698 new vehicles were sold in November, representing a 24.9% m/m increase from the 559 vehicles sold in October, but a 20.2% y/y decline from the 875 new vehicles sold in November 2019. Year-to-date 6,913 vehicles have been sold of which 2,881 were passenger vehicles, 3,554 were light commercial vehicles,… Continue reading
Overall Total credit extended to the private sector (PSCE) increased by N$71.6 million or 0.1% m/m in October, bringing the cumulative credit outstanding to N$102.95 billion. On a year-on-year basis, private sector credit extension increased by only 1.0% y/y in October, compared to 1.5% growth recorded in September. This represents… Continue reading
A total of 306 building plans were approved by the City of Windhoek in October, 72 more than in September. In value terms, approvals rose by N$194.1 million to N$327.7 million in October from N$133.6 million worth of approvals in September. A total of 65 building plans were completed at… Continue reading