Table of Contents
Key Points
- Terrence Moolman’s 52.48% stake in Caxton has gained R283.74 million ($15.11 million) this year, boosting his total stake to over $122 million.
- Caxton’s share price on the JSE rose 14.11% in 2024, increasing its market capitalization to over $230 million.
- Moolman’s strategic leadership reinforces his role as a key figure in South Africa’s publishing and media landscape.
South African media tycoon Terrence Moolman, the CEO and co-founder of Caxton & CTP Publishers Ltd., has reaped substantial gains from his investment this year, as the company’s shares deliver modest returns to investors.
Moolman, who holds a controlling 52.48 percent stake in the company—equivalent to 187,905,282 shares—has seen his holdings surge by R283.74 million ($15.11 million) since Jan. 1, pushing the total value of his stake to more than $122 million.
Caxton’s shares surge 14% in 2024
Caxton, founded in 1980 by Moolman and Noel Coburn, has grown into a leading force in South Africa’s publishing, printing, and packaging industries, operating 88 newspapers, 15 magazines, and various printing and packaging businesses.
This year, the company’s share price on the Johannesburg Stock Exchange has risen by 14.11 percent, climbing from R10.7 ($0.57) on Jan. 1 to R12.21 ($0.65), lifting its market capitalization above $230 million and rewarding investors, including Moolman.
Moolmans stake in Caxton jumps to $122.15 million
With the double digit percent increase Caxton shares, Moolman’s stake in the company has surged in value, increasing from R2.01 billion ($107.04 million) at the start of the year to R2.29 billion ($122.15 million), marking a gain of R283.74 million ($15.11 million).
This not only cements Moolman’s position among South Africa's wealthiest investors but also highlights his significant influence in the media industry. His strategic leadership and direct involvement in Caxton have been crucial to its ongoing success.
