Namibian Stock Exchange
TypeStock Exchange
LocationWindhoek, Namibia
Founded18 January 1904 (old)
30 September 1992 (current)
OwnerMembers
Key peopleDavid Nuyoma (Chairman)
Tiaan Bazuin (CEO)
CurrencyNamibian dollar
No. of listings44 which include 4 Commodity ETF’s (2017)
Market capN$2 trillion (Sep 2018)
VolumeN$13.859 billion (Aug 2018)
Websitewww.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 known as 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 settlements in the area. After a few years, the old exchange closed when the diamond rush ended and there were no more business opportunities.[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 April 2018, there are 44 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.[4]

CompanySector
Anglo-AmericanIndustrial Metals
Paladin EnergyMining
AfroxChemistry
BarloworldGeneral Industry
Bidvest NamibiaSupport Services
Namibia Breweries LtdBeverages
Clover Industries LtdFood Processors
Oceana GroupFood Production
Mediclinic International PlcHealth Care Providers
Nictus HoldingsTrade
Truworths InternationalTrade
Shoprite HoldingsFood Trade
Capricorn Investment Group LtdBanking
FirstRand LtdBank
FirstRand Namibia LtdBanking
Nedbank GroupBanking
Standard Bank Namibia GroupBanking
SantamInsurance
MMI HoldingsLife Insurance
Old Mutual LtdLife Insurance
SanlamLife Insurance
Oryx PropertiesReal Estate
Vukile Property FundReal Estate
Astoria Investments LtdFinance
Bravura Holdings LtdFinance
InvestecFinance
Namibia Asset ManagementFinance
PSG Konsult LtdFinance
Stimulus InvestmentsFinance
Tadvest LimitedFinance
Trevo Capital LimitedFinance
TrustCo Group HoldingsFinance
Letshego Holdings NamibiaFinance
B2GoldMining
Bannerman ResourcesMining
Deep YellowMining
Celsius Resources LimitedMining
Forsys MetalsMining
Marenica EnergyMining
Nimbus Infrastructure LtdTechnology Hardware & Equipment

References

  1. ↑ "FAQ - Namibian Stock Exchange". nsx.com.na.
  2. 1 2 "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.
Wikimedia Commons has media related to Namibian Stock Exchange.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.