South African businessman Tshepo Mahloele has seen the market value of his stake in Capitec Bank, one of the continent's leading retail banks, hit 1.2 billion. This increase is driven by the surge in the bank's share price on the Johannesburg Stock Exchange JSE .
According to data tracked by Billionaires.Africa , Mahloele's stake in Capitec Bank has gained an additional R2.3 billion 126.36 million over the past three weeks. This pushes his holdings to R22.25 billion 1.22 billion and solidifies his position as one of South Africa's wealthiest individuals.
The recent surge in Mahloele's fortune builds on an earlier gain of 98.26 million recorded between June 10 and 16 , when his stake in Capitec Bank grew from R18.15 billion 988.86 million to R19.96 billion 1.08 billion.
Capitec Bank shares climb by 11.51 percentFounded in 1999, Capitec Bank has established a dominant position in the South African market over the past two decades. With a vast network of 850 branches and 7,400 ATMs, it ranks as a leading global retail banking brand.
