Terrence Moolman’s Caxton stake gains $7.7 million on JSE

South African media executive Terrence Moolman has notched another rise in the value of his holdings in Caxton & CTP Publishers and Printers, adding $7.7 million over the past six weeks as the company’s shares continued to firm on the Johannesburg Stock Exchange.

Moolman gains as Caxton shares rise

Moolman, who is the co-founder of Caxton & CTP, controls a 52.48 percent stake, equal to roughly 187.9 million shares. As the stock has inched higher, the market value of his holdings has moved from R2.41 billion ($142.78 million) to R2.54 billion ($150.44 million). That change represents an uplift of R129.65 million, or about $7.7 million, based on the latest closing price.

The company he built with longtime partner Noel Coburn has grown into one of South Africa’s top brands in publishing and commercial printing. It runs 88 community newspapers and 15 magazines and operates one of the largest packaging divisions in the country. Its scale has helped it keep a place in households and businesses across South Africa.

Caxton’s market cap climbs steadily

On the JSE, Caxton’s shares have climbed 5.37 percent since Oct. 27, rising from R12.85 ($0.7598) to R13.54 ($0.8006). The gain has propelled market cap to $285 million. The boost reflects that investors are starting to view the group as a more stable pick heading into the new year after months of quiet trading and uneven sentiment across the local media sector.

The stock is now up more than 10 percent since January. For long-term investors, the recovery has been notable. A $100,000 investment in Caxton shares on Jan. 1 would be worth $110,890 today, according to calculations based on current prices. The return is not dramatic by tech-stock standards, but it reflects growing confidence in a company that has spent decades printing newspapers, running presses and supporting community titles across South Africa.

Rising stake points to stable gains

For Moolman, the latest increase adds to an already large stake and reinforces his role in a business he has helped guide for more than four decades. For investors, it suggests that a company built on print operations and steady execution still has capacity to deliver returns, even as the market shifts toward digital consumption and changing advertising budgets.