South African mogul Terrence Moolman gains $29 million from Caxton shares

South African media veteran Terrence Moolman has seen a sharp rise in the market value of his stake in Caxton & CTP Publishers Ltd., after the company’s shares gained ground on the Johannesburg Stock Exchange over the past six weeks.

Moolman rebounds with $148 million stake

Moolman, who co-founded and still leads the publishing and printing group, owns a 52.48-percent shareholding—equal to 187.9 million shares. He has gained R507.3 million ($29.2 million) over the past 6 weeks, lifting his stake to roughly R2.57 billion ($148.2 million).

The gain marks a turnaround from earlier in the year, when Caxton’s stock came under pressure amid broader market uncertainty. Between March and late May, the company’s share price dropped by about R126 million ($7.06 million). That dip brought the value of his holdings down to R2.23 billion ($124.8 million) before the latest recovery began.

Caxton stock climbs on renewed optimism

Founded by Moolman and longtime partner Noel Coburn, Caxton & CTP is one of South Africa’s most established media and packaging companies. The group operates across newspapers, magazines, and commercial printing, with 88 community newspapers, 15 magazine titles, and one of the country’s largest packaging facilities under its umbrella.

The recent rally in Caxton’s stock reflects renewed investor confidence. Over the past month, its share price has climbed from R11 ($0.63) on Sept. 9 to R13.70 ($0.79), pushing the company’s market capitalization to more than R4.7 billion ($270 million). For shareholders, the increase offers a sign that the market may be warming again to South African print and packaging businesses, which have faced years of pressure from digital competition and rising costs.

Caxton shares are up over 12 percent year-to-date

With Caxton’s stock up 12.2 percent year to date, the latest rise signals renewed investor interest. A $100,000 investment in the company’s shares at the start of 2025 would now be worth about $112,200, reflecting steady recovery after months of weakness.

Moolman’s growing stake highlights his steady leadership in a shifting media landscape. His long-term strategy and leadership have kept Caxton resilient amid changing consumer habits, with the rebound underscoring investor confidence in the company’s direction.