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South African billionaire Jannie Mouton, the founder of PSG Group, has watched the value of his stake in Capitec Bank climb back to $1.2 billion.
The rise comes after a rally in the bank’s shares on the Johannesburg Stock Exchange, reflecting renewed confidence in one of the country’s largest retail lenders.
Mouton’s Capitec stake tops $1.2 billion
Mouton’s stake in Capitec is held through the J.F. Mouton Familie Trust, which owns 5.11 percent of the bank. In the past two weeks, the value of his stake increased by R786.11 million ($45.24 million), moving from R20.14 billion ($1.16 billion) to R20.92 billion ($1.2 billion).
The climb follows an earlier stretch of gains between Aug. 7 and Aug. 25, when Mouton’s stake rose by $67.58 million. Over that period, his stake advanced from R20.46 billion ($1.17 billion) to R21.64 billion ($1.23 billion), underscoring steady demand for the bank’s shares.
Capitec stock climbs, market cap surpasses $23.5 billion
Capitec has become a household name in South Africa. What started more than two decades ago as a small retail bank has grown into one of the country’s most trusted financial institutions.
Today, it has 856 branches, more than 7,400 ATMs, and millions of clients across the nation. Its focus on simple, affordable products has built a loyal customer base and strengthened its reputation in a competitive banking market.
Shares of Capitec rose 3.62 percent in just 12 days, climbing from R3,402 ($195.85) on June 23 to R3,535.79 ($203.49). That move lifted the bank’s market value to more than $23.5 billion, rewarding shareholders with fresh returns.
Your money and your life
For investors, the rally has been rewarding. A $100,000 investment in Capitec at the start of 2025 would now be worth $112,810. For Mouton, the climb in share value underscores both his long-standing bet on the bank and his status as one of South Africa’s wealthiest investors.
