David Nuyoma commenced his new role as Group Chief Executive Officer of Capricorn Group on Friday.
As announced in November of last year, Nuyoma takes over from Thinus Prinsloo, who has led the listed financial services group for over seven years.
Nuyoma previously served as the CEO of the Government Institutions Pension Fund (GIPF) and the Development Bank of Namibia, respectively.
The group, in its latest results for the six months ended 31 December 2023 published on Wednesday, recorded an increase in profit after tax of 18.5% to N$827.6 million, compared to N$698.2 million reported in the prior year.
During the six months, the Group created a value of N$2.42 billion, with employees accounting for N$563 million, government through taxes N$574 million, ordinary shareholders N$314 million, N$515 million towards suppliers, and N$19.8 million ploughed into the communities, including N$438 million on value retained for future expansion.
Capricorn Group, a Namibian listed company, acts as an investment holding company and provides consulting and support services to other group companies. Its primary investments consist of 100% shareholdings in Bank Windhoek Ltd (BW), Namib Bou (Pty) Ltd, Capricorn Capital (Pty) Ltd, Capricorn Investment Group (Pty) Ltd, and Capricorn Hofmeyer Property (Pty) Ltd. The company holds an 84.8% share in Capricorn Investment Holdings (Botswana) Ltd, which in turn holds 100% of the share capital in Bank Gaborone Ltd (BG) and Peo Finance (Pty) Ltd. It also holds a 95.7% stake in Capricorn Asset Management (Pty) Ltd and Capricorn Unit Trust Management Company Ltd, a 55.5% share in Entrepo Holdings (Pty) Ltd (Entrepo), which owns 100% of Entrepo Life Ltd and Entrepo Finance (Pty) Ltd, a 29.5% stake in Sanlam Namibia Holdings (Pty) Ltd, a 28% stake in Santam Namibia Ltd, and a 30% stake in Paratus Group Holdings Ltd.
