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South African media mogul Terrence Moolman has experienced a notable increase in the market value of his holdings in Caxton & CTP Publishers thanks to a recent uptick in the market value of his stake in the leading publisher on the Johannesburg Stock Exchange (JSE).
According to data tracked by Billionaires.Africa, Moolman, who is the CEO and co-founder of Caxton & CTP Publishers Ltd., has gained R59.76 million ($3.22 million) over the past eight days from his stake in the company. The increase comes on the back of a recent surge in the company’s shares on the JSE.
This recent boost follows a period of decline between Feb. 6 and April 18, when Moolman’s stake in the company fell by R146.85 million ($7.66 million), from R1.85 billion ($96.5 million) to R1.70 billion ($88.88 million).
Caxton & CTP Publishers’ shares surge 3.5 percent
The publisher, founded in 1980 by Moolman and Noel Coburn, boasts a wide array of publications, including 88 newspapers and 15 magazines, and specializes in various printing and packaging solutions.
Caxton & CTP Publishers’ shares have experienced a notable ascent on the local bourse, climbing by 3.50 percent from R10 ($0.540) on April 26 to R10.35 ($0.559), thereby propelling its market capitalization above $200 million. This surge has translated into substantial gains for Terrence Moolman, further solidifying his financial standing.
Moolman stake rises above $95 million
As the CEO and co-founder of Caxton & CTP Publishers Ltd., Moolman holds a significant 47.22-percent stake, making him the largest shareholder in the company and solidifying his status as one of the wealthiest investors on the JSE.
The recent surge in Caxton & CTP Publishers shares has propelled the market value of Moolman’s stake to increase by R59.76 million ($3.22 million) in recent times, from R1.71 billion ($92.24 million) on Apr. 26 to R1.76 billion ($95.47 million).
Moolman’s visionary leadership continues to shape the publishing and print landscape in Southern Africa. His influence as the largest shareholder in Caxton & CTP Publishers remains significant.
