Jannie Mouton’s Capitec stake tops $1.3 billion

South African billionaire Jannie Mouton, the founder of PSG Group, has seen his stake in Capitec Bank surge to $1.3 billion, thanks to the recent rally in the bank’s shares on the Johannesburg Stock Exchange, reflecting sustained confidence in Africa’s leading retail lender.

Mouton’s Capitec stake gains $190 million

Mouton’s stake in Capitec is held through the J.F. Mouton Familie Trust, which controls 5.11 percent of the bank. Over the past 27 days, the value of that stake has grown by R3.26 billion ($190.46 million), rising from R20.28 billion ($1.19 billion) to R23.54 billion ($1.38 billion).

The climb follows an earlier stretch of gains between June 23 and Sept. 16, when Mouton’s stake rose by $45.24 million from R20.14 billion ($1.16 billion) to R20.92 billion ($1.2 billion), underscoring steady demand for the bank’s shares.

Capitec’s rally lifts market cap above $27 billion

Capitec has become a household name in South Africa. What started more than two decades ago as a small retail bank has grown into one of the country’s most trusted financial institutions. Today, it has 856 branches, more than 7,400 ATMs, and millions of clients across the nation.

Its share price has surged 16.06 percent in just 27 days, rising from R3,427.03 ($200.43) on Oct. 2 to R3,977.30 ($232.62). That move has lifted the bank’s market capitalization to more than $27 billion, rewarding shareholders with substantial returns.

Shares are up nearly 27 percent

For investors, the rally has been rewarding. A $100,000 investment in Capitec at the start of 2025 would now be worth $126,890. For Mouton, the surge in his shares underscores his long-standing bet on the bank and his status as one of South Africa’s wealthiest investors.