Observer Money

Staff Writer Global asset manager Ninety One expects to complete the South African leg of its acquisition of Sanlam Investment Management Proprietary Limited this week. This marks the start of a long-term strategic relationship with the Sanlam Group. The transaction follows joint announcements made by Ninety One and Sanlam in November 2024 and March 2025, when the two groups outlined plans to form a long-term active asset management partnership.  The deal involves Ninety-One Limited acquiring all the shares in Sanlam Investment Management and formally launching an initial 15-year strategic relationship with Sanlam once the transaction is completed. As part of…

Chamwe Kaira Stimulus Investments Limited has sold a 7.2% stake in Cymot Investments (Pty) Ltd and renewed a cautionary notice to shareholders. In a voluntary update issued on the Johannesburg Securities Exchange (JSE), the Namibia-incorporated investment holding company said it concluded the transaction to partially exit its investment in Cymot.  The sale increases the shareholding of the Cymot Employee Share Trust, allowing greater ownership by employees within the Cymot Group. Stimulus said the transaction was settled in cash. After the sale, the company retains a 25.1% shareholding in Cymot Investments. The company also advised shareholders that it has entered into…

Chamwe Kaira The Bank of Namibia (BoN) was scheduled to return to the market on Thursday with a treasury bill auction totalling N$1.51 billion across the 91-, 182-, 273- and 364-day maturities. According to Simonis Storm, system liquidity rose slightly to N$5.3 billion from N$5.2 billion at the previous auction. “This suggests a modest reduction in incremental funding capacity among banks, which could slightly temper participation at the margin. Namibia's position liquidity, however, declined more sharply to N$569 million from N$1 billion previously,” Simonis Storm said. Despite the drop in position liquidity, recent auction results show that overall conditions remain…

Chamwe Kaira Bannerman Energy Ltd ended the quarter to 31 December 2025 with a cash balance of A$89.3 million and liquid assets of about A$12.7 million.  The company has no debt apart from normal creditor balances. Early works spending reached about A$48.5 million, while committed early works contracts total around A$42.1 million. Bannerman said its balance sheet supports a disciplined, stage-gated approach to spending and contract awards.  The company continues to assess funding options for Etango, including project and corporate debt, as well as possible offtake and joint venture arrangements. Azure Capital and Vermilion Partners are advising on the funding…

Chamwe Kaira Japan plans to build a synthetic diamond plant in the United States under a memorandum of understanding signed with the United States.  The agreement sets a framework for up to US$550 billion in Japanese strategic investments aimed at strengthening economic and national security ties between the two countries. The move could further weaken Namibia’s natural diamond exports, as the United States is one of the country’s largest markets. The Bank of Namibia has already said that growing competition from synthetic diamonds is pushing down prices for natural stones. Late last year, Debmarine Namibia chief executive officer Willy Mertens…

Staff Writer Paratus Namibia Holdings Limited said shareholders unanimously approved all resolutions tabled at its Annual General Meeting held on 27 January 2025. The meeting was convened in line with the notice issued to shareholders on 4 December 2025. No special resolutions were considered. At the time of the AGM, the company had 98.90 million shares in issue. Shareholders representing 91.84 million shares attended in person or by proxy. This represented about 93% of the total voting shares. Shareholders approved the adoption of the Integrated Annual Report for the financial year ended 30 June 2025, including the annual financial statements.…

Staff Writer Trustco Group Holdings Limited has terminated its transaction framework with Legal Shield Holdings Limited after concluding that the conduct of Riskowitz Value Fund LP was incompatible with the framework approved by shareholders. In a market update, Trustco said its board completed a detailed review of the Legal Shield transaction approved by shareholders in December 2024.  The review also considered later disclosures and the actions taken by Riskowitz Value Fund LP after the first tranche of the transaction was implemented. Trustco said shareholders approved the transaction on the clear basis that it would not lead to any direct or…

Staff Writer Woolworths Holdings Limited reported turnover and concession sales growth of 5.4% for the 26 weeks ended 28 December 2025. The growth exceeded inflation and reflected positive performance across all business segments despite tough economic conditions in South Africa and Australia. On a constant currency basis, group turnover and concession sales increased by 6.1%. The company said consumer demand remained resilient across its portfolio. In South Africa, Woolworths recorded above-market turnover and concession sales growth of 6.8%. The food business led performance, with turnover and concession sales rising by 7.0%, or 5.2%, on a comparable-store basis. The retailer reported…

The Angola Oil & Gas Conference & Exhibition (AOG), organised by Energy Capital & Power was officially launched in Luanda this week marking the start of the countdown to the country’s premier oil and gas event.  Scheduled to take place on 9-10 September 2026, in Luanda, under the theme Investing in the Future of Angola, the event comes on the heels of Angola’s 50 years of independence in 2025, providing a strategic platform for policymakers, operators, financiers and service providers to chart the next five decades of hydrocarbon development. With a one-billion-dollar investment pipeline underway, new barrels coming to the…

Chamwe Kaira Air Connect Namibia has recorded steady growth in air connectivity, positioning Namibia as the leading performer in Southern Africa in terms of new international air connections. The initiative was established in 2024 as a collaborative air service development programme led by the Namibia Airports Company, with the aim of improving international air access to the country. Passenger traffic has continued to grow. Between January and October 2025, passenger numbers increased by 11%. This followed a milestone in 2024, when Namibia recorded more than one million origin-destination passengers, also an 11% increase compared to 2023.  The figures were shared…