- Barry Swartzbergs stake in Discovery Limited has risen by 43.3 million, pushing its value above 260 million in just 46 days.
- Discoverys shares surged 19.85 on the JSE, driving the groups market cap closer to 7 billion and benefiting shareholders.
- The company has achieved a year-to-date gain of 28.9, turning a 100,000 investment into 128,897.
South African businessman, Barry Swartzberg, has strengthened his position among the countrys top businessmen with his 3.92 percent stake in the Sandton-based insurer, Discovery Limited, surging above 260 million, driven by stock gains on the Johannesburg Stock Exchange JSE.
Recent rally elevates Swartzbergs fortuneDiscoverys stock has climbed 19.85 percent on the JSE over the past 46 days, rising from R148.46 8.4 on Sept. 11 to R177.93 10.1. This surge has dragged the companys market capitalization near to the 7 billion milestone.
Swartzberg, the co-founder of the Sandton-based financial services giant, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
In the last 46 days, the value of his stake has increased by R764.9 million 43.3 million, rising from R3.85 billion 218.12 million on Sept.11 to R4.62 billion 261.41 million.
This follows an earlier 15 million gain between July 23 and August 16 , when the market value of his holdings increased from R3.49 billion 193.7 million to R3.76 billion 208.7 million.
