Capitec to pay $47.6 million to three South African shareholders

Key Points

• Capitec will pay $47.64 million in dividends to Le Roux, Mouton, and Fourie after strong earnings growth in fiscal 2025.
• Michiel le Roux leads payouts with $31.21 million, followed by Mouton with $14 million and Fourie with $2.43 million.
• Capitec’s $742.5 million profit fuels a $274.89 million total dividend, lifting its market capitalization to $20.64 billion.

Capitec Bank is set to reward three of its most influential figures, billionaire co-founder Michiel le Roux, PSG Group chairman Jannie Mouton, and outgoing CEO Gerrie Fourie, with a combined dividend payout of R891.13 million ($47.64 million) for the year ended Feb. 28, 2025.

The payout comes after another strong year for the Stellenbosch-based lender, which reported solid earnings growth and approved a final dividend of R44.25 ($2.38) per share, representing a 32.3 percent increase from the previous year. In total, Capitec will distribute R5.14 billion ($274.89 million) to shareholders, reflecting its continued strength in the retail banking market.

Biggest winners among Capitec’s shareholders

Of the three, Michiel le Roux, the bank’s billionaire co-founder and former CEO, will take home the largest share. Thanks to his 11.36 percent stake, he’ll receive R583.8 million ($31.21 million).

Jannie Mouton, founder of investment firm PSG Group and a longtime Capitec backer, will collect R261.86 million ($14 million) via the J.F. Mouton Familie Trust, which holds a 5.11 percent stake in the bank.

Gerrie Fourie, who will retire as CEO after the bank’s annual general meeting in July, is set to receive R45.47 million ($2.43 million) from his 0.89 percent holding—a parting gift from a bank he helped steer for nearly two decades.

Continued growth fuels strong returns

Capitec’s generous payouts reflect the strength of a business model that has struck a chord with South Africans. By offering simple, affordable banking, the bank has built a loyal following, and with 880 branches and over 7,400 ATMs across the country, it’s also one of the easiest banks to access.

The numbers back it up. For the year ending February 2025, Capitec posted a 30.1 percent jump in profit after tax, reaching $742.5 million. That performance was driven by steady growth in interest income, the continued rollout of its digital services, and growing demand for products like Capitec Connect.

Total assets climbed nearly 15 percent to R238.46 billion ($12.84 billion), while equity rose 17 percent to R50.91 billion ($2.74 billion)—a sign the bank is holding its own in an increasingly competitive market.

This strong performance also translated into sizable rewards for the bank’s biggest shareholders. The latest dividend brings the total payout for fiscal 2025 to R1.31 billion ($70.17 million), including the interim dividend of R20.85 ($1.12) per share issued in late 2024. That earlier payout alone brought in $22.53 million for the three top stakeholders.

But the boost didn’t stop there

Capitec’s rising share price has further lifted the fortunes of Michiel le Roux, Riaan Stassen Mouton, and CEO Gerrie Fourie. Since the start of the year, the stock has gained nearly 9 percent—from R3,116 to R3,384.03—raising the bank’s market value to R386 billion ($20.64 billion) and adding billions to their paper wealth.

Le Roux’s stake is now worth R44.65 billion ($2.39 billion), up R5.4 billion ($288.64 million) this year. Mouton’s holdings stand at R20.03 billion ($1.07 billion), while Fourie’s stake is valued at R3.48 billion ($186.07 million).