Johannesburg, 26 June 2013
Macquarie First South Capital and Macquarie First South Securities (Macquarie), part of the Sub-Saharan African operations of global financial services firm Macquarie Group (ASX: MQG), and IJG Securities (Pty) Limited (IJG), a leading financial services firm in Namibia, today announced that they have entered into two cooperation agreements.
The scope of the agreements cover the provision of general corporate finance activities including mergers and acquisitions, equity and debt capital markets, as well as trading, execution and settlement activities on the Namibian Stock Exchange (NSX) and the JSE Limited.
The mutually beneficial agreements will provide Macquarie’s clients access to corporate finance and stockbroking expertise in Namibia, and will give IJG clients cross border access to Macquarie’s comprehensive global platform. The corporate finance agreement between Macquarie First South Capital and IJG is on an exclusive basis.
Namibia is a vibrant emerging market economy with attractive development opportunities in sectors that form part of Macquarie’s core speciality. By formalising their relationship, Macquarie and IJG are well positioned to assist clients in capitalising on the expected growth in Namibia and other markets in Sub-Saharan Africa.
Duarte da Silva, Regional Head for Sub-Saharan Africa at Macquarie, said: “We are delighted to enter into these agreements with IJG Securities, one of the leading financial firms in Namibia, and we look forward to a productive relationship which benefits both organisations and our respective clients.
“These agreements are an important step in enhancing Macquarie’s offering in an exciting growth region, and underlines our commitment to providing our clients with superior products and services,” added da Silva.
Mark Späth, Managing Director of IJG said: “We are very privileged to have concluded these agreements with Macquarie and look forward to the shared road ahead.
“These agreements will add to the number of associates that IJG has institutional trading arrangements with, thereby further enhancing IJG’s service offering to institutional clients and broadening the avenue for the facilitation of international market access. Furthermore it will strengthen IJG’s existing corporate finance capability, especially in respect of the Namibian mining sector considering the expertise brought to the table by Macquarie,” added Späth.
With experience in 25 African countries and more than 180 staff on the ground, Macquarie is one of the largest global financial services firms in Sub-Saharan Africa. Specialising in natural resources and energy, infrastructure and utilities, real estate and the industrial sectors; Macquarie has a comprehensive platform covering capital markets, advisory, funds management, financing, asset leasing and trading activities.
IJG is one of Namibia’s leading financial services companies providing clients with a full range of investment-related services including stockbroking, money market, private equity, consulting and advisory services.
IJG is one of Namibia's leading financial services companies and was recently rated the no. 1 stockbroker in Namibia in the Old Mutual / NSX Executive Opinion survey. In addition to offering stockbroking services, IJG provides its Clients with a full range of investment-related services, including money market, private equity, consulting and advisory services. IJG is well-known and respected for its research and are the only Namibian stockbroker to be awarded 1st prize in the prestigious Financial Mail broker rating awards in South Africa.
IJG has assisted in listing 19 out of the last 21 companies and five of the last six Domestic Medium Term Note Programmes on the NSX and has helped raise over N$2.4 billion on the NSX through bond and equity issues for its Clients. As a result, IJG is the sponsor to approximately 50% of all the companies listed on the NSX.
With a 35% BEE shareholding, IJG meets the requirements of the Namibian Financial Services Charter which was signed off by the Industry in May 2009. In April 2013 IJG obtained an Equitable Economic Empowerment scorecard of 75.56% from the Namibia Preferential Procurement Corporation. IJG are also proud members of the “Team Namibia” initiative.