A quick and easy guide to help you understand how to buy or sell Capricorn Group shares through the Namibia Securities Exchange (“NSX”).
1) How do I prove I am a Capricorn Group shareholder?
Your official proof of shareholding is the Share Certificate issued by NSX Financial Market Services (FMS), the transfer secretaries of Capricorn Group.
2) How do I buy or sell Capricorn Group shares?
Capricorn Group is listed on the Namibia Securities Exchange (NSX). Buying or selling shares can be done through any NSX-registered stockbroker, including:
- PSG Wealth Management
- Cirrus Securities
- Simonis Storm Securities
- IJG Securities
“Off-market transactions” are also possible when a buyer and seller agree to trade shares directly.
3) How do I open an account with a registered stockbroker?
You'll need the following documents:
- Certified copy of your ID
- Proof of residence (e.g., municipal bill)
- Bank statement (not older than 3 months)
4) What are my buying or selling options?
You can place two types of orders with your stockbroker:
- Market Order: When you want to buy or sell shares as quickly as possible.
- Limit Order: When you want to buy or sell shares at a specific price or better.
5) What costs are involved?
Transaction costs on the NSX consist of:
- Brokerage commission - up to 1% (sliding scale)
- NSX transaction levy - 10% of brokerage commission
- NAMFISA levy - 0.04% of the transaction value
Example: Buying or selling N$10,000 worth of shares costs approximately 1.14% (N$114).
Important: There is no tax on the proceeds of selling your shares unless you are a share trader.
6) When are payments processed?
Selling shares: Settlement takes 5 working days, after which the payment will reflect.
Buying shares: You must have sufficient funds in your broker account before placing a buy order.
7) Who can advise me?
Any NSX-registered stockbroker listed above can guide you on executing your trade. Please ensure you are well-informed before making investment decisions.
Share Price Information
The current market price is displayed below.
