Capitec

South Africa’s Capitec forecasts 70% profit fall in blow to shares

(Reuters) - Capitec Bank forecast a fall of at least 70% in first-half earnings on Friday due to a spike in bad...

SA’s PSG Group considers unbundling stake in Capitec Bank

Investment holding firm PSG Group Ltd said on Wednesday it was “seriously considering” separating its stake in Capitec Bank to avoid an increase in administrative burden under a new legislation that may deem it a status of financial conglomerate.

South Africa’s Capitec says full-year profits rise by 19%, skips dividend

South African lender Capitec said on Tuesday it would not pay a dividend for its full year, although profits rose by 19%, in line with guidance from the country’s central bank to scrap payouts amid the coronavirus outbreak.

South African Reserve Bank confirms it has referred Capitec to the credit regulator for investigation

The South African Reserve Bank confirmed in an emailed statement to CNBC Africa that it has referred Capitec to the National Credit Regulator.

Capitec Bank opens its doors to Viceroy

By: Capitec Bank Capitec Bank has responded to the latest allegations by American short-seller, Viceroy Research Group, saying its new report is again filled with...

Viceroy responds to Capitec

By: Viceroy Research   On January 30, 2018 Viceroy Research released our report on Capitec citing a need for large impairments and regulatory intervention. The issues expressed...

Why Capitec remains Africa’s strongest banking brand

Why Capitec remains Africa’s strongest banking brand

Viceroy’s report on Capitec is flawed – S&P

S&P Global Ratings said yesterday that its ratings on Capitec Bank was not affected by the investment report published by Viceroy Research on January 30th or by the market's reaction to the report. S&P has Capitec ranked at BB, or speculative, with a stable outlook in line with sovereign rating. Matthew Pirnie, Primary Credit Analyst at S&P Global joins CNBC Africa for more.

South Africa’s Capitec dismisses Benguela global fund report

South African lender Capitec Bank Holdings dismissed Benguela Global Fund Managers’ letter on Thursday, which had raised concerns about the lender’s business practices. Benguela wrote...

Capitec Bank Responds Quickly and Strongly Refutes Viceroy Claims

By: Capitec Bank Capitec Bank is deeply concerned about the integrity of a report by Viceroy Research. We received a copy of the Viceroy research report...

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