South African businessman loses $5 million in Sabvest Capital investments

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South African businessman Christopher Seabrooke has seen the market value of his stake in Sabvest Capital slump by more than $5 million, due to a sustained decline in the shares of the Sandton-based investment holding on the Johannesburg Stock Exchange (JSE).

According to data tracked by Billionaires.Africa, Seabrooke’s stake in Sabvest Capital dropped by R98.81 million ($5.24 million) in the last 56 days as investors on the local bourse continue to reduce their stakes in the investment group.

This dip comes on the heels of a previous downturn, during which Seabrooke’s shares in the investment holding company saw a notable decline of $7.2 million between Jan. 1 and Feb. 6, from R1.23 billion ($65.42 million) to R1.10 billion ($58.20 million).

Sabvest Capital’s market cap dips further below $140 million

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 unlisted companies and long-term direct and indirect holdings in listed firms, equity funds, and offshore bond portfolios.

Seabrooke, a leading business executive who has played a vital role in Sabvest Capital’s growth, is the largest shareholder with a 40.61 percent significant stake in the investment holding company.

In the past 56 days, Sabvest Capital shares on the JSE have fallen 8.59 percent, dropping from R72.20 ($3.83) on March 1 to R66.00 ($3.50) as of today. This decline has pushed the company’s market capitalization below $140 million, resulting in significant losses for shareholders.

Seabrooke’s stake in Sabvest Capital dips

Due to the recent stock decline, Seabrooke’s investment in Sabvest Capital has decreased by R98.81 million ($5.24 million) over the past 56 days. The holding has dropped from R1.15 billion ($61 million) on March 1 to R1.05 billion ($55.76 million) at the time of writing.

Despite the recent decline in his stake, Seabrooke remains a prominent South African business leader and a top investor on the JSE.