Showers late. Morning clouds. Mild.
The group's sum-of-the-parts value amounted to R259.56 per PSG Group share. By 11 October 2019 it was R299.57 per share.
FNB also plans to revamp 29 of its branches.
A Transnet pension fund has accused Capitec Bank of setting itself up to benefit from state capture abuses by blocking a major settlement for Transnet pensioners. Capitec says it is defending its empowerment credentials, but the pension fund says it is trying to take unfair advantage.
The CEO of Capitec has advice for President Cyril Ramaphosa: rally everyone around the goal of uplifting economic growth.
An extensive investigation into illegal debit order scams involving the country’s major commercial banks has revealed the existence of organised crime syndicates seemingly operating on a massive scale.
There will always be competitors in the banking sector, but one can use challenges as opportunities, Capitec CEO Gerrie Fourie tells Fin24.
Capitec Bank has come out tops for the 6th year in a row in the annual Consulta SA Customer Satisfaction Index for banking.
Capitec has lowered the minimum value that triggers an SMS notification for clients to be made aware of small debit orders from their accounts in an effort to fight unauthorised transactions.
Viceroy Research, is profiting unethically from its reports and has escaped sanctions from local regulators because it is domiciled elsewhere, said Reserve Bank Governor Lesetja Kganyago.
The Portuguese Council of Ministers has approved the sale by Caixa Geral de Depósitos of its entire stake in Mercantile Bank to Capitec Bank.
Capitec's acquisition of Mercantile Business Bank has been formally approved by Minister of Finance Tito Mboweni and other regulatory authorities.
But Capitec is still opposing a deal with the pension fund.
Transnet wants Capitec to pay the price for the state-owned entity's "mistakes" in dealings with Regiments Capital, says the bank's CFO.
Monthly ‘Live Better Talks’ from Capitec Bank to take place across the country and feature successful local leaders and influencers.
It has been a tough week on the JSE, with Sasol losing 13% in a single session.
Capitec posted a 19% increase in headline earnings per share and added 14 000 new credit card clients per month in the year ended February 28, 2019.
Capitec Bank and Praelexis recently hosted a high-profile Machine Learning Summer School in Stellenbosch, featuring expert speakers from around the world.
FirstRand is emulating Amazon.com with a digital offering that will span everything from insurance, car license renewals to locating plumbing services as the South African bank chases new revenue sources.
While the idea of massive discounts will get your attention, the rest of the products on offer might not be such a bargain, cautions Capitec.
Capitec announces that Danie Meintjes has been nominated for appointment to the boards of Capitec and Capitec Bank.
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