Page 4 - Capricorn IAR 2020

From the beginning the stars
have filled Africans with wonder.
This integrated annual report (“the report”) is a reflection on the value created by Capricorn Group Ltd (“the Group” or “Capricorn Group”) during the financial year from 1 July 2019 to 30 June 2020 (“the year”). The report is aimed primarily at providers of financial capital.
It also provides a holistic and stakeholder-oriented view of the environmental, social and governance (“ESG”) aspects of the Group’s activities and performance.
The financial and non-financial information contained in this report relates to the entities that constitute the Group, as set out on page 14 .
The global COVID-19 pandemic should be considered when comparing information in this report to the previous year. The pandemic continues to have a far-reaching impact on the Group’s business activities, stakeholders and performance prospects. The United National Development Programme describes it as the defining global health and socioeconomic crisis of our time and the greatest challenge the world has faced since World War II.
The principle of materiality guided the selection of content for this report. Read more about the process we followed on page 42. Additional information is available online at www.capricorn.com.na/Pages/Reporting-Centre.aspx. For more information or feedback on this report or any other elements listed above, contact Marlize Horn on investorrelations@capricorn.com.na or +264 (61) 299 1226.
Our financial reporting adheres to:
• King IV Report on Corporate GovernanceTM for South Africa, 2016 (“King IVTM”)1
• Companies Act of Namibia, 28 of 2004 (“Companies Act of Namibia”)
• Namibian Stock Exchange (“NSX”) Listing Requirements
• International Financial Reporting Standards (“IFRS”)
• Namibia Banking Institutions Act, 2 of 1998
• Botswana Banking Act, 13 of 1995
• Zambia Banking and Financial Services Act, 7 of 2017
Capricorn Group chose the International Integrated Reporting Council (“IIRC”) Integrated Reporting <IR> Framework to guide its reporting.
This report contains certain forward-looking statements regarding the results and operations of the Group, which by their nature involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements have not been reviewed or reported on by the Group’s external auditors.
This report was compiled with input from the executive leadership team, reviewed by the board and its committees and finally approved by the board on 15 September 2020. The board acknowledges its responsibility to ensure the integrity of the report and applied their collective minds during the preparation and final approval of the report.
1 Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all of its rights are reserved.
2