Tshepo Mahloele, the South African billionaire investor behind Harith General Partners and Lebashe Investment Group, will receive approximately R356.88 million 22 million in dividends from Capitec Bank after the Stellenbosch-based lender reported a 22 jump in full-year profit and approved its largest-ever shareholder payout, according to the bank's financial results for the year ended February 28, 2026.
Capitec declared a total dividend of R9.27 billion 563 million, equivalent to R79.8 4.85 per share, to be paid on October 27. The payout reflects the bank's policy of distributing 55 of headline earnings, which rose to R16.8 billion 1.02 billion for the year, up from R13.75 billion 837 million in the prior period.
Mahloele's 22 million cut is lower than the R498.33 million 26 million he received in the previous year, and the reason is straightforward: he sold R840 million 51 million worth of Capitec shares in April 2026, reducing his shareholding from 6.59 to 4.47 million shares, or 3.85 of the bank. Even at the reduced position, his stake in one of South Africa's most consistently profitable banking franchises continues to generate significant passive income.
