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The country’s annual inflation for March 2022 increased by 4.5% compared to 3.1% recorded in March last year due an increase in prices of transport and food, the Namibia Statistics Agency (NSA) said on Thursday.

Ninety One unseated the Old Mutual Investment Group (OMIG) as South Africa's largest asset manager. The asset manager, which de-merged from Investec and listed separately in 2020, had £140 billion (R~2.6 trillion) at the end of its half-year period on 30 September 2021.

South African-born billionaire Elon Musk has offered to buy Twitter for about $41 billion (R600 billion), just days after rejecting a seat on the social media company's board.

The Brief (TB) caught up with Namcor Managing Director Immanuel Mulunga (IM) on the company's recent exploits in Angola, where it was successfully awarded an oil producing bid with its partners by Angola’s state oil company, Sonangol. Below is an extract of the interview.

The Bank of Namibia (BoN) raised its repo rate by another 25 basis points to 4.25% on Wednesday, the second hike in a row as it seeks to reduce second-round effects from sharply rising inflation.

Toyota is faced with a backlog of between 600 and 700 new vehicles in Namibia, and is struggling to source new vehicles in a timely manner from global factories to satisfy rising demand in the country.

The Road Fund Administration (RFA) says it has secured N$350 million from Nedbank Namibia to finance its Low Volume Road Seal Strategy (LVRSS).

Mineral Resources and Energy minister Gwede Mantashe will tender proposals to build new nuclear capacity in South Africa.

Value fashion and homeware retailer Mr Price announced on Wednesday that it is acquiring 70% of the owner of Studio 88 Group, which includes the SideStep, John Craig, Skipper Bar brands, for R3.3 billion.

The National Petroleum Corporation of Namibia (Namcor) has won an production bid in Angola.

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