Simonis Storm Securities – Windhoek Observer

23 Sep

Residential development dominates August building statistics

ObserverObserver MoneyNational Housing Enterprise (NHE), Simonis Storm Securities

Martin Endjala Residential development in Windhoek and Swakopmund dominated building statistics during August, with construction activities in both cities continuing to show growth. According to a report by Simonis Storm Securities, construction activity remained modest in both Windhoek and Swakopmund, with continued development in both regions. Windhoek recorded an increase in approvals from 189 in July 2024 to 222 in August 2024, the highest on record for the year. Swakopmund also saw a rise in approvals, jumping from 39 to 64 during the same period. Despite this increase in construction activity, the overall value of completed projects experienced a sharp…

22 Aug

Car sales exceeded pre-pandemic levels

ObserverObserver MoneyBank of Namibia, Simonis Storm Securities

CHAMWE KAIRA Simonis Storm Securities believe that the 25 basis point repo rate cut by the Bank of Namibia is unlikely to significantly impact vehicle sales in the short term, given that current sales figures have already exceeded pre-pandemic levels, reflecting a resilient market recovery. The firm noted that the second-hand vehicle market has gained considerable traction, becoming an attractive option for buyers amid economic prudence. This trend suggests a shift in consumer preferences towards more cost-effective alternatives, especially in an environment where luxury vehicle purchases remain restricted. Simonis noted the deceleration in motor vehicle price inflation suggests some relief…

15 Dec

Vehicle sales record positive growth in November

ObserverNational NewsSimonis Storm Securities, Theo Klein, Vehicle sales record positive growth in November

Tujoromajo Kasuto Vehicle sales broke a two consecutive months’ decline in November rising by 38.4 percent in. On a monthly basis, vehicle sales increased by 4.9 percent in November 2022 compared to -2.2% this October. A total of 1,045 units were sold in November, higher than the long-run average of 840 units. According to Simonis Storm Securities, medium and light commercial vehicles recorded the largest annual increases in units sold, and the extra-heavy commercial vehicle was the only category which recorded a decline in units sold. Economist Theo Klein notes that the firm is cautiously positive on vehicle sales in…

28 Nov

Black faces on company, corporate boards for what sake and at what expense?

ObserverUncategorisednationalisation, Nictus Holdings Limited, Simonis Storm Securities

Yours Truly Ideologically cannot but just welcome the information in the Simonis Storm Securities revealing that the Nictus Holdings Limited is the only listed Namibian company without any previously disadvantaged person on its board of directors for what it is, just information. Because Yours Truly Ideologically has no illusion what Nictus is, has been and would for a long time be. A bastion of Afrikaner empowerment and capitalism. Thus in the final analysis this information is just academic. Academic and of interest if at all to policymakers and politicians only to gather dusts like many others in government offices’ shelves.…