Private sector credit extension growth remained unchanged in September, at an elevated level of 16.3 percent year on year. This growth was driven by strong uptake in credit to businesses, which expanded by 20.2 percent year on year, while credit extension to individuals saw lesser growth of 12.9 percent year… Continue reading
Over the past quarter several bond auctions were under-allotted as indicated by the table below. In particular the GC24, GC25 and GC27 saw relatively weak demand, representing N$93m of the N$174m shortfall. We believe there to be a number of factors underlying this under allocation, both on the supply and… Continue reading
Annual Inflation for September declined by 0.1 percentage points, to 5.3% compared to 5.4% recorded August. On a monthly basis, the inflation rate eased to 0.2% from 0.3%. The annual decline in inflation resulted from food and non-alcoholic beverages, transport, recreation and culture, housing, water, electricity gas and other fuels… Continue reading