South African billionaire Michiel Le Roux’s stake in Capitec Bank surges above $1.7 billion
The billionaire has recorded an impressive $149-million surge in the value of his stake in the past 16 days.
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The billionaire has recorded an impressive $149-million surge in the value of his stake in the past 16 days.
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Du Plessis co-founded Capitec Bank in 2001.
Le Roux owns 11.41 percent of the leading banking group.
The 73-year-old businessman who founded Capitec Bank owns a sizeable 11.41 percent stake in the bank.
Fourie, the current CEO of Capitec Bank, has received millions of dollars in compensation from the bank since joining the leading financial services provider in 2014.
Capitec Bank was founded 20 years ago by Le Roux and leading businessmen Jannie Mouton and Riaan Stassen.
Du Plessis owns a beneficial 0.008-percent stake in the company, totaling 917,976 shares.
The shares of the leading South African lender have increased by more than 20 percent since April 1.