Tshepo Mahloele, a South African business entrepreneur, has seen a stunning spike in the market value of his shareholding in Capitec Bank Holdings Limited, following a significant increase in the renowned bank’s share price on the Johannesburg Stock Exchange.
Mahloele’s share has risen significantly by R721.39 million ($38.52 million) in just three days, reflecting increased investor interest in the top banking institution.
Capitec Bank, founded in 1999 by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, has built a strong customer base over the last two decades. With a network of over 850 branches and 7,400 ATMs in South Africa, the bank has emerged as one of the world’s leading retail banking companies.
Capitec Bank shares on the Johannesburg Stock Exchange have risen by 4.25 percent in the last three days, from R2,016.44 ($107.66) on March 5 to R2,102.22 ($112.24) at the time of this report, pushing the bank’s market capitalization above $13 billion and delivering significant gains to shareholders.
Mahloele, the chairman and founder of Lebashe Investment Holding, owns an indirect 7.26 percent ownership in Capitec Bank, which equates to 8,409,802 ordinary shares, solidifying his status as one of South Africa’s leading businesspeople and investors.
Mahloele’s shareholding in Capitec Bank has increased by R721.39 million ($38.52 million) since March 5, from R16.96 billion ($905.46 million) to R17.68 billion ($943.97 million) at the time of writing.
This $38.5-million increase in his ownership in Capitec Bank solidifies his position as one of the wealthiest investors on the Johannesburg Stock Exchange, underscoring his powerful role as a major figure in South Africa’s opulent billionaire banking environment.
