Capitec ups earnings, customers

2013-03-27 14:28

Capitec says diluted headline earnings per share jumped 47% in the year to end-February, helped by a surge in fees and higher income from loans.

Absa glitch behind Capitec chaos

2013-01-07 14:50

Capitec Bank has confirmed that all transactions debited late on its clients’ accounts were made at Absa-supported card machines.

Capitec eyes overseas growth

2012-09-26 15:25

Capitec has plans “to internationalise” SA’s fastest-growing low cost bank in the long term and India is one of the markets it could enter, says its CEO.

Capitec unveils ATM cash recycler

2012-07-27 09:36

SA's youngest retail bank Capitec Bank has introduced an innovative ATM which recycles cash at its new concept branch in Stellenbosch.

22seven gets FNB nod

2012-02-15 07:39

First National Bank is the first of the big four banks to allow new financial management service 22seven access to clients' accounts.

Capitec to place 4.6m new shares

2011-10-31 12:03

Capitec Bank says it intends issuing up to 4.6 million new ordinary shares of 1c each to increase its footprint in SA and boost its client base.

Battle for the bottom

2011-07-07 00:00

By the time South Africa’s big banks realised they were missing out on a feeding frenzy at the bottom end of the banking market, Capitec had 2m clients and was growing aggressively, courtesy of the active marketing of its offering as being the cheapest in the country.

Whizz backs Brait

2011-06-23 00:00

If anyone’s been around the block a few times, it’s Christopher Seabrooke, the CEO of investment company Sabvest and non-executive director of Brait SA.

Capitec boasts 3 million clients

2011-06-03 12:08

South Africa's newest retail bank Capitec says its no-frills offerings have helped steady growth of its client base.

A R1bn acquisition?

2011-05-05 00:00

“Our focus remains to create wealth for our shareholders by increasing both PSG’s recurring headline earnings and SOTP (sum-of-the-parts) value per share. We remain committed to providing superior investment returns.”

An educated guess

2011-04-28 00:00

Will Curro Holdings – the private education group – prove as successful as Capitec Bank, the fast-growing mass banking initiative, for Stellenbosch-based investment group PSG?

Capitec earnings up 43%

2011-03-30 08:35

The banking group Capitec, which now has 2.8m clients, has hiked its dividend by 32%, but its profit came in slightly lower than expectations.

'Smart money’ sells at Capitec

2010-10-08 06:16

As the Capitec share price scales new heights, directors and some unit trusts are selling into strength.

FNB guns for Capitec

2010-10-03 12:06

First National Bank has become the first of SA’s big four banks to throw down the gauntlet to low-cost lender Capitec.

Get a high and steady income

2010-08-27 10:33

Preference shares have proved an efficient alternative investment for individuals seeking a relatively high and stable source of income.


I am not guilty, says ex-Capitec worker

2013-05-06 20:04

An ex-manager who is accused of obtaining crucial Capitec information to take with him to African Bank says he is not guilty of fraud, a court has heard.

Capitec forecasts higher earnings

2013-03-05 10:20

Capitec Bank shares surged more than 4% after the mass-market lender said that earnings for the year to end-February would rise by between 32% and 36%.

Transport strike hits ATMs

2012-09-28 16:00

Capitec has warned clients in an SMS that the transport strike is limiting cash to ATMs and advised them to use their cards to transact.

Capitec boosts profit, to raise R2.25bn

2012-09-26 08:43

Mass-market lender Capitec Bank says it aims to raise R2.25bn through a rights issue to boost lending and fund growth in its branch network.

Capitec profit jumps on credit boom

2012-03-28 09:25

Mass market lender Capitec Bank has reported a 50% surge in first-half earnings on strong demand for unsecured loans, and says it will open 55 new branches this year.

Capitec reveals pricing for 2012

2012-03-11 12:07

Capitec has released its bank fees for the year and there are a few changes, but the monthly administration fee remains unchanged.

The Capitec effect

2011-08-04 00:00

Having flooded middle and upper income earners with credit ahead of the implementation of the National Credit Act (NCA) in June 2007, new data shows South African lenders have significantly grown their high margin unsecured lending books over the past year.

Three must haves

2011-06-23 00:00

There are few investment classes that inspire more pub talk than small capitalisation shares. The talk of the elusive next “10 bagger” always seems to drown out the stories of money lost on the investment the market never quite seemed to “value correctly”.

Market mayhem

2011-06-09 00:00

If you haven’t been participating in the whipsaw excitement of the mining and resources sectors over the past few months then the other sector that’s produced some incredible thrills and spills has been that of the listed micro-lenders.

SA’s biggest blunders

2011-05-12 00:00

The first decade of the 21st Century has witnessed its fair share of blunders that have affected South Africa’s business sector. None of those we list have been fatal – not yet at least.

Cashing in on his true worth

2011-04-14 00:00

Not a lot of transactions in the directors’ dealings table this week, but there are a handful of rather large transactions that might warrant some market interest.

Only 9% switch banks: study

2011-02-25 09:44

Despite countless complaints and threats to switch banks, a new study has found that only 9% of South Africans have done so over the past 12 to 18 months.

‘New’ ubank disappoints on fees

2010-10-06 06:28

Teba, which traditionally serves mine workers and has 500 000 clients, has rebranded itself, but its fees probably won’t appeal to its target market.

Bad debts balloon at Capitec

2010-09-29 08:31

Capitec produced a 58% improvement in earnings but impairments - bad debts written off - increased by almost as much.

Get a high and steady income

2010-08-27 10:33

Preference shares have proved an efficient alternative investment for individuals seeking a relatively high and stable source of income.

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