Jannie Mouton, the esteemed South African businessman and founder of PSG Group investment holding company, has seen a substantial increase in his wealth, owing to the remarkable surge in the value of his stake in Capitec Bank, a leading retail bank in South Africa
Data compiled by Billionaires.Africa indicates that Mouton’s stake in Capitec Bank has soared by R786.72 million ($42.21 million) over the past 16 days, driven by the upswing in the bank’s shares on the Johannesburg Stock Exchange (JSE).
Capitec Bank shares surge by 6.35 percent
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.
The lender’s shares on the JSE have surged 6.35 percent in recent times, climbing from R2,054.10 ($110.202) on March 19 to R2,184.47 ($117.196). This surge has propelled the group’s market capitalization above $13 billion, generating significant returns for shareholders.
Mouton’s stake in Capitec Bank surges by $42.2 million
Jannie Mouton who is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen, presently owns a 5.11-percent stake in the leading retail bank, equivalent to 6,034,518 shares, through his Jf Mouton Familietrust.
The recent single-digit percentage rise in Capitec Bank shares has resulted in the market value of Mouton’s stake increasing by R786.72 million ($42.21 million), from R12.4 billion ($665.02 million) on March 19 to R13.18 billion ($707.22 million).
This remarkable surge in Mouton’s stake solidifies his spot among the most affluent investors on the JSE, further strengthening his position among the wealthiest individuals in South Africa.
