
Stephen Brookes' Balwin secures $52.5 million for Tshwane project
The investment aims to tackle South Africa’s housing shortfall while creating jobs and stimulating economic growth.
The investment aims to tackle South Africa’s housing shortfall while creating jobs and stimulating economic growth.
Since January 1, his stake has gained R32.63 million ($1.83 million), pushing his total stake above $22 million.
This follows earlier gains of $2.53 million between Oct. 3 and Nov. 1, when his holdings rose from $20.21 million to $22.73 million.
Stephen Brookes sees his Balwin Properties stake rise above $20 million amid a rally in the company's shares on the JSE.
Real estate mogul Stephen Brookes, the founder and the largest shareholder of Balwin Properties, owns 36.08 percent of the Johannesburg-based property developer.
Brookes, a South African real estate mogul and founder of Balwin Properties in 1996, remains the company’s largest shareholder, holding a 36.08-percent stake.
Since Jan. 31, the market value of Brookes’ stake in Balwin Properties has declined by $4.55 million, decreasing from $21.84 million to $17.29 million.
Brookes, a South African real estate mogul who founded Balwin Properties in 1996, owns a 36.08-percent stake in the company.
Brookes owns a 36.08-percent stake in Balwin Properties.
Brookes has seen the market value of his stake rise by $5.3 million in the past 26 days.
Brookes owns a 36.08-percent stake in Balwin Properties.
Balwin is a residential property developer of large-scale estates for South Africa’s low-to-middle-income population.
The South Africa-based property developer delivered double-digit growth in earnings.