Namibia: NSX Hesitant On Beef Futures

Namibia Stock Exchange (NSX), CEO, Tiaan Bazuin speaking to the Economist said this week that it will be a long while before beef producers will be able to trade on the recently launched Johannesburg Stock Exchange (JSX) Beef Futures Derivative Contract.

Bazuin said that the NSX has been in talks with the JSX prior to the announcement and will continue to do so until South Africa Stock Exchanges Control and listing requirements are met. Meat Board Trade and Strategic Manager, Goliath Tujendapi, expressed the same sentiment adding that local prices will have to change to South African carcass prices.

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