South African billionaire Jannie Mouton, the founder of PSG Group, has seen his stake in Capitec Bank surge to 1.3 billion, thanks to the recent rally in the banks shares on the Johannesburg Stock Exchange, reflecting sustained confidence in Africas leading retail lender.
Moutons Capitec stake gains 190 million
Moutons stake in Capitec is held through the J.F. Mouton Familie Trust, which controls 5.11 percent of the bank. Over the past 27 days, the value of that stake has grown by R3.26 billion 190.46 million, rising from R20.28 billion 1.19 billion to R23.54 billion 1.38 billion.