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South African billionaire Michiel Le Roux’s Capitec stake rises to $2.6 billion

Michiel Le Roux’s Capitec stake climbs to $2.64 billion after a strong share rally, adding $105 million in two weeks.

South African billionaire Michiel Le Roux’s Capitec stake rises to $2.6 billion
Michiel Le Roux, South African billionaire and founder of Capitec Bank

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Key Points

  • The South African billionaire gained $105 million in under two weeks as Capitec shares rallied on the Johannesburg Stock Exchange.
  • Strong digital banking growth and customer expansion drove Capitec’s profit jump in fiscal 2025, boosting investor confidence.
  • Despite economic uncertainty, the stock remains a top JSE performer, adding over $400 million to Le Roux’s wealth in three months.

South African billionaire Michiel Le Roux has seen the value of his stake in Capitec Bank rise to $2.6 billion, following a sharp rally in the bank’s share price on the Johannesburg Stock Exchange. In just under two weeks, his holdings gained $105 million, further cementing his place among Africa’s richest individuals.

Michiel Le Roux's stake hits $2.64 billion

Le Roux, who previously served as CEO and chairman of Capitec, owns 13.19 million shares in the bank—an 11.36-percent stake in what is now Africa’s second most valuable banking group. As of July 7, the value of his stake had climbed to R46.92 billion ($2.64 billion), up from R45.12 billion ($2.53 billion) on June 23, thanks to strong investor demand and confidence in the bank’s performance.

This latest gain adds to an earlier jump of nearly $300 million between April 17 and May 9, when Capitec shares surged almost 11 percent. During that stretch, the value of Le Roux’s stake rose from R40.79 billion ($2.24 billion) to R45.31 billion ($2.48 billion). Altogether, the recent market upswing has added over $400 million to his portfolio in the past three months.

Capitec profit rises 30% in 2025

Capitec Bank’s rise hasn’t been by chance. Co-founded by Michiel Le Roux alongside Jannie Mouton and Riaan Stassen, the bank has steadily grown into one of Africa’s most trusted financial institutions. With over 850 branches and 7,400 ATMs across South Africa, it has carved out a strong presence in the retail banking space and built a loyal customer base.

The bank’s latest financial results only deepen that story of steady growth. For the fiscal year ending February 2025, Capitec reported a 30.1 percent increase in profit after tax, reaching $742.5 million. This was driven by solid interest income, a growing focus on digital banking, and the continued expansion of services like Capitec Connect.

That strong performance didn’t go unnoticed in the markets. Over the past two weeks alone, Capitec’s share price has climbed nearly 4 percent, rising from R3,420.96 ($192.79) on June 23 to R3,557.33 ($200) on July 7. This latest rally pushed the company’s market capitalization above $23 billion, making it the second-most valuable bank on the continent.

Your money and your life

Despite global uncertainty and a tough local economy that kept many investors on edge, Capitec’s shares have risen more than 14 percent since the start of 2025. A $100,000 investment at the beginning of the year would now be worth $113,660. The stock remains one of the standout performers on the Johannesburg Stock Exchange.

That rally has also delivered gains for Michiel Le Roux, the bank’s largest and most influential shareholders. His long-standing faith in Capitec, through market cycles and shifts in consumer banking, continues to pay off. With the bank pushing ahead on innovation and growth, both analysts and investors are keeping a close eye. For Le Roux, it’s another reminder that sticking with what you know, and backing it through the noise, can still work in today’s market.

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