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Stocks bleed after Alweendo’s comments

Ownership debacle spooks investors

International media reports quoting mines and energy minister Tom Alweendo saying that government wants a stake in all mines in Namibia have caused a slump in mining stocks in especially Australia.

Jo-Maré Duddy

Vor 1 Jahr 01 June 2023 - 2023-06-01 00:10:00

Reassurances yesterday by Paladin Energy and Deep Yellow that they were not aware of any legislative changes in Namibia that would affect the ownership of their assets in the count

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Katima Mulilo: 19° | 24° Rundu: 19° | 20° Eenhana: 16° | 19° Oshakati: 17° | 21° Ruacana: 15° | 19° Tsumeb: 19° | 25° Otjiwarongo: 18° | 28° Omaruru: 18° | 33° Windhoek: 21° | 29° Gobabis: 21° | 32° Henties Bay: 18° | 23° Swakopmund: 18° | 19° Walvis Bay: 18° | 22° Rehoboth: 23° | 33° Mariental: 25° | 33° Keetmanshoop: 25° | 37° Aranos: 23° | 34° Lüderitz: 16° | 24° Ariamsvlei: 25° | 40° Oranjemund: 16° | 25° Luanda: 25° | 26° Gaborone: 19° | 33° Lubumbashi: 16° | 23° Mbabane: 17° | 24° Maseru: 16° | 31° Antananarivo: 17° | 26° Lilongwe: 18° | 23° Maputo: 22° | 33° Windhoek: 21° | 29° Cape Town: 20° | 32° Durban: 21° | 26° Johannesburg: 15° | 30° Dar es Salaam: 26° | 31° Lusaka: 17° | 21° Harare: 16° | 25° Currency: GBP to NAD 22.92 | EUR to NAD 19.09 | CNY to NAD 2.5 | USD to NAD 18.09 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.17 | INR to NAD 0.21 | USD to DZD 132.89 | USD to AOA 910.98 | USD to BWP 13.67 | USD to EGP 49.54 | USD to KES 129.61 | USD to NGN 1678.72 | USD to ZAR 18.09 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 84845.88 Up +0.13% | Namibian Stock Exchange (NSX) Overall Index 1835.78 Up +0.17% | Casablanca Stock Exchange (CSE) MASI 15969.02 Down -0.33% | Egyptian Exchange (EGX) 30 Index 29826.58 Up +0.70% | Botswana Stock Exchange (BSE) DCI 10073.16 Up +0.11% | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 742.68/OZ UP +1.19% | Copper US$ 4.30/lb UP +0.01% | Zinc US$ 2 928.50/T DOWN -0.01% | Brent Crude Oil US$ 79.50/BBP DOWN -0.0057 | Platinum US$ 954.81/OZ UP +0.22% Sport results: Weather: Katima Mulilo: 19° | 24° Rundu: 19° | 20° Eenhana: 16° | 19° Oshakati: 17° | 21° Ruacana: 15° | 19° Tsumeb: 19° | 25° Otjiwarongo: 18° | 28° Omaruru: 18° | 33° Windhoek: 21° | 29° Gobabis: 21° | 32° Henties Bay: 18° | 23° Swakopmund: 18° | 19° Walvis Bay: 18° | 22° Rehoboth: 23° | 33° Mariental: 25° | 33° Keetmanshoop: 25° | 37° Aranos: 23° | 34° Lüderitz: 16° | 24° Ariamsvlei: 25° | 40° Oranjemund: 16° | 25° Luanda: 25° | 26° Gaborone: 19° | 33° Lubumbashi: 16° | 23° Mbabane: 17° | 24° Maseru: 16° | 31° Antananarivo: 17° | 26° Lilongwe: 18° | 23° Maputo: 22° | 33° Windhoek: 21° | 29° Cape Town: 20° | 32° Durban: 21° | 26° Johannesburg: 15° | 30° Dar es Salaam: 26° | 31° Lusaka: 17° | 21° Harare: 16° | 25° Economic Indicators: Currency: GBP to NAD 22.92 | EUR to NAD 19.09 | CNY to NAD 2.5 | USD to NAD 18.09 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.17 | INR to NAD 0.21 | USD to DZD 132.89 | USD to AOA 910.98 | USD to BWP 13.67 | USD to EGP 49.54 | USD to KES 129.61 | USD to NGN 1678.72 | USD to ZAR 18.09 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 84845.88 Up +0.13% | Namibian Stock Exchange (NSX) Overall Index 1835.78 Up +0.17% | Casablanca Stock Exchange (CSE) MASI 15969.02 Down -0.33% | Egyptian Exchange (EGX) 30 Index 29826.58 Up +0.70% | Botswana Stock Exchange (BSE) DCI 10073.16 Up +0.11% | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 742.68/OZ UP +1.19% | Copper US$ 4.30/lb UP +0.01% | Zinc US$ 2 928.50/T DOWN -0.01% | Brent Crude Oil US$ 79.50/BBP DOWN -0.0057 | Platinum US$ 954.81/OZ UP +0.22%