South African tycoon Terrence Moolman sees $9.2-million increase from Caxton shares
This gain brings his total holdings to nearly $130 million, reinforcing his position as a leading figure in South Africa's media industry.
This gain brings his total holdings to nearly $130 million, reinforcing his position as a leading figure in South Africa's media industry.
Profit fell from R751.88 million ($42.39 million) in 2023 to R657.36 million ($37.07 million), driven by rising costs, and subdued consumer spending.
This setback comes after a previous gain of $5.6 million recorded between April 3 and May 20.
As Caxton’s CEO and co-founder, Moolman holds a 51.84-percent stake in the company, equivalent to 186,262,725 shares.
This recent boost follows a period of decline between Feb. 6 and April 18, when Moolman’s stake in the company fell by R146.85 million ($7.66 million).
His astounding rise from an entry-level position to a key figure in the media tells a story of resilience, determination, and commitment.