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Key Points
- Mouton’s stake in Capitec surged by $37.90 million in 2 days, driven by strong investor confidence and share price gains.
- Capitec Bank shares climbed 3.32% in two days, pushing market cap above $23 billion and outperforming local banking peers.
- With 12.77% YTD growth, Capitec’s momentum signals renewed foreign interest and positions it as a top-performing South African bank.
South African businessman Jannie Mouton, the founder of PSG Group, has yet again experienced 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).
South African tycoon’s bank stake climbs
Through the J.F. Mouton Familie Trust, Mouton holds a 5.11 percent stake in Capitec Bank, one of South Africa’s top-performing financial institutions. Over just two trading days, his stake appreciated by R672.55 million ($37.90 million), as investor sentiment around the bank continues to strengthen.
The surge follows an earlier gain of $28.47 million from May 4 to May 29, when the value of his stake in Capitec rose from R19.96 billion ($1.11 billion) to R20.46 billion ($1.14 billion).
Capitec Bank shares soar on JSE, fueling billionaire wealth surge
Capitec Bank has grown into one of South Africa’s most trusted retail banking brands, now serving millions of customers through 856 branches and over 7,400 ATMs nationwide. In the two decades since it launched, it has become a fixture in the country’s financial landscape.
Investor confidence in the bank has climbed once again, with shares rising 3.32 percent over just two days. The stock moved from R3,420.96 ($192.8) on June 23 to R3,534.61 ($199.2), pushing Capitec’s market value past $23 billion and offering shareholders another round of meaningful gains.
Among the beneficiaries is Michiel Le Roux Mouton, whose stake in the bank rose by R672.55 million ($37.9 million) during that same period. His holdings increased from R20.24 billion ($1.14 billion) to R20.92 billion ($1.18 billion), cementing his place among South Africa’s wealthiest individuals.
Capitec outperforms rivals with 12.77% YTD growth
Capitec shares have climbed 12.77 percent so far this year, outpacing most of its local banking rivals. A firmer rand and steady quarterly earnings have drawn fresh interest from foreign investors, helping to drive the recent rise in the stock.
For investors, the gains have been meaningful. A $100,000 stake in Capitec at the start of 2025 would now be worth $112,770, a return of $12,770 in under six months. For longtime backers like Jannie Mouton, the bank’s steady growth continues to pay off, reinforcing his place.
