The stockbroking firm Simonis Storm Securities says it has discovered that an ex-employee of the firm has fraudulently sold or transferred ownership of shares worth close to N$9 million belonging to Simonis Storm clients. …
Stockbroking firm Simonis Storm alleges theft of shares worth N$9mNamibia Minute.
Monday, 11 May 2026
Namibia’s news, on the hour · Est. 2026
Monday, 11 May 2026
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Organization
Simonis Storm Securities
Also known as: Simonis Storm Securities (Pty) Limited · Simonis Storm Research Team
Securities firm providing equity analysis and macroeconomic risk assessments on Namibian companies and fiscal issues.
In coverage
Verbatim sentences from the source article.
- May 2024
- October 2023
… Angelique Bock, an economic researcher at Simonis Storm Securities, says harnessing oil and gas resources to finance Namibia’s 24% stake offers substantial prospects, but is accompanied by challenges, such as potential environmental damage and social conflicts. …
Govt eyes oil money to finance 24% Hyphen stake
Business
Private sector credit growth slows to 4.3%, household lending strengthens
The News
Namibia's private sector credit growth eased to 4.3% in March 2026 from 4.7% in February, with total credit at N$123.3 billion. Household borrowing gained momentum to 4.1% year-on-year—its highest in the current cycle—driven by stronger mortgage lending, instalment credit, and overdrafts, while corporate lending showed seasonal fluctuations.
7 May 2026 · Informanté →
Thursday 7 May
Private sector credit growth slows to 4.3%, household lending strengthens
Namibia's private sector credit growth eased to 4.3% in March 2026 from 4.7% in February, with total credit at N$123.3 billion. Household borrowing gained momentum to 4.1% year-on-year—its highest in the current cycle—driven by stronger mortgage lending, instalment credit, and overdrafts, while corporate lending showed seasonal fluctuations.
7 May 2026 · Informanté →
Simonis Storm maintains hold rating on Paratus despite revenue growth
Simonis Storm Securities has maintained a hold recommendation on Paratus Namibia Holdings after the company reported revenue of N$381.3 million for the six months ended 31 December 2025, up 16.5% year-on-year, but posted a total comprehensive loss of N$36.3 million. The analyst attributed the weaker earnings to ongoing investment in the mobile network launched in September 2025, though customer growth in mobile, SkyFi, and fibre services is beginning to improve.
7 May 2026 · Windhoek Observer →
Sunday 3 May
Namibia could follow Singapore path with institutional discipline
Economist Almandro Jansen argues that Namibia's emerging oil, gas and mineral wealth could drive long-term economic transformation or deepen structural challenges depending on governance and institutional reform. Singapore transformed from a low-income economy (US$500 GDP per capita in 1965) into a high-income hub (exceeding US$100,000 by 2025), while Namibia has reached upper-middle-income status with roughly US$5,000 GNI per capita but remains constrained by high unemployment, limited diversification, and rising fiscal pressures.
3 May 2026 · Informanté →
Tuesday 21 April
Japan leads Namibia vehicle sales in March with 1,069 units
Namibia sold 1,069 Japanese vehicles in March, making Japan the country's largest vehicle source and driving total March sales to 1,662 units—a 43% monthly increase and the strongest March performance since 2015. Japanese brands accounted for 64.3% of total sales, with commercial vehicle purchases surging 57.1% to a record 916 units, supported by demand from logistics, mining, agriculture, and energy sectors.
21 April 2026 · The Namibian →
Saturday 21 March
Namibia vehicle sales hit nine-year February high at 1,165 units
New vehicle sales in February reached 1,165 units, a 4.1% year-on-year increase, driven by robust demand in mining, agriculture, and energy sectors. Analysts expect continued strength from construction activity at new uranium, gold, copper mines and offshore oil and gas exploration.
21 March 2026 · The Namibian →
Wednesday 4 March
2026/27 budget stabilises debt amid growth constraints and revenue pressure
An economist from Simonis Storm Securities says Namibia's 2026/27 budget represents a stabilisation framework under financial constraint, with GDP growth revised to 3.1% and projected to recover only modestly. The budget reveals structural vulnerabilities: revenue remains heavily exposed to SACU volatility and commodity cycles, public debt is projected to stabilise at an elevated 67.5% of GDP, and interest payments will consume nearly 18% of total revenue, crowding out fiscal space for other priorities.
4 March 2026 · Informanté →
FMD outbreak could cost Namibia N$2.5 billion in beef exports
A macroeconomic risk analysis by Simonis Storm Securities warns that if foot-and-mouth disease (FMD) disrupts Namibia's access to key international beef markets, the country could lose up to N$2.5 billion in export revenue over six months, with potential GDP growth reduction of 0.5 percentage points. Although Namibia remains FMD-free, recent outbreaks in Botswana and South Africa—particularly a case reported last month in South Africa's Northern Cape province, which borders Namibia—heighten the risk to the country's livestock sector and livelihoods of 70,000 to 90,000 workers in the industry.
4 March 2026 · The Namibian →
Thursday 26 February
Finance Minister tables 2026–27 budget amid revenue and debt pressures
Finance Minister Ericah Shafudah is presenting Namibia's 2026–2027 National Budget to Parliament as the country faces structural revenue challenges, rising public debt, and fiscal constraints. Government revised its revenue forecast downward to N$89.4 billion, while public debt is projected to reach N$177 billion (about 60% of GDP), with fixed costs consuming roughly 60% of expenditure.
26 February 2026 · Informanté →