Jannie Mouton’s Capitec Bank stake gains $209 million

Key Points

• Jannie Mouton’s stake surged by $209.1 million, driven by a 24.58% increase in Capitec Bank’s share price over 20 days.
• Capitec Bank posted a 30.1% profit growth for the fiscal year ending February 2025, reaching $742.5 million in profit.
• Mouton’s stake in Capitec now valued at $1.06 billion, reflecting strong investor confidence and boosting his position among South Africa’s top billionaires.

South African billionaire Jannie Mouton has seen a substantial increase in his wealth, thanks to a sharp rebound in the market value of his stake in Capitec Bank, one of Africa’s top retail banks.

Capitec Bank’s record profits boost Mouton

Mouton, who co-founded Capitec alongside Michiel Le Roux and Riaan Stassen, owns a 5.11 percent stake in the bank through the J.F. Mouton Familie Trust. Over the past 20 days, the value of his shares has jumped by R3.9 billion ($209.1 million), driven by renewed investor interest.

This surge comes after Capitec Bank announced record-breaking financial results for the fiscal year ending in February 2025. As a result, the bank’s shares soared more than 7 percent in the last trading session on the Johannesburg Stock Exchange (JSE), a clear sign of growing investor confidence.

Strong profit growth drives Capitec Bank forward

Capitec Bank, South Africa’s leading retail bank, has earned a reputation as a trusted retail banking brand, serving a large customer base with 856 branches and 7,436 ATMs across the country. Over the past two decades, the bank has firmly established itself as a staple in South African banking.

For the fiscal year ending February 2025, Capitec reported a notable 30.1 percent increase in profit after tax, reaching $742.5 million. This growth is attributed to strong interest income, the bank’s ongoing push into digital banking, and the success of value-added services like Capitec Connect.

Mouton’s stake surges by $209 million

The robust performance has sparked renewed investor confidence, with its shares rising by 24.58 percent in just 20 days. The stock price increased from R2,680.7 ($143.78) on April 4 to R3,339.49 ($179.11), pushing the bank’s market capitalization to nearly $21 billion and delivering solid returns to shareholders.

This surge has also boosted the value of Mouton’s stake by R3.9 billion ($209.1 million) in the last three weeks, increasing from R15.86 billion ($850.85 million) on April 4 to R19.76 billion ($1.06 billion). The rise in Mouton’s stake in Capitec Bank strengthens his position among South Africa’s billionaires.

Your money and your life

Despite broader market fluctuations, Capitec remains one of the JSE’s most valuable and high-performing stocks, posting a 6.55 percent gain year-to-date. A $100,000 investment at the start of the year would now be worth about $106,550, reflecting a solid profit of $6,550.