Josua Malherbe, one of South Africa’s most affluent executives, has experienced a substantial increase in his fortunes owing to his stake in Remgro Limited, a Stellenbosch-based investment holding company led by Africa’s richest man Johann Rupert.
According to data tracked by Billionaires.Africa, Malherbe’s stake in Remgro Limited has surged by nearly $2 million (R32 million) in the past 24 days, fueled by a surge in the group’s share price.
Remgro Limited, founded by the South African Rupert family in the 1940s, boasts diverse interests in various sectors such as banking, financial services, packaging, glass products, medical services, mining, petroleum, beverage, food, and personal care products.
Malherbe’s role as a non-executive co-deputy chairman of Remgro has positioned him as one of the company’s top individual shareholders, boasting a total equity stake of 1,178,995 ordinary shares.
During the past 24 days on the Johannesburg Stock Exchange (JSE), Remgro’s share price experienced an impressive ascent from $7.36 (R130.53) on June 30 to $8.88 (R157.51) at the time of writing, resulting in a significant 20.67 percent gain for shareholders.
As a result of the latest bump in the company’s shares, the market value of Josua Malherbe’s stake in Remgro has increased from $8.68 million (R153.89 million) on June 30 to $10.47 million (R185.70 million) on July 24.
The recent surge translated to an outstanding gain of $1.79 million (R31.81 million) for Malherbe over the past 24 days. This further solidifies his position as one of South Africa’s top executives, showcasing the benefits of his investments and strategic involvement in the flourishing company.
With his astute business acumen and strategic positions within Remgro and Compagnie Financiere Richemont, led by Rupert, Malherbe continues to make waves in the South African business landscape.
