South African tycoon Barry Swartzberg, co-founder of Discovery Limited, has seen the value of his stake in the financial services group drop by 15.05 million in the past two weeks. The decline comes amid renewed caution on the Johannesburg Stock Exchange JSE, as global and domestic investors reassess risk.
Barry Swartzberg's Discovery stake slips as market sentiment softens
Swartzberg, a top figure in South Africas insurance and health-care industries, played a major role in shaping Discovery Healths operations, distribution networks and marketing strategy. He holds a 3.92-percent stake in the Sandton-based giant, amounting to 25,954,540 shares.
