South African businessman Johan Burger gains $7.55 million, as FirstRand shares surge by 26 percent
Burger holds a beneficial 0.12-percent stake in the leading financial services group.
Burger holds a beneficial 0.12-percent stake in the leading financial services group.
Pullinger’s beneficial 0.1-percent stake in FirstRand Limited is worth R387.2 million ($25.4 million).
Pullinger holds a minority shareholding of about 0.1 percent in the group.
FirstRand Limited is Africa’s largest financial services group in terms of market capitalization.
The bank’s earnings are expected to rise by at least 35 percent in the year through June.