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MTC Namibia Standard Bank Group Bank Windhoek Nedbank Parliament of the Republic of Namibia TotalEnergies

N$6.6m worth of FirstRand exchanges hands

A total of N$14 million traded on the Namibia Securities Exchange (NSX) on Tuesday with N$6.6 million worth of FirstRand and N$1.4 million worth of Oceana Group exchanging hands.

On the local bourse N$1.2 million worth of Standard Bank Namibia Holdings traded up 3c and N$598,956 worth of Capricorn Group traded at market.

No Exchange Traded Funds (ETF) or Exchange Traded Notes (ETN) trades were recorded.

On the Johannesburg Stock Exchange, the FTSE/JSE Africa All Share Index remained steady at 110 313.90 as 56 stocks gained, 58 fell, and five were unchanged. Meanwhile Italtile rose 4.1%, RCL Foods Ltd gained 3.8% and Alexander Forbes Group climbed 3.3%.

Thungela Resources fell 7.5%, DataTec dropped 7.4% and Absa Group declined 6.6%.

On the international market the US dollar strengthened against all its Group-of-10 peers as traders awaited key speeches from a swath of central bankers, including Federal Reserve chairman Kevin Warsh, just as bets increased for an interest-rate hike.

The Bloomberg Dollar Spot Index climbed 0.2%, after rising 0.6% last quarter. The yen weakened 0.1% to 162.77 per dollar after falling to a 40-year low this week.
South Korea’s won slid toward its weakest level since the global financial crisis, hurt by factors including overseas investors selling local stocks.

Gold dropped 0.8% to around $3,975 an ounce on speculation the Fed may raise rates, reducing the appeal of the non-interest bearing metal. Silver and platinum also retreated.

Stocks wavered, while Treasuries were little changed in Asia after 10-year yields jumped nine basis points on Tuesday. – IJG Securities

Key handover by LHU’s Managing Director, Johan Roux to Lazarus Kanelombe, chairperson of the Erongo Regional Council.

Ambulance parade in Arandis led by the National Youth Service’s band

N$7.5m worth of Sanlam exchanges hands

A total of N$29.3 million traded on the Namibia Securities Exchange (NSX) on Monday with N$7.7 million worth of Standard Bank Group and N$7.5 million worth of Sanlam exchanging hands.

There was no local bourse trading but N$97 368 worth of Exchange Traded Funds (ETF) and Exchange Traded Notes traded.

On the Johannesburg Stock Exchange, the FTSE/JSE Africa All Share Index remained steady at 110 271.40 as 74 stocks gained, 41 fell, and four were unchanged.
MAS P.L.C. rose 6.7%, Italtile gained 5.6% and Naspers climbed 4.9%. However, Discovery fell 5.8%, Sibanye Stillwater dropped 5.2% and Pan African Resources declined 4.3%.

On the international market Wall Street’s technology-driven rally spilled into Asia as investors piled back into companies seen as beneficiaries of the AI buildout.

The yen slid to its weakest level against the US dollar since 1986.
MSCI’s Asia Pacific equities gauge climbed 1.4% on the final trading day of the quarter after a rally in semi-conductor stocks helped the S&P 500 Index snap a five-session losing streak.

Tuesday’s advance added to the Asian benchmark’s biggest quarterly jump in almost 17 years. Futures contracts indicated further gains for Europe and the US.
South Korea’s Kospi index climbed 2.9% to extend its lead as the world’s best-performing major equity benchmark this year.
Samsung Electronics Co. rose more than 5% to take its quarterly gains to above 100%, while SK Hynix Inc. extended its April-to-June rally to almost 240%. – IJG Securities.
MTC Namibia FNB Namibia NAMFISA TotalEnergies Standard Bank Group Old Mutual Namibia Namibia Travel & Tourism Forum Sanlam

Weak diamond demand hits economy as mining contracts 12.2%

Namibia’s primary and secondary industries contracted during the first quarter of 2026 as weak global demand for diamonds weighed heavily on mining activity and manufacturing output.

According to the latest data released by the Namibia Statistics Agency (NSA), primary industries contracted by 5.7%, largely due to a 12.2% decline in the mining and quarrying sector.

Diamond mining, one of the country’s key economic activities, fell by 18.6% amid subdued international demand. Production of metal ores, including gold and zinc, also declined by 31.2%.
“Furthermore, economic activities slowed in the primary industries, recording a decline of 5.7% in real value added compared to a 4.2% decline recorded in the corresponding quarter of 2025. The poor performance is attributed to the mining and quarrying sector, which registered a decline of 12.2% in real value added. The decline in performance is due to the significant reduction in mineral production, mainly in diamond and gold,” said Statistician General Alex Shimuafeni.

Despite the broader downturn in mining, uranium production grew by 14.6%, supported by favourable international prices.
Secondary industries also remained under pressure, contracting by 3.1% during the quarter.

Manufacturing declined by 5.9%, driven by an 87.9% drop in basic metals production and a 35.7% decline in diamond cutting and polishing.

“On the contrary, a downturn was witnessed in the secondary industries, which recorded a decline of 3.1% in real value added during the period under review, compared to growth of 2.4% recorded in the corresponding quarter of 2025. This performance emanates from the manufacturing sector, which registered a 5.9% decline in real value added, compared to a decrease of 1.2% witnessed in the same quarter of 2025,” he said. - miningandenergy
MTC Namibia Bank of Namibia FNB Namibia TotalEnergies Letshego Namibia Old Mutual Namibia

Meatco wins bronze at Namibia Blood Transfusion Services awards

STAFF WRITER

The Meat Corporation of Namibia (Meatco) has been awarded bronze in the Industrial Category at the 2026 Namibia Blood Transfusion Services (NAMBTS) Recognition Awards, in recognition of the company’s ongoing commitment to voluntary blood donation.

The award, presented during the NAMBTS Recognition Awards held on 11 June 2026, in Windhoek as part of the World Blood Donor Day commemorations, acknowledges organisations that actively promote blood donation among their employees.

“Through regular blood donation drives coordinated by the Meatco Clinic, the company continues to support Namibia’s national blood supply and contribute to saving lives,” said a statement issued by Meatco.

Commenting on the achievement, Meatco Interim chief executive officer, Albertus Aochamub, thanked employees for their continued participation.

“This award belongs to every Meatco employee who has donated blood over the years. Your generosity has helped save lives and demonstrates the compassion and community spirit that define our organisation. I encourage all employees to continue supporting this important initiative, as every unit of blood donated can make a life-changing difference,” he said.
The award also reflects Meatco’s consistent commitment to voluntary blood donation, having previously won gold in 2024 and bronze in 2025.

The 2026 awards were held under the theme “One Drop of Humanity: Give Blood, Save Lives,” highlighting the vital role voluntary blood donors and supporting organisations play in maintaining a safe and sustainable national blood supply.
TotalEnergies Bank Windhoek Namibia Travel & Tourism Forum Nedbank Standard Bank Group NAMFISA Meatco

Ministry clarifies stance on removal of veterinary cordon fence

NDINELAO JOHANNES

The Government will implement the gradual removal of the Veterinary Cordon Fence in a responsible, and scientific manner that safeguards animal health, protects farmers' livelihoods, and preserves Namibia's valuable livestock export markets.

This was said by the Ministry of Agriculture, Fisheries, Water and Land Reform in a statement issued by spokesperson Romeo Muyunda clarifying media reports arising from a presentation made to the National Assembly Standing Committee on Urban and Rural Development and Land Reform.

The presentation, according to the statement, suggests that “the Ministry has declared it impossible to remove the Veterinary Cordon Fence (VCF), commonly known as the Red Line”.

“The ministry wishes to clarify that this interpretation is incorrect. At no point during the presentation, or at any other time, did the ministry state that the removal of the Veterinary Cordon Fence is impossible,” said Muyunda.

He said the ministry's position remains consistent with the resolution of the Second National Land Conference, which calls for the gradual removal of the veterinary cordon fence, while taking into consideration animal health, trade, and socio-economic factors.

Muyunda says the presentation to the standing committee outlined the progress made towards implementing this resolution, including significant investments in veterinary infrastructure, quarantine facilities, abattoirs, veterinary services, and the implementation of Commodity-Based Trade to expand market access for livestock producers in the Northern Communal Areas.

“It also highlighted ongoing reviews of policy, legislative and technical frameworks to facilitate the gradual removal of the fence.

“The presentation further explained that removing the fence abruptly could expose the whole country to serious animal disease risks, including foot-and-mouth disease (FMD) and the Contagious Bovine Pleuropneumonia (CBPP) and jeopardise Namibia's internationally recognised animal health status to the detriment of the entire livestock sector value chain,” he said.

Muyunda added that the ministry's approach is to ensure that all necessary conditions are put in place, including strengthening disease control systems, establishing an effective animal movement barrier along the Namibia-Angola border, improving veterinary infrastructure and livestock marketing systems, and securing international recognition of a new FMD-free zone for the NCA.
Bank Windhoek MTC Namibia Standard Bank Group Bank of Namibia Nedbank Namibia Travel & Tourism Forum

Zimbabwe’s citrus exports up 69% in four months

Zimbabwe's citrus industry recorded US$2.2 million in export earnings in the first four months of 2026, a 69% increase from the US$1.3 million recorded in the same period the previous year, according to data from the Zimbabwe National Statistics Agency (ZimStat) compiled by agrifocusafrica.

The total exported volume surged by 90%, rising from 5,060 metric tons a year ago to 9,600 metric tons in this four-month period. This timeframe aligns with the start of the peak harvest season, when producers intensify harvesting and processing to meet international demand.
The exportable range encompasses fresh and dried oranges, mandarins, grapefruit, lemons, limes, citrus juices, and other fruit concentrates. Grapefruit and Chinese grapefruit are leading growth, with a 205% volume increase, bringing shipments to 3 800 metric tons and generating US$617 509 in foreign exchange, a 197% increase in value.

Lemons and limes are also performing exceptionally well. Export volumes increased from 2 800 metric tons to 4.9 million metric tons, bringing in US$893 670 in foreign exchange and achieving a net growth of 154%.

Projections for the remainder of the 2025/26 production cycle indicate continued growth. ZimStat reports that orange output will increase by 18% to 222 138 tons, supported by expanded cultivation areas and higher yields per hectare. Additionally, lemon and lime harvests are expected to grow by 11% to 7 462 tons.

This segment is part of the Agricultural Food Systems and Rural Transformation Strategy 2 (AFSRTS 2), Zimbabwe's long-term plan. It identifies the citrus industry as a key contributor to foreign exchange, formal employment growth, and rural development.

The government anticipates the citrus value chain will expand from 347 000 tons in 2025/26 to 482 000 tons by 2030/31. As production increases, the market's gross value is projected to grow from US$576 million to US$925 million by the end of the decade. – Fresh Plaza
MTC Namibia Bank of Namibia Nedbank TotalEnergies NAMFISA SMEs Compete

N$1.6m worth of Shoprite exchange hands

A total of N$26.8 million traded on the Namibia Securities Exchange (NSX) on Thursday with N$18.7 million worth of Standard Bank Group and N$1.6 million worth of Shoprite Holdings exchanging hands.

On the local bourse N$5.7 million worth of Oryx Properties traded down 7c. No Exchange Traded Funds (ETF) or exchange Traded Notes (ETN) trades were recorded.
On the Johannesburg Stock Exchange the FTSE/JSE Africa All Share Index rose 1.0% to 110,900.70 as 78 stocks gained, 38 fell, and three were unchanged.
Impala Platinum Holdings rose 5.8%, Northam Platinum Holdings gained 4.6% and Lighthouse Properties climbed 4.6%. Meanwhile Primary Health Properties fell 15.8%, Thungela Resources dropped 6.2% and RCL Foods Ltd declined 4.6%.

On the international market a renewed wave of tech volatility gripped Wall Street, with a selloff in megacaps tempering optimism in other corners of the stock market that were buoyed by signs the economy is in good shape.

All Magnificent Seven firms fell, with Apple Inc. leading the way after boosting prices of Macs and iPads. The drop in the S&P 500’s most-influential group sent the index wavering. That’s even as a blowout outlook from Micron Technology Inc. Boosted chipmakers.

In a sign of rotation, the equity benchmark’s equal-weighted version which strips out market-value biases climbed. Global stocks slumped to a two-week low as the tech sector came under renewed pressure after a selloff in Apple Inc.’s shares and a report that OpenAI may delay its initial public offering. – IJG Securities
FNB Namibia MTC Namibia Bank of Namibia TotalEnergies NAMFISA