South African tycoon Niall Lynch gains $10 million from Motus
South African tycoon Niall Lynch’s Motus stake rises above $31 million as shares climb 50% on renewed investor confidence and global expansion.
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South African tycoon Niall Lynch’s Motus stake rises above $31 million as shares climb 50% on renewed investor confidence and global expansion.
Lynch’s 2023 compensation package reflects a 53.69-percent increase compared to the previous year’s total reward of R11.81 million ($0.62 million).
The $7.55-million loss came off the back of a sell-down in the company’s share.
Motus Holdings is South Africa’s exclusive importer and distributor of Hyundai and Mitsubishi automobiles.