US EditionBarry Swartzberg loses $40 million from stake in Discovery
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Barry Swartzberg loses $40 million from stake in Discovery
Key PointsBarry Swartzberg’s Discovery Limited stake plunged by R776.82 million ($40.11 million) in 41 days, as shares of the financial services group declined sharply on the JSE.Discovery’s share price has fallen 14.13% since late February, dragging its market cap below $6.5 billion and eroding investor wealth.Despite the recent loss, Swartzberg remains one of South Africa’s wealthiest investors with a 3.92% stake in the financial services gian…
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