Home » The six richest people on the Namibia Stock Exchange

The six richest people on the Namibia Stock Exchange

by Omokolade Ajayi

The Namibia Stock Exchange (NSX) is one of the four largest stock exchanges in Africa, with the market capitalization of all 39 listed companies valued at NAD1.70 trillion ($113.90 billion) as of Aug. 20.

Despite their trillion Namibian-dollar valuations, the six richest investors on the Namibian Stock Exchange hold less than 0.18 percent of the Namibian bourse’s equity capitalization.

The market value of their equity stakes is valued at $188.2 million.

Aside from the dominance of the institutional investors on the Namibia Stock Exchange, which left fractions for individual investors, the bulk of the Namibian bourse’s market capitalization can be attributed to a large number of dual or secondary listings of companies that are mainly owned and controlled by foreign entities.

Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the six richest people who own stocks listed on the Namibian bourse.

The value of their shares is based on prices at the end of trading on Aug. 20, and valuations are converted to U.S. dollars at current exchange rates.

#1 Quinton Van Rooyen

Net worth on the NSX: $100,735,830

Holdings: 69.09-percent stake in Trustco Group Holdings

Quinton-van-Rooyen is the founder of Trustco Group Holdings, one of the largest diversified financial services groups in Southern Africa with interests in banking and finance, insurance, and asset management. Van Rooyen owns a 69.09-percent stake in the company.

#2 Koos Brandt

 Net worth on the NSX: $81.2 million

 Holdings: Capricorn Group

Koos Brandt is the founder and former chairman of Capricorn Group, one of the largest companies on the Namibia Stock Exchange. Capricorn Group is an investment holding company focused on banking, insurance and finance. He owns an 18.36-percent stake.

#3 Marthinus Prinsloo

Net worth on the NSX: $2,531,730

Holdings: 0.57-percent stake in Capricorn Group

Marthinus Prinsloo, 48, is the group managing director of Capricorn Group. He owns 0.57 percent of the company.

#4 Gida Nakazibwe-Sekandi

Net worth on the NSX: $1,249,164

Holdings: Gida Nakazibwe-Sekandi owns a 0.28-percent stake in Capricorn Group

#5 Philippus de W. Tromp

Net worth on the NSX: $1,242,408

Holdings: Nictus Holdings

Philippus de W. Tromp is the CEO of Nictus Holdings, a company that retails motor vehicles, tires, and furniture in Namibia. He owns 19.63 percent of the company.

#6 Gerard de V. Tromp

Net worth on the NSX: $1,242,408

Holdings: Gerard de V. Tromp holds a 19.63-percent stake in Nictus Holdings.

Mfonobong Nsehe contributed to this report. Comments can be sent to: [email protected].

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