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Christopher Seabrooke, South African multimillionaire businessman and the CEO of Sabvest Capital, has recently suffered losses amounting to $3 million from his stake in the Sandton-based investment holding company.
According to data tracked by Billionaires.Africa, Seabrooke, who ranks as one of South Africa’s leading businessmen, has seen the market value of his stake in Sabvest Capital slump by R56 million ($3.02 million) in the past 53 days, driven by the recent downturn in the company’s shares on the Johannesburg Stock Exchange.
Sabvest Capital, headquartered in Sandton, is an investment holding company operating in various investment activities, including finance advances and holding listed debt, equity, and cash portfolios. It holds substantial interests in nine unlisted companies and long-term direct and indirect holdings in six listed firms, equity funds, and offshore bond portfolios.
Seabrooke, a prominent business executive who has played a vital role in Sabvest Capital’s growth, holds a significant 40.61-percent stake in the South African investment holding company.
Since July 7, the company’s share price has decreased by 4.74 percent, falling from R74 ($3.993) to R70.50 ($3.80) at the time of writing. This comes as investors on the Johannesburg Stock Exchange trimmed their holdings in the Sandton-based holding company, further pushing its market capitalization below $150 million.
Over the past 53 days, Seabrooke’s stake in Sabvest Capital has experienced a downturn of R56 million ($3.02 million), declining from R1.18 billion ($63.9 million) on July 7 to R1.13 billion ($60.9 million) at the time of drafting this report.
The recent pullback in Sabvest Capital’s shares raises concerns for shareholders, particularly the CEO himself, who has been an integral part of the company’s success.
As the market keeps a close watch on Sabvest Capital’s performance, investors and experts alike anticipate developments that could potentially steer the company’s share price back up.
