South African multimillionaire businessman Christopher Seabrooke has seen the market value of his stake in Sabvest Capital, a Sandton-based investment holding decline by over $3 million in recent times.
According to data tracked by Billionaires.Africa, Seabrooke’s stake in Sabvest Capital has declined by R64 million ($3.4 million) over the past 31 days, driven by the recent drop in Sabvest Capital’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 leading business executive who has played a vital role in Sabvest Capital’s growth, holds a significant 40.61-percent stake in the investment holding company. This stake cements his position as the largest shareholder in the South African investment holding company.
Since Sept. 19, Sabvest Capital’s share price has experienced a 5.71-percent decrease in the past 31 days, falling from R70 ($3.665) to R66 ($3.456) at the time of writing, thus pushing the company’s market capitalization below $140 million.
As a result of the recent slump in the company’s shares, Seabrooke’s stake in Sabvest Capital has suffered a loss of R64 million ($3.4 million), falling from R1.20 billion ($58.64 million) on September 19 to R1.06 billion ($55.30 million) at the time of this report.
Despite the recent decline in Seabrooke’s stake in Sandon-based Sabvest Capital, the South African businessman remains among the richest investors on the Johannesburg Stock Exchange.