FirstRand Nam braces itself for lower earnings FirstRand Namibia expects its earnings for the six months ended 31 December 2020 to be between 5% and 10% lower than the same half-year in 2019. FirstRand Namibia, of which FNB Namibia is a subsidiary, expects lower earnings for the six months ended 31 December 2020. Photo Nampa/Reuters Jo-Maré Duddy – The plunge in interest rates to historic lows will hurt the earnings of FirstRand Namibia, the locally-listed group has warned. FirstRand Namibia, one of the heavyweights on the Local Index of the Namibian Stock Exchange (NSX), expects its earnings for the six months ended 31 December 2020 to be between 5% and 10% lower than the same half-year in 2019.