South African tycoon Christopher Seabrooke has seen the value of his portfolio climb sharply after shares in Sabvest Capital rallied on the Johannesburg Stock Exchange. The rebound has lifted his stake in Sabvest Capital by more than 15 million, to nearly 100 million.
Seabrookes stake sees strong recovery
Seabrooke, who is the largest shareholder, controls a 41.7 percent stake in the investment holding company, equal to about 16 million shares. That position has gained R272 million 15.7 million in recent weeks, underscoring renewed investor confidence in the groups performance.