Capitec stock falls, South African billionaire Michiel Le Roux loses $70 million
Michiel Le Roux loses $70 million as Capitec Bank stock falls, but his $2.5 billion stake still signals long-term strength.
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Michiel Le Roux loses $70 million as Capitec Bank stock falls, but his $2.5 billion stake still signals long-term strength.
Capitec Bank's stock rally boosts Mouton's fortune, reinforces bank’s status as Africa’s leading retail bank.
Capitec’s longtime CEO Gerrie Fourie exits with $8.2 million payout after growing the bank into a $22.42 billion retail leader.
Graham Lee takes over as Capitec CEO as Gerrie Fourie steps aside, remaining an adviser to support the bank’s global and digital growth plans.
Michiel Le Roux’s Capitec stake climbs to $2.64 billion after a strong share rally, adding $105 million in two weeks.
Capitec’s stock surge boosts Mouton’s fortune and reaffirms investor confidence in South Africa’s leading retail bank.
Jannie Mouton gains $28 million in 24 days as Capitec shares rally, driven by digital-first banking and rising investor confidence on the JSE.
Michiel le Roux’s Capitec stake nears $2.5 billion after a strong share price rally on the Johannesburg Stock Exchange.
Capitec to pay $47.6 million to three South African shareholders
This reflects his role in steering the bank through a period of significant growth, strengthening its position as a leader in the country’s financial sector.
The rise in Jannie Mouton’s stake in Capitec Bank strengthens his position among South Africa’s billionaires.
This follows a recent rally in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).
This marks the end of more than a decade-long tenure in which he played a key role in transforming Capitec into the country’s leading digital bank.
This latest increase builds on an earlier gain of $185 million between Jan. 28 and Feb. 10, when his stake climbed from $2.08 billion to $2.27 billion.
Jannie Mouton’s Capitec Bank stake, which was valued at $1 billion on Feb. 26, has now dropped to $979.41 million.
Capitec Bank shares have edged up 1.07 percent since Jan. 1, despite an early dip in January.