The Namibian Stock Exchange demonstrated positive momentum this week, with both major indices posting gains. The NSX Local index advanced 0.48% to close at 712.9 points, while the NSX Overall Index delivered a more substantial increase of 1.51%, finishing at 1797.3 points. As of March 23, 2025, FirstRand Namibia maintained its position as the exchange’s dominant player with a market capitalization of N$12.5 billion, followed by Capricorn Group at N$11.0 billion. Notably, Mobile Telecommunications has climbed to third place with a market capitalization of N$6.2 billion, slightly edging ahead of Namibia Breweries, which stands at N$6.0 billion. Mobile Telecommunications emerged as the week’s standout performer, surging 3.3% to close at N$8.25 per share, cementing its newly gained market position. Standard Bank Namibia Holdings followed with a modest gain of 0.3%, ending at N$9.69 per share. Trading volumes were relatively subdued this week, with Standard Bank Namibia Holdings leading activity at a modest N$0.4 million worth of shares traded. Mobile Telecommunications secured the second position with N$0.1 million in trading volume, reflecting investor interest despite the low overall market liquidity. On the currency front, the Namibian dollar showed strength across all major foreign exchanges. The local currency appreciated by 0.15% against the US dollar to close at N$18.14, gained 0.21% against the British pound to end at N$23.45, and made its strongest showing against the euro with a 0.44% gain, closing at N$19.68.
The South African Reserve Bank’s Monetary Policy Committee has maintained its policy rate at 7.5% as global economic conditions become increasingly unpredictable. They cited escalating trade tensions and shifting geopolitical relationships as key factors influencing their cautious approach, despite inflation remaining within target range at a projected 3.6% for 2025. The decision wasn’t unanimous, with two committee members favouring a 25 basis point cut against four who preferred maintaining current rates. Economic growth prospects for South Africa have been revised slightly downward to 1.7% for 2025, reflecting both subdued demand and persistent supply-side challenges. While the household sector showed some strength from lower inflation and pension withdrawals, overall economic performance remains disappointing, with the committee emphasizing that sustained domestic reforms will be crucial for boosting growth while maintaining macroeconomic stability.
