THE Namibian Stock Exchange (NSX) plans to demutualise and intends to self-list.

Bannerman Resources says it has no plans to delist from the Namibia Stock Exchange despite announcing this week that it was delisting from the Toronto Stock Exchange in Canada.

The International Finance Corporation (IFC) this week launched the first tranche of the Namib Bond on the Namibian Stock Exchange. This week’s event is the third bond launched by the IFC on the African continent through its Medium Term Note programme, according to its Deputy Treasurer, Georgina Baker.

Plans by former Minister of Finance Mr. Helmut Angula and co- investors for a possible second bourse appear to have gone nowhere after the regulator in the non-banking sector, the Namibia Financial Institutions Supervisory Authority this week told the Economist its reasons behind the refusal by the regulator to grant it permission. NAMFISA spokesperson Mr. Isack Hamata briefly explained why the regulator did not approve NAMFIN-X's application. "We confirm that an application was lodged with NAMFISA to issue a license for a second stock exchange to NAMFIN-X.