Market Watch

19/09/2025

BEER TIMES: Namibia Breweries Limited (NBL) financial director Willem de Haan gave an overview of the brewer's unaudited financial results for the year ending 30 June 2025. NBL is anticipating a profit after tax of N$1.98 billion for the first half of 2025, which die Haan said was attributable to a drive in sales.

He made the remarks this morning at the brewer's results presentation, following a trading statement estimating headline earnings of around 75% to 80%.

19/09/2025

19/09/2025

WATCH: Letshego Namibia CEO Ester Kali has admitted that while the soon to be phased out deduction at source (DAS) mechanism is the lender's golden goose, it is geared for the future through various products it has rolled out, and is confident the business remains geared for the future.

19/09/2025

SAVE THE DATE

19/09/2025

WATCH: Capricorn Group CEO David Nuyoma says the banking group will engage the ministry of finance with regards to a recent decision to phase out deduction codes to ensure lenders conduct more stringent affordability assessments. Capricorn's subsidiary, Entrepo, uses deduction codes to process loan repayments from employee loans and is anticipated to be impacted by the phasing out of the deduction codes on the part of the government.

Nuyoma made the remarks at the banking group's results presentations this morning.

19/09/2025

19/09/2025

18/09/2025

Tomorrow's front page

18/09/2025

JUST IN: Namibia Breweries Limited (NBL) has announced it expects a jump in profits for the six months ending 30 June 2025.

In a notice to shareholders, the company projected its operating profit will increase by 75% to 80% compared to the same period last year. Earnings for shareholders are also expected to surge by up to 95%.

NBL is crediting the strong forecast to booming sales volumes in Namibia, benefits from packaging its wine and cider locally, and disciplined cost management.

18/09/2025

JUST IN: Namibian rumpsteak will be served at Block House restaurants across Germany from 20 September 2025, marking the first time the African country's beef has been offered by a major European restaurant chain.

The German steakhouse group, which operates 42 Block House locations, will feature Namibian rumpsteak as a monthly special. The agreement was reached with Eugen Block Holding GmbH after two and a half years of negotiations.

Valentin Külbs, managing director of South Trade GmbH, said the partnership highlighted Namibian beef's quality credentials.
"Namibian beef stands out not only for its quality, but for the values behind it, being free-range, grass-fed, high animal welfare factors and sustainably produced. We are proud to have helped bring this exceptional product to one of Europe's most respected restaurant groups," he said.

Namibia Investment Promotion and Development Board

18/09/2025

JUST IN: Letshego Bank Namibia and Letshego Micro Financial Services Namibia, has suspended all new Deduction at Source (DAS) loans for government employees, effective immediately.

This follows an announcement earlier this month that the ministry of finance will discontinue discretionary payroll deductions for government employees with the Payroll Deduction Management System which is scheduled to shut down on 30November.

“Moving forward, all new micro-lending loans will be issued through debit order arrangements and will be subject to a credit affordability assessment, ensuring responsible lending and continued financial support for our customers,” Letshego Namibia said.