South African tycoon Jannie Mouton's Capitec Bank stake nears $1 billion mark

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Key Point

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• Jannie Mouton’s stake in Capitec Bank nears $1 billion due to a recent surge in share price.
• Capitec Bank shares on the JSE have risen 28.74% in 54 days, boosting its market cap above $17 billion.
• The market value of Mouton’s Capitec stake has increased by R3.7 billion ($201.55 million) over the past 54 days.

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South African billionaire Jannie Mouton, renowned for founding the investment holding firm PSG Group, has witnessed a substantial rise in the market value of his stake in Capitec Bank. Driven by a recent surge in the bank’s share price, Mouton’s holding is now nearing the $1 billion mark.

According to data tracked by Billionaires.Africa, the market value of Mouton’s stake in Capitec Bank has increased by R3.7 billion ($201.55 million) over the past 54 days, attributed to renewed investor interest. This follows a brief dip in May, where his stake lost $46.9 million, falling from $746.97 million to $700.07 million.

Capitec Bank’s market cap exceeds $17 billion

Capitec Bank, a prominent financial institution in South Africa, boasts one of the largest customer bases in the country, with 860 branches and 7,436 ATMs.

Over the past 54 days, Capitec Bank shares on the Johannesburg Stock Exchange (JSE) have surged by 28.74 percent, climbing from R2,129.90 ($116.22) on May 31 to R2,742 ($149.62). This surge has propelled the bank’s market capitalization above $17 billion.

Jannie Mouton’s Capitec stake nears $1 billion amid share surge

Jannie Mouton, a co-founder of Capitec Bank along with Michiel Le Roux and Riaan Stassen, holds a 5.11-percent stake in the bank through the J.F. Mouton Familietrust, amounting to 6,034,518 shares.

The recent increase in Capitec Bank’s share price has elevated Mouton’s stake from R12.85 billion ($701.3 million) on May 31 to R16.55 billion ($902.87 million). This surge reaffirms his status in South Africa’s financial landscape, with his investment nearing the $1 billion milestone.

Your Money and Your Life

Capitec Bank’s share price has climbed 35.3 percent year-to-date, making it one of the JSE’s most valuable stocks. A $100,000 investment at the beginning of the year is now worth $135,320, reflecting a gain of $35,320.