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NSX · Namibia

Best Stockbrokers in Namibia

The NSX has a unique structure: most listings are dual-listed companies from the JSE (South Africa), which means investors get JSE-grade liquidity through a Namibian regulatory wrapper. Truly local Namibian-only listings are fewer but include strong domestic banking and asset-management names.

Regulator: Namibia Financial Institutions Supervisory Authority (NAMFISA)
Depository: Namibian Stock Exchange CSD

4 regulated brokers covering NSX

Every broker listed below is licensed by Namibia Financial Institutions Supervisory Authority (NAMFISA). We do not rank them — order is informational only. Always verify current licensing on the regulator's website before opening an account.

IJG Securities

Traditional Broker

Independent Namibian investment manager and stockbroker. Full NSX execution and strong research coverage of Namibian and SADC equities.

Best for:
Retail, HNW, and institutional investors
Mobile app:
No
Access:
Foreign investors welcome
Visit IJG Securities →

Simonis Storm Securities

Traditional Broker

Boutique Namibian stockbroker and asset manager. NSX execution, advisory, and economic research.

Best for:
Investors wanting independent research-led trading
Mobile app:
No
Access:
Foreign investors welcome
Visit Simonis Storm Securities →

PSG Konsult Namibia

Traditional Broker

Namibian arm of South African wealth manager PSG. NSX equities, retirement annuities, and discretionary portfolios.

Best for:
Wealth-management clients and dual-listed SA exposure
Mobile app:
No
Access:
Foreign investors welcome
Visit PSG Konsult Namibia →

Old Mutual Investment Group Namibia

Bank-Affiliated

Old Mutual's Namibian wealth and brokerage arm. NSX equities and unit trusts.

Best for:
Old Mutual clients and long-term portfolios
Mobile app:
No
Access:
Foreign investors welcome
Visit Old Mutual Investment Group Namibia →

How to open an account on the NSX

  1. 1

    Open a CSD account

    Through any NSX-licensed broker. Most large brokers also help open the required Namibian bank account.

  2. 2

    Tax registration

    Namibia Revenue Agency (NamRA) issues taxpayer identification for residents and non-residents.

  3. 3

    Fund and trade

    NAD via Namibian bank account. Since NAD is pegged 1:1 to ZAR and accepted at par, ZAR funding from South Africa is also common. T+3 settlement.

KYC documents you'll need

  • Valid passport
  • NamRA tax number
  • Proof of address
  • Source-of-funds declaration

Fees and tax

Dividend withholding tax10% – 20% (treaty rates may reduce)
Capital gains tax on listed equityGenerally exempt for non-residents
Typical brokerage commission0.5% – 1.2%

Fees and tax rates are indicative and change. Verify current rates with your broker and the latest Finance Act before transacting.

Frequently asked questions

Why are so many NSX-listed companies actually South African?

Namibia's pension funds are required to hold a minimum percentage of assets locally. Dual-listing JSE companies on the NSX lets Namibian institutions buy major SA names while satisfying the local-asset rule. For foreign investors, it means JSE-quality liquidity in a Namibian wrapper.

What is the NAD/ZAR peg?

The Namibian Dollar is pegged 1:1 to the South African Rand, and ZAR is also legal tender in Namibia. This removes most FX risk for SA-based investors and provides indirect ZAR exposure for foreign capital.

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