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Key Point
- Andre du Plessis’s stake in Capitec Bank has surged by R127.25 million ($6.93 million) in the past 15 days.
- Capitec Bank shares have risen 5.38% on the JSE, boosting its market capitalization above $17 billion.
- Year-to-date, Capitec Bank offers a return of 40%, turning a $100,000 investment into $140,000.
South African businessman Andre du Plessis has seen the market value of his Capitec Bank stake surge as investor appetite for the Stellenbosch-based lender strengthens on the Johannesburg Stock Exchange (JSE).
According to data tracked by Billionaire.Africa, shows du Plessis’s holding has grown by $6.9 million in the past 15 days to over $130 million, building on gains recorded earlier in June and July.
Capitec Bank shares climb by over 5 percent
Capitec Bank, known for its broad client base and comprehensive offerings, has cemented its position as a leading South African lender since its founding over two decades ago. The bank provides a range of financial products, including term loans, credit facilities, and credit cards, earning international recognition for its robust solutions.
Capitec’s shares on the JSE have risen 5.38 percent in the past 15 days, climbing from R2,627.03 ($143.7) on June 10 to R2,768.24 ($151.4). This increase has pushed the company’s market capitalization above $17 billion, benefiting shareholders.
Andre du Plessis’ stake in Capitec Bank surges to $135.8 million
Andre du Plessis, a prominent South African businessman who co-founded Capitec Bank in 2001 alongside billionaire Michiel Le Roux, Jannie Mouton, and Riaan Stassen, holds a 0.78 percent stake in the financial services provider.
Due to the recent share price surge, du Plessis’s holding in Capitec has grown by R127.25 million ($6.93 million) in the last 15 days, rising from R2.37 billion ($128.9 million) on July 10 to R2.49 billion ($135.8 million).
Your Money and Your Life
Capitec Bank continues to deliver impressive investor returns, boasting a year-to-date gain of 40.03 percent. A $100,000 investment at the start of the year would now be worth $140,029, reflecting a $40,029 gain.
