Michiel Le Roux

Le Roux owns 11.41 percent of the South African bank.

Through his stake in Capitec Bank, Le Roux ranks as one of South Africa’s richest men.

Le Roux owns a sizable 11.41-percent stake in Capitec Bank.

The billionaire has recorded an impressive $149-million surge in the value of his stake in the past 16 days.

The long-term success of Samsung Pay is driven by strong partnerships.

Le Roux owns 11.41 percent of the leading banking group.

The 73-year-old businessman who founded Capitec Bank owns a sizeable 11.41 percent stake in the bank.

Capitec Bank was founded 20 years ago by Le Roux and leading businessmen Jannie Mouton and Riaan Stassen.

Le Roux founded Capitec Bank, one of South Africa’s largest retail banks, about 21 years ago.

Le Roux is the founder of Capitec Bank and the fifth richest man in South Africa.