Tshepo Mahloele, a prominent South African tycoon and the presiding chairman of Lebashe Investment Holding Group, has witnessed a remarkable surge in the market value of his holdings in Capitec Bank after enduring substantial losses in recent months.
According to data tracked by Billionaires.Africa the market value of Mahloele’s stake in Capitec Bank has increased by R751.33 million ($39.6 million) over the past 26 days, thanks to the recent surge in the bank’s shares on the Johannesburg Stock Exchange.
Capitec Bank, established in 1999 and co-founded by Michiel Le Roux alongside Jannie Mouton and Riaan Stassen, has solidified its standing over the past two decades, amassing a substantial customer base. With more than 850 branches and 7,400 ATMs across South Africa, the bank has earned a reputation as one of the world’s top retail banking brands.Â
Mahloele, the presiding chairman and founder of Lebashe Investment Holding Group, a 100-percent Black-owned investment holding firm, holds a 7.26-percent indirect stake, translating to 8,409,802 ordinary shares in Capitec Bank through Lebashe
In the past 26 days, Capitec Bank’s shares on the Johannesburg Stock Exchange have experienced an increase of 5.64 percent, surging from R1,584.70 ($83.475) on Aug. 31 to R1,674.04 ($88.046) at the time of writing this report. This surge in share value has significantly bolstered Tshepo Mahloele’s position as a significant shareholder in the bank.
Thanks to this recent upswing, Mahloele’s stake in Capitec Bank has appreciated by R751.33 million ($39.6 million) since Aug. 31, increasing his holdings from R13.33 billion ($702.52 million) to R14.08 million ($742.13 million) at the time of writing this report.
This substantial increase in Mahloele’s stake further solidifies his status among South Africa’s elite billionaire bankers and positions him as one of the most affluent investors on the Johannesburg Stock Exchange.
