PSCE – June 2015

Private sector credit extension growth slowed to 14.8% in June, from 16.2% in the preceding month, on a year-on-year basis. On a month-on-month basis, credit extension contracted by 0.24%. This is the first time since July 2011 that we have seen a month-on-month contraction in credit extension. This contraction is… Continue reading

Bidvest Namibia acquires entire stake in Novel Motors for N$231.8 million

  Shareholders are advised that Bidvest Namibia has, through wholly owned subsidiaries, acquired the entire issued share capital of International Capital Investments (Pty) Ltd, trading as Novel Motor Company (“Novel Motors”) and Lenkow (Pty) Ltd (which owns the Windhoek showroom and service centre premises from where Novel Motors operates) (“the… Continue reading