Capitec reports headline earnings growth of 23% to R16.8 billion, celebrates R1 billion in client savings, and enters its next chapter as a diversified financial services group…
For the millions of jobless people, this discussion is trivial
TymeBank, Bank Zero and Capitec are all looking for ways to woo businesses – including SMMEs – on to their books
The African Bank, which relied on unsecured lending, has diversified its product offerings
Tshegofatso Makgabutlane always dreamed of having her own car. By budgeting carefully and using credit responsibly, her dream became a reality
Analysts say the rebranded banking giant needs more than just a fresh logo to regain market share
The bank on Wednesday morning reiterated that it had not been contacted by the NCR
The Reserve Bank placed the African Bank under curatorship in 2014
The bank reported an 18% jump in headline earnings boosted by client growth and fee income
Ismail Momoniat said the status of Viceroy as a company made it difficult for South Africa to hold its report responsible.
Capitec stock fell by about 20% when Viceroy Research released a report claiming that Capitec bank “is a wolf in a sheep’s clothing and a loan shark”
In a new 33-page report, published and uploaded to the Viceroy website, the short sellers said they did not buy Capitec’s ‘good news story’.
"We have limited credit extension to lower income earners," the bank said in a statement accompanying its results.
Capitec is winning market share with its attractive offerings, and shaking up the sector.
Moody’s ratings downgrade of South Africa’s four big banks cast the rescue of African Bank in a very different light.
Capitec Bank has come out fighting against what it believes is a kneejerk downgrade of its credit rating in the wake of the African Bank’s collapse.
The country’s second largest lender of unsecured loans is setting aside more money for bad debt as mine strikes and a slow economy hit consumers.
Growth in unsecured lending and a repricing of mortgages helped boost Standard Bank’s interest income.
Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.
Old Mutual has halted bond purchases from unsecured lenders, while Futuregrowth Asset Management will "wind down’ holdings of bonds with the lenders.
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