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 $7 million since the start of the year 2024.
According to data tracked by Billionaires.Africa, Seabrooke’s Sabvest Capital stake dropped by R136 million ($7.2 million) in the last 35 days due to Sabvest Capital’s declining shares on the Johannesburg Stock Exchange (JSE).
Sabvest Capital’s market cap dips below $145 million in 2024
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 the start of the year, Sabvest Capital’s share price has experienced an 11.04-percent decline, falling from R77 ($4.090) to R68.5 ($3.638) at the time of drafting this report, thus pushing the company’s market capitalization below $145 million.
Seabrooke sees stake in Sabvest Capital slump by $7.2 million in 35 days
As a result of the recent slump in the company’s shares, Seabrooke’s stake in Sabvest Capital has suffered a loss of R136 million ($7.2 million), falling from R1.23 billion ($65.42 million) on Jan. 1 to R1.10 billion ($58.20 million) at the time of drafting this report.
Despite the recent decline in Seabrooke’s stake in Sandon-based Sabvest Capital, the South African businessman remains one of the richest investors on the JSE.
