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South African businessman Jannie Mouton, renowned for founding South African investment holding firm PSG Group, has witnessed an impressive surge in the past six days from his stake in Capitec Bank, a Stellenbosch-based financial services provider, which ranks as one of the continent’s leading lenders.
According to data tracked by Billionaires.Africa the market value of Mouton’s stake in Capitec Limited has witnessed a significant surge, climbing by R523.80 million ($27.14 million) in a span of six days owing to the recent uptick in the market value of Stellenbosch-based financial services provider on the local bourse.
Capitec Bank is a leading financial institution in South Africa, boasting one of the largest customer bases in the country. With 856 branches and 7,436 ATMs, it has established itself as a trusted retail banking brand over the past two decades.
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in Capitec Bank, equivalent to 6,034,518 shares, through his Jf Mouton Familietrust.
Mouton is also the founder of South African investment holding firm PSG Group, where he also has a 12.83-percent shareholding in PSG Konsult, an investment holding company founded in 1995.
Since Sept. 27, Capitec Bank shares on the Johannesburg Stock Exchange have surged by 5.27 percent, climbing from R1,645.63 ($85.26) on Sept. 27 to R1,732.43 ($89.76) at the time of writing, thus pushing the market capitalization of the conglomerate above the $10-billion mark and returning substantial financial gains to its shareholders, including Mouton, who owns a significant stake in the Stellenbosch-based group.
As a result of the recent bump in the bank’s share price, the market value of the stake held by Mouton has increased by R523.80 million ($27.14 million), rising from R9.93 billion ($514.49 million) on Sept. 27 to R10.45 billion ($541.63 million) at the time of writing.
This substantial increase in Mouton’s stake further solidifies his status among the wealthiest investors on the Johannesburg Stock Exchange and positions him as one of the most affluent individuals in the country.
