Terrence Moolman Makes 15 Million From Caxton Stake In 2024

South African media tycoon Terrence Moolman, the CEO and co-founder of Caxton CTP Publishers Ltd., has reaped substantial gains from his investment this year, as the companys shares deliver modest returns to investors.

Moolman, who holds a controlling 52.48 percent stake in the companyequivalent to 187,905,282 shareshas seen his holdings surge by R283.74 million 15.11 million since Jan. 1, pushing the total value of his stake to more than 122 million.

Caxton, founded in 1980 by Moolman and Noel Coburn, has grown into a leading force in South Africas publishing, printing, and packaging industries, operating 88 newspapers, 15 magazines, and various printing and packaging businesses.

This year, the companys share price on the Johannesburg Stock Exchange has risen by 14.11 percent, climbing from R10.7 0.57 on Jan. 1 to R12.21 0.65, lifting its market capitalization above 230 million and rewarding investors, including Moolman.

With the double digit percent increase Caxton shares, Moolmans stake in the company has surged in value, increasing from R2.01 billion 107.04 million at the start of the year to R2.29 billion 122.15 million, marking a gain of R283.74 million 15.11 million.