Namibian businessman Koos Brandt has witnessed a remarkable surge in the market value of his stake in the Windhoek-based investment holding company, Capricorn Group Limited — the surge follows a sustained uptick in the group’s shares on the Namibian Stock Exchange.
According to data tracked by Billionaires.Africa, Brandt, a prominent figure in Namibia’s business landscape, has seen the market value of his stake in Capricorn Group surge by NAD42.89 million ($2.33 million) since Sept. 20 as investors on the local bourse continue to increase their stakes in the Namibia-based investment holding group.
Capricorn 2.74-percent share-surge yields gains for shareholders
Capricorn Group, a financial services conglomerate spanning Namibia, Botswana, and Zambia, offers a diverse portfolio encompassing banking, micro-lending, property development, unit trusts, and asset management. Notably, the group’s flagship entity, Bank Windhoek, stands as Namibia’s largest locally-owned bank and the second-largest commercial bank in the country.
Since Sept. 20 Capricorn shares have increased by 2.74 percent, rising from NAD16.4 ($0.890) to NAD16.85 ($0.914) at the time of writing — thus leading to significant gains for the group’s shareholders.
Brandt stake in Capricorn soars above $85 million
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 95,322,252 in the Namibia-based investment holding group.
The recent increase in the group’s share price has caused the market value of his stake to surge by NAD42.90 million ($2.33million) from NAD1.56 billion ($84.82 million) on Sept. 20 to NAD1.61 billion ($87.15 million) at the time of drafting this report.
The surge in the market value of Brandt’s stake firmly solidifies his position as one of Namibia’s most affluent investors, positioning him ahead of Quinton Van Rooyen, the founder of Trustco Group Holdings, a prominent diversified financial services conglomerate in Southern Africa.