Piet Mouton: South African billionaire holding $580 million in Capitec shares
Mouton’s rise from corporate corridors to billionaire status epitomizes visionary entrepreneurship and leadership.
Mouton’s rise from corporate corridors to billionaire status epitomizes visionary entrepreneurship and leadership.
Mouton presently owns 5.78 percent of Capitec Bank, or 6,685,622 shares.
These stakes contribute to Mouton’s expanding wealth and reinforce his position as one of South Africa’s leading business figures.
Mouton, who has accumulated a substantial fortune through his diverse investment portfolio, has a 5.83-percent stake in Capitec Bank.
After suffering significant losses earlier this year, Mouton has bounced back with an impressive gain of $59.1 million in just 19 days.
Capitec Bank was founded more than 20 years ago by Michiel Le Roux, Riaan Stassen, and Piet Mouton’s father, Jannie Mouton.
Mouton’s 5.78-percent stake in the bank is worth $600 million.
The South African Mouton family owns 24.5 percent of the company.
The South African Mouton family owns 24.5 percent of the company.
PSG Group, a South African-based investment holding company founded and led by one of the country’s wealthiest families, the Mouton family.
Capitec is one of South Africa’s largest lenders by number of customers.
The gain in Mouton’s stake can be linked to double-digit growth in the share price of the South African lender.
Capitec is South Africa’s largest lender by number of customers.