Terrence Moolman Caxton shares gain

Terrence Moolman, South African media mogul and multimillionaire investor, added about $17 million to his fortune in 2026 after a rally in Caxton & CTP Publishers shares on the Johannesburg Stock Exchange.

Moolman, who owns a commanding 53.46 percent direct and indirect stake in Caxton, has seen his stake in Caxton increase by R264.95 million ($16.61 million) in 2026. This substantial gain boosted his total holdings from R2.49 billion ($156.39 million) to R2.76 billion ($173 million), highlighting renewed investor interest in stable cash-generating media companies.

Caxton’s surge reinforces Terrence Moolman’s position
Founded in 1980, Caxton has grown into one of the country’s largest independent publishers, operating dozens of newspapers and magazines alongside printing and packaging divisions. The diversified structure provides recurring revenue even during weak advertising cycles.

Share performance boosts valuation
The company delivered a 10.62 percent return in 2026, pushing its market capitalization above R5.15 billion. The performance was driven by steady earnings and demand for packaging operations, which offset pressure in traditional print advertising.

Defensive media assets attract investors
Investors increasingly view publishing and packaging groups as defensive equities because they generate predictable cash flow and dividends. Caxton’s balance sheet strength and long operating history strengthened confidence in its earnings resilience.

Founder wealth rises with company value
With a 53.46 percent direct and indirect stake, Moolman remains the biggest beneficiary of the rally. The increase further cements his standing among South Africa’s prominent media investors and long-term business owners.