South African media veteran Terrence Moolman has seen a sharp rise in the market value of his stake in Caxton CTP Publishers Ltd., after the companys shares gained ground on the Johannesburg Stock Exchange over the past six weeks.
Moolman rebounds with 148 million stake
Moolman, who co-founded and still leads the publishing and printing group, owns a 52.48-percent shareholdingequal to 187.9 million shares. He has gained R507.3 million 29.2 million over the past 6 weeks, lifting his stake to roughly R2.57 billion 148.2 million.