The Budget presents a dilemma to the unions. Mboweni himself grappled with the conflicting demands, writes Mpumelelo Mkhabela.
Capitec has shrugged off a damaging report by US-based short seller Viceroy Research to report an 18% jump in headline earnings, boosted by client growth and fee income.
Capitec has defended the robustness of its loan book, while US-based short seller Viceroy Research criticised the SARB for vouching for the SA bank.
The potentially damning Viceroy research report into Capitec has pointed out the close ties between members of the bank’s executive board and those of Steinhoff.
Business at Capitec Bank is 'back to normal,' its chief executive officer has said, weeks after it became the target of the short seller Viceroy Research.
Whatever one's opinion of Capitec, there is much about Viceroy that triggers alarm bells of an attempt to provoke market panic, even if not to short and distort, says Gwen Ngwenya.
Viceroy, the group that exposed the accounting fraud at Steinhoff, has struck again. Its new report focuses on Capitec - and the unsecured lender is feeling the heat.
Western CapeOdwyer PersonnelR14 000.00 Per Month
R 5 500 000
R 2 395 000
R 2 500 000
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