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Chamwe Kaira Namibia’s annual inflation rate eased to 3.5% in July from 3.7% in June, resuming the downward trend seen earlier in the year.  However, an analyst has warned that risks remain skewed to the upside heading into the last part of 2025. Almandro Jansen of Simonis Storm Securities said imported cost pressures continue to present the main threat.  He pointed to the 30% US tariff on South African exports and ongoing reviews of US tariffs on Chinese goods as new sources of uncertainty in global supply chains. “For Namibia, the short-term impact may involve marginal relief from surplus South…

Chamwe Kaira Capricorn Group has told shareholders it expects profit after tax, earnings per share and headline earnings per share for the year ended 30 June 2025 to rise by between 12% and 17% compared to the previous year. The audited results are scheduled for release on or about 18 September. In the 2024 financial year, Capricorn reported profit after tax of N$1.74 billion, up 17.7% from N$1.48 billion in 2023. Return on equity increased to 17.9% from 17.6%. The growth was attributed to strong results across its businesses, including Bank Windhoek, Bank Gaborone, Capricorn Asset Management, Entrepo Group, Peo…

Chamwe Kaira  The new executive committee of the Namibia Chamber of Commerce and Industry (NCCI) Lüderitz branch has pledged to represent businesses of all sizes. It will focus on creating an enabling environment that promotes entrepreneurship, youth empowerment, and investment. Alex Gawanab was elected chairperson, with Daniel Hooft as vice-chairperson. Both are prominent figures in the local business community, representing the fishing industry and the emerging kelp-linked sector. In his acceptance speech, Gawanab said Lüderitz has the resources to drive economic growth in the town and the Karas Region through both established industries and new sectors.  He said the committee…

Shoprite Group results for the 52 weeks ended 29 June surpassed a N$250 million mark, the group announced on Tuesday. Chief executive officer Pieter Engelbrecht said the group achieved sales growth of N$20.6 billion for the period. Engelbrecht said the group returned N$16.5 billion at point of sale while successfully maintaining its selling price inflation at only 2.3% in its core Supermarkets RSA segment.  The group has 30 million customers, and in terms of sales performance in its core Supermarkets RSA segment, the Shoprite and Usave brands saw a sales increase of 5.9%, translating to N$6.5 billion in sales growth…