Capricorn Group Limited released its 2024 Social Value Report, which highlights the institution’s ongoing commitment to empowering and supporting communities across Namibia and Botswana. 

This report precedes the release of the group’s integrated annual report and annual financial results for this year, which will be released on 12 September 2024. 

This year’s report showcased the group’s unwavering dedication to transparency and accountability in its corporate social responsibility (CSR) efforts. 

For the period ended 30 June 2024, Capricorn Group, including the Capricorn Foundation and its subsidiaries Bank Windhoek, Capricorn Asset Management, Entrepo and Bank Gaborone, invested N$25.8 million in social responsibility programmes and projects in Namibia and Botswana. Last year, the group invested N$21.7 million.

As a leading financial services’ group operating in Namibia and Botswana, Capricorn Group prides itself on creating value for its communities, and bringing about positive change.  The Group’s Social Value Report reflects its CSR approach, philosophy, activities and impact during the past financial year, specifically emphasising the 48 projects and programmes supported by the Capricorn Foundation. The Capricorn Foundation invested N$11.1 million in projects across its five focus areas: N$5.1 million for education and training, N$2.1 million for economic advancement, N$2.6 million for vulnerability initiatives, N$300 000 for health, and N$1 million for sustainability programmes.  

“Our group’s CSR vision is to be an inspiring connector of positive change in our communities by creating value in a responsible way that will unlock sustainable opportunities for advancing and improving economic and social conditions,” said Gerhard Fourie, Capricorn Group chairperson. 

“This year, we increased our CSR contributions, built relationships with long-standing and new partners, and rethought how we would measure our impact in the future,” said Marlize Horn, group executive: brand and corporate affairs and executive officer of the Capricorn Foundation. The foundation, now in its fourth year of establishment, has a social footprint that spans across Namibia.