Tag: Capitec Bank

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 loans from the coronavirus crisis, the first major...

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.

Contrarian Capitec still hiring, sees more room for growth

Capitec Bank reported a 20 per cent increase in half-year profit thanks to its customer base soaring. The bank obtained an average client growth of almost 200 000 clients per month over the last 6 months bringing the total number to 12.6 million. CNBC Africa is joined by the CEO, Gerrie Fourie to unpack the numbers.

South Africa’s Capitec profit meets expectations after jumping 20%

South African lender Capitec Bank on Thursday reported profit for the first half of the year grew 20%, in line with expectations, thanks to...

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 factual inaccuracies, misleading half-truths and sensationalist statements. Capitec says:...

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 to Capitec last month, questioning the lender’s policy...

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 at 10 am this morning and at no...

Capitec: The budget bank rattling South Africa’s financial sector

STELLENBOSCH, South Africa (Reuters) - A budget bank is booming in South Africa’s economic slump, challenging the decades-long dominance of the “big four” lenders and prompting a price war that is driving...
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