Standard Bank Nam to list on NSX

OGONE TLHAGE - Standard Bank Namibia is set to list on the Namibia Stock Exchange (NSX) in due course, a bank official with information on the matter told this publication.This will make it the fourth local financial institution to list on the local bourse, following in the footsteps of FNB Namibia, Bank Windhoek and Letshego Holdings (Namibia). The first two groups are currently listed as FirstRand Namibia and Capricorn Investment Group.Shedding light on the planned listing, the official said members of the public would be invited to start buying shares through a programme expected to start next week Monday. “On Monday, we will be opening up for members of the public to buy shares in the bank. Once that process has been concluded, we will be in a position to determine a date for the planned listing on the NSX. We have also appointed a sponsoring broker to assist with the planned listing in the meantime,” the official said, seeking anonymity. When approached for official comment, bank spokesperson Isack Hamata would neither confirm nor deny the planned listing.“We are unable to provide those details at this stage. An official announcement in that regard will be made in due course,” he said.#OwnItThe bank is currently running an advertisement campaign in local media in which it is encouraging members to take up ownership in the bank. In the campaign, it is says that “Your exciting opportunity is coming soon, #OwnIt.”It will not be the bank’s first attempt to localise the bank. In 2016, the Standard Bank Group sold a 10% stake to Standard Bank employees in a vehicle called Purros Investments.The money to buy the shares was acquired through a International Finance Corporation bank. Its CEO, Junius Mungunda, had previously voiced intent to have the bank listed by the end of this year in 2016 interview with the Windhoek Observer.“We have an undertaking to list before December 2019. By December 2019, the bank will be listed to allow employees to trade their shares. We want to look at listing in conjunction with the employee ownership, to comply with the other 15% that we will need,” he said at the time.

Standard Bank Nam to list on NSX

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Republikein 2025-11-05

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Standard Bank Nam to list on NSX

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