Name
Michiel Le Roux
Michiel Le Roux
Stellenbosch, South Africa
South Africa
banking, Self Made
$1,200,000,000
1818
#1818 Billionaires 2019
#19 Africa's Billionaires 2019
Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake.The bank, which trades on the Johannesburg Stock Exchange, targets South Africa's emerging middle class. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Le Roux previously ran Boland Bank, a small regional bank in Cape Town's hinterland.
The bank has more than 800 branches and over 13,000 employees.Fellow South African Jannie Mouton's PSG Group owns a 30% stake in Capitec Bank.
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