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Capitec ventures into foreign waters

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Capitec CEO Gerrie Fourie. (Supplied)
Capitec CEO Gerrie Fourie. (Supplied)

Cape Town - Capitec Bank [JSE:CPI] is making its maiden venture into international markets, but investors have shown little enthusiasm if the bank's share price is anything to go by. 

South Africa’s fastest growing full service retail bank announced on Friday that it will purchase a 40% stake in Creamfinance for €21m, in a deal described as an "appropriate match" by Capitec CEO Gerrie Fourie.

However, the share price of Capitec was down 0.43% at R804.25 at the close of markets on Friday in Johannesburg, after recovering from the day's low of R800.02.

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