Namibian Billionaire Koos Brandt: How He made $4 Million from Capricorn Share

The yr started on notice for Namibian multimillionaire businessman Koos Brandt as he recorded a $3.9 million enhance in his stake in Namibia-based funding agency Capricorn Group Limited. It was reported to have elevated because the group’s share continued to rise on the Namibian Inventory Change because the begin of the yr.

Brandt who’s the biggest particular person shareholder stepped down because the chairman of firm and the group’s primary model Financial institution Windhoek in June 2017, with an 18.52 p.c curiosity.

The Capricorn group is a number one monetary cooperation that gives micro-lending, banking, property growth, asset administration, and unit trusts are primarily based in Namibia, Botswana and Zambia.

Financial institution Windhoek,  the group’s primary model is Namibia’s largest regionally owned financial institution and the nation’s second-largest industrial financial institution.

Because the starting of the yr, the Namibian Inventory Change had recorded Capricorn shares to have elevated from a value of NAD 13.3 ($0.712) which was the value as at first of the yr to NAD 13.79 ($0.753) as on the time of penning this report reflecting about 23 p.c beneficial properties. 

This enhance is because of the steady shopping for exercise within the firm’s shares by traders. The vast majority of Koos Brandt latest wealth is gotten from his stake on this monetary service supplier.

Brandt’s stake market worth elevated by NAD 72.6 million ($3.96 million) because the begin of the yr. It elevated from NAD 1.24 billion ($67.99 million) on 1st of January to NAD 1.32 billion ($71.95 million) on twenty first of February because of the latest enhance within the firm’s share value.

This latest enhance added a couple of 16.6 p.c enhance in its revenue from NAD 983 million ($.55.6 million) in 2021 to NAD 1.14 billion ($64.5 million), propelled by the blooming progress throughout all its operations.

Koos Brandt’s $3.9 million enhance in his stake elevated the market worth of his funding holdings as much as $72 million which additional strengthened his place as one in every of Namibia’s richest traders and businessmen.

From the interval he was below assessment,  the group’s complete assets elevated from NAD 56 billion ($3.16 billion) to NAD 60.44 billion ($3.42 billion), with its liabilities from NAD 48.91 billion ($2.77 billion) to NAD 52.65 billion ($2.98 billion).