Namibian Stock Exchange

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Namibian Stock Exchange (NSX)
Type Stock Exchange
Location Windhoek, Namibia
Founded January 18, 1904 (old)
September 30, 1992 (new)
Owner Members
Key people David Nuyoma (Chairman)
Tiaan Bazuin (CEO)
Currency Namibia dollar
No. of listings 44 which include 4 Commodity ETF’s (2017)
Market cap N$2 trillion (Dec 2017)
Volume N$6.63 billion (Dec 2017)
Website http://www.nsx.com.na

The Namibian Stock Exchange (NSX) (Afrikaans: Namibiese Effektebeurs; German: Börse Namibia) is the only stock exchange in Namibia. Based in Windhoek, it is one of the largest stock exchanges on the African continent. It has a partnership with JSE in neighbouring South Africa. The NSX is only open on weekdays, and trades continuously from 09:00 to 17:00 (WAT), excluding public holidays.[1]

The stock exchange operates under a license from the Namibian non banking financial regulator NAMFISA. The stock exchange is regulated by the Stock Exchanges Control Act (1985 and 1992).

History

The first stock exchange in Namibia was founded in Lüderitz (previously named the Lüderitz Stock Exchange). It opened at the start of the 1900s as a result of the diamond rush, which brought hundreds of prospectors to the desert, who then built towns. After a few years, the old exchange closed when the diamond rush ended and there was no more business.[2]

Relaunch

The idea of a second Namibian Stock Exchange was started as people planned to build an independent economy ahead of the 1990 national independence from South African occupation. The government gave the idea the go ahead and full legislative support,[2] while funding came from 36 leading Namibian businesses, representing the full cross-section of interested parties in developing capital markets, who became founder members by donating N$10,000 each to act as start-up capital for the first three years of the exchange. The official launch, by then Finance Minister Gert Hanekom, was on September 30, 1992,[3] and trading began the next day in the shares of Nictus, a local firm already listed in Johannesburg, and on that day dual-listed in Namibia. At that stage there was only one stockbroker, who also acted as consultant. Since then, five more stockbrokers have joined and twice a year the NSX sets examinations for new stockbrokers.

Listed companies

As of March 2018 there are 43 companies listed on the stock exchange. In addition, there are 33 companies with more than one listing, and 24 companies also listed on the JSE in South Africa. The Namibian Stock Exchange has ten local listings.[clarification needed][4]

Company Sector
Anglo-American Industrial Metals
Paladin Energy Mining
Afrox Chemistry
Barloworld General Industry
Bidvest Namibia Support Services
Namibia Breweries Beverages
Clover Industries Ltd Food Processors
Oceana Group Food Production
Mediclinic International Plc Health Care Providers
Nictus Holdings Trade
Truworths International Trade
Shoprite Holdings Food Trade
Capricorn Investment Group Ltd Banking
FirstRand Bank
FNB Namibia Holdings Ltd Banking
Nedbank Group Banking
Standard Bank Group Banking
Santam Insurance
MMI Holdings Life Insurance
Old Mutual Life Insurance
Sanlam Life Insurance
Oryx Properties Real Estate
Vukile Property Fund Real Estate
Astoria Investments Ltd Finance
Bravura Holdings Ltd Finance
Investec Finance
Namibia Asset Management Finance
PSG Konsult Ltd Finance
Stimulus Investments Finance
Tadvest Limited Finance
Trevo Capital Limited Finance
TrustCo Group Holdings Finance
Letshego Holdings Namibia Finance
B2Gold Mining
Bannerman Resources Mining
Deep Yellow Mining
Extract Resources Namibia Mining
Forsys Metals Mining
Marenica Energy Mining
Nimbus Infrastructure Ltd CPC

References

  1. ^ "FAQ - Namibian Stock Exchange". nsx.com.na. 
  2. ^ a b "About Us - Namibian Stock Exchange". nsx.com.na. 
  3. ^ Sherbourne, Robin. Guide to the Namibian Economy 2013/14. Institute for Public Policy Research, Namibia. p. 28. ISBN 978-99945-78-14-6. 
  4. ^ "Börsenhandel nimmt im Jahr 2010 ab". az.com.na. 

External links

  • Official website
  • Namibian Stock Exchange
  • NSE Profile
  • About Namibia

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