South African multimillionaire businessman Christopher Seabrooke has experienced a significant decline in the market value of his stake in Sabvest Capital, a Sandton-based investment holding.
According to data tracked by Billionaires.Africa, Seabrooke’s stake in Sabvest Capital has witnessed a staggering decline of R55.84 million ($2.98 million) over the past 20 days, as a result of the sustained decline in the company’s shares.
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.
Christopher Seabrooke takes a hit as Sabvest Capital’s market cap slumps below $140 million
Seabrooke, a leading business executive who has played a vital role in Sabvest Capital’s growth, holds a 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.
In recent times, the share price of Sabvest Capital has declined by 5.02 percent in the past 20 days, falling from R69.50 ($3.704) on Oct. 25 to R66.01 ($3.518) 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, the market value of Seabrooke’s stake in Sabvest Capital has slumped by R55.84 million ($2.9 million) R1.11 billion ($59.26 million) on Oct. 25 to R1.06 billion ($56.29 million).
