Tag: Gerrie Fourie
Capitec’s headline earnings per share dropped 78 per cent, as the bank suffered from the effects of COVID-19.
Capitec will not pay a final dividend to shareholders. Nor will the banks executives receive cash bonuses or salary increases. This is in line with guidance from South Africa’s Reserve Bank that banks preserve cash for increased lending that may be required due to COVID-19. Capitec CEO, Gerrie Fourie joins CNBC Africa for more.
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.