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SA's cheapest bank just keeps on giving

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Johannesburg - Nothing, outside a financial-market collapse on the scale of the Great Recession, can faze Capitec Bank Holdings [JSE:CPI].

The lender’s stock has gained in all but one of the years since it began trading in February 2002, jumping more than 50 000%, the most among banks across emerging markets during that period.

Even as South Africa battles an economy ravaged by political unrest, the shares have climbed 24% this year, about eight times the rate of its peers on the FTSE/JSE Africa Banks Index.

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ZAR/USD
15.20
(-0.25)
ZAR/GBP
20.40
(-0.01)
ZAR/EUR
18.42
(-0.06)
ZAR/AUD
11.29
(-0.13)
ZAR/JPY
0.15
(+0.06)
Gold
1835.48
(-0.24)
Silver
24.14
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Platinum
1061.00
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48.78
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Palladium
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59419.37
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Top 40
54500.04
(+0.61)
Financial 15
11646.83
(+2.17)
Industrial 25
79758.36
(+0.10)
Resource 10
57015.33
(+0.70)
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