Johan Burger’s FirstRand stake boosts fortune by $2.64 million
FirstRand has delivered modest returns since the start of 2024, with local investors seeing a 9.17 percent increase in share price.
FirstRand has delivered modest returns since the start of 2024, with local investors seeing a 9.17 percent increase in share price.
This growing fortune reinforces his position as one of South Africa's wealthiest executives and among the top investors on the JSE.
Collaboration positions FirstRand as first Southern African bank in Proparco’s Trade Finance Guarantee Program.
South African businessman Johan Burger sees $3.03 million dip in FirstRand stake
This decline reverses a $1.51 million gain between Oct. 9 and 18, when Pullinger's stake rose from $31.52 million to $33.03 million.
In its appeal, FirstRand argues that motor dealers should not be held to fiduciary standards or be required to provide impartial advice.
This marks a significant milestone for Pullinger, who holds a 0.13 percent stake, equivalent to 7,079,000 ordinary shares in FirstRand.
Laurie Dippenaar currently holds a 1.76-percent stake in FirstRand, amounting to 98,726,988 shares, making him one of South Africa’s leading investors.
This issuance brings the total amount outstanding under the company’s seven-year bond program to R41.01 billion ($2.22 billion).
Pullinger’s newfound wealth cements his status as one of South Africa’s most affluent executives.
The $31.46-million increase in the market value of Dippenaar’s investment in FirstRand solidifies his position as one of South Africa’s wealthiest businessmen.