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Key Points
- Terrence Moolman’s stake in Caxton & CTP Publishers surged to $134.09 million, gaining $4.34 million in five days.
- Caxton & CTP shares have risen 3.35 percent, increasing the company’s market value to over $250 million on the Johannesburg Stock Exchange.
- A $100,000 investment in Caxton shares at the start of 2024 would now be worth $118,320, delivering an 18.32 percent return to investors.
South African media tycoon Terrence Moolman has experienced a notable surge in the market value of his holdings in Caxton & CTP Publishers Limited, with his stake now exceeding $130 million. This surge is driven by the sustained rise in the shares of the leading publisher of books, newspapers, and magazines on the Johannesburg Stock Exchange (JSE).
As the CEO and co-founder of Caxton & CTP Publishers Ltd., Moolman holds a 51.84 percent direct and indirect stake in Caxton. The value of his stake has grown by R76.37 million ($4.34 million) in just 5 days, bringing his total holdings to $134.09 million.
This increase builds on a significant surge in Moolman’s wealth between Sep.5 and Oct. 3. During this period, the market value of his stake in Caxton jumped from R2.15 billion (120.35 million) to R2.32 billion (129.58 million), marking an increase of $250 million.
Moolman’s stake in Caxton & CTP soars adding millions to his wealth
Caxton, founded in 1980 by Terrence Moolman and Noel Coburn, has grown into a major player in South Africa’s publishing, printing, and packaging industries. It operates 88 newspapers, 15 magazines, and a range of printing and packaging businesses, cementing its role in the country's media landscape.
Caxton's shares have gained 3.35 percent over the past five days, rising to R12.66 from R12.25 on Oct. 17, pushing its market value above $250 million. The rally boosted Moolman's stake to R2.36 billion ($134.09 million) from R2.28 billion ($129.75 million), adding R76.37 million ($4.34 million) in value.
The recent gains in Caxton’s stock not only fortify Moolman’s position as one of South Africa's richest investors but also underline his influence in the media industry. His direct involvement and strategic leadership in the company have been key factors in its ongoing success.
Your Money and Your Life
Caxton's shares have provided an 18.32 percent return to investors this year, positioning the company among the top performers in the market. A $100,000 investment in its stock at the start of the year would now be worth $118,320, representing a profit of $18,320.
