KEY POINTS
- Terrence Moolman Caxton stake rose by about $7.7 million as Caxton & CTP shares climbed on the JSE.
- Caxton’s market cap reached roughly $285 million, reflecting renewed investor confidence in the group.
- The gain underscores resilience in print and packaging revenues even as the media sector shifts digital.
South African media executive Terrence Moolman has recorded another increase in the value of his holdings in Caxton & CTP Publishers and Printers, with an additional $7.7 million gained over the past six weeks.
The company’s share price has continued its upward trend on the Johannesburg Stock Exchange, pushing the value of Moolman’s 52.48 percent stake higher.
Moolman controls roughly 187.9 million shares. The market value of his holdings has risen from R2.41 billion ($142.78 million) to R2.54 billion ($150.44 million), representing an increase of R129.65 million (about $7.7 million) based on the latest closing price.
Founded alongside longtime business partner Noel Coburn, Caxton & CTP has evolved into one of South Africa’s leading names in publishing, commercial printing, and packaging. While the group operates 88 community newspapers, 15 magazines, and one of the country’s largest packaging businesses.
Caxton’s stock strengthens on improved sentiment
Caxton shares have climbed 5.37 percent since Oct. 27, rising from R12.85 ($0.7598) to R13.54 ($0.8006). The company’s market capitalization now stands at roughly $285 million.
Furthermore, the uptrend signals improving investor confidence as the group positions itself as a stable performer amid uneven sentiment in South Africa’s media and printing sector. The stock has gained more than 10 percent since January. If you had put $100,000 into anything on January 1, it would be worth about $110,890 now. The returns are modest compared to high-growth sectors, but they show that the company has good foundations based on decades of consistent operations.
According to Billionaires Africa, the most recent rise in value adds to Moolman’s already large interest in the company he has helped run for more than 40 years. For investors, the performance shows that traditional print and packaging businesses can continue make steady profits even as digital media changes, as long as they have good management and a variety of revenue streams.
