A total of 129 building plans were approved in July, falling by 53 approvals from the 182 recorded in June. In dollar terms approvals fell by N$154.9 million to N$140.9 million in July from N$295.8 million approved in June. Completions showed more encouraging signs, registering 36 completions to the value… Continue reading
Bank of Namibia’s Monetary Policy Committee (MPC) decided to cut the Repo rate by 25 basis points to 6.75% today (16 August 2017). This is the first meeting of the MPC since the South African Reserve Bank (SARB) effected its first rate cut in five years by 25 basis points in… Continue reading
Vehicle sales of 1,346 units was recorded in July, with overall sales falling by 12.8% from the 1,544 new vehicles sold in July 2016, and a 10.3% m/m increase on the 1,220 vehicles sold in June. Year to date, 8,178 vehicles have been sold, 22% less than the corresponding period… Continue reading