Christopher Seabrooke gains $11 million from Sabvest stake

Key Points

• South African tycoon Christopher Seabrooke’s stake in Sabvest surges, adding $11 million to his wealth as the company’s shares soar.
• Sabvest Capital’s 2024 revenue skyrockets to $49.3 million, reversing last year’s losses and showcasing strong financial growth.
• Sabvest’s stock jumps 15%, boosting Seabrooke’s stake to nearly $86 million, signaling investor confidence and solid market performance.

South African businessman Christopher Seabrooke has seen a notable increase in his wealth, thanks to a sharp rise in the stock price of Sabvest Capital, where he holds a 41.7 percent stake. This surge has boosted the value of his holdings by over $11 million.

As the largest shareholder and CEO of Sabvest, Seabrooke owns 16 million shares in the investment holding company. His stake has recently gained R205.28 million ($11.14 million), reflecting growing investor confidence and the company’s strong performance in the market. This positive shift comes after a tough period earlier in the year when Seabrooke saw his wealth dip by $6.35 million due to a decline in the company’s stock price.

Sabvest shares surge after strong results

Sabvest Capital, a Sandton-based investment holding company, is involved in various investment activities, including finance advances and managing portfolios of listed debt, equity, and cash. The company also holds significant stakes in unlisted businesses and maintains long-term investments in both listed firms and offshore bond portfolios.

For the financial year ending 2024, Sabvest achieved a record revenue of R908.82 million ($49.3 million), a sharp increase from R5 million ($0.27 million) in 2023. Net income also bounced back to R899.29 million ($48.78 million), compared to a loss of R4.34 million ($0.24 million) the previous year.

Investors responded positively to these results, driving Sabvest’s shares up from R86.21 ($4.68) on March 14 to R99.04 ($5.37), pushing its market capitalization over $200 million. As a result, Seabrooke’s stake in Sabvest has grown to R1.58 billion ($85.97 million), up from R1.38 billion ($74.84 million), signaling a significant recovery for the company.

Sabvest stock soars 7.65% YTD, boosting investor returns

The recent surge in Sabvest’s stock price further highlights the company’s strong performance, with a 7.65 percent growth year-to-date. A $100,000 investment in Sabvest at the beginning of 2024 would now be worth $107,650, offering a solid return of $7,650.