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Key Points
- Jannie Mouton’s Capitec Bank stake has surpassed $1 billion, driven by a strong rally in the bank’s share price on the Johannesburg Stock Exchange.
- Capitec’s market cap now exceeds $21.6 billion, with shares up 18.67% over 85 days, reflecting high investor confidence in its growth.
- Capitec Bank ranks among the most valuable stocks on the JSE, having surged 60.21% in year-to-date performance.
South African businessman Jannie Mouton, the founder of PSG Group, has reached a major financial milestone with his stake in Capitec Bank now surpassing $1 billion, propelled by a rally in the bank's share price on the Johannesburg Stock Exchange (JSE) — this reflects renewed investor confidence in Capitec as one of South Africa's most valuable financial institutions.
Mouton, who co-founded Capitec Bank alongside Michiel Le Roux and Riaan Stassen, holds a 5.1-percent stake in the bank through the J.F. Mouton Familietrust. Over the past 12 weeks, Mouton’s stake has increased by R3.02 billion ($173.13 million), rising above the $1-billion mark.
The surge follows an earlier gain of $201.55 million from May 31 to July 25, when the value of his stake in Capitec rose from R12.85 billion ($701.3 million) to R16.55 billion ($902.87 million).
Capitec’s market cap exceeds $21 billion amid robust growth
Capitec Bank’s market capitalization has surged past $21.6 billion, supported by strong investor demand. The bank’s share price has climbed 18.67 percent over the past 85 days, from R2,735.65 ($156.70) on Aug. 12 to R3,246.40 ($185.96) per share. This growth has significantly bolstered Capitec’s standing in South Africa’s financial sector, generating substantial returns for shareholders.
Mouton’s holdings alone have risen in market value from R16.19 billion ($927.33 million) to R19.21 billion ($1.1 billion), marking a $173.13-million gain since August. This solidifies Mouton’s position among South Africa’s financial elite and highlights Capitec’s strong position in a competitive banking landscape.
Capitec’s strong performance and rising valuation
With 860 branches and 7,436 ATMs across South Africa, Capitec Bank serves one of the largest customer bases in the country. Its reputation as a top-performing JSE stock is underscored by a 60.21-percent year-to-date rise, reflecting investor confidence in Capitec's financial health and growth trajectory.
An investment of $100,000 in Capitec Bank shares at the start of 2024 would now be valued at approximately $160,210, delivering a profit of $60,210. This gain illustrates the strength of Capitec’s growth potential and its appeal among both local and international investors.
