# Namibian Stock Exchange

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.
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.

## 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, 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 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.
| Company | Sector |
| Anglo-American | Industrial Metals |
| Paladin Energy | Mining |
| Afrox | Chemistry |
| Barloworld | General Industry |
| Bidvest Namibia | Support Services |
| Namibia Breweries Ltd | 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 Ltd | Bank |
| FirstRand Namibia Ltd | Banking |
| Nedbank Group | Banking |
| Standard Bank Namibia Group | Banking |
| Santam | Insurance |
| MMI Holdings | Life Insurance |
| Old Mutual Ltd | 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 |
| Celsius Resources Limited | Mining |
| Forsys Metals | Mining |
| Marenica Energy | Mining |
| Nimbus Infrastructure Ltd | Technology Hardware & Equipment |