South African tycoon Gerrie Fourie loses $11.9 million from stake in Capitec Bank
Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
Fourie holds a 0.89-percent stake in the leading retail bank, equivalent to 1,027,673 ordinary shares.
Despite the recent setback, Mouton still holds his position as one of the most affluent investors on the JSE and remains one of the wealthiest individuals in South Africa.
The recent slump in his fortune follows the $60-million gain recorded on April 4, when his stake in Capitec Bank soared from $1.48 billion to $1.54 billion.
This surge in Mouton’s stake solidifies his spot among the most affluent investors on the JSE.
While some banking executives are weathering the storm, Pullinger has seen millions of dollars shaved off his holdings.
The recent surge in the lender’s share price comes on the heels of its recent acquisition of a majority stake in Cyprus-based digital non-bank consumer lender, Avafin
This significant rise in Mouton’s stake reinforces his standing as one of the most affluent investors on the Johannesburg Stock Exchange
Capitec Bank, founded two decades ago by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, has evolved into a globally renowned banking brand.
Fourie’s stake in Capitec Bank has risen by R2.16 billion ($8.63 million) over the past 65 days, solidifying his position among South Africa’s top executives.
This surge solidifies his standing as one of South Africa’s leading businessmen and investors.
Le Roux owns an 11.39-percent stake in Capitec Bank, making him one of the richest men on the continent.
The recent uptick in his fortune can be attributed to the performance of his 11.39-percent stake in Capitec Bank.
Le Roux presently owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in the leading retail bank.
Since its inception, Le Roux has played a pivotal role in shaping the landscape of the financial services industry throughout Africa.
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.