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This decline comes after a strong 2024 performance that saw Mouton’s stake gain $350 million, soaring from over $650 million to beyond $1 billion.
Capitec’s strong returns have solidified its position as one of the JSE’s top performers in 2024, offering a 56.29 percent return year-to-date.
Over the past 12 weeks, Mouton’s stake has increased by R3.02 billion ($173.13 million), rising above the $1-billion mark.
Total income increased by 13.04 percent to $186.28 million, driven by improved customer activity and market-linked revenue streams.
This comes on the heels of a $94 million gain recorded between April 17 and May 4 when the market value of his stake surged from $646.08 million to $740.15 million.
Mouton, one of the co-founders of Capitec Bank, owns a 5.11-percent stake in the bank through the J.F. Mouton Familietrust.
PSG Group is a holding company, with positions in banking, education, finance, and consumer goods. The South African Mouton family owns 24.5 percent of the company.
Despite the recent setback, Mouton still holds his position as one of the most affluent investors on the JSE and remains one of the wealthiest individuals in South Africa.
This surge in Mouton’s stake solidifies his spot among the most affluent investors on the JSE.
This significant rise in Mouton’s stake reinforces his standing as one of the most affluent investors on the Johannesburg Stock Exchange
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen. He presently owns a 5.11-percent stake in the leading retail bank.
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
South African billionaire Jannie Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
Mouton owns a 5.11-percent stake in Capitec Bank, equivalent to 6,034,518 shares, through his Jf Mouton Familietrust.