Page 117 - Capricorn IAR 2020

2020 INTEGRATED ANNUAL REPORT
DIRECTORS’ REPORT
for the year ended 30 June 2020
The directors herewith submit their report with the annual financial statements of Capricorn Group Ltd (“the company”) for the year ended 30 June 2020.
1. GENERAL REVIEW
Capricorn Group is a Namibian registered holding company and has been listed on the Namibian Stock Exchange (“NSX”) since
20 June 2013. Its investments comprised 100% shareholdings in Bank Windhoek Ltd, Capricorn Asset Management (Pty) Ltd, Capricorn Unit Trust Management Company Ltd, Mukumbi Investments Ltd, Capricorn Capital (Pty) Ltd, Capricorn Investment
Group (Pty) Ltd, Capricorn Mobile (Pty) Ltd, Capricorn Hofmeyer Property (Pty) Ltd, Namib Bou (Pty) Ltd, an effective 97.9% shareholding in Cavmont Capital Holdings Zambia Plc, a 55.5% shareholding in Entrepo Holdings (Pty) Ltd and an 84.8% shareholding in Capricorn Investment Holdings (Botswana) Ltd, throughout the year under review. The company has 29.5% shareholding in Sanlam Namibia Holdings (Pty) Ltd, 28% in Santam Namibia Ltd, 17.7% in Paratus Namibia Holdings Ltd and 30% in Paratus Group Holdings Ltd. During the year the company registered the Capricorn Foundation (Non-profit association incorporated under section 21).
2. BUSINESS ACTIVITIES
The following business activities are conducted through the company’s subsidiaries and associates:
Subsidiaries:
• Bank Windhoek Ltd (BW) − Banking
• Namib Bou (Pty) Ltd
− Property development and property valuation
• Capricorn Unit Trust Management Company Ltd (“CUTM”) − Unit trust management
• Capricorn Asset Management (Pty) Ltd (“CAM”) − Asset management
• Capricorn Group Employee Share Ownership Trust
− Special purpose entity for share incentive scheme
• Capricorn Group Employee Share Benefit Trust
− Special purpose entity for share incentive scheme
• Capricorn Investment Holdings (Botswana) Ltd (“CIHB”) − Investment holding company
• Cavmont Capital Holdings Zambia Plc (“CCHZ”) (classified as a discontinued operation) − Investment holding company
• Capricorn Capital (Pty) Ltd (“CAP”) − Financial consultancy
• Mukumbi Investments Ltd (“Mukambi”) − Investment holding company
• Entrepo Holdings (Pty) Ltd (“Entrepo”) − Investment holding company
• Capricorn Investment Group (Pty) Ltd − Group support services
• Capricorn Mobile (Pty) Ltd
− Mobile telecommunication services
• Capricorn Foundation (Non–profit association incorporated under section 21) − Corporate social responsibility (“CSR”) vehicle
• Capricorn Hofmeyer Property (Pty) Ltd − Property investment
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