Capricorn Group – Windhoek Observer

15 Aug

Capricorn Group, Sanlam teams up to support financial reporting skills

ObserverNational NewsCapricorn Group, CAPRICORN Group and Sanlam Namibia, Sanlam teams up to support financial reporting skills

Staff Writer CAPRICORN Group and Sanlam Namibia hosted a Financial Journalism Workshop themed ‘Mastering key concepts in financial journalism. The well-attended workshop was aimed at capacitating media practitioners in reporting on the financial services industry, including banks and the insurance industry. Media practitioners from the broadcast, print, and digital spheres and final-year media students from the University of Namibia (Unam) and the Namibia University of Science and Technology (Nust) attended the workshop to network and sharpen their financial reporting skills. Capricorn Group and Sanlam Namibia’s individual efforts in the past to upskill media practitioners have proven to be highly enlightening…

12 Mar

Bank Windhoek fires manager for racist remarks

ObserverObserver MoneyBank Windhoek, Capricorn Group, Riaan Van Rooyen

Kandjemuni Kamuiiri Bank Windhoek has dismissed its suspended Sales Manager, Riaan Van Rooyen, for sharing a racially offensive post on his social media last year, which equated black people to monkeys. Van Rooyen had been suspended by the bank, pending an investigation into his conduct. “We wish to confirm that the individual in question has been dismissed. Bank Windhoek and Capricorn Group would like to reiterate its policy of zero tolerance towards any form of behaviour that does not conform to internal policies, and does not speak to our values that underpin ethical business conduct from any employee at any…

26 Feb

Capricorn Group profits down N$118.8 million

ObserverUncategorisedCapricorn Group, Thinus Prinsloo

Staff Writer Capricorn Group released its interim financial results for the six months ended 31 December 2020 on Thursday, where it reported a N$118.8 million decrease in the group’s profit from continuing operations, relative to the pre-COVID-19 comparable period. “This year-on-year decrease is mainly due to interest margin compression and increased impairment provisions. Lower interest margins are a result of unprecedented interest rate decreases enacted by central banks to counter the slowdown in the economy. Increased impairment provisions resulted from the extremely challenging economic and market conditions in the wake of imposed lockdowns and other responses to the pandemic”, said…

07 Aug

Capricorn to exit Zambia

ObserverObserver MoneyAccess Bank Plc, Capricorn Group, Cavmont Capital Holdings Zambia PLC

Staff Writer Capricorn Group is set to directly disinvest from Zambia, after the banking group announced that it had concluded a purchase agreement with Access Bank Plc for its entire interest in Cavmont Capital Holdings Zambia PLC. Under the terms of the agreement which is still subject to regulatory approval, Access Bank Zambia will acquire the entire issued ordinary share capital, assets and liabilities of Cavmont Bank, and on completion, Cavmont Bank will become part of Access Bank Zambia and operate under the Access Bank brand. Capricorn on the other hand will hold preference shares in the enlarged Access Zambia…

17 Jul

Local companies lose N$6.5 billion on NSX

ObserverObserver MoneyCapricorn Group, FirstRand Namibia, Namibia, Namibian Breweries

Staff Writer Capricorn Group, FirstRand Namibia, Namibian Breweries lost a combined N$6.5 billion in value after the counters recorded massive loses on Thursday’s trade on the Namibian Stock Exchange (NSX). The biggest loser was FirstRand Namibia which shed a massive N$2.9 billion in value, closing Thursday trade with a market capitalization of N$5.3 billion, down 35.37 percent. Diversified financial services group, Capricorn Group, the owners of Bank Windhoek shed N$1.8 billion in value, closing Thursday trade with a market capitalization of N$5.3 billion, down 25 percent. Ohlthaver & List Group controlled Namibian Breweries’ market capitalization plummeted 25,35 percent, down N$1.8…