consultancy Bain & Company's controversial restructuring of the tax authority. (News24)
Hundreds of South Africans protested in Pretoria and Cape Town on Wednesday against inflation that has soared to a 13-year high, in an action led by trade union group COSATU, a long-time ally of the ruling African National Congress.. (CNBC Africa)
In April 2022, the Centre for Human Rights (CHR) and the Centre for Sexualities, AIDS, and Gender (CSA&G) at the University of Pretoria together with the Center for Gender Studies and Feminist Futures (CGS) and the Center for Conflict Studies (CCS) at the Philipps-University Marburg launched the first edition of the Pretoria-Marburg Queer Conversations. (All Africa News)
International News
President Joe Biden said on Wednesday the U.S. government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for the White House. (Reuters)
European stocks were mostly higher on Thursday, reversing initial losses after final Eurostat data showed Eurozone's Inflation surged 8.9 percent year-on-year in July (RTT News)
A Russian missile attack killed 22 civilians and set a passenger train on fire in eastern Ukraine on the country’s Independence Day, according to officials in Kyi (Aljazeera News)
| NSX Trades | Traded Volume (No. Shares) | Monetary Amount (N$) | Trading Contribution (%) |
| Overall | 859,365.00 | 81,289,132.88 | 100.00% |
| ETFs | - | - | 0.00% |
| Total | 859,365.00 | 81,289,132.88 | 100.00% |
Table 1: NSX Trades
NSX Activities
A total of N$ 81,289,132.88 worth of shares was traded on the NSX on Monday with N$ 20,773,533 worth of Anglo-American plc and N$ 1,167 worth of Capricorn Group Limited on the home front. No ETFs were traded on Monday
HEI Market Commentary
From the trading activity that took place:
- Anglo-American shares continue to be on a spiral as commodity-linked companies slipped amid fear of recession
- On the local NSX listing, shares belonging to Capricorn Group Limited were traded with a significant increase 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 | 10.55 | 10.61 | 0.57% |
| First Rand Namibia | FNB | 30.01 | 30.01 | 0.00% |
| Standard Bank Namibia | SNO | 4.38 | 4.38 | 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 | 13.00 | 13.00 | 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 | 569.40 | 567.87 | -0.27% |
| B2Gold Corporation | B2G | 56.49 | 55.76 | -1.29% |
| Oceana Group Limited | OCG | 54.80 | 54.20 | -1.09% |
| Mediclinic International Plc | MEP | 99.57 | 99.03 | -0.54% |
| Truworths | TRW | 57.68 | 58.08 | 0.69% |
| Nedbank Group Limited | NBK | 215.95 | 214.52 | -0.66% |
| Standard Bank Group | SNB | 165.58 | 160.86 | -2.85% |
| Shoprite Holdings | SRH | 233.92 | 236.00 | 0.89% |
| FirstRand Limited | FST | 67.85 | 68.02 | 0.25% |
| Momentum Metropolitan Holdings | MMT | 16.50 | 16.98 | 2.91% |
| Old Mutual Ltd | OMM | 11.27 | 11.41 | 1.24% |
| Sanlam Limited | SLA | 56.89 | 57.60 | 1.25% |
| Santam Limited | SNM | 251.34 | 248.63 | -1.08% |
| Vukile Property Fund Limited | VKN | 14.80 | 14.36 | -2.97% |
| Investec Limited | IVD | 84.62 | 83.25 | -1.62% |
| PSG Konsult Limited | KFS | 11.70 | 11.60 | -0.85% |
Table 3: Dual Listed Trades
| Name | ETFs | Price Previous Close 'N$ | Price End of Day 'N$ | Daily Change % |
| New Gold Issuer Ltd NM | NGNGLD | 277.42 | 275.78 | -0.59% |
| New Gold Palladium ETF | NGNPLD | 350.12 | 329.43 | -5.91% |
| New Gold Platinum ETF N | NGNPLT | 147.37 | 143.96 | -2.31% |
| New Funds S&P NAM Bond | NFNAMA | 17.12 | 17.10 | -0.12% |
Table 4: ETFs
| Exchange Rates @ 08:00 | |
| USD/NAD | 17.00 |
| EUR/NAD | 16.86 |
| GBP/NAD | 19.97 |
| EUR/GBP | 0.84 |
| EUR/USD | 1.07 |
| GBP/USD | 1.18 |
| AUD/USD | 0.68 |
| USD/JPY | 137.29 |
| Commodities @ 08:00 | |
| Gold | 1,750.30 |
| Silver | 18.77 |
| Platinum | 861.50 |
| Palladium | 2,015.50 |
| WTI | 90.78 |
| Brent | 96.88 |
Table 5: Exchange Rates and Commodities
Local News
The agriculture minister said that Namibia will not be treated like a lamb to slaughter following an uproar from South African agricultural organization with regards to the country’s import ban on crop and horticultural products (Namibian Sun)
Bank Windhoek’s contribution to the aviation industry has been an endeavor that embodies its core objective of being a connector of positive change (New Era Newspaper)
The Namibia Biomass Industry Group (N-Big), the Charcoal Association of Namibia, and the Namibia University of Science and Technology will host a two-day biomass fair in Windhoek on 7 and 8 September (The Namibian)
Sub-Sahara News
Sasol has declared a gross final cash dividend of R14.70 per share for the year ended in June as high crude and chemicals prices pushed earnings higher. (News24)
China trimmed its key lending rates again on Monday, one week after it cut two interest rates in a surprise move. (CNBC Africa)
Kenya's veteran politician Raila Odinga is set to file a petition in the Supreme Court seeking to nullify the victory handed to Deputy President William Ruto following the August 9 vote. (All Africa News)
International News
Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. (Reuters)
Asian stocks rose broadly on Tuesday, even as the upside remained capped by growing concerns of a global recession (RTT News)
Japan is considering scrapping pre-departure COVID-19 tests for travelers to the country, according to local media. (Aljazeera News)
