Capricorn Group Limited announced the retirement of Mr. Jacobus Christiaan (Koos) Brandt as non-executive director from the board of directors effective 2 February 2024. Mr. Koos Brandt, one of the founders of Capricorn Group, served on the board since the company's establishment in 1996 and was its chairperson until 2017. He continues to serve as a non-executive director on the board of Bank Windhoek Limited, a wholly owned subsidiary of Capricorn Group.

Capricorn Group announced the appointment of Mr. Jacobus Wynand (Cobus) Brandt as non-executive director, effective 2 February 2024, in line with the board succession plan. Mr. Cobus Brandt has been the alternate non-executive director of Mr. Koos Brandt since 2016 and a non-executive director of Capricorn Investment Holdings Ltd. (CIH) since 2018. He holds a Bachelor of Commerce with specialisation in Management Accounting from the University of South Africa and has substantial experience in the financial and agricultural sectors.