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Tourism boom as mining declines

Mon, 20 October 2014 04:51
by Timoteus Shihepo

Namibia received more than 37 000 international tourist in August the latest Namibia Statistics Agency’s Monthly Tourism report show.
According to the report, there were more passenger arrivals than departures in month of August. The arrivals stood at 37 366 and departures at 36 818 compared to arrivals and departures which stood at 37 439 and 35 183 year on year respectively.
“August month, recognised as the holiday’s designation by many with trade fairs attracting more visitors to explore their full potential of trade, business and investment opportunities in the country,” part of the report states.
In the report the index levels which is measured from 0 to 160 points for both regional and international arrivals and departures continue to expand and stood at 124 and 125 points in August 2014 compared to 115 and 114 points month on month representing an increase of 7.9% and 9.4%.
The latest NSA’s statistics also shows that overall mining production index decreased to 83.4 in August from 83.9 points recorded in July, a decline of 0.5% month on month and a decline of 11.4 points or 12% year on year.
The decline is attributed to poor production in the zinc and copper sectors. Copper production index decreased to 53.6 points in August from 100.2 recorded in July, showing declines on month on month and year on year by recording 46.5% and 18.9% respectively. Zinc production also decreased by 16.5% month on month and 27.2% year on year.
Diamond, Uranium and Gold however recorded increases in production despite the labour unrest, Diamond production index stood at 77.9 in August, increasing by 2.1 points which represents an increase of 2.8% month on month and 4.7 points year on year signifying an increase of 6.5%.
Uranium production index stood at 76.9 points which is an increase of 3.4 points or 4.6% month on month and a decline of 30.3 points representing 28.2% year on year.
Gold production index increased to 103.9 in August from 90.9 points in July, representing an increase of 14.3% month on month and a decline of 14.4% year on year.
The latest NSA’s Monthly Electricity report also shows that the electricity sales composite index (ESCI), consisting of domestic and export sales of electricity, has remained largely unchanged over the past year, fluctuating between the index level of 100 and 120.
The composite index of electricity sales index for August stood at 116 points. This represents a decrease of 4 basis point month on month while year on year the index is up by 0.6 basis points, translating to a 3.2% decline and 0.5 increase respectively.
“The electricity sales took a deep in the month of August which was mainly influenced by domestic sales that declined by 3.3% when compared to July. During the period under review, total sales of 260 495 mega-watt hours were recorded, an increase of 0.5% year on year and a decline of 3.2% month on month comparison,” part of the report states.
Sales to distributors and mining continues to be the major driver of the domestic electricity sales, recording 190 476 mega-watt hours and 51 597 mega-watt hours in volume terms, respectively.
The latest NSA’s Monthly Livestock report also show that the composite livestock marketed index for August 2014 stood at 76.7 points when compared to 108.6 points recorded in August 2013, representing a decline of 29.8% year on year but remained unchanged on month on month basis.
The report partly states that, “On average the composite livestock marketed stood at 87.8 points in 2014, a decline of 20.3% year on year. Since January 2014, on average, cattle marketed index stood at 78.1, a decline of 38.7% year on year. The index of pigs stood at 105.3 points in August 2014, a decline of 2.6% year on year and a decline of 21.6% month on month.”
In the Monthly Building Plans report shows that the composite index of buildings completed index stood at 154 points in August 2014 compared to 137 points in August 2013.
This is the second highest composite index recorded in the past 12 months. The buildings completed in August 2014 amounted to N$117m compared to N$104m in the same months of 2013.
In August City of Windhoek’s building completed index drove a decline in the overall index from 96 points to 76.6. The poor performance is mainly attributed to the residential buildings category.
The report states that, “Swakopmund municipality performed relatively well recording an index of 442 points, representing an increase of 193.3% year on year and 312.1 month on month. This is mainly attributed to the additions and alterations category. Ongwediva town council recorded an index of 175 points, representing a decline of 79.2% and an increase of 106.7% month on month respectively.”
It added that, “Walvis Bay municipality recorded an index of 173 points, representing an increase of 102.9% year and year and 47.1% month on month.”