Namibian Stock Exchange
The stock market Namibia (English: Namibian Stock Exchange; NSX ) is the stock exchange of Namibia, based in Windhoek. It applies by market capitalization - 1.4 trillion Namibian dollar in late 2012 - as the second largest in Africa.
The stock market operates under license from the Namibian Ministry of Finance and is managed by the exchange organization ( Exchange Association ), the Executive Committee and various subcommittees. The stock market is regulated by the " Stock Exchanges Control Act " ( 1985 and 1992). Adherence to these is controlled by the exchange Registrar a permanent representative of the Treasury; supported by the Financial Services Authority Department of Financial Institutions Supervision.
History
The stock market Namibia emerged from an association of companies from Namibia, was established in 1992 as a public institution. Your predecessor has already been launched in 1900 in Lüderitz to life. Holders of the exchange license is the Namibian Stock Exchange Association as a non-profit organization. For the operation of the Stock Exchange and the Namibian Stock Exchange and the transactions Transfer Secretaries ( Pty) Ltd is. responsible.
Establishing made each of a series of start-up companies a starting capital of N $ 10 000 Namibian dollars, and the trading of stocks began on 30 September 1992 with dual listings of companies that were previously only traded on the Johannesburg Stock Exchange ( JSE ). The first purely Namibian Listing and capital took place in 1994. Since its launch, the stock market works as a computer Namibia Stock Exchange in November 1998 and was the first stock exchange within the Southern African Development Community ( SADC), which took over the electronic trading system " JET system " of the Johannesburg Stock Exchange ( JSE ).
The largest IPO as Bank Windhoek Quotation posted on June 20, 2013.
Listed companies
Currently (as of June 2013) are listed on the Namibia Stock Exchange 33 domestic and foreign companies. Of these, 26 companies with double quotation, of which 15 companies are solely listed on the JSE in South Africa. The Namibian Stock Exchange therefore has only seven initial listings.