South African businessman Piet Mouton, chair of PSG Group, and his associates acquired Capitec shares valued at R1.5 billion ($91.5 million) this week, following the delisting of Curro Holdings. Mouton personally acquired 1,688 shares price simply over R7 million ($427,000).
The biggest portion—281,176 shares—was allotted to the JF Mouton Familietrust, the place Mouton serves as trustee and beneficiary. These shares are held throughout a number of entities, together with JFM Investments, My Favorite Beleggings, Jan Mouton Beleggings, and Piet Mouton Beleggings. These shares are valued at R1.176 billion ($71.7 million) on the time of writing.
Earlier this week, Curro confirmed shareholders would receive Capitec Bank Holdings and PSG Monetary Providers shares as a part of the acquisition by the Jannie Mouton Stigting (Basis). As soon as full, Curro will delist from the Johannesburg Inventory Alternate, ending public buying and selling of its shares. Curro, based in 1998, supplies unbiased faculty training to greater than 72,000 learners throughout 182 colleges in South Africa and different focused African markets.
Mouton recuses from Curro selections
The muse held 104.6 million Curro shares—18.5 % of the corporate—when it made the takeover supply on August 27, 2025, up from 86.7 million on the finish of 2024. Based on an October transaction round, the belief acquired 23.5 million shares between April 10 and Might 2. The timing, simply months earlier than the takeover proposal, has drawn some criticism.
Mouton mentioned in December that whereas he’s a trustee, he recuses himself from funding selections in firms the place he serves as a director, together with Curro, the place he was beforehand chair. Jan Mouton mentioned the concept to make use of Curro for the inspiration emerged on Might 17, almost three weeks after the belief acquired the shares.
Household Trusts share in Capitec windfall
Klipbank Beleggings, led by Mouton, acquired R134 million ($8.2 million) in Capitec shares, together with a portion to switch beforehand held Curro shares serving as safety for a R65 million ($4 million) facility. Jufrapi Investments, an analogous entity, acquired R111.4 million ($6.8 million).
Members of the family additionally benefited: Stephanie Mouton acquired R2 million ($122,000) in shares, whereas the Juan Mouton Belief, Francois Fouche Mouton Belief, and Pieter Mouton Belief collectively acquired R31.6 million ($1.9 million). The Stephanie Mouton Belief and Dana Mouton Belief acquired shares valued at R9.4 million ($573,600).
Capitec chair Santie Botha acquired R4.9 million ($299,000) in shares, whereas non-executive director Chris Otto acquired one share. Capitec’s chief danger officer, Ismail Moola, acquired 4 shares. The muse provided R13 ($0.8) per Curro share it didn’t already personal in a R7.2 billion ($439.3 million) acquisition, settled in a mixture of Capitec and PSG Monetary Providers shares, with a small money portion.
