PRIVATE SECTOR CREDIT EXTENSION (PSCE) – MARCH 2025
PRIVATE SECTOR CREDIT EXTENSION (PSCE) – MARCH 2025 Credit Growth Trends Private Sector Credit Extension (PSCE) growth accelerated to 5.0% y/y in March 2025, up from 3.9% y/y in February, marking the strongest expansion since March 2020. This sharp improvement was underpinned by robust growth in corporate credit, while household credit showed a slight uptick. […]
FINANCIAL INDICATORS
Private Sector Credit Extension (PSCE) maintained its upward trajectory for the third consecutive month, rising to 3.0% year-on-year (y/y) in September, compared to 2.1% at the end of August. This marks the second time this year that the PSCE rate has exceeded 3%, refecting sustained growth momentum since April 2023. During Q3 2024, annual credit […]
VEHICLE SALES REACH 6360 IN THE FIRST HALF OF 2024
Article by Business Express In the first half of 2024, a total of 6,361 units were sold, slightly below the 6,441 units sold in the same period of 2023 but surpassing pre-pandemic levels, a report by Simonis Storm reveals. In June 2024, vehicle sales increased to 993 units from 966 units in May 2024, representing […]
THE YEAR IN REVIEW
Entering 2023, Namibia’s economic landscape was characterised by cautiously optimistic projections, underpinned by strong commodity performance, a surge in government spending, the expected validation of prior oil discoveries and the emerging interest in green hydrogen initiatives. However, as the year unfolded, the optimism was somewhat offset by the reality of an economy still grappling with […]
FIRSTRAND NAMIBIA LAUNCHES FIRST JOB INTERNSHIP PROGRAMME: Becoming globally competitive begins at home
Caption: ART1427: (f.l.t.r) Wiann Mans, Learning and Development Manager, Isdor Angula, FirstRand Namibia CHRO, Elzita Beukes, Group Communications Manager, Daisry Mathias, Presidential Advisor: Youth and Enterprise Development, and Conrad Dempsey, FirstRand Namibia CEO. 24 November 2021 FirstRand Namibia has launched the FirstJob Internship Programme in line with the leading financial services group’s purpose and broader Namibian […]
FIRSTRAND NAMIBIA ANNOUNCES ANNUAL FINANCIAL RESULTS
Deeply invested in Namibia’s wellbeing 10 September 2021 FirstRand Namibia Limited announced its financial results for the year ending 30 June 2021, reflecting an extremely difficult operating environment, with normalised earnings decreasing. Oscar Capelao, FirstRand Namibia Chief Financial Officer commented: “Post the beginning of lockdown in March 2020, underlying customer income and affordability in all segments […]