Home » South African tycoon Jannie Mouton gains $31 million in 6 days from Capitec Bank

South African tycoon Jannie Mouton gains $31 million in 6 days from Capitec Bank

Mouton’s stake soars as stake in Capitec exceeds $645 million

by Yusuf Abdulfatai
Jannie Mouton

South African billionaire and the founder of the PSG group investment holding company, has experienced a notable increase in his fortune over the past six days, thanks to the latest surge in his stake in Capitec Bank — a Stellenbosch-based financial services provider.

According to data tracked by Billionaires.Africa, Mouton’s stake in Capitec Bank has surged by R580.15 billion ($31.39 million) over the past six days due to the recent rise in the share price of the leading retail bank on the Johannesburg Stock Exchange (JSE).

This recent surge comes on the heels of $95 million gains he recorded between Oct. 25 and Nov. 16 — when the market value of his stake in Capitec Bank soared from R10.24 billion ($560.72 million)  to R11.98 billion ($656.00 million).

Capitec Bank shares soar, market cap remains above $10 billion

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 the leading retail bank, equivalent to 6,034,518 shares, through his Jf Mouton Familietrust.

In recent times, Capitec Bank shares on the JSE have increased by 5.09 percent, climbing from R1,888.86 ($102.2) on Dec. 18 to R1,985.00 ($107.42) at the time of writing, thus pushing the market capitalization of the leading retail banking group above the $10-billion mark.

Mouton’s stake soars as stake in Capitec exceeds $645 million 

As a result of the recent rise in the bank’s shares, Jannie Mouton’s stake has experienced a surge of R580.16 billion ($31.39 million) in its market value, rising from R11.39 billion ($616.83 million) on Dec. 18 to R11.98 billion ($648.22 million) at the time of writing.

This notable surge in Mouton’s stake consolidates his position among the most affluent investors on the JSE – it also strengthens his position among the wealthiest individuals in South Africa.

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