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Namibian businessman Jacobus Brandt (Koos Brandt) has seen a substantial surge in the value of his holdings in Windhoek-based investment holding company Capricorn Group Limited, as shares in the group continue to trade higher on the Namibian Stock Exchange.
According to data tracked by Billionaires.Africa, the market value of Brandt’s stake in Capricorn Group has risen by NAD131.54 million ($6.94 million) over the past 41 days, 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 chairman of Capricorn Group and Bank Windhoek in 2017, is the largest individual shareholder in the group with an 18.52-percent stake, or 95,322,252 shares of the Namibia-based investment holding group.
Since Aug. 11, Capricorn shares on the Stock Exchange of Namibia have surged by 9.19 percent, surging from NAD15.02 ($0.7925) on Aug. 11 to NAD16.40 ($0.8653) 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 NAD131.54 million ($6.94 million), from NAD1.43 billion ($75.55 million) on Aug. 11 to NAD1.56 billion ($82.49 million).
This surge in the market value of his stake further solidifies Brandt’s standing as one of the most affluent investors on the Namibia Stock Exchange, propelling his shares in the leading conglomerate beyond the $80-million mark.
