South African tycoon Barry Swartzberg, co-founder of financial services group Discovery Limited, has seen a significant rise in the value of his stakegaining about 18 million in just 13 daysas the companys shares climbed on the Johannesburg Stock Exchange JSE.
Swartzberg stake rises to 351 million
Swartzberg owns 3.92 percent of Discovery, a holding that amounts to roughly 25.95 million shares. The recent rally pushed the market value of his stake from R5.65 billion 332.62 million to R5.97 billion 351.15 million, reflecting a gain of R314.83 million 18.53 million.