Capricorn expects profit to increase up to 17% Chamwe Kaira Capricorn Group has told shareholders it expects profit after tax, earnings per share and headline earnings per share for the year ended 30 June 2025 to rise by between 12% and 17% compared to the previous year. The audited results are scheduled for release on or about 18 September. In the 2024 financial year, Capricorn reported profit after tax of N$1.74 billion, up 17.7% from N$1.48 billion in 2023. Return on equity increased to 17.9% from 17.6%. The growth was attributed to strong results across its businesses, including Bank Windhoek, Bank Gaborone, Capricorn Asset Management, Entrepo Group, Peo Finance and its associates. The group said it continues to prioritise adequate liquidity over profit maximisation. In 2024, liquid assets rose by 19.1% to N$18.5 billion from N$15.5 billion the year before. At the financial year-end, liquid assets exceeded regulatory requirements in Namibia and Botswana by 127% and 143%, respectively. The group’s loan-to-funding ratio of 86.3% also stayed below the internal threshold of 90%. An N$1 billion contingency funding reserve was maintained for Bank Windhoek and Bank Gaborone. Last year, the group declared a final dividend of 64 cents per share. Together with an interim dividend of 48 cents, this brought the total dividend to 112 cents per share, up from 100 cents in 2023. This was a 12% increase.  Capricorn paid out N$560 million in dividends during the 2024 financial year and issued an additional dividend of N$332 million in October 2024. The growth in share price and dividends produced a 39% return for shareholders in 2024. Caption Capricorn Group expects to post strong results in the financial year ended 30 June. * Photo: Contributed 

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New appointment… Capricorn Group has appointed Mariantha Fryer as group brand manager in its brand and corporate affairs department, effective 1 September. Fryer has close to 25 years of experience in strategic marketing, brand building and communications. She has worked in industries ranging from automotive and financial services to education and advertising. Her appointment strengthens Capricorn Group’s focus on building its brand and engaging stakeholders. Photo: Bank Windhoek

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Schools netball league returns with Capricorn sponsorship Erasmus Shalihaxwe The Capricorn Group has reaffirmed its support for school-level netball in Namibia by announcing the return of the annual Capricorn Schools Netball League. The league will kick off on Friday, 16 May 2025, with matches starting in Windhoek. It will conclude with national play-offs by 22 August 2025. The Capricorn Group has sponsored the league since 2017, taking over from its subsidiary, Bank Windhoek. Marlize Horn, Capricorn Group Executive for Brand and Corporate Affairs, said the group is proud of its role in netball development. “The league provides a platform for netball players to compete for their schools in the national league and play competitive netball of a high standard, enhancing their skills,” she said. “Furthermore, sports, including netball, play an important role in building character and promoting youth teamwork, commitment, and hard work. At Capricorn Group, we remain committed to supporting sports development, especially women’s sports, to create sustainable opportunities in the regions and communities where we operate,” Horn added. This year, 85 teams from regions including Khomas, Karas, Hardap, Otjozondjupa, Kunene, Otjikoto, Omaheke, and Erongo will take part. Among them, 17 are public schools and 13 are private schools.  Teams will compete in age categories from Under 12 to Under 19. “We are thrilled to announce the start of the 2025 Capricorn Schools Netball League and anticipate an exhilarating season of competitive matches. We extend our gratitude to Capricorn Group for supporting us in making this league a success,” said Liezel Garbers, Chairperson of the Capricorn Schools Netball League.

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Capricorn Schools Netball League launched  Capricorn Group once again confirmed its commitment to schools’ netball in Namibia by announcing its continued sponsorship of the annual Capricorn Schools Netball League on Friday.   The League officially commenced on Friday with the start of the first league matches in Windhoek, and will conclude with the national play-offs by 22 August 2025. Capricorn Group has been sponsoring the Schools Netball League since 2017, when it took over the sponsorship from its subsidiary Bank Windhoek. “We are proud of our group’s legacy of positively contributing to netball development in Namibia over many years. The Capricorn Schools Netball League provides a platform for netball players to compete for their schools in the national league and play competitive netball of a high standard, enhancing their skills,” Marlize Horn of Capricorn Group said.  “Sport, including netball, plays an important role in building character and promoting youth teamwork, commitment, and hard work. At Capricorn Group, we remain committed to supporting sports development, especially women’s sports, to create sustainable opportunities in the regions and communities where we operate,” she added. This year, 85 teams from various regions in Namibia, including Khomas, Karas, Hardap, Otjizondjupa, Kunene, Otjikoto, Omaheke and Erongo, will participate in the Capricorn Schools Netball League. Participating teams represent 17 public and 13 private schools. The teams will compete for the coveted title in various age categories, ranging from under-12, 13, 14, 15 and 17 to under 19.  “We are thrilled to announce the start of the 2025 Capricorn Schools Netball League and anticipate an exhilarating season of competitive matches. We extend our gratitude to Capricorn Group for supporting us in making this league a success,” said Liezel Garbers, chairperson of Capricorn Schools Netball League. Keep an eye on the Capricorn Schools Netball League Facebook page for match fixtures and results. The Capricorn Schools Netball League is endorsed by the Namibian School Sport Union (NSSU).  The post Capricorn Schools Netball League launched  appeared first on The Namibian.

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‘Koos’ Brandt retires from Bank Windhoek CHAMWE KAIRA  The board of directors of Bank Windhoek has announced the retirement of Jacobus Christiaan “Koos” Brandt as a non-executive director of Bank Windhoek. The group said Brandt retired from the board on 30 April, concluding an illustrious career of over four decades with Bank Windhoek and Capricorn Group Limited. Brandt is one of the founders of Bank Windhoek, leading the group of visionary entrepreneurs who established Bank Windhoek in 1982. He has served Capricorn Group and Bank Windhoek with distinction in various leadership capacities. Notably, Brandt was the chairperson of Bank Windhoek from 1982 until 30 June 2017, and he also played a pivotal role in the formation of Capricorn Group in 1996, serving as its inaugural chairperson until 2017. Brandt has been integral to the growth and success of both Bank Windhoek and Capricorn Group. The board further announced the continuation of JW Brandt as alternate director of E Solomon, effective 1 May, following the retirement of Koos Brandt. JW Brandt has been Koos Brandt’s alternate director since 2016. The board of Bank Windhoek expressed its deepest appreciation to Koos Brandt for his unparalleled service, leadership and dedication. In acknowledging his retirement, the board noted that Brandt’s vision and foresight have shaped the identity and success of Bank Windhoek and Capricorn Group. In 2018, Brandt said it was almost unbelievable that Capricorn Group had grown sustainably and responsibly in a phenomenal way and continued to conquer and expand. On 20 June 2013, Capricorn listed on the Namibian Stock Exchange (NSX). On 12 May 2017, the largest institutional investor in Namibia, the Government Institutions Pension Fund (‘GIPF’), acquired a 26% interest in the issued ordinary shares of Capricorn Investment Group Limited. All the necessary regulatory approvals were received, and the transaction became effective. Furthermore, Capricorn Group announced the appointment of Johannes Jacobus Esterhuyse as a non-executive director of Bank Windhoek Limited effective 30 April. “Regulatory approval for the appointment of Mr Esterhuyse has been obtained. The appointment was made pursuant to the policy dealing with the nomination of directors of Bank Windhoek. The board welcomes Mr Esterhuyse and looks forward to benefiting from his insights and contributions in the future,” the group said.

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Namibia Airports Company strengthens risk resilience with support from Capricorn Group - MSN Namibia Airports Company strengthens risk resilience with support from Capricorn Group  MSN

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