Also known as: CAM
Diversified Namibian financial services group operating Bank Windhoek and asset management businesses across Namibia and Botswana.
News reports
Order a long-term news report on Capricorn Asset Management
Every mention in the Namibian press over the period you choose, compiled as a PDF or Word document.
Key points drawn from coverage. Tap a point to see the original sentence.
The Namibian
Capricorn Asset Management held 7.8% of total Lisp assets
“Sanlam Namibia continued to hold the largest share of the total Lisp assets at 73.6%, followed by Momentum Wealth Namibia at 11.7 percent and Capricorn Asset Management at 7.8%”
Namibians hold N$11.7bn in investment platformsThe Namibian
Capricorn Asset Management held 15.9% of the broader N$353.8 billion investment management industry
“Its sister company, Capricorn Asset Management, held 15.9% of the broader N$353.8 billion investment management industry at the end of June.”
Capricorn dominates unit trust marketThe Namibian
Capricorn Asset Management saw assets under management increase to N$67 billion
“Asset management and administration fees rose strongly as Capricorn Asset Management's assets under management increased to N$67 billion.”
Botswana drags down Capricorn profitThe Namibian
Capricorn Asset Management increased profit after tax by 33.3%
“Capricorn Asset Management increased its profit after tax by 33.3%, while assets under management increased by 17.5% to N$67 billion.”
Capricorn share price rises 30% despite profit declineNew Era
Capricorn Asset Management has close to N$70 billion under management
“Nandi-Ndaitwah made the remarks yesterday during a courtesy meeting with Capricorn Group at State House, where the financial services group told her it has more than N$40 billion in loans and advances, close to N$70 billion under asset management and more than N$10 billion already exposed to SMEs this year.”
NNN warns against foreign debtThe Namibian
Capricorn Asset Management followed closely with 16.0% market share
“Capricorn Asset Management followed closely with a 16.0% market share, while Ninety-One Asset Management Namibia managed 12.1%.”
Pension savings lift Namibia’s investment assets to N$342bnThe Namibian
Capricorn Asset Management captured the second-largest market share at 16% in broader investment management
“In the broader investment management sector, which oversees a total of N$342.6 billion, Capricorn Asset Management captured the second-largest market share at 16%.”
Capricorn dominates Namibia’s investment marketNew Era
Capricorn Asset Management analyzes Namibia's fiscal trajectory and budget
“This is according to Floris Bergh, chief economist at Capricorn Asset Management (CAM), whose latest budget analysis forecasts that Namibia's creditworthiness is unlikely to improve and that funding pressure is expected to remain high as State-Owned Enterprises (SOEs) join the queue.”
CAM economist expects funding pressure to remain highThe Namibian
Capricorn Asset Management Chief economist Floris Bergh said limited revenue growth will leave government with minimal fiscal space
“Chief economist at Capricorn Asset Management Floris Bergh said limited revenue growth is likely to leave the government with minimal fiscal space at a time when expenditure demands remain elevated.”
Fiscal constraints set to shape Namibia’s 2026/27 national budgetNamibian financial services group Capricorn is taking an 81.6% stake in South African specialist asset financier Centrafin, valued at R788.3 million in enterprise value, as part of its strategy to diversify revenue beyond Namibia and Botswana and expand into the South African market.
8 October 2026 · The Namibian →
Namibian financial services group Capricorn is taking an 81.6% stake in South African specialist asset financier Centrafin, valued at R788.3 million in enterprise value, as part of its strategy to diversify revenue beyond Namibia and Botswana and expand into the South African market.
8 October 2026 · The Namibian →
Individual Namibians held N$11.7 billion, or 46.5% of the N$25.2 billion managed through Linked Investment Service Providers (Lisp) by the end of June 2026, according to Namfisa's latest quarterly report. Lisp assets grew 4.1% from the previous quarter and 20.7% year-on-year, driven by both new contributions and investment returns.
5 October 2026 · The Namibian →
Capricorn Unit Trust Management Company remains Namibia's largest collective investment scheme manager with 35.9% of the N$128.4 billion market as of June. The top three managers—Capricorn, Ashburton, and Old Mutual—together held 57.7% of the market, while assets under management grew 1.5% from the previous quarter and 14.4% year-on-year.
3 October 2026 · The Namibian →
Capricorn Group's profit declined 6.4% to N$1.87 billion for the year ended June, with weak performance in Botswana and higher credit impairments offsetting stronger results from Bank Windhoek. Bank Gaborone swung from a N$167 million profit to a N$113 million loss, accounting for most of the group's N$128 million earnings decline.
1 October 2026 · The Namibian →
Capricorn Group's share price rose nearly 30% to N$28.12 in the year to June 2026, lifting market capitalisation to N$15 billion, even as annual profit fell 6.4% to N$1.87 billion. The group's price-to-earnings ratio increased from 5.9 times to 8.2 times.
19 September 2026 · The Namibian →
Capricorn Group's Social Value Report 2026 documents how the group and its subsidiaries invested N$29.3 million during the financial year ending 30 June 2026 in corporate social investment and sponsorship initiatives focused on education, community wellbeing, economic participation, sport and sustainable development across Namibia and Botswana.
12 September 2026 · The Namibian →
The Capricorn Group and its subsidiaries invested N$29.3 million in corporate social investment and sponsorships across Namibia and Botswana during the 2026 financial year, with outcomes including 11,392 people receiving regular meals and 35,000 children benefiting from early childhood development materials.
10 September 2026 · Windhoek Observer →
President Netumbo Nandi-Ndaitwah has warned that Namibia must be cautious about taking on international debt and should instead prioritize mobilizing capital within the country to finance development. During a meeting with Capricorn Group, the financial services company outlined its loan and advances portfolio exceeding N$40 billion and its commitment to invest in sectors including oil and gas and SMEs.
4 September 2026 · New Era →
Capricorn Group, listed on the Namibia Securities Exchange, has grown as a diversified financial services group over more than four decades with operations across Namibia and Botswana, including Bank Windhoek, Bank Gaborone, Capricorn Asset Management, and Capricorn Private Wealth.
9 August 2026 · The Namibian →
The Medical Association of Namibia's 45th Annual Medical Congress, held in Windhoek from 10 to 11 July under the theme "Wellness in Medicine," brought together healthcare professionals to discuss physical, emotional, professional and financial well-being in the health sector, with particular emphasis on financial pressures including practice management, equipment costs and retirement planning.
20 July 2026 · Informanté →
Capricorn Group, which owns Bank Windhoek and Capricorn Asset Management, has been a top performer on the Namibia Securities Exchange with a 32.45% share price increase over the past 12 months. The NSX Overall Index rose 1.06% over the latest trading week, with mixed performance across listed companies.
14 July 2026 · The Namibian →
Assets managed by Namibia's investment firms reached N$342.6 billion in the first quarter of 2026, up 1.3% from the previous quarter and 18.2% year-on-year, with pension funds accounting for 42.5% of total assets under management at N$145.5 billion.
6 July 2026 · The Namibian →
Capricorn Unit Trust Management Company holds the largest share of Namibia's collective investment schemes market with 35.5% of total assets, as of Q1 2026. The country's unit trusts hold N$126.5 billion in total assets, with the top three managers controlling 57.9% of assets under management.
2 July 2026 · The Namibian →
CAM chief economist Floris Bergh warns that Namibia's fiscal trajectory has deteriorated and creditworthiness is unlikely to improve, with funding pressure expected to remain high as state-owned enterprises seek capital market borrowing. The 2026 deficit is forecast at 5.8% of GDP (N$16.6 billion), well above the healthy 3% threshold, with interest costs consuming 18% of government revenue.
19 March 2026 · New Era →
As Finance Minister Ericah Shafudah tables the national budget, analysts warn that rising debt-to-GDP ratios and constrained fiscal space pose sustainability challenges, while economists call for policy clarity, strategic investment in education and infrastructure, and balanced spending to address unemployment and weak growth.
26 February 2026 · New Era →
Economists warn that weaker-than-expected revenue collections will limit government spending and create difficult policy trade-offs, with limited fiscal space and elevated expenditure demands requiring disciplined management to keep the deficit within preferred levels. The upcoming budget is expected to clarify fiscal policy direction and investment frameworks while balancing revenue performance with expenditure commitments through improved resource prioritisation and efficiency.
22 February 2026 · The Namibian →
The Economic Association of Namibia convened a public discussion on the upcoming National Budget, with economists emphasizing the need for growth to become more inclusive and highlighting the oil and gas sector's role in addressing unemployment and inequality. Panellists discussed tax incentives for venture capital and public-private partnerships as mechanisms to unlock investment and support entrepreneurship.
20 February 2026 · New Era →
The Capricorn Foundation has committed N$1.6 million to three education initiatives: Amos Meerkat Syllabus (N$600,000), EduVision Online Learning (N$609,744), and Karstveld Academy (N$423,330). The projects support early childhood development, online lessons in secondary schools, and student bursaries, with a focus on closing education gaps between rural and urban areas.
4 February 2026 · New Era →