Page 19 - Capricorn IAR 2020

2020 INTEGRATED ANNUAL REPORT
We are stronger as one Group servicing the unique needs of our clients with client centricity built into each aspect of what we do.
Tertius Liebenberg, Managing director
The Group’s asset management activities are conducted under two legal entities: CAM and CUTM. All administration and asset management activities of CUTM funds are performed by CAM.
CAM is a leading, fully Namibian-owned asset management firm aiming to meet the investment needs of individual investors, financial advisers, businesses and institutional investors, including pension funds and insurance companies. CAM’s unique service offering includes investment advisory, financial planning, estate planning and fiduciary services. It manages investments covering all major asset classes in markets around the world.
Capricorn Private Wealth, a combined offering of CAM and Bank Windhoek, focuses on servicing the needs of the affluent market segment of the Capricorn Group in one integrated offering.
As a leading unlisted investment manager, CAM has a specific focus on debt financing. The Caliber Capital Trust is an approved unlisted special purpose vehicle in terms of Part 8 of the Pension Funds Act, 24 of 1956. It provides Namibian pension funds and other institutional investors with an alternative to unlisted equity investments to diversify risk. The Caliber Capital Fund invests in Namibian companies that aspire to the aims of the Harambee Prosperity Plan and Vision 2030, which include job creation, import replacement, and industry and infrastructure development.
The Capricorn Unit Trust Fund range was established in 2000 with the launch of the Capricorn Selekt Fund. CUTM has been the market leader since 2004 in terms of assets under management in the unit trust sphere. With total assets under management of over N$30 billion, CUTM’s latest market share is approximately 31% with 13 unit trusts covering all major asset classes, including cash, bonds, property, equity and international equities.
Our team at Entrepo is fully focused on our simple but effective business model and together we are stronger as one.
Leonard Louw, chief executive officer
Entrepo is a focused and innovative financial services group, providing lending and credit protection products to government employees in Namibia. Its business activities are conducted through two separate legal entities regulated by the Namibia Financial Institutions Supervisory Authority (“NAMFISA”): Entrepo Finance (Pty) Ltd, a registered lender, and Entrepo Life Ltd, a registered long-term insurer.
Entrepo’s tailor-made products are simple and clear, competitively priced and provide comprehensive and suitable benefits to the chosen target market. Entrepo Finance is a responsible lender and accepts loan applications that are considered against clear and unassailable rules regarding affordability and minimum take-home pay. As security against the loan, a client may choose to take out Entrepo Life’s credit protection product, which offers death, disability, funeral and job-loss protection benefits.
17
19%
contribution to net profit after tax (2019: 15%)
Windhoek, Namibia
Head office 2014
Date of establishment
36
permanent employees (2019: 33)
5%
contribution to net profit after tax (2019: 4%)
Windhoek, Namibia
Head office
2006
Date of establishment
45
permanent employees (2019: 43)
N$31.3 billion
assets under management (2019: N$27.4 billion)