- Terrence Moolmans stake in Caxton CTP Publishers surged to 134.09 million, gaining 4.34 million in five days.
- Caxton CTP shares have risen 3.35 percent, increasing the companys market value to over 250 million on the Johannesburg Stock Exchange.
- A 100,000 investment in Caxton shares at the start of 2024 would now be worth 118,320, delivering an 18.32 percent return to investors.
South African media tycoon Terrence Moolman has experienced a notable surge in the market value of his holdings in Caxton CTP Publishers Limited, with his stake now exceeding 130 million. This surge is driven by the sustained rise in the shares of the leading publisher of books, newspapers, and magazines on the Johannesburg Stock Exchange JSE.
As the CEO and co-founder of Caxton CTP Publishers Ltd., Moolman holds a 51.84 percent direct and indirect stake in Caxton. The value of his stake has grown by R76.37 million 4.34 million in just 5 days, bringing his total holdings to 134.09 million.
This increase builds on a significant surge in Moolmans wealth between Sep.5 and Oct. 3 . During this period, the market value of his stake in Caxton jumped from R2.15 billion 120.35 million to R2.32 billion 129.58 million, marking an increase of 250 million.
Moolmans stake in Caxton CTP soars adding millions to his wealthCaxton , founded in 1980 by Terrence Moolman and Noel Coburn, has grown into a major player in South Africas publishing, printing, and packaging industries. It operates 88 newspapers, 15 magazines, and a range of printing and packaging businesses, cementing its role in the country's media landscape.
Caxton's shares have gained 3.35 percent over the past five days, rising to R12.66 from R12.25 on Oct. 17, pushing its market value above 250 million. The rally boosted Moolman's stake to R2.36 billion 134.09 million from R2.28 billion 129.75 million, adding R76.37 million 4.34 million in value.
