South Africa’s Capitec dismisses Benguela global fund report

PUBLISHED: Fri, 02 Feb 2018 11:32:15 GMT
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South African lender Capitec Bank Holdings dismissed Benguela Global Fund Managers’ letter on Thursday, which had raised concerns about the lender’s business practices.

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Benguela wrote to Capitec last month, questioning the lender’s policy on rescheduling problem loans, the South African fund manager said in a statement to its clients seen by Reuters on Wednesday.