South African billionaire Jannie Mouton admits the Capitec mistake that cost PSG $1.4 billion

Billionaires.Africa 47 h Botswana

Jannie Mouton has admitted that unbundling PSG's 58% Capitec stake in 2003 was one of the costliest mistakes in South African investment history, a decision that cost the company $1.4 billion in future returns before a fortunate re-entry partially rescued the position.

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