Company news in brief

Capricorn expects bumper half-year

Capricorn Group’s profit after tax for the six months ended 31 December 2023 is expected to be between 15% and 20% higher compared to the prior half-year.

In a trading statement on the Namibian Stock Exchange (NSX) yesterday, the locally-listed group said during the six-months ended 31 December 2023, Capricorn benefitted from loan book growth and increased transaction volumes.

“These factors positively influenced operating income, notwithstanding escalated impairment charges,” Capricorn said.

Headline earnings (HEPS) and earnings per share (EPS) for the six months ended 31 December 2023 are expected to be higher than what was reported in the prior period by between 17% and 22%.

Capricorn is listed on the Local Index of the Namibian Stock Exchange (NSX). It closed yesterday at N$17.00 per share.



SBN Holdings appoints new chair, CFO

Isac Tjombonde has been appointed as the chairperson of locally-listed SBN Holdings, effective 1 April this year, the group said.

Herbert Maier will stay on the board as an independent non-executive director and will retire from the board of directors of SBN Holdings and Standard Bank Namibia with effect 23 April this year.

Arlington Tendai Matenda has been appointed as chief financial officer (executive director) of SBN Holdings Limited and Standard Bank Namibia Limited, effective from 5 February 2024. Matenda previously was the chief risk officer in the company.

Siphiwe Themba Bruce Madonsela has been appointed as non-executive director of SBN Holdings Limited and Standard Bank Namibia.