Table of Contents
Key Point
- Tshepo Mahloele’s stake in Capitec Bank has increased by R1.26 billion ($53.10 million) over the past 14 days due to investor interest.
- Capitec Bank shares have risen 4.40% on the JSE, boosting its market cap above $17 billion and benefiting shareholders.
- Year-to-date, Capitec Bank shares surged 39.20%, meaning a $100,000 investment at the year’s start is now worth $139,205.
South African businessman Tshepo Mahloele has seen a notable increase in the market value of his stake in Capitec Bank Holdings, which now approaches $1.3 billion. This rise is driven by renewed investor interest, resulting in substantial gains for the leading retail banking group.
According to data from Billionaires.Africa, Mahloele’s stake in Capitec Bank has increased by R1.26 billion ($53.10 million) over the past 14 days, thanks to a recent rise in the bank’s shares. This follows an earlier gain of $126.36 million recorded between June 14 and July 6, when Mahloele’s stake in Capitec Bank grew from $1.1 billion to $1.22 billion.
Capitec Bank shares climb 4.4 percent, market cap tops $17 billion
Founded in 1999 by Le Roux alongside Jannie Mouton and Riaan Stassen, Capitec Bank has solidified its reputation over the past two decades, amassing a substantial customer base. With over 850 branches and 7,400 ATMs across South Africa, it has become one of the world’s top retail banking brands.
Over the past 14 days, Capitec Bank shares on the Johannesburg Stock Exchange (JSE) have climbed 4.4 percent, moving from R2,627.03 ($143.59) on July 10 to R2,742.62 ($149.76). This performance has pushed the bank’s market capitalization above the $17 billion mark, delivering significant gains to shareholders.
Mahloele’s Capitec stake surges by $53.1 million
Tshepo Mahloele, chairman and founder of Lebashe Investment Holding, holds an indirect 7.26 percent stake in Capitec Bank, equivalent to 8,409,802 ordinary shares. This significant holding cements his position as one of South Africa’s leading businessmen and investors.
Mahloele’s stake in Capitec Bank has increased by R1.26 billion ($53.1 million) over the past 14 days. His holding, which was R22.09 billion ($1.21 billion) on July 10, now stands at R23.06 billion ($1.26 billion). This reinforces his position as one of South Africa’s top businessmen.
Your Money and Your Life
Capitec Bank’s share price has climbed 35.3 percent year-to-date, making it one of the JSE’s most valuable stocks. A $100,000 investment at the beginning of the year is now worth $135,320, reflecting a gain of $35,320.
