Namibian businessman Koos Brandt has seen the market value of his stake in Capricorn Group Limited increase by more than $3 million, pushing his shares in the leading conglomerate above the $25-million mark.
Data gathered by Billionaires.Africa revealed that Brandt’s stake in Capricorn Group has increased by NAD 64.58 million ($3.43 million) since Jan. 1 as investors on the local bourse continue to increase their stakes in the Namibia-based investment holding group.
Capricorn Group is a financial services conglomerate with operations in Namibia, Botswana, and Zambia, including banking, microlending, property development, unit trusts, and asset management.
The group’s flagship brand, Bank Windhoek, is Namibia’s largest locally-owned bank and the country’s second-largest commercial bank.
Brandt, a leading Namibian mogul, who stepped down as the chairman of Capricorn Group and Bank Windhoek in 2017, is also the largest individual shareholder in the group with an 18.52-percent stake, or 512,649,800 in the Namibia-based investment holding group.
Since the start of the year, Capricorn shares on the Stock Exchange of Namibia have surged by 15.27 percent, surging from NAD13.03 ($0.6925) on Jan. 1 to NAD15.02 ($0.7982) at the time of writing, thus leading to significant gains for the group’s shareholders, including the Namibian businessman.
As a result of the surge in its share price, the market value of Brandt’s stake has increased by NAD64.58 million ($3.43 million) since the start of the year, from NAD422.83 million ($22.43 million) on Jan. 1 to NAD487.41 million ($25.86 million).
As a result of the year-to-date bump in the company’s shares, the Namibian-based businessman remains one of the richest investors on the Namibia Stock Exchange, with his stake in the group now heading towards the $30 million mark.