in ,

South African Mogul Gerrie Fourie Earns $8.6 Million in Just 65 Days

Gerrie Fourie, a South African banking executive, has watched the market value of his investment in Capitec Bank climb significantly as the group’s shares on the Johannesburg Stock Exchange (JSE) have risen steadily.

Gerrie Fourie’s stake in Capitec Bank has increased by R2.16 billion ($8.63 million) in the last 65 days, cementing his position among South Africa’s top executives.

Capitec Bank, founded 20 years ago by South African billionaire Michiel Le Roux and distinguished businessmen Jannie Mouton and Riaan Stassen, has risen to prominence as a leading retail bank, providing a wide range of services, including transactional banking and a variety of loan products such as term loans, credit facilities, and credit cards.

Capitec Bank’s share price on the JSE has increased by 8.09 percent, from R1944.91 ($103.879) on Jan. 4 to R2102.22 ($112.282) at the time of this publication, bringing its market value above $13 billion.

Gerrie Fourie, Capitec Bank’s CEO, owns a 0.89 percent ownership in the leading retail bank, which is equivalent to 1,027,673 ordinary shares. As a result, he is one of the country’s wealthiest bankers and one of its most successful investors.

The jump in the group’s share price over the last 65 days has increased the market value of Fourie’s holding in Capitec Bank from R1.99 billion ($106.75 million) on January 4 to R2.16 billion ($115.39 million) as of the time of writing.

Gerrie Fourie’s gain cements his position as one of South Africa’s wealthiest executives and investors on the Johannesburg Stock Exchange.

Leave a Reply

Your email address will not be published. Required fields are marked *

S. African Mogul Tshepo Mahloele Earns $38.5M from Capitec in 3 Days

Zak Calisto Earns $41.7 Million from Karooooo Investment in South Africa