South African billionaire Jannie Mouton gains $352 million from Capitec shares

Key Points

• Jannie Mouton's stake in Capitec Bank has risen by $352.4 million, surpassing $1 billion in value due to strong share price growth.
• Capitec’s market capitalization nears $20 billion, fueled by strong growth and a vast branch network.
• Capitec delivers a 56.29% return in 2024, offering significant profits to investors, including foreign stakeholders.

South African businessman Jannie Mouton, the founder of PSG Group, has seen a substantial rise in the market value of his stake in Capitec Bank, fueled by the bank’s sustained share price growth on the Johannesburg Stock Exchange (JSE).

Mouton, who co-founded Capitec alongside Michiel Le Roux and Riaan Stassen, holds a 5.1 percent stake in the bank through the J.F. Mouton Familietrust. This year alone, Mouton’s stake has gained $352.4 million, pushing its value beyond the $1 billion mark.

Capitec’s market capitalization nears $20 billion

Capitec Bank, a leading financial institution in South Africa with one of the continent’s largest customer bases, has seen its market capitalization soar to nearly $20 billion.

The bank's expansive network of 860 branches and 7,436 ATMs has been a key driver of its growth, allowing it to continue delivering strong returns despite broader market challenges.

From Aug. 12 to Nov. 6, Mouton’s stake alone surged by $173.13 million, increasing from R16.19 billion ($927.33 million) to R19.21 billion ($1.1 billion), mirroring Capitec's impressive performance.

Mouton’s wealth rises by $352 million

Since Jan. 1, Capitec’s share price has surged by 56.29 percent, rising from R2,026.36 ($111.26) to R3,167 ($170.83), significantly boosting its market capitalization and solidifying its position in Africa’s financial sector.

The rise in Capitec's share price has propelled Mouton’s stake from R11.99 billion ($655.48 million) at the start of the year to R18.74 billion ($1.01 billion), marking a R6.75 billion ($352.41 million) gain in 2024.

Capitec delivers strong returns to investors

Capitec’s strong returns have solidified its position as one of the JSE’s top performers in 2024, offering a 56.29 percent return year-to-date, and a 53.76 percent return for foreign investors.

For investors, Capitec’s growth has been a significant opportunity. A $100,000 investment in Capitec shares at the beginning of the year would now be worth $153,763, delivering a profit of $53,763.

This not only highlights Capitec’s continued success but also its appeal to both local and international investors.