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Capitec aims to grow credit card book to R10bn by 2021

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Within five years, Capitec would like to have grown its credit card book to R10 billion, or 10% of the local R100 billion credit card book market, according to Capitec CEO Gerrie Fourie.

Currently, 22.4% of the banked population uses Capitec as its primary bank.

On September 15, Capitec launched a credit card, with a monthly fee of R50, at its 150 branches in the Western Cape.

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