Terrence Moolmans stake in Caxton has fallen by 7.06 million over the past 65 days as shares dropped 5.35 on the JSE.
Caxton stock is down 2.95 year-to-date, cutting a 100,000 investment at the start of the year to roughly 97,050.
Gains from February, which had briefly lifted Moolmans stake by 4.06 million, have now been wiped out.
South African media mogul Terrence Moolman has taken a noticeable knock to his wealth, as shares of Caxton CTP Publishers and Printers Limited JSE: CAT continue to lose ground on the Johannesburg Stock Exchange JSE.
Moolman, the CEO and co-founder of Caxton, holds a 52.48 percent stakeequivalent to 187.91 million shares. Over the past 65 trading days, the value of his stake has dropped by R125.9 million 7.06 million, bringing it down to 124.85 million, according to market data.
Back in February, things looked more upbeat. Caxton shares had briefly climbed to R12.52, pushing the value of Moolmans stake up by 4.06 million in just under a week. But that gain has now been erased, showing how quickly market sentiment can shift in the media space.
Investors take a step back as sector challenges mountCaxton, founded by Moolman and business partner Noel Coburn, has long been a major player in South Africas media and packaging scene. The company runs 88 local newspapers and 15 magazines, along with a sizable commercial printing and packaging operation.
But recent months have been rough. Investor interest in legacy media stocks has waned, and broader market signals havent helped. Caxton shares are down 5.35 percent since March 20, falling from R12.52 0.7020 to R11.85 0.6644, wiping tens of millions off the companys total market value, which now sits below 240 million.