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South African billionaire Jannie Mouton has added $136.16 million to his fortune in recent weeks, lifted by the sustained increase in the share price of Capitec Bank, one of Africa’s leading lenders and one of the country’s most closely watched companies.
Mouton, the founder of PSG Group, has long been associated with Capitec’s growth story. Over the past seven weeks, his stake in the bank has climbed sharply as investors returned to the stock, pushing it higher amid improving sentiment across South Africa’s financial sector.
Mouton trust’s 5.11 percent Capitec stake gains
Mouton’s interest in Capitec is held through the J.F. Mouton Familie Trust, which owns 5.11 percent of the bank. During the seven-week period, his stake has increased by R2.27 billion ($45.24 million), rising from R20.14 billion ($1.16 billion) to R20.92 billion ($1.2 billion).
This increase builds on an earlier run of gains between Aug. 7 and Aug. 25, when Mouton’s stake rose by $67.58 million. Over that stretch, his stake climbed from R20.46 billion ($1.17 billion) to R21.64 billion ($1.23 billion), reflecting steady buying interest in Capitec shares.
Capitec shares rise, market value grows
Capitec has evolved from a challenger lender into one of South Africa’s largest retail banks. Founded more than 20 years ago, it operates 856 branches and over 7,400 ATMs nationwide, serving millions of clients. A focus on simple products and digital services has supported customer retention, underpinning its appeal to local and international investors globally.
The retail bank’s shares have risen 10 percent over the past 50 days, climbing from R3,827.86 ($230) on Nov. 4 to R4,210.7 ($253). The gain lifted the bank’s market capitalization to more than $29 billion. A $100,000 investment at the start of 2025 would now be worth $134,340.
