South African billionaire Michiel Le Roux's Capitec Bank stake soars above $2.2 billion
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
Capitec Bank
Capitec Bank share decline costs South African billionaire Michiel Le Roux $31 million
This follows a $112.3 million loss between May 20 and June 3.
South African tycoon Tshepo Mahloele’s Capitec stake declines by $31 million in 48 hours
This follows a $24.84 million loss between May 10 and 28, when his stake declined from R19.3 billion ($1.05 billion) to R18.84 billion ($1.03 billion).
South African billionaire Michiel Le Roux’s Capitec Bank eyes international markets
This ambitious move follows its acquisition of Avafin, a Cyprus-based online lender with operations across Europe and Latin America.
South African billionaire Michiel Le Roux’s Capitec Bank stake drops below $1.5 billion
Michiel Le Roux, who owns 11.39 percent of Capitec Bank, or 13,190,043 shares, has seen the value of his stake decrease from $1.6 billion on May 20 to $1.49 billion.
South African billionaire Michiel Le Roux’s Capitec Bank hits 22 million active clients
Founded in 2001 by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, Capitec offers transactional banking services along with a suite of loan products