Simonis Storm

28 years in the business of creating wealth, and we’re just getting started. Here’s to enriching generations for decades to come. #happybirthday #celebrate #milestone

CHARTING THE STORM: Elon Musk’s Government Efficiency Push and Trump’s Policy Proposals

Join us in making a life-saving difference! We’re hosting Namibia Blood Transfusion Services (NAM BTS) a blood donation drive right here at our offices. When: 15th November Where: Simonis Storm Securities Offices Why: Every donation can save up to three lives. Every drop counts. Whether you're a first-time donor or a regular, your generosity can make all the difference. #NAMBTS #EveryDropCounts #SaveLives

This week, we hosted an insightful breakfast event showcasing Investec's Offshore Structured Products. Excited to bring our clients access to innovative, global investment solutions that open doors to unique opportunities offshore. #InvestSmart #GlobalInvesting #SimonisStormSecurities #Investec #OffshoreInvestments #FinancialGrowth

CHARTING THE STORM: Understanding the S&P500 index   The S&P 500 index, a core measure of large-cap U.S. equities, represents 500 of the leading companies and accounts for approximately 80% of the total market capitalization. The index is divided into 11 sectors, with Technology, Health Care, and Financials leading in weight, largely influenced by companies like Apple and Microsoft. As of October 25th, the index has posted a strong 26.7% year-to-date return, driven by capital appreciation and dividends. For much of the year, growth was heavily concentrated in the "Magnificent 7" – Apple, Microsoft, Amazon, Alphabet, NVIDIA, Tesla, and Meta – whose significant market caps fuelled early gains. Since August, however, the breadth of performance has expanded, suggesting a broader base of sector participation, a positive signal for the sustainability of the rally in U.S. equities.

Why is a real estate crisis in China important for us in Southern Africa? China’s post-Covid recovery has fallen short of expectations, with economic performance consistently lagging behind forecasts. This has led to mounting global expectations for bold action from Beijing. But what’s behind this slowdown, and which steps should policymakers consider to bring growth back on track? Read more here: https://lnkd.in/dpWrY5mJ

Be a hero at Simonis Storm on November 15, 2024! Join our blood donation clinic and help save lives with your generous gift. Together, we can make a difference! #BloodDonation #SimonisStorm

CHARTING THE STORM: From Viral to Vital – TikTok's Role in Shaping the U.S. Economy As TikTok faces the potential of a nationwide ban in the U.S. amid ongoing legal proceedings, it's crucial to recognize the substantial economic footprint the platform has left on the U.S. economy. While rising unemployment rates have sparked concerns over further economic instability, TikTok has emerged as an unexpected player in job creation. The platform has facilitated the creation of 224,000 jobs across various industries, with a ripple effect that extends well beyond its direct operations. In 2023 alone, TikTok’s U.S. presence contributed 59,000 additional jobs to the workforce. TikTok's economic contributions in 2023 were impressive, adding $24.2 billion to the nation's GDP. This highlights the platform's evolution from an entertainment app to a key economic driver, influencing multiple sectors. In particular, TikTok has been a lifeline for small businesses, enabling them to generate $14.8 billion in revenue while contributing $2 billion in taxes. The platform's viral trends have had a profound impact on the food and beverage industry, transforming online phenomena into real-world economic outcomes. In 2023, TikTok contributed $6.4 billion to GDP in this sector and created 73,000 jobs—demonstrating its tangible influence beyond social media. TikTok’s economic role is far-reaching, boosting GDP, supporting small businesses, generating tax revenue, and creating jobs. Its influence extends well beyond the digital realm, shaping and sustaining key sectors of the U.S. economy.

The Bank of Namibia (BoN) has reduced the repo rate by 25-basis points, bringing it down to 7.25%, with the prime lending rate also decreasing from 11.25% to 11.00%. This marks the second consecutive rate cut for 2024 by the Bank of Namibia’s Monetary Policy Committee (MPC), reflecting a shift towards supporting domestic economic growth while preserving the peg between the Namibian Dollar and the South African Rand. This move also restores the 75-basis points differential between Namibia and South Africa's interest rates. The decision comes against the backdrop of slower economic growth in the second quarter of 2024, both on a quarterly and yearly basis, as well as inflation easing to below 4%-mark to 3.4%. This is the lowest CPI figure since August 2021. Despite subdued private sector credit extension and a widening trade deficit, Namibia’s international reserves remain strong, ensuring the country can meet its external obligations and maintain currency stability. Lower interest rates can stimulate economic activity by providing relief to consumers and businesses through reduced borrowing costs. As the cost of borrowing decreases, we may observe a gradual rise in credit uptake, particularly within the private sector. Over time, this can translate into increased private sector credit extension, especially for households seeking loans.

What an empowering evening at our Wealth Creation Event at the coast! A big thank you to everyone who participated in exploring strategies for building Generational Wealth. #SimonisStorm