South African billionaire Jannie Mouton’s Capitec stake exceeds $2 billion

South African billionaire Jannie Mouton, founder of PSG Group and co-founder of Capitec, has seen the value of his stake in Capitec Bank exceed $2 billion after a substantial surge in the lender’s shares due to a sustained rally on the Johannesburg Stock Exchange (JSE). 

The gain highlights sustained investor confidence in Capitec, reinforcing its position among South Africa’s most valuable financial institutions.

PSG founder stake exceeds $2 billion amid sustained rally

Mouton’s net worth has climbed by more than $250 million following a sustained rally on the South African bourse, pushing the stake of Mouton, who co-founded Capitec Bank alongside Michiel Le Roux and Riaan Stassen, to exceed the $2 billion mark.

As the fourth-largest shareholder and one of the founders of Capitec, Mouton wields considerable influence, holding a 6.07% stake through the J.F. Mouton Familie Trust, which amounts to more than 7 million shares in the Stellenbosch-based digital-first lender. Since the beginning of the year 2026, his stake has increased by R4.04 billion ($253.45 million), reinforcing his standing as a titan of South Africa’s financial sector. 

Capitec shows strong performance on JSE

Founded in 2001 by Le Roux, Jannie Mouton and Riaan Stassen, Capitec has grown from a small retail player into one of South Africa’s largest banks, serving millions of customers with savings, loans, and everyday banking services. It has stuck to a clear formula: low fees, digital-first banking, and a deep focus on customer needs. With 856 branches and more than 7,400 ATMs, the bank has managed to pair high-tech efficiency with real-world reach, an approach that continues to win over both users and investors.

Capitec announced a dividend of R9.27 billion ($563.04 million) for the fiscal year ended Feb. 28, 2026, a 22.58% increase from the prior year. This dividend, which equates to R79.8 ($4.85) per share, with the distribution scheduled for Oct. 27, is in line with Capitec’s ordinary dividend policy, paying out 55% of R16.8 billion ($1.02 billion) in headline earnings. His stake means he will receive R562.11 million ($27 million), up from the R385.24 million ($23.37 million) he collected from last year’s dividend.

According to data tracked by Shore Africa, the market value of Mouton’s stake in Capitec has climbed by R4.04 billion ($253.45 million) over the past 170 days, reflecting growing investor confidence in the Stellenbosch-based lender and sustained accumulation of its shares.

Capitec shares surge 14%, pushing market cap to $33.62 billion

Capitec concluded its 2026 reporting year on a strong note, posting a profit of R16.84 billion ($1.02 billion), up nearly 22.46% from the prior year’s R13.75 billion ($837.1 million). The increase was helped by higher lending activity, stronger fee income, and continued uptake of digital services, even as consumers faced pressure from higher living costs.

Net interest income rose 19% to R24.1 billion ($1.46 billion), supported by increased lending across both the consumer and small-business segments. Capitec Holdings’ share on the Johannesburg Stock Exchange continues to maintain its bullish nature over the past 170 days, climbing from R4,189.5 ($254.81) at the start of the year to R4,762.67 ($289.67) at the time of writing. The surge has lifted the group’s market capitalization to R553 billion ($33.62 billion).

Mouton’s stake in Capitec Holding nears $2 billion

Due to the 13.68% increase in Rands, equivalent to 14.19% increase in U.S. dollar terms in the group’s share price, the market value of the stake held by Mouton has risen by R4.04 billion ($253.45 million) since the start of the year, from R29.51 billion ($1.79 billion) on January 1 to R33.55 billion ($2.04 billion) at the time of reporting. 

This surge in his stake in Capitec Holdings, which contributes significantly to his $2.6 billion fortune as estimated by Forbes, solidifies his position as one of the high-value investors on the Johannesburg Stock Exchange and one of the country’s wealthiest individuals.