South African banker Johan Burger, a veteran of the countrys banking industry, has seen the value of his stake in FirstRand Limited rise by more than 5 million as shares in the financial services group rally on the Johannesburg Stock Exchange JSE.
Burger, who led the lender as chief executive officer before stepping down to serve as a non-executive director, holds about 6 million shares, equal to a 0.11 percent stake in FirstRand. Over the past six months, the market value of his holdings has climbed from roughly 18.6 million to 24 million, representing a gain of about R87.3 million 5.04 million.
FirstRands rise strengthens shareholder returns