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Terrence Moolman’s Caxton Stake Surpasses $130 Million

Terrence Moolman, a South African media magnate, has seen a significant increase in the market value of his Caxton & CTP Publishers Limited holdings, which now surpass $130 million. The steady rise in the shares of the major book, newspaper, and magazine publisher on the Johannesburg Stock Exchange (JSE) is driving this surge.

Moolman, the CEO and co-founder of Caxton & CTP Publishers Ltd., owns 51.84 percent of the company, both directly and indirectly. In just five days, the value of his stock increased by R76.37 million ($4.34 million), bringing his total holdings to $134.09 million.

Moolman’s fortune increased significantly between September 5 and October 3. During this time, the market value of his Caxton investment increased from R2.15 billion (120.35 million) to R2.32 billion (129.58 million), a $250 million gain.

Terrence Moolman and Noel Coburn created Caxton in 1980, and it has grown to become a key participant in South Africa’s publishing, printing, and packaging industries. It owns 88 newspapers, 15 magazines, and a variety of printing and packaging firms, firmly establishing its position in the country’s media scene.

Caxton’s shares have risen 3.35 percent in the last five days, to R12.66 from R12.25 on October 17, bringing its market value above $250 million. The rise increased the value of Moolman’s stake to R2.36 billion ($134.09 million) from R2.28 billion ($129.75 million), a gain of R76.37 million ($4.34 million).

The recent advances in Caxton’s stock not only strengthen Moolman’s position as one of South Africa’s wealthiest investors, but also demonstrate his power in the media sector. His direct involvement and strategic leadership in the organization have contributed significantly to its long-term success.

Caxton’s shares have returned 18.32 percent to investors this year, putting the company among the top performers in the market. A $100,000 investment in its stock at the beginning of the year is now worth $118,320, signifying a profit of $18,320.

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