Michiel le Rouxs stake in Capitec Bank nears 2.5 billion, climbing by 247.25 million in 22 days, driven by a strong rally in the banks stock.
Capitec Banks profit after tax jumped 30.1 to 742.5 million, boosting its market value close to 22 billion.
Capitec shares have risen 11.06 since April 17, reinforcing Le Rouxs standing among Africas richest investors.
South African billionaire Michiel le Roux is enjoying a fresh boost to his fortune, thanks to a strong rally in Capitec Banks share price on the Johannesburg Stock Exchange . The surge has lifted the value of his stake close to 2.5 billion, further cementing his place among the countrys wealthiest investors.
Le Roux's Capitec Bank stake nears 2.5 billionLe Roux, who founded Capitec and once served as its CEO and chairman, owns 13,193,193 shares in the retail bank giving him an 11.36 percent stake. Over the past 22 days, the value of his shares has jumped by R4.51 billion 247.25 million, bringing his stakes total value closer to the 2.5 billion mark.
This follows strong gains earlier in April , when his stake increased by 296.42 million. At that time, the value of his shares grew from 1.88 billion to 2.17 billion. Together, these gains reflect not just Capitecs strong run on the market but also Le Rouxs lasting footprint in South Africas financial landscape.
Capitec profit surges, shares advanceCapitec Bank s success is no accident. The bank, which Le Roux co-founded with Jannie Mouton and Riaan Stassen, has grown into one of South Africas most trusted banking brands. With more than 850 branches and 7,400 ATMs across the country, it has built a loyal customer base and a strong grip on the retail banking market.
The retail banks latest results have given investors even more reason to cheer. For the fiscal year ending February 2025, Capitec posted a 30.1 percent jump in profit after tax , reaching 742.5 million. Solid interest income, a major push into digital banking, and the growth of services like Capitec Connect helped drive those numbers higher.