Start saving when you are young

BRIAN van Rensburg of PSG Namibia has been named stockbroker of the year in the firm’s South African and Namibian operations.

Chamwe Kaira asked him about what it takes to be a good stockbroker.

Stockbrokers operate in a dynamic and ever changing environment. Every day is different from the previous day due to changes in world markets and economies.

You need to be informed to be able to advise your clients on their investments and markets. Stockbroking is a relationship game. Strong relationships with clients and stakeholders are extremely important because without clients, you will not have a business.

It is a combination of factors which make you successful: from the right advice to clients, being informed about the world around you – from stock markets to companies and even legislation, to people skills and relationships.

You first need to pass the Namibian Stock Exchange (NSX) qualifying exams. After passing the exams, you need to obtain NSX rights to enable you to practise as a stockbroker. Then you will have to complete a period of supervision under an active stockbroker, who will give the sign off to the NSX after the supervision period.

One of the best things about being a stockbroker is that the days are almost never the same. From executing transactions on the market; seeing clients and advising them on various matters (investments, possible listings and corporate transactions); managing investment portfolios on behalf of clients; reading research reports and opinions on a wide spectrum of subjects, to doing admin duties and managing your day to day business activities – the settlement of transactions, finance, reporting and compliance.

The demutualisation and listing of Old Mutual Plc on the NSX. The listing of Bidvest Namibia Limited and Bank Windhoek Holdings Limited on the NSX. PSG also acts as sponsor for various other companies and instruments on the NSX.

Namibians should start saving from a young age as this will introduce them to the different asset classes available to them. If someone is unsure about their investments, they should speak to an adviser who can assist and advise them on the appropriate strategy for their specific needs.

As it is a highly stressful environment, relaxing is very important. I enjoy exercising as often as possible – going to the gym, cycling and swimming; watching movies and playing video games when I get a chance.

After finishing Grade 12, I completed a B.Com Honours degree in money and banking at the University of the Free State. I then completed my NSX and JSE stockbroking exams, and was admitted as a stockbroker in 1998.