Tharisa to Add Secondary Listing on Namibia Securities Exchange

what happened

Tharisa plc, a South African-listed producer of platinum group metals and chrome concentrates, will add a secondary listing on the Main Board of the Namibia Securities Exchange (NSX), the company said in an announcement carried by Reuters. Trading under the ticker THR is set to begin on November 9, 2026.

The Johannesburg Stock Exchange remains the primary venue for its ordinary shares. The company says the move gives Namibian institutional investors direct access to its PGM and chrome exposure, which they cannot otherwise buy on the NSX. The shares traded in Namibia will be the same fungible shares as those on the JSE, and the Namibian dollar is pegged at par to the rand.

why it matters

For markets, this is a small step in the company's effort to widen its investor base and improve share liquidity. The impact on the share price is likely limited, since price discovery stays on the JSE and the company expects NSX prices to track it closely. The Karo Platinum Project in Zimbabwe, where first ore is expected in the fourth quarter of 2027, remains the bigger driver of its growth.

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