Table of Contents
Key Points
- Jannie Mouton's net worth rises to $1.6 billion, making him South Africa’s seventh billionaire and adding to Africa’s growing list of billionaires.
- Mouton’s wealth boost is driven by a 5.1% stake in Capitec Bank, with its shares rising nearly 50%, pushing Capitec's market cap above $18 billion.
- Beyond Capitec, Mouton holds key investments in PSG Group, PSG Konsult, Zeder Investments, and Curro Holdings, making a major economic impact in South Africa.
Forbes recently updated its figures, placing Jannie Mouton's net worth at $1.6 billion, making him the seventh billionaire in South Africa and adding him to the growing list of African billionaires, now numbering over 20.
His updated net worth has earned him the position of the 2,097th richest person in the world, putting him ahead of fellow South African billionaire Christo Wiese, ranked 2,104th. Wiese also has an estimated net worth of $1.6 billion, according to Forbes' real-time tracking.
The boost in Mouton’s wealth is largely attributed to Capitec Bank, where he holds a 5.1 percent stake through the J.F. Mouton Familietrust. Capitec’s share price has surged nearly 50 percent over the past year, with shares now trading at R3,131.04 ($172) on the Johannesburg Stock Exchange (JSE). This rise has propelled Capitec’s market capitalization above $18 billion, bringing the value of Mouton’s stake to an estimated $953.7 million, just shy of the $1 billion mark.
Capitec’s earnings drive share price growth
Capitec, founded over two decades ago by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, has grown into one of South Africa's largest banks by customer base. The bank’s success is driven by its focus on accessible banking and loan products, earning it a strong reputation in the global retail banking sector. Capitec offers term loans, credit facilities, and credit cards, establishing itself as a key player in South Africa’s financial landscape.
The bank’s impressive earnings have played a major role in boosting investor confidence, leading to a sharp rise in its share price. For the first half of its 2025 fiscal year, Capitec reported a 36.8 percent increase in profit, reaching R6.43 billion ($369.44 million), up from R4.69 billion ($270.22 million) in the same period last year. This growth underscores Capitec’s ability to thrive, even in a tough global economic environment.
The profit growth was driven by strong performances in both net interest and non-interest income. Net interest income rose by 20.4 percent to R9.65 billion ($555.8 million), with lending interest income growing by 14.4 percent. Meanwhile, investment income jumped 24.6 percent to R4.43 billion ($254.48 million).
Non-interest income also saw a solid increase, up 22 percent to R11.27 billion ($647.6 million). A key contributor to this growth was a 29 percent rise in net transaction and commission income, which reached R8.92 billion ($512.7 million). Capitec’s Capitec Connect offering also saw a surge in income, up 79 percent, showcasing the bank’s efforts to diversify its revenue streams.
Mouton’s key investments across sectors
Beyond Capitec, Mouton has made a significant impact on South Africa’s economy through his other business ventures. As the founder and chairman of PSG Group, a diversified investment firm with interests in banking, education, and food industries, Mouton is known for his sharp business sense.
In addition to his real estate holdings, his portfolio includes a 12.83 percent stake in PSG Konsult, a leading financial services provider in South Africa and Namibia. PSG Konsult’s subsidiaries, including PSG Wealth, PSG Asset Management, and PSG Insure, further bolster Mouton’s investments. He is also involved with Zeder Investments, a prominent player in South African agribusiness, and Curro Holdings, the country’s largest private school network.
