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Wealth Intelligence: Borrowed Billions — How Lebashe Ended Up Sitting on $2.5 Billion of Capitec Shares It Bought With Debt, and Why the Number Misleads

Lebashe sits on $2.5 billion of Capitec shares — bought with borrowed money and pledged to two banks as collateral. The week Dangote's fortune jumped $23 billion on a filing, it's the counter-lesson: a headline number and a real fortune are not the same thing. Gross vs. net.

,   and  Mfonobong Nsehe
5 min read
Wealth Intelligence: Borrowed Billions — How Lebashe Ended Up Sitting on $2.5 Billion of Capitec Shares It Bought With Debt, and Why the Number Misleads

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