The Namibia Securities Exchange (NSX) has expanded its resources sector offerings following the secondary listing of platinum group metals (PGMs) and chrome producer Tharisa plc, providing local investors with an alternative to the exchange’s predominantly financial-sector stocks.
Tharisa began trading on the NSX on Monday, 9 November 2026, under the share code THR, becoming an additional mining investment option for Namibian pension funds, asset managers and other institutional investors.
The company said the NSX’s FTSE Capped Overall Index was heavily weighted towards financial stocks, with Anglo American its only resources constituent before Tharisa’s listing.
Tharisa’s entry is expected to broaden the range of mining equities available on the exchange, giving Namibian investors direct exposure to platinum group metals and chrome production.
The company said its shares would qualify as Namibian assets, subject to applicable regulatory limits, enabling institutional investors to include the stock in their domestic investment portfolios.
The listing also provides Tharisa with access to Namibia’s institutional investment market as it seeks to diversify its shareholder base and improve trading liquidity.
Tharisa Chief Executive Officer Phoevos Pouroulis said the listing was a cost-effective way of expanding the company’s investor base while providing Namibian institutions with additional resources-sector exposure.
“The listing on the Namibia Securities Exchange is a measured and cost-effective step in our ongoing programme to broaden and diversify Tharisa’s investor base,” Pouroulis said.
He said the company’s mining portfolio and growth strategy were aligned with the long-term investment horizons of Namibian pension funds, particularly as Tharisa advances its Karo Platinum Project.
“It affords Namibian institutional investors direct access to a PGM and chrome producer, an exposure not otherwise available to them on the NSX, and reflects the long-term nature of Namibian pension capital, which is well aligned with our growth strategy as we advance Karo Platinum,” he said.
Tharisa maintains its primary listing on the Johannesburg Stock Exchange (JSE) and a secondary listing on the London Stock Exchange (LSE).
The company said shares traded on the NSX would remain interchangeable with those listed on the JSE, LSE and A2X, allowing investors to trade the same securities across the different exchanges.
The JSE will remain the primary market for price discovery, while the NSX provides an additional trading platform for Namibian investors.
Tharisa said the secondary listing followed a proposal by IJG Securities, which will serve as its sponsor on the NSX.
The listing adds to the range of investment opportunities available through Namibia’s capital market, particularly for institutional investors seeking to diversify their portfolios beyond financial services into the mining sector.
