The Namibia Securities Exchange (NSX; ; ) is the only exchange in Namibia. Based in Windhoek, it is one of the largest 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.
The exchange operates under a license from the Namibian non-banking financial regulator NAMFISA. The exchange is regulated by the Stock Exchanges Control Act (1985 and 1992).
History The first 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.
Relaunch
The idea of a second Exchange for Namibia 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, 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, 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 annually a year the NSX sets examinations for new stockbrokers.
Listed companies , there are 59 companies listed on the exchange. These include 47 companies with more than one listing, of which 39 companies are listed on the JSE in South Africa. The Namibia Securiites Exchange has twelve local listings. Company Sector Anglo-American Industrial Metals Paladin Energy Mining Namibia Breweries Ltd Beverages Oceana Group Ltd Food Production Nictus Holdings Trade Truworths International Trade Shoprite Holdings Food Trade Capricorn Investment Group Ltd Banking FirstRand Ltd Banking FirstRand Namibia Ltd Banking Nedbank Group Banking Standard Bank Namibia Group Banking SBN Holdings Ltd Banking Santam Ltd Insurance Momentum Group Limited Life Insurance Old Mutual Ltd Life Insurance Sanlam Ltd Life Insurance Oryx Properties Ltd Real Estate Vukile Property Fund Ltd Real Estate Investec Ltd Finance Namibia Asset Management Ltd Finance PSG Financial Services Ltd Finance Stimulus Investments Ltd Finance Tadvest Limited Finance TrustCo Group Holdings Ltd Finance Letshego Holdings (Namibia) Ltd Finance B2Gold Corporation Mining Andrada Mining Ltd Mining Bannerman Resources Ltd Mining Deep Yellow Ltd Mining Celsius Resources Limited Mining Forsys Metals Corp Mining Elevate Uranium Ltd Mining Koryx Copper Inc Mining Reconnaissance Energy Afr Ltd Mining Mobile Telecommunications Ltd Telecommunications Services Paratus Namibia Holdings Ltd Telecommunications Services Alpha Namibia Industries Renewable Power Ltd Alternative Electricity 1nvestPalladium ETF 1nvest Gold ETF 1nvest Platinum ETF Satrix S&P Namibia Bond ETF New Gold Issuer Ltd ETF New Gold Palladium ETF New Gold Platinum ETF Satrix MSCI EMG Markets ETF Satrix MSCI World Feeder ETF Satrix Nasdaq 100 Prtf ETF Satrix S&P 500 Feeder ETF FNB ETN on ALPHAC SEP25 ETN FNB ETN on AMAZONC SEP25 ETN FNB ETN on APPLEC SEP25 ETN FNB ETN on BERKSHC NOV25 ETN FNB ETN on FACEBC SEP25 ETN FNB ETN on MICROC SEP25 ETN FNB ETN on ISMSCIC SEP25 ETN FNB ETN on NETFLC SEP25 ETN FNB ETN on TESLAC SEP25 ETN FNB ETN on SRIWLDC AUG26 ETN
See also List of African stock exchanges
References
External links
Namibia Securities Exchange NSE Profile About Namibia